Evening journal., 1911-09-21
ANNUTTIES
FOR TEACHERS
New Act Provides for Re-
tirement With Pay In
Later Years
DR.. SHORTLIDGE IS
NAMED THE PRESIDENT

The Board Of Public School Teach
ers' Retirement Fund. provided for in
an act passed by the last Legislature,
held a meeting in the rooms Of the
Board of Education last night at which
organization was effected. The Board
consists OF the following members.
DR.. Evan G. Shortlidge, president of
the Board Of Education; Dr. Thomas
o. Cooper, chairman Of the teachers
committee of that body; George w.
Twitmyer. superintendent of public
schools; W. s. Lednum. city treasur-
and the Misses Sallie Shaw, Ellen
Samworth and Florence Ramo. pub
lie school teachers.
Or. Shortlidge was elected resi-
dent; Or. Cooper. vice-president; AR.
Lednum. treasurer. and Miss Shaw
secretary. Bylaws governing the
board we're adopted at the meeting
Who shall consist the board is pro-
vided for in the act The fund will
consist Of not less than $1,000 yearly.
TO be provided by the Board of Educa-
tion: moneys from donations. legacies,
gifts. etc; $4,000 yearly to be provided
for by City Council, and a certain per
cent. Of the salaries OF all teachers
Of Education and City Council date
from July /. this year. The teachers
will subscribe to the fund as follows:
One per cent. Of the salaries Of all
teachers of the public schools who
have been teaching in the schools tea
years or under; two per cent Of the
salaries of all teachers who have been
teaching more than ten years, and not
more than twenty years; three per
cent of the salaries Of all teachers
who have been teaching more than
twenty years. provided. however, that
no teacher shall be required to pay
more than $50 in any one year. The
Board of Education will deduct from
each and every payroll Of the teach
ers the amount provided In this
/ schedule.
The act provides that the Board of
Retirement shall have power TO retire
any of the teachers who, in the discre-
tion of the board. is incapacitated for
the performance Of duty, and who has
been engaged in teaching for a period
aggregating twenty years. fifteen OF
which shall have been I'm the public
schools of Wilmington. The Board OF
Retirement also may retire any teach
-er who shall have attained the age oi
sixty-five years and who shall have
been engaged in the work OF teaching
for a period aggregating thirty years
The act further provides that th'
Board of Retirement shall retire up1l
his or her application any teache
who shall have been engaged in tn
work of teaching for a period aggre
eating thirty-hve years, twenty o
which shall have been in the publ
| schools Of the city of Wilmington.
Upon such retirement, whether vo
untary or otherwise, the person r.
tired shall be entitled TO an annuii
out of the retirement fund OF the SUI
Of S40O Any person retired afte
twenty years service but with les
than thirty-hve years service, sha
receive an annuity Of the same rati
to the annuity provided for on retire
ment after thirty-five years OF service
as the total number OF years Of ser
vice Of said person bears to thirty
five years Of service.
No annuity Will be paid any teache
who has not paid into the retiremen
fund the sum Of $40O When the tota
contributions of a teacher to the funl
reach the sum of S400. such contribu
tions shall cease.