Evening journal., 1911-01-19
PENSIONS FOR
CITY TEACHERS
PedagOgueS Discuss Proposed
Bill and Defer Action for
One Week
ASK CITY TO GIVE
$4,000 TO THE FUND


In response to the call Of the Board
of Directors of the Teachers Mutual
Beneficial Association to hear the
first reading of the bill providing for
the creation OF teachers retiring
fund to be presented to the I&gisla-
ture. there was a large attendance
OF teachers IN the Wilmington High
School yesterday afternoon. After
the bill had been read there was gem
eral discussion on its merits at the
conclusion of which, it was decided
to defer action for one week. in order
that the teachers could have time
10 consider the measure. A vote viii
be taken on next Wednesday after
noon.
Last night a committee OF teachers
conferred with members Of Council
on the subject and requested them
TO make an appropriation toward the
retirement fund of $4,000 a year
The members of Council expressed
themselves as favoring retiring
fund but they were not sure that the
city was prepared at this time to
bear this extra burden. The council
men promised, however, to consider
the request and it is likely that other
conferences will be held.
The proposed retirement bill fol-
lows:
"An act to establish a retirement
fund for pensioning teachers OF the
public schools in the city of Whining
ton, and to regulate the collection,
management aud disbursement there
Of.
BE It enacted by the Senate and
House of Representatives Of the State
OF Delaware in General Assembly met
\ (two-thirds OF each branch thereof
concurring therein):
Section !. The general care and
management OF the retirement fund
OF the public school teachers in the
city of Wilmington is hereby given to
a board of retirement, which shall
consist Of the president and chairman
OF the teachers committee of the
Board OF Public Education I'm the city
OF Wilmington as now constituted, OF
as il shall hereafter be constituted
the treasurer of the city of Whining
ton, the superintendent of public
schools I'm the city of Wilmington and
three members Of the teaching staff
of the public schools of the city of
| WHICH ldhl-lldlntQ snail
be chosen by ballot at a meeting OF
the teachers, called sometimes during
the month OF May of each year by the
superintendent of public schools. At
this meeting any vacancy In the mem-
bers Of the board OF retirement to be
chosen from among the teachers. shall
be elected by ballot The three mem
bers chosen at the first election FROM
! fhn fnurhovo 81,
by lot one member who shall serve for
two years, and the remaining member
who shall serve for one year. and
thereafter one member shall be cleo
ted each year. Said board shall es-
tablish from time to time such rules
and regulations for the administration
Of said fund Of annuities granted i'm
pursuance of this act.
The treasurer Of the city Of VIII
mington shall receive and hold all
moneys belonging to said fund and in
vest the same by direction of said
board of retirement in national. State
county or municipal bonds, or bonds
accompanied by first mortgages on i'm
proved real estate to am extent not
to exceed siXty-five per cent. of the
value thereof, or I'm such investments
as are legal for savings banks in the
state OF Delaware. He shall make
payments from said fund only when
directed by said board of retirement.
lie shall report in detail TO said board
OF retirement annually I'm the month
OF May, or ofteuer IL required by said
board the condition Of said fund and
the Items OF the receipts and disburse-
ments OF the same,
Section 2. The retirement fund
shall consist Of the following with in
terest, income and profits thereof
81, All money pay. compensation
or salary, or any income thereof. for
feited. deducted. reserved or withheld
for any cause from any teacher of the
public schools of the city OF viii
mingtOn. I'm pursuance of any rule or
order established or to be established
by the Board OF Education. The Board
OF Public Education i'm the city Of Will
mington shall certify monthly TO the
city treasurer Of the city of Whining
tom the amounts so forfeited. deducted.
reserved or withheld during the pre-
ceding month. and said amounts shall
be turned into said retirement fund.
.. All moneys received from dona-
tions, legacies. bequests. gifts. de-
vises or otherwise for or on account Of
said fund.
"S. The sum Of FIVE thousand dollars
yearly TO be provided for by the Coun-
ell of the city OF Wilmington
- One per cennm Of the salaries
of all teachers OF the public schools of
the city of Wilmington who have been
! teaching in said public schools ten