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in Net Assets Schedule of Disbursements
and Expenses |
Audited Financial Statements
NOVA SCOTIA PUBLIC SERVICE LONG TERM DISABILITY PLAN TRUST FUND
Schedule of Disbursements and Expenses for the year ended December 31, 2008| 2008 | 2007 | |
DISABILITY CLAIMS |
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| Disability benefits paid | $11,800,368 | $12,962,348 |
| CPP recoveries | (418,672) | (651,047) |
| Subrogation recoveries | (135,945) | (166,943) |
| WCB recoveries | (174,220) | (123,283) |
| $11,071,531 | $12,021,075 | |
PROGRAM ADMINISTRATION |
||
| Plan administration services | $679,395 | $719,601 |
| Rehabilitation program | 258,154 | 217,510 |
| Short-term illness program | 204,800 | 221,764 |
| Medical appeal hearings | 6,338 | 14,227 |
| $1,148,687 | $1,173,102 | |
OTHER |
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| General office and administration | $506,286 | $557,131 |
| Projects | 87,091 | 70,159 |
| Consultants | 25,366 | 76,332 |
| Actuarial | 12,500 | 33,677 |
| Legal | 75,019 | 75,850 |
| Audit and accounting | 15,104 | 17,529 |
| Amortization | 9,580 | 10,845 |
| $730,946 | $841,523 | |
INVESTMENT EXPENSES |
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| Investment manager | $155,948 | $149,697 |
| Investment custodian | 29,533 | 30,313 |
| Performance measurement | 3,938 | 5,288 |
| $189,419 | $185,298 | |