Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1915-02-23


some adequate insurance provision
should be made for teachers
against disability and old age has
awakened considerable interest. at
least among teachers. and merits
very careful consideration on their
part. As a result of a somewhat SUI
perficial examination Of the subject. !
venture to submit the following out
line plan, as my modest contribution
To a very important matter:
/. Term OF Service.
The term of service shall be twenty
five (25l years, aggregating two hun
dred fifty t25o) months. Of which one
hundred u00l months shall have been
served in the territory.
On the mainland the average term
of service required is thirty 1907 years
instead OF twenty-five (25l. but there
the year ordinarily consists OF nine
months instead of ten, as here. In
many states there is no provision re-
curing any fixed proportion of service
in the state But here. where We afs
liable to a more unstable or even no
madic service a provision of this kind
would be necessary to protect our in.
terests. ....a
~. Disability. "t-
After fifteen (15) years of service,
ten (l0) of which shall have been
completed in the territory. a disabil.
tty allowance shall be given of four
per cent (49e1 of the total annuity.
for each year of actual service. =
In the states. even in the case OF
disability, annuity allowance ia made
only after fifteen (15) or twenty t2el
years Of service This is manffestiy
unjust, as the annuitant has contrib
uted in good faith and should be enti.
surrender value"
10. Amount Of Annuity.
Full annuity shall be six hundred
dollars ($600) per year. In the states
there is a good deal of range in the
amount of the annuity. In many cases
il is the proportion to the amount paid
in. or to the salary received. An
average of the fat rate annuitie5
would be about five hundred dollars
(S500), but the higher cost Of living
here would seem to warrant some
what larger annuity.
II is an open question whether a
sliding scale annuity should not be
adopted, instead Of fiat rate. Mani
testify some teachers are more yalu-
able than others. are entitled to larger
salaries and will contribute larger ag-
gregate amounts toward the insurance
funds-should they not be entitled to
a larger participation in the benefits?
To this end perhaps they should re-
ceive an annuity equal to one-half the
final annual salary, when that salary
exceeded twelve hundred dollars
$4,000 year.
~. Premiums Payable by Teachers.
The annual premiums payable by
teachers shall be as follows:
0ne-half per cent Of salary for first
five years Of service. q
One per cent of salary for FIVE to
ten years OF service. ii
Two per cent Of salary for ten to fif-
teen years Of service.
Three per cent of salary for fifteen
to twenty-five years of service .s
These payments are considerably
higher than those current in the states
where commonly I per cent only is re-,
quired. But on the other hand. the
period of service is longer there.
Though, ON the face, these percent
ages, as given above, will average
nearly per cent. IL should not be for
gotten that the one-half per cent con-
tributions win be In excess, because
many young teachers will drop out In
the first period ..- - :. III, & 81
1t may be we'll to point out that
these high percentages OF premium
will practically insure the financial
independence and self sufficiency of
the scheme. State aid, if required at
all, would be reduced to a minimum,
and in any case would not be needed
for many years Any such amount OF
state aid as might be required could
readily be forecast year or two in
advance and such special provision
made as might be necessary. Perhaps
some assistance might be expected
from special gifts and requests. =
v. Refunds. .+G.-- .-~ >, ---.a. +.
One-haH of total amount paid in to
be returned to any teacher on resig.
nation or dismissal before expiration
of 25.year term. s.-
VI. Participation Optional. .,-. -,
II shall be optional for any teacher
to participate In this insurance
scheme, option being open for one
year. Having once adopted the
scheme, continuance to be compuI.
sorry. - .@r. =
VII. Board Of Management. &
There shall be an insurance board
to consist of two members of the
board CT education, four principals Of
public schools, one from each of the
islands, Hawaii, Maui. Oahu and
Kauai, which board shall have charge
Of the funds and transact the business
involved in the plan
In conclusion / would like to voice
what believe is very general salts.
faction on the part of the teachers in
the prospect of such insurance and a
large measure of gratitude to Mr.
Brandt for developing the proposition
Yours, Xxx.