Show City t workers a add to state fund The Utah State Retirement Fund has reached it was reported today by Leonard Leonard Leonard Leo Leo- nard W W. W McDonald executive director of the Utah State Re- Re dement Board The fund has grown some since March of last year During the past year Sanpete County employees contributed to the fund Fairview employees contributed contributed contributed contri contri- buted Fountain Green Gunnison Mantl Manti 2330 Mt Pleasant 2369 and Spring City The employer whether state county or city made contributions contributions contributions to the fund und in an amount equal to that of the Individual employee The fund currently is earning annually on Its assets which are invested in high grade stocks mortgages and corporate corpor corpor- ate bonds Investments made in March excluding stock purchases purchases purchases pur pur- chases averaged a yield In ex excess excess excess ex- ex cess of Primary purpose of the fund fundis is to help public employees provide for themselves and their dependents upon retire retire- ment mente Pensions paid depend upon the number of years of service and salaries received The plan also provides insurance Insurance insurance ance and disability protection for career members Members who terminate before before be before be- be fore reaching retirement age may withdraw their contributions contributions contributions and interest from the fund fundor or leave their funds in the program and take a pension at age 65 if they have credit for four years or more of service |