The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1911-01-05
EDUCATIONAL.
BY G. w. MEISNEST

Teachers Insurance and Retirement
Fund Bill.
Section 460-l, 2. Every teacher shall
be assessed upon his or her salary for a
period of twenty-five years as follows;
One per centum per annum (but not
more than Sl5) for the first ten ll0)
years, or upon the salary Of every tea
cher who shall not have taught in eX-
cess of ten (10) years; and two per cent
um per annum (but not more than 500
for the next fifteen Q5) years, or upon
the salary of every teacher who shall
have taught in excess of ten (l0) years
The total amount paid into said fund
by each teacher shall be based upon
said twenty-five years of service with
assess nents as provided in this sub-sec-
tion; provided that such total amount
shall not be less than the full amount of
the annuity to which such teacher shall
be entitled for the first year.
4. Any teacher who is in active ser
vice in said public schools when this
act takes effect, may, at any time be-
fore September Isl, 1912, elect to come
within the provisions of this act, by
notifying in writing the board Of trus-
tees of the teachers insurance and re-
tirement fund.
5. At the time of giving said notice
to the board of trustees as herein pro-
vided, such teacher shall notify the
local school board or any other manag-
ing body in writing of his or her elect.
ion to come within the provisions of
this act; and shall authorize said school
board or any other managing body in
said notice to deduct from each pay
ment of salary which is due him or her
a sum equal to said per centum of such
payment as provided in subsection of
this section.
Section 1908. The state treasurer
shall annually set aside from the seven
tenths mill tax, or from any general
state tax levied for the support Of said
schools, ten cents for each person of
school age in this state.
Section 460-I2. Any teacher coming
from schools not included under the
provisions of this act shall pay ASSESS
ments for said years of service in such
schools, as provided in section 46O-l3,
based upon his or her first annual sal
airy in said public schools, together
with the regular assessments, as pro-
vided in subsection , of section 46O-l,
before receiving any retirement an
nuity.
Section 460-l3. Any teacher who
may be teaching in said public schools
and who has complied with the provis-
ions of these sections may retire and
receive the annuity provided for in the
following cases;
~ After period or periods a"gre-
eating twenty-five years of service as
teacher, of which eighteen years must
have been spent in the public schools
of this state, provided that payments
by said teacher to the fund have a
mounted to a sum not less than the full
amount of the annuity to be received
for the first year; and in case said pay
ments shall not have amounted to said
sum, the teacher shall pay into the
fund the deficiency before receiving
the annuity under subsection / Of sec
tion 460-l4
(2) After eighteen years of service
as a teacher in the public schools of
this state, when such teacher suffers
from a permanent mental or physical
board after an examination of two
physicians appointed 10y said board,
provided that payments 10y said teach
er to the fund have amounted to a sum
not less than the full amount of the an
nuity to be received for the first year;
and in case said payments shall not
have amounted to said sum, the teach
er shall pay into the fund the de1icien-
cy before receiving the annuity under
subsection | of section 46O-li. The ex-
animation fees of such physicians shall
be paid by said applicant.
Section 460-l4. H. Each teacher re-
firing from the service of said public
schools under the provisions of subsec-
tions | and of section 46O-l3 shall an
nually and for life be entitled to re-
ceive as annuity twelve dollars and
fifty cents (Sl2.50) for each year of ser
vice as teacher; provided that said an
nuity shall not exceed four hundred
and fifty dollars $50 in any one year,
subject, however, to all the provisions
of this act.
3. Any teacher who shall cease to
teach in said public schools before re-
ceiving any benefit or annuity from the
fund, shall, if application be made in
writing to the board of trustees within
six months after the date Of his or her
resignation, be entitled to the return
Of one-half of the amount, without in
terest, which shall have been paid into
the fund by such teacher. In case such
teacher shall again thereafter teach in
said public schools, he or she shall,
within one year from the date Of his or
her return to the service in said public
schools, refund TO said fund the amount
so returned to such teacher, together
with simple interest on said amount