72-1790. Same; retirement and payment; conditions.
72-1790
72-1790. Same; retirement and payment; 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 the board of education. Any teacher so retiredunder the foregoing provisions of this section, provided that at leasttwenty years of such accredited teaching experience shall have been in thepublic schools of such cities of the first class, shall be entitled toreceive from such retirement fund, so long as such teacher may live, equalmonthly payments, which shall aggregate one-third of such teacher's averageannual salary for the last ten years of such teaching, except that no suchteacher so retired shall receive less than five hundred dollars per annumor more than nine hundred dollars per annum; any other public schoolemployee who has been credited under the rules and regulations of suchboard of education with an aggregate of thirty years of experience undersuch regulations of such board of education, may be retired by such boardof education. Any other public school employee so retired under theforegoing provisions of this section, provided that at least twenty yearsof such accredited experience shall have been in the public schools of suchcities of the first class, shall receive from such retirement fund, so longas he or she shall live, equal monthly payments which shall aggregateone-third of such public school employee's average annual salary for thelast ten years of such service, except that no such public school employeeshall receive less than three hundred sixty-five dollars per annum or morethan nine hundred dollars per annum: Provided, however, That noteacher or other public school employee shall receive such pension withoutpaying into the fund by way of assessments or otherwise, not less than theamount of the first annual pension to which such person shall be entitledand in order to make up such an amount, the board of education may providefor any deficiency by deducting the necessary amount from the first year'spension payments in equal amounts each month.
History: L. 1941, ch. 340, § 3; June 30.