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be collected by the same officials and at the same time and in the same manner as other taxes in said State, all moneys received from the tax hereby levied to be paid into and become a part of the said teachers' insurance and retirement fund.
The assessments upon the members of the fund association hereinbefore referred to shall be paid in as many equal monthly payments as there are months in the school year for which the teachers' salaries are paid, and such assessments shall be deducted by the several boards of education or managing bodies from the salaries of teachers aa hereinafter provided.
Credit on period of service may be allowed to applicants for membership for periods of employment prior to the taking effect of this law; but in such case the applicant must pay arrearages at the above rates for the period of service for which credit is so allowed under rules to be adopted by the board of trustees, hereinafter referred to, and the rules adopted by said board shall be uniform in their operation as to all persons affected. In case any teacher has retired for any cause before he or she has paid in fees a sum equal to the full amount of fees required for the annuity applied for and to which such teacher is entitled by period of service, there shall be deducted from the first year's annuity to such teacher such sum as will make the total amount paid by said teacher equal to the full amount of said fees.
Sec. 3. It is hereby made the duty of each board of education or managing body required by law to draw the warrants or orders for pavement of salaries of teachers to. deduct and withhold from each month's salary due to such teacher the amount which such teacher is required to pay into said insurance and retirement fund as herein specified, and at the time of such deduction a statement showing the amount of such deduction shall be furnished to such teacher.
Such board of education or other managing body shall, between the 1st and 35th of January and between the 1st and 15th of July of each year, forward to the treasurer of the county in which such school district is situated a statement, verified by the secretary or clerk thereof, showing the amount of money so retained from each teacher in accordance with the provisions of this act, and with said statement shall transmit the entire amount so retained to the treasurer of said county; and in case any school district is situated in more than one county such report and remittance shall be sent to the senior county. Said board of education or other managing body shall also, on or before the 15th day of July of each year, transmit to the county superintendent a statement showing the name of each teacher, the number of months of school taught during the year for which the statement is made, the number of months which constitute a school year in said district or institution, and the total amount withheld from the salary of each teacher for the school year preceding, showing also the number of years each of said teachers has taught in the public schools of that district. If no teacher in such public school or other educational institution comes under the provisions of this act said report shall state such fact and thall be verified by the oath of the clerk or secretary. The failure of any member of a school board, board of education, or other body having the management of any educational institution to perform any of the duties herein required of them shall be a misdemeanor.
Each county superintendent shall, each year on or before the 1st day of September, report under oath to the board of trustees of the State teachers' insurance and retirement fund, giving an itemized summary of the statements received by him from the school boards and other educational managing bodies, showing the total amount withheld from the salaries of teachers in said county for the benefit of said insurance and retirement fund. Between the loth and 30th day of January and between the 15th and 30th day of July of each year the county treasurer of each county shall transmit to the State treasurer all moneys received from the boards of education or other managing bodies of school districts or other educational institutions, in accordance with the provisions of this act, and shall certify under oath to the correctness of the amount so received and transmitted. The State treasurer shall credit all moneys received under the provisions of this act to the State teachers' insurance and retirement fund: Provided however, That the State treasurer, the several county treasurers, and the treasurers of the various school districts shall be officially liable for the receipt, handling, and disbursement of all moneys coming into their hands belonging to the said State teachers' insurance and retirement fund, and the securities on the official bonds of each of said treasurers shall be liable for such money the same as for all other moneys belonging to the school funds of this State.
Sec. 4. The management of the fund shall be vested in a board of five trustees, which shall be known as the "board of trustees of the teachers' insurance and retirement fund." Said board shall be composed of the following persons: The State superintendent of education, the State auditor, the attorney general, and two members of the fund association, who shall be elected by the members of the fund association at the time and place of the annual meeting of the Minnesota educational association and shall serve for the term of two years, beginning on the first Monday of January next succeeding their election, except in the case of the first elective members, who shall assume office immediately after their election and serve—one for one year and one for two years—from the first Monday of January next succeeding their election and until their successors are elected. Vacancies in the elective membership of the board shall be filled by appointment by said board of trustees, the appointee to serve until the next meeting of the fund association, when the members of said fund association shall elect a trustee or trustees to serve for the unexpired term or terms. No person shall be appointed by the board of trustees or elected by the members of the fund association as a member of the board of trustees who is not a member of the fund association at the time of the appointment or election.
In the interval between the passage of this act and the time when the first elective members of the board of trustees shall assume office, as hereinbefore provided, the superintendent of education, the State auditor and the attorney general shall constitute a temporary board of trustees of the teachers' insurance and retirement fund and shall be empowered to peform the duties of said board.
Said board of trustees shall have power to frame by-laws for its own government, not inconsistent with the laws of the State, and to modify them at pleasure; to elect one of its own members as president of the board and to provide and enforce all rules and regulations necessary to carry into effect the provisions of this act; to elect a secretary, who shall serve during the pleasure of the board, and to fix the salary and prescribe the duties of the office of secretary; to authorize the issuance of warrants by the State auditor on the State treasurer for the payment out of said fund of all annuities or benefits payable under the provisions of this act, of the salary of the secretary, and other necessary expenses.
All applications for annuities or benefits under this act must be made to said board. In passing vipon said applications said board may summon witnesses and, in the case of applications founded on disability, may require any applicant to submit to a medical examination at his or her own expense and, in the case of all applicants, may conduct any reasonable investigation to determine the justice of any claim submitted. It may sue or be sued in the name of the board of trustees of the teachers' insurance and retirement fund, and in all actions brought by or against it said board shall be represented by the attorney general. Said board shall constitute a part of the State government, but in any action brought against it by any person claiming to be a beneficiary of said teachers' insurance and retirement fund it shall not claim immunity from suit.
It shall be the duty of said board to invest as much of the funds in its hands as shall not be needed for current purposes. Such investments shall be made in the same class of securities as those in which the school funds of the State are required to be invested, and all securities taken upon such investments shall be deposited with the State treasurer; but in case of necessity such securities may be sold in order to raise money for current purposes. No such sale shall be made except by the unanimous vote of said board, such vote to be entered upon the records of its proceedings. All interest obtained from such investments shall be placed in the general fund, to be used for current purposes. A suitable office in the capital, with suitable furniture and necessary office supplies, shall be provided by the proper State officer for the use of said board of trustees. H
Sec. 5. The board of trustees shall meet annually at the office of the secretary, in the State capital, on the second Saturday in September, at an hour to be fixed by the board. Speical meetings may be held at any time on the call of the president of said board or by any three members thereof. The State auditor, State superintendent of education, and attorney general shall serve as members of said board 'without additional compensation, but the elective members of said board shall be entitled to compensation at the rate of $5 per day and necessary expenses while attending all meetings of said board, to be paid out of the insurance and retirement fund. i
Sec 6. The fiscal year of the insurance and retirement fund shall begin on the 1st day of August and shall end on the 31st day of July. The board of trustees shall present annually to the fund association at its annual meeting hereinfater provided for, a report of the condition of said funds for the last preceding year, which shall include the receipts and expenditures on account of the fund, together with a list of the beneficiaries thereof and of the securities in which said fund is invested. A copy of said report shall be sent to the governor, a copy shall be retained by the State superintendent of education, and a copy sent to each county superintendent, city superintendent, graded school principal, and the superintendent or president of each State educational institution. This report shall be published in the biennial report of the State superintendent of education.
Sec. 7. The treasurer of the State shall be ex officio treasurer of the teachers' insurance and retirement fund, and his general bond to the State shall cover any liabilities for his acts as treasurer of said fund. lie shall receive all moneys payable to said fund and pay out the same only on warrants issued by the State auditor upon vouchers signed by the president and secretary of the board of trustees. Said treasurer shall give receipts for all moneys received by him for said fund, shall keep full and correct account of the financial transactions connected therewith, and shall make an annual report to the board of trustees at its annual meeting of the receipts and disbursements and other financial transactions connected with said fund.
Sec. 8. Any person employed as teacher, when this act takes effect, in any public school in this State or in any other educational institution included in section 1 of this act shall be permitted to become a member of the fund association and to receive the benefits of this act, if application be made in writing to the board of trustees of the teachers' insurance and retirement fund on or before September 1, 1917. At the time of making application to the board of trustees as herein provided, such teachers shall notify the local school board or managing body of the institution in which he or she is employed, in writing, of his or her election to come within the provisions of this act, and shall authorize said board or managing body as a part of said notice to deduct or withhold on every pay day from his or her salary the amount which he or she would pay into the fund, as specified in section 2.
Any person who shall accept employment in this State as a teacher, as hereinabove defined, after September 1, 1915, and who shall not have been employed in this State at the time this act takes effect, shall by virtue of the acceptance of such employment become subject to all terms, provisions, and conditions of this act, and shall become a member of the fund association.
Sec. 9. Any member of the fund association who shall have rendered 20 years or more of service as a teacher in the public schools, 1 year of which may have been a leave of absence for study, and at least 15 years of which, including the last 5 immediately preceding the term of retirement, have been spent in the public schools of this State, and who ceases to be employed as a teacher for any reason, shall be retired at his or her own request by the board of trustees and receive an annuity in accordance with the following schedule:
For 20 years of service, $350; for 21 years of service, $380; for 22 years of service, $410; for 23 years of service, $440; for 24 years of service, $470; for 25 years of service, $500.
In computing the time of service of a teacher the length of the legal school year in the district or institution where such service was rendered shall constitute a year, provided such a year shall not be less than seven months. In a calendar year credit shall be allowed for only one year of service. If a teacher teaches for only a fractional part of any year, credit shall be given for such fractional part of a year as the term of service rendered shall bear to the legal school year of such district or institution, but in no case shall the legal year be less than seven months.
Such annuities shall be paid quarterly.
Any teacher who shall become mentally or physically incapacitated after having served as teacher for 15 years, 10 of which shall have been in this State, shall be entitled to receive an annual benefit from the insurance and retirement fund equal to as many twentieths of the full annuity for 20 years as the term of total service rendered by such teacher bears to 20 years.
Any person retiring under the provisions of this section may return to the work of teaching in said public schools, but during said term of teaching the annuity or benefit paid to such person shall cease. Said annuity shall again be paid to such person upon his or her further retirement.
Sec. 10. In the event that any member of the fund association ceases to be a teacher in the State and thereby terminates membership in the fund association before drawing an annuity, such member shall, if application be made in writing to the board of trustees within six months after his or her resignation, be entitled to the return of the fund without interest of such sum as shall equal one-half of all moneys paid into the fund by such teacher: Provided further, That in the event such teacher subsequently returns to teaching in Minnesota and thereby becomes a member of said association, such teacher shall be required to refund to said insurance and retirement fund the amount so drawn with interest thereon at the rate of 5 per cent per annum, such sum to be refunded within one year from his or her return. In case of the death of any member of this fund association before an annuity shall have been drawn from said fund, the board of trustees shall refund to his or hor estate, heirs, or assigns an amount equal to one-half that actually paid into the fund by said member.
Sec. 11. The annuity so created shall not be subject to assignment or seizure on legal process against any beneficiary.
Sec. 12. The board of trustees may ratably reduce the annuities provided in this act whenever, in the judgment of the board, the condition of the fund shall require such reduction.
Sec 13. Annuities may be granted by the board of trustees at any time after the passage of this act, such annuities beginning at the date on which the grant is made, but no payments shall be made before September 1, 191G.
Sec. 14. At the time and place of the meeting of the Minnesota educational association in 1915, those teachers who have qualified as members of the fund association by complying with the provisions of section 8 of this act shall meet at the call of the State superintendent of education for the purpose of electing from said members of the fund association two members of the board of trustees of the teachers' insurance and retirement fund, as hereinbefore provided, and annually thereafter at the time and place of the annual meeting of the Minnesota Educational Association the board of trustees shall call a meeting of the members of the fund association for the purpose of electing one or more members, as may be required, of said board of trustees, and hearing the annual report of said board, and of transacting any other business that may properly come before said meeting.
Sec. 15. This act Bhall not apply to any city of the first class in this State.
NEW HAMPSHIRE1 (1915).
Section 1. Any woman who, being on the 1st day of September, 1915, or thereafter, of the age of 55 years, and who for 30 years shall have been employed as a teacher in the public schools of this or some other State, or in such other schools in this or some other State as are supported wholly or in part by State or town or school district appropriation and are under public management and control, 15 years of which employment, including the 10 years preceding her ceasing to teach, shall have been in some of the before-mentioned schools of this State, and who shall have been retired, or shall voluntarily have retired, from active service, shall, upon her formal application directed to the State superintendent of public instruction, and upon the certification by the said superintendent to the governor and council, as hereinafter provided, receive from the State for the year ending August 31, 1916, or for such part of said year as she may be so retired, a pension at the rate for the full year of 50 per cent of the average annual salary of such teacher for the five years last preceding her ceasing to teach. In figuring such average, deductions from the teacher's pay for absence or other causes during said five years' period shall be considered as a part of teacher's salary.
Sec 2. Retired male teachers shall receive pensions upon the same terms as those set forth for women in this act: Provided, however, That any man, to be entitled to receive the full pension, must be of the age of CO years and must have taught 35 years.
Sec. 3. No person shall receive a pension under the terms of this act unless such person shall, at the time of application for such pension, hold a State teacher's certificate or a service certificate issued under the authority of chapter 49, Laws of 1895, and amendments thereto, or a similar certificate issued by the chief educational officer of another State or country having standards of certification equivalent to those of this State: Provided, That this limitation as to certification shall not apply to teachers who have permanently ceased to teach before the passage of this act.
Sec 4. Any retired teacher of the required age who shall before ceasing to teach have taught 15 years in this State, including 10 years immediately preceding such ceasing to teach, but shall not have taught in all for 35 years, in the case of a man, or 30 years in the case of a woman, shall be entitled to such proportion of the full pension herein provided as the actual total number of years taught bears to 35 in the case of a man or to 30 in the case of a woman.
Sec 5. Any teacher forced to retire because of physical or mental disability before reaching the age of 60, if a man, or of 55 if a woman, shall, if otherwise entitled to a pension under the provisions of this act, receive a pension based upon the proportion of the full pension which the total number of years taught, plus the number of years of enforced retirement, bears to 35 in the case of a man, or to 30 in the case of a woman, not exceeding, however, the full pension.
Sec. 6. In computing the number of years of actual service of any teacher before retirement, no deduction shall be made for leaves of absence during sickness or disability, provided after such sickness or disability the teacher resumed teaching; but deduction shall be made for time the teacher is engaged in some other gainful occupation.
Sec 7. The State superintendent of public instruction shall, on or before the 1st day of August, 1915, subject to the approval of the governor and council, formulate rules and regulations for carrying into effect the provisions of this act, and shall give such publication to the same as he may deem desirable. But the unsupported statement
1 Noncontributory plan.