The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1917-03-13
WILL NEED FUND
OF 100000
Vermont Teachers of Present Day Can
Scarcely Hope to Share in Pen
sion Distribution.

BURLINGTON. March ia fund
of practically 100000 will be required
to supply suitable pensions to Vermont.
teachers, provided the interest alone
is used for the purpose
This fact was brought out at the
meeting here Saturday of the special
committee on pensions consisting of
David B. Locke of Rutland, Edmund c.
Mower of Burlington, Redfeld Proctor
of Proctor, Fred A. Rowland of Mont
pelier, president of the National Life
Insurance company of Vermont; Miss
Bertha +. Terrill, dean of the women s
department of the University of Yer
mont, Supt. NJ. d. Chittenden of Bur
lington, DR.. Milo B. Hillegas, commits
sioner of education; Miss Carrie Wood
ruff of Bradford. The committee was
appointed at a state meeting held in
Rutland year ago last October.
In order to secure data received by
the committee each teacher in the
state has been required to furnish in
formation in regard to time Of service,
age and salary. The data has been
arranged, giving the number of teach
erS in the state, average salary for both
men and women, and average term of
service. As soon as the information in
regard to the teachers who have left
the service during the past five years
can be secured it will be forwarded
at once to the Carnegie people, and
they will complete their report, which
is likely to be the basis of bill to be
presented later to the state legislature
Ill regard to teachers pensions.
1t is impossible to determine whether
this can be brought about in season to
present the bill to the present legisla
ture and that matter has been left en-
tirely in the hands of Senator Redfeld
Proctor and Commissioner Hillegas, to
determine, as soon as the Carnegie re-
port is completed. If bill is not pre-
sented at the present legislature, it
is the design OF the committee TO work
out a bill to be presented at The next
session..
The present methods of raising money
for this cause during the past years
has brought into the treasury the sum
of $3l, 1921, half Of which was con
tibuted by the state, according to the
agreement. At this rate, it will be
seen that the teachers Of the present
day can hardly hope to share in the
distribution of teachers pensions in
Vermont
The plan which is being considered,
and is being favored by a majority
of the committee, is sort of co-opera-
tive insurance investment between the
teachers and the state.
Under this plan, the state would take
over the teachers pension fund which
has already been collected and would
give n fixed sum as a pension to those
teachers in the state who have taught
so years or more beginning at once.
All the teachers in the state would
then give a small percentage of their
salaries into a fund to be handled bv
the state, but to be kept separate
from the state fund. The state would
amount that the teachers contributed,
the regular teachers pensions to come
from this fund, while the contributions
Of the teachers would be kept as a
fund for the payment of annuities on
the amount paid in at the end of 30
years, this to be regulated separately
from the regular teachers pensions.
If a teacher left the service before
the end of 80 years, she would re-
ceive at the time of retiring the sum
which she had paid in, with interest
for the time at + per cent. Under this
plan, teachers who have now taught
the required length Of time would be
able to draw pensions at once, and the
plan could be operated without fnan-
cial loss