The daily morning journal and courier., 1907-03-14
@ Moneys paid by the State. (oN lEor,nxrr, ai

@ Annuity, consisting of interest on permanent fund, yearly contribution and money otherwise received.
 Section Il. The pension fund shall be considered as special state funds and be in charge of the state treasurer. But the annuity fund shall be under control of the state board of education, who shall keep an accurate account of all reeipts and disbursements of the pension fund and shall invest the per- manent fund in such ways as are legal ly allowed for trust funds.
 Section 12 Any teacher who is teaching In the public schools of Con- necticut after the passage of this act, if he has taught thirty years in the public schools of the United States, the last twenty years in this state, or who has taught twenty-five years, the last twenty of which shall have been in this state, and on account of injury or i'll health is unable to continue teaching; may, after ceasing to teach in the pub lie schools of Connecticut, apply for a pension under this act; provided his name is on the roll of participants, and also provided that he has conformed to section seven of this act.
 Section 1S. When there shall be any money in the annuity fund such money anually shall be divided among the an- nuitants who have qualified under this bill pro rata to the amounts each has paid in; except that no annual annuity shall exceed one-half of the last yearly salary of the annuitant.
 Section IA. No pensions shall be paid under this act until there shall be fifty thousand dollars in the permanent fund; then all amounts received there- after shall belong to the annuity fund.
 Section 15. Any teacher who ceases to teach shall sever his membership under this act and shall forfeit any money he has paid in except under the conditions mentioned In section seven teen. If such teacher resumes teaching he may again enroll himself if he so desires and shall be credited with the amount he has paid in.
 Section IS. Any teacher whose name is enrolled as participant under this act cannot withdraw his name from the roll as long as he remains a teacher in the public schools of this state
 Section 1T. A teacher who has paid in an amount equal to thirty-five an- nual assessments of one per cent, as required, may have the option at any time to cease annual payments, and he shall remain eligible for a pension.
 Section 1S After any teacher has served in the public schools of this state for fifteen years and has made fifteen annual payments and shall cease teaching before he has served long enough under this act to enjoy It's benefits, he shall be paid back from the treasury one-half the amount which he has paid in,
 Section 19 All benefits and rights which a teacher has under this act shall cease at his death and his heirs or legal representative shall have no claim against this fund whatever
 Section 20 The moneys, securities and effects of this fund, and all pen sions or annuities granted and payable from said fund, shall be and are ex- empt from levy and sale by virtue of an execution and from all process and proceedings to enjoin and recover the same by, or on behalf of, any creditor or person having or asserting any claims against, or debt or liability of, any pensioner or annuitant of said fund.
 Section 21. The term teachers" un- der this act shall include superinten- dents, principals, supervisors and spec ial teachers of the state of Connecticut
 Section 22 The state board of edu- cation shall be allowed to make any ordinary rules governing this pension fund and the organization under this act.
 Section 2S There is now a pension organization in Connecticut known as the Connecticut Teachers Annuity Guild. Recognizing that they are the pioneers of the pension movement ir this state and are to be commended for their earnest efforts to help deserv- ing teachers, we ask the passage of the following section as an amendment tc any action which differs from it.
 If within one year from the date oi this bill four-fifths of the members ot this guild shall legally vote to disbant their organization and become partici. pants under this act, then sum ot money shall be taken from their funt and be put In trust, which shall bt large enough to pay the present annui. tants their last annual annuity for at many years as is the expectancy of lift of each computed by the last life In surance tables. The rest of their funt shall be divided pro rata among tn, l members, the shares of those joining under this act shall be paid into tn, l pension fund of thls act and be credit ed towards their aggregate assess ments as provided in this act. Or Section 23. If within one year af ter the passage of this act, at leas four-fifths of the members of the Con necticut Teachers Annuity Guild shal
 join under the provisions of this act then one-half all assessments whicl such teachers shall have paid in to tn Teachers Guild shall be credited to wards their total payments under thi act The funds now in the treasury o
 the guild shall remain and be uset without reserve to pay the guilds obli gations to its present annuitants in tn
 same way and in amount equal to tn
 last yearly annuity of each, When al
 such obligations shall be fulfilled, an, surplus shall be transferred to thi
 pension fund under this act and shal
 be at the disposal of the state board o education as heretofore provided.
 Thursday, March IA, donation day fo St. Rapsaaels hospital Chance to hel a worthy charity.