Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1915-04-28

aquarter per Of the school collected shall when paid
into the treasury, l apart >cnannualv 10y the
special fund for the purpose Of this Act.
. All donations. lcgacics and gifts which shall lr made
this fund SHALL when paid into the treasury he seta apart
10y the special fund for the purpose Of is Ac
J. One per per of tc respective salaries paid
inspectors principals teachers and special teachers regularly
employed in the public schools of this Territory SHALL when
paid into the treasury he apart 10y the special
fund for the purpose Of this Act except that deduction shall
I've made from the salary of any of the aforesaid EMPLOYEES
unless authorized by his her written the
l. All moneys which be obtained from other
by means duly and legally devised by said board with
their for the increase Of said fund shall when paid
into the treasury he set apart by the treasurer special fund
for the purpose of this Act:
The treasurer shall keep all funds over and above the
amount required for the payment of pension, under this Act
invested interest bearing bonds issued by the Federal Gov
the Territory, any subdivision thereof shall
deposit interest any savings bank savings banks
doing business within the Territory
Section l. The department public instruction in max
ing pay rolls for inspectors principals teachers and special
teachers herenbeorc mentioned shall deduct semanna
the months of November and May from the salary Of each of the
said employees (who has signihed his writing,
which shall be deemed application for pension),
equal onehaf of per of his her annual
salary, and shall certify the of such deductions and
the of such persons from whose salaries such deductions
have been made and such certificates shall accompany said
pay rolls the auditor of the Territory who shall draw
for the of such deductions certified pay
able the of the Territory who shall hold the
subject the disposal of the said board herein
before specified
SECTION s. The department of public shall
to retire from service any Inspector principal teacher
special teacher who shall have served in such capacity
the of
period of twenty-five years. and such person retired shall
become pensoner under this Act provided twenty years of
such service shall have been spent the public schools of this
Territory
SECTION g. Any Inspector principal, teacher. special
teacher who shall have served in such capacity capacities
in the schools of this Territory elsewhere in the United
States, for period of thirty years. voluntarily retire from
service in the public schools and become pensoner under this
Act provided twenty years of such service shall have been
spent in the public schools of this Territory.
SECTION T. No pension paid under this Act shall exceed
forty per of the salary the pensoner receiving
1T at the time of retirement from service shall any pen
sion exceed the of four hundred dollars per annum and
further all pensions all times shall be the per
of the salaries of the several pensioners the time of
retirement except in where the pensions that
would exceed four hundred dollars per
If the of money contained in this fund shall become
at any time inadequate fully carry out the provisions here
nbeore mentioned and in the Legislature of the Terri
tory fails to appropriate sufficient make up such
deficiency then the of said fund shall then pay pro
rata the persons entitled participate in said fund such
amount in their judgment the condition of the fund will
warrant and such payment shall be in full of all pensions then
due under the provisions of this Act.
SECTION s. No person shall become peusioner under this
Act who has contributed to the fund hereby created
amount equal twenty per cent of his or her salary
the time of retrement but such person. otherwise
qualified who has been who shall have been in the service
of the department of public instruction prior July l. 1916
become pensoner under this Act by making cash pay
the said fund the time of retirement Of such
amount his her previous contributions MAY have fallen
short of the required twenty cent of his her salary per
the time of retirement provided however, that such