The First Report of the State Retirement Commission PDF Download
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Author: New Jersey. State Retirement Commission
Publisher:
ISBN:
Category : Pensions
Languages : en
Pages : 13
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Author: New Jersey. State Retirement Commission
Publisher:
ISBN:
Category : Pensions
Languages : en
Pages : 13
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Book Description
Author: Pension and Retirement Fund Commission (N.J.)
Publisher:
ISBN:
Category :
Languages : en
Pages : 24
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Author: Anonymous
Publisher: Legare Street Press
ISBN: 9781020958762
Category :
Languages : en
Pages : 0
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This is the official report of the Pension and Retirement Fund Commission, presented to the US Congress in 1909. It provides an overview of the current state of pension plans in the United States and highlights the need for reform. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Author: New Jersey. Pension and Retirement Fund Commission
Publisher:
ISBN:
Category : Pensions
Languages : en
Pages : 29
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Author: New York (State). State Commission on Pensions
Publisher:
ISBN:
Category : Civil service
Languages : en
Pages : 72
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Author: California. State Employees' Retirement System
Publisher:
ISBN:
Category : California
Languages : en
Pages : 32
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Report for 1955/56 has special title: The first 25 years.
Author: Rhode Island. Commission to Study the State Retirement System
Publisher:
ISBN:
Category : Retirement
Languages : en
Pages : 38
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Author: Massachusetts Teachers' Retireme Board
Publisher: Forgotten Books
ISBN: 9780483674004
Category : Reference
Languages : en
Pages : 392
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Book Description
Excerpt from First Annual Report of the Teachers' Retirement Board: For the Year Ending December 31, 1914 In June, 1913, the General Court, by the enactment of chapter 832 of the Acts of 1913, provided for the establishment, on the first day of July, 1914, of a retirement system for public school teachers employed in the cities and towns of Massa chuset'ts. The general principles upon which this retirement system was founded are the same as those of the retirement system for State employees established in 1912, but there are some changes in matters of detail. Members of the Teachers' Retirement Association by law contribute a Certain per cent. Of their salaries to the retirement fund. The rate of assessment is to be fixed annually by the Teachers' Retirement Board, but cannot be less than 3 nor more than 7 per cent., subject to the provision that no annual assessment shall exceed $100 or be less than $35. For the' year beginning July 1, 1914, the Teachers' Retirement Board officially fixed the rate of assess ment at 5 per cent. Assessments are deducted by the school committees in monthly instalments, and forwarded by the town and city treasurers to the secretary of the Board. Ac cording to the provisions of the statute he transmits each month to the Treasurer of the Commonwealth the amounts received by him, and the latter invests the same in securities which are legal for sinking funds. The law provides that members of the association shall be credited on the last day of each year with interest at the rate of 3 per cent. Per annum on amounts contributed. Membership in the Retirement Association is a condition of employment fort teachers who enter the service for the first time on or after the first day of July, 1914. Teachers in the public schools whose service commenced before that date are eligible to membership by making voluntary application. Boston teachers (except those in State-aided industrial schools) are not eligible to membership in this State system, as the city of Boston has had a local teachers' pension system for a number of years. Members of the association may retire at the age of sixty years and must retire at the age of seventy years. At the time of retirement a member's own contributions with. Interest are used to purchase him an annuity, according to life insurance tables adopted by the Retirement Board. The Commonwealth by law grants a pension equal to the annuity; thus in the cases of new teachers one - half of the retiring allowance is derived from the teacher's own contributions and one-half fro'm's the State treasury. Realizing that many teachers who were in service prior to July, 1914, would not be able to make very many contributions before reaching the retirement age, the Legislature provided that in the case of teachers in service at the time of the establishment of the system, who before retire ment shall have served fifteen years or more in this State, at least five of which must immediately precede retirement, an additional pension will be granted from the State treasury, the amount of the same to depend upon the number of years of service in Massachusetts. For these members, also, the law provides that the minimum ret1r1ng allowance shall be $300 per annum. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
Author: New York State Commission on Extension of the Civil Service
Publisher:
ISBN:
Category : Civil service
Languages : en
Pages : 48
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Author: California. Legislature. Senate. Committee on Labor
Publisher:
ISBN:
Category : California
Languages : en
Pages : 36
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