Evening journal., 1911-01-19

years or under; two per centum Of
the salaries of all teachers who have
been teaching more than ten years and
not more than twenty years: three per
centum of the salaries of all teachers
who have been teaching more than
twenty years. The Board OF Public
EducatioR of the city Of Wilmington,
after September 1, 1911, shall deduct
from each and every payroll of the
teachers the amount provided in said
schedule in this paragraph herein
before mentioned out of each and
every amount earned and credited to
each teacher in the period covered by
said payroll Said Board of Public
Education shall certify monthly TO the
treasurer of the city of Wilmington
the amounts so deducted. and said
amounts shall be turned into said re-
tiremeut fund.
each contract made by the Board
OF Public Education with teachers
shall specify that the sums i'm this
paragraph provided shall be deducted
from each and every teachers salary.
lThe board Of retirement by bylaws
or other regulations, shall provide the
method and amount of reimbursement
of any contributor to the retirement
fund who shall retire from service as
teacher and shall not be in receipt Of
or entitled TO an annuity under this
act, and also provide for the return
to the service of a contributing teacher
so retired.
IS. All such other methods of in
crement as may be duly and legally
devised for the increase of said fund,
Section 3. The board of retirement
shall have power to retire any of the
teachers of the public schools of the
city of Wilmington, who. i'm the dis
creation of said board. is incapacitated
for the performance of duty. and who
has been engaged I'm the work Of teach
ing for a period aggregating twenty
years. fifteen Of which shall have been
in the public schools of the city of
Wilmington. The board of retirement
may retire any teacher who shall have
attained the age of siXty-five years.
and who shall have been engaged in
the work of teaching for a period ag-
gregating thirty years.
'"rhe board of retirement shall re-
tire. upon his or her application, any
teacher who shall have been engaged
in the work Of teaching for a period
aggregatlng thirty-five years, twenty
Of which shall have been in the public
schools Of the city Of Wilmington.
Section 4.-Upon such retirement,
whether voluntary or otherwise, per-
son retired shall be entitled to an an
nuity out of the retirement fund Of
the sum of four hundred dollars Any
person retired after twenty years of
service, but with less than thirty-five
years of service, shall receive an an
nuity which bears the same ratio 20
the annuity provided for on retire
ment after thirty-five years of SER
vice, as the total number Of years Of
service Of said person beais to thirty
five years.
"The annuities provided for in this
act shall be payable at such times and
in such manner as the bylaws shall
prescribe.
IF the moneys IN the retirement
fund be inadequate at any time TO
fully carry out the provisions of this
act as herein provided, the board of
retirement shall then distribute said
moneys pro rata TO the persons en-
titled to participate in said fund. and
such distribution shall be in full for
all annuities then due.
"No annuity shall be paid to any
teacher who has not paid into the re-
tirement fund at least the sum Of four
huadrad dollars