The Providence news. (Providence [R.I.]) 1891-1906, 1897-04-24


To may subscribe 20 the fund and after
that IL will be compulsory on any Few
teachers who may bc appointed. They
viii understand, how ever, before accept
ing position, that one OF tine conditions
is chat one per cent Of their annual com
pensation will be deducted and credited
to the retirement fund As General Dyer,
the father OF the bill explains IL, ii will
be just as 10 is now in the regular army,
where IL cents month Is deducted from
the pay of every man for the support OF
the soldiers homes. Ihoy understand that
before enlisting.
The Wish of the Teachers.
The paper signed by the 40i school
teachers Is as follows: We, the under
signed, teachers in the public schools Of
Providence, desire by this paper to ex
press our wish.
First that the city of Providence may
provide a public school teachers 'retire'
ment fund.
Second, that teachers in the employ
ment of the city may be retired after
thirty years service on an annuity equal
to one half the regular salary of said
teacher at the time OF retirement
Third, that If teacher is dismissed
from service by action of the school COM
mittee she shall have returned to her the
full amount she has paid into said fund.
And we further agree, that If necessary
dence one per cent annually of our
salaries for the establishment of said
fund.
1t is significant that this paper was
signed by practically all of the younger
teachers those who will have To wait a
good many years before they Will be eligi-
bio as beneiiciaries
At meeting of the school committee
last .lpne General Dyer, Mr.. Metcalf and
General White were appointed 60 consider
the mater and this committee recon-
mended tAc passage of the bill now i'm the
Legislature which was drawn by General
Dyer chairman.
The action of the subcommittee was en-
dorsed by the school committee as
whole by vote of % to 2, Mr. 4. w.
Bicknell and Alderman Mccarthy voting
in the negative.
The friends of the measure emphasize
the three facts that the fund will enable
a fair and just treatment of those who
have grown old in the service of the pub
lie schools, that the teachers themselves
want 10 and that 1T will cost the city
nothing.
Provisions Of the Bill.
The text of the bill is as follows.
The school committee Of the city OF
Providence shall have power to establish
what shall be known as the Public School
Teachers Retirement Fund, which fund
shall be administered by the board of
trustees hereinafter provided for Said
fund shall consist Of
First. All moneys received from dona-
tions legacies gifts requests or other
wise, for or on account of said fund.
second. The school committee shall on
and after - reserve monthly and turn
over to said fund per cent of tho sala-
ries paid each month To teachers who
shall, prior To that date, elect 10 como
under the provisions of this act; and the
school committee shall also reserve
monthly and turn into said fund.- one per
cent of the salaries paid each month
TO all teachers appointed after = provided
that no teacher shall be assessed for more
than per cent of $1,000 per annum.
Third. All interest or income derived
from the above moneys
The president or chairman of the school
committee together with three members
chosen by said committee the superin.
tendent OF schools the city treasurer of
the city of Providence, who shall be eX-
oflicio the treasurer OF said fund, and
three representatives 20 be elected an
nually by those teachers of the public
schools who contribute TO the support of
this fund in accordance with section | OF
this act, shall form a board of trustees,
who shall have charge of and administer
said fund and said board of trustees
small have power TO invest and reinycst
the same as shall be deemed by them
most beneficial TO said fund, and shall
have power to make payment from said
fund of annuities granted in pursuance OF
this act; and shall from time TO time
make and establish such rules and regu-
lations Tor the administration of said
fund as they shall deem best.
The board OF trustees shall have power
90 pay "a retiring teacher an amount equal
TO one.half of the salary of such teacher
at the time Of resignation, but in no
case 70 exceed six hundred dollars In any
one year, upon the following conditions;
First. Where such retiring female
teacher has taught for not less than
thirty years In the public schools, and
where such retiring male teacher has
taught for not less than thirty.hve years
i'm the public schools. twenty years of
which shall have been in the public
schools of Providence Immediately pro-
cCding the date of retirement from sUid
schools. and who has contributed an
nUally for at least five years 10 the sup
port of this fund In accordance with the
provisions Of this act
Second. Where such retiring teacher
though having taught loss than thirty
or thirty--iivc years, has become mentally
or physically incapaciiatod from teaching,
provided thai such teacher has taught
for the period of not less than ten years
Immediately preceding che date Of such
retirement IN the public schools Of the
city % Providence, from tho service of
which such teacher retires, and provided
further that the annuity shall cease when
such incapncity ceascs.
I'm case the fund should be insufficient
tn nay the annuitlcs provided for in soc
tiou OF this act, the board of trustees
shall have power 90 reduce the same by
making AN equitable distribution among
the teachers who may Dc entitled 20 nn !.
nuitics under the provision of this act
This act takes effect from and after .ts
passage Tho judiciary committee will