TEACHERS' PENSWN BILL
0 PRESENT IMPROVED SYSTEM
Prof. James W. Glover, of the math-
natics department, spoke before the
hool teachers of Grand Rapids yes-
irday on the proposed new teachers'
etirement bill which will be present-
I to th6 legislature in 1921. Last
eek Professor Glover spoke before
ie Saginaw County Teachers' asso-
ation where ,the new bill met with
The old teachers' retirement law had
>ur faults: too low rates, no state
articipation in payments, no return
teachers who left service, and com-
ulsion. According to Professor Glover
ae old bill does not fill the require-
ents of modern retirement systems.
To Receive Annuity of $600 f
Professor Glover, who is consult-
lg actuary to the .State Retirement
ard, says that in order to allow
machers who have reached the age of
0 and have finished 30 years' service
receive an annuity of $600 a fund
f $500,000 would be required annu-
lly. The new system, if adopted, will
art next year. Membership is coe-
pulsory to new teachers and optional
to old. In case of permanent dis-
ability the teacher would at once re-
ceive the annuity, for life.
If teachers leave theprofession or
die before retirement, all payments
will be returned to the teacher or her
heirs with compound interest at four
per cent. If she dies after retirement
but before having received the total
of her payments, the balance will be
paid to her legal representative.
Payment rates vary according to age
from $35 a yeat at 18, to $150 a year
at 43, which is the maximum. It is
calculated that the teacher will thus
furnish $300 a year, which the state
will match to provide an annual
amount of $600 a year..
Should Make Up For Low Salaries
Professor Glover regards teaching
as one of the most important of pro-
fessions, and says that there is a defi-
ciency of 30,000 teachers at the pres-
ent time. He believes that inducements
should be made to make up for the
low salaries paid teachers at present,
although he does not consider it like-
ly that teachers will ever receive pay
in proportion to the amount of time
spent in preparation and the import-
ance of the work. , It is to hold out
other advantages that the new retire-
ment bill has been proposed.
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All trains make connections at To-
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operating south bound are the B. &
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The N. Y. Central takes the eastern
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