Omaha daily bee., 1909-03-28

For Poioemen--Twenty yearg' aggregate
service required; $40 a month; same for
disability incurred in line Of duty.
Three bills have been passed by the ex-
piring legislature to create retirement PEN
sion systems I'm the city of Omaha, for the
school teachers the firemen and the police
men.
The pension fund for the teachers is to
be created i'm part from contributions by
the beneficiaries themselves. which contri-
buttons will provide two-fifths Of the pro-
posed fund, and the Board of Education is
to provide three-fifths.
The police pension fund and the fund for
firemen are to be provided by the munich
pality
The laws providing for the two last
named funds become operative fully 1;
that for the teachers will not come prac-
tically into operation until September 1.
The teachers pension law provides tn 1t
the Board of Education shall have power
to adopt rules and regulations Ito provide
for a retirement fund for public school
teachers In school districts in metropolitan
cities, and to provide for the retirement
of teachers In such districts, and the con-
fund is to be created in the following
manner:
First, by an assessment of not less than
1 per cent nor more than III per cent Of
every installment of salary paid TO a
teacher regularly employed by such school
district: second, by the setting aside from
the general fund of such school district
Of an amount which shall be not less than
one and one-half times the amount of such
salary assessment and not less than the
amount necessary to meet the payments
herein provided for: third. by the receipt
by gift or otherwise OF any real. personal
OF mixed property or any interest therein. .
The fund so created is TO be exempt
from garnishment or execution. 1t Will be
disbursed under Instructions and orders
OF the board. 1t can be invested. If at all
only in the bonds of Omaha, Douglas
county, state bonds or United States bonds
simple illustration OF the working oi
the law may thus be made: Teachers draw
ing $50 per month will pay 50 cents to the
fund each month, and to that the board
will add 70 cents
Membership is Voluntary.
Membership in the teachers retirement
fund is not compulsory, for any teacher
may be exempt from assessment by making
request in writing for such exemption
That very small percentage of the teach
ing staff. If any, will make a request FOL
exemption is indicated by the fact tha
only dozen or so of the whole force faileC
TO sign the petition to the legislature anC
none because OF pronounced opposition.
Teachers credited by the board with al
aggregate of thirty-five years service
| twenty continually in the Omaha publ,
schools, may be retired; teachers havin,
| forty years OF experience shall be retired
For retirement because OF disability or in
capacity, physical or otherwise, an aggre
gate teaching experience OF at least TWEEN
| ty-five years is required. and IL any sucl
teacher is later reinstated the years of re
| tirement shall be counted in the teacher
| aggregate IL cause arise for retiremen
anew. In cases of disability. however, dur
ing the period Of retirement the MONTH,
installments shall aggregate for the yea
such percentage OF 500 as the number o
years of teaching experience shall bear I
the term of thirty-five years. which woul
mean practically $50 a month. For retire