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FOURTH ANNUAL REPORT

TO THE

GOVERNOR

OF THE

TEACHERS' RETIREMENT BOARD

December 31, 1923 - December 31, 1924

PUBLICATION

APPROVED BY
THE BOARD OF CONTROL

PRESS OF CONNECTICUT SCHOOL, FOR BOYS

TEACHERS' RETIREMENT BOARD

CHARLES L. AMES,

Term expires July 1, 1927

JOHN B. BYRNE,

Bank Commissioner

HAROLD E. CHITTENDEN,

Term expires July 1, 1925
HOWARD P. DUNHAM,

Insurance Commissioner, Chairman

ALBERT B. MEREDITH,

Secretary of the State Board of Education

DOROTHY M. SHANLEY,

Secretary

EDWARD S. BOYD,

Assistant Secretary

To his Excellency, JOHN H. TRUMBULL, Governor of Connecticut.

Sir:--In compliance with Section 2, Chapter 358 of the Public Acts of 1921, the Teachers' Retirement Board herewith submits its annual report for the year ending December 31, 1924.

MEMBERSHIP. The members of the retirement association are subject to a five percent deduction of their salaries restricted to a minimum assessment of twenty-five dollars and a maximum assessment of one hundred dollars annually. Assessments so contributed make up the Annuity Fund.

There are two classes of members in the association, compulsory and voluntary. Compulsory members comprise those teachers entering the service of the public schools of the state for the first time since July 1, 1917, who are obliged to become members of the association. Voluntary members include those teachers who entered the service of the public schools prior to July 1, 1917, and had the option of joining the association. A teacher in the latter classification is allowed to join the association at any time by paying an amount equal to the total assessments and interest thereon, that he would have paid had he entered the association in 1917. During the past year, 1076 compulsory and 49 voluntary members were received into the association, making a total of 11,057 teachers to join the association to date. The net gain in membership over the previous year was 423.

RETIREMENTS.

A member of the Retirement Association may retire because of age, service or disability.

(a) The age clause provides for retirement upon reaching the age of sixty after fifteen years of service in the state.

(b) The service clause provides for retirement at any age after thirty-five years of service in the public schools, twenty of which must have been in Connecticut.

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