The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1921-11-17
EDUCATIONAL.
(By LILLIAN L. CHLoUPEKJ

CltIhS muSJ TeIneluDST ltldI bllG ht
duction must be made and sent to r
E. Loveland, Secretary Public School
Retirement Fund, Madison, every
month. Make the draft or money
order payable to the Treasurer of
the State of Wisconsin. A few school
officers are not yet clear upon this
matter, No deductions need be made
if the teacher is a Junior. CA junior
teacher is one who was not 25 years
of age or over before July /, 1929
A senior teacher must come under
the new law this year unless she was
hired before the law went into effect
July 7th, 1921. Any senior teach
er, however, who was under the old
retirement fund law and does not
elect to come under the new law,
must pay the one or two per cent as
she would have done under the old
law. This amount must be deducted
from her salary every month and sent
in just as the five per cent deduction
would be sent in.
School boards should require a
statement in writing from senior
teachers who were hired before July
7th and who elect not to come under
the law this year This will be a
protection to the school board when
within a few years the teacher may
regret inaction in regard to the mat
ter. In all such cases the school
board is liable unless they have a
statement to show that the teacher
elected not to come under the law.
The following partial explanation
will answer the questions that have
come to hits office concerning the
law.
l. Will | receive my money back
if do not teach 25 years? Ans. Yes.
You will receive all you put in with
interest, upon proper application, any
time you stop teaching. The states
deposit must stay in the treasury un-
til you reach the age of fifty. You
will then receive for it any annuity
it will buy for you at the time. In
case of disability through sickness or
accident the states deposit as well
as your deposit is available for you at
any time.
2. Does the state make a dollar
for dollar deposit for me? The fol-
lowing example will answer the ques-
ton concerning the states deposit.
Miss B is senior teacher teaching
her tenth year. She is receiving $120
per month this year for a nine month
term. Miss B will pay to the fund
this year five percent of $120 each
month. The total amount will be
$54.00. The state will make for
Miss B a deposit based upon three
separate things.
1st-Fifty per cent Of the
amount she pays in................$2700
2nd-Five percent of the
amount she pays in this year,
for each year of previous ex-
perience. 60 years. 9x596
equals 45Go.
4596 of $54.00...................... 24.3O
(Note-If Miss B were receiv-
ing more than $1,000 per
year, the state would sub
tract one percent from her
45% for every 500 she
earns above $4,000
3rd-$25 extra will be depos-
tied by the state if she teach
es full year. CAT least
100 days. ............................ $500
Total states deposit for
Miss b .............................$76.30
The above will answer a number of
questions sent to this office. The
County Superintendent will be glad
to answer any other questions con-
cerning the law through the Bulletin
or by personal letter. Teachers and
school board members should read
carefully the directions on the pay
roll report. Teachers should see that
the School Clerk gets this report
promptly. Remind the clerk, if nee
essary, to send this to Mr.. Loveland
each month if you are under the law
as a one percent, two percent or
three percent teacher.
pie. On the occasion Of the visit Of
Joseph Chamberlain to the United
States, a comparatively short time
ago, Jones patriotism increased in
intensity and he wrote articles incen-
diary in their character. No doubt
many lrishmen sincere in their love
for Ireland "pointed with pride" to
this demagogue who was planning the
whole time to destroy the cause he
professed to be so interested in.