The daily morning journal and courier., 1897-11-09
THE TEACHERS GUILD.

Officers for Ensuing Year-Number Of
 Teachers Have Responded to the h.
 vitation to Join the Guild, Whose Ob-
 ject is to Provide Annuities for Brok-
 en Down and Superannuated Teach
 CTS.
 At the annual meeting of the Con- necticut Teachers Annuity Guild, re- gently held in Hartford, officers for the ensuing year were elected as follows: President N. L. Bishop of Norwich; presidents, MT. M. w. Griffin of Portland and Miss Mary J. Brown of Winsted; corresponding secretary, r. A. Verplanck, South Manchester; finan- cial secretary, Miss c. F. Hopkins of Norwich; treasurer, Joseph A. Graves, Hartford; financial committee, w. w. Porter, Bridgeport, $. P. Davis, Hart ford; J. G. Lewis, New Haven; mem- bership committee, Solou P, Davis, Hartford; Scipsco Stevens, Stamford; Ellen J. Whiton, Waterbury. The trustees from each county are as fol- lows: New Haven county-John C.. Lewis, New Haven; Ellen J. Whiton, Waterbury; and A. B. Mather of Meri- den. Hartford county-Solon P. Davis
 Hartford, and F. A. Verplank, South Manchester. Litchfield county-Miss Mary J. Brown, Winsted. Fairfield county-Mr. w. w. Porter, Bridgeport;
 and MT. Scipsco Stevens of Stamford,
 Middlesex county-Mr. w. w. Griffin,
 Portland. New London county-Super- intendent N. L. Bishop, Norwich;
 Windham county-Superintend A.
 P. Somes, Dannelson. Holland county
 Miss J. w. Barbour, Rockville. The
 membership committee reported no
 applications for membership, of whom
 over fifty were teachers of less than
 fifteen years experience in teaching.
 All had been vouched for and admitted.
 This makes the total membership 570.
 The treasurer and financial secretary
 reported $5,6 600 in the treasury as the
 net result of the first year. Three
 years at only this average would give
 $16,SC0 at the end of the third year to
 go into the permanent fund, according
 to the constitution a partial synopsis
 of which is given below.
 A former article in this paper gave the general purpose of the guild and
 urged teachers who had been teaching fifteen years or more to carefully con- sider its plans before November 6, when their class would cease to be eligible
 by the conditions of it's constitution. The object of the guild is to provide annuities for superannuated or for broken down teachers. The first men, tioned after thirty years of service.
 The second class any time after having been member three years, if they are
 unable to teach because of illness, prop erly attested by a competent physician For the younger teachers who so ire quently break temporarily after five oI | six years and need a year or two ot rest to help them recover so that they may take up the successful work that only good health makes possible, this | plan is just as important as for those who have been teachers longer and SC are more experienced in taking neces- sary care of the health under the strain of the daily work. Only teachers in Connecticut at the date of their appli- cation for membership are eligible. After twenty-five years of teaching
 and ten years of membership any | member may engage in any other occu- patton and still remain a member by paying dues on the basis of the salary | last received.
 l Any person not a member of the guild upon contribution of ten dollars l or more may become an honorary l member This is to open the door fol contributions to the permanent fund o1 | the guild by friends of the plan.
 | The membership fee is three dollars | and the assessments one per cent. ot l the salary in January of each year | payable quarterly or yearly or in ad, vance as long as desired. The funds
 are divided into two parts. First the
 permanent fund, which must amount tt | fifty thousand before it's interest can be
 used to help the annuity fund. Second l the annuity fund, which alone can bt | used for annuities.
 The permanent fund is made up of al | the money collected from any source | during the first three years of tht guild less the current expenses, plus itS | interest and one-half the assessment: | and membership fees until it reache: | fifty thousand dollars, after which its 1 interest is considered 8 part of the an
 nuity fund, and twenty per cent. of tht
 whole annuity fund is then added an
 nually to the permanent fund until i | reaches one hundred thousand dollars
 after which it's whole interest is applied
 to the annuity fund. The annuity funt 1 will be one-half the membership due' each year, beginning with the thirt l year of the guild, until the permanen | fund has reached fifty thousand dol | lars. after which it shall be eighty pel l cent. of dues and fees and all the in l terest of the permanent fund until tht permanent fund reaches one hundred
 thousand dollars, when all the due'
 and fees and all the interest of the per
 manent fund will belong to the annui | ty fund. Annuities of fifty per cent. o l salary at time of retirement, but no an I nuity to exceed five hundred dollars l will be paid to those eligible to annui 1 ties if the annuity fund is sufficient, I | if is not sufficient at any time the an | nuity fund Hess current expenses shal | be divided among annuities in propor ton to the annuities to which they ar | entitled" The plan is in harmony wit many other guilds and the special eau tion of the committee which framed it l constitution was to make its safet, above risk as far as business foresigh could make it so.
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