Tables B1, B2, and B3 compare how much each subcomponent contributes to totals of assets, receipts, and payments, respectively. For all components in both quarters, all differences were less than 0.5 percent. This suggests that the percentage each part represents is consistent between the previous and new panel. Tables C1, C2, and C3 show quarter-to-quarter change between the previous and new panel. For holdings, the difference in the percent change from the first to the second quarter was less than 1.0 percent for both the new and previous panel (see Table C1). Quarterly change was more variable for receipts. Table C2 illustrates that differences in the percent change for both panels spanned a slightly larger range of ±3.0 percent. Total payments and its main subcomponent, benefit payments, saw a percent change of less than 2.5 percent for both panels giving a difference of 1.2 and 1.1 percent, respectively. The largest quarterly change of all the finance categories was withdrawals. The previous panel shows an 8.0 percent drop while the new panel gives a decrease of 1.3 percent, which yields a 6.7 difference in percent change (see Table C3). Conclusion Both panels represented about 88.0 percent of total assets in 2012. Aggregates for assets, receipts, and payments are nominally different for both quarters when comparing the two panels. Based on this analysis, replacing three units on the panel did not disrupt the continuity of the totals published in the QSPP.
Tables B1, B2, and B3 compare how much each subcomponent contributes to totals of assets, receipts, and payments, respectively. For all components in both quarters, all differences were less than 0.5 percent. This suggests that the percentage each part represents is consistent between the previous and new panel. Tables C1, C2, and C3 show quarter-to-quarter change between the previous and new panel. For holdings, the difference in the percent change from the first to the second quarter was less than 1.0 percent for both the new and previous panel (see Table C1). Quarterly change was more variable for receipts. Table C2 illustrates that differences in the percent change for both panels spanned a slightly larger range of ±3.0 percent. Total payments and its main subcomponent, benefit payments, saw a percent change of less than 2.5 percent for both panels giving a difference of 1.2 and 1.1 percent, respectively. The largest quarterly change of all the finance categories was withdrawals. The previous panel shows an 8.0 percent drop while the new panel gives a decrease of 1.3 percent, which yields a 6.7 difference in percent change (see Table C3). Conclusion Both panels represented about 88.0 percent of total assets in 2012. Aggregates for assets, receipts, and payments are nominally different for both quarters when comparing the two panels. Based on this analysis, replacing three units on the panel did not disrupt the continuity of the totals published in the QSPP.
QSPP_Bridge_Report_2012_Panel.docx