The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1939-09-07


ity. service and salary experience
of the members and beneficiaries as
defined in this Act. and shall make
valuation of the various funds Great
ed by the Act. and having regard
to such Investigation and valuation,
the Board of Trustees shall adopt
such mortality and service tables as
shall be deemed necessary. and shall
certify the rates of contribution pay
able under the provisions of this
Act.
Q3) The actuary shall make an
annual valuation of the assets and
liabilities of the funds of the retire
ment system on the basis of the ia
bles adopted by the Board of Trus-
tees in accordance with the require
ments of this section, and shall pre-
pare an annual statement of the
amounts to be contributed to the
pension accumulation fund in accord
ance with paragraphs OBJ, (c) and
this act.
d4) The Board of Trustees shall
publish annually the valuation, as
certified by the actuary, of the as
sets and liabilities of the various
funds created by this act, state
ment as to the receipts and disburse-
ments of the funds, and a statement
as 10 the accumulated caSn and Sc
curities of the funds.
Q5) The Board of Trustees shall
keep record of all of it's proceed
ings and such record shall be open
to inspection by the public.
SECTION 4. MEDICAL BOARD
The Board of Trustees shall employ
a medical board of three physicians
not eligible to participate in the re-
tirement system.
The Medical Board shall arrange
for and shall pass upon all medical
examinations required under the pro-
visions of this act. shall investigate
all essentials health or medical state
ments and certificates by or in be-
his application for disability retire.
ment. and shall report in writing
to the Board of Trustees it's con-
illusions and recommendations upon
all the matters referred to it and per-
form such other duties as may be re-
quired of them by the Board of
Trustees.
SECTION 5. MEMBERsHIP-W
The membership of the retirement
system shall consist of the follow
ing:
(a) All persons who were teachers
at any time during the school year
of 1936-1937. or 1937-1938. or 1888
1899. shall become members as of
July l, 1899. unless, prior to Deem
Der l, 1899. any such teacher shall
file with the Board of Trustees on
form prescribed by such Board, a
notice of his election not to be COW
cred in the membership of the re-
tirement system and a duly executed
waiver of all present and prOSpec-
tive benefits which would otherwise
inure to him on account of his par
ticipatiOn in the retirement system.
CD All persons who are teachers
on or after the first day of July,
nineteen hundred and thirty-nine ex-
ccpt as provided in subsection (a)
hereof. shall become members of the
retirement system by virtue of their
appointment as teachers.
CD a teacher whose membership
in the retirement system is contin-
gent on his own election and who
elects not to become a member may
thereafter apply for and be admitted
10 membership. but no such teacher
shall receive prior service credit I'M
less he is admitted to membership
as of date before the first day of
July. nineteen hundred and forty.
CD The membership of any per-
son in the retirement system shall
cease if he shall be continuously
of more than two years; or if in
any five-year period after he last
became member he shall render
less than three years of service as a
teacher; or upon the withdrawal by
member of his accumulated con-
tributions as provided in Subsection
CD of Section of this act; or upon
retirement or upon death.
"a The Board of Trustees may
in It- Il
become members to any class of
teachers who are serving on a tenn
porarX or any other than a per an
mum basis, and it may also in it's dis
erection make optional with members
in any such class their individual
entrance into membership.
SECTION g. MEMBERSHIP APP
PLICATION AND CREDITABLE
SERVICE-D Under such rules and
regulations as the Board of Trus-
tees shall adopt. each teacher upon
becoming a member shall file with
the Board of Trustees an application
showing date of birth and such 9TH
er necessary information as the
Board of Trustees may require for
the proper operation of the retirement
system. Until such application is
filed no teacher nor his beneficiary
shall be eligible to receive any
benefits under this act. If a MEM
Der was a teacher durin0 the school
year 1936-1937. or 1887 1888, or 1898
1888 and becomes a member before
the first day of July, nineteen hun
dred and forty, he shall itemize on
such application all service as a
teacher rendered prior to the date of
establishment of the retirement sys-
tenn. including service in a similar
capacity in other states rendered by
him prior to the first day of July,
nineteen hundred and thirty for
which he claims credit.
% The Board of Trustees shall
fix and determine bv appropriate
rules and regulations how much
lent of year of service, but in no
case shall it allow any credit for a
period of absence without pay of
more than one year of service for
all service in any school year.
CD Subject to the above restric-
ton and to such other rules and
regulations as the Board of Trustees
shall adopt. the Board of Trustees
shall verify. as soon as practicable
after the filing of the application. the
statement of service therein claimed
and shall issue to each member wNo
was a teacher during the school year
immediately preceding the date of
establishment of the retirement sys-
tenn and who became a member be-
fore the first day of July, nineteen
hundred and forty, prior service
certificate certifying the length of
service with which he is credited on
the basis. of his statement of serv-
ice; Such prior service credit shall
include credit for service. rendered
prior to date of establishment. as
a teacher within the State of Florida
or in n similar capacity outside the
State but not more than ten years of
credit for service outside the State
shall be included. Credit for prior
service outside the State of Florida
NAV be claimed only by a person
employed as a teacher by a County
Board of Public instruction in the