The Penn's Grove record., 1921-10-14
New Jersey Trustees, at Annual
Meeting in Trenton, Present
Report of Prosperity.
MEMBERSHIP SHOWS GAIN
Investments Reach Total of More
Than Million and All Fear Re-
moved Number Retired
During Year Was ~.

sew Teachers Pension and Annuity
Fund in their report for the year end
ing June 80, 1921. express complete
confidence that the fund has been
established upon Il sound working ba=
sis and thar its condition is such that
all possible demands Of the future
are adequately provided for. The re-
port was submitted at the annual
meeting of the fund held at the State
House. The report shows that the
total paid for pensions for a full year
from July l, 1920, to June 30, 1921.
was 1888, 420.41. while the anluities
paid for a full year amounted to S3S2,-
640.27, making a grand total of pen
sions and annuities of S142 ,060.6S.
IF the experience of the past year
will continue to be the experience Of
the coming years, and there is reason
able expectation that it will, the
amount of annual pensions and annui
ties will seem to have reached its
peak" the report says. In Other
words. if past experiences prevail, il
is not likely that the burden to the
state on account of pensions will
greatly Increase over the present pay
ment."
A remarkable gain in membership
is shown in the report. For the year
ending June 80, 1920, there were 6,43I
members, while in the year following
there were added 4,0G3, making a total
of 10000 members. Withdrawals num-
bered 71S and at the same time these
members withdrew contributions and
interest, as Is provided by law,
amounting to $29,935.35.
The number of teachers retired dur
Ing the year was II, of whom 10 were
men and 81 women. Their aggregate
annual pension is $~2J.3O9.77. Twenty
seven annuitants died during the year
and there are also reported the deaths
of 20 pensioners. On account of these
deaths the fund is relieved of the pay
ment of $2S,072.G6, or a sum greater
than the amount of new pensions and
annuities granted during the year.
The total contributions Of teachers
during the year was S7GS.14S9S, While
the total for the Two wears of HE
operation of the fund is S1,l33,yS0.IS.
Interest brings the Total accumula-
tons for the two Years up TO S1,lGJ,-
200 e7 Tbo end L.Id. ,I,,f.fr, 40
ecbool bonda and ffLar,,. Lands ,..
rasen+ino a ,-ol,o ~ S1.oat =o6
nc do1ora+os j.. rno -
of the fund elected Samuel II. No
Troy, principal of the Madison Junior
High School, Newark. Ills a trustee 10
of tLo ~ Nh lI
gf+r 1ro59..,. ...,f,.l o.. ..-o ...
H,rL-ing 10
'" Id" changes
More changes Tor The Nolum-noAS
ana much amended PIer~on election
law are on the way. me latest re
vision proposed Is intended 10 give
candldates-Slale, cuh-re~>lunaI dis
trict and eouAi%-equaI opportunities
TO head tickets, the drawing for places
10 be on tile basis OF individual mu-
inequalities. ~ASseMhIyllan Arthur y.
tIerson, father Of the new election
law, who is seeking an eighth term in
the House, IS preparing the amend
llt4ls.
= Mr.. Pierson believes with others i'll
terested in political affairs that a
considerable advantage is enjoyed by
the person whose name appears first
on the ballot as a candidate for an
office and he also recognizes the fact
that some aSpirants run better than
others in certain municipalities.
The change in the law would pro
vide that drawings for each munic-
ipality in a county would be held by
a county clerk or the amendment may
authorize municipal clerks TO have
their own drawings said Mr.. Pier
son. In any event, each candidate
would have an opportunity for the
leading place on his ticket in each