72-1728. Same; retirement conditions.
72-1728
72-1728. Same; retirement conditions.Any teacher who has been credited under the rules and regulations ofsuch board of education with an aggregate of thirty years of teachingexperience may be retired by such board of education. Any teacher soretired under the foregoing provisions of this section, provided that atleast twenty years of such accredited teaching experience shall have beenin the public schools of such cities of the first class, shall be entitledto receive from such retirement fund so long as such teacher may live,equal monthly payments which shall aggregate five hundred dollars perannum: Provided, however, That no one shall receive such pensionwithout paying into the fund therefor, by way of assessment or otherwisenot less than the amount of the first annual pension to which such personshall be entitled. And in order to make up such an amount the board ofeducation may provide for any deficiency by deducting the necessary amountfrom the first year's pension payments in equal amounts each month.
History: L. 1911, ch. 280, § 3; R.S. 1923, 72-1728; L. 1935, ch. 257, § 3; May15.