The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-10-22
SCHEME FOR THE NEW PENSION
AND RETIREMENT FUND FOR
TEACHERS.
BIG MEETING OF THE MA'AMs
THE HIGH SCHOOL ASSEMBLY
HALL.
Some of the Minor Provisions Pro-
voked Long Discussion and
Tied Things Up.

The teachers in the city schools near
ly filled Assembly hall yesterday af-
ternoon, whenethey met to discuss the
proposed scheme for the establishment
of pension fund for experienced
teachers. Over an hour was spent in
discuss N of the following report, pre-
scented by the committee on legisla-
ton OF which Principal Farnsworth,
of the Cleveland high school, is presi-
dent:
The board of education in cities of 6, 900 in
nap9ltants snail create teachers pension and
retirement fund, for which shall be kept
apart the Following moneys
(a) An amount of per cent per annum of
the respective salaries paid to teachers elect
ed by such board of education; which amount
snail De deducted in equal installments from
SAID salaries at the regular times for the
payment of such salaries.
(b) All moneys received from donations,
legacies. gifts. requests or otherwise on ac-
count of said fund
Sec. Provides that the board of educa-
tlon IN each city together with the superin-
tendent OF schools, and two teachers to be
elected annually from among their own num-
Der, shall form a board of trustees, who
shall have charge of and administer said
fund.- and shall have power to invest the
same In state, municipal and school bonds.
Ihese two sections were adopted, but
the discussion on the rest of the re-
pert drew out SO long that it was de-
c1ded to nave the report printed In or
der that the teachers might carefully
consider the minor provisions of the
bill. The other sections are as follows:
Sec. S.-Said board of education shall have
power, by majority vote of all It's mem
bers. to retire any female teacher who shall
nave taught In public; schools or rendered
service therein for a. period aggregating
twenty years; ard any male teacher who
shall have taught ror rendered service for a
period aggregating twenty five years., and
such TEACHER also shall have the right after
said term of service to retire and become a
Denenclary under this act Provided, however,
that three-fifths ofasaid term of service shall
nave been rendered byissaid beneficiary with
IN the limits OF the municipality where said
board of education has jurisdiction. In COM
putting said period of service the teachers
at present employed shall receive credit for
the time they have heretofore taught in the
public schools Of said city.
Sec. Each teacher so retired or retir-
ing shall thereafter be entitled to receive
as an annuity one-half of the annual salary
paid to said teacher at the date of such re-
tirement, said annuity to be paid monthly
during the school year. Provided, however,
That such annuity shall not exceed the sum
of six hundred dollars ($G00) which shall be
paid by said board Of education out of the
fund created in accordance with this act in
the manner provided by law for the payment
of salaries.
Sec. s5.-Said board of trustees is hereby
given the power to use both the principal and
the income Of said fund for the payment of
annuitiess herein before mentioned and shall
have power to reduce from time to time the
amount of all annuties in care that there
are not sufficient funds; provided, that such
reduction shall be at the same rate in all
cases.
Sec. 6.--The president and secretary of such
board OF educations sh adj sfseTtify monthly to
me city treasurer all amounts deducted from
the salaries Of teachers, special teachers and
principals in accordance with the provisions
OF TINS act, which amounts as well as all
other moneys contributed to said fund shall
De set apart and held by said treasurer as a
special fund for the purposes hereinbefore
spec1fed, subject to the order of said board
OF education, superintendent of schools and
TWO teachers, as aforesaid. and shall be paid
out upon warrants signed by the president
and secretary of said board of education.
Sec. 1.-THE city treasurer shall be Gus
todian OF said pension fund, and shall secure
and safely keep the same subject to the
control and direction of said board of trustees,
and shall keep his books and accounts con
corning said fund in such manner as may be
prescribed by the said board and said books
and accounts shall always be subject to the
inspection Of the said board Of trustees or
any member thereof
The treasurer SHALL within ten DAYS after
his selection or appointment execute a bond
to the city. with good and sufficient secur-
lties, in such penal sum as the said board of
trustees she'll direct, to be approved by the
said board, conditioned for the faithful per-
formanee of the duties of his Office and that
ne Will safely keep and well and truly ac-
come into his hands as such treasurer. and
that on the expiration of his term of Office
he will surrender aand deliver over to his
successor all unexpended moneys and ali
property which may have come into his hands
as treasurer of such fund. Such bond shall
be filed in the Office of the clerk of such civ
and in the case of5a breach of the same or
the conditions thereof suit may be brought
on the same in the5name of said city for the
use OF said board of trustees or of any per
son or persons injured by such breach
Sec. 8.-No teacher who has been or who
shall have been elected by said board of edu-
cation shall be removed or discharged ex-
cept Tor cause upon written charges which
shall be investigated and determined by the
said board of education whose action and de-
c1sion in the matter shall be final
III at any time a. teacher who is willing to
continue is discharged before the time when
he or she would. under the provisions of this
act, be entitled to pension, then such teach
er snail be paid back at once all the money
with interest at per cent, he or she NAV
have contributed under the law Provided
that said teacher has been a contributing
member for five years.
Sec. 9-Wherever the word teacher is used
IL this act it shall be understood to include
principals, supervisors and superintendent
HER LIFE A WRECK,