Milford chronicle. [volume] (Milford, Del.) 1878-1974, 1929-02-01
TEACHERS FAVOR
' RETIREMENT BILL
Measure Embracing Entire State
Considered = Proposed Act Dis
cussed At Conference Called By
Dr.. David A. Ward And John
Shilling.

/ A proposed state. wide retirement
bill for teachers of the public
schools was approved by the princi-
pals of the schools of Wilmington at
a meeting held in the Wilmington
High School, which was addressed
by John Shilling, Assistant Superin-
\ tendent of Public Instruction, who
drafted the bill.
The meeting was called by DR..
David A. Ward, superintendent of
Wilmington school. The proposed
bill was drafted by Mr.. Shilling fol-
| lowing recommendations by the Car
negie Foundation for the Advance
ment of Science. II will be present.
ed to.the Legislature for considera-
ton.
according to the DILL, membership
under the retirement system is OPP
tional. A member may retire ut 60
years of age, but must retire at the
age of 20 years. Each member pays.
five per cent of his or her yearly
salary into the retirement fund. The
fund was approved by the state
teachers last month at their meet
ing at Newark
In sponsoring the retirement fund
bill, it is pointed out that Delaware
is the only state in this section OF
the country without state wide re-
tirement measure. Wilmington mas
limited measure for retiring teach
ers but is considered inadequate Ito
fulfill the needs.
Professors and instructors in the
University of Delaware could join
the system, provided the Board of
Trustees so desired. The Wilmington +,
Retirement Fund will be unaffected
unless two-thirds OF the membership
of it request[th it be merged with
the State retirement system in which
case, provision is made for merger
The retirement allowance is not a
pension. It,is an annuity bousht by (
payments made through al humber 5
of years by the member and his EN-
ployer. Each teacher, if a member of
the system will have to pay five per
cent OF. his or her salary. The 1e-
tirement is upon age = rather than.
upon service. -. ...
Other features cOf the bill are: q ..
If member Withdraws. from the
he or she may withdraw Ills
accumulations by per cent
If a member should die before res
tirement, his orr herG accumulated
with interest, would
De paid to his or her estate.
The system pays for permanent
disability.
If a member retired because of
and then engaged in an
,ther remunerative activity, lis or
Ter allowance would be subject toTE
81,
A cmemberswho retired because. of z,
lge can engage in any other renun-
.ratiye activity. e ~A=''a- ''~zs@' 's-
Age, not service, the only factor
n the system. ~
In answer to question of how
much annuity could a member ex- |
ect, Mr. Shilling explained it as fol. {
Ows:
some example may be used; others
night be computed The example is {
S follows: A person beginning ser t
ice at age 27, on the salary of q
1,165 per year, contributing for
years without any in v
rease in salary, could at age so, re- h
Give an annuity of $692.S per year a
II the rest of his life. If in the 3
purse of events his salary increas- t
i-say to $1,700, at age sixty, his
nnuity would be $3.50 per year, but y
he continued service until age Il
evenly under about the. same con-
itions, his annuity would be
round $2,089 per year. 1t is posi-
lie to take smaller or larger figures
nd estimate approximately what the >,
lnuities might be.
Mr.. Shilling explained that a re- b
rement measure will insure a bet g.
r school system. d
A similar bill was introduced into
e General Assembly two years ago =
1t was not successful.