The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1899-12-02
RETIREMENT FUND
The Provisions and Condi-
tons Of the State Teach
ers' Association.
SOURCE oF INCOME
Beneficiaries Give a Percent
age OF Their Salary-In-
creased BY Donations.


GERS are-President, Hon. Charles J. Bax-
ter, State Superintendent of Public In
struction; Treasurer, Hon. George T.
| Swain, Treasurer of the State of New
Jersey; Secretary, s. E. Holmes, NO. 40
| Chambers avenue. Camden, n. J. Tne
! trustees are.-Hon. Charles J. Baxter;
/ Hon. Otto Grouse, Hon. Sllas r. Morse,
Of the State Board Of Education; Hon.
| George w. Howell. Mrs. Georgia 3. era
| ter, Miss Elizabeth A. Allen, appointed by
President of New Jersey State Teachers
| Association.
The report says:-The following are the
| essential provisions Of the New Jersey
Teachers Retirement Fund law
1-MEMBERsHIP.
1 Teachers Of the public schools and OF
the state schools of New Jersey who
| failed to Join the fund under the original
law. and who were engaged in teaching
at the time of the enactment OF the
mendmen March "a, 1889, have now an
! other opportunity to do so.
2 Teachers appointed for the first time
March "a. 1899, nave one year from date
| of their appointment as teachers in New
Jersey in which to decide whether to join
| or not.
Il tdtutIS nlct4AAt9
will fill out the proper blanks and send
| one to their local Board of Education. and
one to the Board of Trustees of the
Teachers, Retirement Fund, addressed to
s 2. Manness, Secretary. Camden. n. J.
2-CoNDITrONS OF RETIR EMENT
4 member Of the fund who has taught
twenty years or more in the public schools
or state schools OF New Jersey, and VINO
- 4r1 FIND an amount
not less than o~ne-ffth of his or her aver
age salary for the five years Immediately
preceding. and who has become mentaAy
or physically incapacitated to perform the
duties of a teacher, may apply to the
Board of Trustees of the Teachers Fe-
| tirement Fund Through the secretary for
| retirement. Such application is considered
| carefully by the trustees, and doctors
| certificates and all evidence necessary 10
prove the case a worthy one having been
presented. the applicant is declared an
| annuitant.
The amount Of annuity is half pay, but
in no case shall the annuity be less than
$3.50 nor more than $500 per annum
In case there shall not be money enough
to pay annuities in full for any one quar-
ter. all payments for that quarter must
reduce pro rata
Teachers who give up teaching after
having been members of the fund for five
wears may draw out one-half of what they
paid into the fund.
/ SOURCES OF INCOME-THE TEACH
ER RETIREMENT FUND IS NOT
SUPPORTED BY STATE TAXES.
Though established by law, not a cent
of the fund has come from the State
| Teachers who are willing TO cooperate in
the support Of their disabled comrades,
| notify their Boards of Education 10 that
! effect. upon whom it becomes mandatory
to deduct each month one per cent from
the monthly salaries of such teachers and
forward the amounts so deducted to the
State Treasurer at Trenton, who is ex-
ofieio treasurer of the fund Membership
application blanks may be obtained from
the County yice-President Of the Retire
ment Fund Department of the New Jersey
/ State Teachers Association. from the
| County Superintendent, or from the Secre-
tary. Mr.. S. E.. Manness.
Not all the teachers of the State are con-
tributors to the fund, but about one-half
| of them are, and many new members are
| being reported from various parts OF the
| State. It is hoped that members and
| friends of the fund will prosecute the
work vigorously until every teacher in the
State is enrolled. The aggregate of mem
hers, contributions yields already an in
come Of $4,000 annually. upon which
eighteen teachers have been relieved OF
classes they were no longer able to teach,
and have been retired upon annuities
averaging $316.14; the largest being 500
and the smallest $3.50. Several more tired
| out teachers will find refuge in the safe
and peaceful haven of the retirement
fund before the end of the year. when the
annuities in force will amount to about
5000.
If every teacher in the State would con-
tribute one cent from each dollar earned,
the annual income from this source would
be S $4,000.
The law permits the fund to be IN
fcreased by donations. legacy. gift, be-
Quest or otherwise" and the Board of
Trustees has, by official resolution, cor
daily Endorsed the project of fairs,
bazaars. concerts. lectures and other en-
t-ertainments. the proceeds Of which shall
be applied to the permanent endowment of
the fund. Orange in 1891 thus contributed
1880.
It is proposed to institute a grand
State enterprise. throughout the State
during the present and ensuing year in aid
| OF the permanent endowment. Paterson is
No. i, with a fair; Hcboken No. 2, with a
bazaar, and the Town Of Union, Hudson
county, is No. s. with a concert II is
1 hoped that the movement will become
general. What place will become No. 4?
Information regarding fairs and entertain
ments will be furnished by Miss Elizabeth
A. Allen, Hoboken. In both Paterson and
Hoboken, the municipal authorities, the
| Boards Of Education and the City super
interdents are cooperating cordially with
the teachers. In Hoboken, the Mayor Is
President OF the Fair Committee; the
yioe-Presidents are the President Of the
| Board OF Education. the Mayor of West
Catarrh Cannot He Cured
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