Connecticut Teachers' Retirement System: 1921 (Classic Reprint) - Softcover
Excerpt from Connecticut Teachers' Retirement System: 1921
Sec 4 The funds of the retirement system shall consist of an G 8 Sec expense fund, an annuity fund and a pension fund. (1) The expense fund shall consist of such amounts as shall be appro priated by the general assembly from year to year on, estimates submitted by the retirement board to defray the expenses of the administration of this chapter, exclusive of the payment of retire ment allowances. (2) The annuity fund shall consist of assess ments paid by members Of the retirement association, and in terest derived from investments of the annuity fund. Each member of the retirement association shall pay into'the annuity fund in the manner provided in section eight, five per centum of his annual salary; provided when the. Total'sum of asssessments on the salary of any member at the rate of five per centum would amount to more than one hundred dollars or less than twenty five dollars for any school year such member, shall in lieu of assessments at the regular rate, be assessed one hundred dollars a year or twenty five dollars a year, as the case may be, payable in equal installments to be assessed for the number of months during which the schools of the community in which such mem ber is employed are commonly in session. Any member of the retirement association who shall for thirty years have paid reg ular assessments to the annuity fund as herein provided, shall be exempt from further assessments but such member may there after if he so elects, continue to pay his assessments to the fund. NO member so electing shall pay further assessments after the total sum Of assessments paid by him shall at any time have amounted with regular interest, to a sum sufficient to purchase an annuity of five hundred dollars at age sixty; and interest thereafter accumulating shall be paid to the member at the time of his retiremant. (3) The pension fund shall consist Of such amounts as shall be appropriated by the general assembly from time to time on estimates submitted by the retirement board, for the purpose of paying the pensions provided for in this chapter.
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Sec 4 The funds of the retirement system shall consist of an G 8 Sec expense fund, an annuity fund and a pension fund. (1) The expense fund shall consist of such amounts as shall be appro priated by the general assembly from year to year on, estimates submitted by the retirement board to defray the expenses of the administration of this chapter, exclusive of the payment of retire ment allowances. (2) The annuity fund shall consist of assess ments paid by members Of the retirement association, and in terest derived from investments of the annuity fund. Each member of the retirement association shall pay into'the annuity fund in the manner provided in section eight, five per centum of his annual salary; provided when the. Total'sum of asssessments on the salary of any member at the rate of five per centum would amount to more than one hundred dollars or less than twenty five dollars for any school year such member, shall in lieu of assessments at the regular rate, be assessed one hundred dollars a year or twenty five dollars a year, as the case may be, payable in equal installments to be assessed for the number of months during which the schools of the community in which such mem ber is employed are commonly in session. Any member of the retirement association who shall for thirty years have paid reg ular assessments to the annuity fund as herein provided, shall be exempt from further assessments but such member may there after if he so elects, continue to pay his assessments to the fund. NO member so electing shall pay further assessments after the total sum Of assessments paid by him shall at any time have amounted with regular interest, to a sum sufficient to purchase an annuity of five hundred dollars at age sixty; and interest thereafter accumulating shall be paid to the member at the time of his retiremant. (3) The pension fund shall consist Of such amounts as shall be appropriated by the general assembly from time to time on estimates submitted by the retirement board, for the purpose of paying the pensions provided for in this chapter.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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- PublisherForgotten Books
- Publication date2024
- ISBN 10 1333245750
- ISBN 13 9781333245757
- BindingPaperback
- Number of pages25
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Connecticut Teachers' Retirement System: 1921 (Classic Reprint)
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Forgotten Books
(2018)
ISBN 10: 1333245750
ISBN 13: 9781333245757
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Book Description Paperback. Condition: New. Print on Demand. Excerpt from Connecticut Teachers' Retirement System. About the Publisher, Forgotten Books publishes hundreds of thousands of rare and classic books. This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works. This text has been digitally restored from a historical edition. Some errors may persist, however we consider it worth publishing due to the work's historical value. The digital edition of all books may be viewed on our website before purchase. print-on-demand item. Seller Inventory # 9781333245757_0
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