The Bridgeport evening farmer., 1917-04-05
STATE TEACHERS ARE LIkLEY TO
 OBTAIN PENSION
Committee on Education De- cides to Report Favorably
 Upon Proposed Law.
0Sneoial to The Farmer.)

Hartford, April 5.-The Connectlcut teachers are likely to have estaio- lished, by law, at this session or the general assembly, a pension fund.- Inc on education at an execu-
 tive session this week, decided to re-
 port favorably upon the blll Wmcn
 would create a retirement board. and
 provide for a pension by a levy upon
 teachers salaries and by Q state con-
 tribution, which, it is estimated, Will
 reach, in a few years, about $zo,ooo
 annually. The minimum pension IS
 $500.
 The bill establishes a state teachers
 retirement board, to consist Of nve
 members, including the insurance
 commissioner the bank commissioner,
 and the secretary of the state board
 of education. The other two members
 of the boand will be appointed by the governor from the teaching force o1 the state. The management of the re- tirement system will be in this board The members of the board will serve without compensation, but they will be allowed their expenses and be re1rn- bursed for loss of salary incurred through their services as members o1 the board All claims for reimburse
 ment will be subject to the approval o1 | the governor.
 1 The funds of the retirement system will consist of an expense fund, an
 annuity fund, and a pension funo. The expense fund will consist of such
 amounts as shall be appropriated by the general assembly from year to
 year on estimates submitted by the
 retirement board to defray the ex-
 penses- of the administration of this
 of 0P fta
 tirement allowances. The annuity
 fun|1 will consist of assessments paid
 by members of the retirement assocla-
 ton and interest derived from invest
 ments of the annuity fund. Each
 member of the retirement association
 will pay into the annuity fun Re1
 cent of his annual salary A member of the retirement association who has paid assessments to the annuity fund for 30 years will be exempt from fur ther assessments.
 The pension fund will consist of such amounts as shall be appropriated by the general assembly from time to time on estimates submitted by the retirement boarid, for the purpose of paying the pensions provided for 1n this act.
 Any member of the retirement asso- citation may retire from service Tn the public schools on attaining the age or 50 years or on the completion of B years of service in the public schools of the state.
 Any member of the retirement as. sociation, if incapable of rendering satisfactory service as a teacher, may, with the approval of the retirement board, be retired by the employing school board on attaining the age of 55 years or at any time thereafter Any member of the retirement asso- citation on attaining the age of 7a years, will be retired from service in the public schools; provided, however that if the employing committee shall so request in writing, the retl1 ement board may permit the employment 9 such member beyond the age of 7e \ years; and provided that on the re- ! tirement of the member he will re- ! ceive from the state the pension t' \ which he would have been entitled al \ the age of TO-
 Any member of the retirement asso E citation who withdraws from service ir the public schools, will, on being re-
 employed in the public schools, be re- : instateAd in the retirement association
 in acordance with such plans for re instaternent as the retirement board shall adopt.
 If a member of the retirement asso- citation dies before retirement, the full amount of his contributions to the annuity fund with regular interest te the day of his death will be paid tt the executor or administrator of his estate; if, however, no demand will be made on the retirement board within six months next following the death o1 such member, for the payment of ths ] sums due these sums may then b' paid to such person or persons as are apparently entitled to the estate, ana
 such payments will be a bar to recov cry by any other persons.
 l Town and cities having local pen sion systems for teachers may on ap 5 plication be exempted from the act.