| Show RETIREMENT LAW AID TO TEACHERS Principal of Sumner Simmer School Reviews Arguments for Pension Plan PROMOTES IOTES EFFICIENCY Is Conducive to Content- Content ment During Strenuous Years in Schoolroom of ot tho Challen Smith principal J J. J sumner school in Salt Lake sots seta forth his Ids concerning tho retirement nt law for Utah teachers a an follows for tor a a. There aro arc adequate to reasons It con conduces uces uJ law for tor teachers efficiency in lit the class room because to retirement of teachers contemplates it Psychologically llY it when old SO I YS makes for tor better teaching teaching- In that it and tends to peace and r removes mo es worry contentment during the th con of teaching Moreover It Is 15 In years ears harmony harmon with social orco eri just justice ce Tho The teacher deserves to be kept during tho the ago ngo of ot infirmity Sho She is worth moro more moroto the state titan than her annual salary to which avera averages es in the he United States not moro than thaI considerations doubtless have e been tho the mainspring of ot general pension pon- pon sion legislation throughout hout tho the United Unite I Iare I states s In the tho last few tew years ears There at present twenty states having aro are wide mate o pension systems while ten more nore have ha Local rela relating to cl cities tle Mont Sy Inadequate And yet a n. remarkable fact Most of ot the V p pension systems business principles principles prin prin- are arc b based ed on such Buch poor that th ID they aro are toward tho rocks 9 of bankruptcy In n other othel words o most o of the systems devised for I teachers are aro Inadequate ThA uThA Carnegie Foundation report for tor 1914 I P. P 22 2 says aS A A careful stU study of recent pension development leads le In Inevitably In- In e to the thu conclusion on that the tho es establishment es- es of ot pension systems Is not yet Jot receiving recel tho necessary care and study y that aro are absolutely necessary to secure solvency Systems are started with a a. small fund In the tho hope that somehow or other it ma may be In In- In creased Tho rapid development o of re recent reent re- re tent cent years has been accompanied b by byn utter disregard of ot tho simple mathematical mathematical math math- en ln n l principles involved Pension ion sst systems mg have ha now been established long enough in this country to offer olter very yen salutary lessons The lost last some come few years have hae seen neen the collapse of pension ey systems of or comparatively re recent recent recent re- re cent date The New York Globe und under r date otMA of ot MA May 4 4 1916 has thi this news note Mayor Mitchell had a a. hearing today on loc bc bills hills that have havo passed the lc legislature the most Important being a bill introduced intro Intro- by Senator Mills to take of ot tho thu of or the sinking fund o of tho the retired teachers' teachers pension fund and apply It to this years year's pensions Many Inn 01 old 1 teachers who have been heen retired for years and h havo have depended on their pensions pension ae as a n. means of livelihood liveli hood were present at t tho the hearing and heard hoard their speakers declare that the tho wore now two and a half halt months in arrears and unless something something something some some- thing was waa done dono man many who are aro between GO CO and 90 years ears of ot age blind and paralyzed par var- would b be without support There are BiO 1 of ot these retired teachers teachers teach teach- ers ere and many m more re who are en entitled entitled entitled en- en titled to retire who cannot because the fund Is practically bankrupt Chamberlain Chamberlain Chamber Chamber- lain Henry Bruere Bruen secretary o of oIa Mayor Ia or Mitchell's Mitchells pension commission slon declared de do- dared th that t th the bill would be a n. palliative pallia paula tIvo tive applicable for tor only one year The Tho pension fund is bankrupt rupt In my It I is very questionable whether It is ie wise to enact a n. bill of ot this kind 1 I. I c e. e dra drawing from tho the sinkIn sinkIng sink sink- In Ing fund to pay pensions at this time which puts a Q porous voroUs plaster on this Co condition nd itt 0 Cause of Failure When one seeks tot foe tho the cause of ot this wholesale failure of or pension schemes one runs at once into the fact that sentiment and philanthropic considerations con con- and blind h hope hpe pe were at nt th the helm when the pension laws were be bein being be- be in InK ing initiated In legislation there is much poor Imitation of at one state b by another It Is common to argue that if it New York or Massachusetts have havo such and such a n measure it must therefore be bc good ad effective whereas where where- as it may be he most ineffective Pr Proponents Pro Pr- of ot new legislation do not stop I to consider that the tho men who originated mated the New ew York or Massachusetts law were common mortals such as the they with a task just as great groat before them and with means at their disposal al ni for handling It Just as weak and cumbe cumbersome cumbersome- ome Instead thc they too often 1 too tao blindly follow tollow In an a priori argument ment which leads to disaster when the law comes into operation I In business and the pension cys- cys tem tern is 18 a a. business of most highly or organized organized or- or nature there is an abs absolute need to hold to and principles |
