The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1904-12-16
TEACHERS FUND
Miss Elizabeth Allen Reports
on Its Condition to the
State School Board.
YEAR OF MARKED PROSPERITY
Total Assests on June 30
Were $7e, ,751. o7-Annu-
ties Granted 81.
Special to ..The Jersey city News,


TRENTON, Dec. IS, 19O4-Miss Eliz-
abeth A Allen, or Hoboken, has made
her annual report as secretary Of the
teachers retirement fund to the State
Board of Education.
The total assets of the fund on June
80, 1904 as shown by a statement of the
State treasurer, were S79751 81 of which
$65,500 were investments.
Miss Allen characterizes the last year
as one of marked prosperity, and says
that during 1903 and 1904 eighteen addi-
tional annuities were granted, a larger
number than in any preceding year, and
that the account Of annuities was pro-
portionately increased
The total number of annuities granted
to date is eighty-seven, and the total
amount represented in payments for the
year is S5,6S2.76. The annuitants are
n. H. Whiteaere, Burlington County,
$3.50; Edith E. HuIin, Essex County,
$275; M. Adelaide Healy, Essex, 1925;
Annie E. Stull, Middlesex, $40; LYDIA
v. Marden, Mercer, $3.50; Maria NJ.
Wright, Mercer, $500; Jacob Maxwell,
Essex, 5000: George III. Voorhees,, Mer-
Ger, 5000; John NJ. Sullivan, Burlington,
$3.50; Mrs. Deborah Bateman, Cumber-
land, $3.50; Elias L. Dalrymple, Hunter
don, $3.50; Anna r. johnson, Burlington,
$3.50; Mary E. Berger, Middlesex. $3.50;
Rachel D. Rowland, Mercer, $3.50; Sarah
L. CASTOR, Mercer, s270; Francis o..
Crane, Union, S2sT; Mary J. Vail, Hud-
son, S355.20.
During the year four Sannuitants have
died and the total amount paid yearly to
these was 81 ,425. The dead annnitants
are Clara Bonham, Hunterdon, $3.50;
Thamer Snover, Sussex, $3.50; Laura G..
Delano, Essex, 1925, aud Jacob R. Max
we'll. Essex, $780,
There are now sixteen applications for
annliities pending decision, and the total
amount represented in the claims present.
ed by these is $4,S17. OF the sixteen APP
plications on file June /, 1904, eight have
been tabled for these reasons:
Three, because disability to earn live
lihood has not been satisfactorily estab-
lished; one was in litigation with the
trustees; two resumed employment; one
married: one lives in Missouri. OF the
remainder, two were recent applicants,
were reported favorably at the last
meeting and laid over for subsequent ac-
ton, while the remaining six were pre-
sented to the board at the last meeting of
the fiscal year.
The total value of annuities in force at
the end Of the fiscal year was 81. .275.60,
less one per cent. deducted for the funds,
therefore the apparent annuity account
for the current fiscal year was $21 ,062.S5
OF the eighty-seven annuities granted,
sixteen are for men and seyenty-one for
women, and the average of these is
$315.S S5, and the total $27, AIS. .35.
The average length of teaching service
of the annuitants at the time Of appIica-
tion for annuity was thirty-two years.
The total amount of annuities paid to
June 80, 1904, was S65.1s7 .06. Tie total
amount Of rebates for the same period
was S476.1O, and the total administrative
expenses for like time were ST.. .5s692.
The total number of annuitants deceased
is nineteen, and the value Of the annu7
tiles is S6,203.T5.
Miss Allen says that on July 1, 1904,
there was due the fund considerable
amount from various places for members
due to May 80, 1904; therefore the actual
net surplus on July ], ''was substantially
above $So,ooO''
In conclusion Miss Allen, under the
caption of "Derelict School Official,
says: 1T is with regret that the attention
of your body is again directed to the