The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-05-28
Facts aud Figures Concerning the Re
tired Teachers Fund.
Ir (BY.J. IL. BINF0RDJ

The United states pension laws, with
their slarins abuses. do not APPEAL e
SouthernerS. yet the majority OF people
believe in the general principal OF pen
sions. We gladly allow to aged Con
Tolerate veterans their scanty allow.
ances We applaud when great rail
way system retireS its aged employees
VIC realize that the system OF com
pulsory insurance for working men in
Gently inaugurated in Great Britain are
in line with the progress of Il modern
and enlightened age. ~
Now liz Virginia we have pensions for
disabled and aged public school teach
ers And yet we have not pensions, 10,
the teachers themselves contribute full
y So per cent of all the money paid
into the retired teachers fund, The
teachers OF Virginia pay in round num-
hers $4,000 annually 10 maintain the
fund. while the STATE contributes $4,000.
years. Next year there will be a de-
ticit. the year after there viii be 4.
sill larger dchcit. unless the LeGisla-
,ure increases lis .appropria ton. In
est 10 the teachers OF the State and
20 the public u general 70 review
some OF me features Of the law and
set forth how II is working.
General Provisions of The Inv.
The, Law provides that any teache,
wh it,, has taught twenty years in The
become physically or mentally incapac
itated, may be retired by CONVINCING
both the state Board q Education ard
the State Board Of Health OF SUCH
ancapecity The law provides FUR
Their that any teacher who has taugru
ihlrty years may retire voluntarily,
PROVIDED the teacher has reached t!ir
age Of nifty IL woman or fifty-cight
If man.
Al retired teachers arc entitled I,
receive in quarterly payments an an
yearly salary while icaGh!n:s provided
That the maNlmnm amount shall NOT
sAceed 1920: Tbs average annual pen
According to the law teacher ,ust
entering the work must teach thirty
years and consequently make thrtv
Payments before he can retire volun.
tarny But many ale now rctirins
ehcr having made only Two OF iilFet
annual payments, because they nav,
already taught thirty years 70 cqnal.
ne matters q section Of the llW Iiro.
1ides thai all nDw ratirin., or .whc
shhll in the future he placed uno,! IN.
+ !ist snail nave deducted from the drs
r re ,,,,' enough 70 inak' " ne thir,l
reiher with The balanae from eaei
year : pa%nentsi slal! constitute a per.
ihaneni fund There Is now in tn
intrre$, Of which car. be used and /
Il estimated that in The not distan
iNture me permanent fund Will amoun
Il 10 several hundred thousand dollars
Each teacher IN Virginia IS require,
by mis- contract with The school boar,
etnnloying him 10 pay into the re
Tired teachers' fund ! per cent OF nj
salary These contributions along witl
an annual appropriation Of $1,000 iron
the Commonwealth, make up the funi
How the Law Has Worked.
The general features OF the Law hav
hcrn outlined above. Now let US Sc
from the following table and tigurc
how the Law has worked durins; In
last three years. i
Splnber Of pensioners seventy years
+ plI dHu DNt! ,.-... ..i........... P. 3
NEmber OF pensions between sixty
md seventy years OF age ..|.'...
Number Of pensioners between nifty
and sixty years Of age ....I... 2
f Number Of pensioners between forty
and fifty years OF age.....s.'l
Number OF pensioners under forty
years OF age .................,
Number on retired list: White. oS9Y
colorcd. 80. Total ......,l..;. }3i
IT. WILL be noticed from the n3o,