Lewiston evening teller. [volume] (Lewiston, Idaho) 1903-1911, 1907-04-04
CRAIG'S ANNUAL ADDRESS
CONTINUED from Page Two.)

of entertainments, gifts, requests and |
interest nn Investments. The hoard of |
trustees consisted of the state super
intendent of public instruction, the
members of the state board of educa-
ton and two representatives chosen
by and from the teachers who are
members of the fund and members
of the state teachers association. The
decisions of the hoard were final The
state treasurer was ex-officio treas
urer of the fund. Teachers who Joined
could not withdraw unless they ceas-
ed to be teachers in New Jersey.
Those who resigned their positions
as teachers after contributing to the
fund for five years or more were en-
titled to a refund of one-half of the
amount contributed, without interest.
Contributions Compulsory.
The number of teachers joining the
association was not as great as was
expected For this reason 1t was
feared that in time the revenue of one
per cent would not be sufficient all
though it was believed that If all
teachers had joined the organization
there would have been no possibility
of difficulty from this source. AS
result a new law was passed last year.
| Under the new law all teachers
who begin to teach in New Jersey af-
| ter January /, 1908, become mem
bers of the fund by virtue Of their APP
/ nla To fno oh
ers they elect to accept the provisions
of the retirement fund law.
Membership dues deducted monthly
will be two per cent of the salaries of
all who had been teaching ten years
or less when they Joined the old fund
and two per cent of the salaries of all
those who begin teaching after Janu-
airy 1, 1908.
There is a clause in the law which
makes an adjustment of two and one
| half per cent for those who had been
teaching more than ten years but less
than is years and three per cent for
those who have been in the service
over Is years.
Direct Pension System.
State legislatures have authorized
retirement funds in cities within their
jurisdiction in a number of instances.
California has such an enactment ap-
plicable to all cities. st. Louis, Provi-
dence. Greater New York. Pough-
keepsie, Detroit, Chicago, Charleston
S. c., Buffalo and Minneapolis are al
} so among the number. In few ms
tanes an appropriation Is authorized
J by the state board of education from
the general funds In New York five
per cent of the excise tax goes int
this annuity. In almost every cas-
provision is made for Increasing thu
fund by means of legacies, gifts an'
in some cases by the fines imposes
upon teachers for absence.
Two states, New Jersey and Mary
land, have a direct pension system
that applies to all teachers who hav
served a certain number of years.
The Maryland law is in substance
that when any person has taught II
public or normal schools for % year
and has reached the age of 81
/ he may be retired on a pension o
|"
5000 per annum.
The agitation In New Jersey of tn
law creating a retirement fund TO
| teachers was the means of placing
: direct pension law on the statut
books.
How Teacher Is Retired.
q The law provides that any teacher
3 principal or superintendent who ha
. taught iii the state of New Jerse
8 for a period of twenty-five years
. twenty of which shall be in the dist
. riot which retires him, may, on appli
= cation to the board Of education G
. that district, or by resolution of tina
board of education, be retired fror
duty and receive a half pay pensior
reckoned on the average annual sal
= airy of the last five years of teaching
In a number of the universities {
the United States the retirement {
/, professors at a certain age or when n
longer able to perform regular activ
duty. has been in vogue for mum
Der of years. Harvard. Cornell, Co
lumbia. California, are in the lis
There is very little conformity TO an
one method in the retirement pla1
In Columbia any Processes who ha
been Is pears in the service of tn
university and has reached the age {
65 may retire on half pay
At the netting of the national as
sociation of state universities
Washington in 1905 President schur
man said in discussing this pensio
b question:
How Cornell Settled Question.
81 will tell you what ne did at Coz
nell University In the way of settlin
n this question before we had a per
n sion fund. The pension fund wa
u given to us only a few years ago
"a a friend of the university; but befo
rs baaY, t0 -