The evening tribune. (Pawtucket, R.I.) 189?-190?, 1897-07-19

Section 4. The school COMMITTEES of the
ciiy of providence shall have power "a
establish what shall I've known as the
Public School Teachers Retlroncnf FUND.
which fund shall be administered by the
board OF trustees hereinafter provided for.
said Lund shall consist of:
tioDs, lcgscies. gifts. bequests or other
wise, for or on account Of SAID fund
,btcord. On ana after October first.
eighteen hundred nincty-seven the school
committee shall reserve and turn over 10
sald fund one per cent. OF the salaries
PAID 10 teachers who shall prior 10 that
this act ana e one per usr cent t." aiarios
paid ~ AL tcachcrs appointed after said
date: Provided, that no teacher shall be
essesscd for more than one per cent. Of
fwelvC hundred dollars per annun.
Third, All Interest or income derived
from tho above moneys.
Bee. 2 The president or chairman OF
the school committees together with three
members chosen by said committee the
superlntendent of schools. the city treas,
De ex-ofhciO the treasurer Of said fund,
and three representatives. 10 be elected
annually by those teachers OF the public
schools who contribute 10 the support OF
this fund IN accordance with section OF
THIS act, shall form board Of trustees
VINO shall have charge or and administer
said fund. and said board OF trustees shall
nave power 10 invest and rc-inyest the
same az shall be deemed by them most
beneficial 20 said fund. and shall make
payment from sald fund Of annuities
granted In pursuance OF this act; and
shall from time 20 time make and estab-
Dsb buch rules and regulations for the
administration or said fund as they shall
Sec. 3. Whenever a tcachers' pay roll
shall be certified 10 the city auditor for
payment, II snail contain a statement Of
ary OF each teacher who contributes 10
the support Of said fund IN accordance
with the provisions Of this act, which
aha1t ne a11aH bU g.tI off
urcr 10 said retirement fund and all
amounts received by said treasurer for
said fund, IN accordance with the proyi-
sions OF this act. shall be subject To the
order OF said board OF trustees signed by
the president and secretary OF said board.
Sec. T.. Every teacher who has annual4
ly contributed TO said fund I'm accordance
with the provisions Of this act for al:
least five years and shall have taught I'm
public schools. IL man. not less than
thirty-fye years, or II woman. not less
than thirty years. twenty years Of which
service In both cases shall have been In
the public schools OF said city next pre-
ceding the time Of retirement. may be re-
tired and shall have the right voluntarily
10 retire from such service and become a
beneficiary under this act and every such
teacher so retired or retiring shall be en-
titled to an annuity for the remainder Of
his or her life. To be paid by said board
OF trustees out Of said fund equal 10 one
time Of such retirement, at the same
times and In the same proportions as ths
salaries OF teachers are paid: Provided
that the annuity 80 paid shall I'm no case
exceed six hundred dollars In any one
year
Sec s. Every teacher In the public
schools OF said city who shall have
taught continuously therein not less than
ten years and for not less than five years
annually contributed TO said fund i'm the
manner provided in this act and has be-
come without the fault of such teacher.
mentally or physically incapacitated for
such service, may retire or be retired
therefrom and become a beneficiary OF
said fund In the same manner and to the
same extern as provided In section Of
this act Provided. that such annuity
shall cease when such incapacty ceases.
Sec. 9. In case the fund should be In
sufficient TO pay the annuities provided
for in section OF this act, the board Of
trustees shall make a ratable distribution
among the teachers who may be entitled
to annuities under the provisions of this
act.
Sec. Z. This act shall take effect from
and after it's passage.