EXPENDITURES. The payments for the year follow: Month

Annuity Pension January,

$198.01 $1428.64 February,

198.01

4428.64 March,

200.46

4408.33 April,

202.02

5478.48 May,

202.13

4330.85 June,

202.13

4330.85 July,

222.73

5543.04 August,

244.89

7143.64 September,

240.98

4698.38 October

263.31

4908.05 November,

266.75

4922.94 December,

265.53

4924.16

Refunds
$4099.76
5032.19
1567.87
2930.72
3916.35
5000.24
13256.57
10266.65

7595.09
14702.08
8317.46
6545.91

Total $8726.41 9658.84 6176.66 8611.22 8449.33 9533.22 19022.34 17655.18 12534.45 19873.44 13507.15 11735.60

Total,

$2706.95 $59546.00 $83230.89 $145483.84 New Haven maintains a local pension system for its teachers. It is the only city in the state to claim exemption from the state retirement system. As provided in Section 1024, Chapter 61, Public Acts of 1919 the city is annually reimbursed for pensions paid its teachers for such an amount as the state retirement board may determine. For the year ending June 30, 1924, the city paid retired teachers $5,703.95 for whom they received a state reimbursement of $2,410.98.

Respectfully submitted,

HOWARD P. DUNHAM.
JOHN B. BYRNE.
ALBERT B. MEREDITH.
CHARLES L. AMES.
HAROLD E. CHITTENDEN.

ANNUAL STATEMENTS

and

STATISTICS

of the

CONNECTICUT TEACHERS' RETIREMENT

BOARD

December 31, 1923 - December 31, 1924

Hartford, Conn., January 21, 1925. 10 Dorothy M. Shanley, Secretary, Connecticut State Teachers' Retirement

Board, Hartford, Connecticut.

Madam: Pursuant to the provisions of Chapter 57, Section 1023, General Statutes of Connecticut, Revision 1918, as amended by Chapter 358, Public Acts of 1921, the State Treasurer as Trustee of the Connecticut State Teachers' Retirement Fund, files herewith a sworn statement exhibiting the financial condition of the Retirement System and its financial transactions for the calendar year ended December 31, 1924.

January 1, 1924 to December 31, 1924.

ANNUITY FUND CASH ACCOUNT

RECEIPTS Balance on hand, January 1, 1924,

$42,559.61 Received from Secretary of Board,

478,764.58 Interest on Investments,

74,451.27 Bonds sold in 1924,

272,218.75

$867,994.21

PAYMENTS

Annuitants and Refunds,
Bonds purchased in 1924, cost,
Accrued interest on bonds, purchased,
Balance of Cash on hand, December 31, 1924,

$85,937.84
703,311.68

6,782.44
71,962.25

$867,994.21

INVESTMENT ACCOUNT
V. S. and Municipal bonds on hand Jan. 1, 1924, cost,
Municipal bonds purchased in 1924, cost,

$1,538,091.38

703,311,68

$2,241,403,06

272,218.75

Bonds sold in 1924,
Amount now invested in United States and Municipal

Bonds (Par $2,029,000.) Cost,

$1,969,184.31

PENSION FUND
CASH ACCOUNT

RECEIPTS
Balance on hand, January 1, 1924,
From Secretary of Board and State Appropriation,
Interest on Investments,

$56,653.12
101,560.34
19,238.95

$177,452.41

Amount now invested in Municipal Bonds (Par $555,000.) Cost, $519,655.25

(Signed) ERNEST E. ROGERS,

Treasurer and Trustee.

SS.

STATE OF CONNECTICUT
COUNTY OF HARTFORD

Ernest E. Rogers, Treasurer of the State of Connecticut, being duly sworn, deposes and says that the foregoing statement is a full and correct exhibit of the financial condition of the Connecticut State Teachers' Retirement System, together with the financial transactions of said Retirement System for the calendar year ended December 31, 1924.

Subscribed and sworn to before me this 21st day of January, A. D., 1925.

(Signed) THOMAS H. JUDD,

Notary Public.

STATE TEACHERS' ANNUITY FUND.
BONDS HELD AT THE CLOSE OF BUSINESS DECEMBER 31, 1921.
Description

Percent
Interest Payable

Par Value
City of Akron, Ohio

572
Jan. & July 1st

$50,000.00
City of Akron, Ohio

5
Mar. & Sept. 1st

10,000.00
City of Akron, Ohio

5
Apr. & Oct. 1st

5,000.00
City of Akron, Ohio

572
Jan. & July 1st

5,000.00
City of Akron, Ohio

Apr. & Oct. Ist

10,000.00 City of Atlantic City, N. J. 472

Jan. & July 1st

50,000.00 City of Bridgeport, Conn.

44 May & Nov. 1st

2,000.00 City of Bridgeport, Conn.

44 May & Nov. Ist

2,000.00 City of Bridgeport, Conn.

44 May & Nov. 1st

2,000.00 City of Bridgeport, Conn.

May & Nov. Ist

2,000.00 City of Bridgeport, Conn.

May & Nov. 1st

2,000.00 City of Bridgeport, Conn.

44 May & Nov. 1st

2,000.00 City of Bridgeport, Conn.

May & Nov. 1st

2,000.00 City of Bridgeport, Conn.

44 May & Nov. 1st

2,000.00 City of Bridgeport, Conn.

44 May & Nov. Ist

2,000.00 City of Bridgeport, Conn.

414 May & Nov. 1st

2,000.00 City of Bridgeport, Conn.

44 May & Nov. Ist

2,000.00 City of Bridgeport, Conn.

44 May & Nov. 1st

1,000.00 City of Bridgeport, Conn.

444 May & Nov. 1st

4,000.00 City of Bridgeport, Conn. 44

May & Nov. 1st

4,000.00
City of Bridgeport, Conn.

44
Jan. & July 1st

4,000.00 City of Bridgeport, Conn.

44 Jan. & July 1st

4,000.00 City of Bridgeport. Conn

44 Jan. & July 1st

4,000.00 City of Bridgeport, Conn.

Jan. & July 1st

4,000.00
City of Bridgeport, Conn.

Jan. & July 1st

2,000.00 City of Bridgeport, Conn.

Jau. & July 1st

4,000.00
City of Bridgeport, Conn.

Jan. & July 1st

4,000.00 City of Bridgeport, Conn.

414
Jan. & July 1st

5,000.00
City of Bridgeport, Conn.

44
Jan. & July 1st

5,000.00
City of Bridgeport, Conn.

Jan. & July 1st

1,000.00 City of Bridgeport, Conn.

474 Jan. & July 1st

1,000.00

Principal Due

Jan. 1, 1950
Sept. 1, 1951
Oct. 1, 1934
Jan. 1, 1935
Oct. 1, 1936
Jan. 1, 1941
Nov. 1, 1938
Nov. 1, 1939
Nov. 1, 1940
Nov. 1, 1941
Nov. 1, 1942
Nov. 1, 1943
Nov. 1, 1944
Nov. 1, 1945
Nov. 1, 1946
Nov. 1, 1947
Nov. 1, 1948
Nov. 1, 1949

July 1, 1938
July 1, 1939
Jan. 2, 1941
July 1, 1941
July 1, 1942
July 1, 1943
Jan. 2, 1944
July 1, 1944
July 1, 1945
Jan. 2, 1949
July 1, 1941
July 1, 1938
July 1, 1939

44