Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1919-03-10
TEACHING PROFESSION MUCH IN.
TEREsTEo IN PLAN TO gao
VIDE ron OLD AGE.
FUND 70. Dc CREATED
~ TEACHERS THEMSELVES
State Administration Welfare Assoei.
alton Proposed, With Future esns'
fieiariss Contributing From I to 3
Per Cent Of Their Wases--Fund to
Provide Lump Sum in Twenty Years.
special TO Times. Republican.

Special to Times Republican.
Des Moines, March 10.-Thc school
teaching profession is much interested
in the bill Of Senator Grencll. of Gin
ton county, which friends of the meas
ure declare will put the teaching pro-
fession on an independent and self
this, the friends point out, the plan
adequately conserves the interests OF
tho eAildren who attend the public
schools and will relieve school author
tiles of the disagreeable necessity of
removing teachers who have become
fncapacitated but for whose support
there is no possible provision. SEN
ator Grenclls measure docs this with
ont establishing pension for teachers,
His plan provides for the establish
inent Of state administered welfare
association for Iowa teachers. Mem
bers OF the association will pay into it
from to per cent of their salaries
as they themselves may decide, II
within twenty years they decide to
quit teaching the state will pay them
back their money with Az per cent
compound interest.
II, after teaching between twenty
and twenty five years they want to
retire the state will pay them back
their money with four and a half per
cent interest and bonus amounting to
one-quarter Of the amount paid in. II
they retire after teaching between
twenty five and thirty years they will
get back their money and interest and
bonus Of fifty per cent of the amount
they have paid in. II they quit teach
ing after serving between thirty and
thirty five years they will get their
money back and interest and bonus
Of seventy-five per cent of the amount
they have paid in. And if they teach
for thirty-five years and retire they
back pay amounting to 100 per cent Of
the amount they have paid into the
fund not exceeding $1,000.
Supporters of the Greenell bill see
in it only plan to put the teachers Of
the state on somewhat the same foot
ing as judges and army officers. Since
they give their whole time to the staN
they are unable to build up a business
whose earnings may provide them with
income after age has inca pacitate ted
them for service
Inasmuch as teachers are VIGOROUSLY
undergrad the Greenell plan merely
provides for giving them at the end of
twenty, twenty-five. thirty or thirty
five years service in a lump sum a
! small shares of the wages which have
been earned but not paid during their
service. provided they put into the
hands Of the state. from one to five
per cent Of their annual earnings to
accumulate a fund by which to meas
ure the amount-that the state shall
give them when they retire.
The Greenell bill provides for a nom
paid commission of state officers to
administer the fund and that the state
shall keep the money OF the fund loan
ed out. The margin of earnings to the
profit Of the state. i is estimated, will
soon provide the funds for liquidating
all of the obligation to the teachers
incurred under the plan. The measure
will probably take the place of all
teachers pension legislation.