Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1914-09-26
PRODERS CLEAR
TEACHERS FUND
AT CONVENTION
Special Committee Discounts
Draft Charges Made by Miss
Emma Mccoy.
Special 10 the Evening star.

Special 10 the Evening Star.
TRENTON, Sept. ga clean bill Of
health was today given the manage
ment of the Teachers Retirement
Fund of the State by the committee
appointed year ago at the annual
convention to investigate the charges
made by Miss Emma A. Mccoy. OF
New brunswick, a member of the
fund. The report was submitted to-
day at the annual convention Of the
retirement fund delegates, held in the
Assembly chamber of the State
House. and was presented by Miss
Julia A. Minihan, principal of School
No. ?. Jersey City; Henry NJ. Maxson,
superintendent of the Plainfield
schools; Charles NJ. Dalrymple, prin-
cipal of School No. ?, Hackensack, and
Edward A. Murphy, ex-offlcio, assist
ant superintendent, jersey City
schools. In addition to its verdict to
the effect that the fund is wisely,
honestly and efficiently managed the
report also says 1.-The committee
rests confident in the perpetulty of
the fund"
About one hundred delegates teach
ers from all the twenty-one counties
of the State, were present when State
Commissioner of Education Calvin n.
Kendall, who is q trustee ex-ofiicio of
the fund, called the convention to or
der at noon, according to the sta tute
which regulates the affairs of the re-
tirement fund. Miss Elizabeth Allen,
principal of School No ), Hoboken.
acted as secretary.
Anticipating that Miss Mccoy
would put up Il candidate in OPPOSE
ton to Miss Allen for reelection as
one Of the two trustees to be chosen
today, the credential committee was
asked to go over the list of delegates
and make up an official roster of the
convention. This was done and the
committees report adopted without
opposition.
S. II. j. Neil, superintendent of the
schools of Bridgeton, chairman of to-
days convention, announced the next
order of business TO be the election
of successors to S Emily Potter, of
Essex, and Elizabeth A. Allen, of
Hudson, as representatives of the
teachers in the board of trustees of
the fund.
Misses Allen and Potter Reelected.
Before Mr.. Neil could finish ris an
nouncement women delegates were on
their feet to renominate Miss Pot
ter and Miss Allen. There were no
speeches and to the surprise Of many
delegates there were no other nomi-
nations
Mr.. Neil then announced that in
the absence of any specific rules the
election would be by viva voce vote
unless there were objections There
were none and on the viva voce vote
Miss Mccoy and two or three others
voted in the negative
The law provides that the nominees
shall be appointed to the board by
the Governor. The term of office is
four years. The board of trustees
consists OF eight members in addi-
ton to the commissioner of eduea-
ton. Five of these must be members
Of the fund, and the other three not
teachers nor persons eligible to MEM
bership in the fund.
Reports submitted today show that
for the fiscal year which ended June
80 last the total receipts from men,
bers' dues and interest amounted to
1921. 902. 10. that the sum of $685.
1882 was paid out in s.nuities, and
there was a surplus on the years
business OF s48, 1898. The total as
sets are given as S40S, 45715 and liza
bilities none In comparison with
the report for the fiscal year of 1872
1918 this summary shows marked
advancement.
500 Teachers In Fund.
There are in the neighborhood of 500
teachers in the fund, which is entirely
separate and distinct from the States
pension system for teachers. The re-
tirement fund is in the nature of a
teachers insurance, and with the ex-
ception Of q State appropriation of
about $4,000 yearly for purposes Of
management, clerical hire and gem
eral maintenance expenses, the money
comes entirely from the salaries of
the members, being deducted from
their remuneration on a graded scale
in proportion with the amount they
receive. However, the law requires
that no teacher shall pay more than
$50 o year. Since the establishment
of the fund by Legislative act In 1896
1t is estimated that some. 500 teachers
have received annuities, and in the
neighborhood of a million dollars have
been paid out.
Teachers are eligible to make ap-
plication for annuities when they
shall have been engaged in the work
of any public school of the State for
period or periods aggregating at
least twenty years, and shall, in the
Judgment of the board of trustees of
the fund, have become incapacitated
from performing the duties of a
teacher Six-tenths Of the average
salary for the five years preceding