Page:United States Statutes at Large Volume 41 Part 1.djvu/409

 388 sixTY-SIXTH conennss. sm. 11. cn. se. iczo. from such investments shall constitute a  of said fund for the purpose of carrying out the provisions of t Act. _ R°“'°¤*°¤‘ '°' “¤°· Sec. 3. That an teacher who shall have reached the age of sixty- two may be retiredy by the Board of Education on its own motion, or shall be retired if a plication is made by the teacher. _ Any teacher who shall have reaclied the age of seventy shall be retn·ed unless in the judggnent of two-thirds o the Board of Education such teacher should longer retained for the gpod of the service. ,,,§f>$"°‘“°°‘ ‘°‘ ‘“S°’ Sec. 4. That an teacher who s  have reached the age of forti- ` five or who shall have taught contmuously for fifteen years m the public schools of the District of Columbia, and who by reason of accident or illness not due to vicious habits has become physically. or mentally disabled and incapable of satisfactorilygperforming the duties of teacher, may be retired by the Board of ucation under A==·=·-M ·¤<····-·=·» mg PI°viSii)·ii°Qthiriimtm°ii°grtiit°t°¤ssagtd` r as A t te in Quai mc. 5. 0 e o c every_ac,er -A e shall be retired under the progisions of section 3 or section 4 hereof}, bm! shall receive during the remainder of his life an annuity composed of wm (1) a sum equal to 1 gr centmn of his average basic salaay receivegh Luge", since the passage of blic Act Numbered 254, approve June 20 L y' 1906, for each year of his whole term of service, an _ 2) an additiomil sum of $10 for each year of said service, such annuity to be payable. monthly and to cease and determine at his death. _ _ m“°°°m‘ Sec. 6. That the annuity of a teacher retired under the provisions of section 3 hereof shall not be less than $480, and the annuity of a. bh teacher retired under section 4 hereof shall not be less than $420. ¤£’;:is•s. Sec. 7. That the second Ipart of the annuilz provided for by section 5 hereof shall be paid y appropriations om the same fund as. mmm,,,,,, ,,,,,,7 the current e nses of the District of Columbia are now paid or <’•d¤¤¤¤¤=- may hereafterxg paid; and if the deductions from a teacher’s salary made under section 1 and section 2 hereof with accumulated interest, shall be insufficient to pay the Erst part of the annuity provided for in section 5 hereof, the deficiency shall be aid by appropriations from the same fund as the current expenses oi) the District 0 Colum- Mowma ,0, wg bia are now paid or may hereafter be paid. side sc¤¤¤1=¤vi¤·- Sec. 8. That in computing length of service of retiring teachers credit shall be given, year for year, but not to exceed ten years, forpnblic-school service or its equivalent outside the District of Columra. mqS$t°.‘$°ei°¤gi)riiir1ii: No sum shall be paid to any teacher upon his retirement under the- ‘“°°'· provisions of section 3 hereof unless he s all have been employed as a. public—school teacher continuously in the District of Columbia from For dmbuuy the time of his attainment of the age of fifty-two years. ` No sum shall be paid to any teac er upon his retirement under the provisions of section 4 hereof unless he shall have been employed continuously as a teacher in the public schools of the District of H,gh”Hmry,m,s_ Columbia for ten years immediately prior to his retirement. When the averafe basic salary exceeds $1,500, the first part of the annuitgydprovided or in section 5 hereof shall be based on an average Refund to teachers  alghof $1Y500' iqvmgmm. Sec. 9. at upon separation of an teacher from the service of the public schools of the District of golumbiagdprior to the age of sixty-two years, except for disability, as (provid in section 4 hereof, he shall receive the amount of his de uctions, together with the Commons on mm interest then credited thereon, as provided in section 2 hereof. seaman:. No teacher who shall withdraw the amount of his deductions under this section shall, after reinstatement, be entitled to the benefits under section 6 unless he shall have served at least ten years after such reinstatement. In case of his reinstatement in the service of the public schools of the District of Columbia, the monthly deduc-