board of trustees - CTPF
515
m f~
-
Upload
khangminh22 -
Category
Documents
-
view
1 -
download
0
Transcript of board of trustees - CTPF
mf~
PROCEEDINGS
OF THE
BOARD OF TRUSTEES
OF THE
PUBLIC SCHOOL TEACHERS' -
PENSION AND RETIREMENT FUND
OF CHICAGO
Vol. XX
September 1, 1955 through August 31, 1960
BOARD OF TRUSTEES
HISTORY OF MEMBERSHIP THROUGH AUGUST 31, 1960
ETHEL RURNS October 29, 1948 - I-elirtiar> 1,1957
Chairman, Committee on Finance . .. November 19,1948 - November 2,1951
Recording Secretary .............. ....... ... November 2,1951 - November 16,1956Chairman. Committee 021 Pen.imi Law and Rules ..... November 16,1956 February 1,1957
WILLIAM G. CAMPS November 13,1957 - August 31.1960
MRS. WENDELL E. GREEN November 12,1959 - Atigtit 31,1960
Chairman, Committee (,it Annuities and Credentials ... Xmcmber 20,1959 - Auglist 31,1960
THOMAS J. HAGGERTY Deccniher 8,1948 - November 14,1956
MABEL S. JOHNSEN Oct<,1)er 27,1950 - October 24,1958Clmirman, Committee on Annuities and Credentials ... November 17,1950 - October 24.1958
ANN M. T,AT.T.Y (}ctober 25,1957 - August 31, 1960Chairman. Committee on Pension Law and Rules . Novenilier 15,195; · November 20,1959Recording Secretary ............~.~................. November 20,1959 - August 31.1960
LAURA M. T,Tr:wr October 27,1950 - August 31,1960C hairman . Conimitte: 0,3 I en.1,1,1 Law and Rilles .... Xm·ember 17.1950 - November 2.1951Chairman, Committee on Finance ....... . . . November 2,1931 - Novcm!,er 15,1957
11,195·; - November 15,1957Reconling Secretary .... ... .... ...... .. Nove!111:er 15,1957 - Novcmlier 20.1959Vice.President ............ .......... ....... .. November 20,1959 - August 31.1960
THOMAS L. MARSITAN. April 28,1954 - November 13.1957
MARGARET E. MEVEY October 24,1958 - August 31,1960Chairman, Conmlittce on Annuities md Credentials ... Nt, venil,cr 21,1958 - November 20,1959Chairman, Committee on Finance .. .............. Noven,ber 20,1959 - August 31,1960
GNORGE O. MEIERDIERKS 0 c trilier 28,19·49 - Atigust 31,1960Financial Secretary . .. November 18,1949 - November 20,1959l'residelt................. .. November 20,1959 - August 31,1960
THOMAS J. MTmn,n, Norcnil,cr 12,195.8 · Augit:4t 31,1960
RAYMOND W. PASNICI November 14.1956 · November 12.1958
ARTHUR R. PETRIP Felin::Iry 1.1957 - .\,igust 31,1960Chairman, Committee on Pension Law ami Ruks ..... Fel,ruary 21.1957 - Nnvenitier 15. 1957I're sict:It ..... ... .. Ortoher ·1,1937 - November 20,1959Financial Secretary ............................. ·· rovember 20,1959 · August 31,1960
SUSAN SCULLY ( Drcresrd Sept,„11.·r 30 . 19 .47 ) (): tolier 7 ,] 938 - September 30 , 1957Chairman. Committee on An:ittitics mci Claims ........ November 18, 19.18 - May 29,1942Recording Secretary ...... ......... .......... ~lay 29.19·12 - X„veml,et 2.1951Pre..!cnt ............. ......... ... . .. No.·emlier 2.1951 - Septcmlier 10,1957
DOROTHY M. SM,TH April 19,1960 - August 31,1960Chairman, Committee 0,1 Pension Law and Rules 1"le 17,1960 - Atigust 31.1960
HELEN E. TAGGART Febristry 3,195.1 - 1·'chrilaty 20,1960( hairnian. Committee M Pension Law and [4111(·i ..... i'~,·1,1 iary 20,1953 - Noveti,1.·, 16. 1956Recording Secretary ....... .... ... ... November 16,1956 - Nove:nlier 15,1957('liairm:in, Committee o·i lin·niee . ... Novcniher 15, 1957 - November 20,1959('hairman, Con:mitter (,n I':,ision 4.#· anil Ittlle: ..... Novel,iher 20,1959 - Fel)ruary 20,1960
FRANK M. WinscrON June 21,1948 - Novenil,er 12,1959Vice-lire.illent ... ·· ··· .. Non·cmher 15,1957 · November 12,1959
INDEX TO VOLUME XX
September 1, 1955 through August 31, 1960
Accounting ProceduresAuthorization of signature on checks ..........................Deficiencies or credits less than $1.00 in members' accounts . 87, 122Outstanding checks ......................................... ···· 53
Auditing Service ........................................ ... 99, 202,299,397, 507
Bequests and Gifts to the Fund ....................... .. 35. 123, 357, 383, 490
Bills . 6, 28, 47, 64, 76, 93, 116, 136, 151, 166, 182, 195,216, 241, 255, 266, 276, 290, 311, 337, 353, 362, 378, 391, 411, 441, 457, 470, 484, 500
Board of EducationResignation of President 20
Board of TrusteesAppointment to fill vacancy ......... 161, 484Committee to recommend candidate 482Dcath of Miss Scully, president ....... ....234Election of:
Committee chairman to fill vacancy .............. 174, 529President to fill vacancy...... 235Trustees ............................ .. 25, 134, 238, 336, 438
Reorganization of Board ............... .. 26, 135, 239, 345, 451Resignations .......................... .,............ 161, 480
Resolutions on Retirement ...... 440, 481
By-Laws and Rules 19, 27. 55, 429, 495, 511
City Treasurer . 249
Contingent Account ................... 6,28. ·17.64,,6.92, 116, 1 36,151, 166, 182. 195.216, 241, 255, 266, 276, 290, 311, 337, 352, 362, 378, 391. 411, 441, 457, 470, 484, 500
Death BenefitsAccrued pension ...................................... 49, 78Refun(Is of accumulated contributions 8, 31. 49, 65. 78, 93. 119, 1.;8, 13.1, 167,18·1. 19>1.
220, 224, 257, 268. 279, 296, 318, 341. 355, 365. 381. 394, 418, 444, 459, 473. 487, 503Revision in amount of refund ............................... ........... 251Single-sum payments on death of teachers 8, 31, 49, 65, 78, 95, 119, 138, 153, 163. 184, 199,
220, 244, 257, 269, 279, 296, 318, 341, 356, 365, 781, 395, 419, 444, 459, 473, 487, 504Single-sum payments on death of teaclicr·pensioner< .............................
................................... 8. 31, 49, 65, 78, 95, 119, 139, 153, 168, 185,199. 220. 244, 257, 269, 279, 296, 319, 341, 356, 365, 382, 395, 419, 444, 459, 487, 504
Duplicate Pension Warrants................ 10, 33. 51, 80,97, 121, 140. 154, 169, 185,199, 222, 245, .?58, 269, 280, 297, 320, 342, 366, 382, 396, 420, 445, 459, 474, 489, 506
Elections and ReferendaAppoititinent (,f members of Cativassing Board ............ .... 22, 1.12,235, 332, 134Disposition oi election amd referendum material ....... 19, 106, 206, 302, 401, 428, 528Report of the Cam:issing Board ......................,....... 25, 134, 238, 336, 438Rel,ort on referendum on proposed rensic,rl , Illenrlments ,., ...... ............. 372
V1
Employees of the Pension FundExecutive Secretary .........Ofnce ,·111,1(„ces .. ...... 1 3. 54. 259, .323, 357, ·161, 475remporary clerical service....
Financial Statements 2, 44, 90, 112, 148, 192, 212, 252, 283, 308, 350, 388, 408, 454, 498
InvestmentsChanges in bond indenture ............................. ...... ..... ....... 186Counseling service ....................................... .............. 348, 468Exchange of securities .. .., ..................,.............. 11, 34, 156, 305, 507Purchase of securities . 10, 33. 52, 67, 80, 98, 99, 108. 109, 122, 140, 141, 155, 200, 201,
222, 245. 258, 270, 280, 298, 320, 342. 356, 366, 37·1, 396, 40·1, 421, 445, 460, 475, 489Purchase or sale of U. S, Treasury Bills or Xotes lictw·ccti nicetictirs ... ....,..... 202
447Sale of gift real property ... ... ......,...~.........,... ....... .. 12. 208Tax anticipation warrants written off .................... ...................... 461
Legal Service . ... 106, 206, 302, 402, 529
Microfilming of Records 105, 495, 528
Minutes of Board of Trustees' MeetingsApproval of . 1. 23, 41, 63, 73, 89, 111, 1.13, 147, 165. Iii. 191,211, 237, 251, 265, 275, 287. 307, 335. 349, 361, 377, 387, 407, 437, 453, 4,9, 483. 497Correction of ....... .....~~~ 43, 181. 251, 497
Outside Time and Military ServiceApproval of ........~... ..... 18, 39,58, 72,84. 102,129,143. 158,173, 189. 205.
229, 248, 263, 273, 285. 301, 328. 344, 360, 369, 386. 400, 427, 450, 464, 479, 494, 510Cancellation of ............*. ......~......~~.......~................. ~..~.... 370
I Denial ofRevision of .......~...,~...~.. ...~...~ 39, 73, 86, 10·1, 14·1, 190, 277-1, 329. 401, 428
Pension LegislationProposed . ... 176, 190, 374E„acte,i:
Additional non-refundable member contributions „f M of 1% of satan· . . 405Automatic annual increases in pension 405Benefits for dependent childrem of male teachers . . . 405Employment of pensioners .....*.. 230Improved death benefit: after 7/15/59 ............ .........~,~~.~... ... 105Increased pensions for widows ........... ... ...... ,.... ·It)5Invectment authority extended 230
Minimum :crs·ice requirement for pen:irm ............... ...... 2.10Pensions stil,ject to increased discount after 7/1/62 a/c age ........ ~..... 405
Rev#,m iii pen:i,in formula ... .............................. ~,.... 405R:vision in salary me:.itre for pensions and contributions ...... ... ... 230Single·.111!1 death limefit I):.·al,le to male: 14·Iieficiarirs ...... ... 230I :Ix ic·vy increased .. 230
Not enacted:Alithority to invest iii common stocks .. 405
Pension Office . ... 176, 383, 397
.·11
PensionsCancellation of ........................... 17, 38, 57, 71,84, 102, 128. 143, 158, 172,
173, 188, 228, 247, 284, 301, 327, 344, 359, 369, 385, 399, 426, 450, 463, 479, 494, 510Chang: in effective d.ate of 83, 188, 204Disability retirement pensions:
Approval of 16, 36, 69. 82, 101,127, 142, 171. 187, 203, 227, 272, 282, 299, 326. 358, 368, 398, 425. 478, 508
I);nial of ........................................ 82, 142, 247. 283, 426, 493Repayment of .................. ........... ...... ·············426
Reversionary prnsions ....................................... 16, 37, 57, 69, 326, 425Service retirement pensions:
Compulsory ....... 15,36, 56,68, 81, 100, 125, 142, 157, 170, 187,203, 226,246,261, 271, 281, 299, 323, 343, 358, 368, 384, 398, 423, 448, 462, 477, 492, 508
Optic,nal ......... 14, 36, 56, 68, 81, 100. 123, 141, 157, 170, 186, 203, 224, 246,261, 271, 281, 299, 323, 343, 358, 367, 38·1, 398, 423, 448, 462, 477, 491, 508
Rescinding of . 172, 464Revision in rate ................. 70, 262, 283, 300, 359, 385, 479, ·193, 497, 509
Summ:try of pensions granted ...... 16, 37, 57. 69. 82, 101, 128, 142.,157. 171. 187, 204,228, 246, 261, 272. 282, 300, 326, 344, 358. 368, 384, 398. 425, 449, 463, 478, 492, 509
Survivors' (widows') pensions ................ 16,37.56.69, 82.101.127,142,157,171,187, 203, 227, 261, 282, 299, 326, 343, 358, 368, 384, 398, 425, 449, 462. 478. 492. 508
Revision in rate .449
PhysiciansAppointment of .................................. 17, 37. 70. 83. 101, 128, 158, 172,
188, 204, 228, 247, 262, 273, 283, 300, 327, 359, 385, 399, 425, 4·19, 4,3, ·:-8, 493, 509
Refunds of ContributionsAccount of :
Cancellation of sal,batical leave 221, 320Caiice!!ation of salary 473Errors in deductions
S, 31, 50, 66, 79, 96, 120, 139. 133. 1 14. 168, 181, 185. 199, 221, 2·14,258, 269, 279, 296, 319, 341, 382. 395. 419. 420, 444, 473, 474, 488. 504, 506
Re,luction in outside time credits 491Remarriage of widow ............ ..········· ··· .........,...... 49Resignation of regularly cniployed members ................
7, 30, 48, 65. 77. 94, 117. 137, 152, 167. 183, 196, 217, 242,256, 267, 277, 292. 31.3, 339, 354. .163. 179, 392, 413, 4·12. 458, 472, 486, 502
Separation from service of telit!„rarily „111)1„ c'(1 kachers ........ 197,219,2·13,257. 268, 278, 292, 31 4, 339, 353. 36·$. .1.80. 39.7. 415. 44.3, 458, 472, 4.86, 503
Servic: in excess of 45 years ... ·· 8. 66, 79, 96, 119. 168, 185,199. 220,244,258, 269, 279, 319. .Nt. 365, 383, 395. 419, ·144, ·139, ·173, 487
Widow's pension contributions deducted for creditable Chicago serviceprior to 1953 420
Widow'!; pen,don contribution: deducted for pers„ns not entitlil tosuch henen ,......... ············ ··············· ············0· 30,66, 95119. 138, 153, 167, 19K, 219,257, 26,8,379,318, 355, 365,418, 444. 473, 487
Cancellation of ........ ..... .. ....... 169, 181
Tabulating and Statistical ServiceAuthorization for 111·iodic li.till, of inembers' Colitri| Wil,11. ...... ... 223-linI nuchine rent:,1 . .. 348Pension payroll .......... ...... ··· .. 322
Tax Levy._ 5, 53, 115.215.254,.310, 362,408,411.470
Tax Ruling on Retirement Income.. .. 231
L'...
Sept,·1111)pr 16. 1 1~)55
REPORT OF THE PROCEEDINGS
OF THE
Board of Trustees
OF THE
Public School Teachers' Pension andRetirement Fund, City of Chicago
Regular Meeting-Official Report
Friday, September 16, 1955
A regul,11· mirting of th,· Board of Trustees of the Public School TrachersPension and Retit·ement Fund was held Friday, September 16. 1953,
The President. Miss Scully, called the nweling to order at 2:00 P.M.
ROLL CALL APPROVAL OF MINUTESPresent: Miss Scully. Mr. Meierdierks,Mrs. Light, 111·8. Johnsen, Mil~s Tag-
On motion of Miss Buniss, seconded byKai·l, Miss Burns-G Miss 'Taggart, the minutes of the reg-Absent: Mr. Whiston, Mi·. Haggerty, 111:ir meuting of Junp 17, 1!155 and oiMr. Marshall 3 the adjourned meeting of.lilly 27,1955,Mr. Morris B. Sachs, City Treasurer were approvpd as printed.and px-oflicic, monll)(,t· of the Board ofTrustees, was unable to he. presontbut was represented by Mr. Thomas J.Nugent, Deputy Treasurer.
Selitember K 2 1955
REPORT OF FINANCIAL SECRETARYFinancial Statement
May 1,1955 to August 31,1955
lABCS'TW·:X'l' .lecoux'l'
fli,·ritment:..i.3 1. 11)55 .It Par B :111[:
Ca) Bonds of the United States :rnit of the State ofIllinois and its subdivisions. .. .. ,$23,CCS,2·,7.51
1 1,) Chicago Board of I.ducati,iii 61'.; Tax Anticit).1-lion Warrants. 1110.00
Total $23,22S,3.17.3 1
Add:Total invisted. 1,866,000.00
25,084,317.511, educt:
11<inds Tnallit·(•(1 138,000.nO
In.Mttnellt#4..,~lig,1341 31. 11)35 71 ]':Ir Vallic·
(a) Bonds of the United States an,1 <if the State ofIllinois and its sul,clivisions.......... ....... 2,1,9·16.2,17.51
i b) Chicago Born·cl of 1·:cluention 65 Tax Anticipa-tion JX 'arrants... ......................... 100.00
I.ve.'n..a' ·#(·c.'111(. ·,I;zt:Mt :El. 11):,r, :it liar ,nile. .$21,9,16.317.54
HIC(-1·.II"l'A :\Xl) 1)I,%111 It42~1·3'1'%
('lilli lt:11:lil•(·, .U::j 1.11)55Cash-City Treasurel· ... 5*)2,847.38Cash-Contiligelit Fund. 807.55
503,454.93
Ill·: C: 1·7 P'1'7
lia#'..tmen( 1,4..'le
Interr > t collpoils presented for payillont .. 273 , 889 . 76
ttiterest income on t.emporary Investments 11,870.80
1 11, 1'<ill(·c·(inn. IE(•inilled :cill:(• 1·'Ii,Il
1.ory fu,i· 1911 :,1.1 print· 2,190.11 1·· 1 9.12 ....... 430.511
..... .127.71" 1911 ....... ·los. A'4 11).15 ........... 157.5
·· 1916 ..... ............· 1 PS.T 2
" 1917 1.211.06
" 1"IA .. 1.597.81
" 1 t) 1 4 ;,209.47
195,11 2.185.%22,360.76
lili
„ · 1852 .... 1,328.69
1 '.~ 53 ········· ······ ·· 30387.251,01 1,691.45·· " 145.1 ................
4,112,175.21
1955Spplember lii,
Cont t·i],1,[ i (,]1% 1,3 I':Irticili:, 1,1+ (>Il]:tr, 114·41 1,·ti (11:4)
1':,4111:al' 20:Whor> ·· ·S S|'1.117.52Playground te:Khol·,4. .. · 1146·10.SO
POS.60()11,('c· employet·s .... ....,.. ··
$ 16,1,1;,;6.98C':i< h !':,ym r,1 1 I iii 1/und liy· 1':irticili:,1, t>.
4,0 For sen·ice cutside Chic.,go:Pzindpal 11,(,30.,1.1Intere.t 2,104.39
13,1 3 5.3,;(10 lc,t· el·editable Chicago service:
Principal ..... .. ...... ... 1:;4..:16.81Intri·o.t . . 5,561.2/
1·10,STS.04154,013.42
i!(,tHi. Red,·clned nt Par Value. 138,000.00
1. 0. '1'.·:131,r . ]Sil[. 1{ 41 (le,•ine,1 :it Co,t. ,735,3·16.31
AIi:,4·11.ine ~,u,Brquest by Idi Kinder Shepard. 4,SlS.75I:efund of parmont for collection of liond:. 50.001*11(·1:tinied pen:in,1 1-f·(111)osited into Fund. 555. 1 S
3,427
Total rc·reitits May 1, 1!153 to .\ugust ;1, 1935. 9,:411.649.71
Total lt,crilit, and 11(,Kinning balance. ... .5 9.%15.30·1.6.1
1)IKBI'[EMI·:11!CJ'1'0
1{(·f//11(14 „1' 11,·i„lic·rp•' 4 4,!ttrilititic„%4.¢lue 1„Ca) Changes in rates of contriblition. 5,147.17(b) ReBiL:11:ition ~,f teachers. 15,775.48(c) Revision of (,lit.ide time. 89.00
21,31·1.6614·1,*ion :rn,1 114·,trilt Pit. ment,i
fit·ohs tinsion I '.1>·ments:Bervice retit·em/nt.,. 2,1 96,77 1.771 Jis:Ll)1 lit)· 11.125.46Widows' ... .... 5.01'3.31:over:i,Inary 711.·10
2.21700LS:'I),Hluct:
131111 ('ro·,:;Illw· Alic·1(1 1,1·,·!nitambwithlield . 2),i,66.us
Xet 1)<el.bir,M !):lilll€·1~tl 2.217 9:*%_78
Add:Blue (St·„ss-Ble:i· Shield premiums
])aid ................. ... '. 29.063.15
2.2·17,001.9::1,(·.lth Benetit li:lyments:
kefunds „f contril,utions.... 2/,1,12./2Single-Munl bene !11 ,)11 de:Lt h in Men·1(·e 15.250.On ,$500 (single-sum) i n de:,th c,f pen-
:1011:18 .~... ·· 500.00
39,762.42
2,286,76·1.36
September 16, 4 1955
Uln:ini.trative !•'.:iwn.e(a) Oflice.:llaries:
Not :alai-irs 1):litl. .$ 25.:12".11„C'oiltrilititicins 1,11· 1).11:1„ils. 40$.61,H~~7t~InT - Blu,·Shi,·1 (1~ ~1,12·11,ium~ - s.-Inconie tax withheld. '1.5/10 2 0
5 31.271.75f 1,1 Professiona] .frvices:
Actuarial - .\. .\. Weinbet·:r 11/1/55-9/30/65) ........... ........ 2.511().00
1.egal-Kit·1:1:ind. Fl,ininL:, Gi·,·c·it. Martin& Ellis (12/18/54-6/18/55)............ 2.Ami.(,0
13„mi .\Uvisor>·-St:incl:ird & Poot·'. <1„1·11... .. 2.500.Of'
Mudic:i! ... 20.00
1,520.00(c) Rent-·1 month:. ... 1,602.00(cl) Electricil,· 160.691,0 Telt·phrme . 178.0:1*13) '1':11)111,Ning servic·t·.. ....... 792.:,00:) iliscell:im·ous .1!ice supplieN 5/)·1.t/7'11) Printing:
Office forms :111(1 sul,1,lie.. ':67.011Brill,·tins and petition: 1.450.01)AnnU:11 1·,·ports ... 1.625.00Proereclings .... .. . 275.0()
4,107,1)0fi) postage ....... 1.141.33(j) Cost of C,)11 (·etion-lion(1>: al}(1 int,rf.:t 21.61
-'.-ik) 1111!r, Cl·r,K:-In,ic· Shield premium:. ....-.,cl) tnsurance IN *·fililrills . . 105.00An) I.egishitivt· /·x p,-·nies.. ......... ......... 991,30(n) I·:xpenses: of trustees fr- iii 4/1/51 throug') S/:;1/56 1,flo.no4 n) ('r>111·,·rition ,·Xi,t·nses (Nation:it Conferener 011
puhlic Emple·res Retirement Syst,·m'4. Mu-nicipal Finance Oftler·rs' Association). 509.02
i P, -Tife,41:in'·<,11< ,·xpt·ns,»4 - 186.93
19.SOS.78
1.4. '1're:i,dir, Hill- Ihir:•11:lied :1, C.Mt.... 5,527.149.14
In.(•M¢....4.
i:ond: pul"('h.!Se(1 (1).11 1:1|1110. 1,#56,000.001'/./.ill!11. t):tid -....... -.
1,SSO, 653.211.ess discount . ]3,03·1.:111
1'111'{·11:lbi- pri,·, ..... 1,%67,618.82
.\(·(·1·lit·,1 i"ti't·'·>t Ii:,iii 12,346.54
1,Sig,965.3 1,
1'-1.,1 IliNhur.,·111,·lit. 11,1, 1, 1"n; flir,itiuh .%11&*uN, 31. 11)55. ..,. 9,71,5,302.24
c :1411 11:'111„«·i•. %114,14/ Ht. 11)55Ca:h-r 'it v ' r/,·'/.111·,·/· .... 79,166.37
(':15<h- Onitl!11.Wnt 1·hind.. . 835.99
1--10'1!!!2..!11k,·Ii),·I·tltill,· !4111,!liitt,·,1,
CENHi;i·: o. MKIERI)11<1{KS,Financial Secret:irs.
September 16, 5 1955
Tax Levy for 1956
September 16,1955.
William B. TraynorPresident, Board of Education228 North La Salle StreetChicago 1, Illinois
Dear Mr. Traynor:
This will serve to remind and notify you that the 1955 amendment toSection 3-1-64 of the School Code requires the Board of Education to demandand direct the City Council of the City of Chicago to levy for the year 1956a tax at a rate which, when extended, will Produce the sum of $9.000.000 forthe Public School Teachers' Pension and Retirement Fund.
Yours very truly,
Evelyn SholundExecutive Secretary
On motion by Mi·. Meierdierks, seconded by Miss Taggart, the four-month state-mont of the Financial Secretary and the letter to Mr. Traynor regarding the 1956tax lory wore approved and ordered printed in the proceedings of this meeting.
mE'QL_
9,]it,·inb,·r 16. 1955
REPORT OF COMMITTEE ON FINANCE
Contingent AccountReceipled bills, cancelled checks, bank statemonts, and other :11111)01·ling docu-ments covering expendituress for the period from .July 29, 1955 to September 14,1955. inclusive. and totalling $669.6,5 wore audited. The committee found thatexpendituret; had been macle propel·ly and recommendpd that this account bereimbursed in the aforesaid amotint,
Bills'I'he following bills were presented with the recommendation th:lt they beapproved :ind paid.
A t 1 <I M A 1 11 t i o n e ]· R
S/31/65 Oflic·,· :111)/ilir·: ..$ 639.68
11:irn:ird .t 1!iller:G/17#55 to i '1·inted ollire forms and :4111 11)li,·:.. .$:;.650.00
9/14/55 April procordings. . 215.0(1
3,865.00
r 11-. IIi,chin Comp:,]ly:
9/ 7/55 Minwogral)11 supplies. 23.35
]In J e.4 Mt:allit ic':11 >;Fri·ice. 111('. :6/22/55; to Vet·ification of statistical cards, 11:ty, .lum·, -\ill;ust9/13/55 1~55 .... 59.SO
1':inni,1:1-lie:Iver. Inc.
S/30/55 Cart~on 1):lilli., 66.3%
Pit.ry-lili.eM. Ine.:
9/ 7/55 M:ichine inspec lion 9/1/56 t„ 8/31/51;. 56.10
it«·1,111,;rfirn I{find, Inc.:
8/26/55 Adding Machine ril)1*11. 5
Mt:incliard itc·Ki,der ('ci.:7/13/55 14·nsinn checky 250.81
$4,963.67
1955Set,le/lit,Ir 16. 7
Refunds and Death BenefitsThe committee reported th:lt documents I)£'i·taining to daims for refunds :indd(,ath betwilts for porsons listed heriwilli were examined and verified. Appli-(·ation fol· refunds :i/(: 1·t'Signation were 111 .L(le by lie!·KI)tls who .ire no longerrmplored as teachers by thi, Board of [=clucation. Applications for refunds ofemitributions for widows' pensions wei·t- marl,-· l,y pel·Hon: who Wrre not
,·lititled lo stlch benefits at the time of their respective retirements. Claims forrefunds of contl·il)utions and 101· 1)ellefits payable (m death of teachers and1)('Ilsioliers w,q'(, determined ;1[tri· certifying datrs of (10&1'11 and f·stablishingproper evidence for each beneticiary. admillistr'ttor 01' exurlitor. Tlit. committeerecommended, therefore, tlmt refunds :ind death 13,·nelits bi· ;:ranted for personslisted herewith in the .:niounts specified.'1'ho Conimittre reported furthpr that other refunds to contributors, listed liere-in, wel·O paid at the time a report on thi :litdit or $411(:11 colitributors' accountswere stibmitted. ;11 0:14'h e:ise, tile 1·(~flinds wer,· dito to changes in rates ofcontribution frn· credital}le service or to other required :,cljustmonts in the:ipplication of automatic: inerrases in rates of contribution by the Board ofEducation. Il was recommended that the payment of these refunds 110 con-iii·med and approved.Ii,·titi, ilA:, C iti'Nign:ttinli:
.\113/·t•(·lit. 1:.ul;:it·,1 1|.-11,·X:,11(12·r. 13*'1'11:lm·th· .~ 971..;5.\11111,111. Mon,1 1:.
51'q.61,Barnett, 1,1ic:ill.· M. 773.16
131:trnhanit. [Cliz:ibeth M. .. 1.1)8~;.111,Bri,Its„n, 1),·1(.ri: 11. U3BE1 (IBottom. William .\... ........1:1·./111. Isal,el. .......... 119.5 1Hritton, 1·'st,·11„ 1... .............. 115.2:,Bulinski. I>„1(,1·is P...... ............ 126.60Cable. Imt·tiara D........ 3·16.11.j
1.51,6.74,Corng:in. 1·'ton·nee i.. ·· ·· 637.51*lionatelli. i:.Ic'·111:11·Y V..1''n'_r.·1, Miriam........ 42'LOGIC>·Kt·111NWh. .LOwt 11.... .. 513.00Fitch, 1:velyn H,... ............ 137.60Garili, 1'0:,·11:try ...... .. 258.00Cents. 11(·In.n·,iint·.... ......~.... ... .. 379.9.1Grapelitilit·. T'Nt.tilfir F. .. 5117.9711(*lier, /hdores... 1]!I.*;Glit'l<inT, (;111111:11· .T.. ... 1St).76Hoobel, Idler,·ti:i \V. ······· 711.00Hoppe], 1101·<,th,· M. .. 426.70.I:i'·f)li.. J.111'· .\1'1k ·. 22.01,1:4·1111,·dY. 101,i:, P.. .............. 5,56.25binii Anati ......... ........ 11 t)IS1:11)/11:, li illial/1 F_ ........ ·1:)6.*10Kranlet·. 1Cilt·..11 H...-.---.... S~1.00Eltrgil". C:i:;imir .1.. ............ 210.SOI,:ineaster. Lucill,· 11. ............ SS(; 25I.varner. 1'.itricia G. ........... 250.30bmw·, Mai·,~IM 2 (6.261,ong, Elt·anor. ....... ........ ,;ss.jr1.uric. 1:ita M........ ....... ........ 16>456M.idziai·, .\1111:.b,·lie '1 ...... ,/'.'.,1"
65.:; i;Munro, C:itin·rine M........... ... ........... .. lOwNathan, 11:irriet.... ....... .......... .,.. 7:1.68Xeist,!1. Telien. 77.10Ok:icl:i. (;1:1(lys K. Kfi.f),11:ircell<, I: t,6-in:i . ...... .. iii}8.501:.ock:i. 1,91·t·ttri., .. ... ....... .~. 125,,1%1:imitz, C'hz,1,4...... ... ............. .. ~... 6611.1Xhinili,·1·14,ff. ]:(,M;l/111 M.
.. 1,111.50St:11)I,y, Cluti·li·K l·..... /·19.Of'Stur;:,·„/i, Hetty .\11,i ........ . ....~~. -,02.01~
.......', 114#W,t;iller Xi,lmil JI:le 7 1.%2Ward, J'tilith K.... ...... ...... 172."11Waxler, Miriam L. ······· ......... 7/ 5.(/"Zach€·r, 1,;110,11 C. . 7.15.90Zr,ghlin, Sav'$7 1 f. ....... &23.92
$23,26 6.09
September ] 6. S 1955
lt«·f,i„,1,3 of .1;/111,1,Illit/,1 (:Intrilitatic,I,H on 1)/1,(11:
.\ttw,·11, Edi:h G. C J,&·ph .1. .·itticeN. ben,/ic.za,·i,). . ........52 201. /Baclger, Glacl>·s F. (//lib;rt S. /'ic,·i·i·...ld;i,i:Ii.~~icitor) ....... 2; 1 Sl.21*Mlin(·tte, P,Ltrici:l 1,1 (Lil/ia,1 .1/ c.*Cillic,/, bc),cticia;·.1/) ..... 3.557.2611(,ligherty, Mair>· C. (James L. Dougherty. heir) ........... 2,561.61Huizeriga. Rutli G. CGI· orge .1/. Gia,,·Ne„ and I ,·ah .lt. c.1,18·:w,
bcne/icia?·ics) . 3,418.75Keenan. Katherine S. (James E. 11-comn, bcncticiarv)...... 3,240.23Rosen. Zekla W. (Libbve 8. Ros,·n. licite/iciri 1.-u) .......... :; ,119.75Ross, Marie M. (.lim·.,/ U. Schilield, I·.1·(·cuto,· of estate) . 2,,15.,1,Viseeky . Eugene F . 4 Vii · c, inia I;. 1 - csecl,· 1 /. Le ,irticicirl ) . 1 , 129 . 00Trilliains . Bennic· I . C Aric / aire E', E , ZO . r , beneticiarin . 3 , 345 . 71
4 .1 nit u itni, f.
Kingli· 5'1. m ,·11* tte iwlit „ 1 1)e:nl, 01 't'i·lic·lier.~:
Attn·ell, 1,~ditti G. I./05,·vh J. .ittic,·/I, /tistmud) .... .$2.500.001:111·nette, Patricia IC. (J. Ir,Ute·r /i„nidtr, 1,1·„tho·, ...,... 2,500.00Dougherty, Mary C. C I.(mi·cilec T. Dor<f/'tert.,1, hic,·band).... 2,500.001Iuizenga, Ruth G. C (;corge M. Glassco, bcne/icim·10 . 2,50(I.0 0Keenan . Iiatherine S . ( Jamc .9 E . /ircitan , bc· iM /ic' ici ,- 1 , 1 . 2 . 500 . 0 .Most,·n, Mary (.Var.u .1, (lilli ir . bcurri.2,1 1 2/) 2,500.011ito:en, Zi·1(1,1 W. (Libbvi' n. 1,<,scit, m st,·1-)...........,.... 2,500.flf,Ross. Marie M. (.liar.9 12. Xclintic/(l, 1.':2·,·c·titw- 01 eMfate) ..... 2,500.0(I\49·cky, Eugene I. C ri,wiitin B. 1-r.w·<·1,·ii, 24·i/f).....,,.... 1,5,00.06Willi:zins, 13 -·nnic· I. (Li,(.'lairc· /·.. Kno.,·. Vi'tori,r W. W,Alt,in.
I·'(mnic L. ilan·ison. 1/ c Zcit 1.'. Pitts, Nistri·.4. inicl I·'1·ini/.- .11.WiUMms. /)anid /1.11'illmil:. bi·„th,·i·.0 . 2,500.0"
2·$,1100.Ol)wii,Ble in, m/„ 1 114.,1/lit (in 1):1,(11 01' '[ 4·:t,·1,;r-1'i·ta>.i„ I,~.rh:
Badge ·. r , Gl : idys F . ( Alberta /;. Kninht . bneAciarN~ . .$ 500 . 66Marsh, Rolancl O. (./irlia O..11ursh, bencticiari/).,.... . 500.00Wilson , Irvin A . ( }·: dna S. Wilsoit , bencticiarin .... . 500 . 00
1,500.00
liclia,id„ iii C „„triti [ition* fuir >•(·ri·ic·e iii 1:1(·4.•. 01-15 lenrM in lin• .lm,)11]11 .il,lilic·:il,le :1,4 11,1 OR'Netin the 8,•Sic•irm·y fuir Mer,·i,·r Prior to 11}71:
Mullen, Shirlry .\.. .5 136.62Freman, Min· IC... . 193.201.pally, M:in· IC. . . . 414.0()
743.82
itc.111 11(IN •Df C '4) „t ri lit,ti c n,4 1 i ii· U id„ n *' 1'4•1,4 i Ii,M Per%„nM int !·'.„(1¢lril b, 0„/1, lic·„(·flt:
R.Wil, 038• M.. ··· .,5 162.UuCl:lusen, David C.. .. . 1,92.00Ford, Glen .T. 152.00Ni},1:,ek. Pnoil y. . 152.00
608.00
lic.fu,ad„ :1/e .tdj,1*tment iIi NEnteM or C „lifri|)1,(ic,11:
.\bbey, Marion C. . $ 1.36\lexancler. ]rma 0. 4.SOAn,lerson. Gen€·viove .1. 7.50.\Milla, SU,in.......... 2.00Bradley, Maric: M. . 12.50[,ahir. Victor·ia L. 6.001)uillat). 1.ucille S. ]06.76Fincllay, Elvera. 132.30Garippo. Emil M. 35.00c;lili·n. Ilorli .\...... 10.noIllitrIM, Marjorie ]C. 140.56liaverin I.uth L. 81.70ilibb:ircl. C':ir,11 H .. 115.SO1101·schke. Kalter G. 11.00.Fanis, Leocadit, M. 71.50Jolinson. Gladys: 13....... 178.50.Inseph, Lorraine 1'. .. 27.47
Septe/nber 16, 5 1956
1.und:ilil. Mei·le L.. . $ 14.1,0I,ynch, Mary J....... 77.9(,Mason, Iloward '1'.. .h·. 90.60Miller. .\corcli.1 li. IS 1.511Mooney, Philip .\. . ·10.85Moselt,y. Betholle N..... 19.50Nichol. M:u·:zaret M. S.. . . . 1.78Nicoli, 1:08(~I)1;Li·y .1. 10.50Norton. .\ileen C. 3.50Novak, .Joseph F. 14.0012·,inno. 1.01·etta 1:. 19.50Prende z *,ixt. Mer li Mey .\ . 107.40i"i·i:,1, I.ni: 1..... .. ... 1.871,)1)i"./.". i:tih:.1,•t· 1...... 199.45I:"hin. X:in 1.- . ............ 2,18(;Hahl hz, 1.lm•·1 . ....... SAD.On
3.2535.S 'H:,1111):im, Till„· M........
Hh:,pirii. \1·thill' M. 85.00Hinis, .\11(in·v I, 115.0(3Hizemore. Ball·li:trit 1.- 1)7.4XHi):Hilitillx. Clara G. 10:2.411T:lyli)1·, Lilli:M G. '1.2.0
2*7.93'!'11(,1111):on. Frances G.77.60V·,1 Ze, ·, M:li·ic I:. 6.Do\Valchirk. 0:ral·.
Waxlt·L Mil'i:·m h.,.... 52.60Weih„fu·Ii, 71:,14:11·vt 0.. 7.50\lilli:/1//H, I.../le. ........ 70.80\I.kill·idi.·, Olivetti· 11. 299.60
180.42Zilt!·:1/1,·!. In/i:' i......
3,694.60
$81,375.8:;
On motion by Alt'i. Light, seconded by Mr. Jlrierdiet·ks. the foregoing reportS
and i·(·commendations of the committee were approved. Expenditures for thereimbursement of the contingent account and for the payment of bills, refundsand death l,enefits wore author·ized and confirm['cl for each account shoWiz
above by the following roll-call vote:
Ayes---Miss Scully. Mi·. Meierdierks. Mi·s. .Ic,h,isen, Mi·s. I.iLS|11. MiSH 'I'tiggart
Miss Burns-6.
Nays--None.
S,·lit,·mil-1- 1,;, 1,1 195;
ISSUANCE OF DUPLICATE WARRANTS'1'!1(· comillitic·e 1·('17(,1·Led flit·thf,i· 111at pel·s()116. !1:lin ·(1 holow, 1,24111*':ti,(1 dul)licaten·.:i'l'Unts in lipti *h' the following de.:ci·ilril th,1(1.., which were received andlost, Aflidavils. rel·lit'ying thesi' losses and ill each case indenrnifying the. 1''undagainst .iny li.abilltr·. u :1111:,ge or *·rpr·nic· which nun result by rt·ason o[ iSSUingsuch duplicate wai·1·,i:its, were Mul)illitted also.
- 41,11 4, 4,1,L ¥ 1,1,1 lirr 11:,tr a'//r/,1~MS--X!:rmi•· 1·. .\11,1.*:·:·-in. .31';M.:1)....2.-,5:911;.....8/31/3-i. l'ension paymentMiLI·i,· 1. 1:1·,·11 .... :7.14....222,;E.....1 /2/,5. . Pen;i{,11 11,11·nit-·lit.hhn I.. 11,·moy..... Int.77.. .2:;7:11;.....7 347,6, 1 2.11:hut 1)*' i in ent
On iiintion hy .111·54. I.ight. 5,·c·()11(ll (1 1,>- 111·. Mri 'rdic·i·ks, th,· 1·(,c·Oilimt,ndation of1 his committi'i· Wiii al)1~1·(}red :111,1 the Will·1·:111:% wi,i·e ordered (Irawn by t,hel'oilowing I·()11-(·all 101(':Ayes 1Iiss Scully, Mr. 110!01·dict·ks, Mrs. .10|lusen, Miss Taggart, Mrs. LighLMiss Burns--6.Nays ---None.
Purchase of Bonds ConfirmedThe colmilitte,· on tillillic·*, 1·* 1,(,1·t,·(1 that, in a mail Vote prior to theclate ofthis meeting. th*' 1)lit·c·has,· of ihi· tollowing (1,·st·ril),·(1 13(,11.1:: was :11)1)1·0,·ed alIlit, in·ic·c. lic,led lilli:: :1(·citmed lilit'l·*'At. 11 1·1·~:f)111!11#'11(14'(1. th(·1(·ft)!·1·. tliat thi'1.tit·ch:i:·, 41 theg' t)()114|S l)(' (·[)lillim, cl. th,it they 1)(, 1·(·gist,·:·pcl :is t<) 1)1'incip:fl,und ihai th,·y b:.· accomp:tili, d hy Ull ;11)1)1·m·i!1# 1,,ral (,1}inicm.
1)1·xerilithrn -f Bon,1,4 I):ate «,r l):,t'· „r i,1 I'„r ~:al„,·) Nnmi• of Firm ]MM,le Mnt,irit. lield
$1:;f).1,11(1 1.,Ak Co., lit., Cin «- Northl:ike, G 1 6/1/72- :;.10',;.; '.',.; G. c_). sti,1·11) St·.,·1- 40 Street1!111}I·„Venlt·lit Hond:,
Ill fri. Nicol.ius & (-0.
115..'*(1 C':wk Co„ Ili.. Fill.I~e of Schiller 1/1/55 1/1/9-71 :;.111'':1':i'·1.. ; 1' f,; Ht/·e,·t 15„1,(il15:·cUM. 1.ilifil·,·d & Co.
511.1,„„ L.t'.,• (20.. Ill., Ach,wi l,i:[. X„.111, :1/1 /55 ':/1/7"-711;,g I.:tRi·. r. '; b,·11„„111„11:e Kiti'& 'tl'115. Hi),ids,
Ito..
P!,·1)„116:.11 & C.'Ond„11. Inc.
1/11'.1,4,/, Ge,wl·:,1 M„1'ir: .I. CCe/,1:Ince C,)11)., :'/1/55 :1.11 75 3.759;3··. ' 4 'I'u·,·nly Year I },·1,„tittii·es,·h,lit·11 Collin:&Co.1'. >4. lii,·kson .iC(i.C,(,1,1111,<11. Ric·}15~ &· ('0.
1,111..,1¢I 1';icific T, h.·ph,ep· & 71,·], At·:Al)11 0,·, %/13/33 S//5/91 :4. 3 09.:;9:',; Thirty-,ix Ye,u· 1),·I,ent,Irc·:,
>':·li,int,n Hi·.s. & Hutzler(,4,1,111,;in. H:li·hs& Co.F. b. MI,St·le>· k ('li.liarriman !:ip!,·y & Co.
MI.,1,10 T,·,111, <>*e G.1. '1'I*.111>;iilission (-'c).. 11,1/55 2 1/71; 2,3 0%:; -- '. Fir,41 9,1·:gilgi. l'ipe I.in,·
I ;131(11':tlt.>2·1,·h: 452 Co.F. 54. M,Ac·le,· 49 (.0.
$11·:iny. H]i,SM,•1 & Mi•iii,well
(111 1114)tion by .111'. Meirrdi,·1·ks. H,·conded hy Mr Marsh,ill. the al)(ive 11':lilKactions worr> .11)1)1'111'4·(1 and coligi·in,·,1 br· th, following r<)11 , :111 vote:A,vi» Miss Scully. Mis>4 7-:iggal·t, MI·. .\Ipi,n·(lis,rk:. 111'5. hilills'·11. Mrs I.ight,Miss Iltit·ns--Ii.Nays-None.
SM,·mher 14. 11 1965
Refunding of BondsThz· conlinittee on filianct· rel)01'led thal School District Nu. 190 of Henry andRock Island Counties presented the following 1·(·funding proposal:
11().~1,+ OU'XII} In '1'ill. 1,1 X/)
$10,000 Henry and Rock Island Counties. Illinois. School District Number190 (Colomal, 281% School Imilding Bonds, d,lied March 1. 1950, dize $1,000each January 1, 1962, to and including 1968. and $3.000 due January 1. 196!4
I'() ill·: 1'.1(:H.11(,I·:I) 1'()1£
$10,000 Henry and Hoc:k Island Counties, Illinois, School District Number190 (Colonia) Refunding 13onds, bearing the same rate of interest (29% )and the same maturity dates for each bond as the bonds which are nowowned by the Fund, and with an approving legal opinion by Chapman andCutler.
The committee recommended that this exchange offer be accepted with theprovision that, if any other holder of bonds of this issue is offered or receivesmore favoral)10 ternis of exchange, the Public School Teachers' Pension andRetirement Fund will be entitled to receive equally favorable torms and withthe furthei· provision that this condition shall apply to any future refunding mprrparmont of this issue of School Iluilding Bonds.
011 motion by Mrs. Light, seconded by 111·. Meierdierks, :he reec)mmendationsOf 1he conimitter wore adopted, tim above r(,funding of bonds was al)1)roved,:ind the exectitive secretary was 01·dered to 1)10(:i't!(1 \% ith ,lil liegotiations thort'-for hy the fcillowing roll-call vote:Ayes--Mis4 Scull:.·, Miss Taggart, 311·,1. Light.. Mis. ,lohnsell. Mr, ilpierdierks,Miss Buns-6.
Nays---None.
Sel,tember 16. 12 1955
Ratification and Confirmation of the Sale of Gift Real PropertyThe committee on filiance reported that in a mail vole pric)1· Lo the date of thismeeting, the trustees approved the following resolution, which authorized thesale of a 4-unit apartment building bequeathed to the Fund by Ida KinderShepard, a pensioner:
BE IT RESOLVED that the Board of Trustees of Public School Teachers'Pension and Retirement Fund of Chicago hereby ratifies and approves ofthe sale for ihe sum of $15,000,00 of Lot 3 of Tract Number 4524, City ofSouth Pasaclena, State. of California, and the improvements thereon: and
RE IT FURTHER RESOIA-ICI) that the President, Susan Scully, and tileExecutive Secretary, Evelyn Sholund, of this corporation be and they arehereby authorized to execute a corporation grant deed and/or any otherdocuments required to consummate the sale of said Property.
The committee recommended that the foregoing resolution be confirmed andratified.
On motion by Mrs. Light, seconded by Miss Burns, the above resolution wasapproved and ratified by the following roll·call vote:
Ayes-Miss Scully, Mrs. Light, 111'S, Jolin.en, Mr. lieierdierks, Miss Taggart,1Tiss Burns-6.
Nays-None.
September 16. 13 1955
Authorization of Signature on Checks
The committee on finance presented the following resolution:
BE IT RESOLVED that the Board of Trustees hereby authorizes the ofnce
manager of the Public School Teachers' Pension and Retirement Fund to
sign, in the name of the Fund, all proper warrants and drafts upon themoneys in the Fund; and
BE IT FURTHER RESOLVED that the Board of Trustees hereby ratifies
and affirms the action of the omer managpr of the Fund in heretofore
signing warrants and drafts upon tile moneys in the Fund.
On motion by Mrs. Light, seconded by Miss Taggart. the above resolution wasapproved by the following roll-call vote:
Ayes-Miss Scully. Mis. Light, Mrs. Johnsen, Miss Taggart. 111·. Meierdierks.Miss Burns-6.
Nays-None.
Salaries for Office EmployeesThe committee on finance, in accordance with the action by the Board ofEducation for its office employees, recommended that the January 1, 195,1salary sched)110 for the pension office employees be revised (1) by increasingsalaries for each yearly level and in each salary group by $10.00 per month,effective September 1, 1955, and (2) hy including in the salary schedule thefollowing new classification:
GROUI' A--(.1/i,U ~zild /ik clerk)
First year..... $235.00 per month
Second year and thereafter..... 250.00 per month
On motion by 111·s. Light, seconded by Miss But'ns, the recommendation of thecommittee was approved by the following roll-call vote:
Ayes-Miss Scully, Mrs. Light. Mt·s, JolinHun. Miss Tagg:lit Mi·. MpirrdierkB.Miss Burns-6.
Nays-None.
September 16. 11 1955
REPORT OF COMMITTEE ON ANNUITIES-
AND CREDENTIALSPensions
The Conimiller reported ilmt applications for ponsions wc·re presented forpersons, herriliafter listed. wilh the recommendation that the pensions beAl,1)1·oved and grant,·d in the anic),mts and undor the condili:;119 soL forth here·with. In the case of pach applic·ant for set·vice or disability retirement 1)onsion,the employment of thp t:ac·hc·1· 11:id terminated oilicially, the leg,illy prescribedmillinium years of traching st·l·vic:e were completed, and znquirements Withrespect to age li f applic:111)le ) wei·p fulfilli,(1. The :,1,1)licants for reduced retire-111(!lit pon..ions m:lde cim· and proper el(·ction to recoin! sliell PI'llsions in Orderlo liLly a l't'VersE(nmry 11(?lision to a survivor after death :ls t.c~ac:lwl'-11(~Ilfiollprs.The :11)plic:ant for disability 11*·1)sion was {1*'clared by three compolent pliysi-cians lo 1)4· sufforing from a clisal)ility which wholly and presumably porrna-nelltly illeapacilate,4 her ft)1· teaching. The applicants for widows' and revor-sionary pensions furnislwd proper ,·vidence of their light: to receive such1) I'lisic)tls.
Al(·lilier'.4 4,·11()(,1 0,·rviee.I 1 IN. T. 1}ate
No. Nnine (if 'I'c:teller M.·Il:lier'M :t:It[IM MOM. 1)11,·% Fr,int It:ite
(}["1'I{) I.U. w!·C]E VICE Rl:TI[El·n/EN'l' PIC)*IONS
87·12 13:irrelt, Katherine.....14·pt. >41),·c. Md_ .27-0-li 0/17/55 $2,183.205743 Bcci<ley, Elizal,rth 0.. .1'ildlong .40-5-0 4/25/55 3,103.9607·1' Bi,wi·r·, 11,7, 13.......Na:h ...38-7-tO V 1/55 3.1/';7.0887·15 WAwdM:11·jorie V..... 1,111(·01. ...........:12-7-10 4/25/,0S 7 t G Brown, Cly(le 11........f,r,ke Vi i.·w High. .01-5-n 1;~25/55 2,2:!0.1)*57·1 ; 13yi·mis, Ci ne'·i(·Ve 54. :-c·:inl:EN.............2,2-2,-11 S/26/55 2,·1(,·1.Xn8718 Campbell. Ii,·1,·„ C. 1"lit. 01 1',·10,1111,1..:~4-,-111 ,/ 143,5 3,1:1.5.21AT·11, Carev. 14.1 c.nic,i· M. .f),rlesliz- ...........HS..·1-11 45/9 3,(,2,;.41><750 Carlin, Philip J. .liarper Iiigh .41-9-10 6/25/55 :;,2:12.56S751 Carlin, 1:uth M,.., l,ister .....29-2-10 6/25/65 Ze17.144,115 Cederbolin. May K. .34-1-1, &25/55 3,07!1./1/': 762 Cherny , Fern W . ..! I . Lu ;ran · ·· . 11 - 8 - 0 ,/ 25 /55 3, 281 . 2 <876:; Conclon. 1.illi:1 1. . DI·vant ... ·· .11-1-10 6/25/55 3,217.SO8751 Cote, Mary 71. .. ..st,nve ...... .12-1-1'~ 4/26/35S755 Dr·Pri,«t. Li·(lin M... ..DuS:11,1,2 11 ich... .3·1-7-111 6/2.4 .'., -,i,'.,.",. .. r .1 . I
+756 ni:.I.trtiins, 1'.lilli 1·'... . .I·:111,·Tvm),1 I i i ;: 13 ... ~: 5 -7 - 1 0 4./25/55 2.0.68S757 Di ,· lb , Grae , 1 1 . . Marshall 1Ii :rh ...... 22 - X -'. 1 1 / 15 / 55 1 , 1 ( 11 . 1 ; 08754 Ford. Glen .T........ ..'rit,1,·1, 'i',·ch. Iii:.11..2,;.,1-1, G/25/55 2.165.1447;4 fireen. .\1)1 .*:,il M.... .>410wi· .,12.9... 4/25/55 3,:16':.72
Gust:irson. ST:,i-Th:L E. .11··11 ... .... .3:,-2-1 0 ,/25/65 2,171;."S& 71; 1 1 1(·Itz,21, Elf,1. .· .M,n·.411:111 High. .·11-9-10 6/25/55 ..,...,-.56...
617:, K,·,·ch. M:,i·y I.. _ .·1':ift 11.i:rh. ... ..1-11-1" 9 1/55Nif;2 1.1,)\-lihiK. Itilit:, .\. .1·..re./vill,· ;I-1-1,4 6/25/55 AW'fSX769 1:nplin, Juli.1 H. . .Xetti·ill<,1·:41 .29-8-0 6/25/55 2,Or, 1.76%761 Ki·:vit, 1-trith:, M. . 1'.1/'illi'li• . ... .11-1-10 ~/25/55 :;.·175).7£#765 Lan;ran, At M. ..\11>twi lligh . 2, 5 ·4-1 4 /./4·:.1118766 I .iclit, 1C.,11!.1 1)..........li .:11 K:111 . ·· .12-0-0 45/55 3.2.6.1,18767 Lorkwor,<1, Edith W.....Fornwon,1 .. .25-:,-1,1 9/ 1/56 1,819.5687,1>: 11.1:icl:. Nellie H........Hil,11:11·,1 . ... .36-6-1/ 4,/25/55 2.663.9K7 G!1 M:wl:emn. Dilla W......Div. of I,il>taries.. .2,;-0-10 4/ 1/55 2,lot.4·1'4770 M:acid,·11. .11,1)ie n. .1,:,Favotto . '1:)-/1-" f/23/55 2,380-OX971 M:illov, Mary D... ..Mann ......,. .2/-1-10 6/25/55 2.1·16.328772 )/:En·,1,11. 11,~dri;: 1... 1,11>(nble Iii:rh . .21-6-0 6/25/55 1,600.205773 X!:11·tin, Anne. ... . 11-7-10 6/25/55 :;,271.568774 Mill:. I•'red,2 1...... .1'il!·istor,11,~1 .28-0-4) c. /-5/55 2.062.04s775 Mitc·!man. 1,„Me C.......X·,ttellini·:t ...~,4-1-10 7/14/55 2.301.964776 Nil,lack. Pant Y.........11(,litetin!·„ ...... :/19/55 2.1,14.52
" ... F..iii u. 4,1111,)1·, Miniti,? C.....(;:ILI· I':Irk ICI,·111. 11-9-10 ., 6./.'.) ·D,-I-..'STi~ P.,111.(,11, Ann 71........S|,·wai·t 11-0-0
Philhin, i.:1:i,· w........A, hiev ·°,7-5-11 :15.525RR 6:RN#ai705!1 Philliris. Mil,11, d X. ..!.i"'·(,1,) .·10-3-0 8/25/55 3.126.1287%0 (,Hiril.in. Mai·\· F........1,arn'in ..5-X-0 6 /2 5/5 5~781 1:,·MICe. VICI,)1-i:i I; ..SI.inp :11-1-10 G/25/,5 2,19,;Its:782 1:.31.. C:'.sie 1:.............1,/rl· ..8-7-" 6/25/55 2.299.42<7>N:1 1-:limm,·1. W:211,1· .T.....Til,1, i, 7't,,·11. Hirrli. 30- 41' 2,127.364781 1:ussell. \nne R........Hehur· High. .13-6-0 6/25/55 8,416.11;+78.5 1<yan. jint·v C.. .., .:,ttlieriand .42.!-10 6/25/55 .:,3.:O.0,1#78/, Hands. 1::1 f hr.vn 1 1 - .Mn}'fr:ju 1':11·1: Hil:·11 12-%-lo /,/25/55 2 '.0/no8787 S,zvage. 1·mith C.... ··U':13:hi )111·ne '1'r:,(l„ ..:11}-·1-1 „ ,;'-5/53 2,:'30.5¢;
1n8785 Sheridan. Verna K. IT'/1/1.. .........-I)-Ill'. 7/27/55 1,136.52
Heptembrr '6. 15 1955
47.St# Hilirlt,·r. Mary .\....... I':ti-1:>ide ...... .,;0-;-10 S/ZS/55 $2,060.048790 >41]lil,·illeiter. Ellen ]:.. 1'1;~i. >:111„·1'i'j.(ir....27-8-0 7/25/55 1,660.OS8791 Sten·:Ii·t, .innett,i. ... 1,211·. ('liild nudy ...ri-7-10 6/25/55 2,SN.,6ST '.12 Tnin : ls „, Ann 11 .. . Tilion 5 / 5 /55 1 , 857 . 84SUK, Tonilin, 1:thel......... M:i,li:cm RA..9-" 6/25/55 3,1,3-1.08%74 1 Trotter, Rlible U"... 0,ll:land ....... . 10-,1-10 6/23/55 :;,180.12ST!15 IVAgner, liar·ry X..... M:tr:hall Iii:~11. ,2-0-0 6~25/55 2,21)2. KST!'6 Ware. 1Cdn:, L. R. 1:10,1-nell ..........37-5-10*71,7 A-hilney, Anna C...... Wt·st Pullman Voc. .39-2-10 2552522 R:BUYIN*87!#N It·vint·. Isal,el 11....... Scott ..............36-6-0 6/25/55 2,233.84
foit ,·z, Ch„,2 01 a r-<'i·(.i·sio,(u:·i, pension f.1" ct .:urt:irm-. in the a,non)it of F..5,5.8; i}cr1 / f ' it n .1 / ix : //' lim ·'.: 1 f / i )· emintt 1 ),t ), sion of $ 2,> 26. 12 2 , fr „ i-, 11 · 1,(ts r ,·duced to the rate'12"un(E"t>1~('. )
S 7!/f) 1:i:k, I·glsie G...........1:4·:1111,ieri ...........St)-S-10 6/25/55 2. St;*.60i ()11 ricet i.1 0/ a rel·('1··:i.,rai·,/ vcm.:ion for a .surrivor, in thc <Im,)11)zt of 82,08.*,0 vcr1,<·,21·, .1/r.9. 1.'t.·/.-'s i·,·t,1·,·mi·,21 p, 11<i„,1 ,i; S.;. 1.;'.i.,3 1,i r .,frer 1,·frs reduced to th,' rate
··al f,Nut n/m:·)XX"" Minlin<"11, /:abelle G.....('i,1}n:zii ............:,2-0-0 6/ 1/55 1,SO 2.61
( 011 ,· 1 , f · fir , n fit a ,· · 1 ·, ,·.5 · 2 „ 11 < f ,· 1 / 13 · usion for u Murl · MI·. M tbe am ,) 10: t Of 81.502 . 6 ; peri/¢ ar, .1/1·N. .<i Jitjj6(,)1 '.: 1'<'ti#·f~;#1,·11 1 1,4·11,1,in of S.2,0641.09 1,( r m;di· irm, rcilicced tn the 7·atc*ht,1,·n ,ibnre.)
Ss()1 St,·ick. II:izel 14.........11:,ugan ........ 11-0-0 4/23/55 2.989.SO(0,1 f'/ection 0/ u r,·1·,·1·NE„„ir,·i, 1,r·ir.ion fin· ft .:,fi·,·irf),·, in flic itimillilt of 1/,3'/0.4'* vcrurin ·, .lirl . Stri ,· 1.·' I ,·,· fir.· m , nt vi · Ji .~· ion „ f $. 4221 . 7 1}cr *, 11 - 1·(·(luccd to thr rate
U/,01·C.,1Kvn2 >:litclit-fo. 1101,011.........\:ilirlis:ingen .....12-2-10 7/ 1/:,5 2.687.52
( 011 rititlt) 11 01 11 1 '1 ' 1 ' f ' 1810 ) 1 , 1 , 1 , 11 ( . M ,) 1 for n .92 ( 7 · 1 ir ,) 3 ·, in the {tmount of 52,1,41 .:C per.,irm ·, . 1 / is .9 61 / tch /7-, N i · i ·/ ire :m ·, it l ), Mirm of 8-1 .-n ..#13 1 ,¢u· :/crir was i·cduced to the 1'(ttrIh O U 11 U 13 )1·C. )
XXO '; Thi , ma:. Chertrude L....>4 · 1111 1 -lik:11 ......... 5 -1 - 8 - 10 9 / 1 /55 2 , 17 ! 1 . 92COn f'/Cction ,)/ n i·,·1·41·Nic);1<in; pension 1,)1· a survivor. 111 the amoloit of 62.17+1.13 lic·;u ,· cri ·. . 11 ,·s . 77h ,i ;,ifix 1 - I ' til · f ':I , lit 1 }(' i~NiI ) 11 n . $3.164.05 1)Cr 11 £(Tr /, rf 9 rrditred to Nic rate./lf,1/·11 ff/„)]·f'.)
(·init'l l.%01{1 41,2,]t,!(·1. 151·.,1,11(l.Jil·.i,1, 1,16:XHI{)1%
·.XII .\d,ti,ib.1, Ch.orgi:1 K.. . 1,11-,·inan High .. .11-6-10 G/25/55 FAN.71;Sh<15 15:,ker, Ch:liles W. Sullivan Ii|Lrh... .11'-11-1, 11/25/35 3,2!it;.2S ©MS(IIi 1101:ly, ()livt· V.. . liyde Park High....37-:&-11 s/ 3/55 231 It.21)SK(17 Billie, X1111.1 K......... .1211,·s ('„ininerei:11 ..11-:'-11 7/ 1/55 .1,2&:1.St<-S %,1 X 111.ick. 1·'1(,I·ellec· I,.. 1:,k,· View Iligli. .11-·1-10 6/25/55 3,471).767·15,1 Hon·yer. Lewis II. . }I,·,1,· 1':,i·k ]ligia. .:;5-5-111 G/25/55 1,470.Or7501; Bromley, Irem W.. . 1·'i(Mil ... .11-2-15 6/25/55 1.007.56*;54!1 1hillen, Hhirley A... .. 1,111·1):ink .... .15-5-n 6/25/55 3,340.01-%,11:' C ..111 1,1. \/,el........ . Mon·IN:'11 High .40-2-0 6/25/55 3,161.·toXX111 c '1:11·k, Florence E. . 1·':ll·l,l:nit High .35-1-10 6/25/55 2,TX;.16X811 (*1:trk, 1;(,se A....... ..... .43-5-]0 6/25/55 3,112.44:*12 ('1:,119,1, David C...... 11:ul'im!1 11|Kh .12-1-10 6/25/55 3,3,17.56NX 1 :; ('„11:tilt. (,ince ]:.... . Phillip: liigh ..; GIl 9..1, 4/25/55 2,%%6.84*2*,1 '„,11.. 1':,th,·tin,· .\. R'M... :"S-5-111 4/25/65 1,69:9.OX*:,111 , m,itilitis. Clycl,· M.. . 1!:11~11 . :')-7.-11, 8/25/55 3,0:,4.207%£12 mly. 1·:11(·11 .\... .....111·'·:.It .. ..... ..15-:~-11 6/25/5.5 :1,:;%0.01*<<IJ, lit·t'..\lf!·i·,1 0.. 1.:ine T,·ch. Ilitrh . -I-/1 6/25/55 2,5·IT.12
.:.x-r-1~ 71 1/5-, 3.1,61.1)5.)„i•V, 2:1(11*• .\... . /,111('"!iiA /1/1:1 1/. . ]44'i-'."' .·Ill-7-/0 7/ 1/56 1,SSS.OX'
\11.1 ",)x. William P. . (; reeb' v V.,·. .15-0-0 4/25/55 :i.:;SO.1)·1*7:,47 ·'recm:m. Main· 1·'... . Chi. 7,:1. Col. ......45-7-0 4/25/55 2,200.0%.%X 17 ·irrnch 1:,:A. 1·1 ('hi. '1'<:I. C;,1....37-0-0 6/25/56 2,921.740X>;10 (ir,·en. X,·lie B...... 1,·1,4,·r likh.......5-0-0 7/15/55 2,771.88>2<19 yanil.ul. Grace..... . i.ilic„111 ............·13-9-ii 6/25/55 3,438.Gl)8%20 - tarv,-·y. Charles L..... Tilden Tech. HiL:11 ..32-5-11 A/21/55 2.5 8 4.(; SS.821 1,·11111'1. 4'„,-inna . . :\/''I.:ill . . . . .:1-1-0 .'-.>/..)r •ilili i i.- n . I
8~15X Inrine, I:"v C......... 1Ii,·>ch High .12.3.0 6/25/55 3,130.0 +KS.2 I.,<·1.111,1. inizabotli (3.. 1,1:titi, ..... ..1.1-0-" 6/25/55 3,416.01X82:1 C:,ran:urh. M:,tril:lien DWells Iiigh ... .41-1-10 6/25/55 ..&-...I ·'. IIi'.
7621 Wiwi ,· dy , .\ lice L .. .... !: iliner 11 - 1 - 0 1 / 1 /55 2 . 320 . 08 *882·1 :,·11 11 i,cly. 1·-lorence W.. in·ift .... .12-5-0 6/25/5., .....,d•,......
<825 :iint)le. (i,·rti·il,1, .. . 1-Z 12.1)' tt" ..... .·11-9-111 6/25/55 3.292.56*';826 -C,wistra, Trilliam. ...>4( tith Shon· Hich .25-0-8 7/ 1/5, 2,022.84**027 ':11·kill, Cecili:I (1. . 1,r)(,1.t . 12-0-fl 7/ 1/55 3,296.28*7%15 .rahy. Mary K. . 1,·111, ......... . 14.6-" 6/25/55 2,200.OS•N.ZE „ c,# 19, /uter Tr. . .11,11·,hall ilidi. .3%-4-1{) 7/ 1/55SS'.il ,*,r, Glen .\......,......\11>din iligh. ...;5-1-10 7/ 1/55 2,78:;.1 '; 0AS:40 ,·p. Marj.rie (i..... . Henn High . ...·...41-5-0 6/25/55 CK::.61)SS,1 ,il,(1,·1)(11·&4. 1·'(lith I).... (;ci~·the ...... .....·17-5.0 6/25/55 3,:191.oK
,in,+,·19·1·, 4'1:,rence.. Distriet 34111,1.......37-4-1, 7/18/5,5 2,11>2'i.211. 1 Int·gan 1':ii·k Iligh . H-1,-91 7/ S/55 ;,221.111NS:;1 .nlp/1. 11:lry V. . (;(imlier>< , ......, 6/25/55 X .1!13 goX021 .r'In,+ .\li(•9 .1.... . Gra!11 ····· .25-9-11' G/25/55 2,475.00•
CS:15 \1:14·<i,uml,1. 1-,·il:! 1, .Irvii/:r i:til. .81-5-0 6/25/55 2,509.68KS36 01,11·sh, 01 671 ........ . Ni·ltelll„r:t . 14.1; .1. .. . I .....7/11/53 3,374.SS
3.491.76*Mer,1110 h. 11,1,1- C......c'lay .·*:1-0-11,
L-
1September 16, 16 1955
%838 MeEw:en, Mal)el lt. . .Livell .. .41-5-0 4/25/5,5 5:1.·ISS.GO$83,1 lic(3linn, Vera A........Clissi,1,1 .... .44-0-ln 4/25/55 3,4.19.RS©%810 Minnis. Lemuel E.......Fh·ford .SS-7-0 7/13/55 3,049.08SS41 Moorhend. Madeline M..15111·r . . .21-0-10 7/ 1/65 1.710.40*SS / 2 Murphy , Harriet L...... Sawyet· ........ . 40 - 8 - 0 7 / 16 R5 5 . 180 . 60SS43 Murphy, Katherine J....Lindl}lom High. 44-1-0 G/25/55 :;. 1 53.GOS 8 1 4 Murphy, Man· S.........Sullivan High. .36-6-0 6/25/55 2,891.767290 C)'Conti,311. Bdssie A.....Lindl)lom High. .42-0-10 7/ 1/55 1.900.OSI8369 C )' Connor, Vincent L.. . . Fc, reman Hwh . . 31 - 2 - 10 6 / 25 / 55 2 . 005 . 08 .8315 Oertli. Ira........ ....Harrison High , 41-2-10 6/25/55 3,2·40.12*SSIG O'Malloy, Mae N. .'ruler liigh .. .44-1-0 1,/25/55 3,453.GO7833 O'Itour·ke, Helen R. . I , . 13-3-15 3/12/55 3,267.60•SM; Parmelee, Jane M.......Calumet High. .83-6-0 S/20/53 2.667.(10<Sts Pierce, Paw R...........\!st. Hui)t. .40.7..U 6/25/55 :3.148.8 1/8.19 Quinlan. Gertrude M....Cook ............ .41-5-0 6/25/55 3.25 8.8-1SS50 IZ:ithlmn, Ruth M.. ... IIarrison Iligh . .10-8-0 4/25/65 :t,165.12'SS51 Reynolds, Loath:z A..... Burr ....... .36-5-111 7/ 1/55 2.,73.16.SX52 Roberts. Louise A.......\zistin High . .42-6-0 6/23/55 3.3,11./S.4453 Rudd. Luella S..........\i'71(,1(1 ... .42-9-10 ~/19/55 3,367.44SS,1 56:1171)er;r, Rehe.cca C.... Ciladstrn,> 11-0-0 I '.r .r-.'-,),I•' 3,·111.:K
:l.':1/e. Nonie W......Shop:irc] 35-6-lc, 4/25/56 2,115.00•'855 Schaack. Loitise S......(;(121(ly ............ 10--1-10 1,/26/55 ;.18{).12:8%56 Sc'hurssler. Glistave F..Ily,le Pm·k High . .59-6-0 6/25/36 2::67.36.8857 Scott. Mittie Y..........>40,111 Iligh .... .37-0-" 6/25/55 2,921.76885 * Seabur ..·, Rollins A ..... Nor , st , velt 1 -ligh . 3 . 1 - 8 - 0 6 / 2 .,/ 55 2 , 756 . 88RS;!) Seefel(It. Catherine....,Bennett ....... -36-9-(1 7/30/55 2,914.20SS *10 Seery, Margaret M...... I.<·wis . ·13-3-10 6/25/53 3 359.16•7304 Semmelmeyer, Lillian. .C.'1-:Inr· Tech. High .46-3-0 6/25/55 2'200.OS'71; G·$ Sherff, Earl ]C. . Chi. Tex. Col. .13-0-0 6/25/55 3,180.On'VS,; 1 Solon, Catherine M..... 1-Inns<,ri Park, .39-4-10 8/21/55 3,105.2-1S,<62 Somers, .Teannette S.. . h .34-2-10 8/ 4/55 2,715.72XX6:; Sulliv.m. Mar,rn ret M... T.:ike View 1-Ii,rh . .38-1-0 6/25/55 3,0.6.64SS61 Thatcher, James A...... H-„11* HIT.h . .26-0-0 S/.5/55 2.097.72*865 Theilga,trd, Ethel J.... Si·hurz High .41-0-0 6/25/59 3,221.40T31 '; Tillinghast. Beatrice....Fenker High . .39..3..Il) 6/25/5:, 1,735.OSI3866 Turnbull, Alice 71...... Ponsic,ii 01!ice. 19-2-0 7/ 1/55 1.213.568867 Williams. Alice C. .Schneider ..........31-4-0 6/25/55 2,502.2·1SAGS Winton. Susan I..... .Vol,St,·111)en High. ··1·1-24 6/25/55 3,161.048389 ~Witte. Otto .1..... ....('1·:rne Tech. ]Ii[rh .2,4-0-0 1,/25/55 1.71.OS•S,869 Worltje. William. .... eorkrry PIgd.... ·:19-6-10 0/25/55 .,120.21NATO Yardley. Lelah........~ T.owen ......... 41-8-0 7/ 5/55 3,258.GOXA71 Ack„rinarin, IClfric,de M..Von >vt,*Ill,en High...45-0-11 6/25/55 3.118.44*
f {) 11 ¢10 ·t ion of a ,·ci · r ,-sinuar ,/ Vc · 21 .910 , 2 for a surrium ·, 1 12 the amount of $ 530 . 0 , 1 11 ( 1 ·14#'01·. Miss Arkenna „11'x retirement 1)ritsion of $553 1.05 pc r ?icar wax reduced to thi, rat,:;holelt aljorr.)
S872 IloritiB, Charlottr· C....,Calumet High . .41-3-10 6/25/55 3,018.96°(011 4'/re·tion of ci 7·ri ,·7·31„imr?, pritsion for a surril'or, 171 flir (11)1 (1111,t of 86?00.04 vcr1/ear, Mi·M, 11 „1·i„r's retivemnit pension of S.12 1,7.5,6 per 1/car· inas r~(lin·ed to the rati''holin above .)
5,87. It:ittner, Cecilia........1:,„,s,·relt ]Iigh ......15-4-0 6/25/55 3,296.40•COn ('1,·rti,)11 of (i reversinizin·71 prnsion for a st(rviri.·, in the amfitint of 8/200.00 vcrvear , .lfi .9 .N Ra t 1 iwi·'R r , firrmint prn'buinf Rl ,19 . f~ ; pri i, rar "IL: r,·, flic:,· d f ,) the 7 ·fltrNholi·11(11}Ore.)
* 1, 1 , 1 ,· riti .: / ca;]tri· ,·elired aft , 7 - 1 -1:- rm )114) 7; incnt ini a temporar?, r,a .Nis .
1)1%.<mi.I'n-lill:'1'I]*1Clil:vr l'ICSM[(INTh-1·IR .111(lors,1,1. 1,11)11'1 S.. .Flower High .. .RS-G..0 6/25/55 52,219.61
WIDOUY' PIC)>41()SHWA-f:; Mardi. .Inlia O..., ... ..... ..10-9-5 7/19/55 $1,,100.04
1 Widow of Nolamt 0. Mm·x 11, trach; 1--prilsion cr)TY'ilson. Edna S. .10-2-9 7/26/55 1,100.04
/Wid„zi· of h·rbi A. It'i/.c·,)11. ten,·her-vensionri·j
]LICTICIENION.1]E~- 7'EASIONRf,03 Lar>,·n, 14·tra E.... .. .... .39-7-19 8/11/55 $1,200.00
( Reucrmin,lur ), 1,clienciari, of liclecl F . Lfirant. k.,trlirr- Prnsioner, rrtired 11 / 20 / 5.1 (171
red,tred prit ' imi of 8.? Al ?. 3 6 ,/ ,· lectilm ' (bal Bled.)
011 motion hy Mrs. Johnson, seconded by Mr. Meierclierks, the recommondationof thi· committee Was approvrd and tho service retiremorit. disability retire-
mc?nt, widows' and reversionary pensions, lit;tpd al,ove, were granted by thefollowing roll-call vote:Ayes-Miss Sctilly, Mi'. Moiordierks, Mrs. .Jr)linsen. Miss '1'.iggarL Mrs. LiRm,Miss Burns-6.Nays -None.
4UMM Un- OF PELSIONS Gil.l)TICI
Alitional service retirement pensions ...Compulsori AM·vice retirement pension:.. 90Disability retirrnient pension....Widows' prrisions...... ...... ..... ... -Roversionary pension ......
September 16, 1 1955
Appointment of PhysiciansApplications for disability pensions were submitted with Lhe recommendationthat physici:rns be appointed for the examination of the applicants.
On motion by Mrs. Johnsen, seconded by Miss Taggart, the appointment of thephysicians. listed below, was authorized.
Win. H. Wood, M.D., Indianapolis, Ind.Ronald Hull, M.D., Indianapolis, Ind..John Kooiker, M.D., Indianapolis, Ind.
To examine: Frances H. Borg, Steininetz High School
Wallace E. Baker. M.D., Alexandria, Va.Jerome N. Baum, M.D., Alexandria, Va.I.m·ID. Thompson, M,D., Washington, D.C.
To examine: Bertha Elston, Lake View High School
L. R. Schroeder, M.Il, 6142 Kinibark Ave.,Robert N. Hodges, M,D,, 30 X. Michigan Ave.,Duane W. Propst. 71.I).,30 N. Michigan Ave.,
To examine: Harold Z. Harris, Harper High School
Cancellation of PensionsThe committee reported that the. following pensioners have been re-employedas teachers by the Board of Education. Pursuant to the law, the committeerecommended tliat pensions of the persons, hereinafter listed, be cancelled asof the effective (late of re-employment.
linte of I),tteName I,endon lEe-employed
Hennebry, Elizabeth A. 52 . 6 ·/ 5 . 01 9 / 5 /55!Ir,t}!,e, itlith 1.3., 2,122.56 9/ 6/55Mahon Sue 15. 2.717.52 9/ 6/55MIC . ilie . -\ Ima L. 2 , 210 . 01 9 / 5 /SSrellis . lielen 11 . 1 , 56 : 1 . 52 9 / 5/:5kupe, Enict C..,. ... 2,060.01 9/ 6/55Hehlacks, f 'ihieda ]:. .. 2,017.08 9/ 6/55Schraill, 11:lrit R.. ..
9/ 6/552,097.6/1
Sie!·b. Marion G. 2,167.56Xullivan , Mary M . 1 , 01 · 1 . 60 9 / 6 /55Wolfs<,11. Harah T....... 677.1 6 9/ 6/55
On motion by Mi·s. Johnson, sec'onded by Mr. Meierdierks, the above pensionswere cancelled, as of the dates indicated. by the following roll-call vote:Ayes---Miss Scully, .Mi·s. Light, Mi·s. .lohlispil. Miss Taggart, Mr. Meierdierks,~Iiss Burns-6.Nays-None.
Heptembet· 16. 15 195,5
Outside Time and Military ServiceThe committee mi annuities and englentials reported that ;iflidavits or otherevidence. attesting to 01· certifying (l) :01·vic:e in the public schools of theseveral states or in schools operated by or under the auspices of the UnitedStales outsid, of the City of Chicago, 42 1 Ket'vice as a civil Eervice librarian iiithe Chicago Public Schools, or (3) Unw spent in tile Illilitary service of the1-nited States during the pension period are hereby presented for the personshere,inafter listed with the roe.ommendation that they bo al.proved; provicledtliat in tlie case of outside time, no more than lo re:irs bo credited and alsoth :it the last three-iliths (,1 thi' tel·in of sei·vice foi· Whic'h ail aillizlity is gl'ant('d
sh,ill be in the public schools of the city.
Xnme S ,•It (Do/ 1 IM. M IM. 1)11':
TE.lt,lII)(, Ml:In'll'I' IN I'llil,IC· 4(·110()1.% 01{ i.Al)1:11 .11-APIC'IC* 4)1·' 't'll i,4 1-,,1
lirown, Dorolliy...... . · ·11.1:hbil!'11(· Tra,le :; {1 0Chapman. Maric '1'. ...I.en·is-(I'hamplili 1 11 (1I. rasier. Dinny Gray. ....Ti'(; Dist.No. tl. I N /'
Garbow. Illiriam D. ...Si·(itt . 1 5 11li:Kney, Josetill W.. ... Jiti,flit Br. Jr. CoL 5/'/Klein. Anna L... ...Ilil·>U·h High.. 5 1 8Me.vet·,Kurt H. . . :1:l 1· :4 h,l 1 1 11 i Th :; 5 1)Mkkl•,. Susie P..... ...Hirney 0 0Xewman, Wilswi L.... ....1:(,zininski ·· :; 11Nishet, Lydia M. ...jrorris ...······· 10 0 0C)'141·ien. J.tne S. ···(;:LK't· Park iiiAh.Pearl. El,·anor 11, ....1)0„little ....... 1 7 0Porili,·Id. C.ili hi JI. . . . 1,:ille Ti·(·11, 1 I iMh :; 0 i14,1·ile. .Ii):,·1111 ./... . .. - M.:u-hhllim· Tra,/,· 11 1, 11,Purmal, Cl:11·:1 J..... ...TNG Dist. Fo. 2 . S ¢; 111.iciiie, I)„i·othy C.... ...Carvt·1· iii#il 2 0 01:(,Melistiol. ICHihei· R,. . . . 1/21,11:il'(i · · 2 41 '3Shapirl, Mary C.... ......huni,·Mon . ;00Shrn,·ers. Winona 11. ....'1'1:C: 1 )i.t. Xo. 1, 1 1) onStarner. J,din J. ......\I:tin nigh 0 4 0Trent, Critlierin·. \\ .....Eoscins:zk„ 200Triska. Min·>· A...... ...1)owev 100Williams. 6,1,oy V. .1·im€·1·son ....... 10 0 0Woodruff. 1.ortor· L....... ... Lan(• Tech. 1 1 1211 S 1, 0Won(ls. >4:11·,tb M....... . . Wells High . . 1 1, 1,
]C,
Sept,·mber/6. 19 1955
REPORT OF COMMITTEE ON PENSION LAW AND RULESRevision of By-Laws
'1'he committee mi pension law and miles submitted the following revision inhydaw .5, section L which is designed to define further the day of resignation01' relirement
Strike the period at the rtici of 1~y-law .6, section l, and ada
; unle:·s the lc':1(:hing certificate is issued for the 1,211·1)ose of employ-iNK a pensioner for forty days or loss during a school year or unlessthe member's employment w,is terminated by oth q' Mlicial Board ofEducation action."
The commitwe also stilimitted the following revisions in by-l,iw 7, which are(losigned to l'ellect recent changes in the school districts of the Board of1£(ltlcati()11:
In lieu of hy-law 7, section 4, sub-section 1, aclopt the following:
"1. Schools in odd-nizinbered districts of the Board of Education andadministrative omees of the I]oard of Eclucation, s.hall hold sitch an.election in odd-numbered years, and schools in oven-numbered disti·ictsof the Board of Edtication shall hold stick election iii even-numbered/Pills."
In lieu of hy-law 7, section 5, sub-section 2, adopt the following:''2. In odd-numbered years thi·ee judges of election shall 1),· chosenfrom each of the odd-mimbered districts and one tron, tlie administra-tive oflic·es oi the Board of Education.'
In liezi of by-l,iw 7, section 5, sul)-section 3, adopt the following:"S. In evon-numbered year'S three judges of election shall be chosenfrom each of the even-nrimbered districts."
On motion hy Miss Taggat·t, secondrd by ~Irs, Light, the report of the conTmittoo was accepted and the above-(10,4 ('1·ibed revision in hy-t,lws was adoptedby the following roll-call vote:A>·cs--Miss Sc·1118.. 1\Ins. Light, Mrs. Johnsen, Mr. Meiordierks, Miss Taggart,Miss Burns-6.N~ly,---None.
Disposition of Referendum MaterialTlic committic' 011 pon:ion law mid rult'54 1'01)01't©(1 that liallots and materialsused in the referrii ium on prol)(,Ard 1}unsion 11114,1.dim·nts lielci on January 14,1956, wore carefully pri·sorv(Hl for Illore than :ii months, that they are nolonger of zi.,e for any futtire refurenclitin, and th.it. they are not l·,Millil'ed asevidence for 1)10(.redings in any court :111(1 re('nmilif·11(18 thrit they 1)(' d(,stroyed,
OIl Mc,tic)11 by Miss Taggart, 54*'c'()11(le '1 1),- Mrs. Light, the .11)(,Ve descril)edreferenclum materials were ordered destroyed and the 1·91,(,rt (,f this; committevWas :11)1)1·ovi·(1 and ordered printed in the. 1) 1'(,coedings for thi·. mpeling,
heptember 16. 20 1955
MISCELLANEOUS BUSINESSResignation of Board of Education President
Jliss Scully presented a draft of the following letter with the suggestion thatit be forwarded to Mr. Traynor as an expression from the trustees on theoccasion of his resignation as member and president of the Board of Education:
September 16, 1955.
William B. TraynorPresident, Board of Education228 North La Salle StreetChicago 1, Illinois
Dear Mr. Traynor:
It is with deepest regret that tile Board of Trustees has learned of yourresignation as president and member of the Board of Education.
For many years the trustees have looked to you for guidance and counselon many of its important problems. They desire to express their gratitude foryour interest, assistance anti cooperation in the direction of the affairs of theI"und. They also acknowledge the inestimable value of your services incapacity as trustee.
On behalf of the trustees, 1 hereby extend to you their best wishes formany years of good health and a happy life.
With sincere regards.
Yours very truly,
Susan ScullyPresident. Board of Trustees
On motion by Miss Taggart, seconded by Mrs. Light. Miss Scully's proposal was
approved unanimously and the communicaticin was ord('red I)rinted in theproceedings of this meeting,
ADJOURNMENTOn motion by Miss Burns, seconded hy Miss Taggart. the meeting adjourned to
meet at the call of tlir Secretary.
SU-~6 Ki*i~Itecording Secretary.
uetuber G. 21 1955
REPORT OF THE PROCEEDINGS
OF THE
Board of Trustees
OF THE
Public Seliool Teachers' Pension andRetirement Fund. City of Chicago
Adjourned Regular Meeting-Official ReportThursday, October 6, 1955
An adjourned regular meeting of the ROLL CALLBoard of Truslees of the Public SchoolTrach,·,·s' P,·ilsion :111(1 mqii·,·inent !" lind Present: Miss Sc·:,11 1·.Mrs. I.ight, Misswas heid Thurs(lay. October 6,1!15.-,. 7.1#gmt. 111· 11,1,1Hkerks. ~Ms: Burns
The President. Miss Scully, called the Absent: Mi·s. Joilll>,(·11, XII·, \Vhistim,meeting to 01·cler a! ·1:15 P.M. 111·. Haggerty, Mr. Marshall 4.
October G. 22 1456
MISCELLANEOUS BUSINESSAppointment of Members of Canvassing Board
lii accordance with by-law 7, section 5, the Board of Trustees chose by lot thefollowing members of the canvassing board from those judges of election whohad previously indicated a willingness to serve as such members.Xnme School I)i M triet
For Terms of Two Years Ending September 1957Claire E. Bradley Hibbard ,,.....,..········ ··No.Grace Cuny Green ..NO.Ernest Warner......... .. ...Roosevelt High ........ ..No.James Fairbanks. Smyser ...... ... .. ,. No.Leonard Sollo...... ........... Foreman High ... .. .. Xo.
r--1 v« r«
C M
M an
10 01
01 /1
0
Samuel Weingarten.. ,,,,.., Wright Hr. Jr. Col, ... No.Lillin Grant.... .NO.NIarian Mitcliell.. .... . Manierre ,........ ......., ..No.Arthur Petrie... . ........... Washburno Trade ...,.... .. No. 5Marcia Holland.. .. .. .....Ericsson ... .. No. 7Rachel Marshall. ............Flower High .. No. 7Harriette D. West....... ........(;regory ..... .. .. No. 7Vinita A. Beuschlein. ..........Corkery . ...... ..Xo. 9Anna A. McNichols...... .... ...Whitney .... .......No. 9Arthur Sypniewski........ ....... .\IcCIellan ... ... No. 9Mary K. Dowd. . I.indblom High ....... . No. 11Daniel G. Griflin. .Montefloi·c ..... ..No. 11.Ianet I.I. Simpson. .... ..No. 11Lydia S. Lewis.... ... .. .Ilous[lold .. .. ... ..No. 13I.ucille H. Matczak. .. ........ Ray . . No. 13Rachel B. Shands. .......Colman .. ..No. 13I)aniel I:. Blake, Jr..,...............Carver .................... ..No. 15Dorothy J. Oberg. . Xansen Br. of Gompers...... ,No. 15Doroth-,· Ilover, . _ ... ...,.idministrative Ofices of the
Board of Education
For Terms of One Year Ending September 1956LwHM X. Clair, .. ............Clinton .. No.Margaret Hancke. ....... . Trumbull . . NO.'rillye M. Sampson. .Kilmer ............ ..... . No..James Cardwell. .1''ranklin Dr., J. A. Sexton. . No.Kathleen Crain. .I.owoll .. No. 6Alice M. Mai·esli. ...
..Crerar .. .. .. .. . No. 8M ae 11. IIodge.... ...Haines ... .. .. ,No. 101}oris J. Williams. .... Phillips Eleni. . . No. 10Eileen M. Erflineyar. .. ....Sclimid . ....... .. No. 14Fred M. Manz. .Parker IIigh .... . No. 14Julia K. Masco. ...Addams ..... .No. 16William K. McKenzie...... Piiil Sheridan .... .. No. 16On niotion by Miss Taggat·1, st·conded by Mr. Meierdierks, a report of theseappointments Was al,1,1.01,11 1111:lnimously and ordrred print·,(l iii th„ proceed-ings of this mpeting.
ADJOURNMENT0,1 motion of Miss Burns, seconded by Mrs. Light, thi' meeting adjourned tomer! at the call of the Serretary.
6~6 43~Lrt_~Recording S,H·retai·y.
4623. 137
XiI-ember 1%. 1955
R.E!,( )RT C )F THE PR( )CEEDINGS
OF THE
Board of Trustees
OF THE
Public School Teachers' Pension andRetirement Fund, City of Chicago
Regular Meeting-Official Report
Friday, November 18, 1955
A regular inciting of tlit· licip.i·cl c,f Truslees of the 1 '111,lic >4·hool Teachers'|'eli,i,)11 :Ind Retirement Fund n,I, held Fi·id,ty. Noveinher lx, 1!}55.
The President, Miss Scully, c.,111*,d the meeting to ordel· at 2:00 P.M.
ROLL CALL APPROVAL OF MINUTESI'lesent: Miss Scully, MI. Mtierdierks,Mrs. Light, Mrs, .Ic)1111;011, Miss Tag- ()11 motion of Miss Burns, seconded 1)
Miss Ta N"Kai·t, Miss Burns-6. ai't, the minutes of the reg-Absent: Mr. Whiston, Mr. Haggerty, 111:11· meeting of September li;, 1955111·. Marshall-3. and of the acljollrnecl meeting of Oc·to-Mr. Morris B. Sachs, ('ity Treasuror ber G. 1455. wer,• approved as printed..ind ex-oflicio member of the Board ofTrustees, was unable to be presentbut was represented hy Mr. Thomas J.Corrigan, Chief Clerk.
Novel:ili,·1· 1.. 1955
REPORT OF THE RECORDING SECRETARY
Election of Trustees
The Recording Secretary, Miss Burns, presented the following reports ofthe Canvassing Board on the certification and election of candidates for theoflices of trustee and also a communication from the Secretary of the Board ofEducation regarding the re-election of Mi·. Thomas L. Marshall.
C I·'.11'1'II'ICA '1'll)N (ll·' ('.li!)11).rl'I;% ()1 C)(2'1'Ollt·]lt 19.11)55
Tlic Vier-('hainnc n (ind Keri·etan, of th , (<im·(Issins; Board. Le„nurd H. K„!10 ciwlKathli·i n Crain. rest}Crtirri 11, 1·,1)01·t that „ 11 Ort<,ber 19, 1436 prtitiona for the fi,11(,tri,10c·(111(lidate# for ti·lister (}f tile' Pul,lic· Xch .(,1 'i'('<(ch,·1·s' 1'(·ltsion and Retirrm )it J·'lim| li·Crt···.ram i ix,·41 in (/(Tordance' teith th€' 11·~; i·isi<,il „1' 1;4-/ali· 7. Xection N. 1·.'fic·h ve'tition iz·(i fsigned Im No less than 25 coiltribuff,1 r 1,) the /'('114·i„ 11 Fuud and Ii·(i.N /ilf'¢1 te„ flci 1,·, 1,3/0reth *' electic, n mt October ?N , I:/5..
7' ho ·cf<, re , the Vice- Chairman aid K„ n · t .,· 1 / if th A Butti ·d c ,· rtif , 1 to tlic Nceordins,X. c-i·('fm·)/ i./ thi· 1'(,in·d ..f Trustres fhat th, f./1,1·i,1 1/ prn'" 11.. irri· entitli·d fi, b,· M ildi-dati'x for „/Tic·;s of truxtre (,f tlic· Prilitic· >:ch 0,11 1'4 clehrne int>,i„ 1 and 12,·ti,·emunt Fundof chit·a!1,) lin· th, terins i„(lic'citt'11, inid :·i·tinist thut Ow nitint's of ,7111,tid<ltr,; rutitted t,i1,r 111(ic'((i on tlit' 11(111(RN Nlittlt lit' r(,1 (itcd w th,21 im']1 un}n¢· 31,(111,11,1),m in i'(1{h 1)(,sition.Mint )·, 1 .9 po .: Aib /,·. (})1 Int , ( 112 <11 1111 }121)(' 2 · iiI- 1 ,(111 „ t ..
Nominated For 3-Year Terms
M.ibel S. Johilsen George 0. Meierclierks
(Signe,0 16,1 77/LEE.V CR.1 IX (Nio,icd j L F.()X. 1 k 1) 11. NOLL (iSce,·clar.Ii, C(011: ('Saillf' B()(1'(1 Vier Chiti,·11,(111. Citnvassing Board
IC!.!CATI().\ 01' '1'Ht 4'1'l·'1> 4)N W 708!CIE UN. 1!)55
Statement of Votes Cast Statement of Ballots Cast71,kbel S. Johnsen .............. 11,910 i.11 id Ballots.......... .... 12,265George 0. Mrierdierks......... 11,990 Spoiled Ballots................ 40%Write-iii Votes ................ 55 Total Ballots Canvassed.... .. 12,67:;
State of INiums 1 7'/ir' I )Ift J'Ni , 11 (d ('hairman und Afer,·tan, of thi' f 'a )11'(I·N.Ni,1,1('„ 11 ) it ,/ of Cook } w . 1 ;„ard , 3, 1 ,·it ,·il trom tlic cutributi )151 „nembri·x „ f the t <'( tchins;('it,1 of Chicago J fc,ver i„ thi' mcilincr provided 1,21 tlic B?,-I.(tit·N „f thr J;•,(trd of
7' ruvr „, 4 the Public Sell ,) 01 Tutchers ' I 'nixion wid EctiremcurFil)2<1,4 ('llic,1,10. H}·.1:1·'In ('1·:i:'1'll,~Y that the forefi„ino is (t true <ind <'iii-i'(t xtitte-1,1, lit (,f th, fur rack m )1<liditte fin· the flic·t' 01 trustee. at the flection hrIttin *'(1('11 32·11,)01 (1}1(1 in ({wh pollinfi 1)1(1(f in Chic'(14„ „11 0('t,)1)cl· 25. 11}33: thnt (liz cirenitiltt , f fill i , ili~ · itil ball , i/.9 has licirn mitd ,· and ri' rified : ,$ 11 ,1 thut (·( wh of th,· 14 ) 11 *, trinf, e(indi -91 ( tt , s 1 , ,·rind (2 111111 ·alitii <,1 (, 11 rot , s east for his r , 311 ,· c · firi · 11 , 1 ., iti „ 11 inid is fi,'(· 1{11·,· 11to lie fit,/1/ ,/c,(tict firtitc, f"i. thi te·,·m firdicated:
Elected For 3-Year TermsMal)el S. Johnspit Goorge 0. Meierdierks
111{ler inir 11,17,1. thi: !>41, flin „1 (),·t„lin·...1.11., /1,3,3. ~( Mit/ 11 ,·41 ) 1;: 17 '///, 1·'/:' X f '/:. 1 1 . 1 ( Micined ) .\ R '1' lit ' i: N PE -I ' l: Ii·:Se{·l·fill ·„. 41,„1 1 · 11 " i",1 1,"' t ' fl C.' 11 ' Ii ,· 111 ' t „,<" 1 ' 1 ' fNNi AP H.' i ·, 1
-
Xor '·inl'·1· IS, 26 1955
Election of Trustees (continued)i;(UND OF I·:D[:CATION
Citvof Chicaor,
Nout'„twer /1 /93.3
-1Ii .M El.· c , 0 / 12 .81: rilitild , Ea· ccuf irc Sce)·ft dryPublic School 7'ca clicrs' Pctision ,{ Rciii·cmcnt 1.'lind228 Toi·th La Salle StreetChicago LIllinois
Decu· .lfiss Shohold:
The Board of Ed,lecition of tlic Citi; c,f Chicago nt its meeting of Noucmb€.r 9, 19;I, re-dreted Mi·. Tholnus L. Ilf,11-kh<:11 1 0 membership 011 the 1:0<11·,1 of th, 1'1,1,Zic School7'cachers' I'(·n.vicil und Itifirc;,actit 1·'1111(1 for a tci·m of tit·o uca;·s c/Tcctive November9. 056.Col)/ of coinmicitication G.?161--1 in refercitcc to thin Mebjrct i,y scnt to 1/01£ for uourinforination. Sci id communication 11·(u: 7-ccrirrd crild Viaccd on tik.Sincerely J(mrs,
(signrd) W . E . McDolialdSecretary.
On motion by Miss BurIii, socolided by Mr. JIrierdiet·ks, tile reports of thecanvassing board and the ec)!lillizinication tr·(1111 the Secretary of the Board ofEducation were accept.ed, 01·dered printed in the proceedings of this meeting,and the documents pertaining thereto wen: 01·dered filed.
MOTION TO SUSPEND ORDER OF BUSINESSOn inotion of Miss ]3111·ns, seconded by Miss Taggart, the rillps were sus-pended iii order to consider Misicollaineolls Blisiness an(1 11 report of the Com-mittee on Pension Law and Rules.
MISCELLANEOUS BUSINESSReorganization of the Board of Trustees
Miss Taggart nominated the im·1111111<rit nflicers and Conimittee chairmen fort.lwir resI)ective pos.itions fc,r one-real· terms effective on the date of this meetingMid elicling oil the date of the lird wreling after tile 1956 election of trustees.The following nominations were seconded by Mrs. Johnsen and no others were111.ide
Pre:ident .,..,.,..,....,....,..,..,,.,...............Slisan ScullyVice-I'resident Laura M. I,ight
Finatrial Secretary George 0. Moierdierks
Recorcling Sec·retary .Ethel Burnss
Chairman, Committee on Finance Laura M. Light
C 'hairman, Committee oil Annuities und Cred('litial:. ....Mabel S. .Tolulsen
Chairnmn, Committee on Pension Law and Itilles. ...... Ilrlril IC. Triggart
Acrordillgly, Miss Taggart min,0(1 (hal the Recording Secrettlry (:ast a itimni-nious ballot electing each inctinil,ent omeer :iii(1 ('c),litilittee ('11:kirman to thepositicm MhoWn :11)(,vo for nne year offec'live cm the date of this meeting and
onding on the dato of the first mec,ting after the 19,51; election of trustees.This motion was sec~,nded by 111'M. ,h,linsen, 211}proved unanim<)11813', and the:11)ore named t!' 215:1~K.,9 wet·c, derlared elected to their respective omces.
Xor.·111/,el- ls, 1955
REPORT OF COMMITTEE ON PENSION LAW AND RULES
Revision of By-Laws
The committre on pension law ancl rules reported that the present limitationof $1,000.00 in the account for contingent expenditures is insufficient under therules of the depository to mairitain the required bank balance of $1,000.00 ina checking account established for such expenditures. or to provide funds topay current Postage costs and oflice expenditures which cannot be deferred forformal authorization at regularly scheduled meetings of the trustees.
In 01·der to provide a fund whicli is suflicient to meet these requirements, the
committee recoinmended that in lieu oi By-law 2, Section 1, the following be
adopted:
"An account for contingent expenditures, not to exceed $5,000.00 shall behold in the name of the Fund. Checks shall be drawn and signed by theexeciltiv€, secl·rtary, or by such other pei·son as the Board of Trustees mayclcsignate trom time to time by appropriate resolution. The Board ofTrustres Sliall .LI)])1·ovt· px])(?liditures and nit(lit thi, account before re-imbursements thereto :ile authorized. Contingent exp,·nditures shall hoconstrited to nwan ollie·c, operilting exponses."
Oil motion by iliss Taggart, seconded hy Mrs. Light, the recommendation of
the committee was approved and the above-described revision in by-laws wasadopted by the following roll-call vote:
Ayes-lliss Scully, Mrs. Jolinsen. Miss Taggart, 111·s. I.ight. 111·. ileierdierks.
Miss Ilurns-6.
Nays-None.
November IS, 8 1955
REPORT OF COMMITTEE ON FINANCE
Contingent Account'1'110 conimittee oil finance reported that receipted bills, cancelled checks, bankstatements. and other supporting documents covering expenditures for theperiod from Septomber 19, 1955 to November 17, 1955, inclusive, and totalling$936.31 were audited. The Committee found that expenditures had beon madeproperly and recommended that this account be reiml)111'sed in the aforesaidamount and also that $·1,000.00 be deposited in accordance with the provision ofBy-law 2, Section L as revised on this date.
BillsThe following bills were presented with the recommendation that they beapproved and paid.
1,1,tri·MI<,gr:ki,11-Wit/(lirr:11,]a ('„rti.:1 0/11/55 i:'·1):Ii:·s ini .\,1(11·,·>*4,11:t':11,11. .$ 27.15
·11111,4 Al„ti(,11(.rM:10/31/55 (}fli'·'· :<ill)1']i..., 263.10
linrnard & M/er:9/19/55 to
.$2,60.0011/16/55 IN·intrd office forms awl supplies.11/16/55 .Inne proreed ngs. ...... NO.00
3,029.00
C..".ent:,1 ICI.'41.1. (.rp.:
'1/26/65 ]:11.-,·1„pe: .... 6.53
Ent],irt· i; :ir/11 .1,//%. 1 11{·.:
11/ S/55 I)glivery and pickup „f 1,:,11„t bnx,·s. 11.25
F,·11 .1 '1':irr:11,1 11 fi=. Co.:
10/31/65 Hent:11 01 twri (·(,11)111„meter:... 40.00
I hi,·4' % >4 1 :1 1 l i t i e n 1 + F r, I e r . I I I r . :
111/,S/-5 &11/11/55 -\('tll:trial :tati:ti,·, :111,1 ill:111':111{·t· 1,·1),il·154.$1,550.3711/11/55 (}flice Admilli:tralinin·· 10.1.2011/11/55 1'*,in:i,in 1,:i,·1„11. ·· 115.·jO
1.769.97
Ii,(cri,zill<,1 :11 |11:.ine.4 ihic•|11,1*4 ('Irli. '
11/ 1/55 ('ilt·tage (111 118! ki·\- punch machilic'. ··· 9.16
Mnri·linnt (*:ilculati,rM. In€·.:
10/13/55 itp:lit·. 1,11 (·:11(·11]ntor 5.80
Noveinher 15. 29 1955
Bills (continued)
Ilitney-"on·el, Ine...
10/21/55 Meler rt·lital )/1/55 thi·H 11/30/:,5. . $36.00
Supplies and repairs.. ....111.73
I'roce+% Color Plate ('„.:
10/23/55 Higii:iture plate (Hy'liwy P. 1-;k·,n·n). .$17.55
11/1~1/55 Si;=11:iture pl:ite (I„)1),·rt S.ll·Kent Slilin•t·. .h.) 1 8.1,·1
35.8 9
It:nilc,[ph 11„x,V 1,:ilit·l C„.:
10/ 7/55 14.'11.t (·art ons ...... *> 6· -'
Mt:inilir,1 iteli.ter ('0.
:/lv/55 6:1,011'1 checks:. .. ... 115.21)
I tilify Mili,lit. ('A:10/13/55 Ledger ent·ds und trallster ease>:. ... . 1 S.1.5,
P]lj'NicialiN:
11/15/55 li, 11. Ilull, M.I)., 1·Gxam. of Fratiees 11.11010·. 25.0011/ 7/55 3. d Knoiker, M.l). Exam. .f Frances 11. RM·g. :i n.1,0viA//5,5 .1. X. 14:lum. M.[1., I:x:,m. If Hertha 1·:Ist„ii. 13.00
9/27//5 W. }C. 13,iker, 11.1).. 1·:X.ill). of 1,(,·th:l El:41(111. 111.,) 4
t)/20/55 D. W, Propst, 11.1)., 1·:xam. of 11,11·old Z. Harris. 1 0.01)11. X. Hedge:, M.I)., 1·:xam. of IIal·old Z. }I:in·i:. 1 0.110
./Deel:,1 .er,·ire.:
9/1 8/55 Kirkland, Fleming, Green, Martin & Ellis, legalsel·Vic,·>: fi·{im 6/16/55 to 12/lb/53. ......... 2,500.00
i/eG/55 Janw: S. 1:,117 1.1 . Jr. : profession:al N•·1·~-ic,·: f c )1 Fill,·of :ts:i·ts of Ida Kinder thep:tril '1'1·11>·t . ..... 857.ST
$9.27%.14
.
X.v,·ini,:1· is, 30 1955
Refunds and Death Benefits'I'he committee reported that (loctiments portaining to elainis for refunds anddeath benefits for pei'sons listed herewith were examined and verified. Appli-cations foi· refunds Ii/c resignation wt·i·t, macie by persons who are no longeremployed as teachers by the Board of Education. In the ease of Mildred C.Lindvall, api)lication for refund was in lieu of an application for retirementpension and was accompallied by a ifritten release to tile effect that, uponreceipt of such refund, she shall have no further interest in or claim againstthe Fund. Application for refund of contribtitions for widow's polihion Wasmade by a person who was not entitled to surli benefits at the time of hisretirement. Claims for refunds of conti·ibittions and for henelits payable ondeath of teachers und pensioners were deti·i·111ined after certifying dates ofdeath and establishing proper eviclence for each 1)('nrficiary, administrator orexeculor. The committee recommended, therefore, that refuncls and deathbenefit.s he granted for persolls listed 11(,rewith in the :linounts spec:ifted,The committee reported ful·ther th:il Other refunds to contributors, listed here·in, were paid at thi: time a report on the ;111(lit of such coittril,utors' accountswere submitted. In each rase. the rrfunds were due to changes in rates ofcontribution for credital)10 servic·e or to other required adjus;tments in theapplication of autornatic increases in rates of contribution by the Board ofEducation. It was reconinionded th:it the payment of these refill,(14 1)0 con-firmed and approved.lic·fwil,6 JI:/r H r .41&=n:ltilin:
Alfredson, 1,„IiA E ..... .$ 86.00.\Ppe], Marr- 12 ···.-- .nirk<i. Ji)1111 .1..Irt· 11 '·r. 1 1· ving 986.711Iierke I.i·:t Il ..... .. . 551.00Bwk],·v. Man· I... . % 4...('nwan, 1·'.ther... . 1,1·iS.00Cutler. I.stelle. 171.1·1I ):t Vis. I.:i Fel li ¢;... . 1,176.00Det':,111, I':iti·icia M., .It·.. . 313.1.31 )~)Wit*, kkhard D.... .. 1,632.10Fiwc·her. '1'here>:,· K. 77,All)(;:unze, liynd:l G.... . SLS.51Gre'·/11),·ru·. (.:in,1 Z. 717.25Ii:i;.,·111; In, I.I.trn M. 125.1,4li:irri>u,11. Al ii"..... 1,6:;7.2111(,frm,/). 1':'t/'1(·i:~ il. 171.11.hine:. cilw·,:, 12. 171.1;11
1,11.511:(,(.11¢./n:iii. 11,1/>- 1...... :'17.0()I.il:(ih•·14. 1·'lizabeth H. 344.50I.imh·:ill. Mihir,·11 C. 3,<) <2.50.11:11·tll:„. . ·126.50r:,than. 1':izzl........ . 62.1.23Nelson. !'01,(,rt T.... 391.5 Hc)'Imughlin. .I„,·. . 58. S ·1i'llillips. Itit:l X . . 306.32N,111, ('1,11·,1 V... . S'2.00
214.75H]oan. 1':It,;i,· 54.... S72.91
668.20Stuppy. El,·unrir L.'rinci:ill. M:ti·ily,i,2,· 1:. . 77.40Turker, Mary .\1111... 11,6.1·1/i:l/:11(·1'. Nor!/1:t Al:1,· 11.25
$21,015.0.1
IE;filitil (,f ('i),ltrili liti n IRM for W iii nii'% Pritilinh, 1.,·rK(rn N -1 1·:Iltill/(1 1(, Mu,•h 11(.nrflt:
Britt:vi. Ch:irles W ,$ 152.00
152.00
1955Non ·mlier 1 S. 1
Refun„14 of .1,4,11]12,12(('(1 ('(,11(ri|,11(i„14 on 1), :1111:
Aninza..To:in L. (.1 ):na .11·ainu,·/,hit .17'(r.'1,/. 1'/i,1/liN Aranza,bructciu,ir:) .......... .....5 :60.56
13,·11. 11:in· S. (J,,hi: ./. Sh,·i·,d,t;i, Dr. 1·.'. 1.'. Nitcridan,brucricE<in, s) .....
G:illaglier, Anil:, M. (.1/(Efth, 11· ./. (; ,<11(igh *'1·, .h·thur (7<ttlri-gh ,=r, bcnrtieittrirA . . 3 , 71 S . 2 ;
Gardnpr, Lucy I]i'lle C OMM (9,11·(ti,:i·, britetic·icti·.1/).. ..... 3,4St.25Murvily. 11,1·*,thy ('. (./,din 1'. .11,11·1'hi/, bc)1<'/iciat·.11) . .....· 5·10.50
Osh>-, Delia 13. (77,c/ma (;,·ant. licmeficiary) ............... 1,389.0115,350.:10
• Anmdant.
Si„ir],· I'.t,„„„t lien,dit (in De:1111 „f '14„eher-:
Annza,.10:in L. (.hum .1)·unift,Jidiu .truu),1'hu//is.trwr~.
(;: 111 : 1 ;:| 11 ' 1 ', .\ 111 %: l 31 . (.1 /,ifth " i , ./. (;,ilt<, i , h ,· r . .\, thni · (; cillit -2.500.00)
C;: 11·( 1112 • r , I , 11 (• m - le '· 110 ( 1 1 ·.92 (/¢ 1 (, cirdi „'r . be ), 4 · fic · icar ! 1 )····· . 2 . 500 . no
0:by, 11,·li.1 1'. (F/.ira ./,11,1,„21. half-·Nist,r)....... . 2,50(1.0(1S,11111).{~0
Mingle 1':1?mni Henelit Int 1)/:Itil i if '1'r:,el:/r-liric.lii,Ire«
11 · 11 , Mar ,· S. (.1„ hic ./. >: hri·id ,in . J ) r . E.1),· nrficiti )· i , 0 ······....................... . .... ..$ 501.' IN
1;tiekles. 1':li,lii:j H. 4 ./„mc:. V. 1;Ji,·1. h<. 1,<,1,/irici·,/1 . 300.60
Fox, William P. 1 litian /9. /„.r. 6, 92·/iriar,/) ..., 500.0 0L: irson , II : 17., 4 F. C Prti·a E . hm ' n , brnefiriar , J > .... 500 , 1 , 0
>hitcliffe , i · I , 1 ,·ti f 14 trth M . Si, teliffe . 1 ,rnrticitil·,;) 600 . 00
2.500.00
Itefund.4 n/c Adjwtment lit 12:,te: 1,1- (:4,1,trtlittlion:
lekert, Floyd X. .$ 90.00Applelmum, Frances. . . 50.00Armstrail, .James II. . 143.90Bart·, Charlotto . 4 0.0 uBauer, 1-:rilh....... .. 3.00Bell, .lima L .... 68.00Belizinger. Genevier: C. 55.(10Berman, Janice W.. ..... 17.50Bethel, Holt·11 11......... ·· ·18.15Iii+hop, Thelma 11. . .,0.00Boulware. Hal·.lh B. 100.·10Boyer, Natalie M..,.... 18.76Boysaw. Lucille W, .... 130.50Boyter, Margaret .... 236.211lirady. 1Cile,·11 M...... 1.. "0|„t!1111'111. (;(·111·,-i~~~-#' 11. 29.51)111·i,n'ti, 1 „ir„thi· L. 29.001:ron·n, mi·olin- T.. 81.00Brownp, Christing E.... 10.00Bry,kier, Mary K. 62.25Burns. Anita M...... . 32,AoC.'alvert, Winifred P. .22.00Cartel·, Louis W....... 81.00C:trus,1, Angeline. 96.01Chamberlaill, C.atherine 97.55Childs, Yvorine F........... 38.noDaris. Col 11,1|.i M. 133.54Dixon, Joseph .1. 18.Ou1-,cinalciMon, Virgitii:, .1. 5.1.00i)rell. Muriel 11....,.... 7.87Dunworth, Eugene .1... .
6:9.93Fallis. Imth T. 1.12.52
Fr>·e, Louise V. '15.18Gartman. Cres<.entia . 41.00Glick, Norman .. ... 59.20Cloc,(1111:ill, 1;ose C. 1)3.05Grant, Opal H....... . . 106.63Greene. Eileen A. ... 2 8.01)liarnion, Nannie C. 216.001Iill, Grace W.......... 411.51'I·lines, Isaac ........ ... 58.50Hodgeman, Alice L. . . 172.00Johnson, Lorraine It. 25.0 0Jones. Mabel 1'. 60.25
Xw·enilier 1.. 1955
lt/fundp, 11/e .tilj :,Mlm **lit iii lizite„ of (-Ii Ilrilimicis, i ¢·„11/111 1(¢di:
Kelly, Frances . .$ 151;.75%04. Max........,... 7 1 . 51,21·112·ger, M,Ii-K,lt·,·t C.. ; 2.7 5I,al·.'11·41·, IC]:it· B..
Lane, 1'.,ly r., Jr. :1(;. 5,1Law:. C.,tlic·110 . .1.45Idneki, Vrra AL.. .. :;11.(IllLittl;. Claris>qi L,... 1 1.0"lie('li·Han. 1·;mina G. tx./1,1McCullum, Mangkt H... 54.50Mi·l),·mmin,1. Man- I,. 0. 7 6.00M„<A·lich. k:tz· . . !,5.511Moten. Edith W.. 1 >; 1.·15Mill·i,hy, 1-51:inche K. 156.5(iXesl,itt, 1)avis T.. .. 21.WXe:-1)(1·t. I)(,I·„thy .\. 21.1}11X or,lk, 11-:1114·1- 1·'.. S.1,(,i)'IS/·i/·ii. Kile,·11 M. 3.()(10']1:11·:1. i·.(1//'~11~,1 .1... A.50o'Hal·a, Mary bll,·11. :7.54)4)1Kon. Violet ]C. 1.5 IPaire. Willi:un G.,........1'.11-isi. (iertruilt· 'I'.. ... ,;2.1)(1i'c·,·Shell. 1;uss*.11 M. 176.·15Pi„re'·. 11(,atrice }3. - 1./1.,l'iet,·11. FI·an "&. 6.1.451:,ty, Elike,lic·... .., L,-,-61'.„lw·tv. .I<)1111 1:. 12!1.5'~B.·he. Flo/·Ill{·t'. .,1 1 4"k,·:111. 1·'vi·lyn. _.5,1>;ch,teft·1·. I)„1„reN. 21;.25>N·hillin:,11. 1|il(1:I i~..... 1,1.00
1.75Sh,·1):11·(1. H:lt·ali M. 55.OIl
77.17Smith. \Villi:Im H. 51.,11,>411·it)lin. I'"t-'111(·es i:. 5 1.7Sullivan. .h,11„ 1'.... 141'.511Taylor. .Joy,·1)11 .\.. 0."0Thoma>, X.rma J.·
111.1'(1Traylor, /£(1„· (i.Vernr)11. Itriger I.,·e. 311.13i-„X,·1, Virl.il ·I..... 115.3(I1':'1111,·lt, EV(·i>'11 it 35.011\Ve>;tht•I-X, Militred .,, 1.5.511Wei:H]11.111. 'I'*·S:it· H.... 12.114)Weiton. Christian .\. .12.Of,Yochim, k:, 11)11...... .. /11,)Zain,·1·. Th,·„11„re C. 7.1
4327. 111
$53.711.71
On niotion by Mrs. I.ight. sermicl,·cl by Miss Taggart. the foregoing reportsand r,·commendations o[ the committee were approred. Expenditures for thereimbursenic nt of the contingent account and for 1110 payment of bills, refun(Isand de:ith benefits wei·c, :1111 horized and confirnwd for each account shownabove by the foHowing 1011-can vot, :
Apes--Miss Bc·ully. .%11·. M *,i,q·clic,rks, MI'H. .1,11,;1 Mell. Mrs. 1.ielit. liiss 'i';iggart,Miss But'Ils-6.
Navs-None.
Nov,·inlipi· 1 0. 33 1955
Issuance of Duplicate Warrants
'rile committee repot·ted furthen· that persons, named below, re(luested duplicatewai·1·ants in lieu of the following described checks, which were received andlost. Afridavits, certifying these losses and in each ease indemilifying the Fundagainst any liability, damage, 01· expense which may result by reason of issuingsuch duplicate warrants, wei·e submitted also.
1 :ime Amount N,Imber Dnle Purti«,Me
11:,1·1·irt .\. Bul·nhain. .$111(1.00 . .2,;l)55.1.... 9/:10/55..........Pension liaymentNtt:i C. Mill:I·. 5 104. . 21,79:;....10/31/55..........Pension pay:nentHidney l)'Malloy 2:;6.10. .26SISG....10/31/55..... .Pt,nsion payment
On motion hy Mrs. Liglit. sec·oncled by Miss Taggart. the recommendation ofthe coinmittee was approved and thc, warrants were ordered drawn by thefollowing roll-call vote:Ayes-Miss Scully, Mi·. Meierclierks. Mrs. Johnsen. Miss Taggart, Mrs. Light,Miss Burns-6. Nays-None,
Purchase of Bonds ConfirmedThe committee 011 fillance reported that. in a mail vote prior to the date ofthis meeting, tile 1,111'chase of the following de.sci·ibed bonds was approved atthe 1)1·ic:es 110ted Plus acct·wed interest. It recommended, therefore, that the1)111·chase of these bonds be confirmed, thal they be registered as to principal,and that thes· be accompanied hy an approving legal opinion.
'moltilt Dewerilition of non<10 Date of Dnte of , '(D(I'lir Value) Name of Firm IMMUe Mnt,irit) litld
$ 55,000 Cook County, 111.,Scho<,11)istriet 87, S/1/55 1/1/75 :1.10 ;:Berkeley, :PX; ,<chot,1 Building,
Scott & W>·.3 11(1 t::3.1,00 Conk Cwntn Illinoiss, Homet„wii 6/1/55 1/1/GS-75 3.20:c
1,1 irc' Protection 1)istrict. 31-f;C;,0,1;~lilding & I·ilitiliment,
/„1)(·1·t Vick & C„1'1,„00 .1,·ff,·I·son & 11:zi·ion (;,imtic·s, Ill. 12/1/65 1/1/67-75 :;.21)9:
('inrnltinit\· ('/118. School 14:tricl:C). 1,3 S,·Ininl litill,linK.
Th,· \Vhite-Phillips('n.('„litinlitts & S,}11211,·1'11 Ohin |'.12(·- 11/1/5 M 11/1/,3 3.1255trie Co.. 396,9 First Mtg. Bonds,
11:ils,·v. Stit:n·t & C.., Tic.100,000 H„uth,·1·11 13(·11 Telephone & Tele- lu/15/55 10/15/95 .;.2"rk
11·:11)11 Co.. 332 '5 1)*,11*·Iittire:,Slifel. Xic·ol:rn: & Co.1.. S. 1)ickson & c'-
lilli.00,) 1,01;r 1541.ind Lighting C.., 11/1/55 11/1/8S ::ISO' ;:F·, t; First Mort,4:,Art, 11, ilid:,
S:11„111„11 Bro:. & }Izitz.ler100.M" Xnehigan (7(,ns"lidated Gas Co., 11'13/55 11/15/80 3.355
ald·'; First Mortu:ige Brmils,Goldman. Sach: & Co.
100.000 Xi,w 1'.ligiand Telophotie & Tele- 11'15/55 11/15/91 3.2 Or;graph Co.. :;1': i; Del,entures,li,115(·v, Htl:,11·1 & Co., III(·.
M..4 rew York St:it,· I·:1,·,·dric· & Gasi 4/1/55 9/1/85 36.;C,)1-11., :19, ¢J; 1·'il·st liMit;r:,Tel~onds,
4:110!non Iii·in., & flutzler
On mc,tion hy lit·.4. Light, spcondecl hy 111·. Meigi·clici·ks, tlip al,cive trans-actions wei'r approv,·cl :ind confu·nwd hy the following roll-call vote:.\yes-Miss Scully. Miss Taggart, Mr. Meiordierk:, 111·s. .Iohnsen, lirs. Light,Miss Burns-6. Nays-None.
November 18, ; i 1953
Refunding of BondsThe committee on finance presented t ho following proposal for refunding bondsof Non-High School District 216 of ('ciok County, Illi11ois.
HoN!»4 ow:u·:I) in' '1'iiI·: ]'[ Ii)
$265,000 (par value) Cook Count:·, illinois. Non-High School District Num-ber 216, described as follows:
$30,000 @ -1 %, issited 6/1/ 10. (111,! 12/1/5810,()00 @ 41%, issiwil (;/1/·411, due U/1/5840.000 i %, issued 6/1/·10. clue 12/1/59
10.000 @ 41%, issurd 6/ lito, due 12/1/5,10,000 @ 31%, issued 6/1/10, due 12/1/59:15,000 69 'lts; , issnic'(1 111/1/51, (1110 12/1/60
70.0(,0 67) :1'%, issued 10/1/51. due 12/1/6560,BOO (77) 3:1%, issited 11)/1/51. (111(, 12/1/70
'17) lili ICXCill % 1 C.!·:I) 1·C)It
$265,000 (par vallie) Cook Cozinty, Illinois. Non-Iligh School Distric:t Nuniber 216 Refunding Boncis, 1,raring the saing intes of interest, approximatelythe same inaturity dates as the bonds now owned by the Fund, and anapproving legal opinion by Chapman and Clitler, which is based on theaction of the Illinois Sul)1·(,nic. Court zipholding the constitutionality ofthe law governing this pal'ticulat· refunding.
On motion by Mr... I.ight, sm·i,iicit,cl hy Miss Ihirns, the abc,ve refunding of bonds
was appi·oved, filid the executi\e :.crot:iry 11·:Is 1,1·(1('t·r(1 1(, 1)[oceed with all
negotiations thel'(,i-(,1' lir' tile billowin# roll-call vote:
Ayes-Miss Scitlll·, Miss Taggart, Mrs. Light, Mis. Jolmson, Mr. lkierclierks,
JIiss Burns-6.
Nays-None.
NovulnbOr is, 1955
Bequests to the Fund'1'he. committee on finance presented the following reports on bequests to the
Fund by former members. One was given iii memory of Della L. Loye and in
accordance with her expressed wishes. Miss Loye was a teacher in the Goudy
School prior to her retirement in September 1935. The other bequest was
paid in accordance with the terms of a Will executed by Jennie E. Mohler.
Miss Mohler wass a teacher in the Calhoun School prior to her retirement in
September 19·10.
THIC ])1·21,1.., L. I,(n-11 !;E(!1'ICS'I'
In a sworn statement Isal)el A. Cramer and James E. Loye stated,
That Della L. Loye, a participant of the Public School Teachers' Pension
and Retiveniont Flitid of Chicago, dird in Fort Lauderdale, Florida, on
January 31, 1955,
That they are the only living heirs of Della L. Loye,
Th:it, becatise of their sister's appreciation for benefits to retire teachersand het· sincore intel·ost in all matters of teacher welfare, it was herrequest and their desire that her final pension payment in the amount of$106.00 be given to the Fund iIi her niemory, and
'1'hat they release and disc:harge the Fund and the Board of Trustees fromany and all claims in this behalf.
THE JEIXIE IC. MOHI,1,~R HEQUEST
The Superior Court of the State of California and for the County of LosAngeles handled tlie prolmtp of the estate of Jonnie E. Mohler, who diedin Herinos:i ileach, ('alifornia, 011 November 30,1954. The Court ruledthat the estate 1,0 clistril,Illed ;18 1)1·ovided in the Last Will and Tostamentof Jennie E. Mohler. Accorclingly, a check in the ;uni of $·168.50 wasforwardod to this Fund. This payment represented a bequest of $500.00less $31,50 inheritance tax required by and paid to the State of California.
On motion by Mrs, Light, seconded hy Miss Taggart, tliese bequests wereaccepted, the reporIs wei·e orderpd printed in the proceedings of this meeting,and letters of oppreciation to th(, hei:·s or exec·utor were ordered. This motionwas approved zinanimously.
bilid..
Noveinber ls, u. G 1955
REPORT OF COMMITTEE ON ANNUITIESAND CREDENTIALS
PensionsThe committee reported that at)1)lications for pensions wei·e presented for1,01·sons, hereinafter listed, with the recommendation that the pensions beal)proved and gralltrd in the mliounts and linder the condilions ser forth here·with. In the case of each applicant for service or disability retirement pension,the employment of the teacher had ternlinated onic·ially, the legally prescribedmillimum years of teaching 801·vic.e were completed, and roquirements Withresl)pet to ag·, (il :ipplical)lei were fultillt'd. Each applicant for disabilitypens;ion was dec:lai·ed hy thi·ge (:ompete.itt physicians to be suffering froma disability whic'h Whc )11 y und pre:zin::11)1 y permanently incapacitates iii m fortoaching. The applicants for widows' ami reversionary pensions flirnishedpropel· evidence oftlwil l·ights to re(·Pive Sll(·11 1)(*118ions.
11 ,·/~,/,er'% 44·11(Hil .civil'iIr YrM. '1,41 1) nt I
hy. Inme of 'I'e:ic,]irr 1/5,31)/r'. Nint,IN 110.4. 1)11.·N Fr€>rn linte01"1'IC)).%1. 41'.I:VICI·' li]C'I'tltl·'711'3'1' 1»!CNNIC)is
SATI Augen>:t(·111, 1,Illi,in.....(:nah:ili ....... ··to-1,-141 11/11/5; $::.21*;I'll;8875 1:i,·14'!ilwi·gr, Henriette...<lial,linir High. 11"-11 6/25/55 0419.(118*76 Hn·lt, 1·'11,-·n V......, ··1:111·. child Htllib· .32-1-10 10/ 1/55 2.697.406 915 (*h:irlic,11*.311, Rritli H....1.*·11„yiw ........ .:1>:-5-,1 4/13/55 2,87.1. 1)1)NS77 1·»Pie, N,·ilie K.........ci·:int· T,·ch. Iligh .24-4-10 G/26/5I5 2,017.M,SSTS D'„s<>der. Met·ritt L....... I.:ine Tech. High :4:;-0-!) 9/17/55 2.622.12.%75 II:allor. Mal·v H ..1·.bill;rer . ..... .:; 1 - f) - fl 6/25/55 2,371).48%8>m Kirmse. Trene H........Chi·istoph,·r ... .. 12-0-0 0/25/:1:, 3.;56.16S%S 1 Knzak. Peat·l M.........livdt· 1"irk Ifigh. .25-4-11 10/10/55 1,145.52S#02 Nick(·Isen, 11.11·11:erite..1;,·11 ..'. ......... N' 7-7-10 10/ 1/56 2,974.20/xxs Xic<,11. Thomas 11. ..1.:rne Tech. High. .:11;-1-11 9/10/55 2.%63.56NKKI X„,·:1 k, Rose S.. ... .. 1'.,irm.il,1 ..... · 211-::-41 1<1/ 1/55 1,1;1) 1. X KSS.5 <)3;·ill, Man- M.. ..12,·il:rer nigh '.2-1-11 9/27/55 1095.568#Xti Perry, Franer·s n. .. 1·:,1,V'll'(IS . i:;-:;... , / 7/55 3.126.84ssK7 Petii,11, Tda 11.... . . 1·.,· 11 irt· i· 11 i Rh - 9/16/55 2.910.72xxx> 7:,·liftisM. I·:clwar,1 J... ..1'in-. ]'1:rd..... ./9-1,-11 1,1/ 1/55SAX!" Sh,·rid:in. Ji·/11)ic· A.... .>-1,:81,ling irirrh. .,5-1-1. 1"/15/55 2.3!15.56IXim /'Nt-/1. (*1:11·iSK:1 1'.. .St):al(ling 11igh.... ·~,2-3-1~ 9/iWLS -,x*'41 ilinkler i.,m·. .... . \V:i:;hl,)11,· '1-t·:tile .211-11-11/ 6/25/55 I.WIN4%92 7,·:11.121;rll, itelen.1.... .>h·Irn 11iarll....... .2:*-1~-11, 0/2 8/55 2,11 G %0S I '1 Xi:h:11]:411, Marth:t M.. 3-„1 >:1,·111,011 Iligh .22-2-1, 7/19/55 2.1,3.:2
C ()111'[ 1.41)!E; 41:1£1-](·14 1{1('1'11{141!1:1'1' 1'1:X MIC)XM
7231 li„lt„n. 1.yizal„·th M. .1,4·:,14. . 15-1-111 1,/25/55 $2,21,1).0.8*\*91 Brittall. (111:11·108 W. .M,·(91,411 .... . 11-2-0 7/ 1/55 3,160.GO*S<55 C"lin. 1*livitrd C... .('hi. 'r,*,1. (*„1. ..:5-0-11 9/ 6/55 2.771.884356 Hintz, Ifenriett.i K. .'1':ift Iii;rh. .94-5..S 7/ 1/55 2,331.60*X+9¢; .Tord:in, 1),·ICtta.... ..Mani,·1·1·e ...·· ····47-4-ft 7/ 1/65 2,521.0.1*Ks97 Liddil. 1,5,111·oxe 1'.., ,4'1·,111,· Tech. ilik:11 . 11-11-1. 5/2 1/55 3.-46 1.(4•S 6 :ill 1.fr·il. lielen Tr...... .ruall,·,· iii#11..... 36->;-0 1/ 1/ i'., 2..6008*Ast*X Tter·I, Hadie JI...........1·:nil,·„·,~~~il lii;:11 . 12-1-" 6/25/55 ~303.72*S K !/:i H,·nnott, Al:te K..........1„ti,·: 4*i,inm. Iligh..:;2-2-0 11~'13/55 2,543.56S !,01, Spuririn. William Il.....1,ir.-I:xt„·11,liture: 1,-f'-11 6/25/56 3,521.014 till 1 Thom:K 1101,>11 M . Hehurz High ..... .,1-7-" 11/ 5/55 2,565.12*S!)02 Williams. Gwrndnint M.A·:tigle,v„nil Higil . 15-11-fl 0/ 4/55 ..521.01
* Emnitil) f ,·(lf·11,·1· ,·ctirril ,111,1 1·c-emplnuinrnt on a temp,irn·?# baNia.
IMM,1111.1'n 1{1:'1•Illi,N~:rri:xM!()MS
1)-450 1:iii·1, Fr:inces IT. -Ht•,innic tz lii,·h .. .2%-1-1,1 7/ 1/56 31.709.1.117...151 I•.ls/„11, liorth,1...... .1,:lke I i,•W 1/igh . .21-1->~ 10/23/51 1,321./S1)-452 jim·,·is, 11;trold Z. ..il:,!·per fligh ......15-3-10 9/ 1/55 1,102,92
Ni,Vulilli·i· 1%. 1955
WIDOU», 1'1·JWONSn..\-05 Fox, Vivian E. 9/29/55 $1,400.0-1
(Widow f Willicon P. Fo.t·.traclic )·-1„·inii,)71(11·)
11,lekult, rah·h· W....... .. 2,-1-1 1, 10/ 9/56 4·10.0 SC Wid,ne of (;1·'un L. lic,·1.Itt.t,·cic·lirt·#
\\''l'-11 Huncy, 1),rotit..1 .\. 27-4-10 111/1>./55 1,038.60/ 11 . i,/,) 11 . c , f Joh , i E.. Ke)1( 11 , 1 )} incil)( 11 )
WT-15 >:uter. Ih·len F.. .... 0-5-10 4,12/56 1,004.SSC 11'id. I,· „1 11'i//in 11 .1 . .tut,·1·, t racher)
Ill·.i'1·it<I¢)1 .Un 1,1:XMION
I:004 Huteliffe, 1:ilth M. .12-2-10 9/24/35 $ 2,6ST.52
(1;,·rcrxicinai·4 Zic·tic·liciar„ of Hc'iril Nufc·jiff,·. t, mb,1-11,·)2inizi=)·. r,·tired 7/1/51 on1·,·(111(·t'(1 111')ixion of $2.{:41.6! 1,1/ rit·(·tion. (11,11% fill'(1.)
On motion by Mrs. .Jolms(,11, sec·omled hy Miss Burns. tile recommendationof the committoe was approved and the service retirement, disability retire-ment, widows' and reversion,11·Y pensions. listed 71)ove. were granted by thefollowing roll-call vote:
Ayes-Miss Scully, Mr Mrierdierks. Mrs. Johlisen, Miss Taggart, Mrs. Light,Miss Burns-6.
Nays-None.
STIN.Un- OF IDENSIOXS GRXATEDOptional son-ice retin>Inent pensions. ... 21('(,111])111:„ry :el·Vic·. retil·i·!11.·lit 1.,11.i„!1>:... 12
)15,11),lity 1·(·tirement 11(·115<i{)11,.. .... u .
\\ i {LIK M' 1~'·Ilsi,)11Z4 . . . . . . . . . . . . . . . 1
ReverNif,11:11·1· 1)¢·112410,1 .. 1
Noveinber IS. S 1955
Cancellation of PensionsThe committee reported that the following pensioners have beell re-employedas teachers by the Board of Education. Pursuant to thu law, the committeerecommended that pensions of the persons, horeinaft(i· listed, be cancelled asof the effective date of re-employment.
Rate of DnteNnme Pen,tion Itc-employed
Abrams, Marry A......$3,267.04 10/31/55Akerlund, Oscar A. 1,159.0, 10/ 3/55Brown, Ralph T,.....,. 1,2:).1.0# 9/ 6/55Clough, Nelda F.... . 1,975.OS 10/31/55Cross, Kathryn 11...... . 3,200.01 10/31/55Ellis, Byron ............ 2,895.00 9/28/55Gerard, Charles< E. . 1,51:;.OK 10/31/55Kelly, Anna M........ ... 1,:;AO.01 10/31/55Lavin, Irene H........ · Al)0.(' 1 9/11/.5Savage, Nonie W......... 2,·1·13.00 11/ G/55Sinnott, Margaret M. ::,:]51.1;1) 9/26/55Torgerson, Clar,1 11...... 2,170.u>; 9/ 6/55Whalen, I,(,Hise M.... 1,11:''D.11 9 i'/16/5,5
On motion by Mrs. Jolinsen, seconded by Mr. Meierdierks, pensions for persons,listed above, were ordered cancelled on the dates indicated. This motion wasapproved unanimously.
Xi,reinlit·r lS, 19 1 156
Outside Time and Military ServiceTile committee on annuities and credentials reported that afndavits or otherevidence, attesting to m· certifying service in the public schools of the severalst,Ltes or in schools opel·:Lted by or under tile auspices of the United Statesoutside of the City of C,hicago and time spent in the military service of tlieUnited States during the pension period are hereby presented for the personshereinafter listed with the recommendation that they be approved; providedthat in the case of outside teaching service no more than 10 years be creditedand also thut tile last three-tifths of tile term of service for which an annuityis granted shall be in tile public schools of the city.
X:,me Sell m)1 1 rK. M.M. 1)ny'
TEXCIIING SICHZ'ICE IN 1'1 Ill.IC %Clit)OLA OIL UNDElt XiMPICEM OF 'r]Il: U. M.
Pr:idlen Lillian W. . Williams......... ... ·· 7 0 0Bruno. HI]da T.............·.······\\-ells Iiigh................ 0 5 0Freeman,Dorotlly M..... .....~-... i.·ort,strille ................ 0 7 0Gr.Live. Mildred 11...................howell .................... 1 0 0
10Hill. Glenna L......................i,ell ....·····.············· -Ilowe. Samuel W..............~.....\vilson Jr. Col.............. 0 1 0Hunter. 11:11·old L...................Chicago Vocational......... 5 0 0I,ight, Laura M............. .......1:arker Eleni. 0Meyer, Kurt I-I............~-.....- .-.i:irsh:ill High . .... ..... 1 11 0Morrison. Geneva M. 15...... .....liowl:,11(1 ........... ...... 2 11 0
Urapier. Mary T. ... .... ..... .. Edison .pilat. .h,sel,11 S.. ... ..... ......ily(le P,irk iligh ....Hask„. 1,Illian .\.....................Moos .............:uttizi. Mary A. .1'hil Sheridan ............. n u oWard. Stella......... .............(1:lkenwald .... .. 1 1) 0
111:.1'1'.Un >4'in 1(1·: OF '1'kIE UX]'1'ICI) *4'1'.\'1'104Frederick. Leri................*-*-.South Shore High......11.11 Hanto. John. ...Substitute ················· 2 1 7liawver. I:aul L. 1.:ine Tech. liigh .... ..... 0 :; 13MiC,zig, Thonlas E..................Hubstitute ................. 2 0 0Vill.inueva, Josepli F......... ......>:11),ytitlite ....... ......... 1 31·1
On motion by Mrs. Johilsen, socon(led by Miss Taggart, the outside time andmilitary service for the persons listed were :1111)roved unanimously under theconditions prescribed above.
Revision of Outside Time CreditsThe committee oil annuities and (·1·(!cleliti,715 report,41 that for thi, person 11:linedbelow toaching Ket·vice in tlic, 1)ul)lic' schot)Is outside Chicago was approvedpreviously. The records of the Boal·(1 of Edlication Show that the outside timewas rendered concill'l'ently With te:whing sorvice in the Chicago Public Schools.In order to eliminate sitch over-114)1)ing credits for outside time and Chicagotraching service, the committee recommended that the outside tillie be reducedto tlze amozint Sllown below; tliat contributions therefor be adjusted; and thatth,) records of the Fund be changed acorn·clingly.
innir D:,(r,4 Of (Mi~i'ir 't'line lrN.U.knala(Revised Credits)
E,,litlin Matil,lu.............Selit. 11131 lo ~d:ly 11)37. S 10/ On .Ta,1. 21. m.:S, fhe' li,irird of 7'rusterN ,;31)·ovcd 5 wm: rold 5 111,jitths;
On motion by MIS. JolinMOn, seconded by Miss Burns, the recommendations ofthe conimitter were apl)1·orril imanimously ami the above-(les(·1·ilird revision ofoutside timt· credits was duly authorized.
ADJOURNMENTOn motion by MISS lilli'lls, 843.Colided 1)y MiKA 'i:iggart, the ineetilig adjourned tomeet at the call of lize Secretary.
Recording Secretary.·1€94 137
19361:Inuary 20. 41
REPORT OF TliE PROCEEDINGS
OF THE
Board of Trustees
OF THE
Public School Teaeliers' Pension andRetirement Fund, City of Chicago
Regular Meeting-Official Report
Friday, January 20, 1956
A regular meeting of the Board of Trustees of the Public School Teachers'Pension and Retirement Fund was held Friday, January 20, 1956.
The President, Miss Scully, called the meeting to order at 2:00 P.M.
ROLL CALL APPROVAL OF MINUTESPresent: Miss Scully, Mrs, Light, Mrs. On motion of Miss Burns. seconcledAcihnsen, Miss Taggart, Mr. Meier- by Mi.: Taggart, the minutes of thedierks, Mr. Marshall, Miss Burns-7. regular meeting of November IS, 1935Absent: 111·. Whision, Mr. I-Ing·gertv were approved as printed.-2.)Ir. Morris B. Sachs, City Treasurerand ex-offic·io member of the Boaz·cl ofTrustees, was unable to be present butwaS rel)1·0:<entted by Air. Thomas J.Con·itmn, Chief Clerk.
Jam:ary 20, 43 1956
REPORT OF THE RECORDING SECRETARY
A Correction in the June 17, 1955 Printed Reportof the Proceedings of the Board of Trustees
The Recording Secretary reported that the signed documents for the paymentof refunds a/c resignation show that on June 17, 1955 the trustees authorizeda refund of contributions to Victor Lahtinen in the amount of $1,269.79 andalso total refunds a/c resignation in the sum of $15,778.48. The printed reportof the proceedings for this meeting show the amounts as $269.79 and$14,778.48, respectively. The Recording Secretary recommended that theminutes be revised to show the corrections in refunds a/c resignation, indicatedherewith.
On motion by Miss Burns, seconded by Mrs. Johnsen, the recommendation ofthe recording secretary was adopted unanimously and the above describedcorrection in the report of the June 17, 1955 proceedings of the Board ofTrustees was ordered.
Jatiuary 20, 44 I95h
REPORT OF FINANCIAL SECRETARYFinancial Statement
September 1, 1955 through December 31,1939
1%1-IC%'r,117%'1' ACCOL:xy'
Investments, September 1, 1955 at Par Value(:1) Bon(18 of the United States :ind of the St,ite of
Illinois und its subdivisions..................5 24.4.1*;,2.17.31(b) Chicago Board of Education 0, tax anticipa-
tien Tv.il·rants ............................... 10 0. 4) ,
Total ... .$ 2.1,11.1,1.317.5 1Add:Total invested 2,027,(1041.„„
26,972.:147.51Di·duet:
Bonds matured 8.1,500.00
Investments, December 31, 1953 at Par Value00 Honds of the I-nit,·,1 St:at,·s :ind of the Ktate of
Illinois and its subdivisions................. 25.2:;S.7.17.54(b) Corporate bonds 1,6511,00(U),1(c) Chicago Board of Education 6,3 tax unticipa-
lion warrants .............................. 100.Ou
Investment Account, December 31, 1955 at Par Value .... ...$ 2408,817.51
Iti·:CICIP'1'4 XND 1)!AIHIt>42~11.X'l'%
Cash Balance, September 1, 1955C.':1.sh-City Treaslirer ,.1,11,1,...,Cash-Contingent fund s"„r).4,/
S 0,002.36
lil·.('Elli'MInvestment Income
Interest ColiI )0 ] ls I , n · Kented fc ,r 1 ), 1 ,· lilellt 2 !0) 60 . 2 [ 1Interest income on tomporili y im'(•Mtnients. .-12 "+41.~0
Tax Collections Remitted to the FundLevy for 19·18 and prior............ .1,·1:;1.20
'' 1919...................... 1,65,1.tri·· 1950....................... 7711.47" 1951... 1,xI K.,1,;
1 1,/st'.::x1./u.. .................····
" 1953................. ..... 1.702.1„" " 1!;54.................... .. 1,8:61;.x.;2.'17
1,562,014.61
1956Janual>· 20. 43
!{/·;(' I ,Cl / D '['>4 , 1 ·* Ilitill !11 ' 4 | )
Contributions by Particip:ints (Sal:iry Deduction,<)Ergul:it· t,·:u·het·s ........... 1,9,%4,'177.1;Substitille te:n·her> 107,·116.8.1
1,710.<11
2,0,/·1,1:,1.7,1Cash Payments to Fund by Participants
(;,) For· St·!·r-1,·e 0111>41<lt· ('hi,·,tkr„ ..... 1/.672.,1.(1)) 1•'„1· Clecliti,1,1,• 4'ht(·.11:(i :i•1·\·ici·. 123,;1)1).21;
00 For inten«t .....................1,11,138.13
84,500.00Bonds Redeemed :it Par Value····3,287,170.5-1U. S. Treasury Bills Redeemed at Cost
Miscellaneousret 1,10(·(·t•cib 1-1.111 ld:i Kind,·r >41},·1,:11·,1 |,MI,1,·At. 1 ':. 111 1. 1,;Huff* from Jennii· 1·:. M„hler it;:.5(11:c·imi)ulsement fu,1- tc)1·gril cht·lk................ 59.17
16.1"12.1
'1'„l:il 1'.c;pilit: Sept. 1, 1:155 thru 11,·c. 81, 1:155. 7,78:1,168.35
Total Rect·ipt>: :211(1 lit·ginning· Balance. .$ 7,869.170.71
1)1%11, 14 Al:111·:I'l'N
Refunds of Mentl,ers' Contributions, clue to(a) Changev in rates (,f i·,111trihittions. ........ 9,073.91
(b) Resignation of teacher:. 11,281.1:;(c) ReviHion of out:ide time.................. 3.00(d) Itrth·ement of mall· te:when not entitled to
WidoWS' :'1111'lity ......................... 760.00
(C) Sol·vice in excess of ·16 year>4................. 743.82
51,861.SE
Pension and Benefit PaymentsGros>; Pension Payments:
Ser\·ice Hetil·ement . . . . 2,·11)2.8.i 6/30Disability ............~. .16.198.9,1Widows' .. 7.180.76Reversionary ........... 1,f)02.21
2,458,128.40lh:(illet:
131110 ('1·,)ss-lilite Hhirld premitini.:rvithheld.......... '1,1,172.(;9
12,1,955.71Acld:
Blue (21·08:4-14!lle Hhirld premiums]):licl ......................... 'i,;,1NG.58
2,456,112.24Death Benefit 1 ",lyment<:
Refund of ,„ntributions........ ·12,913.62Single-suln 1,(·!Wfit on death in
54'1'ViCe 32,000.00$500 (singh·-5411111) un (le:,th of
Dellbionel'S .~. ·1,000.00
78,913.62
2,537,055.lit
m~La,1
January 20, 46 1956
Financial Statement DIABI - IMEMENTS (continurd )
Administrative Expense00 Oflice Salaries:
Not s:·ilaries paid............... 23,819.95Contributions for pensions. ..... 1,710.SO}:lue Cross-Blue Shie](1 1}remium:
withhold .................··· 512.60Income tax withhold....... 4,785.60
30,628.95(b) Profession:11 services:
Acturirial-A. A. Weinberg(7/1/55-12/31/55) ...... 2,500.00
Logril--Kirkland, Fleming, Green,JIartizi & Ellis
(6/19/55-12/18/55) . 2,500.00Medical ..................... 105.00
5.105.00(r·) Rent-1 months . 1,602.00
112.3913·1.91
(f) T:ibulating service............. 3,065.01(1) Miscoll:uN·ous oflice supplies...... 2,164.76(h) Printing:
Of!1ce forms and sum)lies....... 2,618.00Pul)lic:itions for con triblitors
(Pension Facts, Text of I.:iw,2.744.00
1:leelion nuiterials ....... 777.00Acc.ounts receivable supplies.... 755.00
6,894.00(i) Post:lge .............................. 1,716.13(j) ('Ost of collection-bonds and interest. . . 21.61(10 Blue CE·r,KA-nizie Shield premiurns....... 51.00(1) Clerical services ..................... 784.13On) Miscellaneous expenses ............... 138.02
52,150.84
U. S. Treasury Bills Purchased at Cost 3,086,216.79
InvestmentsBonds pure:hased (1):ir value)........ 2,027,000.00Premium paid ...................... 25,586.99
2,052,586.99Less discount 4,556.00
Purchase price Z,048,030.99Aecrued interest I):Lid.... 8,579.22
2,(15*;,1;1').21
Total Disbursements September 1, 1955 through December 31.1955 7.787.195.411
Cash Balance, December 31, 1955C,ish-('ity Treasurer ......... 78,236.66Cas,h-Contingent fund ....... 3,7:18.41
5 81,:175.111
ReHI)ectfully submitted,
GEORGE O. I\IEIERDIERKS,Financial Secretary.
On motion by Mr. Meierdierks, seconded by Miss Taggart, the four-monthstatement of the Financial Secretary was approved and ordered printed inthe proceedings of this meeting.
January 20, 47 1956
REPORT OF COMMITTEE ON FINANCE
Reimbursement of Contingent AccountThe committee on finance reported that receipted bills, cancelled checks, bankstatements, and other supporting documents covering expenditures for theperiod from November 18, 1955 through January 17, 1956, inclusive, andtotalling $1,956.66 were audited.
The committee found that expenditures had been made properly and recom-mended that this account be reimbursed in the aforesaid anmunt.
BillsThe following bills were presented with the recommendation that they beapproved and paid.
Addressograph-Multigraph Corp.:1/ 9/56 Supplies aid service for embossing...............$ 63.75
Atlas Stationers:12/30/55 Oince supplies ................................... 144.64
Barnard & Miller:11/21/55 Printed ofllee form. and supplies..........$ 374.50
to1/10/56 Soptember proceedings ................... 375.00
749.50E. W. Boehm Company:
1/16/56 Mimeograph sumilies ........... ... 17.70Burroughs Corp.:
12/ 1/55 Maintenance for Burrotighs adding machine12/30/55 to 12/30/56 ................. 1 S.00
Chicago Cup & Specialty Div., Clark Products:12/21/55 10,000 PIll}er etips................................. 40.90
Hayes Statistical Service, Inc.:
lasgaSBE} Actimrial statistics and insurance report. 1.062.65
11/21/55 Financial statistics .. 102.3011/21/55~11/30/55 Pension payroll ... ........... 232.4012/29/55
1,397.35Kirkland, Fleming, Green, Martin & Ellis:
12/13/55 Professional services for litigation ................ 500.00
Panama-Beaver, Inc.:12/27/55 2400 Sheets carbon paper......................... 125.43
Pitney-Bowes, lIne.:12/13/55 posta,re meter rental 12/1/55 thi·u 2/29/56........ 36.00
Remington Rand, Inc.:12/ 2/55 Adding machine niaintoriance-
12/5/55 to 12/5/56 ........................ 21.231/ 5/56 Typewriter maintenance-
1/16/56 to 1/16/57 ........................ 74.1012/12/55 Typewriter rebuilt ..................... 53.32
148.65Standard Register Company:
12/13/55 GOOO No. 1099 Income Tax forms ....... ... 59.94
$3,302.36
January 20, 48 1 ')56
Refunds and Death BenefitsThe committee reported that documents pertaining to claims for refunds anddeath benefits for persons listed herewith were examined and verified. Ap-plications for refunds a/c resignation were made by persons who are nolonger employed as teachers by the Board of Education. Claims for refundsof contributions and for benefits payable on death of teachers and pensionerswere determined after certifying dates of death and establishing proper evi-dence for each beneficiary, administrator or executor. In the case of BrinaMagida Rodin, application for a refund of contributions in excess of widow'spension payments was due to cancellation of such pension because of re-marriage. The committee recommended, therefore, that refunds and deathbenefits be granted for persons listed herewith in the amounts specified.
The committee reported further that other refunds to contributors, listedherein, were paid at the time a report on the audit of such contributors'accounts were submitted. In each case, the refunds were due to changes inrates of contribution for creditable service or to other required adjustmentsin the application of automatic increases in rates of contribution by the Boardof Education. It was recommended that the payment of these refunds be con-firmed and approved.
Refunds a/c Resignation:An thony, Arl ,· ri e ..... 25.:, 7 0Anthony, 1)~,I·(,th-r ... lit.14Barsky, Dm·iM S. ... . 4)1.00Byrd. Martha M. ..... · 171.11DuBois, Floycl -W. .... 23.1.6>;1Cclidin, Zelda ....... . 60 4.00TIanna, .hilia Mary ... . 526.00Heftel, Harold ........ . 1.227.45Herbert. Lilii 1·...... . 386.1Horan, Marilyn IC. 144.90Kahler, John K....... 359,58Ii,ivin.<1:y, Louiye H. 25·i.00Killhoff, ledward ,I. .. · 88.0.1Lederer, Anne Z. .... 458.·19Peel, Frances W. .... 1,090.60Plant, Walter J. ..... . 922.00Prince, Lucya V, ...... ·· 798.00Shafer, Hohette M. .. 876.00,Spirit, Lilli ...... 61:1.65Venriell, Claudia . 102.31TV€'llirigton, Diall:i (3. .157.75W»nzel, Mary ...... 61.92
5 9.672.53
January 20. 49 1 0 3 6
Refunds of Accumulated Contributions on Death:Bell , Agne .4 E . ( L'xtitria K , wir ,19 crut Fult „,1 Kircll . lit ' ne -
Tic·ia,-i,·.q) $ 3,646.06Callagh :Ii . I- 1 ,· len M . (. hihn . 1 . ('(111~91 , 11 ,1 . lit- nefirit„·11 ) .. 3 , 435 . 50Gillen , Flort_· net ' w . ( Lom l·:. (; ille , t . belictic · i , 1 ," IF )....... 1 , 365 . 280(1lltmaWL M :iry (.1 (,11 , 1 1 '. (; Ht "'nun (ill , 1 . lilli · liti ('.
3,22,5.98Hopper, 1.4,1·etta ( .1/,1 i·.i/ //„liver fin,/ ./,ix* 1}11 11 „/,1,er. bcm·-
fice ic,Iic.f, 3,322.89
Kane, Edna H. (//arru ./. Airm·. bene/i,·mr//) 3,120.00Kiet · land , Mattie E . (/·.71 , 1 . W . .rehi ·w· de ,·, 1„ mlit ' ili ' V )... 2 , 000 . 00Min:man, Margan·t F. C.lhu·k .1..9 i,i,th,tit. it,/Ii'ii,i.~f i·,it„,· i 1,657.00O'Connell, Milci red S. (Thait,/cris I.·. O'f '011 ite/1, bene/iciar,/ J 2,72:1.S tRe>·nold:4, I.eatha A. (Huld (th ..1. ('f, ittiflt li'ili·,1, (,it i,
n. .·11·t,·,·tmrn, F.lizabrth 0,·li,IT· brii<·/1,·iciric.,J .......... :135 1.58•27.867.10
..4,inuitan ta
Single Payment Benefit on Death of Teachers:Bell , Agnes F.. ( EMt ,tria Ki nned !; *ind I·hiltim Eu·til . brur -
Tic· ial·iCH J S 2,500.00Callaghan , Helen M . (·hillit ./. C ,111 (1111}(, 11 , benfflrinr !/ )... 2 , 500 . 00Gutmann , Mary (./ t , h n P. (; titinti } 111 . brtither . ttillt .\ 1 , Ii ·Ii, t )
C. Storeker. Ri ,ticr ) ........................ 2 , 500 . 00Hopper , Lon· tt : t ( M ( tr !' lit, litier , 8ixtrr . (lilli . 11, 8/ 1)11 11 (il)-
per . brother ) ............ ....... ..... 0 2 , 500 . 00Minahan, Margaret F. (.trark ..1. .lfi,tri~,an. rid,ni,11.Nt,·ator) 2,500.00O'Connell, Mildred S. (li'alte,· 0'('„ilitc'll. /,cric·,·cm·c /'.
0 '('on ,len , Imnie' ~ ./. O ' Con ,li' ~ /, ./ offil .1 /. (}'('(, 11 , 1 ,·11 .ililidlle:ix 1·'. C)'('(innell. hetra)....................... 2.500.00
15,000.00
Single Payment Benefit on Death of Teacher-Pensioners:Gillen, Florence W. (Li'on E. Gillf,1, bc'ne/iciar.i/) ......$ 500.00Hilburn , Reba H . (('art T. Hmmrn . beneticia ,·!0 .......· 500 . 00I -lorine , Charlotte C . ( Ro !, C , lit ) rini' 11 , 1 (1 k„!1 Clarke
Norine, brneflricirieR ) ./ ............. I . .... I . 500 . 00Lineberger , Cla /· ener ( Don , th !; 1. inel),· rUer. beneficinry ) 500 . 00Reynolds , Leatha .·\. ( Elizillit ' th () rloff und 11 Iild Iih A . ('„ n -
trell Wile]/. benelic' icilic,) ....................... I . 500 . 00
2,500,00
Accrued Pension Payment on Death of a Pensioner:Wohllel , en , Murie (.1/,·8 . Maroart ' f hi' Poutoppid , in . 1 ) crixer
tindrr will of Marie Wolilleben ) .. ... I 5 1 , 06 ! 1 . 55
1,069.55(0 n adrice 01 tlic attor,tri, for the 1·'uncl find onctuthoriz<ition bit the (}Dier (d .ilien Propertit ofthe United StateR Iki)(Irtment (d Juatice, aeortted11(maion 01 MiaR Wolill'ben (forme,·111 (I foreign rewi-dent and now dec·eat~ed) mall be /mid to .1/,-8. .War-smretlie Pont(ji)picitin. a rcxident ,·ititen of theFederril Reptiblic of Ge,·in(1,1 11.)
Refund a/c Remarriage of Widow:Magida, Brinil-now Brina Magida Rodin (11'iclow
tin,1 brnr80(,trl, of Herbert M. 1[(lgitht, decenateil tett,·lier) ,S 2,645,04
2,648.04
~r--
January 24 0 1956 ~
Refunds and Death Benefits ( t '(, liti , 111 (' ft )
Refunds a/c Adjustment in Rates of Contribution:1.,·ckor, Chariotte X. ............. ···$ :LAG
7.50H,·rin:in, Charlotte S. ....... 5,1.:t:;
1.0010,1.00
Cohen, Helm:iii .................................... 1(11.50Cohn, Madeline 'N. .............,,......··········· 1.75Corbett, Svivin M. ................................. 118.80C'ash, I'40,:ilie L. ........................··········· 4.00I)olezal, -·\my S. 16.00Duc·hossobi, Kathleen B. .......................... 30.00Dur:inte, Amalia M. ...............··········-····· 1.00ICs:4,·lstrom, Greta B, ...............···········--·· 1.95Fahey, Hit:L P. .................................... 91.60Feldberg, I,ibby J ............................0 5.5()
45.·15Franklin. 1Vilhehnina L. ..................··· 5.50Gibbons, Margaret A............·············-···· 7.00Gle:ison, Gloria TV. ................................ 2.89Gorman. Mary Claire 11. ..........················· 6.00Gottschalk, Florence R. .............·············· 5.00I-Innson, Naomi Lee .............··················· 70.00I·Int·ney, Elennor .............····················· 46·50Hendrix, Betty IC. 150.25Hill, Glenna L. ............ 48.75
165.40Hosh·, Jam G. .............······················· 1.00
20.001-Itidson, Edna le. ............······················ 1.50
~;.703.50
Itkin, JVilli:iin ............................ 74.27Jurneson, Euthalic B. ..............··············· 3.50JohnMon, Domild T......,......··················· 3.00
34.00Johnson, Madeline ....................·········-·· 2.00Johnson, Myrtle .. ......................... O.DIJ
Jung, Marguerite .........,....................... 22.00Katz, Helen Ir. ................................... 14.00K,Ltzin, Marvin It. ................................. 9.00Knig. Al{,anor· AT. .........~....................... 11.50Kinnen Marie A. ................................. 70.44Kipp, L:immon L ......................··········· 22.07Er,2111/r, Mildred I,. M. ..................... 1.00Kramer, Mary Ellen ............................ 41.0()Kie, Mary G. .................................. 56.70Ki·ekas, VASO B. ................................... 46.(IXI:urland, Wanda C. . ............................... 1.54Levine, Anne P....,............................... 2.5:6
54.01)Lockwood, Betty C. ......,,.................······ 18.25Marlin, Marjorie G, ... 51.62M(·Crtic|:un, Bernadette W, ......··········· 2.00McEvoy, Joseph T. .,.,.,,,, ..................... 22.00McGurkin, Joan F. .............................. 1. () 5MeMillan, Rachel C. .............................. 106.00
MEVady, Helen E, ........................... 5.W)Megall, Helen II......................... .......... 12.4.1
76.00
January 20, 51 1956
Refunds a/c Adjustment in Rates of Contriblition-(,·„Nti,lit, *i )Neeins. .\ dele S. 32.00O'Brien. Jl':ul P. 61.00Pirtte, Rittli 13. ......... 11.22Piroir. 1'.nola P. ......... 101.50Rriehelt, June S. ........ 9.00l<inka, Thicloll,11 13. ... 1·1.001 :nx enth:11, IC t· i kn I I. .... 2:1.0 0Itudtier, Anna K. ....... 51.50Scott, Vivian M. ..... 30.·10Siegel, Judith G. ........ 12.77S|i·vCrs, Mal Kirot C. -.,0
Stich:211,1k, Ann 1'.. 1.00Tharp, Dorothy R. ..... 1.00Treher, Manzaret E. ...... 3.50Tully, Mary IL ......... 29.00Turner, Helen .T. 38.25Van Z.:incit. Dorothy M. 41.00Waligul·a..hine .T. ...... 43.70Washington. M:zxine E. 1.1.00Woodson, Modesk:i E. .... 101.75Younfr, Mitriel A. .......... 7.2,5Zindell, Leo Lee 2.00
2,55/,-67
$64.610.2:1
On motion by Mrs. Light, seconded by Miss Taggart, the foregoing reportsand recommendations of the committee were approved. Expenditures for thereimbursement of the contingent account and for the payment of bills, refundsand death benefits were authorized and confirmed for each account shownabove by the following roll-call vote:Ayes-Miss Scully, Mrs. Light, Mrs. Johnson, Miss Taggart, Mr. Meierdierks,Mr. Marshall, Miss Burns-7. Nays-None.
Issuance of Duplicate WarrantsThe committee reported that the persons named below, requested duplicatewarrants in lieu of the following described checks which were received andlost. Affidavits, certifying these losses and in each case indemnifying theFund against any liability, damage or expense which may result by reasonof issuing such duplicate warrants, were submitted also.
Nume Amount Number Dnte 1'1,1-1,ONeBrady, Loretto E. $ 162.50 275176 12/31/55 Penvion Im> TnentKircher, Ernestine L. 79.52 262295 9/30/55 Pension ra:> mentWright, Jonnle 13. .... 90.00 279378 12/31/55 Pension payment
On motion by Mrs. Light, seconded by Miss Taggart, the recommendation ofthe committee was approved and the warrants were ordered drawn by thefollowing roll-call vote:Ayes-Miss Scully, Mrs. Light, Mrs. Johnsen, Miss Taggart, Mr. Meierdierks,Mr. Marshall, Miss Burns-7. Nays-None.
lannary 20. 52 1.56
Purchase of Bonds ConfirmedThe committee on finance reported that, in a mail vote prior to the date ofthis meeting, the purchase of the following described bonds was approved onthe yield basis noted plus accrued interest. The committee recommended thatthe purchase of these bonds be confirmed, that they be registered as to priii-cipal, and that they be accompanied by an approving legal opinion.
Amount [)CMCrit)11(in (if 11(in,IN I):ati cif 1)11/i· ('f 'ri,4 Pzir 1-nli:4· I lititic· of Fir„: lillie 11 11(lirity Yield3 29,00() Di!1':iKe ('„unty. Ill., Sch.<,1 11!Rt. tr,6 11/1/55 5/1/66-74 3.10 ,;
3-': c; >;Ch<„,1 1:'tiblin 1Straus, Ialc,>«,·1· & Menow,·11
115.000 Cook County. Ill.. 1'1(·,LH:Int l-mle Park 11/1/55 11/1/GS-75 10 f;Dist., 3 16 9, G. 0.
Han·,· J. -Wil>:nit & Company
100,000 Cook Corinty. Ill., (':,lumet City 2/1/56 1/1/49-75 10 ';2·"n,0, G. 0. >4, H.,·r Tinprov,·m,·121
M. n. Vick & Comp:ttly
4-1,000 Madi.on C.'(,unty, Ill.. Irc,i·clori School 12/1/55 12/1/66-75 10 ':Dist. *51, 3'; :ind :1 lic; St·h<„,1 13!clk.
Stralis, Blow,·r & McI-)OK·(·11
30,000 DuPage County, Ill.. Cornm. I-I.S. 11/1/55 12/1/70-72 3.10 '; ~Dist. 299, Downers (;rove, 3'; SchoolBnc·on, Tr-hil,1,1,· & Co.
20, non Dit Page Coillity, 111., Hohool Dist. 11/1/55 12/1/70-72 7.10 ';th, Downers (;1·ove, 2'; 5:chool
Bacon, Whipple & ('r).100,000 Illinois Power Conil):iny 2/1/48 2/1/TS ::.22 I;
31,4 0 Fir·Mt Mol·tsr:lueHalsoy, Stuart & Cn., Ine.
lon,000 Floridn Pc>wi··i· Corpor,ition 11/1/18 11/1/70 3.256';3 11 (3 1211·Ht Mort;rale
H,ilonion 131·04. & 1-!Ittz! *'1-
100.000 1Cquital)1,· Gas ('r,Inti:trir 1/1/lf 1/1/73 .' . 2 i *; r i3 11 r,r Fit·Mt Morts.ragr.
Salomon Ttros. & Hiltzler
100,000 Raltimot·i· Gas: & ]Clictric' Company 12/1/55 12/1/90 ...215';3 ~10; Firvt Mortz:iKe
White, Weld & Co.Strails, Blovser & Mallowr'll
100,000 San Dicuro (1:151 & ]Cler·trie Oc,InT,nny 10/1/55 10/1/85 3.2 55%311 ~ First Mortgage
Str:lus, Blns,ger & 1Tc·DowellBlyth & Co., Inc.
100,000 Connectic·lit Litrht & Power Company 12/1/55 12/1/85 3.268'i; 14 9 FiT·st and 12,·funrling Min·tgagr
Bacon, W-hipple & Co.
100,000 Consol. EcliMOn 00. of New York Inc.. 12/1/55 12/1/SS 3.1 2 r:
7 %% First :Ind Itrflindinu MortgageR. S. DirkMon & CO.Stifc,1, Nicol:LuM & Co.
100,000 New Jers,ey B,·11 Telr phone Conip:iny 12/1/55 12/1/45 3.33 0:1:};tr; Forty-Yi·:ir 114·11('titilri·s
I-I:ilvey, Stuart & Co., Inc.
On motion by Mrs. Light, seconded by Miss Taggart, the above transactionswere approved and confirnied by the following roll-call vote:
Ayes-Miss Scully, Mrs. Light, Mrs. Johnsen, Miss Taggart, Mr. Meierdierks.Mr. Marshall, Miss Burns-7. Nays-None.
1 (131,lanitary 20. 3.1
Tax Levy ReceivablesThe committee on finance presents herewith a communication from theauditors for the Fund, Peat, Marwick, Mitchell & Co., relative to the taxlevy receivables and the reserves for loss and cost of tax collections withthe recommendation that their proposals on these niatters be approved.
/'/'.17'. .1/.1 /;lt/('/i. 1//7'('HELL ,( f'(3.Certified i't{Wir .tri·ounfant:
10 Xcitith L<,Xcilk Xti·n·/Chica(70 3. l'Zint,i:
The Roni·it of '1 '1 · lt. ter < X ,) 1 ·' m 4 ' i · 21 . / 95 ;/'u?die St·lion? 7'4'ac·ho·.4' P,·,1.,60,1 <ind Uffir,·ment Flind228 -Vortlt Li,Xcilk ,·:trectChicago. Illinois
(irittlt·inen:
lic fri f h tri tcike flii.R <} 1113(1 rt trnit ,/ to pri·xent ti , 11 „11 4,) 111 ; f,1 , 1 . 4 1 · 1 ·1 , 1tirt· ti, the 1 n.r "*"Frecrinthle , 4 und the r.'Men· ts for li )* f and i '(ilts (11) 1 , li<· tiblc tht ·:·(· fli .
It has hien <in cittltilit*lic'd 1,<ilil·?1 01 the F'und t„ prin·itle tinnit*,111; as (1 reserre fin· biss nudcomt, 10% of rach t,1.r h·i·?t. For (1<·colintint; 1111·pi,<<·R ilt .ltic)118t Al. 1955 the Fund 11*1:writ f en 411 fill tinriblketell t (1 .reN leried pritir f „ 19 54 . in Ititilition . VA; rN ort'ninnitpl ) rf, ilded jor lo .AMCR .for (11 / I/,· rti ·.I 19 5 9 thi·„ 14 ,/ 11 19 9 . f arc in ¢ 14M of the „, 1 ,· 01 / i ' i · fed taxi '.for thon · ,i / i ·( 11 ·.4 . Of th ,· 7 9 .9 .9 til .r krl ;. nt . 1 11 ! 81 *t fl . 1955 . the unrollerted portion Ii·, 1385,93,30/.77 0,· 7.99. of the total ?et·?/.
Irc hnre brrn n,irixe,1 tbilt the linard of Ed,1,·tition linR reriRI'll their rate ffir CAffiblishint}lm ' rKR for to .<.4 and <' firt ,frijm 10 % 1 , 1 .891, i „,· the t ,11· Irril ,in ·n .q iiI 1955 nud 1956 .
In riri,· 01 rt:rrent tair t'cillectitin r.rperience ti,1,1 1,1 be consistrnt with the 1:„(ird ofIduration 11·r' recommend tlult the Bncird of '1'1·tuder# of tht' Ihiblic School Tettch,·r:Pension (Intl lt(·ti,·ement Flind retiw·r thri i· i·exci·re rate froill lorO to RS, Dn· the 1955 tn:leri/. 1-.'fich lic(11· the timt,unt of re.crir provicl,·d flic,tilit hi· re,·i, wrd tin,t drfrimincd citterNomi· Aftid!/ 11 fis bi'i·,1 m i,dr of ettrrr lit tfi .r rolic,·tion r.rprri; 11,·t·.11 . r n ,80 rccommend tlifit tlie Mr h · i · ii 'x Ki ·,· i ,· ril , N .v / 0 ,· 19 :T . i and vi · i , ii - u ,·, ii ,: 1 , i ' 1 ,· ritten i)/T .lit·,·,Ii,R' (111 of th(· reet·ir,ible'R m·r fullif r,·Arri't·il (18 i,f Al,!11{xt 81. 1955.
1 imi·, rer,/ tri,11/.
7'E.·17', If.1 Ull-ICK, 1//7'< '//1:/./, .( ('0.1Vultic) Mnwritz. Pin·tner
In response to a recommendation of the auditors for the Fund, Peat, Marwick,Mitchell & Co., and in accordance with the action of the Board of Educationin this behalf, Mrs. I,ight moved that for the years 1955 and 1956 the annualreserve rate for loss and cost of tax collections be reduced from 10% to 8%,that the tax levy receivables for 1953 and prior years be written off, and also thatthe auditor's letter of November 21, 1955 be printed in the proceedings of thismeeting. This motion was seconded by Miss Burns and approved unanimously.
Accounting Procedures for Outstanding ChecksThe committee on finance reported the recommendation of the auditors forthe Fund, Peat, Marwick, Mitchell & Co., that any check not presented forpayment within one year after date of issue be removed from the outstandinglist by an entry debiting the account with the City Treasurer and creclitinga reserve for uncashed checks, and also that a permanent record be made ofthe number, date and amount of such check and of the name of the payee.The committee advised that the auditors' proposal in this matter be adopted.On motion by Mrs. Light, seconded by Miss Taggart, the recommendation ofthe auditors was adopted unanimously and the procedures described abovewere authorized.
mubi.. 1
January 20 54 1956
Clerical Salary ScheduleIn accordance with the January 1,1956 revisions in the Board of Education'sclerical salary schedule, the committee on finance presents the followingclerical salary schedule for pension office employees with the recommendationthat it be adopted and made effective as of January 1, 1956:
Grade 1 (blessenger and lilail Clerk) Monthly RateFlat rate $233.00
Grade 2 (Junior Clerk, File CIerk, Typist) Monthly RateFirst year $270.00Second year 284.00Third year 298.00Fourth year 312.00Fifth year 326.00Sixth year 340.00
Grade 3 (Senior Clerk, Stenographer, etc.) Monthly RateFirst year . $341.00Second year 355.00Third year 369.00Fourth year 383.00
Grade 4 (Principal Bookkeeper, Principal Clerk, etc.) Monthly RateFirst year .. $397.00Second year 410.00Third year 425.00Fourth year 439.00
Grade 5 (Pension Payroll) Monthly RateFlat rate $450.00
Grade 6 (Office Manager) Monthly ItateFlat rate $570.00
On motion by Mrs. Light, seconded by Mr. Meierdierks, the recommendationof the committee was approved and the above salary schedule was authorizedby the following roll-call vote:
Ayes-Miss Scully, Mrs. Light, Mrs. Johnsen, Miss Taggart, Mr. Meierdierks,Miss Burns-6. Nays-None.
January 20, 55 1956
MOTION TO SUSPEND ORDER OF BUSINESSOn motion of Miss Burns, seconded by Mr. Meierdierks, the rules were sus-pended in order to consider a report of the committee on pension law andrules.
REPORT OF COMMITTEE ON PENSION LAW AND RULES
Revision in By-LawsThe committee on pension law and rules presented the following revisionsin by-law 4, which are designed to give effect to the recent amendments tothe pension law:
In lieu of by-law 4, section 1, adopt the following:Section 1. For each teacher employed by the Board of Education ina temporary capacity after September 1955, the effective date ofmembership shall be deemed to be the beginning of the semester inwhich the first employment occurred, provided that the teacher helda valid certificate to teach on that date. In the event that the teacher'scertificate became effective after the first day in a school semester,the beginning date of membership shall be deemed to be the effectivedate of the certificate or the first payroll day for which deductionswere made by the Board of Education, whichever date is earlier.
In lieu of by-law 4, section 2, adopt the following:Section 2. Each full year of creditable service shall be computedon the basis of the employer's certification regarding the number ofmonths that constitute a year of employment, but each fractionalyear of employment totalling 10 months or less shall be credited insuch proportion as the time employed bears to 10 months, and eachfractional year of employment totalling 10 months or more shall becredited as 10 months.
Add:Section 3. In conformity with the action of the Board of Educationin this behalf, 180 days shall constitute a school year in establishingpension credit for service prior to September 1955 in the ChicagoPublic Schools as a substitute, temporary, or evening school teacher;provided that employment for two eveizings shall constitute one clay'scredit for such service.
On motion by Miss Taggart, seconded by Mrs. Light, the recommendation ofthe committee was approved and the above-described revisions in the by-lawswere adopted.
J.,ijuary 2(). 36 1956
REPORT OF COMMITTEE ON ANNUITIESAND CREDENTIALS
PensionsThe committee reported that applications for pensions were presented forpersons, hereinafter listed, with the recommendation that the pensions beapproved and granted in the amounts and under the conditions ~et forthherewith. In the case of each applicant for service retirement pension, theemployment of the teacher had terminated officially, the legally pret,cribeclminimum years of teaching service were completed, and requirements withrespect to age (if applicable) were fulfilled. The applicants for widows' andreversionary pensions furnished proper evidence of their rights to receivesuch pensions.
Menilier'M Mehoot '44.rvireur YrM .
10. knme (if '1'4·,wher Menatier*,4 Atal tiM Mi)%. DityM 11.r."1 Ibate
Optional Serric„ Retirement PensionsBateman, liarian L. ..M:ir>:h:ill High ....32-1-0 12/11)/66 52,611.'12
MIO·1 Cat·lson, ]Cthel (:. ..... (11·:'ty ......36-4-0 1/ 6/56 2,670.·ix6922 Dar i., Clair·n c'V V...... . .schni·z High .....38-7-10 12/10/55 2,980.OKS:103 1-,ick. Ethel P. ........Van Flissing,/1 ...86-3-0 11/28/56 2,62,1.!11;
12/23/55 -p-/..}S t) 06 ]Crik:on, Frances M. ..S,·113 High . . ' - "- 0 " I.- r a
St,07 Foute, I.:i>·mond R. ...>41,1·,- V.(·:ition:il ..30-6-10 12/ 1/65 2.6()f).K">*08 (:lic.km;in. Celi:i ......1;1·y,int 7/ 1/-- 2,'Ill.*;AX901) Herman, Him:i H. ..... Gn·,r·ory ..........35-3-10 12/ 1/55 2,139.21S:1 10 Hok:in, Mary A........14„1·Ii:ink .........29-0-0 12/10/55 2,:120.Kt,Kill 1 Holmes, Catherine K...T:,ft liiA·rli ........26-6-0 10/15/55 2,163.006703 11(Cal,e, Geraldine D....\ z <inrl,ili· ...81-6-10 11/23/65 *·*·2·'..667,96 Perritko, Grace I'......Tilt„n ............33-8-0 11/17/55 2,161.:128912 Hover, Bernice >4. ... .1 ),·1 :ino 10/29/55 2,471.768 11 1:; Hozell, M:ideline H.....St,•,·,·11.401 .........11-6-0 10/15/56 2,::21).MA5914 Shidler, Jesse K. .... .Kelvyn I':'0·k High.31-9-10 1 I„ .. ' I - , 0 .- I .
iCompills„rry Serrice It,•tir,•„1 *.iit r" Nions
>al,5 1>44·1·, Arthur H........ IC*,lvin l 'arklii;rh. 31-·1-0 12/21/56 2,7:17.ux•8916 Joi·dan, Mal'Kil,·1·itc E..Mont,·hore ....... .33-3-10 11/ 5/55 2,673.728917 Koblens, 11·ma ........Nettelhorst .......37-0-10 10/16/55 2,11",·1.,16*S 5,1 8 Nicholson, Alice 0..... Pittman ......... .42-0-10 12/ 9/55 :;,",76.12
* /·4'mcritux t<'u<·/ici· retired it/tci· re-cinjiluy,ni:,it on a te i,Ivuri,i·y bi,Hia.
B,~dow.' P.·,INIOnsir"1'17 Gilmore, AK„,·>4 X.... .... .. ... .. 21-N-111 12/ 4/55 :115.6()
(Widor of R. Clitrk (Jilintirt', te<trlit·r)WAOG I,inebui·get·, T)01·(}thv .. :;T-!1-" 11/13/55 1.:137.{11
(Widozo oj Clarence 1,11111„·1·11('1, It'(1184-1,(mainner)wr T 1 8 Nine :Lk, Sol)llin C. .. .... . ... 22 -!1 -iiI 1-/..,/:'. 577.51;
(Widow (d J'hige'ne J. Nine·al:, ti·,Irlic')·)2:; -1-10 12/ 5/55 841.40-WTHI Weaver, Mal'Murpt ..............
( 11 - idoic of 1/(„"/ D . 1 " e ' i""·, teacher)
.latiu.ily 21). 57 1931,
Mrmlier'M 4,·linol 0 r rvier(Dr /'rM. '['t, Dlik
Nnmr of '1'rucher 114.mlier'. *int,1,4 M (IM. 1)111 M 1.,ri)/11 lEntr
R#.rer:int,(iry Pensicm
[{(jus 11(11·i/le, 1:(„· l'. 41-3-10 10/21/55 1.200.00(k (·1·1 ,·Mi„11(Ir!, lic,;clit·inrH f,j ('h in·bit te ('. litlyin;. triti·1~r i·-ticnvi,„ici·. ref i ,-1'11
6/25/53 1,11 reduced penxion tif $3,018.46 bli election. 4!11111 Ah'd.)
On motion by Mrs. Johnsen, seconded by Mhs Burns, the recommendation ofthe committee was approved and the service retirement, widows' and rever-sionary pensions, listed above, were granted by the following roll-call vote:
Ayes-Miss Scully, Mrs. Light, Mrs. Johnsen, Miss Taggart, Air. Meierdierks,Mr. Marshall, Miss Burns-7. Nays-None.
Summary 6,/ Ver,sions GrantedOptional vervice retirement pensions......15Compulsory >win·ice retii·,inent Densinns.... 1
Reversionary pensioil ····················1
Appointment of PhysiciansApplication for disability pension was submitted with the recommendationthat physicians be appointed for the examination of the applicant.
On motion by Mrs. Johnsen, seconded by nIiss Taggart, the appointment ofthe physicians, listed below, was authorized.
R, B. Hemphill, M. D., 48 Lake St., Oak Park, Ill.Duane W. Propst, M. D., 30 N. Michigan Ave., Chicago, Ill.G. W. Ellis, M.D., 340 N. Central Ave., Chicago, Ill.
To examine: Helen H. Helsing, Austin High School
Cancellation of PensionsThe committee reported that the following pensioners have been re-employedas teachers by the Board of Education. Pursuant to the law, the committeerecommended that pensions of the 1)ersons, hereinafter listed, be cancelled asof the effective date of re-employment.
lint,·,,f I)lit..Anme ien,tion He-employed
Daskey, Anna Mae ....$1,658.04 12/15/55Li(len, Ernest A. 11/20/55Wagner, Harry N. .... 2,292.48 1/ 3/56
On motion by Mrs. Johnsen, seconded by Miss Taggart, pensions for persons,listed above, were ordered cancelled on the dates indicated by the followingroll-call vote:Ayes-Miss Scully, Mis. Light, Mrs. Johnsen, Miss Taggart, Mr. Meierdierks,Mr. Marshall, Miss Burns-7. Nays-None.
January 20. 38 1956
Outside Time and Military ServiceThe committee on annuities and credentials reported that amciavits or otherevidence, attesting to or certifying service (1) in the public schools of theseveral states or in schools operated by or under the auspices of the UnitedStates outside of the City of Chicago; (2) time spent in the military serviceof the United States during the pension period; (3) as a civil service librarianin the Chicago Public Schools or the City of Chicago; (4) playground orrecreational instructor for the City of Chicago or the Chicago Park District;and (5) as a school clerk employed by the Chicago Board of Education, arehereby presented for the persons hereinafter listed with the recommendationthat they be approved; provided that in the case of outside teaching serviceno more than 10 years be credited and also that the last three-fifths of theterm of service for which an annuity is granted shall be in the public schoolsof the city.
Mer.-ice Men·ic•e Credit,4Nnme of 1,€·m/,cr Sell O ¢,1 (Deverilition) (YrM. 'i ('. DnyM)
Teaching Serric,· in Pul,lic Schools or Undi,r Aitspices of the U.S.Cl:irk, Ilenson IC............ Sub>:titute ...........Teaching ............S-0-0cil imsley, Xina (;...........,Substitute ........../Peachilig ............9-0-0IC:impf, Alein L............ Milhstitilte .,.....,...'I'caching ........... 6-0-0Morri:. I·I, nry J............ I':trker High .........Teaching ............:1-5-01:,»454, Eleanor N............ JIycle Park I-Iigh......Teaching ............4-0-0I:uninre, iT.lriC. E. ........1'·Liket· ]Clum. ........reachinK ............1-0-0Whi lan, Magaret M........ 1 1:LI·ket· ]614,121. ........Teaching ............0-6-0
Military Serrice 0/ the United StatesI;l:ike, David A............C:n·vcr Eleni. ........Military ..... ....1-1-15IICI'/; IZOHS ................ District Kupt. ........Military ... - - .0-1-3Ili·on, Joser)li T..........,. L:invson ..,.....,.....Mnitary .,..... .2-0-0Temple, Charles .........,. Steinmetz High...,...Military ....1-1-10
Employment in Other Chicitgo G„iernmentcil UnitsAd:imek. Lucille. S.......... Pullman .............School Clerk ..,.....1-0-15.\ nderson, Dol·othy Olivia.. 12elsenth:il ...........Hi·110()1 Clerk ........0-6-10AureliuM, Berenice ......... Ch ic:igo voc. .........S,·hool Clerk ........1-4-1
\V:11·(1 .. ..........>h·llc),)1 ( 7 *,/·k ........0-9-10IN:,ir. .June. N............... Kel,·rn Park High....>;(·licwl Clerk ........0-8-10ellild, M:Lt·Arnret 1'......,... Manti,·tte ...........Schoc)1 Clerk ....,...1-9-1,1c.„111,01, Ger:11(line 1,9......,. 1Iilil,ard ....,.......School Clerk ,,..,...3-6-101·'ilippi, Elsie F. ('.dulnet High ........ Hehool Clerk ........2-1-18Fitzpatrick, Beatrice V..... Cook ,...............Hehool Clork ...,...,3-1-15
1-1:impiIi>1·, A. I,aVel:i ....... 131·idiri, ...............1'11>-sic':11 Instructor...2-1-11Hartmann, Frank .f........ '1'il<l,·11 Torli. I-Iigh....I'hysic:,1 Instz·ric·tor...1-1-5H(ilmes, Catlierille E........ 'raft iligh ,..........H(·11(ml Clerk .........1-0-10Hyland, Agatha M.......... nyder ...............54,·hool Clerk ........:4-0-10.Jon,1., Josephine J. G...... Substitute ... H,·1,001 Clerk 4-7-10Lithman, Margie H.......... Austin I[igli..........Hehool Clerk ........1-8-15Luhas, Marie ..........,~-0 liplly ]Iigh..,........ 1'11>·:ical Instructor...4-4-5
January 20, 9 11, 3 6
Mer,ice her, ice ('r,•(lifxx:ime or 'llen:lier 04·11(int (1)4•+4•rititic)11) (,ri. 11". ,)113,4 )
I·. 1,1111(,ymrnt in Otlier Chicago C,in·rrit nu, 111(11 Units (,·onfil:,11,1 )
M:'1(,1/'·, J:/1/1,·. ./........ Slitilm·r ......... ..>4·hool Clerk ........2-G-11)M,·(':tin. Fran,·,s C.Mci·:11,4„tr, 11.·try A. ... 1:111'1·cnigh: .. .. >:ch„,4 Clerk
Ma;OV,·In, M:11·3- 14.... .11·vin,r ···· ·· ····gh<,1,1 4'1,·rk ........:'-2-10M,·ndel, Shil·li·v ... . Xetti·lhol·:t .........lAi,i·:iri.in .2-h-hi )1),·lu. 1 )„rothy .1........ (;('11'Pt·/. . . .. ,School (7,·rk ........2-6-13()1.,·1·. M,ll-g:ll',·t X1(·Ci........ 1"t. Ilt•:11-11(,!·11 . . School Clerk .. .-5-0
Schisler. .\11%11:1:1 W.. ... 15.'>:en·11 iliuh ....Schi,<,1 ('1 c ik
Schracht:i. 1)on,thy .1.... li:t,·Ki·ound Physical Instructor...::-7.-10:hin·tall. .1(-,·ptl (' ........ N,·1.:h:,w ............1'11>·:ic·,21 111.-t:·21,·ti,t·...2-11-litSitnon, I·'1·:mk H...... .... 1ht,·111:1!1 ...,......,.. 1.ibl·:11·i:in ............ 1-A-0St~11,1,1,·field. Alt:i .... .·\H:tin Iligh .........2,·hool Clerk ........2-21-1:6>;111!·M, Mary Mark. ....... Div. ib,me IC,„n.. ....St·licwl Clerk .. . i-2-10Sulliv:111, 11:try M,....... 11 Vilk U ..... .... School Clerk ........3-1-1;>hve,·11,·y, Mal'i· 1·:.. .. .. How,·n High .......2,·11'wl C],9.k ......7..S-11'i':,1,1-,11. N:i,„Ii 11-1,(,clii·:11·(1.. 14111,:,1- \-O, .Slhool Cl,11: ........,)-0-1.)Ti,i·torelli. I.<,Ilis .\.~ ...... 1,N,11,:it· D),· ....t,>-m Instructol· . .:i-\-13
On motion hy 1\Irs. Johnson, seconcled by Miss Taggart, the outsicio time andmilitary service for the persons listed were approved by the following roll-call vote:
Apes-Miss Scully, 1\Irs. Light, Mrs. Johnson, Miss Taggart, Mr. Meierdierks,Mr, Marshall, Miss Burns-7. Nays-None.
ADJOURNMENTOn motion by Miss Burns. seconded by Miss Taggart, the meeting adjournedto meet at the call of the Secretary.
6:c-U /3~<·~~Recording· Socreteary.
February 17 01 1956
REPORT OF 77116 P12O(76161)INGS
OF THE
Board of Trustees
OF THE
Public School Teachers' Pension andRetirement Fund, City of Chicago
Regular Meeting-Official Report
Friday, February 17, 1956
There being no quorum present because of attendance at the NationalCouncil on Teachers Retirement iii Atlantic City, N. J., the meeting adjournedto convene on Tuesday, February 21, 1956, at 2:00 P. M.
S~1 (jRecording Secretary
February 21, 63 1956
REPORT OF THE PROCEEDINGS
OF THE
Board of Trustees
OF THE
Public School Teachers' Pension andRetirement Fund, City of Chicago
Adjourned Regular Meeting-Official Report
Tuesday, February 21, 1956
An adjourned regular meeting of the Board of Trustees of the Public SchoolTeachers' Pension and Retirement Fund was held Tuesday, February 21, 11)56.
The President, Miss Scully, called the meeting to order at 2:00 P.M.
ROLL CALL APPROVAL OF MINUTESPresent: Miss Scully, Mrs. Light, On motion of Miss Burns, secondedMiss Taggart, Mr. Meierdierks, Miss by 1\Ii·. Meierdierks, the minutes ofBurns-5. the regular meeting of January 20,Absent: Mrs. Johnsen, 1\Ir. Mai.sliall, 1956 were approved as printed.Air. Whiston, Mr. Haggerty-4.Mr. Morris B. Sachs, City Treasurerand ex-oflicio member of the Board ofTrustees, was unable to be present butwas represented by Mr. Thomas J.Corrigan, Chief Clerk.
Fel,ritary 21, 64 1936
REPORT OF COMMITTEE ON FINANCE
Reimbursement of Contingent Account
The committee on finance reported that receipteel bills, cancelled checks, bankstatements, and other supporting documents covering expenclitures for theperiod from January 23, 1956 through February 20, 1956, inclusive, andtotalling $453.06 were audited.The committee found that expenditures had been made properly and recom-mended that this account be reimbursed in the aforesaid amotint.
BillsThe following bills were presented with the recommendation that they beapproved and paid.
Addre,Nogrial,]1-Milltigrni,]i C'i,ri).:1/19/56 Addrep:osrl·aph m:whine ......... .5 610.10
Ailnv Mt:atic„aer,~:1/30/56 01!~Ce >411])plieS ... .-/'.,r " -0
Harn:ird & Aliller:1/25/56 Print,-1,1 <,flic·e forms und supplies. . . 5 583.50tn
2/16/56 November procredines 275.00 858.50
]1„:ird of IC,(1 114'Zati„11 „f 1]w (ity i,f ('hic·:ig,i:
1/1S/56 1•'(,1· 1,rr·t):11·:ition of t:il)111:iting rat·(154 showinLAte:I.c·hers' Mal:Ily (1,·clii(·tions for each payrollporiod frnin S,·i,teml,01· 1, 1855 to December 31. 1955. 270.(H;
I.. li'. Hmhm ('(,1,11):1!13 :2/ 9/56 Mimeograph supplies ... 22.40
}In,·(•N >4(:ItiMii,·,11 54rril (·r, I i,€•.:1/24/56 Financial statistics .... 15.25
11 rmingbi,i R:ind, Inc.:2/ 1/56 Type,vi·ilet· 111:zintenanct· 2/1/56 lo 2/1/57.. 12.35
Trinity Ulliver,4:11 In,41,r:ince C'(i.:2/ 8/56 For Work,non'S compen:.rition :111(1 *·111111(iyel·S'
liability invurance from 1/27/50 to 1/27/57.... FO.00
r tility Ki,i, 1,1.· C '4:12/29/55 10 St(·el illos :ind installatic,11. 19,1.85
82.021;.60
February 21. 65 1956
Refunds and Death Benefits
The committee reported that documents pertaining to claims for refunds anddeath benefiG for persons listed herewith wore examined and verified. Ap-
plications for refuncls a 'c resignation were macie by persons Trho are nolonger employed as te:zehers~ 1,y the Board of Edueation. Applications forrefunds of contributions for widow:' pensions were made by persons who
were not entitled to such benefits at the time of their respective retirements.Claims for refunds of contributions and for benefits payable on death of
teachers alld pensionerK were determined after certifymg dates of deathand establishing proper evidence for each beneficiary, administrator orexectitor. The committee recommended, therefore, that refunds and deathbenefits be granted for persons liste(1 herewith iii the amounts specified.
The committee reported further that other refunds to contributors, listedherein, were paid at the time a rel)ort on the audit of such contributors'
accounts were submitted. In each case, the refunds were due to changes inrates of contribution for creclitable serviee or to other required adjustmentsin the application of automatic increases in rates of contribution by the Board
of Education. It was recommended that the payment of these refunds be con-
firnied :ind al,proved.
Ref,111,14 :1/, ]1,•Miuit:Iti „Ii:
C'„(·11, c':lt·(ililt(' T,. ...... .5 ..'.63(1,·Mtil,·, K:ithpi'i/ip M. .. 5,)5.67
20!).St.f:irle>4, 1:05:,·niary .....Lr·vin. ]Zentrice F. ..... 56:1.00
71,·(mie-:m. Man::n·,·1 1·'.. 77.·10Melfec,wn, Eileen M. 770.50
Rife, .losephine N. .,... 39:1.24Shint:kni, Milliro . 530.86
Werner, Geraldine . 96.00
52.556.11
1{(•flindK (if Acc'11!11 tiliati'(1 ('(biltrilinfi„11,1 ¢in Death:
ICIR · man , Alice S . ( 12 „.: i ' /:' i .I ';/ 1 ,/ n (ind Th ·,101 Kixr )11 ( in .benf'//rici , irs) R 272.50
lr : it · Z · iS , Sal · fill 13 . (/. 01 / i ,q U . (;„ 1, 11, L )-( 1 . I .Tr<' 11tc) 1 )........Kestly , 11 : irip (;. (/: fiscmul 4 i; I·(·}111 (111 (tud Kitihh· in
:L·1·111.75M , Ammm , Icurrenia ( Marf /, in' t 0 / irci , bencgrin , u ).....
7,74; 1.94*Anntlit(tilt
Single ]':ly,ilent ilenelit 0,1 17«:ith of Te:ac·][er#:]Ciseman, Alice K. (ko.v· Mis,·mun and //en,·1/ Eisemon,
hene/lriark:) .....................................$ 250.00Kestly, Maric· (i. (,h'os<·ma,·il 141·4'11 71 <In. com.;i,t )......... 2,500.00li (1)0 11 114'11. ]C 11 6'4· 11 i n (f hcirli·.q .·1. .lff·llrinilf U. Inimci
1/,·Do une/l and .1/1-8. ./. U. //a;·dgrot·e, bene/(, i,trics).. 2,500.00
,260.00Mi[15414. ID:13·1„rilt rn•nelit on 1)1:11]1 (if '1'4•21(·larr-I'r,INicitarrM:
Allrl ) orry , 1 .; 001· ir „ C . ( 1¢ 111) 1, A . Attel} er ·w , 1: Cnegrilll · lf ) .% 500 . 00Ilan · i : i . K : tr :£ 11 1 ';. (/, fi / fi .4 /1 . (;,)1 (11 )<' 1 -!1 . eXecliti))-)....... 500 . 00
I·-el,runry 21. 66 1956
Refunds and Death Benefits (,·(,} itinitd )
[trfiltic],4 i,f C.'(Intrilintion,4 for Ser, ire in 1·',rer:,4 of ·1; 1 c:irMIn thi· .1 18,„lint .11,1,lic':11,145 11,4 zin ()1r„rt ti) the I)plich·nc·y fur+pri·ice Prior to July 11):.11 :
Cavanagh, Mary G. $ :17.20Lonet·grin, Grace L. .............................. 147.91
245.14
Itefund. of C Intrilitition,4 fcir 'Wi(](nvH* IN•!aNi()11to l'er,40:IM )(it ]Ciltill«,4 to Kilch 11(•neill:
I-Int-trnann, Frank J. 197.noKnight, I·'rank W. .. . . 1 ji.00Stanter, I-I. Hav ..................... . 1!16.62
590.62
Itefundi* 11/e Adjumt,lic'nt iii Ilitte* of Cintril,lition:Cascy, M:lrie J. ........... .$ 7.00Evins, Merrim:ic T. ......... 131.50Hon:ighan, Rosemary W, - 26.00Howard, Oclutte I·I..,.... · 9.6,3Ler, James (9. .......... 2.75Mayfic'ld, I-Ic:I,·11 11, ...... · 82,25Mendel, Shirley ..,....... 1.7001'th, Sever(·114, 0. ........ 25.00Pappas, Ann N.......,.... 18.00Raff.Evelyn E............ 37.25Secord, Ruth 0............. :1.00Vetznor, Gail H. ......... 4.00-Wrllsh, .It·SMic· S. .......... 4.00
352.Of
$18.848.94
On motion by Mrs. Light, seconded by Mr. Meierdierks, the foregoing reportsand recommendations of the committee were approved. Expenditures for thereimbursement of the contingent account and for the payment of bills, refundsand death benefits were authorized and confirmed for each account shownabove by the following roll-call vote:Ayes-Miss Scully, Mrs. Light, Miss Taggart, Mr. Meierclierks, MissI:tirn:-5. Nays-None.
1956February 21.
Purchase of Bonds Confirmed
The committee on finance reported that, in a mail vote prior to the (late ofthis meeting, the purchase of the following described bonds was approved onthe yiold basis noted plus accrued interest. The committee recommended thatthe purchase of these bonds be confirmed, that they be registered :is to prin-cipal, and that they be accomp:inied by :in approving legal opinion.
Aimilint I)r.c·rilition c,f IE,rn tiM I):ile tif I)ate of 'I'o
C liar Value) A :ime *if Firm IMMile 11:,turity Yield
5 1 45,0(10 Cook County, Ill., Village of Hillside 12/1/55 12/1/GS-74 3.05 0SE'; G.0. St!·ret Imiqm·ement
l;an·us, Kimli·ed & Co.
50,00{) Conk County, Ill., Comin. Cons. H. S. 4/1/54 1/1/7,1/57-74 3.05 /:Dist. *113, Lemont, Sli'; ind 38,2,2, Bldg.
TV.ilter M. K<·11 l·her & Co.
100,000 Color:ich, Interstatn (3:1>: Co. 7/1/51 7/1/7.1 127 %1,'ir:t 7101·liz·:,Ar,· 1,ilwlill,.
S:domon Bros. & Hutzler
On motion by Mrs. Light, seconded by 1\Iiss Taggart, the above transactionswere approved and confirmed by the following roll-call vote:
Ayes-Miss Sclilly, Mrs. Light, Miss Taggart, Mr. Meierdierks, MissBurns-5. Nays-None,
ELECT ACTING CHAIRMANOn motion by i\Ir. Mcierdierks, seconded by Mrs. Light, Miss Taggart wasunanimously elected acting chairman of the Committee on Annuities andCredentials in the absence of the chairman, I\Irs. Johnsen.
February 21. 68 1956
REPORT OF COMMITTEE ON ANNUITIESAND CREDENTIALS
PensionsThe committee reported that applications for pensions were presented forpersons, hereinafter listed, with the recommendation that the pensions beapproved and granted in the amounts and under the conditions set forthherewith. In the case of each applicant for service retirement pension, theemployment of the teacher had terminated officially, the legally prescribedminimum years of teaching service were completed, and requirements withrespect to age (if applicable) were fulfilled. The applicant for disabilitypension was declared by three competent physicians to he sufrering from adisability which wholly and pres;uniably permanently incapacitates her forteaching. The applicant for widow's and reversionary pensions furnishedproper evidence of her right to receive such penSions.
Member·*M %('110,)1 5<pri·lerc, r Yr ,4 . 710 1 ):lteNnine of 'I'e:H·]aer Member'M SlattiM 'In.. 1):/I·,4 Fros,1 Ank
Optional S,•rvic„ Retin·ment PensionsR 4 1 9 Apking, Charles F..... Tilden Terh. High., ·10-5-0 1/28/56 53,281.288!120 Granby, Ti:.ssie L...... Sew:n·(] ....... .10-2-0 1/28/56 3,261.000!121 (;riflin, Nellie J........IIolmrs ............1.1-5-10 1/28/56 :1,597.72%1122 Halir:111.in, Helen J....Kelly Iligh.,...... 11-5-0 1/28/66 .L:,1,1.68%!123 ITic·ks,in. Orlin:LE.....T.inne.............·11-0-10 1/28/56 3,326.SS"921 K,·nci:ill. Eclith M...... Y:lle ...... ...11-3.0 10/ 8/55 122 3.44x5125 L:unlier:r, Myrtir· P. ... Ravon,wood ...... 27-6-10 1/28/56 2,009.28Xf) UG heally. Lorettr, n......1'etc·Iyon ......,...·12-7-10 1/28/56 :1.458.·toSf'27 Lloyd, Hazel E. ....... Div. of Music·...... 10-5-0 1/28/56 3,24 4.28X!12% McCung Nora .........Mark Sheridan ....43-7-10 12/ 7/55 3,457.44A!'29 Mo]·f, 1:thi-,1.3/. ........ Ar·tiold .............15-1-15 1/28/56 3.632.528930 (l'131·ion, Harinah M. ..Darwin ...........41-0-0 11/12/55 7,194.048931 Schmidt, T-Iolen D.....,Owen ............,29-4-10 1/28/56 2,267.528932 Xehnc,horger..Arn rion D.Greshain ..........27-7-0 1/28/56 1,934.288933 Whit.ner·.I-relon-W.....Senn I-Iigh ........3!1-1-10 1/11/56 3,171.2·1
CompiiIxory Sen· ire Retirrine, it Pensions7GS2 Akerl,ind. O,4c:iT' A. ....T,ake View· 1Iigh...'10-1-14 1/28/56 1,199.04*893·1 Andi·Ows, Edith H.....Ryorson ........,..1.1-1-0 1/28/56 '".5 62.92•73K,1 Deri·y, r;Lic:e....,...... Ebinger ........,.. ·12-5-0 1/28/,6 1.960.OpRS:;5 illand, Floronre .......T,nwr'11 ,,........,.45-3-11 1/24/56 :1.632.52
131·,·ed„11. Itic:h:lt·(1 ..... I.miw Tech. High- .. ·12-0-0 1/28/56 :'.100.':2*X!1:;7 Brown, Thomas .T. ..,.. 1,:ine Trch. ITilrh. 1/28/56 2,8K1.SO„r..
Sfinx C.':t v,in:'l;rh, Marv G. .... 1;111·1),rnk ......... ·15-2-1.1 1/28/5689S9 Cloworth, Beulah H. ....\zi:tin High ....... '12-4-0 1/29/56 3,4 31.28*% 9. 0 Crillister·,T,ora S. ...... Sh:ikeMpt·:11·* .,8-5-10 2/ 1/56 :1.1 :IN. 1289 1 Criolry. Ruth C. ....... Mreosh ....·······28-6-10 1/28/56 2,:167.21*89· 2 C.'opley, Grace F....... Brlitti·z High...... ::5-1-0 1/28/56 2/866.328 9 · 3 Doherty, Bi·atrier E. .,Mospley ,.....,..,.45-9-11 1/28/56 .:,570.3(;*89· 1 Foster, I :lossom T. .... 11:irmond ......... :ic)-0-0 1/28/56 2,471.64
Francis, M.irv N....... I:uinside ..........:59-3-0 1/2 8/56 1,7:59.OS•89 5 G:ly, A. Roy:,11 ........ ~\T„t·g:in Pnrk TIigh. 3.1-5-10 1/28/56 2,823.S·1*89. 6 ]I:irris, Flonia .T. ,.... 1/28/56 2,657.·1089. 7 Hartni:inri, 121·:ink J, ... Tilric,n To,·h. High..",8-9-0 1/28/56 3.1(;f).4.1sq· S Knight. 121·,ink Tv. ..... ('hic·:1%(} Vor. ...... :16-0-0 1/28/56 2.936.01711 4; I,o,irrfr:rn. Grric,· L..... 81)1·r El,·m.........4,5-5-18 1/2%/5,1 2.200.Ox.89·1!) Marik,nal(1, J~19>1~liine(ZIIibl):n·d .,.······· 12-fl-10 1/2 K/6G :1 2 4/;.60
Maher. >41,2 U..........Kelly ]Tigh..·······,b-X-15 1/28/54 2,767.56*711S Mell,·ide. Margaret L ..77:G ......········ 47-7-7 1/28/56 2.200.08*4950 MCCormic'k, Cathr,rinr',80\vard .. ········1,1-8-0 1/28/56 2.617.0·1X!'51 MCIriernen.hilia .....1';ir·kside ...······'11-,1-0 1/23/51; 3,5%6.004452 NE'I)('rg, Joseph A. ....1Tycli, 1':irk I[igh...·12-9-10 1/20/56 3,47::.SS
1956Fel,Iii:,13 21.
69
Me]11!)er'M Schin,1 ServiceOr 1-rM. 'IN, Dde
-321 _ 1-mair cif 'I'eneher Memlier'14 Mt:alt,M 11(Ix. I):ty,4 1,.r•,]11 R:ltr
Conip:,/sory· Serric'*' Retirement Vensions (('01,ti,1 „01)
Sf)53 O'Connell, Margaret M. Ston·e ..............1.1-2-0 1/28/56 3,570.60
x !1 5 4 c)'Bulliv:111, Terem .... ld,·lurds Tr:ule.... ·11-5-0 1/28/56 3,59).SS
S~)55 O"l'(,(,le, 71:Liglieriti· T-.. NiL:hting:'lle ........1,5-0-0 1/28/36 3.632.52
x:)56 1':itton, lielen I 7':itt Iligh .3(-1-10 1/28/56 2,047.68
7122 1-':ililk, Adele ......... Sentt ............. :11,-'A-10 1/28/56 1,795.OK•
AN57 Phill,in. Ir,·ne N. ...... 15:tt, lii:ni ..........54-6-10 1/28/56 2.781.72
S:13 S Quinn, Nellie M. ......\\-,111;1· Iligh .......1:6-1-0 1/28/56 3,·1$3.52
S959 Hol)ins,in. I,(,ilise C. ...('hic:11:0 TI·.i. Col.... 3.1-5-0 1/28/56 2.520.00]:yan. Itessie A. ....... Div. St),49·h Corr...·15-9-6 1/28/56 3.682.52
X961 1.1·:an, Kathryne M. .... Von Steuben I.Iigh..1.1-2-10 2/17/56 3.591.88
S962 Safford, I·Ielen L. .......\tistin Hi#h .......42-0-0 1/28/56 3,·100.32
8523 Schlacks, Elfried:L K. .1 .ewis-Champlin ...:;1-6-·1 11/22/55 2,0.12.0,1.
X963 Shine, Josel,h 11. ...... 1':irker High ......·11-1-0 1/28/56 8,35:;.SS
7GG6 Stnater. H. 12:i>· ....... 1Nal·ker Hiwh ...... 30-0-0 1/28/56 1.88(~.0,1*S f) 6.1 Vanclerpoel, T:inetta IC. 1.:ine 'rech. I-Iigh.. .·12-6-0 1/28/56 :1,·146.76*
S 9 G G -Wal·(1, Ruby R. ........ II:zi-rison I.Ii;rh .... SS-·1-0 1/20/56 3.121.SO
7 1 1 .1 Whelan, Veron|ca D...lt:irrison I-Iigh .... ·IS-S-9 1/28/56 2,200.08'
S 967 -Wolfrum, Avern· I.... R:iven:wood ...... 42-4-10 1/2$/56 3,135.12
* 1/1" < I it'i.V trach<·2· rctircrl Ii.ftc·i· rc«ull)1„,/mi·,it (iii n t('111/)(,nli't/ basis.
Discd,ility Retirement Pension
D-·153 1Irlsinir, II,·len H. ....Azistin High.......29-0-0 1/27/56
11"if/„Ir.S iensi„,1TV.·107 Atteberry, Ruby A. .....................31-3-10 1/ 2/56 1,2:10.GO
Clriclotv of (;corge C. .ittcliern#. teacher-pensioner)
Rerersionary PensionROOG Atteberry, Ruby A. ......................2,·1-3-10 1/ 2/56 900.00
(Reversioncirl, bencliciarl, 01 Geortic C. Atteberril, ti'(tel~cr-ponBioner, retii·cd8/16/55 on reduced prusion of 01,887..;8 ?m clection, dul.,/ /Ned.)
On motion by Miss Taggart, seconded by Mrs. Light, the recommendation of ,the committee was approved and the service retirement, disability, widow'sand reversionary pensions, listed above, were granted by the following roll-call vote:
Ayes-Miss Scully, Mrs. Light, Miss Taggart, Mr. Mcierdierks, MissBurns-5. Nays-None.
Summary of Pensions GrantedOptional service retirement pensions......15Coinpulsory service retirement pensions...43Dis;~11)ility retirement pension............. 1Widow's pensionReversion:ivy pension
L
-7
February 21, ;0 1954
Appointment of PhysiciansApplications for disability pensions were submitted with the recommendationthat physicians be appointed for the examination of the applicants.On motion by Miss Taggart, seconded by AIr. Meierdierks, the appointmentof the physicians, listed below, was authorized.
John F. Cant, M.D., Park Ridge, Ill.Glenn S. Nelson, M.D., 5153 N. Clark St.Gordon TV. Elrick, M.D.,2525 Peterson Ave.
To examine Anne X. Green, Volta School
Meyer S. Steinberg, M.D., 20 E. Jackson Blvd.John W. Dodson, M.D., Hot Springs, Ark.Gaston A. Hebert, M.D., Holt Springs, Ark.
To examine June B. IIenriksen, Columbus School
Fletch Austin, M.D.,700 N. Michigan Ave.Clifford L. Dougherty, 1\I.D., 55 E. Washington St.Charles H. Piper, M.D., 6900 S. IIalsted St.
To examine Victor P. Peterson, Harrison High School
Revision in Rate of PensionThe committee on annuities and credentials presented an opinion from theactuary for the Fund, Mr. A. A. Weinberg, to the effect that the 1,as:is forcontributions prior to September 1955 should be considered as a measure fordetermining the rate to be used for making salary and pension computations.For example, during the years prior to January 1954, each yearly rate ofcontribution should be related to the corresponding yearly salary rate forelementary teachers and, during the time between January 1954 and September1955, each yearly rate of contril,ution should be related to the correspondingyearly salary rate paid by the Board of Eclueation (m T.ane One. It is hisopinion tliat this procedure should apply to all persons who were contributingmembers of the Fund prior to September lf)55 and also that, in cases wherethis measure was not applied, revisions in rates of pension should be made,
In accordance there.with, the committee recommended that the annual rateof pension for Alice M. Turnbull, which was approved by the Board ofTrustees on September 17, 1955, be changed from $1,243.56 per year to$1,588.32 per year, effective on July 1, 1955, the clate of her retirement.
On motion by Miss Taggart, seconded by Miss Burns, the recommendationof the committee was approved and the above-described revision in rate ofpension was duly authorized hy the following roll-Call vote:
Ayes-Miss Scully, Mrs. Light, Miss Taggart, Mr. Mcier(lierks, MissB u rns-5. Nays-None.
1936Febrilary 21, 7 1
Cancellation of Pensions
The committee rel)orted that the following pensioners have been re-employedas teachers by the Board of Education. Pursuant to the law, the committee
recommended that pensions of the persons, hereinafter listed, be cancelled asof the effective date of re-employment.
lizile (,f Diii eXmne 1' (11 Nic)!1 lie-emplciyed
Alexander, Grace I ...$ 2,7:15.04 1/31/50
Calkins, Janet R. .. . 2.SSO.00 1/30/56
Lyons, Alice A. . 2,175.00 1/JO/56MeGlinn, Vet·a -\. . 3,449.SS 1/30/56
N,·]Hon, Nellie C. ...... .. 3,325.OS 1/30/56
Steigle>-, Arthur C. .. 1,215.2.1 1/30/56
017 motion by Miss Taggart, seconded by Miss Burns, pensions for persons,
listed above, were ordered cancelled on the dates indicated by the followingroll-call vote:
Ayes-Miss Scully, Mrs. Light, Miss Taggart, Mr. Meierdierks, Miss
Burns-5. Nays-None.
Felircar>· 21, 1956
Outside Time and Military ServiceThe committee on annuities and creclentials reported that affidavits or otherevidence, attesting to or certifying service (1) in the public schools of theseveral states or in schools operated by or under the auspices of the UnitedStates outside of the City of Chicago; (2) time spent in the military serviceof the United States during the pension period; (3) as a civil service librarianin the Chicago Public Schools or the City of Chicago; (4) playground orrecreational instructor for the City of Chicago or the Chic·ago Park District;and (5) as a school clerk employed by the Chicago Board of Eclucation, arehereby presented for the persons hereinafter listed with the recommendationthat they be approved ; provided that in the case of outside teaching serviceno more than 10 years be credited and also that the last three-fifths of theterm of service for which an annuity is granted shall be in the public schoolsof the city.
Mer,·ic,· Arri ice ('red[(MA:,in(· of Member School (I)€..4•riliti¢iii) 1 1-r.. Mi). I):ly. )
T,•tic.hing S,•rrici. in Pill,lie Srhools „r Uncli,r Auspirrs of th,• U.S..Tanis:, Rlith,·11:l K. ..........Ki,s:,·irisko ...........'i,·a,·liing in-0-0Karnpf, Al,·in L. ............54111)5:titute ...........'1',·:t~·Inng ............ 1-0-0AL,11(,t t. 1-: 1 1 1 11 1 3. ........... Substitute roachin n 6-1-0Milles. T.il,hy T. ............81111>:titute .......... EL':lchitig 6-7-10Simmcins, .\Ith,·:, M. ........Sul,stittlic, Pimching 7-X-10St:ilmok, I.:,Vancha M. .....huistitute ......... Trachinf. ....······· 9-7-1)'I':ippert. 11,·tty .\1111......... 1'111:,ski .............. re:Lching 1.-0-0
Military Serrice (if the United States~ihi·Y, Mary t''r·:tlic,·s .......>:,·nn Ifigh ........... Military 2-7-10124,1<linan, Ii,·1·1),·rt .......... Von TTizinbrililt Trii;11 itilit:11·r 2-0-0Jiloncy, .lines P. ......... lic('lell,in-Healy ..... Filitary 2-1)-0Fort, e. Ricliard f'. .......... Stilistitute .....,..,,,llilitary 3-2-15
Employ ,nunt in Otlwr Chirag , ) c ,{ Ir ,•r !, rizental r /,2 i ts13 ell, Ariel L. Iillrt· Recreation:il Invtr. ... 2-7-111;lod;rott, Louise IL .....,.. 71:iriloy Trnde ........Librarian ..,,.......,22-2-0Br:icl.v. Alcl,ina N ........... Fropliel .............. I'lay;rround In:tr. ....1-0-0Donehili·, IN·rnice K. ....... I.inell)loni Iligh .... ... f,il)1':~ri:iii . .12-8-0Eclgerton. Mary H. .........Tilton ............... Recrentional Instr. .,. 1-,BO1Clli:, Il:,1·2·1· AI. ............. I),·neen .............I:rerention:,1 1/istr ... 0-1-512:ther-, 11:try 1''r·:111,;s .......Senn ITigh ........... I,il,rarian ..._.......17-7-2Flynn, M:i ry K 1 ;.11'ti);1 ............... 1 jil)1',11'i:111 1-0-0Gi,1(1:,1,·in, ('h:,1·1,·.. 15. ... .... I-r,11 St('11}wil Ilip,·11 ... lh·,·r,·,1(inn:il in:tifirpi·ne. Frances F. ......... I'.irkside ............. Librarian ...........12-5-15(,11.1·. W:ilter A. ......... I·'m·em:in Iri:.:11 ....... 1;e(•1·0:Itic)11:il In..11·. ,. 0-2-10Enlbip,·. M,-rtle 5............ 1':Lrkr·r High ........ It,4·rentional Instr.... 3-0-21:(,H·itt, .Te:,111·11-,· M. ........Stil):titiite ......,.... Kehool Clerk ......... 1-6-Mel;ricle, M,itt T,. ..,......,.Chic:igrn Te:i. ('c,1. .... 1:c·c·i'e:,tion:il In>4ti'. .,, (1-7-5(-)'Shea. IC:ithlm·n .......,... Holmes .............. School Clerk .......,. 2-2-181'17110, Natherine ]3.......... Shakespe:11·,· ......... S, hor,1 Clt'l-k ......... 1-6-10Pt·endergast, IA-(111 ................ 8(·11001 Cl,·rk ...... 1-2-2It(,Ir, 1.
Richter. K:lth,·ring L. ...... I)iv. HIN·,·(·h Con·. ..... H,·hool ('h•lk . 2-1)-IOIttilence, Anne G. ........... Str·intiletz High ...... 1:9(:b·:ition:11 In:ti·. 2-$-0Sc·lieid. ]Ccln:·2 P. ............ Bul,stittitc: ........... School CIM·k ...... (1-1 -5
On motion by Miss Tairgart, seconded by i\Irs. I,ight, the outside time anclmilitary service for the pei·sons listed wei'e approved by the following roll-call vote:Ayes-Miss Scully, Mrs. I.ight, Miss Taggait, 111·. Meivi·cliei·ks, MissBurns-,9. Nays-None.
Iblim:i:>· 21, 7.3 1956
Revision of Outside Time CreditThe committee on annuities ami creclentials reported that for the pel·soli namedbelow te:whing yerrier iii the mil,lic schools outside Chicago was approvedpreviously. The reeords of the Board of Education show that the outsidetime was rendered concurrently with teaching service in the Chicago PublicSchools. In orcler to eliminate such over-lappint credits for outside time :indChicago teaching service. the committee recommended that the outside timebe redlic·ed to the :miount shown below: th:it contributions therefor be acl-justed; and th:it the records of the Fund be changed accordingly.
Itc,-ixed Gul.ideX:imi ]):iti'24 cif Illit.~i,14. '1'illic '1'ime Cri•dil:
--
Kir>:chten. Rhea 1: 2-5-10(0,1 ./unc 17. 14.18. thi /10,1,·d iii 7, tixtri.. irlip,·;,r, d 2 1/im·< and G months).
On motion hy JIiss Taggart. seconcled hy :\Ir. Meierdierks, the recommenda-tions of the committer wei·e approved unanimously and the above-deserihedrevision of outside time credits was duly authorized.
Denial of Military ServiceThe committee on annuities :ind credentials reported ttat it has considered
evidence of military service rendered hy Louise C, Robinson from November11, 1918 to January 6, 1921. The records show that Miss Robinson wasemployed in private schools prior to the date of this service and also thnishe was not emliloyed in plil,lie schools imniediately thereafter. The pensionlaw authorizes credit "for time spent in the military service during thepe jision period" and defines pension period as "all time during which serviceis creclitable for pension purposes." Since no time prior to the period iiiquestion or immediately after such period is creclitable for pension purposes,the committee did not construe this service as having been rendered duringthe "pension period" and recommended that credit therefor be denied.
On motion by Miss Taggart, seconded hy Miss Burns, credit for the militaryservice described above was denied by the following roll-call vote:
Aye:--Miss Scully, Mr<. Light, Miss Taggart, JIT. Moierdierks, MissBurns-5. Nays-None.
ADJOURNMENTOn motion by JIiss Burns, seconded by Mrs. Light, the meeting acljournedto meet at the call of the Secretary.
6c-Zz 43=.«-/Recording Secretary.
Amil 20 75
1954
lil'll'C)RT (-)12 Tl IE PROCEEDINGS
OF THE
Board of Trustees
OF THE
Public School Teachers' Pension andRetirement Fund, City of Chicago
Regular Meeting-Official Report
Friday, April 20, 1956
A regular meeting of the Board of Trustees of the Pul,lic School Teachers'Pension and Retirement Fund was held Friday, April 20, 1956.
The Vice-President, Mrs. Light, called the meeting to order at 2:00 P.M.
ROLL CALL APPROVAL OF MINUTESPresent: Mrs. Light, Mrs. Johnson, On motion of Miss Burns, :econ(ledMiss Taggart, AIr. Meierdierks, Miss by Miss Taggart, the minutes of theBurns-5. adjourned regular meeting of Feb-Absent: Miss Scully (clue to personal ruary 21, 1956 were approved as
, illness), Mr. Whiston (due to business printed.outside Chicago), Mr. Marshall, 1\Ir.Haggerty--4.
AP: 11 20 76 14,1,
ELECT ACTING CHAIRMANOn motion by Miss Burns, seconded by Mr. Meierdierks, Miss Taggarl wasunanimously elected acting chairman of the Committee on Finance to servewhile its chairman assumed the functions of president of the Board of Trus-tees in jIi:s Scully's absence.
REPORT OF COMMITTEE ON FINANCEReimbursement of Contingent Account
The committee on finance reported that receipted bills, cancelled checks, bankstatements, and other supporting documents covering expenditures for thepei·iod from February 24, 1956 through April 17, 1956, inclusive, and totalling$773.01 were audited.
The committee found that expenditures had been made properly :ind recom-men(led that this account be reimbursed in the aforesaid amount.
BillsThe following bills were presented with the recommendation that they beapproved and paid.
itlit,4 St:iti{,Iler,4:
:;/29/56 ()flice sul,plies ......... ···$ 151.68lizirn:ard k Miller:
1/17/SG l'ritit,·,1 „1!i<·,· f„i-tim ;,11(1 5~11,1)lies. :;KK.7,)
L. W. 15(,thm (:ImpunY:8/1/66 11:kint,·11:in<:i, for naillicon·1·:11,11 111:tchiric
for the peric,cl froin ·1/1/51, to 4/1/67.... .$:;/12/56 Minieograi)11 Mul,Flies .................... S.K()
61.80liurrough,4 Cort)(Ir:ilic)11:
2/20/56 Itibl,r,n for adding 11:,chine.................... 1.15
lilly(·4 %4:ttiK(ir:11 Mer,-ice, I lic.:2/29/5614/17/56j .\Cttl,Ll'i:Ll Mlatistics :all(linsul·unce report... 510.16
2/29/5(H 1 '(,libion payroll3/30/561
55.10-
3/16/56 Stritistical rel)(,rt 1,)1· 1 h i' 1_:0:,t·(1 01' Ecltication d.'. 4.
(; 11.0()Man·]lant CalculntorM, Ims:
4/1,/56 Allculator......... 5.·1011:ar.h:111-Jilekion (*(in, lin Ily :
3/28/ 56 Stor:iKe hoxes .......... 20.251/11/56 5 steel c:11)inets............. 1:16.154/12/56 Steel 1 adder 72.W)
2 S S.4 (1:b!(Cormick unil liender,ron, Int·
2/7/56 Printed forms and supplies..... 192.00tn 395.()0:;/21/56 Janual'y Pl·occedings ...........
590.00Mi,Mler Snfe Co.:
3/26/56 3 Invulated record cont:till,·1:4. ···· 1,15 8.04 ,16 1'(,sting trays for 1,·,lger (·,1171,4. 7·ts.%(I1)elivery :ind installatioil ,10.()0
1/12/54' Alph:il),·tical Ki,icies for t,·.i, her.' livER,?1·>1. 11,5."::
111.1,2
April 20 77 1956
Bills ( t ·unlintted)
19(,iry--11(,ive*. Ine.:3/,1/56 1 '(,st: IKe meter rental 3/1/56 thi·u 3/31/51; .......... 36.1,0
lircier.% C 'c,lor 1'1:tte Com lizinj:2/29/56 SPA·nature plate CI·I. 11. 1:iwk) ..................... 1.1.2:I
U. S. Fidelity :111(1 C. 11:,rniity ('4)1111,1,143 :3/2 S/56 1)elmsitor': 1·~i,i·Ket·>· liond, .1/20,51; li, 1/20/57...... 105.00
Utility Stipply Co.:4 /0/ 56 :; Steel tiles : ind installation ·17 . 17
I'lal·Mleinns:3/6/5G G. H. Nelson, LU.D., 1·:xam. of .Atin,~ N. l;n·en. ······· 10.003/6/66 1-1. IV. Elrick. M.I)., i:x,2111. of .\nne N. Green 10.003/1/56 G. A. Ilebert, M.D.. Exam. of June 13. lienriks;11. ... 10.003/2/56 .1. W. DodKm, Jr., M.D., Exam. of Jmwl.i. I.Ienrikcw 5.002/28/56 C. L. D„zighert>·, 11.11., IC,:rm. of Victor P. Peter:on. 20.004/5/56 C. 11. l'iper, M.D., Exam, of Victor P. Peterson..... 10.00
$4,510.11
Refunds and Death BenefitsThe committee reported that documents pertaining to clainis for refunds anddeath benefits for persons listed herewith were examined and verified. Ap-plications for refunds a/c resignation were macie by persons who are nolonger employed as teachers by the Board of Education. Claims for refundsof contributions and for 1)enefits payable on death of tenchers and pensionerswere determined after certifying dates of death and establishing properevidence for each beneficiary, administrator or executor. The committeerecommencled, therefore, that refunds and death benefits be granted forpersons listed herewith in the amounts specified.
The committee reported further that other refunds to contributors, listedherein, were paid at the time reports on audits of such contributors' accountswere submitted. In each case, the refunds were due to changes in rates ofcontribution for creditable service or to other required adjustments iii theapplication of automatic increases in rates of contribution by the Board ofEducation. It was recommended that the payment of these refunds be con-firnied and approved.
tle fian,1. 11/e lteN[gnation:
Ack,ils,m, Mary S. ..... .$ 59.1.50Ansorge, Lois F. ...... 165.00AMbley, Lorraille K. ... 1,034.30Honninger, 111·:inces 1-1. 165.(10Holing, Jean .......... 293.50elemens, I>ati·icia G, ... 60.0()Drew, Lorraine G...... 522.601) zii·kin, Dolores Anne.. 672.26Dyrud, Ruth M......... 1'923,62Fitzgerald, Joan G. ..... 227.90Gi·iflin, Ellen 13. .. 82.50Hite, Lorain O,......, 502,29110-«10, Ii:kzuko 16. ...... 258.50Kuffier, Violet A. ...... 859.50I,iishliough, Eloise T. .... 587.68
April 20 78
1951,
Refunds and Death Benefts ( ci, ntinucd )
Refull ( 14 11 / 42 IteMIKIrnticin : ( Mintinucd)AT:14017, Carol B;innon ........ 215.%11
Miller, Ar- th wi· II. .... ..... 118.14
Munari, Helen C. .......... 900.6XOlson, Mary B. 179.25Rawson, Helen M. .......· 174.Of)Ryl)ski, 1Crigrene H. 1,871.36
Schulman, Joye,· ........... 110.50Sielen, Ted ................ 291.82Smith, 1:10:inor- Ann ........ 1 65.Oft
Stenson, Milrian ......... 396.50
Wheeler. Helen ............. 180.00
$12,5,55.51
Refund* of *Crumul:zted Contrilintion,4 on Death:
Burge , T ,- rossi E . ( Frant. J . 111 , 1 -,ge , bcnelicift, 1/) . 3 2 , 887 . 1 )/ 1Earwaker , Veronica ((; corge J:(11· 1 ·(11: cr, bcnelicitir !1 ) ... : 4612 . 14 ,1•'ogelson, Len:i (Idn D. Fogclson, bcneticiarl/)......... 3.771.27
Liston , Marguerite H . ( Gertrude Liston , Marv Li .iton andJohunnit Brinficid . ticneficiariett ) ................... 1 , 517 . 071
MeGuire, Leone (Gradvs J. JkGuirc, bencticia,·v)....... 4,·10:1.50
Mcjvhintlie, Eleanor (Jinry Alice .WcWhinnic, c.z·ce.,itor) 3.301.00Norton, Marcia L. (,Fla,-old T. licrman, benelicia,-u) ..... 3,930.2.-,
Stabli , Anne L . ( Che8tcr C . Stabb, licir ) ............... 510 . 50St.irk, 13,11·nice K. (Lec D. 6'tark, guardian of .lfetrin
Stark, a minor ) 102 . 00Teehan , Mary D ( John I '. Dillon , bencticiarv ) ......... 2,655.10
a.,U.....
Kingle linyment lienent (in Dentli or '1'encherM:
Burge, Teresa E. (1'1·(ink ./. nurtle, bc)1(:/ic·i,1,7/) ......3Earnaker, Veronica ( Gcoruc Eni ·,cciker , beneficiary )... 2 , 500 . 01 )Fogelson, Lon:i (ldr: D. 1''ouctson, 11,)86 Neumann, Bist(:M
irn(l Samuel Fof/ Clson, brother) ...................... 2 , 600 . 00Liston . Marguerite H . (.Waru lrenc Luton and Gertrude
11. Liston, bencticiarics) 2,500.00AlcGilire , Leone ( Gludl/ 8 J . Mc(luirc. bcneficiari/) ...... 2 , 500 . 00AIGWhinnie, Eleanor (.lfarv ..ilicc jfcll'hinnic, c.rccutor) 2,500.00
Norton, Marcia L. ( Harold T. Berman, bcnenciary) ..... 2 , 500 . 00Scott , Dorothy C . ( 11 ' im' ain CharICA Scott and Hal · 1,(n-(i
Craig Scott, bcne/icia,·iw) .......................... 2,500.00Stabl), Anne 1 ,. (Ch (' Ht ¢' i · C . h' tczbh , heii ·) ............... 1 , 750. 00Teehan, Mary D. (Johi: P. Ditton, bencticiarl/) ········· 2,500.00
1,2 3/).(10
Single 141.yment liei~*.lit «in Delith (,f '1'r:teher-I'eit,41(rnel.M:
Coleinan , Go (, 1 · g ' e . I . ( Militit (301 (' inan, Robert L. Cole,Artii ,(icorfic E . Coleman , Thomt, 8 J . Colcm,rn , bcneliciarict,) .. 3 5 0 0 . 00
1-Iolconil ), Jane B . ( Lel¢(12/ E. 11 (itcomb , bencticicirli ) ..... :,00. 0(1
Van Valzah, Audrey (Robert W. Vanl'-akah, beneficiary) 500.00
1,500.00
1,·Crued l'en,don I':,3-snent on Death of n I»endoner:
1,:bel, Frances E. ...$ 2,175.00
(),1 advice (d tlic att ,ir , ifil for tlic Fund ( rnd On nutlio )· i - 2 , 175 . nozcition bu the Offiec (,1 Alien Propertu (11 tlic UnitedKtatc.8 1,(.'ticirtment of .litatit.c, (te:r.rucil licissicin 01 MiRRBbel (forme,·111 n joi·cign ,·cgificnt. (ilitt ni)10 (le('r.(18£(1)111¢11# tic 1)(lid to the atirrivillu nict·EN (ind net}lif.F . 71(imCI 11.Anita I':bet Mcio·. Emill, E.1}Cl Xe.hul., Afatilit(1(L EbctSchade, Aturion i·.'1,01 lect/,1,41<IR (Ind W(liter P. Ebel.
1956April 20
79
Refunds and Death Benefits (, onfinmti )
itefillidN Of Contrilintic)]IN fc,r Servier in Ext'(,MM of ·15 YrilrM
In tile Amount Applicalite :ix :rn On'Met 1(, the Delletenry forMervice I'rlor t„ J tily 11)31:
IIazlett, Isabel -\. 207.00
Kelly. .\Hm, M. 108.0059.40
Sinnott, Margaret M.37.1.40
Refiliall,4 11/1 Adj,1,4(ment in Hitti.M (ir Contril)11(1(,11:
Sinnie, Vii·ginia K. ...............................3 1.1.'0.00-logan, Katherine C, 2.00tontleld, Kathryn 12.7541·ejeha, Valeria M.4.0031·ett, Laverne M.
51·llselli, Dominic P........................ ....... 2.SOtrils(·hi, Peter J 0.9.4
i "Ii·roll, John P. 5.00)iI:ona, Lucille J 4.00lolan, Ann Egan 71.24.rigellirid, Florence E. -17.OS,vans, Gloria J. ...............................· 2.75
,·'rank, Gertrude W. .......... 37.27Gallagher. Frances ............................ S.00Glasco, Dora H 34.56Henning, Grace E 3.75Howatt, Gordon M. ........................... 15.00Igoe, Mary N. .................................. 3.75.joyce, Emmett R. .............................. 11.00Tiean, Gwendolyn P. ........................... .GSKearns, Mary N. 1.00I,yons, Norine G. .................................. 164.55MeShane, Ellen G. ................··········-··· 78.75O'Brion, John F. ................................... 4.46Rhodes, Jullana W. .......... ................... 2.00Ruy ter, Harry A ............................... ... 171.35Ryan. Lenore .... 9.00R>·bet, .Tenn G 3.00Silver, Irving .................................. 5.00Simmons, Ozzie Ie. .............................. 4.00Strauss. Davida S .................................. 61.48Hil 1 1 ivan, Daniel L...................·········· 35.00Sumnierower, F: innimae..........····-············ 5.00'1'hreadgill, Evelyn H. 14.00Vanderwal, Lillian E. ..... ...................... 8 S.S 3Wallschlarger, Theodore W. .......················ 6.00Weihofon, George G. ,.................········· 23.50Wittry, Kathryn C. ...,.... ..................... 2.80Zellar, Elizabeth M ............................ 3.30Board of Education ................................ 20.00(For Oic are{)tint of Tlic·,Hlin·r W. Wallarlil[teller)
973.63
$71.522.12
On motion by Miss Taggart, seconded by Mrs. Johnsen, the foregoing reportsand recommendations of the committee were approved. Expenditures for thereimbursement of the contingent account and for the payment of bills, refundsand death benefits were authorized and confirmed for each account shownabove by the following roll-call vote:
Ayes-Mrs. Light, Mrs. Johnson, Miss Taggart, Mr. Meierdierks, MissBurns-5. Nays-None.
April 20 SO 1956
Issuance of Duplicate WarrantThe committee reported that the pei·soii named below requested a duplicatewarrant in lieu of the following described checl: which was received andlost. An affidavit, certifying this loss and indemnifying the Fund againstany liability, damage or expense which may result by reason of issuing suchduplicate warrant, was submitted also.
3-nme Amolint Numlier Date I '/ir/,(Dpir
S wihat· t. les ther P. 5 66.67 25::58·1 8/::1/56 l'i·lisioll ]):i,·!lit·lit
On motion by Miss Taggart, secon(led by Mrs. Johnson, the recommendationof the committee was approved and the warrant was ordered drawn by thefollowing roll-call vote:
Ayes-)Irs. Light, Mrs. Johnsen, Miss Taggart, Mr. Meierclierks, MissBurns-5. Nays-None.
Purchase of Bonds ConfirmedThe committee on finance reported that, in a mail vote prior to the date ofthis meeting, the purchase of the following described bonds was approved onthe yield basis noted plus accrtied interest. The committee recominended thatthe purchase of these bonds be confirmed, that they be registered as to prin-cipal, and that they be accompanied by an approving legal opinion.
A mult,al DrM<·ription of HondM Date of Diate (,f 'I',)C Pur , :1111(·) Numr of Firm IMMit: Mnturit.y Yir!{/
5 SO,f)00 Kintl:ill County, Ill.,Y„iki·ille-131·ist<,1 10/1/55 1/1/66-73 imp;Sunit:ir>· nist., 311 <,2 :ind 31~692. G. 0.
The -Whitt·-Phillips Co.
150,000 0,(,k Ccitmt>·, Ill., lit. Prospr·rt Park 1/1/56 12/1/71-75 2.009DiNt.,35 Park Improvement
Barcus, Kindi·ed & Co.
·15,000 Cook County, 111., School DiMt. #71, 3/1/56 12/15/74/67-74 :1,05 r;Nil,·s, 314% and :11,4 9. School Site
M. B. Vick & Co.
10,000 ('nok County, 111., School Di>:t. *158, 3/1/56 ./1/73-71 3.Oor;T,:1118 ing, 3 C;, Schor,1 Site and 131(ls:,
Holiert Vick & Co.
57.000 Cook Coritity, Ill., School Dist. *148, 2/1/56 12/1/75/68.64,71 3.00%1-)olton & 54()tith I-Ir)11:incl, ,"1"i. Sc.hool Bldg.
Robert Vick & Co.
150,000 Cook County, Ill., Conim. IT.S. Dist. #21 S 4/1/56 12/1/72/67-68 3.00'513100 Island, 3169. School Blclfr.
Harris Trust and Sar·ings Bank
100,000 Bell Telephono Company of Pennsyl- 3/1/56 3/1/96 3.20 9vanin Fortv Yorir 311% Debentures
IIalsey, Stuart & Co., Inc.
On motion by Miss Taggart, seconded by Mr. Meierclierks, the above trans-actions were approved and confirmed by the following roll-call vote:
Ayes-Mrs. Light, Mrs. Johnson, Miss Taggart, Mr. Meierdierks, Miss1211 rns-5. Nays-None.
April 3) 1956
REPORT OF COMMITTEE ON ANNUITIESAND CREDENTIALS
PensionsThe committee reported that applications for pensions wore presented forpersons, hereinifter listed. with the recommendation that the pensions heapproved and granted in the amounts and under the conditions set forthherewith. In the case of oach applicant for service or disability retirement
pension, the emplornient of the teacher had terminated oincially, the legallyprescrihed minimum years of teaching service were completed, and require-ments with respect to age (if applicable) were fulfilled. Each applicant fordisability pension was declared by three competent physicians to be sufferingfrom a disability which wholly and presumably permanently incapacitates himfor teaching. The applicants for widows' pensions furnished proper evidenceof their rights to receive such pensions.
Mentlier'M Selron! Service '1'/, Annu/11c} r 1-rM. 1)81'. l'ell,41011
Ng). Numr of '1'racher Vemher'34 Stnt:]M MAM. I):1YM Fr«im Rnle
Optioncil Serrier Retirement P,),! SE ¢„ IN
8965 Coup:hlin, Trone D..,..-Wildwood .........38-5-10 4/ 1/56 53,111.84"2-1-10S!//1 Telatler, Mayme R.....ATurphy ............ 6/26/55 2,383.32
8970 Grant, Helen .........IV:zller TIigh ......~1 7-,s-10 2/22/5G 2,77 7.20.5-5-0 4/11/56 2,506.72S971 TTaffrier, 1·:va. 11. ..,.., Gninpers
8972 I-I:nma, Lorotta H. ....Cameron 3-1-0 2/21/56 2,117.2S8973 T-Inrtig:In, Catherine M.Bowen 111:rh .....·1:1-4-10 1/28/56 :1.512.52897 4 II:itton. T,rdia S. ......\,istin High ......10-2-10 3/1 0./5 i; 5.291.7/1%975 TI,irdle, Lucille E. ....Trving Park ......20-2 -0 3/ 1/66 1.700.04X976 .Tohnson. Margaret G,./Willavil ...........28-3-0 4/ 3/56 2,:;71.08S977 Fane, Florimer M.....lbirlink ..,.,..... MS-2-0 2/23/56 3.012.72X97S !,und, Sophie V. ......Tralsh ............38-9-10 3/30/56 3,1 Xq.96
X979 MrAziliffe, Frances C....Tamieson .........37-2-10 2/2S/56 7.019.OKK 9 8 0 Minton, Florence P....Mann .............·12-0-0 1/28/56 3.400.3204'81 PearM(111. Evelyn M.. ...Calumet Trigh 3/17/56 2,SS 1.GS"5-3-08!)%2 1-'eck, Ar:u·ip li. ..... . Bell 41-1-10 2/ 1/56 3,357.84S!)S'; Sheridan, Virginia ....Nixon ......... ...:11-9-19 3/ 9/55 2,379.60X98/ Str:'icier, Lois I. 1. O. Sexton ......32-1-10 3/30/56 2.566.3284)86 Wigrrin. Mattie R. ....Peircrs ............:15-5-0 1/24/56 2.549.64>MIXG Winr,gard, Dorothy I-I..Waters ...........20-1-10 1/ 1/56 1.622.28
Comptilsory Service Retirement Pensi(rns7784 A brirns:. Mary A. .... 9.ward ...........·14-4-1,1 2/25/56 3,327.00*73R1 All,·11. Muriel ......... Azillir·:11 le!,·in. 0-·1-0 1/28/56 1,200.00*>!1 8 7 Andel·son, T.eon,trcl C..T,ane 9'ec·li. High...· 5-0-6 3/13/5 6 :4,654.6()•':05 Baker. Charles lf'. ....CI·ane Tprli. 1Ii;rh...2-1-0 2/25/56 3,306.24•>!ISS Bradshaw. Albert:1 TV..Mt. Vel·non .......· 4-7-0 4/ 1/56 3,658.20.0489 Burkley, Marip G. ....Coles ...... .....·,1-2-0 0/ 8/56 3.570.GO•I '1 90 Collopy, Mary 11 ..,..Rierson 4-0-10 B/11/66 3,568.68*Kf191 Cut·ran, Ruth JI:ty ..., Kozininski .....·5-8-18 3/10/5*' 3,662.04*0992 Hazlett, Isabel A. ....Hyde Park iligh...· 5-5-15 3/ 3/5, 3,662.04*S993 IIitch, Hai·rivt ....,.., Kelv'·11 Park TTitrh.· 1-3-0 3/ 3/66 3,373.32*%4.1,14 Kntzof, Rose U. ......TI:iwihorne .......27-8-10 3/24/56 2,329.68*8019 Kelly, Anna M. ...... Dewey ........... . 5-6-5 1/28/56 3,380.04*7421 O'Neil, IIannah D. ....Talcott ...........: 7-3-11 1/28/56 1,626.60*X578 Sinnott, Mai·,ral·c·t M...T,ake View High...·5-1-13 1/28/56 3,380.0-1*X 9 !) 5 Thillit Bl:incho L. ....Mann .............:-7-4-0 1/2$/56 :1,0·14.40*X!1!)6 Walker, Irm:'1 J. ..,.., Spalding Eleni. ...··1-3-0 1/2 S /56 7,578,·• 9S!)?)7 Watson, Helen A.....,Lewis-Champlin ...3-0-0 2/25/56 :;.196.56•
*1·,mr,·itic v trtic·lirr retired uft,·r re-nibploilment fin tr temporcin, basia.
.'lpril 20 82 1956
Pensions (,„ ntinlit , I )
Mrinlier..4 Se]14,01 Service '1''I 11111",1Or 1-rM. 1,1,(· l'F".1„ia
Nume of '1'~·11~·]H·r Mc·,111)(•r'M St:attl,4 1!(,4. 1)[13-,4 Fr„in lt:,te
DisaLitity Retire.ment PensionsI)-1 54 Gr,·en, Anne N. ....... Volta .............21-0-0 3/15/56 1.289.52I)-155 P,-tr·r·son, Vii·toi· 11. ... TT:irri:r,ri ITilrh ....1!1-4 -10 2/ :1/56 1,2,40.24
~'idoirs ' Pell 5 i( }n S
WA-08 Coleman, Edith S. , .-.,0. '.1/1.1/56 ....r -.
OVit!„141 (d Gcon,t. ,1. C,it, 111(rn, ti·lit·lit·1·-1),nxicm,-)TVT-20 Thomp90,1. Harriet R. .75-3-0 2/10/56 1,265.04(WWOM (,1 :Ict rin D. Th<,mi,Hon, teacher)
On motion by Mrs. Johnsen, seconded by Miss Burns, the recommendation ofthe committee was approved and the service retirement, disability retiremenLand widows' pensions, listed above, were granted by the following roll-call vote :
Ayes-Mrs. Light, Mrs. .Tohnsen, Miss Taggart, Mr. Ricierclierks, MissBurns-5. Nays-None.
Summary of Pensions Granted01,lion:11 91.t·vic:,1 retirement 1)1·Ilgion.......19
Comprils„ry Mervice reti!·ement pensions. . .17Disability relii·*·ment periBions ............
0WIdows' pensiong ........................ I.
Denial of Disability Pension
The committee on annuities and credentials reported that an application fordisability retirement annuity and reports of physicians were examined forJune B. Henriksen. Since physicians appointed by the Board of Trusteescertified that the applicant is not sufrering from a disability which whollyand presumably permanently incapacitates her for teaching, the committeerecommended that this pension be denied.
On motion by Mrs. Johnsen, seconded by Mr. Meierdierks, the recommendationof the committee was approved unanimously and the pension was not granted.
April 20 83 1956
Change in Effective Date of Pension
The committee on annuities and credentials presented a report from the Boardof Education regarding a change in the date of resignation for Philip J. Carlin.On September 14, 1955, the Board of Education approved his resignation asof June 24, 1955, but on February 29, 1956 the date of resignation was changedto August 19, 1955.
The committee recommended (1) that the records of the Fund be correctedto show the new retirement date, (2) that Mr. Carlin's pension be madeefrective as of August 20, 1955 instead of June 25, 1955 and (3) that anadjustment in pension payments for the period from June 25, 1955 to August19, 1955 be autliorized.
On motion by Airs. Johnsen, seconded by Air. Meierdierks, the recommendationof the committee was apl)roved and the above-described change in date ofpension was duly authorized by the following roll-call vote:
Ayes-1\Irs. Light, 1\Irs. Jolinsen, Miss Taggart, Mr. Meierdierks, MissBurns-5. Nays-None.
Appointment of Physicians
Applications for disability pensions were submitted with the recommendationthat physicians be appointed for the examination of the applicants.
On motion by Mrs. Johnsen, seconded by Mr. Meierdierks, the appointmentof the physicians, listed below, was authorized.
Jerry S. Chobot, M.D.,3955 W. 2Gth St.Leo A. Kaplan, M.D., 6 N. Michigan Ave.Virginia Tarlow, M.D., 670 N. Michigan Ave.
To examine Blanche M. Benda, Gary School
W. Don Craske, M.D.,25 E. Washington St.Duane W. Propst, M.D., 30 N. Michigan Ave.Robert N. I-Iedges, M.D., 30 N. Michigan Ave.
To examine Ruth C. W. Brandenburg, Hyde Park High School
iw".///kid.---
April 20 84 1936
Cancellation of PensionsThe committee reported that the following pensioners have been re-eniployedas teachers by the Board of Education. Pursuant to the law, the committeerecommended that pensions of the pet'Mons, hereinafter listed, be cancelled asof the effective date of re-employment.
Ant r of I ):/ 14.inme ile-'·mi,Iny«·drenMion
Haker, Churles W. .... ...53,2')*i.26.... .2/ 6/56Menivern, Lucy (' ., 1 -./..,... 2,%80.01)....Meric}i(,1.is, Norin ,· 1 1,405.56 . 2/ 1//5 6S,·liuessl,·1·, Gust:tv ....... -2/11/5,;
On motion 1)y Mrs. Johnson, secomled by Mr. Meierclierks, 1,ensions forpersons, listed above, were 01·(li,red cancelled on the dates indicated by thefollowing roll-call vote:
Ayes-Mrs. Light, Mrs. .Tolins(·11, Miss Tagg:irt. Mr. Mrierclierks, MissBurns-5. Naysi-None.
Outside Time and Military ServiceThe committee on annuities and credentials reported that affidavits or otherevidence, attesting to or certifying (1 ) service in the public schools of theseveral states or in schools operated by or under the auspices of the UnitedStates outside of the City of Chicago; (2) time spent in the military serviceof the United States cluring the pension period: (8) employment as a civilservice librarian in the Chicago Public Schools cir the City of Chicago; 01)service as a playground or recreational instructor for the City of Chicago orthe Chicago Park District; and (5) employment hy the Chicago Board ofEducation as a school clerk are herel)y presented foi' the pei·sons hereinafterlisted with the recommendation that they be approved ; provided that in thecase of outside teaching service no more than 10 years he credited and alsothat the last three-fifths of the term of service for which a11 annuity isgranted shall be in the public schools of the city.
Service teri ice Cri·,1 14.inme of Wrinber MA·h "(,1 (DCHer[[Vion) Ch'rM. M¢,M. ,):" N )
T„ciching S,•r„ir,• in Pul,lii· Schools or Under Allspite< „f tb,· U.S.Clark, Beulah M. ...........Crane IIigh ..........'1'pac·liing ..... 4-4-10Evans, Glen R. .............(i·:irti· 11igh ..........'1',·:whing ..... . 5-0-0Geist, Josiah Leo ...,....... Hrn Alit Tit·. ,Ir. Col. 72·:whing ....... . O-8-12Gulnbiner, Florence ........1.:lke View ITigh......Teaching ..... . 0.3-10Holicky, Blanche V. ........ful)Stitute Teaching ····· 2-0-0Horborg, Charles ...........f:ickson Teaching ..... . 2-0-0
Lindber·g, Katherine O. ..... >4111)stitzite Teaching ,.... 2-0-0liabideau, Glenn S. Wright Br. Ji·. 0,)1.....7'oriching .10-0-0Turner, Mary L. ............ Hill)>stitilte Teachilig ....· '|-S-0Whelan, Margaret M. .......1':it·ker Eleni. .... .. T,·:,chinir ..... . 2-5-16
April 20 35 195(,
Outside Time and Military Service (,·,),:fint,rif)
Service Ser, ice CreditwNulne (,f ~14,1,1/H·r Nell')01 (Depierilition) (YrM. M(,4. 1):ayM)
Militari· Serrice of the United State:Bauer. Charles R. ..........Sill,stitute ...........Military 1-7-9Bi·:tHorn, Fred K. ...........Chicago Tea. Col. .... Military 0-5-10Del'aul, CONI.ld M. ......... sh,·pird .,,,,_..,...Milid 1-9-10DePIL,11 Frank J. .......~~., }Cries:on ............. Milit:111 1-9-10English, CecillI. ...........Austin High .........Milit:in. 3-6-10Glick, Nonlian ............. ('hicago Tra. ('cil. .... Milit:113' 3-6-5
. rKrauszowsl:i, Mitchell S. ...Pope Branch ......... Military 1 - .' - 0
Sehw:irtz. Joser)11 ......... .54ttl~stitrite ...........Military 2-3-11
Employment in Other (1ircig„ Cori.r,Imi.„tell UnitsBard,·r, Daricl -1. ·· .........1·'en;rer Irigh ......... 1;rel·,·.ilic)Ii:11 11istr. ... 1-·1-10
Heard. Mary J. ....„........ 1,:nglewood High ..... Rect·rational Instr. 2-0-0C 'avey, Margaret M. ········G:ure 1-':irk High ..... St·11001 Clerk ..... 3-2-10Ca:ner, Sidney .......-.... I-Cycle Park Higli ..... Recreational In:tr. . 5-4-10Curtin, Frances T,
. 0, r -.........Chicago Voc·. ........I.zbrarian ...... e . . 1 A-0.J
Del:iney, Ii·one M. .......... Holmos ..............Recreational In:tr. . 8-1-7Demi}sen David .I. ......... Winnemae Plgcl. ..... I'layground Instr. . . 0-4-15Draine, Mary ]C.............1·Cilmer ..............School Clet·k ..... . 3-8-1.5Dygert, Edwin A. ....-..-.. c'alumet High ........ Reereational Instr. . 4-7-111]Cratis, Gloria. J. ............ '1'zilry I·Tigh .. ...... 1:,•cre:iti „n.11 Instr. . 7-0-5Calvin, Alice I. ...-.......Goldsmith ........... Schot,1 Clerk .. '1-0 1 -
Harrns, Clare 13. .........., . c-.allt Iliet High ........ Iterre:itional Instr, . 2-1 -SHellirich, OILTILS. .......... .Gra>· ................School Clerl: .....Hoke, Joel F, ., ..... 1%-„shlnirne Trncle .... 1,il)1·:iri:iii ........... 8-7-0Jack.lon, Ruth D. .. 1.:ike View High .....Librarian .......... .15-1-15Knar, Galeta Mal·ti . Columbus & Pral,mir..Schonl Clerk ........ 1-5-!5Keijll:ine, Cecil G, ..... CE)1(ismith ...........>4·hool Clerk ..... . 4-6-10M[110. Jolm W. ............. 1''oreman High ,...... 1:,7·1·rational In:tr, . 5-8-0Maloff, Jack .......... ..... 1*overnan High ....... I 'layglouncl Illsti·. .... 2-0-1McAuliffe. Mary Men. ......HolmeM ..............Sehiml Clerk ........ 1-9-10MeGuire, Donna J......,..,.linunds<m Hin·h ,...,. Reerrational In:tr, 2-5-10McHNErli, Dorothy L. .......Harrison High ....... 15»·reational In:tr. . 3-9-5MeN:ibb, Ber>·1 12. ..~.~..~- .Chirrigo Vi„·. ....., . Recreational Instr. ... 2-9-10Mislikin, Jule .....-........Jamieson & 1:oket·:4... 1:rel·rational Instr. ...1-0-14Montgomery, Dolores n.....7'riley High ,.......,,Recreation:11 Instr.... 1-3-15Moore, Emily P 13:lternan ........,,... liter·rational Insti·. ... 1-8-3Nicholson, Christine AT. .-..MCCosh ............,, 1'1:irkrouncl 111>:tr. . . 5-7-0Olson, France,4 G. .........Ryder .,.............5,4·hool Clerk ,, ..,.. 1-6-10Parrish, Lucille IC. ... Oglesby ............. School Clerk ..... . 2-7-51-411, Beulah AL ..........., Tulry Hin·h .. ..... Hehool Clrrk . ... 1-0-11Postl, Willinni M. ......., - Schurz I·Iigh .,......,l:rere:itiorifil In>,tr. ,.. 4-6-18Pruch:i, Alvenn S. .......... Corr. Speech D,·pt. ... 1 '1:0·ground Ins:tr. . 7-2-7Quant, Roy E. ..... .... 1Cnglewood }Tigh ..... Recroation:11 Tn.1 1·. 3-6-15Ullinn, Beatrice IT. ......,..Ray .............. Recreational Instr. 0 -S-101:iley. Aller M. ....-..-.-..Corr. Speceli Drt,t. ...Sehool Cle!·1: ..... . 1-6-4
1
./bi'.-L-*-
April 20 86 1936
Outside Time and Military Service cc 0 ,1 ti ,ltlf( 1 )
Service Service Credit,1innae of Member M«·]1{)(,1 (DeMeription) OrM. MOM. Da>M)
Entployment in Otlier Chicago Gorernnic.ntal Units (('(rntrnl{Cd),Schwartz, Edna ............JIorris ...............School Clerk ........ 2-3-0Skoronski, Edmund J. ......Chicago Vor, ..,......Recreation:11 Instr.... 1-1-0Thornton, .Emma A. ........Gompers ............,~chool Clerk ........ 1-6-15Walker, Irma J............. Spal(ling IC]em. .......Playground Inst!·. ... 2-0-5Werch, Mae S. .............I-rurley ..............School Clerk ........ 2-0-0Wingfield, Bernice L........Azistin High ......,..School Clerk ........ 0-9-10Wixted, Cecilia A...........Libby ......,...,,,...School Clerk ........ 3-1-0Zidek, Judith E. ........... .Taft High ........... Rect·entional Instr. ... .1-6-10
On motion by Mrs. Johnsen, seconded by Mr. Meierdierks, the outside timeand military service for the persons listed were approved by the followingroll-call vote:Ayes-Mrs. Light, Mrs. Johnson, Miss Taggart, Mr. Meierdierks, MissBurns-5. Nays-None.
Revision of Outside Time CreditsThe committee on annuities and credentials reported that for the person namedbelow teaching service in the public schools outside Chicago was approvedpreviously. The records of the Board of Education show that the outsidetime was rendered concurrently with teaching service in the Chicago PublicSchools. In order to eliminate such over-lapping credits for outside time andChicago teaching service, the committee recommended that the outside tinnebe reduced to the amount shown below; that contributions therefor be acl-justed; and that the records of the Fund be changed accordingly.
Ite,·iMed 011(MideName DitteM of OI]iMide Time Time CredHM
Green, Anne N. ............... Sept. 1931 to Dec. 1936 ............... 5-3-10(On Feb. 19.1937, the Hocird of TruateeR lipproued 5 11(n,8 tind 4 mt,nths)
On motion by Mrs. Johnsen, seconded by Mr. Meierdierks, the recommenda-tions of the committee were approved unanimously and the above-describedrevision of outside time credits was duly authorized.
April 20 37 1956
Board of Education Payments for Military Service
The committee on annuities and credentials reported that from time to timethe Board of Education elects to pay and does pay the amount which wouldhave been due from a membor during tinie spent in military service of theUnited States. In sitch instances, Section 3.1-99 of the pension 1:,w prescribesan amount which would have been due from such person had he actuallybeen employed as a teacher during such time. The committee reported furtherthat occasionally the sum remitted by the Board of Education is slightlygreater or less than the amount computed by the pension office. In order toreconcile the accounts of the Fund, the committee recommended tliat excesse,4or deficiencies of less than $1.00 in the remittance by the Board of Educationfor an individual member be written off, and that the teacher be creditedwith the amount of service specified by the Board of Education.
011 motion by Mrs..Tohlisen, seconded hy Mr. Meierdierks, the recommencla-tions of the conimittee were approved unaniniously and the above-describedprocedure was duly authorized.
ADJOURNMENT
On motion by Miss Burns, soconded Miss Taggart, the meeting adjournedto meet at the call of the Secretary.
6644 41*/Recording Secretary.
Junc 15 89 1956
REPORT OF THE PROCEEDINGS
OF THE
Board of Trustees
OF THE
Public School Teachers' Pension andRetirement Fund, City of Chicago
Regular Meeting-Omcial Report
Friday, June 15, 1956
A regular meeting of the Board of Trustees of the Public School Teachers'pension and Retirement Fund was held Friday, June 15, 1956.
The President, Miss Scully, called the meeting to order at 2:00 P.M.
ROLL CALL APPROVAL OF MINUTESPresent: Miss Scully, Mrs. Light, On motion by Miss Burns, secondedMrs. Johnsen, Miss Taggart, Mr. by Miss Taggart, the minutes of theMeierdierks, Mr. Marshall, Miss regular meeting of April 20, 1956Burns--7. were approved as printed.Absent: Mr. Whiston, Mr. Haggerty-2.
a..
June ]5 90 1956
REPORT OF FINANCIAL SECRETARY
Financial StatementJanuary 1,1956 through April 30, 1956
INVES'l',II·GN'I' ACCOILTIii,-€·AllitelitN, Jiti,Itilry J. 11),1,; at liar Villue
(a) I;oric!. of the 1-nit,·(1 States :ind (,f the St:ite (,fIllini,is ami its :uhclivisi*,11>4.................525.230,7·17.5.1
(1,) Corporate bonds , 1,650,000.00(c) Chic.isro J30,·trd of Edie*:ktion 60 tax anticipa-tion w:irrants 100.00Total $21;,SAS,8.17.5.1Add: Total invested..... 1,171.000.00
28,059,84 7.541),·illict: nonils matured >;1,500.00
Inve#(nien¢M, .1 1,ril :Ul, 1')5(; :11 ]'fir J al,Ir(,0 15„iii]A of the United Ht.it,·s and of the Ht:Lb· i,1Illinois and its bubdivision>:. ...... 26,128,2·17.5,1(c) Chic·:igr, Boril·(1 (,f Education G': t:ix :intic·ilm-
tion warrants ......... 100.00In ,·extment -ic'couilt, .11)ril 34),1,)5(; at 1':ir J:ilite..,...... FO- 0-0 0 4- M I
ILIC.C.ICII"I'S A ~I) DINIEUILKI·:,1].i'1'%C:,All lt:11:llice,.I:lialinry 1,1 1),50
(':ish--City 7'ic·:lsili·er ..... 78.236.66Cash-Contingent fund ..... 3.738.44 51,975.10
1/1.(']CIP'I'%Invednient hwome
Interest coupons presented for payment... 217,057.19Intel·c·st inc'wne on tempor:Lry investments. . . 12,157.72Tnx Collectionw Remitted to the Fund
Le vy foi· 1918 and prior..... 676.46Levy for 1950 ...................... 0,562.54Levy for 1951 ....................... 2,569.90Levy for 85,450.42 92,259.32
Contril,litic),1,4 ])3· 1'<Irticit):Ilit,4 (%:11:try Deduction,)P.egular teachers 2,020' 1/, 1.0./Substitute teachers ............................ 114,991.OnOHice en}Ploycus ............................. 1.S·16' 9 2,1·12,271.8.1
C':8+11 I':ly!81(•111+ to Filne[ 1,3· I':irtieilinlit,4C :1 ) For Hervic·e „litside Chic·:1:40. ..... 19,228.
4 Z
(1)) 1·'or creditable Cillcu;fo service. . 177,t)92.61)(C) For interest ... u..)·it>.,9 3 203,766.27. - 4- lin
1*4)11(ly Rede(·med nt Par Jum.. ................ 81,500.00U.S. Tre:,Nury Ilill,4 Redeemed :It CO<t ................. 2,137,·179.iSM i Me e l I n n (i n ti N
92·ocoods froin State Distril,zitive Fiind...... 79,1.1,1.18Reimbut·xement for une:irm·cl perisions 1,:tid,.. 953.:;2C ift from eslate of .Josephine (;inty.........Cift from (:state of Mildred ('. Herlm:in......... 17.78Outstanding checks cancelled ...,..........Blue Cross-Blue Shield premiums. ......····· 12.55 82,526.:15
Total Receipts J:in. 1, 1956 thru April 30, 1956..... 4,969,31 S.47Tot:,1 Receipts and Beginning I;al,i rwe ......,..., $ 5,051,2.93.67
June 15 91 1956
Financial Statement (('1) 1tti }: 11 (·(1 )
1)1><111 1/>41·2711'21'1'S
Ref,1 1,(IN or ,!cilit,(·ri' C<,ntril,Iitic,1,4. (1114. 1 4,(a) Changes in rates or contribution.. ....$ 1.721.42Ch) Resifrnation of te:whers ........... 25.8.1(e) Revision of outside time eredit... ............. 2.25(d) 11.*tivenient of iii:,le buchers not entitled tn
51) 0.62(e) Service iii excess of 45 years...... 669.54 $ 25.SOS.01
lienMion and lienent 1':tymentNGros. Pension Yar·ments:
Service retirement .............$ 2,373,9:1:'.16Dis:ibility .......... .....~. ~5.iw.·10
9.886.2Reve·sionary ................ -* 2,988.07
Deduct: -,le).,0 .../,
Bluo Cross-131ue Shield 1,1'emittinswithholcl . .... 34.877.55
2,396,970.32Add:
131110 Cross-Blue Shield premiziinsI)aid .......................... 34.870.08 431,S40.40
De:1111 Itent'lit li'llyinent,4Refund of contributions ....... 67.973.GSSingle sum benefit on death in
service . 44,500.00$500 (single-sum) on death of
pensioners 5,000.00 117,473.GS 2,549,314.OS
Admint.Ntr:,tive Expen.Ne(a) Omce sal:li·ies:
Net salai·ies paid ............. 26.017.11Contril,litions for liril~ions . 1,S·1 6.32Blue Cross-Blue Shield
premiums withhold ......... S15.00Income tax withheld ........ 5,011.20 32,1 89.63
Ch) Professional services:Legal-Kirkland, Fleming,Green, Mat·tin & Ellis:IHelainer
(12/18/55-3/13/56) .$1,250.00Litigation ........... 500.00 1,750.00
Medical 65.00 1,815.00
(c) Rent-4 months 1.6 2.00(d) Electricity 1 1.16
C LD
¢1(c) Tolophone ... .......... 1 7.SN(f) T:,bulating service:
Te,Lchers' contribiltion credits<by B. of IC............... 2,18.1.32Actuarial statistics andInhuralic o reports .~~..,. 1,749.69pension payroll. ,)60.18Firiancial statistics ..,.. 387.Gl 5,281.SO
cir) O flice szipplies, ,,.,,. 756.39Ch) Ofnce equipment 1,271.22(i) Printing:
Oince forms and supplies.... 1.538.70Proceedings ,....,. 1,048.00 2,5SG.70
(j) postage.... .............................. 1,206.26(k) Cost of collection-bonds and interest..... 14.76(1) 13lue Cross-Blue Shield premiurns.......... 48.75(m) Insur:inc.'e Premiums 195.00(n) Convention exp,nses-National Council on
Teacher Retirement at Atlantic City. 751.24Co) Membership dues ....................... 95.50(p) MiveellaneciUM expenveR ................- 362.49 48.061.79
June 15 92 1956
Financial Statement DI S 1 1 URS E , ! IC) 'rM (((intinited)
U. S. Trel,Mury Ilill,4 l'urchn,ted int C¢,Mt .... $ 993,919.00In,·(•p€tment,€
Bonds purchased (1)(ir vallie ) $ 1 , 171 , 000 . 00Prernium I):ild 24,S-17.70
1,195,847.70Less discount 62·1.21
Purchase pric·e 1,195,223.49Accrued interest I):lid. . 5,631.11 1,200,857.60
Mi#{celinneowlUnclaimed pension paid estates:
Marie Wohlleben ...........0 $ 1,069.55Frances E. Ebel ............... 2,175.00 3,244.55
Re-imburscment for forged ched:. 49.17 3,:33.72
Total DIMburmement,4 JI,nunr.· 1, 11)nli through -irril 30,195(;. 5 ·1.SU·1,29·1.20
Cap¢h 1111]zince, April :10,195¢;Cash - City Treasurer ... 220,010.77Cash -Contingent fund 1,98 8.60 $ 226,999.37
Respectfully s,11)mit:ted,
GEORGE O. MEIERDIERKS.Financial Secretary.
On motion by Mr. Meierdierks, seconded by Miss Taggart, the four-monthstatement of the Financial Secretary for the period from January 1, 1956through April 30, 1956 was approved and ordered printed in the proceedingsof this meeting.
REPORT OF COMMITTEE ON FINANCEReimbursement of Contingent Account
The committee on finance reported that receipted bills, cancelled checks, bankstatements, and other supporting documents covering expenditures for theperiod from April 24, 1956 through June 13, 1956, inclusive, and totalling$943.93 were audited.
The committee found that expenditures had been made properly and recom-mended that this account be reimbursed in the aforesaid amount.
June 15 93 1956
BillsThe following bills were presented with the recommendation that they beapproved and paid.
At 1!IM Stfitic,Iier•M:
5/31/56 Oilier supplies .
18:irnnril .2 111114·r:4/30/56 1'1·inted wummed lah,·1:4. 12.50
]<oard of kiliti'litimi of the (ity (,r C hic·:154„:5/14/56 For PI-*'I,fil-:ltici „1 tabulating :ards :hon· in:r
teachers' salary (le(111('ti.!1: mi- .':.·11 pn>'1'4'111)elind from 1/1/56 10 3/:;1/56..................
Century Veniti:rn lilitid (4,1111):111.':6/11/56 12 Venetian blinds................. 207.86
Contine,11:11 kinel„lic· C „rl„,rtit Inn:
4/18/56 50,00(} IVindow uni-,·lopts. .3 :;50.50·' I. . Ail500 1.:nvelopes (3 1 x TIA)
It. C „ „lier .lr., lize.:5/2-1/56 M :iteri:71: :ind labor for repail·inK water ccoler. 12.29
Don:ild C. repland:6/12/56 Material and :4el·viers w:ed in the i,1:t:illation of
flum·eseent lighting........... 653.38
J. C'cite.·, I lic.:6/ 7 / 50 12 Omce ch . iii· s ............................ 286 . SO
Engle,v,wd I·nretric:il Supt)]y (Nunp:iny:
6/1/56 121*H·ekent lixturt•24, lamps and sn-it,·lit'S. ... 1,060.1811:iye. At:iti,dic·iiI Arriter, Iii:.:
4/25/56 I.ension p:ty,·011t, 1',56 lilite ('1·„es erii·i,11111;nt... ..$167.10
5/31/56 Routine ch:inK·es in 1).lyroll...... :21.!HA 207.004/30/56 Financial :t:ilistics ..................... 1 K.6,)5 / 31 / 56 Actuarial statistics ancl insili . ince reports . 17 . 80 273 . 30
M:ir.]1:all-.Im·16.(in ('Ii!11[)1:jin :
4/18/56 Lal}or .ind :upplit': for moving, installingto :ind remodeling strel sholving and filing
4/30/56 cabinets......................········ 207.555/3/56 Omer 1)LU·1711 lodger..................... 85/10/56 84 Steel transfer cases for checks........ 483.00 6Vt).35
11(Cormick :itail 114,1,(irrxon, Inc'.:4/23/56 1'1·inted forms .ind supplies.............. 661.25
1''ebrunry proer,·dings ,,................. 312.GOto 1 955 Annual report. .......... I . -i.,„.,04, 1 - ·, 4
25,000 manuals of information............ 2,570.·106/8/56 "WI·:it)])ing, 1211),lim:, c.ll·t,IA-*' :ind i.mt:ine
charges on manual of information...... 29·LTV 6,012.49I'ltilry-Hin,·1·4. Ine.:
6 /7 / 56 Postage meter rental 6 / 1 / 56 thru S / 81 / 56 ,, 36 . 00Remington 1{11:111, Inc.:
4/23/56 Alphabotical guides for accounts rreeiv-52.20
Alphabetical guicles for melnl)01-s' 111 :ixt,·1·file 122.50
5/14/56 1 Safe desk and trays...............,.... 838.505/31/56 2 Steel fl les 358.20
Contribillors' leclger eards ...... ... 521.70 1,923.10
yolrn,4 0111ce Mine],inew Conit):rnn Ine.:6/14/56 2 Comptonwters ...................... 290.00Less credit on trade-in................. 35,00 255.00
Ll- 1~=n _
June 15 94 198
Bills (contint, cd)I'llyMieizin R
5/1/56 Du:ine JV. Propst, M.D. lix:inl. 01 1-,ulli 131·,rncli:li-burg ......................................... $ 10.00
5 /1 /55 Roliert N . II .( i :r ,·:, 11 . 19 ., 1Cx :, 111 . of 1 : utli |: I : lticlen -burg 10.00
5/26/56 Virginia Tai·low, M.D., 1·:x:un. -f- 1;1:inch,• M. 1-;ell(la 25.006/·1/56 Charles B. Con:,don, M.D.. Ex:un. of Blanche M.
Benda ........................................ 25.00
Specizil Service·x:5/1/56 I'cut, Marwick, Mitchell & Co.
Maw,Arcment cont 1·01 :Linly lif 0111,·I: 61):w,·and equil,ment ........................ $ 500.00
5/31/56 Auditin:r services fur tlic yeal· endull8/:il/55 ............................ 4,506.00
Services renclered in the stricly of revi-sions in records and ill]),1·Vi:ion OfnOCC+Hary Ch:LI,MON in records and pro-cedures including ct-It:lin receivablesfi·(jin !114211'11'el·:3 and f I·o m the 13~j:11·(1of Education ....................... Sri.28 5,613.28
5/21/56 Standard & Poor's Corp.Investin,·nt- counseling from 6/10/56 to
6/10/57 4,000.006/IS/56 Kirkl:ind, Fleining. Green, Martin & Ellis:
Legal services froni 12/18/55 to 6/13/56......... 2,500.00
$2,1,2SS.24
Refunds and Death BenefitsThe committee reported that documents pertaining to claims for refunds anddeath benefits for persons li~ted herewith were examined and verified. Ap-plications for refunds a/c resignation were macie by persons who are nolonger employed as teachers by the Board of Education. Application forrefund of contributions for widow's pension was made by a person who wasnot entitled to such benefit at the time of his retirement. Claims for refundsof contributions and for benefits payable on death of teachers and pensionerswere determined after certifying dates of death and establishing properevidence for each beneficiary, administrator or executor. The committeerecommended, therefore, that refunds and death benefits be granted for personslisted herewith in the amounts specified.
The committee reported further that other refunds to contributors, listedherein, were paid at the time rel)orts on audits of such contributors' accountswere submitted. In each case, the refunds were clue to changes in rates ofcontribution for creditable service or to other required adjustments in theapplication of automatic increases in rates of contribution by the Board ofEducation. It was recommended that the payment of these refunds be con-firn1ed and approved.
Refund,1 n/(· Ite#cignntion:Aidem, Roberta D, ..... .$ 198.00Anderson, Florence M. 172.00Benaroya, Helen E. 281.50Bohrod. Ttlithie B..... 16·LOOBre:tult, Arlene C...... 1,257.72
Ilronstein, Blanche ..... 1114.84
Burke, Rosemary K... 3·17.1)8
June 15 95 1956
Refunds and Death Benefits pontint,cd)Itefund,6 n/c lirMignation: (,·,1/:f i/:11(,/)
Cappiello, Ann D. $ 908.10831.50Crou>ie. Wand:l ...........
1-ji·Konn, M:ircia Hoss . 75 1.64:i::1).00Elliott, 1·,divard C. .............
Fo;rler. Man· A. U.... ......61:1>>4, Huth IL .............. 1 17.4(,
XI 6.76II:insen, Chester ]C.3:,0.45Hersh, 71:11·ili·n K. .......062.11:;Hieks. Doris W. ...........
Johnson, Jame, W. .1 n .... 45.0Kell n JI:1(101.ilie 13. ........ 109.00
272.SOK leiti, 1;etty .1 c,y .........6 ().00Lambert, 1.Nitrleia J. .....
Miller, Irma TV.Miller, Judith T. 216.41Oberlander, Je:rm·llc L. 6(12.0014-,koff, George .1. ......... l;:'. 7 6l'uterson, Jo:111 1.. ......... 363.00Han .intonio, J<,sei,hiri,· 1'. 467.51Sehz'.211111, 1\1:un- M. ......... lt'0.60Scott. Mai·ie M. ........~.~. 111.50
Slowinski, Carol Ann ........Teitell).ium, 1:Oberl:i L. ... 172.15Wasserman, .hidith .... ·106.Sp $12.::-13.04
Refund of Contribution.6 f,ir n /(1,). '.4 1'111<i„!1to Per,40,1 Not 1·:,atitlt•cl t„ 5 114•11 lic.lic·lit:
Price, Ch,lrles B. .................... ..$ 179.00 179.00
Iteftic]{IM of :14•€·illitilit,·41 C.wiril,Iition. nia ]),·:11|i:Buckley, 11:21·411·et M. (.1/m·,/ J. 1;11(·A·h·.u. bi·,ic/ic·iuu·//)...$ 3,56·1.42Eddington, Mary B, ((i,·,1,·1·i,·re _\'Obh·. 1„·/1,·/h·ia,r/) ..... :;,176.30I , indeborg . Edith D . ( J, illi{~11 E (' i N (' r . 2 . 772 . 86 *AteCormick, Peal·l 1\I. (li'<111,·ixect U. .lie('orm ft·A·.
2,601.GiMyers , Mary ] C . ( Cceilici / 1 . .11 .1 /tu (ind Mar,mret '1'. Myers ,
2,911.66Sheridan , Guineverr 13 . ( Hth ' ll .MurN lic~lin unt[ J:(,bert
3,660.70Smith , I-Ielen 1-I . (,/ ohn n , Smith , heir) ................ 3 , 7 40. 25 22 . 728 . 03
Single I':lyntent Henelit on Death (,f '1'eneher,4:Bud:ley, Margairt M. (.1/,11·.1/ ./. 1;u i·/./ct/, 1„ it ,/i,·ic//·//) ...6 2,500.00Eddington, Mary 13. ((:rucricn' A-oblc·, cidmini:trafor)... 2,500.00Kenney, Mary L. (/''i·um·,·H .1/. 16·1111(·1/ fin,/ i.orctt,i .1/.
Ac,incy, bcm'/icim'ic'N) 2,500.00Kierland, M.ittie E. (/)(11·id I·'. 1.(i 11 511,1 11,/.v, in/mini.':trutrug 2,500.00MeCormick , Pearl M . ( 14 ,-(111. in · a 1 /. McCur mb k .
bcncticici;·J/) 2,500.00Myers , Mary 1 ( Cceihia 11 ..1 /,uci ·.f und UMUme 'l '. Mlfc )-8 ,
bcne/leia,·ic,sj 2,500.00Shericlan , Guinevel· e 11 . ( lle' le , 2 . lf ,z ,·,/ 1 / c// 61 ,:,i , 1 1 ,(ibi 'rt
E. Bui·,18, beneficiaries) 2,500.00Smith , Helen H . (John B . Smith, heir ) .... I . . 2 , 500 . 00 20 , 000 . 00
Single I'zlyment Ilenellt on Death ~,f Te:wher-I'enxic,ner,:Lindeborg, Edith D . ( Lillicm Keiscr, bencticiary) ...... $ 500 . 00Merry , Nina. A . ( Clifton H . Mci· rlf , lienctictici )· 11 ) ......... 500 . 00Stevenson , Nora B. ( F ,·cdcrick W . Afc·Xcill and Nobc ,·t B .
McXeiN, beneticiarica) 500.00Taylor , Gertrude 12 . ( Prut: Anna Sinith , beneficia :- u ) .... 500 . 00 2 . 000 . 00
'Annuitant
June 15 96 1956
Refunds and Death Benefits ((.0 ?ttint,cd)
It«fI] 11(1 (,f C,)Iltril)11114),1% for Ker.iri· in I·'.)1'4'44 (,f ·li Yrilr,4in th,· Anaounl .\ptilicable :i~ zin ()11.•.rt t«, the 1)click·ney 1-orher, ire I'ri,ir ki.hil,· 11)11:
Lodge, Edna ................... ..................$ S.GO $ 3.60
Refini<]M :1/e Adj,1,41„ient,4 in HilteM of Contrilititiong:
Ack,·rman, I·'lorene,· 13. . 5 0.87Anderson, 1-'hyllic 1:. ................~~~...... 1.50Al·nott, Gec,rcr,· A 61.36Barb:tro, Anthony .T. 68.70}30(rvar, C; 1-:we K. 56.00Bond:, Margar,·t T. 1·17.80
115.25..27.00
('lirist<,1,11. 11:i!·:.· .Tnne 58.25D:ilt,m, Calhorine M. ......................... 157.00I):itigherty, Louise G. ...................... 17.50D:ivis. 13<·ssi,· M. .... 82.05
7.75ID,·rr, Gilbert S..... 102.18
29.46Don:ihoo, I-Inrry J, 36.00]Crans, Ch:lyles; A., Jn ...................... 49.00ICv:ins, I.oonne S........................... 42.55Farley, 11:0·-· A 27.00
6.50Fowler, Thelma A. 33.101·'r,·r·clin:,11, Albert 7.00
40.50Goodridge, George E. ...................... 2.SO
GB.25Granzin, Marion A. .......................... 1.00
4.00I-Iackett, John J. 132.00Harrison, Doris; S. ........................ 80.20Heffernan, Therese IC........................ 11.00LIeyse, Paul S. ...........················· 178.25Howard. Katharinc L. .................... 171.10Isfiric, Margarethe 26.50.Tonks, Annette M.......... .............. 198.50Larsen, Solvei;.r P 2.00
12.00Lee, Claire E. ............................. 23.43Lovett, ]Clinor A ............................ 4.00Lonerg:in, Frances R. ...................... 54.00Lyles, Kenneth 31.50Mahoney, Alice K. ....-···················· 11.20McCar·thz, Eileen .......................... 50.40Migliorisi, E. S. 44.00Miller, M:trina I. ........................... 1.75Monarque. I,Mis J 160.SO,Nolan, Mila V. 40.00O Brien, Kathil·n E. ....................... 5.00O'Connor, I,ouise n, 55.00O'Malley, Norinne (L 7.13O'Shen, Mary F. 105.50
1956June 15
97
Refunds and Death Benefts ( Co 'Ztii , lied )
ReftindM n/C .idjtlvit~„.IUM in Itate,4 Of Contril,iltic,1,6: (c·„i: tii:N,-,I )
Papciak, 1Cdward ................$ 13.17
Per-tzon·, I·h·elyn C. .... 36.0011.ice, Alma R. 15.50113·:213, 11:,trieia M. ..... 28.05Sacc·011):inno, Mary I.. .. 223.50
Schroeder, ITarriet .... 1.70Sherelent:o, Edith .\. 151.·18Smith. Florence I-I. .... 101.18Sullivan, .1:inet M..... 96.95Sullivan, Mar>· I.nuise . 31·1.82Von Albacle, Mitz·iel K..... 1.75
21.SOWallm:in, Ethel C. M. 127.50Iveishorir, Chesna C.... 1.00Wl·lin, Carl G. 65.00Trhitc. 1;1.in,·11.1 JI. .... 4.00Williams, Mayme 1'. 1.50 5 3,921.53
$61.175.20
On motion by Mrs. Light, seconded by JIiss Taggart, the foregoing reportsand recominendations of the committee were approved. Expenditures for thereimbursement of the contingent account and for the payment of bills, refundsand death benefits were authorized and confirmed for each account shownabove by the following roll-call vote :
Ayes-Miss Scully, Mrs. Light, Mrs. Johnsen, Miss Taggart, Mi·. Meierdierks,Miss Burns-6. Nays-None.
Issuance of Duplicate Warrants
The committee reported that the persons named below requested duplicatewarrants in lieu of the following described checks which were received andlost. Affidavits certifying these losses and in each case indemnifying theFund against any liability, damage or expense which may result by reason ofissuing such duplicate warrants were submitted also. The committee recom-mended that warrants be issued to the persons named below in the amountsindicated.
-Nnine Amount Number Dnte Plirpome
Kerns, Amies F...... $100.00 286776 2/29/56 Pension p'u'nientMines, Lucy........~.. 138.36 297269 1/30/56 Pension imr'!nentMit·rielees, Ruchiel .,. 141.67 247459 2/29/56 Pension Im>'mentTVolfruin, Stanley A, 220.44 294051 3/30/56 Pension I)Lib·illent
On motion by Airs. Light, seconded by Miss Taggart, the recommendationof the committee was approved and the warrants were ordered drawn by thefollowing roll-call vote:
Ayes-Miss Scully, Mrs. Light, Mrs. Johnsen, Miss Taggart, Mr. Meierdierks,Miss Burns-6. Nays-None.
June 15 98 1956
Order for Purchase of BondsThe committee on finance reported that it had examined the offerings ofsecurities cle:cril,oil herein, and recommencled (1) that they lie acquired atthe prices noted plus accrued interest, (2) that they be registered as toprincipal, (3) that the municipal bonds he accompanied by an approvinglegal opinion, ancl (·1) th:it the executive secretary proceed with theirpurchase.
X inount Dexcrilition of Mond,4 Dnte of 1111 te 2, r ToC I':ir ~ :111(·) Nnme or Firin IMMue Mtit,iriti· Yield
$100,000 St:iziff,·r· Clrmic:11 Co., 3- 6'; 9/15/53 9/15/72 :1.65 9Di·h,·ntur,·sS:ilinnon I.ros. & }Itttz-1,·r
100,000 Southern Pacific Co., 3 1,6 '; E,quipment 5/1/56 5/1/66 3.·15':Trust ('··1·tific·:it,·:, S,·t·i,·, '1"1'Sal„ini,1, 1,1·0:. & 111117.1,·I
100,000 Northern I".icific Railway, 31,69 7/12/56 7/12/68 ...50/:Equipmont Trust Cc:i·tifir"it,·s, 2,id SeriesSal(,mon 131·0>:. & 1Illtz.1,·r
50,000 Cook Co., Ill.. Cnnimunity I.I.S.D. #218, 4/1/56 12/1/72/68-69 3.00%Blue Tyl:Inc]. 3 1,9 r; School Bldg.nobert Vicl: & Co.
30,000 Cook Co.,Ill., S.D.*57, Mt. Prospect, 6/1/56 12/1/73-74 3.05%314 9 Sch(„,1 IJWT. 3.10%'1:obert. Vick .9 Co.
100,000 Cook Co., Ill.. Villag,· of 1·:lizin·r,od 1':irk, 7/1/56 3/1/75-76 3.15¢~;31/6'; St rer#t Liclitinu· & Irnprov,·Int·nt11,·Di) tig:71 :in,1 (3,11,1(1ii, lric.
135.000 Cook Or),, Ill,, Non·idge Park Dist., 6/1/56 1/1/GB-76 3.10%9.15%Ch:inner Se,-uritir. M Co.
SO,000 Vermilion Co., TH., Newton·n 4/1/56 12/1/70-75 3.1095Consolidated S.D. 23109, :H; School 131*r. 3.15,9
Ban·u>i, Kindrod & Co.
125,000 Cook Co., 111., S.Ii. #105,3 14% and 4/1/56 4/1/72, 74 3.05%31,4 (,6 School I:„ticls 3.10%
M. 13. Vick & Co.
120,000 Cook Co., Ill., S.D. #71, Lincoliwood, 1/1/56 3/1/76/75-76 3.05(539, :ind 314 '; School I:Id/:.
Stifel, Xicolaux & CO.B: L 1 l in a n & M :i i n
Upon a motion by Mrs. Light, seconded by Mr. Meierdierks, the above de.scribed bonds were ordered plirchased ancl the executive secretary wasauthorized to proceed in accordance therewith, by the following roll-call vote:
Ayes-Miss Scully, Mrs. Light, ]\'Irs. Johnson, AIr. Meierdierks, Miss Taggart,Miss Burns-6. Nays-None.
Juric 15 99 1956
Purchase of Bonds Confirmed
The conimittee on finance reported that, in a mail vote prior to the date of
this meeting, the purchase of the following described bonds was approved
on the yield basis noted plus accrued interest. The committee recommended
that the purchase of these bonds be confirmed and that they be registered
as to principal.
Xitiolint Deferilition of 11(indm Dnte of Date of To
(1'ir 1-:11.0 N„Ine „r Firm IMMUe ~ :it,trity Yield
$100,000 Genet·:21 Flectile Conili:rny, 3 1,6 0 5/1/56 5/1/76 3.354
Debent,11·ussS:llomon 131·os. & I-Izitzlor
100 . 000 Northern Illinois Cms Comt ):iny , 3 5 % ·1 / 1 / 56 4 / 1 / Sl 3 . 700
First MortgageStifel, ricol:nis & Co.. Inc.
100,000 Del:nvare, Lack:rwanna & n-est,·rn 5/15/56 5/15/66, 69 3.759:Railroad Co.. :Fi G EquipmentTrust CGI tificates, Series X
Salomon Bros. & Hutzler
100,000 3% Set·itil 1Cquiliment Trust CertificatesChesapcake, :ind Ohio Railw:Ly Co., 2/20/56 2/20/67 3.40F
Salomon Bros. & I-lutz.ki·
100.000 Equipment Trust Cortilleates, Series I·'1·'Pennsylvania Railroad Co., 31,25 4/1/56 10/1/66 3.40;5
Salotnon Bros. & Hutzler
100,000 United States Steel Corporation. 8/1/54 S/1/64 3.375m2.65% Ser-int Del)entures
Salomon El·os. & IIutzler
On motion by Mrs. Light, seconded by Mr. Meierdierks, the above transactions
were approved and confirmed by the following roll-call vote:
Ayes-Miss Scully, Mrs. Light, Mrs. Johnsen, ~Iiss Taggart, Air. Meierdierks,
Miss Burns-6. Nays-None.
Audit for Fiscal Year Ending August 31, 1956On motion by Mrs. Light, seconded by ~Iiss Burns, the board authorizedthe firm of Peat, Marwick, Mitchell & Company, certified public accountants,to make an audit of the accounts ancl records of the Pension Fund for thefiscal year ending August 31, 1956, by the following roll-call vote:
Ayes-Miss Scully, Mr. Meierdierks, Mrs. Light, AIrs. Jolinsen, Miss Taggart,Miss Burns-6. Nays-None,
,-,y '1 1
Junt 15 100 1956
REPORT OF COMMITTEE ON ANNUITIESAND CREDENTIALS
PensionsThe committee reported that applications for pensions were presented forpersons, hereinafter listed, with the recommendation that the pensions heapproved and granted in the amounts and under the conditions set forthherewith. In the case of each applicant for service or disability retirementpension, the employment of the teacher had terminated officially, the legallyprescribed minimum years of teaching service were completed, and require-ments with respect to age (if applicable) were fulfilled. The applicant fordisability pension was declared by three competent physicians to be sufferingfrom a disability which wholly and presumably permanently incapacitates herfor teaching. The applicants for wi(lows' pensions furnished proper evidenceof their rights to receive such pensions.
Member'.4 School Service To Anni,nlor Yr,4. 1,Z,(r 1'711MlonVame of Tencher Member'M St:IltiM MON. DllyM Fron, Rnte
Optional Serric,. 14'tirrinent Pensions6171 13:11-11(:tt, Olive H.......Nob,·1 .........,...82-4-18 1/22/56 $2.129.0.1S q G S Broughton, Mary H....b>v ...............26-8-0 6/25/55 2,141.40SPOS Cr:Le'ener, I·Ielen ......r-:Iricit·i·i„1,·1 ........27-S..19 2/27/56 1.26,1.GO<999 Di·Er,ker, Mnry .......1:111·.('hild Study ...29-1-10 3/21/56 2,454.76! I f 1 0 0 brennan, Christine D...Howen ITigh .......27-4-10 4/ 4/56 1,989.129001 Frelich, Frank J......St,·inin,·tz ]-Ii;rh ....26-5-10 5/ 1/56 2,239.569002 Gr,·Arg, Bernice«P......Hulliz·:in lfigh .....",0-5-0 4/ 7/56 2,543.769003 Klati. Adr,lph G. .......'P:n·lor Voc, .......36-1-0 3/14/56 2,833.929004 Meri:el, Edrno E. ...... Crane High .......33-7-0 5/26/56 2,732.2 S9005 Miller, Edna I.I. ....... 1:c~„ser·(·lt High ....38-3-10 6/ 9/56 3,193.44'1006 INLeker. Clarence E. ...I,:ine '1';,c·1~. High . .20-0-10 4/21/56 1,671.849019 Riley, ILarriett F......Christopher ........11-0-0 6/2/56 3,403. SO9007 Roherts, Arary F.......C,ililmet Hiuh .....35-3-0 12/ 2/56 2,440.329008 Itossman, Frances I.I...Hurley ............36-7-0 1/12/56 2,982.129 00 9 H:unuelson, Anna S.....F:7]coner ...........78-6-10 3/20/56 3,094.56'010 WinkleSS, 1':Lill E......1:(nven 110:h.......35-3-10 5/12/56 2,701.68
Compulsory Serrice Retirement /' f' F,Si„„ s
9011 Ad:th·, Sylvances E.....Harrison High .....36-0-0 5/26/56 2,999.04•9012 Bulger, K:Lthlyn AI.....W:id<worth .......·1(;-7-10 5/26/56 3.711.36*)013 Gay, I-Inzel B.......... Englewood High...40-6-10 4/27/56 3,349.32'101·1 II:u·kins, Alario. R...... 1•',}1't·Irl;,Ii I-Iigh .....·12-8-0 4/14/56 3.516.124015 Locile, 12(in:L ..........V,in T-li.:irigen .....15-0-2 5/26/56 3,711.36*7637 JIc:Givern, Lucy C......Lewis ............. 43-S-19 4/14/56 3.269.52*9016 Olney, Edna B.........Dixon ...,........42-7-0 4/27/56 3,510.GO9017 Pr·ice, Ch:,rlps B. .,....1-':n·ker Ifir,h ...... 27-2-0 11/26/55 2.229.24*J 018 Zzitz , Waldernar . ...... 7 ' tiley High ........·12 - 1 - 0 4/ 6/56 3 ,·151 . 20 *•I·:mciritult teric:lic:r ,·(:tired uft¢·)- ri'-cm;)1(,innrnf irn n ¢(Mi,(,).it'.11 6(1>;28.
Junc 15 101 1956
Pensions (,·„ ntinticd )
Mc.!Mlier'M Achi)(,1 Ker,·ier i'" Annualor 1 r.4. 1):lti. 1'*,113 ic,n
:,). Tnme of Te:wher ~1ۥinlier'. Stlit 11~4 11(,3. 1):,3 4 ler(,1,1 lizile
/)iNability /'i·rishm
D-156 Renda, Blanche JI. ....Gar>· ..............22-3-10 6/15/56 $1,593.60
Wid„,rs' Perisiorig
WT-21 Bale, Ven/4 N. ................~........ -9-10 6/ 1/56 1,2ls.16(Hi(!01(' (,f 11*,"ti'l- IC. 1&(11,·. te·(ic·lter)
WT-22 Conklin, Andrin· R. ......................29-·1-0 4/14/56 595.20(Widour Id Nobert D. Con?.lin. tetit·lic,·)
On motion by Mrs. Johnsen, seconded by Miss Taggart, the recommendation ofthe committee was al)proved and the service retirement. clisability retirementand widows' pensions, listed above, were granted by the following roll-call vote:
Ayes-Miss Scully, Mrs. Light, Mrs. Johnson, Miss Taggart, Mr. Meierdierks,Miss Burns-6. Nays-None.
Sununary of Pensions Granted
01)tion:11 sel·vier retirrinent pensions......16
Compulsory :*r·vice retirement pension.... 9Disability retirement Iwn:ion .............1
Tr'idows' pensions ........................2
Appointment of Physicians
The committee on annuities and credentials reported (1) that there is adifference of opinion among the physicians who examined Mrs, Ruth C. W.Brandenburg, an applicant for disability retirement pension, and (2) thatthe applicant has requested a re-examination. Under these circumstances,the committee recommended that Dr. Virginia Tai·low of 670 N. MichiganAvenue, Chicago, Ill. and Dr. Charles Congdon of 6 N. Michigan Avenue,Chicago, Ill., be appointed to re-examine I\Irs. Brandenburg.
On motion by Mrs. Johnsen, seconded by Mr. Meierclierks, the recommendationof the committee was approved unanimously and the above mentioned physi-cians were duly appointed to examine Mrs. Ruth C. Brandenburg.
June 15 102 1956
Cancellation of Pension
The committee reported that the following pensioner has been re-employedas a teacher by the Boird of Education. Pur:uant to the law, the committeerecommended that pension of the person, hereinafter listed, be cancelled asof the efTective date of re-employment.
Rate of 1)111(·Nzin, e Pendon Re-emlihiyed
Grashoff, I-larry J. .$SOO.04... .4/16/56
On motion by Mrs. Johnsen, seconded by Mr. Meierdierks, pension for theperson listed above was ordered cancelled on the date indicated by thefollowing roll-call vote:
Ayes-Miss Scully, Mrs. Light, Airs. Johnsen, Miss Taggai·t, Mr. Meierdierks,Miss Burns-6. Nays-None.
Outside Time and Military Service
The committee on annuities and credentials reported that aflidavits or otherevidence, attesting to or certifying (1) service in the public schools of theseveral states or in schools operated by or under the auspices of the UnitedStates outside of the City of Chicago; (2) time spent in the military serviceof the United States during the pension period; (3) employment as a civilservice librarian in the Chicago Public Schools or the City of Chicago; (4)service as a playground or recreational instructor for the City of Chicago orthe Chicago Park District; and (5) employment by the Chicago Board ofEducation as a school clerk are hereby presented for the persons hereinafterlisted with the recommendation that they be approved; provided that in thecase of outside teaching service no more than 10 years be credited and alsothat the last three-fifths of the term of service for which an annuity isgranted shall be in the public schools of the city.
Service Ser,·lee Credit,4rn,ne of MembM school (DeMerititi«i,0 (Yr,4. ~1,),4. Dily'0
Teaching Serrice iii Pul,lic Schools or Under Auspices of the U.S.
Andrews, Frederick D. ..Substitute .... ...Teaching .. 7-0-0Ballard, Murguerite T. .... Forestville ..... ...Teaching ..10-0-0prown, nuth Lee ....... ..ik·Ifiniey ..... ..Toaching .. 5-5-0Clifford, Minnie K. .... .Substitute ..... ....Tortching .. 3-5-0D:il·nell, TClizn.hoth W. . . ..T.E .. . . . . . . . .
0 . .Teac·hinj: ..10-0-0SFoley, Maxine AT...... ..~Tarsh:111 Elern. ..'reaching ... 9-0-0Huntor, Curtis A...... ..Chicago Voc. . . ...
-renching .. 0-6-0Krug, Esther ............... Substitute ... ... Teaching 3-0-0
Mc:Gee, France.1 II. .... ...Hirney ........ ..Tonchin;r .. 1-0-0
June 15 103 1956
Outside Time and Military Service , ,·o,;tintli.(f)
Service Service Credit,4
Nnine (if Wi·Inlier Schiwl (11<.~iriptic)11) Ch"rM. M,IN. 1):ly,0
Traching S<*rrier in Public Schools or Under Auspices of the U.S. i conti,18,1 3
P~ ic·li, Rrith JI. ....... ..Tr:iters ........... ·72vuhintr ,-0-0
Potempa, S>·lvester· J. ...Tri·ight Er. Jr. (-~01.....'th·:t,hinir 2-1-0
Siegel, Ose:tr .....-.. ...I,inzie ·······.........'1'9:iellitilr 1-0-0
Stout. Edna Mae .... . .Substitute ........ . 9-7-0're:lehinK
Sullivan, Daniel L. ... .... T.:En, To;h. Hitrh ..... .'reachitur 0-6-10
Twome>·, Joyeph T. . . ..I.:lke 'View I-Iigh ......'re:lchilr-r 1-0-0
W:l 11 7.Unir, Daniel .... ... .Substitute ...........7'e:whing 0-5-0
WillininM, IIi·len S. .... .. .Howland -re:whing 6-2-10
Williston, Irorace ...Chie:tgo Tea. Col. .....'t'caching 3-0-0
Military Sen·ier of th,• United Stntrs
Braasch, Robert J. ..Monteflore ...........Military 3-6-5
Koehler, IC:11·1 L. .W:lish ...............Military 1-0-0
Lonl:, Gladys M. ..Trright nr. Jr. Col......Military 1-9-0
Menride, Matt L. ..Chicago Ten. Col. .. .lrilit~Iry A-6-15
Moore, Richard J. . .Herd ............ . ... Nnlit;t '1- 2-0-0
Randall, Oscar ..,., ....DuSable High ........Milit:ivy 2-G-6
Employment in Other Chicago Gorernmental Units
Baker, Mary E. ......... ..Lincoln ..............School (-'lerk ......... 2-3-15
Bell, Jennic C. ......... ..(1:illistel ...........·· I:c·el·I,:itional I tistr. . 5-5-0
Bolton, Agnes M........ . Kohn ................Silint,1 Clerk
Butler, Ethel L. ....... .~(Cosh ..............54, hool Clerk ,....,... 3-7-0
Clarett, Kathryn E..,.. ... Cooper ............... School CIoi·k .... 1-9-15
Corrigan, Evelyn V.... - -Alt,reld ..............School Clerk.........1-9-15
Erst, Alice P. ........... Taft High ............ School Clerk . . 1-6-10Frank, Lolita J. ...,.... .Kelly I-Iigh ........... t.,ibrarian ............ 24-4-0
Get·nty, Catherine E. .Arnold .School Clerk .-/
Gilson, Henry F... ..Bur. of Spec. Services..Reerrational Instr. ... 1-5-0
Graham, Florence D. .,, .Calumet High .......School Clerk 2-6-14Hogan, Marie M. ..Morrill ,..............School Clerk .........11-5-0Hoke, Marjorie G. ..........Bowen High.........Librarian............19-3-10Hoi·,;chke, TValtri· G. -. . - Crane High ..........Recreational Instr.... 0-6-9Howard, M:Lry T. ...........Marquette ...........School Clerk ......... 2-1-10Imlay, Mal'j· O......-,,..~-. ICMmoncl ..............School Clerk........ 2-4-10Kilpatrick, Catherine .. ..Roosevelt High School Clerk ......... 0-4-0Lal);lnt..Tolin.......... ...T,incll,lonilfigh....... 12(·c·i-i':,tional Tn:.tr.... 1-9-10t,:,b:int, William . - ..~- . TAne Tech. I·ligh ......1:percuitiontil Instr. ... 3-0-0Lawson, Elizabeth H. . . ..1311Sal)le 1-Iigh ........School Clerk ......... 3-1-2Manasin, Alfred H .......... T.ane Tech. High ...... Recreational Instr.... 2-0-0Manasin, Florence A. . ...Anizindsen IIigh ...... 1:ect·rational Itistr. ... 7-8-17Manny, Zit:l M. ........ ..Arnold .............. .School Clerk ......... 1-8-9Mai·itt:H, Lillian A. ...... .Bur. Child Study ......School Clerk ......... 1-8-0Mnser, Robert W. ........... Ivells High ........... 1:rel·eational Instr. ... 5-1-0MeManus, Mary F. -- ..Div. of Libraries ......T.il,t:irian ........ ~,,, 9-0-0MeNicholas, Veronica .......Sullivan Ele.m. .......S,·hoot Clerl: ......... 2-6-3Murphey, Ethel I........ Lindblom I-Iigh .......Recreational Instr. ... 7-3-15Murphy, Eva V. ... -* ..Kohn ................School Clerk ......... 2-3-0O'Connell, Frances C. . ....I. N. Thort) ...........School Clerk ......... 1-7-10Phee, Veronica A. .......... T )ante .......... .....School Clerk ......... 3-4-14Pritikin, Harry H ...... ...Bowen High ..........Rocreational Instr.... 6-8-4Rolston. Helen D. ..~- -Hanson Park.........Playgrouncl Instr. ...,14-1-10
June 13 104 1956
Outside Time and Military Service ((·,) 11 ( i ,11 ( f < 1 )
Service Ser,·irc· Creilit,4A-:Ime of Men,])(.r S ch,)01 (De,4rrilitiOn) (YrM. M (,4. 11:,3-4,
Eniploynrent in Other Chicago Gori.rnnicntal Units (r<,ntinucd)S,·linger, Refiin:L ...........St,·inm,·tz. HiL:]1 ....... I'l:, i·Ki·ound In:tr..... 0-7-15Stan,·14 Mildred S...........Ii:t!'1),·r High .........ize,·rentional Instr ... 1-5-17Sullivan, Anna Rita . ....... Haniliti,n ............>4~·honl ('l,·rk ......... 2-2-10Sutherland, .Tulia 13. Ap·:trnliic,n .... -......5:chi„,1 Clerk ......... 1-5-0Hweet, Charlos 'W............\11>:tiri Hir,h ..........1:1'('15:itional Instr.... 4-0-0Tw,·edie, Dick Mr,rir:in P:Llk Iligh...11,·cre:,tional Instr. ...1-S-0Wiltshire, Ralph ...........Houth Shor<· Irigh.... 1'181·grolind Insti·. ....1-2-17Young. J:ine L.............. Marshall High .......1:,·creational Instr. 1-5-5
On motion by Mrs. Johnsen, seconded by AIr. Meierdierks, the outside timeand military service for the persons listed were approved by the followingroll-call vote:
Ayes-Miss Scully, Mrs. I,ight, Mrs. Johnson, Miss Taggart, Mr. Meierdierks,Miss Burns-6. Nays-None.
Revision of Outside Time CreditsThe committee on annuities and credentials reported that for the personsnamed below teaching service in the public schools outside Chicago was ap-proved previously. The records of the Board of Education show that theoutside time was rendered concurrently with teaching service in the ChicagoPublic Schools. In order to eliminate such over-lapping credits for outsidetime and Chicago teaching service, the committee recominended that theoutside time be reduced to the amount shown below; thal contributions there-for be adjusted; and that the records of the Fund be changed accordingly.
ReVIMed 0111#41/cNnme Distem of 011(Mide Time Time Credit,4Farley, Marv X..............Sept. 19·15 N, M:ir 11)·17 1-8-0
(On.Junc 20, 19·57, tlie Boai·,1 rd '1'1·uxtri'x fli,p,·(n·('d 111'ur anti 4 m(intli8)
Sanderson, Judith IC. ..........S,·pt. 111:IS to Mny 19·15 6-:)-0(On Sept. 21. 1915, the 11„,Ird of '1'1·usterst ul)1)rort:4 7 11((1)·8)
On motion by Mrs. Johnson, seconded by Mr. Meierdierks, the recommenda-tions of the committee were approved unanimously and the above-describedrevision of outside time credits was duly authorized.
June 15 105 1956
MISCELLANEOUS BUSINESSMicroflming of Records
The executive secretary reported that the following notice of intent to micro-film records of the Fund was posted in the pension oilice on May 15, 1956,and that no ohjections were filed. Accordingly, it was recommended thatrecords specified therein be reproduced on microfilm and then destroyed.
NOTICE OF INTENT TO MICROFILM DOCUMENTS"The executive secretary rel)orts that the Illinois Statutes (Par.31-34, Chapter 116, Illinois Revised Statutes 1955) authorize thereproduction on film of public records, papers and documents of anypolitical subdivision of the State, provide that such reproduction onfilm shall be deemed to be the original records for all purposes and,whelievel· sulch reproductions :ire placed in conveniently accessiblefiles, authorize the destruction of those original records which havebeen on file for at least ten years. Pursuant to the terms of thisstatute, it is proposed (a) that the following listed original records,papers and documents be reproduced on film:
1. Records of pension payroils dated 1896 through 1945,
2. Personal records of pensioners whose deaths occurredfrom 1896 through 1945,
3. Records of teachers' contributions by salary deductionsdated 1896 through 1919,
4. Records of contributors' outside time credits approvedby the Board of Trustees from 1921 through 1945,
5. Personal records of contributors whose deaths occurredfrom 1896 through 1945,
6. Documents pertaining to the ofticial meetings of theBoard of Trustees dated 1895 through 1945,
and (b) that, subject to the prior approval of the Board of Trustees,the above listed records which have been on file ten years or longer1,0 destroyed (after having been reproduced on film). In accordancewith the statute, a copy of this report is cizily filed and posted iii thepension Oflice on May 15, 1956.
The executive secretary recommends that the Board of Trusteesconsider this proposal and any objections thereto at its regularmeeting to be held on June 15, 1956, and also that after such con-sideration the trustees authorize the reproduction on film of the aboveenumerated records and documents and then their destruction,
The reason for this recommendation is that expensive storage for theoriginal records, papers, and documents may be saved if they are
June 15 106 1956
reproduced on film in the manner authorized by law, and also thatthrough duplication of niicrofilin, added security for permanentrecords may be provided."
On motion by Miss Taggart, seconded by JIr. Meierdierks, the microfilmingand destruction of the above described records was approved and the executivesecretary was ordered to proceed with all arrangements therefor by thefollowing roll-call vote:
Ayes-Miss Scully, :\Irs. Light, lIrs. Johnsen, Miss Taggart, :\Ir. Moierdierks,1Iiss Burns-6. Nays-None.
Appointment of AttorneysOn motion by Miss Taggart, seconded by I\Ir. Meierdierks, the firm ofKirkland, Fleming, Green, Martin & Ellis was reappointed as attorneys forthe Board of Trustees for one year beginning on the date of this meetingand under an arrangement that the fees for their services shall be presentedand paid quarterly. This motion was approved by the following roll-call vote:
Ayes-Miss Scully, i\Irs. Light, Mrs. Johnson, Miss Taggart, Mr. Meierdierks,1\Iiss Burns-6. Nays-None.
REPORT OF COMMITTEE ON PENSION LAW AND RULESDisposition of Election Material
The committee on pension law and rules reported that ballots and materialsused in the 1955 election of trustees were carefully preserved for more thansix months, that they were no longer of use for any future election and thatthey were not required as evidence for proceedings in any court. Therefore,the committee recommended that they be destroyed.
On motion by Miss Taggart, secon(led by Mr. Meierdierks, the recommenda-tion of this committee was approved, the election materials were ordereddestroyed and the report of the committee was ordered printed in the pro-ceedings of this meeting.
ADJOURNMENTOn motion by Miss Burns, seconded by Mr. Meierdierks, the meeting adjournedto meet at the call of the Secretary.
dle,U Cw~,-~*/Recording Secretary.
Scrtc:1113(1 7. 107 1956
REPORT OF TIIE PROCEED-iNGS
OF THE
Board of Trustees
OF THE
Public School Teacher's Pension andRetirement Fund, City of Chicago
An adjozirtied regular meeting of the Board of Trustees of the Public SchoolTeachers' Pension and Retirement Fund was held Friday, September 7, 1956.The President, Miss Scully, called the meeting to order at 4:00 P.JI.
Miss Ethel Burns, recording secretary, was absent. Therefore, Miss Helen E.Taggart was appointed by the president to act as secretary.
ROLL CALLPresent : Miss Scully, Mrs. Light, Absent: Miss Burns, AIr. Whiston,Miss Taggart, Mr. Meierdierks, Mrs. Mr. Haggerty, Air. Marshall---1. (Mr.Johnsen-5. Whiston's absence was due to an
engagement away from the City.)
Set,te in],-·r 7, 108 1956
REPORT OF COMMITTEE ON FINANCE
Purchase of Bonds Confirmed
The committee on finance repoi·ted th:it, iii a mail vote prioi· to the date ofthis meeting, the purchase of the following described securities was approvedon the yield basis noted plus acci·ue(1 interest. The committee reconiniendedthat the purchas:e of these securities be confii·med, that they be registeredas to principal, and that the miznicipal bonds be accompanied by an approvinglegal opinion.
.imount Dew«·ritition of Bond,; Date of I)nte of To(1':ar 1-ziltic·) NNIne or Firm Il'lle ~Illittirlly Yield
5 65,000 C,jok Co., Ill., City of Par·k I,idge, 3 18 ~ 1/1/56 1/1/72 3.00%35,000 Lil)1':tly & W:itt·rwor·ks Imi)1'1}1~ement 1/1/74 3.05%
1•'in:t Nation:11 H.ink (if Chic:tgo
100 , 000 Cook 0,1 ., Ill .. 5 -: ch <, c , 1 Dist . * GS 1 /1 / 56 12 / 1 / 75 / 70 - 74 3 . 15 ' 6(Skokie) Z.-1/)'; Sch„4,1 131,1%.
H":ilter M. Kelleli,·r & Co.
70,000 Conk CO., Ill., Commirnit>· II.S.D. -218 4/1/56 12/1/72/GS-70 3.1006(Blit,· Isl:inci) .; 4 9 School 1:lclg.
1:obert Show,·/-4
100,000 Cor,k Co., Ill., Village of Xorthin·()ok 7/1/56 1/1/73-76 3.10%";,1 '; V: 11-i „u>4 1 'zil·pose C;.0.
M. 13. Vic-·k & Co.
100,000 Cook Co., Ill.. C„,isolicl:Lted H.S.D. #230 7/1/56 12/1/71, 73-7.1 3.10,9(01-1:111(1 1 'k. & I ':,1 c )54 1 'k.) :11,A 52, School Blclk.
M. li. Vick & ('o.
100,000 -Will Co., 111., Cont,nunity S.D. #201-U 7/1/56 1/1/72-76 3.20",(Cret,·-11(,rit·i.) :HA'; 34<:ho<,1 Bonds
Layw·ge & Wyumit Co.
100 , 000 Cook Co ., Ill ., 7 ' 110rnton Township 1 /1 /56 12 / 1 / 75 / 72 - 75 3 . 20 #H.S.D. #205 (II:il·vey) 31,2,; School Site
Scott & Wy:iticit
60 , 000 rvill Co ., Ill ., Community I-I . S . D . * 210 7 / 1 / 56 7 / 1 / 71 - 76 3 . 40 %(Xew Lenox) 31,„f,; Funding ]3onds
Scott & Ng':indt
100,000 Cook Co., Ill.. Vill:u.re of Melrose S/1/56 1/1/71 3.40%Park, 31,6 ',2 Hewer Bonds
H. C. Speer & Sons Co.
100.000 ~Whirlt,O(11-Sroger Cori)., 31/691, Sink- 2/1/56 8/1/SO 3.61%ing 1•'111)(1 1-)*·1),·11tures
(;(31(liri:LIM, S,li.hs & 00.
100,000 Anwri,·:rn T,·let,lione & 'I'(·1(.irrili)11 Co- 7/1/56 7/1/90 3.73(,;3% c,.. Thirty-forir Year· 1 )(lienturex
1-1:ilsey, Stimrt & Co.
100 , 000 Superior Oil Co ., 39 ; % Debimtures 7 / 1 / 56 7/ 1 / 81 3 . 7516Reynolds & Co.Goldman, Sachs & Co.
100 , 000 Atlant : L Gas Light Co ., 4 % 7 /1 / 55 7 / 1 /Sl 3 . 90 ~ :First AIortgag·r 1.knids
12. S. Dick.on & Co.
100,000 Food Machinery und Chemical Cori}. 7/15/56 7/15/81 3.50%3,80% Sinking Fund Dpi,entures
I,chm:in 131'08.
100,000 Illinois C.'4:ntral Railroad Co.. 21,6;6 4/1/54 10/1/GO 3.85~6Ecillipment Trust Co]·title':ites
Salomon Bros. & 1-Intzler
1956September 7, 109
Purchase of Bonds Confirmed (c·,in tiii ut·(f)
:i "toi"'t De<pription (if 11(indN Ihite or Il:,tr „r ToC I':ar 1'111"I·) N:,ine of Firn, 1,4./IiI linturit. Yic,1,1
100,000 ('h:impion 1 ':iper :ind I•'ilit·r Co. 7/15/56 7/15/Sl 3.73 fr3 n': 9 /')~·1)t·Ilt wre:
Goldman. S:whs & Cn.Ii:11·1·inmn 1:iph·>· & Co.Jilion Collins & Co.
100.000 Missout·i 1':wille Hailroad Co., 3 -ir: S/15/56 S/13/69-70 3.75%1·iluipinent Trust Certiticates, Serics I
Saloinon Bres. & Hutzler
100 , 000 Jerbey Central Power & Light Co . SM / 56 S / 1 / SG 4 . 00 %44'; 171·st Mort;rage Hon(is
.Tzilion Collins & Co.
100,000 Ttiland Steel Cn„ 31,6'3, First 1Tort- 7/1/56 7/1/81 3.55%Mage 1-1„ncls, >4,·ries J.
The Illinois Co.
100,000 Union Electrie Co.. 34% 7/1/56 7/1/56 3.75%Fir·:t Mot·tg.,Re 11017(1<
Hal„mon Ilro:. & Hutzler1:. S. Dickson & Co.
On motion by Mrs. Light, seconded by Mr. Moierclierks, the above trans-actions were approved and confirmed by the following roll-call vote:
Ayes-Miss Scully, Miss Taggart, AIr. Meierilierks, Mis. Light, Mrs.Johnsen-5. Nays-None.
Order for Purchase of Bonds
Ofrerings of bonds of the United States and of districts in the State ofIllinois having the authority to levy taxes have been carefully appraised.The committee recommended, therefore, that the following securities beacquired at the prices noted plus accrued interest, that they be registeredas to principal, that the municipal bonds be accompanied by an approving· legalopinion, and that the executive secretary proceed with their purchase.
Amwmt Deveritition ~f nondM Date of Dnte of To(I'zar r:ilii{·) Namr (if Firm IMMue M nturity Yield
$ 100,000 Prociter & Gamble Co., 3%% Debentures 9/1/56 9/1/81 3.8750'4013:won, Whippli' & Co.I''arwell, Chal,mmin & CO.Goldman, S:ic'hs & Co.Julion Collins & Co.Kidder Po:11)(}cly & Co.Reynolds & Co.
61,000 I,nke Co., Ill., Community Consolidated 9/1/56 5/1/71-76 3.50 05S.D. #102, 395 (,; School Site & Blclg.
Ballinan & Main
On motion by Mrs. Light, seconded by Mr. Meierdierks, the above describedsecurities were ordered purchased and the executive secretary was authorizedto proceed in accordance therewith, by the following roll-call vote:
Ayes-Miss Scully, I\Tr. Meierdierks, Miss Taggart, Mrs. Light, Mrs.Johnsen-5. Nays-None.
SCI)temher 7. 110 19.36
ADJOURNMENT
On nvjtion by Mr. Meiercliei·ky. seconded by Mi·:. Johnsen, the nieetingadjourned to meet al the call of the Recording Secretary.
Helen E. TaggartSecretary Pro Tem.
September 21 111 1956
REPORT OF THE PROCEEDINGS
OF THE
Board of Trustees
OF THE
Public School Teachers' Pension andRetirement Fund, City of Chicago
Regular Meeting-Omcial Report
Friday, September 21, 1956
A regular meeting of the Board of Trustees of the Public School Teachers'pension and Retirement Fund was held Friday, September 21, 1956.
The President, Miss Scully, called the meeting to order at 2:00 P.M.
ROLL CALL APPROVAL OF MINUTESpresent: Miss Scully, Mrs. Light, On motion by Miss Burns, seeondedMrs. Johnsen, Miss Taggart, Mr. by Mr. Meierdierks, the minutes ofMeierdierks, Miss Burns-6. the regular meeting of June 15, 1056Absent: Mr. Marshall, Mr. Whiston and the adjourned meeting of Sep-
' tember 7, 1956 were approved asMr. Haggerty-3.printed.
Mr. Morris B. Sachs, City Treasurerand ex-officio member of the Board ofTrustees, was unable to be presentbut was represented by Mr. ThomasJ. Corrigan, Chief Clerk.
September 2 1 112 1936
REPORT OF FINANCIAL SECRETARY
Financial StatementMay 1.1456 through Aitgrist 31, 1956
Ii; 1:4'1'111·:N'l' .1(( 4)1'X'l'
Inic·.11,1,·itt.. 11:0 1. 14)51; :I: 1':,r i:ilit;1,2) 1.„/1,1>: „! th,· United >U:rt,·:4 :1!1,1 „1 111,· >41:it,· id
Illinuis :ind its .:111,(hvi:-lon....................6 26.12>;,2.17.5.11.>~6(I.lit,10.0(}
0-) Cili,·:tli, 1:„:ird i,f 1/111,·:111„11 1,4, t·tx ;intlcipa-tion Warr:int>t ....······· 100.00
Total ...... .. :?27"970,":17.51\,1,1
'r„tai inveyted ........... 3,·Ho,DAD.t){)1:„11,1:- 1,-lu'·:lilli·,1 1,>· 1·:liti„t· 1<. 1 L,„th t·<,>·,1 ... 4,000.0<) 3.111,000.00
:;1.;!12"; 17.5.11,•·,1,1,·t
1-:filifi>: 111:ittll·,·,1 ................... 28,6(„1.1„1X011-1·,·Mi>41,·1·:,1,1,· 1,1,n,1- p·turn,·d. 100,()00.00 128,54)0.0(1
1,11·(·vttll€·51(>~ -flaul,>~1 31. 11)5(; 11( 1':ir , alticc.i) 1~r,ii,]< „f th,· I'tiit,·,1 >~t:iti·.. :111,1 ~,1- t}t,· Ht:it,· t,f
Illin,,i>: ·,:1,1 its sul,divi.-i„ns..................327 513,1·17.61:t,750,000.00
(<') Chi,·:!7, |:„~ril of /·:rlit,·:iti„zi 6'; tax :mu,·ip:l-li./, /·.·:i/·/·:tnts . .. I . I . I . 1(1(Unt
1111·,•Atii,••Iii .1//01111(, .111;4'11+1 31. 11)5(; :li I':tr i-:ailit•. ..... $31,26:48·17.53.
]El·:(*1·:I,"1'>4 .\Xl, DI>4]1[ 1{MIC:,IEX'I'%
(.rnAll 11:11:1 1,~·~·. M :ly 1. 11):,(; 222.0 1 (i. 77(':t.11-city '1'1'en:111·elCa>:11-4'(,liting€.lit filli,1 4,9SK.(; 0 226,11119.37
lEi·:('1·:I 1 "I'S
1,194·>.tinent 'Il€of)!11(' 337,702.42Int.er,·st c·,1111„ill.: pr,•54/·tlt,·41 f„i· 1,:t~·Iii,·nt. .......
Ilitel·<·St. ilicome *in telll!)01·,Ii·> illt-,·Stnienth..... 6,8(,5.;11'1'.i, C „!li·(.tioll,~ lir:nitic.(1 1 0 (11~· 1•'11„(l
1.,·i·v fu,i· 1!)1* :in,1 pri„i·............ 8.078.72·· " 1414 .. ............ 4 14:i.!15
7.2/1.(1!)·· '· 1 4-,1 .. ... '1 !12!1.12
·· 17, t; 7 1.:; X30.7!/5.:/2
- 195,1 56,211.90- 1.-- . .... 5,143,248.20 5.2 62,363.31
C i itatrili[Iti¢,11:. hy 1':triii•ii):ini i (%111:try Ded,irtionN)
........... ..... .... 1.()18,769.·16Sub.titut,· teachers .......................~. 90.7.17.0()
1,9·16.51 1,111,162.1)7
C':,41 l':1 , me,il ~ to I·'11:1,1 1,3- 1':artic·iii:ati(+(:i) 1*'i,1· St·rvic·(· cilit:<icli· ('1110:114·(i. .... 24,41:6 .7:;<1,) 1·N,l· i·I·,·(litable ('hi<,iM„ sc}i·K-ice.. 1:~5,1,(11;,1)K(,·) 1.'„l· int,·1'€.st ..... .. ... ... 3.277.70 1 1,5,7'17.51
IN,ti,IM Ib·,1(·rined lit 1':ar J:,lur .............. 2>4 500.OIl14.1-IN·Ki.ter:114(- Iti).(14 H€(11,1-41--1»:ir 1,11ue. . . 1(lf),f)00.001 . 4. '1't..:,Kill, lEill. lEi·derin/,1 zi i (·i,KC .... . :;,2,KS.Ki)(I,·12
1
1930Sipicitil):r 21 11.;
Financial Statement Mic.cicii "r : ( rt),lti,ttled)
Mivrellialle(,11+C':1:11 ;,roc,·,·,is n·„m i·'lit,„1· K. It„i,thi·„y,i bequ,:t.. 6 7..\1.51
111(1.(1"(;itt 11·„111 1·:41:it,· i,t Killina C'. 1'.lill:t,11............|'1·4)4·pril, 1 1·(1111 51;11,• 01' Visil)1'• ttle. ... 111 0.0"k,•i!11|)111~>:,·Iii,·12[ fol· 1111,•:lt·tled 1,4·11>1„11 1,:ty!11,·lit.... .Ill.(Ii)( 17(·1:11111,·(1 p,·11 :it)11 and refunil ,·Ii,·,·1: s e:itic·.·11,·d.. 627.71;(Hit.tanding ('11,·,·1:N cane, ll,·cl....................Income t:ix withh,·1,1 f{,1· 1:11,·1· 1,:ty!11,·111......... 1.:to $ 9.2TS.52
7'„tal Rect·it,ts 11:1· 1, 1 '151; thi·„ligh AN;:ust 31. 1 11 61;.. 10.110.819.7%
Tot:il Receipts .ind Belrinning l;al:ince................. $10.5:;7.81(05
1)1%111 lt>41·'.MI·.)'1'K
it,·fillic!: „r ,14·111|ic'r.' (*„„tril,Ilti„Il., (1111. t(,
(,1) C'11:*11;res in l·.it,·>4 4,1- contrililition.. 7,551.11(1,) 15*1;411:ition i,f t,·:tchers......... , 12.:;1:;.01fc·) 1:41·iri<)11 Mt- cillt:Hh' tltilt· el·,·clits. ............. 11.00(d) Retil,·111,·111 0 f m.,11• te:icliers not ,·tititl,·d t„
179.0000 St·1-~~11·t· in,n<cess „f 15 ip:*......~. 21/.,14,).75
14•!,Min" :rnit iteneill 1':U·,11(1104
Gl·<):. 1'<.11:ion i.:'>-!11'•Itt>4:Herric·,· retin,ment ..... .$2,3<2,076.51Fis:,hil i t>· . . 4 5,7 3 1.56
. 9,761.·1(1Reversionary ..~...... 2,707.2,1
2,4,10.276.71I),·(lit'·t:
Blile ('1(w:-1:111,• Shield I,lemillinswithheld 51~633.90
2,388,642.81-1 cl (1:
15111,. CruM:-1:111r Shi,·ld pl·,·iliill!11:1),tid 51,638.02 2.4-10.280.83
De:,11, ]Ze'Wlit 1":tyiia('111>4Refunds of contribution><. --., -6."..Si„glo :11113 1),·134'fitH (,13 (10:ith in ser\·ire 20.BOO.00Single sum benefit. ($500) on (le:,th of
p e 11 s i 011 (, 2,000.00 -1-1,72S.(13 2.·185,0OS.St;
Admlitip•(riati,c· Expe„Ke
(:i) 1)1!1('(· K:El,//·14·4:26.100.33
Contrilitltion: for pension.. .,.... 1,916.51BIN,· 01·0:0-14111,• Hhi,·1,1 premillins
,r·ithhpicl 39 0. 05lm·„ine tax withheld....,..........i,v,,i.:,u
(1)) 1'1·(,f(*881()M:il BerVives:Actii:'21·ial-A. A. -\Tri·inl„~1·g,
(1/1.-4/:10/56) .............. 2.500.00.\11(liting--1 't•:it, Marwirk, Mitchell
.\11(lit- .>'1':ir "15·1-56..$4,806.00Man:Liremt·nt <'.untrols t Zi Q i· . . ........... 500.00Stzidy -of revision iiirecords :rnil 341]per-vision of ch:ing,·s... J../.-I .,.i,·i.'.2h
Bund advisol·r--Stand:ird & Poor'KCorn . ( f'/ 10 / 7,9 - 6 / 10 / 57 ) ········ 4,000.00
Legal-lihkl:ind, 1,7„111111;:. Green,M.,1-tin & Ellis (:;/19-G/IS/56).· 1,250.00Arpilic:,1 . 70.00 13,463.28
September 21 114 1956
Financial Statement DIESIHJRSI·:1IENTS (roittinucd)
(c) 1{ent--1 months .................... $ 1,602.00(d) Electricity ........................... 145.30(e) Telephone ....... 127.06
Tabulating service:Tenchers' contribution credits
by B. of E. ....................$ 2,164.8·1Actuarial statisticM . ............. 17.SOVension payroll................. 531.16Financial statistics.............. 255.78Ollice administration ............. 207.00 3,196.58
(g) Omce supplies .................... 1,046.88(h) Office equipment:
Venetian blinds and installation.. 207.36Fluorescent lights and installation 1,713.51Oflice Chairs ..................... 286.801 safe-de,k :ind 2 files, plus guides 1,401.403 safe-cal,inets, plus trays
and guides.................... 2,111.92Steel tr·ansfer cases. . 483.00Installation of cabinets and
Bteel shelving ................. 207.85Mise·* 11:014:Ous .................... 267.29 6,679.13
(i) I'rinting:()file·(· forrnM and supplies. ... 661.25Publications for contributors:
I'toe,·edings ..........$ 312.60Annual report........ 2,173.45Manzial of information 2,570.40 5,056.48 5,717.70
Cj ) l ' ostage .................................... 1 , 230 . 35(k) Cost of collection-bonds .ind interest......... 21.37(1) Blue Cros.-Blue Shield premiums............ 69.65(m) Convention expensps-M.F.O.A., National Con-
ferenee on Public Employees RetirementSystems, and N.E.A. ....................... 1,334.05
(n) Membership dues and omcial publication..... 25.37(0) ReiniburMement of Trustees for expenses in-
curred by attendance Zit Board meetings... 390.00(p) Miscellaneous expenses ...................... 345.16 68,868.57
U. M. Trenpsury Billp; Purelin,•ed nt Co,it. 3,786,015.59
In,·eM tmentsBonds purchased (par value)... 3,410,000.00Premium paid ................. 47,356.56
3,457,356.56Less discount 18,031.24
Pzli·ell:isp price .... 3,439,325.32Acc'riled intel·ONt p:lic]... 18,989.52 3,458,314.84
'1'0(111 1)1MlitirMemet,(M Mi,>- 1, lif;(t (hiviligh A ttizi,M< 71,11)5(1. $ 9.818,298.61
(*31 ]11[]:ance. Aummt 31. 11)58Cash-Aty Treasurer...... 715,924.20Cash-Contingent fzind ..... 3,587.34 $ 719,511.54
Respectfully submitted.
GEORGE O. MEIERDIERKSFinancial Secretary
September 21 1 I 5 1956
Tax Levy for 1957
September 21, 1956
Robert Sargent Shriver, Jr., PresidentBoard of Education228 North LaSalle StreetChicago 1, Illinois
Dear Mr. Shriver:
This will serve to remind and notify you that Section 34-64 of the SchoolCode requires the Board of Education to demand and direct the City Councilof the City of Chicago to levy for the year 1957 a tax at a rate which, whenextended, will produce the sum of $9,000,000 for the Public School Teachers'Pension and Retirement Fund,
Yours very truly,
Evelyn Sholundlexecutive Secretary
On motion by Mr. Meierdierks, seconded by Mrs. Johnsen, the four-monthstatement of the Financial Secretary and the letter to Mr. Shriver regardingthe 1957 tax levy were approved and ordered printed in the proceedings ofthis meeting.
. 1
September 21 116 1956
REPORT OF COMMITTEE ON FINANCE
Reimbursement of Contingent Account
The committee on finance reported that receipted bills, cancelled checks, bankstatements, and other supporting documents covering expenditures for theperiod from June 18, 1956 through September 19, 1956, inclusive, andtotalling $1,457.66 were audited.
The committee found that expenditures had been made properly and recom-mended that this account be reimbursed in the aforesaid amount.
Bills
The following bills were presented with the recommendation that they beapproved and paid.
Ihinril «,r ICd twation of lhe City of Chil'lign:7/10/56 Fot· 1,191,:11·,ition of tal,Illating C:lt-cis sh(,„-
inG t,·:ach,·rs' 54:,131>· di·clue·tion>; for ,·achMir·roll periocl from ·1/1/50 to 6/30/66......5 2()0.06
8/20/66 111,·1·(,film v·In·ice. liy th,· 1,111·irtu (,f 1.4.-:parch and Statisties... ................ 1,280.81
$1,48 S.87L. ir. ]En,·hin („nitrnny:
6/1·1/56 Miinr·„/raph supplirs ... 75.15
Ituilcler,4 Ilitilding:0111(·(• 1·,·111(,(1,·lin.K
5/17/51; I.,·1,:lit·- :01,1 111:,tenul............... 1;.1 1)5/2*/51; 1.,·!':iii·: ali,1 111:tti·rials........... 270.25
1'1-,·li:tration (,f N·:ill>; fu,r paint.. 75.00
351.351111rro tigh M Corporntion:
6/25/56 15111·loujrhs Microhlin re:ider. . :; 1 7.0 I)
Copeawe Corpornti„n:7/::1/5(; 1 ('(,1)€•.lse Dlil)1,·~ 1~1:1<'hine. .130.00
supplies .................. 156.55
591.55II:t.·(•M f (:ItiNtic•111 %4·rvice. Iiar.:
1 1·,·tis'„11 1)91,·1·(}ll, .11111,·, .1111>· :ind Aligilst 11}51; 5:1.401·/•, 1-4 ~ Aet unri:,1 >:t:,listic·>4 :ind ins,11~,111(·(· 11'1)011. . 34:16.GO
22.20
2.207.407!:tri·hil,1 1 C'la Ic·Ill:lt,irM, I lic'.
S/22/56 Hervice und ,·over for Cul{·illator. 11.65
111 4·(*(irinic·k :Ind llc·,ailir.„51. Inc·.
6/ 7/56111, ' 1'1·inted formS :ind >:111)1)lieR. ........ 77X.56
8/27/5617/2:f/;h Cutting and wrapping 4,1 1,·(Ifiri' M}w,·t.. 20.40
6/2!1/5(; April 1,1·(ic'(*ding,: ..... 362.20
1,161.15
Septe/,11>er 21 117 1036
Bills (contint,ed)M.Mler %21 ft· C '4).:
8/2#/56 S 1'0>:1 ing tray: mr led;zer· card:.. 4.40
I'll 1~ ,•.·-11(nve.. 111€•.:9/ 3/56 Ma,·hitic· irisi),·,·tic„ 9/1/56 14 S/31'57 ······· 56.1/9/ 7/56 1'(,St:,5,· met,·1- rent:it !1/1/61; thru 11/;0/5,6. :;11.1/t)
1/2.4/)11 ,·inin;-1 (,n lizi 1,!. 1 'w.:
7/ !1/56 I'li/11,·,1 1:11111/11,·d 1.iii,·1: 6,/·p·,·01·,1 ,·:11·,1.4, 58.AS1 Steel fil,·.....................,........ 179.10
2:; 7.98'1'he Mt 11,141„rd lt,·wivter ( (,!111)11!ly:
8/22/56 1;0.(300 14·nsion cheeks............. 11,7.71
1-till ty Aul}lily ('IN, 1,111) .· >41:,tiont·r.:4/2G/51; Ilist:ill:ition for >Hor:ure !11,·:........ 4.!,0
1'11~.irin!~4:71'11/56 Charle>: H. Con,rdon, M.1). Exam. of Ruth
.5."07/27/66 Vil·:ritii:, '1':n·1„w, M.1),, 1Cx:,In. c,f l:,Ittl, 111·:ilitl,·111,111% 25.111
Mlic,·in! Ser,·ic·r<:9/18/56 Kirkl:ind. 1·'1,·min,r. (;reen. Martin & I·,11~:.
1.<'gal services from 6/18/56 to 9/18/56. 1.250.0 0
SS,65 1.5 4
Refunds and Death BenefitsThe committee reported that documents pertaining to claims for refunds anddeath benefits for persons listed herewith were examined and verified. Ap-plications for refunds a/c resignation were made by persons who are nolonger employed as teachers by the Board of Education. Applications forrefunds of contributions for widows' pensions were made by persons whowere not entitled to such benefits at the time of their respective retirements.Claims for refunds of contributions and for benefits payable on death ofteachers ancl pensioners were determined after certifying dates of death andestablishing proper evidence for each beneficiary, administrator or executor.The committee recommended, therefore, that refunds and death benefits begranted for persons listed herewith in the amounts specified.The cominittee reported further that other refunds to contributors, listedherem, were paid at the time reports on audits of such contributors' accountswet·c, submitted. In each case, the refunds were due to changes in rates ofcontribution for creditable service or to other required adjust ments iii theapplication of automatic increases in rates of contribution by the Board ofEducation. It was recommended that the payment of these refunds be con-firined and approved,
Refund.4 11/e llc.Mis=,Inlic)11:Al,i·711:*in. Shirley T '. .5 1-1,).50-1111„'rry, Ethel P. . 1,169.50Henliner. I.lic·1111· I'. ...... - 1.:15;8.30noclian, Bar.i I ." 2:13.58111·,11]us, Xhirley K 240.20
September 21 118 193 6
Refunds and Death Benefits (i.untinued)Refundps u / ci ReMignntion : ((·„ litinied )
Hurke, Mary M. .......$ 1,237.09]'.ritler·. Ijolores .......... 375.00C:ti·r(ill, Jane S. ........ 244.00Coddington, Mary K. ...... 236.25Cul-ie:i, Barlmra Ann .... :135.00Davlin, Marguerite M. 4:&.()()1)icl:rn,in, Maurice .. 2111.401)11},irt, D<,r:11,·e 54. ...... 313.90IC:isl,·y, Edgar M...... 49·1.76]Crclh,·itii, I,*·Air:i ........ 195.0(112:it·mi·l·, Lillian .. 44*.001•'inli,·t·tv, Patricia J. ..... 5(12.soFur·long, l_)or>·ce H. ..... 701.20(irilin,in, Muriel G. ..... 505.56Got·(lon, Craig ...........C; reen),latt, HI·len,· I.. . - 522.00Greer, Murion C. ....... 324.18Griflin, Phyllis IT........ 716.20Hair, .To:in G............. 77.10
Hands (D·ne M. 240.00
Iked,L Hi·lon M. ........ 668.00Johnson, Corine Hite... 1,015.50Jon€ul, 1£1.430 .T. 249.00Kas:ing, Joirphino L. ... 510.00K:itz, J.inet TV.......... 2·19.00Keller, Beverly R....... 234.00Kompier, Margarr·t P. 0 . 46.00Krivilag, Lula C. ........ 853.40L:imbron, Glilays G . ..... 1,610.62T,evinson, .Tudith ....... 240.00Maio, Florence G. 384.OKManley, Jeanne C. ..... 246.OnM :irl:in, Lots M. 611.00M¢Bride, Madeline· M. ... 200.00McCart·on, Ele:inor K. . . 144.00McCorrnick, Patricia M. . 629.64Melspr, Rolland 0...... 450.00Mordinger, Jes<ica ..... 168.24Micholon, Margaret D. .. 428.50Nickols, Dianne J. 241.50O'Don, l'ruiline A. ...... 360.1,1I':ir:irn ore, Gloria M. K. 335.00
real·Mon, Archie W. 1,nfl 5.7 KPeng, I:lith E. it. 701.14
Penn, Barbara .T. P. .... 2,35.00Polan, Bernice 814.66Racine, Davida S. 336.50Richard, Margaret M. .. 519.50Richardson, Sally .T. 131.25R i 1 By, Margie P. 325.00Rosenberg, Edwanl .... 1,037.96
Scher, Gloria .......... 617.00Seigan, Rosabel J. ...... 436.00
Sivaslian. Lillian . GS.SO
St}ears, William D. ... 105.08Htenstroni, Lois II. ..... 648.62
Testin, Rita Marie .,... 2:16.50
'I't·,·:,K,·r, 11·witi E. ...... 578.('SV:illow,·, 1-Ienry H. .... X63.56
Serteg,ber 21 119 1956
Refunds and Death Bellefits (i·i,ittinurd)
[ tefilile ] M ZE i '(, lEi• Migil :11 11 , 11 : ( 1 ·'illfinuet|)Valliwi, Manlyn ..... ...3 256.60Vii,tory, 11:u·g,11·,4 M. ..... 23.1.00
225.50Vt,11,·:1L K:,tharint· g. .....11-:ilk,·i·, 11:11111:th I). ....... 5 0 41. 5/1
Wril):t,·in. >:ar:1 .1. 1:. .... 211.50402.:H)
Winikoff, 1·h,·1>11 k. ..., - 2.;·1.00 $:;·1.711:&.1,1
liefillicix 4,1 ('„litrilillticil, 4 1„r „'id,Di, M' 1't·12+14,71((, l'er.•rnn* X „, 1·.zititted ti, 4,1(·1, Ilene·lit:
..$ 212.01172.110
.....,... . 2.12.1,11 5 3 4."11
tri·fl[,1,1M (,i .,4'(·11111,11:1(,·d ('„11(ril,Iilicin. „11 114·:It!1:
('1:11·1:, M:tri,· M. (7'hi· f''f.va f'/w/, „1' .\/. /)#,minic-. f'i,ni-i·,1/. 1,<·/1,·/i,·i,/1·,/. /iii .1/i·.:. fic,ir,1,· 1/,irrixi ,/. /'i·,·..i,/i·ilt /..$ ·1.11,11.00
Coffry, Oct:ivi:i 4. (Hi/lic /1 (WRN. /i, i, ,...........~ .~.It.1:;( mill· M . An ! 1 , 1 K . (('cifit <· rin , . 1 ,in ,· f ,<rite:. 1„·,1 ,· licinc/*... :;,·ISO . 75Madden , Al , hic H . C f ' har/,: ./. 1 /,/,/,/, in 1„ n ,·fi, i , 1 ,·!1 ) ····· 1 , 812 . 00 *01,orne, Alva M. M,71;7.60l ' itt· it · 11 , Icl :, 15 . ((' 1 ,/ 11 L . /'ch· i ,· Ii . 1 , t ·, i , fi ,· i ,11 ·„ )......... 1 . 41 ; 2 . 22 *Rosrers , Ch : 11 . 1 ,·: 1 · 2 ./ \! ite '1 . 1 : f ,! 1 ' M . i : i,· h , in! 1;,)!. li '}'I .
1,K25.(Ii)
1:(,n-:111, 1::ilhle,·11 1. C./,im: .1. /:,„i·,in. h,·„,/i,·i,n·„/ .... ..--I...''
Schnliclt. Al)11,·tt:t (Chiti·/i·.. 11' //i//. ,1,1 i,tii,ixti·,i/,; i·) ..... ·1.:&2·1.1,1 1 24/,(IX.:,1
..1,1,",it,titt
Minglf• 1".i.m;:it lic·nefit •in t)•·:illi iII i;I,rher.:
( Hark . M : it ' ie M . ('1 ' IiI (' Ii .: i , i f ' 11 , 1 , irt .0 /. /;, Iiii inic '* C , iii -rf'git. b,·Ilf'/i,·ifi,·11. 41/ .1/i·:. fic,ir,/I· .1/in·)·i,:<·11. /'i·,·Ii,/i·/it )..S 2,;1'11.11(,
Cofft · v , Oct , ivia S . ( 11 ' i // i ,· D . CniT , V . 1„ir ).............(:.' il €':, -\ 1 ) 1 ' A 1 :. (('tith ,· i · i , t ,· .\ 12 ,1 ,· f ;, til ,' R . 1„·,1 ,·fi ,· 1 , 1 ,! 1 ).··· 2 , 5 () 1 ). 1 ) 1 )Nelson , Nelli ,· C . ('1 ' In · Fi , 4 N ,ifi „ 1 ,11 1 ;, 11, 1. „ f Chi ,·il , m .
2,500.00(11)01·ne, .\li:1 11. Un„M<·,\. „4·,m'. /„·/i,Nebiru)........ 2,50().001:og<,1·>:, Ch:irle: E. (.1/,1,· 7'. /;„,/,·n:. /;i,·hiri·,/ /,'i,V,·,·X.Mu ·, 1 J : ef h /21„1„ x < In ,i /'i ·,1 ,11, . lilli N ,„14 rx . h , lic/iciaric.R ) 2 . 2 5 ( t . Al
1 :<, wan , Knthli .· 11 1 '. (. litmo: 1 1 :„ ti · ini . 1„ urN ,· itn · u ) .... 2,JI. M54 ' hinicit . Ainwit , 1 ((' h , 1 ,·/ i .: 11 - // i //. iniminixtrithir ). 2 .:, im . 00 17 , 75 ('. MI
Kinuric· 1 ':, , mc'lat llc'n,·lit „1, 1)r:t(]i „f '1'encher-1'<·i, 4i„tic·r>«
((, th ,1 1 ). KI ,·1 '·, t . 11 , 114 ·/ i ,· i , 1 ,·,i ) ... 5Maddrn , Al , 1 , ic, 13 . (Thmkx . 1 . ~1 ,1 ,iii ( H . 1,( 84,· inrp ).. . 500 . Anl ' eli · ich , 1 (1 , 2 18 . (/hir~ L . Gr , i „. 1„ ncil , i , 1 ,/} ...... 500 . 41 ,)Adair , Sylvances le . (. inni , 11 . .\ Ilfiir. 1* Inifi ,· 1 , 2 , I ,).... . ~~~3~~ 2 . 000 . 00
111*1111(1,4 of Contrililiti„liN fuir ><er,·ier i,i /·.1·4·4. i,f ·15 'b'*·:,rMin (11€• Ammant 11)!,lieable Ii>~ :li, 01~'#,1 li, the Deticit·,1,·y AirMer,·ic·r Prior 10 July 11):51 :
Convis, Lula B..... ,.....······· ······· ········4 63.00Gill),·rt. Elhel .......... ··········· ··· ··· 61 "0
221.10Lucy, Florence E. 565.62Nolan, Enthryn R.......... ····· 2.42
2 9 9. DO 1,212.64
September 21 120 195b
Refunds and Death Benefits ( contintted)
RefuIHIM il/e Adjlt>•tliacint,4 in R:,1(·M (,f C (,Iltri],1111(,114:Ch:LI 1.,iv.·:31.1, JI:Lry ...... .3 22.00Cut-tor, Fc,licia ll.Cll/1,1,·:i, Johil 1:. ......... 1. 1,L)avid>son, M.I·n. ......... ::.851-):Lvl:triti·>4, M.iri,i ........ 1.TOI.)eT'oe, I.<,r·r-:ii:i,· A. ...... 16.2513„LIArl:ts, Elina 13. ........... '*,1.-10Do>·le, May C. .............. 11.00Ht·,ike, 1:osenial'y M. ...... .,..,1·Nliott, 1:(,setl:, D. ....... 219.00
1.70Epstein, Ethel . 26.0014:v.·,·t·, 1·:111,1110.-c.·11,· A. ...... 1::0.:101·'l:iliir·,·. I,illi:in A. ........ 2..)1·'rench, Mary A. M. ........(;oluli, ]Csther 1·'. ......... 1.19.00
2.76linn-W), MAI·i.in H. ....... ·1().0(J.Johnson, Ele:inor M. ..... 25.75Kelln M:Li·garet Mary . 167.:;0Kin,Kthr>·n Y. ...... 1. -.1 0)
Kiss, Sal·:ih G. ............. 18.7010·unier, IC]sie H. ........ 2.x5I.LK Rm, Eliz:th,·th H. ..... 4 1;.10Lhhamm, Is:idore W. ....... :41;.58I,ink, 1:entrice F. ........ 14.:181,(,wist,·n, II,·ni·ii:lt,·K. .. 4,;.;0Manisen, Ger:ildirle 0.... 177.+2M:in:lsin. I•Nort·nce A. ....... 26.10MAhmwi Alice M. ..... 11.(3/)Mur,villy, 13:irimra M. ..... 191.02Me(;overn, Jo>seph M. .... 202.70Menge 1, IC lizal) ('th L. ..... 6.25Mills, Non,4 1). .......... 7.84Moll:Lh:irl, 1Cliz:ibrth T. .... 1.75Mun:Ly, 160!·nic·o P....... 212.GONarodick, Bernice L. .... 161).9,1Nelson, Eliz:ibeth JI. ........ 1.RSPeck, I.'rank P. ........... 170.001,011:lk, Williairl A. ...... 39.20l'roxm:ir,·1·, Ecirv:it·d L. ... 10.65Quinlivan, Eileen M. ..... X.1S
23.80INchter, Anita T. ....... 35.46Rizz"to, Jual 0............ 70.20Ruddy, Genevieve J. ...... 2.75Settles, Mary E. 138.00Sig:ilos, Louiv ............ 20.35Sonsini, Margaret M. 2.75Sparks, Leo b'rances ..... 3.68Stevens, 1)01·othy A. SS.65Stevens, Mary K. ......... .1,00Strzolocki, Holon L. ..... 1 SS.63Thomas Edna G. ...,.... 11.·13Emecker, June K......... 1.87V:Ly, K:Lthz·yn JI. 2.75Villano, AT:i frild,1 M. ...,. 129.23-Wate,·8, Don ............... 44.70
September 21 121 1956
Refunds and Death Benefits ( continued )
Refuncbt :i/r -lilj,]4(ilient,4 in lintev of Contrilitition,s: 1<·untintied)Ir't;' (1:iii Ii-' .. .... I. .....-'-I.... -I- . 3 22.94Vn·idner. Cll!-i:tine B. .... 1.75I\-(·il, 1.„lii:,· A 75.70U-<„,cl, 11·:inkie VI -. 4'. -,).en '..
TZ*11 1·st. c ':t inill(, 1'. ....... .. 54,10Zinitner, 1-)(,r·(,thy .T 201.08 3.797..:S
$54,52 8.21
On motion hy I\Irs. Light, seconded by Miss Taggart, the foregoing reportsand recommendations of the committee were apl,i·oved. For ene11 accountshown above expenditures for reimbursement of the contingent account,payment of bills, refunds and for death benefits wei·e authorized and con-frmed by the following roll-c:ill vote:
Ayes-Miss Scully, Mrs. Light, Mrs. Johnsen, Miss Taggart, Mr. Moierdierks,Miss Burns-6. Nays-None.
Issuance of Duplicate Warrants
The committee reported that the persons nanied below requested duplicatewarrants in lieu of the following described checks which were received andlost, Afliclavits, certifying these losses and in each case incioninifying theFund against any liability, damage, or expense, which may result by reasonof issuing such duplicate warrants, were duly filed. Therefore, the committeerecommended that warrants be issued to the persons named below in theamounts indicated.
Antount Number Due Ihirilli,4 44
Comst ock, Kathei·im, .. 3 51.GO 314711 8/31/56 Pension parniontFrantz, Alliert Lee..... 72.60 305560 6/29/56 Pension p:irniontM:ljl,#L Mary L. .. 7.00 4 S 1519 3/1/55 Refund of contributionsifrit, r.v, K:itliryn C..... 2.SO 483063 3/1/56 Rrfund of er,ntril,utions,
On motion by Mrs. Light, seconded by Miss Taggart, the recommendationof the committee was approved and the wai·rants were ordered drawn by thefollowing roll-call vote:
Ayes-Miss Scully, Airs. Light, 1\Irs. Johnsen, Miss Taggart, Mr. Meieidierks,Miss Burns-6. Nays-None.
Septcnilier 21 122 1956
Minor Deficiencies or Credits in Members' AccountsThe committee on finance reported that iii some instances the audits of inom-1)el:s' accounts revealed deficiencies or over-payments in contributions in:iniounts of less than 51.(10. Because of the extensive accounting procecluresand the numerous clei·ical Services involved in halancing such accounts4, theconimittee recommended th:it no hills he is>;zied or refunds paid to teachershaving deficiencies or credits amounting to less than $1.00; and also thatsuch :iniounts Le carried in the teachers' accozitits for possible adjustmentat an appropriate time in the future.
On motion by Mrs. Light, seconded by Mr. Meierclierks, the recommendationof the committee w:is approved and the above-described procedure was dulyauthorized by the following roll-Call vote:
Ayes-Rliss Scully, Mrs. I .i;rht. 711·s. .Tohnsen, Jlis< Taggart, Mr. Meierdierks,Miss Burns-6. Nays-None.
Purchase of Bonds ConfirmedIn accordance with the advice of Standard & Poor's Corporation, investmentcounsel, and in a mail vote prior to the clate of this meeting, the committeeon finance reported that the following securities were approved on the yieldbasis noted plus acct·ued intereKt. The committee recommencled that thepurchase of these securities be confirmed and that the bonds be registeredin the name of the Fund.
Amiunt Der«·ription 01' Ilit,(IM Dzate of 1)..(i· If '1'i,I 1'11 r Z :lilli• ) Nnme Ir I·'irm IN'lle Multirity 'b'ir!,1$600,000 United Stat,·: 21-r; Tr,·:137/ry 2/15/54 11/15/61 i. 11)'':
]&„rict: r,f 196 I7'130 Fird X.ition:il I;:ink of Chicage
On motion by Mrs, Light, seconded by Miss Taggart, the above transactionwas approved and confirmed by the following roll-call vote:
Ayes-Miss Scully, Miss Taggart, Mr. Meierclierks, Mrs. Light, Mrs. Johnson,Miss Burns-6. Nays-None.
Order for Purchase of BondsIn accordance with the acivice of Standard & Poois Corporation, investmentcounsel, the committee on finance recominended that the following describedbonds be purchased on the yield basis noted, plus accrtied interest, and :ilsothat they be registered in the name of the Fund.
X mount 1)144•ril)tion (,1 lnon*M 1):at'. If 17:,tr „f 'I'4,(I':ir 1~:1111€·) N:Inar I,r Firm IRM,ir Mlitilrit~· Yield
$350,000 United Stal,·s 21,6% Tr,•a,un 2/15/51 11/15/61 3.10';13(inds of 14 61
The Fir>41 National B:int: „f Chic·ago
On motion by Mrs. Light, seconded by Miss Tagg:iii, the above describedsecurities were orclered purchased and the executive secretary was authorizedto proceed in accordance therewith, by the following roll-call vote:
Ayes-Miss Scully, Mr. Meierclierks, Miss Taggart. Mrs. I.ight, Mrs. .Tohnsen,Miss Burns-6. Nays-None.
1'/5 t,Septcti,1,<·r· 21 12.4
The Elinor K. Boothroyd BequestThe committee on finance reported that under the I.ast Will and Testamentof Elinor K. Boothrord, a pensioner of this Fund, the Public School Te:whers'l'ension and Retirement Fund of Chicago is the recipient of a bequest con-sisting of the following:
$7,48·1.82 Cash4,000.00 Par valite United States 216,3 Treasury Bonds of 1967-72
:100.00 24 past due interest coupons in the amount of $12.50 each.
The records of the Fund show that Mrs. Boothroycl retired in September 11)30after :ic) years and 6 months of teaching service in the Chicago Public Schools.
, and that she clied on October 10. 1!)55 at the age of 91. During her teachingcareer, she was e!711)1Ored at the Boulevard, Hoyne, Hamilton and Jahnelementary schools.
On motion by Mrs. Light, seconded by Miss Taggart, this bequest wasaccepted, the report was ordered printed in the proceedings of this meeting·und a letter of appreciation to the heirs or executor was oniered. Thisinotion was approved unanimously.
REPORT OF COMMITTEE ON ANNUITIESAND CREDENTIALS
PensionsThe committee reported that applications for pensions wei·e presented forpersons, hereinafter listed, with the recommendation that the pensions beapproved and granted in the amounts and under the conditions set forth here-with. In the case of each applicant for service or disability retirement pen-sion, the employment of the teacher had terminated officially, the legallyprescribed nlinimum years of teaching· service were completed, and require-ments with respect to age (if applicable) were fulfilled. The applicant forreduced retirement pension made due and proper election to receive sgirlipension in orcler to pay a reversionary pension to a survivor after cleath :14a teacher-pensioner. The applicant for disability pension was declarrd hythree competent physicians to be suffering from a disability which whollyancl presumably permanently incapacitates her for teaching. The apl,lieant<for widows' pensions furnished proper evidence of their rights to receivesuch pensions.
~Iriliberk %(•11()01 0,•rih·r To .innimi'ir ) I. M . Dnti I . ria . ii ), 1NO. N:ime of '1'(,11('hi,r ll!emlier'v S tzil,IM MuM. Dity* Fr(,1,1 1~:1/i·
Optional Serrict. Retirement l'e,isions5516 :tilams, Louise I-I. ....,I·Tawthortie ....,..34-7-10 6/23/56 52,!,15.40f)020 Aclatils. MILT-garet A. ..H:iugan ,.........31-2-0 6/23/56 2,+12.00'4021 Allen, Han·iot E. ......Goethe ....... ....40-5-10 6/23/56 :4376.42:1022 ];ric'011, 1·:Mther Rooth ..I.:ike View Iliwh..~13-9 -0 6/23/56 2,8·17.72!1023 Bartlett, Ruby .,,..,..Reilly ...,......,.42-7-10 6/23/56 3,552.0/)9024 Binyon, Anne L. ......lhirray ...........22-8-0 6/23/56 1,788.48
September 21 124 1036
Pensions ( c·(intintted )
Member'M School Service '1.0 Annuntor YrM. D"te l'rn wion
NO. Nninr of 'rene·her Menilier'M St:ittin MoN. Dnym From Ititte
Optional Serrice Retirement Pensions (continued)5026 1:„s:ing. Eclu·:ird TV. ..~\!arshall Ili;rh ....27-6-0 G/23/5G $2",;1*1..;G4026 131·;11111M• Martin, .Tr. , . %%':l>4111),trn,· Tr;ide.·12-9-10 8/ 4/56 ::,567.96clu27 Hrook:, M:il,#·11,· II. ... FI„rit,·flor,· ....... .28-9-10 6/23/56 2,·153.38:,f,2X Hrown. Flot·,·11<·c· H. ... Hurley ...........29-1-0 6/23/56 2,465.76:,62:1 1:uveller, Irma .\. ..... Arnisltionx .......·12-5-10 6/23/56 3,536.04
Carey, Mary H. ....... (.001: ·14-1-0 6/23/56 :CM'.24:lf):21 (':irl:on, Ituth I). .......lits;tin I-Iigh ......36-5-10 6/23/56 2.793.40!10:,2 Cock., Beryl E. ....... Fulton ...........36-4-0 6/23/6/; 2,719.
Connor, Grae, · A. ...... N,·ntworth ..... 10-9-10 6/23/56 3,404.4SH:,1 ('rfir,•n, 1 n,·z. 7 1. ....... Idowen High 35-9-10 6/23/56 2,754.9690:25 ('tillisc,n, Aline ........Til(lon Tech. Hi:rh.·11,-2,-1.5 6/23/56 1,731.044036 Ch:>:on. Emilie H. ......irving .....,.....·13-2-0 5/ 2/56 3,175.92'"17 nnolin, Olivi· R. ......Mt. Vernon ........43-1-0 6/23/66 7.GO:;.72...l 1·.fftizix. Ifilclegarde J..Hay 40-1-0 6/23/56 3,341.169038 1·:ickhoff, (;:,briell:t lf...La ,Salle ..........34-6-10 8/27/56 2,t)07.18!,035 Evikson, 0,·n·l J. ...... A-ashbu:·ne Trade.27-7-10 6/23/56 2,358.36
40·10 I·:rn.st, Walter L. .......lustin High ......36-0-0 6/23/56 3,014.ss5,0 41 Fischer, Mny E. ....... Mai·shall High ....38-1-10 6/23/56 3,186.005042 Irivher, Caturah A. .... Hit·sch High ......35-8-0 6/23/56 2,994.9290.1 3 11,·ming, Clip,tri- S. ... c 'r:irie 1Iigh .......37-0-0 6/23/56 3,Of) 4.44!1~11 4 (;all:,Th,·r, T:ose M. ... ]\Tarsh ............12-6-10 6/23/56 :.5.1.1.087015 (;illil:incl, Esther (i. ... Wilson Br..Ir. Col..37-0-0 6/23/56 3,091.44
Gilrnore, Aliet· N. .....()'IC,·effe ..........29-5-10 6/23/56 2,·196.72!10·17 (;1·:int, ATarg:ir·,·t G. ... Taft High ........33-2-0 6/23/56 2,436.00!10·18 Gunil,iner, I#'101·ence ... 1.:lke Vi inv I-Ii:rh...36 -9-0 6/23/56 :1.0 S 6.524049 Hamilton, James A ... II>·cle Park High ..29-7-0 6/23/66 2,513.52
9050 Horrmann, T,or·etta L...Hon:(,volt High ...32-9-0 6/23/56 2,7 46.GS4051 Hill, Mary (-1. ......... 54(*hiliz High .35-3-10 6/23/56 2,463.16'4052 Holroid. Mary I-r......Harte ............37-6-0 6/23/56 3,142.209053 Howard, I,illian AT. ...Norwood Park ....·11-5-10 6/23/56 3,451.92
905.1 I-Iughes, Owen ........Krashburne Trade.20-9-10 6/23/56 1,817.16
9055 IMay, Hattio G. .........Trick.son ..........33-3-10 6/23/56 2,804.049056 Jinings, Ver:L V. ......Fiske ............43-0-0 6/23/56 3,571.924057 Johnson, Margit B. ...Kilmer ...........37-0-0 6/23/56 2,8 16.SS9058 .Tohnson, Sadie O......Schrirz High ......39-0-0 6/23/56 3,253.56
9 0 5 S .Ic,nes, Ivorine Mc...... Phillit}s IClern. ....30-1-10 6/23/56 2,350.449060 .T(,Mi. 1·~rni:st It. ........ 1,11!18 'I'Fc.h. High..3.1-1-10 6/23/56 2,867.64
90 61 1<Iazip, George A....... I,indblum High ...20-0-0 6/23/56 2,457.S-1
:) (11; 2 Kentitur, I-Ienry M. .... Imwman High... .37-0-10 7/ 9/56 3,098.to
'063 10·inp, Bezilah I.. ......Roosevelt High ...43-0-0 6/23/56 3,571.929 06 4 Kranier, Clarn E. ..... Wadsworth .......37-6-10 6/23/56 3,1·16.169065 Kriewitz, Holen J. ....Hycle P:irl: High...36-3-10 8/31/56 2,777.0.1
9068 Krivanek, Rose ....... Pickard ..........39-1-10 6/23/56 3,110.·10
!)067 Krueker, Blanche M...Irving Park ......42-0-0 6/23/56 :,492.36
')069 Lohmann, Ell:i C...... Madison ......... 44-3-0 6/23/56 3,675.36
q070 AT:ine.lki 8, Corinne IC. .. I,inell}loni High ...33-0-0 G/23/56 2,429.16
9071 McClain, John TV. ..... Phillips High .... .20-2-10 6/23/56 1,761.48
9072 ATCNic.·01, Florence Ii... Writers ...........40-0-10 6/23/56 3,837.20
c) 07 0,; Miller, Margaret A... Avondale 35-7-10 6/23/56 2,5:11.64
9074 Moran, Mildred S...... Rastter ........... 41-9-0 6/23/56 3,484.32
!1075 Mraz, Cc.cilie T........Artu·shall High ....33-5-0 6/23/56 2,815.92
9076 Mulvaney, -Walter A. ..Lindl,loni I.Iigh ...21-0-0 6/23/56 1,757.40
9077 Nelson, Mary M....... Knhn .............31-4-0 8/24/56 2,251.44
!1078 Oikey, Catherine A.... Peck ........43-0-0 2/16/54 3,386.10
September 21 125 1950
Pensions ( continued )
Member'M School Meri-ice '1'I, Animalor Y rM . Date 14'! 1 Mion
No. Nnme of 'I'richer Member-'M Stuttipt M04 D:ty,4 Fri mi Rate
Optional Serrice Itetirement Pen,vion S (cont inued)!1072 p:LKe, Doi·citlly C....... 1~111·. Child Study..27-6-0 6/23/56 $2.158.687745 Petrich. Mal·ie H. ..... Murphy ..........36-7-0 6/23/5G .,..'.., -9080 Phel.in, Mai·>· O. Parker Iligh .....41-9-0 6/23/56 ../.'..,-90S1 Pieree, Hclon B. .......]uncizi:rn .........29-S-0 6/23/56 2,261'.229082 l'itt, .ilit).1 1). ......... 11:11·f:Lir ......... .45-9-10 6/23/56 5,721.01DOSS I'lapt), Doris A........Lane Tech. Iligh..35-0-0 6/23/56 ., I *Z a.~ .. a~
I. 1 4. . .
9084 pollak, ('11:il·lotte n-. ..liil,1)al·cl ..........32-3-0 6/23/56 2,736.3690S5 Puree, Mildred D. .....1'hillips High .....·11-9-0 6/23/56 3,454.32:1086 1:Girers, 1Irt1ry S. ..... 130wen High ......36-9-0 6/23/56 3.086.529087 Itokers, 1.:Iltra ]C. ..... Iri':t l'zillman ....·10-5-0 6/23/56 3,372.96NOAK Ifohr, -·\Mnes M. .......Ifilmer ...........35-0-10 9/ 1/56 2,856.609089 S:lke|Son, Mar>· 13...... .\Ndidwn .........3.1-5-10 6/23/56 2,SMA;721[; 54('ott. 1[(len II. ....... 11:M·fair ..........32-7-0 6/23/56 2,311.684 0 !11 Sh.Ll·key. 1·:An:, C. .....Murphy .......,..36-8-10 6/23/56 .,...-.Ob•' . . . - I.
90!12 Shay, r're(1:L W........(;oc)(lrich .........36-5-10 6/23/56 3,05 S.GS<1093 ,Shea, lies,sie K. .......Substitute ........23-4-0 7/ 1/56 1,305.2490:)4 Shine,.T:illic'siC........Chic:16-0 Toe......37-S-10 6/23/56 3,0·13.5690 :15 Sint ): lid . Sal ·: I J . 1 / 1 /56 2 , 553 . 009096 Snerly. Ll'ola 12. ,..... I·'ulton .......... .38-5-10 6/23/56 3,0S1.00!1097 Hot·enMen, Mildred A,..Sullivan Hish ....37-2-0 6/23/56 3,001.·44!1098 Starner. John J. ......Austin High .....,40-3-0 6/23/56 :1,:157.00
Taitts, 1):,iNT W. ...... Du Sable High....3.1-0-0 6/23/56 2,78 5.655100 w,,13;von, Marian W. ... 1:NK'gle>t ..........26-1-10 6/23/56 2,231.049101 Nate,·>. 31,21·y A. ...... A :id>nvot·th .......2.1-1-0 6/23/56 2,019.1261 6 3 Weiberm Minnie .,....(}11,ihan ......... .31-6-10 6/23/56 2,291.04.<1103 Williams. 12:ilph R. ...Yale ........,....39-3-0 6/23/56 :{.277.44910·1 Ze.immv, 1-1:izel ........ O'Keeffe .......... 42-9-0 6/23/56 3.564.0014105 Lincl,n, Atildred A. ,...Field .,...........36-0-0 6/23/56 2.348.64
Con rlri·tion of n i.rl'('rainitary prnsion for n Atirritor, in flic amount of 02,348.64pc,· 1/car, .lfix. Limlen'R ,·rti;·rnicilt venaion of 82.630.52 vcr year u·as reduced totlic rate. altint·n above.)
Compulsory Service Retirement Pensions9106 Albert, Euphrasia K..,1'hillips High ....34-4-0 6/23/56 $2,857.569107 Baker, Mary E....- ..Lincoln ..........32-0-0 6/23/56 2,696.52BIOS Beck, Paul I-I..........KoMciuszko .......43-0-0 6/23/56 3,571.92Ill 09 13rehy, Ruth A........81·yant ...........42-9-10 6/23/56 3,567.96
Berry, Florene:e L. ...,Schneider ........29-1-10 6/23/56 2.3 8 S .GO•064
9110 131:ic·}ily. 1)01·i:; M. ...~. I·'en#rel IIIAh .....42-0-0 6/30/56 ..192.369111 130wker, Rockton A. ..Tilden Tech. High.45-0-0 6/23/56 3,731.049112 Bran<,in, Fred K.......Chicago Ten. Col...44-5-0 7/27/56 3,691.32'1113 Hro ,vil , Latira. lL ,..-, I ,ike 'View High .. 31 - 7 - 10 6/23 /56 2 , 676 . GO •9114 Bryo, 1·'dvin ..........Chicago Tea. Col...26-1-0 6/23/56 2,227.089115 Burchwood, Kiltharine.La.ke View High..37-9-0 7/10/56 3,166.089116 Hurk€·, Mary J. ....... Div. of Music..... .43-5-10 6/23/56 .,U.J.'-
9117 Bill·ki·. May C. ........Knickerborker ...44-6-10 6/23/56 3,683.64 07793 Call: ins, Janet R. ....Jefferson ........ .45-1-5 6/23/56 3,380.04•9118 Casner, Sidney _....,Hyde Park High..37-1-10 6/23/56 3.106.32•9119 Clauxen , Clara A...... Crane I .figh ....... 33 - 8 - 0 6 / 23 / 56 2 , 839 . SO8157 Convis. Lola B. ......-Park Manor ......45-1-15 6/23/56 3,706.OSI9120 Cook, Belle it. .. ...Lawson .......... 44-8-10 5/12/56 3,689.64*9121 Com)ock, Agatha B.... Marquette .,,..,.,37-8-0 6/23/56 3,158.169122 Corirtney, Josephine .. Lovett ...........40-6-0 6/23/56 3,3,80.889123 CriBman, Gladys ......INndbloni High ...36-0-10 6/23/56 3,018.84•8159 Cronin, Mary F. ...... TRG #7 ..........44-6-10 6/23/56 3,345.000
September 21 ]26 1956
Pensions r ,· fi ), tilit/ ed )
M,·:H|H•r'M 4c·11(Hit >+1% i'·/ i'', .'111111114 ) 1- ; rN. I):t{'. 1'4•Its i (In
X:Ine 4,r '1'rucker ~h·!11|irr*M StlittiM M (IM. I):13·M Fruin 1{Zile
Cornpuls < iry Serrice Itrtirrnicint iens i„ ns ('·f))lt ' 11 / 1 " 11 )>,708 Cri,>4:, E:,tht·.vn li. .... Sumtic·r ............1.1-0-0 6/23/56 $ L Cht)." S•7:,911 Full,·r. 1.~1,·11:i M. ... . 1 ' < 11 Iii e 1 13-0-0 ...511.KO•"
!,121 1),·1:iny, 1"1'.t Ij <·eq . . . - M.5,· ............44-S-0 7/21/56 :0,715.20:I125 1*'i>4,·1~,·1·, 11,·1·rn:tic .... 1)ir·. „f I:,·(-·1·e:itic,Ii.·12-1-111 6/23/66 ::.5()1.21" lei; Frederick, 1.,·i, ........S,ilitll ><11,~1·e HWh..45-6-0 6/23/5(; :4731.04:1127 Fri,st, II:,1·1·>· 1·......... I.:~ne 'r,·ch. I[irrh...1,1-0-0 t;/2::/56 :,1;51.48•*¢;116 ch·vard. Ch:,1·1,·>4 2 ....Calumet High ....27-1-6 6/23/56 1.9 2:i.00.1112% (,ill„·1·t. 1:111,·1 1.. ....Sayre .............15-1-1.1 7/ 1/56 5,731.01*412 !1 Gili·ilth, 1:11111.........0'K,·,·ffu· . .........34,..K-10 6/23/66 :L:; 2 1.24,41:; 0 (;il>d< i·y, 11:11·1·1),·llc K.. XI:ill: Sli,·1~id,111 ... 2,0-1-0 8/23/66 -'.'.!.). ,-41:51 Gi·:ing,·1·. I·Gra K. ..... .(:1111>:aulll>4 ... ..26-1-0 6/23/6" 2,1 17.62'41.,2 Grewory, Imisr ....... Heatibien .........30-8-0 6/23/56 2.601.00.
Gritlin. I.„Irisc· Q. ......Fc:inlan ........ :*; lili- I) 1,/2:4/5*; :.<)1·1.SS•7,;(1!1 1-1:,1,il,H11,·1·, -\Tin,·tti· c;..1.in<11)10111 High ...·tO- 5-10 G/28/5G 3.21,.64•
Ii:oil,ill, 13'·/·,·"iee I:. .C)'lic,(,1,· ..........·1()-7-" 6/2:; / 5 i; ::,:as.112*II:i-fu,Icl. I,ytine !·4. .... 1:ouser,·It High /0-5-0 1/12/64' :1,372.!16
:11:: 4; Ir:11·ri:011, 11:try 1·-11:, ..Burns .............1:I-8-10 6/23/66 :t.(;:3.6041:; 7 1{:sk,·11, I,,·nn S. ......'rild,·11 '1'0·ch. IIigh.·15-0-0 6/23/56 3,731.01513* Ii:ly:lette, 11(·l,·11 I,- ... U-:iller Ililrh .....:m-4-11 6/2.:/511 2,8 11.!1641:;4 Ifick,·y. M:nv K. ...... Kershau· .........15-8-:; 7/ 1/5/; ::,7:11.04*:12 <) 1 Hill,lit·11, Din·(,thy Y. .. I.:i ,· ....~......... 1.-fl-1(1 4/23/51; LAT.46,!11 ·t <) linal,·. Mar.\- ICI-:, .....'r,ilcott ...........38-1-10 7/ 1/56 :1,20:1.·10*4111 1 10\:·,c lt, Mn-,r:11·,·t IL ..lAnell)10111 I-Ii;411 ... 12-7-0 #/ 1/51; 3,627.6070;2" .1:ic·k>:on, 1:pli,·,·c,1 H. ...(;ondrich .........:;6-1-1) 6/23/51; -1 .1,/0.00.'1113 .1,1,·01,2)11. Florence H. .1'1·21:sin:r .,. ...·12-0-1, 4/2:,/56 :,11,2.36•Iii 1 .10!111:„11, Stell.i M. .... 11(,t·;r:ir, 1';uk High.·15-6-:1 7/ 1/56 :;,731.01•7625 Knu·i. 1.ydia 11. ...,. ir,tier. . 4¢;-7-1; 1.3%1).0,1.41 15 1.ainb, Vivian W. ...... F,)ster Vin·. .... .:,5-K.." 1;/28/66 2,11!)%.112
t;/23/56 LTH.04*41 1 " 1.:ilicil·il:iti, ('athariti#,-\,St#·innictz Itigh ...15-8-1,3;117 i,ang.iii. G,ni·Vievi· it..Chi-intolih,·1 ...... 11-7-H 1,/2:;/51, :;,707.11;*:11 1 / 1,:111%,·, Lilis,· M. ......('hic·ag„ 'ren. Col...29-6-10 4/23/56 2,509.51;!11 1 I 1.cit,·h, M:in.- 1.. ....... Ily,h· 1';Lik High..·10-7-0 6/23/56 3,388.!) 2 /41122 I.,·lilli,1, 1'*titiz IC. ..1':11·k 11:,nor ......·15-1-4 7/ 1/51; :1,380.04'9150 1,evy. I.illi:rn M. ......('4,1-ker>- ..........39-4-10 6/23/56 3,28!).4.4*X,)2:; I.iii,·11, Et·11,·st A. ...... U':1.4111}~1~·tw Trade .2,2-1-0 7/ 1/56 2,00.*)4•!1161 I.i>:ti,11, (;i·rtl·11(le II. ... Phillil,N High ..···:10-(; -10 9/ 1/56 2,58,1.121/152 1.ong, J. Hitc.hir ......Taft High "1-6-10 6/23/56 2,668.GS•!11 -5:: 1,('YA<, Ther,·4,1 R......Skirilwi· :; 4 - 4; -1 [) 7/25/56 3,225.7277:in I.u,·y. 1·'lon·nee K. .....TRG #'.1 46-7-!) :9,:; x (1.01*415·1 LundquiKt. I·:sth,·r B... 1·'en;rt,r NiKI, ... .·14-5-10 7/ 1/56 :t.(;96.28,,15n 11:„C:,1111,11, 1:,·i·Yiie,: if-..\,istin Hitrli ....37-0-0 ,;/22/51; t.(1111.44•!115*; M:irn:il), 1101),·1·t (;,..... 1·1:liriscin MiA'11 ...82-0-0 ,;/2:,/64; 2,49*;.52*:,!57 M:,1)1111,·inwr, Cora .... K,·nAomI ..... :17-0-,1 6/23/56 .1/1/ 1/11:,15>4 11:inton. c;,·1·11·11(12· A. ..1.loyd ..... ··· ··1:;-9-10 7/ 9/51; :1,1,17.52:'15" 71:ir·\, 1,:14,h N. ... . 1:c,(,sevelt. High ...87-0-0 6/23/51; 3,044.1.1
11<·("nlli:<t,·1', ,1,21nr•H Xt..Tril>;Ori lir. .Ti·. ('r,1..31-11-10 S/15/54 2/6?5.00
9161 lic·Lay. Na,uni R. ..... M:, tilry Voc. ......·11-1 -10 6/23/66 LA.,.48•:,162 11(·5411,·a. Tli,·rosa H. ... Hin·ns 41-4-11} (;/2,4/;G 3.4 4%.5691 63 Mi·lk:I, Anna M.....,,.Bowen High ······3744 6/23/66 8,112.20
!1 1 (; 1 Mill,·r. 1-)01·(,thy ....... Mell ..............39-7-0 6/23/56 ,~,:60!).30! It 6 5 Mill,·1·. ]Cd,v:ird V. ...,,S,·hurz. iligh ..::7-7-10 4/23/66 .:.122.2N*!1166 ~Ic),16*liti. 1\Itly,!14• X. ...Englen·und nigh .311-7-10 6/23/56 t,:61:;.32.1,Ic;7 lIu](1,!rick, (;prtruci,· V.Chiran-0 T'fit'ent:il..·14-0-10 7/ 1/56 7,656.44•
4144 Prron, Bo-Della 11.....Cornell .. .·······39-0-1 0 6/23/56 . „-- I.
!11 *; 11 -Nelson, Edith A. ......Sutherland .......13-0-10 6/23/56 :.5:IS.2/t
September 21 12; 1 9 56
Pensions ( r„ ntinued )
Member'M School Service TID .lii nunlor YrM. Dule l'enMI,)51
NO. Imme Of 'I'encher Member'H Stnt,IM MOM. DayM Fron, lt:ate
Comptilsory Serriee Retirement Pensions (t (nttinticd)76·17 Nolan, K,ithry,1 11 ....1'111:1:ki ...........17-0-9 6/23/56 S:;,605.76.4170 ()'Brion, Janet ........Austin High .......12-0-10 6/27/56 2,12·.!~.St)!,171 O'Hrien, John L;slie... !:O(,Mert'lt High ...·tO-7-10 S /27/56 3,742. SK9172 Oetter:hagen, Eliz....Bli:ikespeal-r ......41-0-0 6/23/56 -1,17:; Oh:, 1,:sther T. ........ Brent,inG ... .45-5-16 6/ 9/5*, ::.721.20!117-1 01:on. ICither 11. ...... E,·Ily High .......39-S-lf G/23/56 3.321.24*9175 lie,il·son, Adel:ii(le M...11·111:trong .......·10-1-0 6/23/56 n.:;:;2.·Ill.9176 Illster, William 13.... .Tiltlen T'·ch. 1.Ii,rh ,::5-0-0 6/23/56 . g ·,- ·. 09177 lihillips, Gertrucle .... Bc,n·en High ......41-5-0 7/ 1/56 4452.52•till'S Pletcher·, 1Crno B. ..... Harrison I.Iigh ...23-5-0 6/23/56 2.'20.OK*9179 Pritchard, Ernest C. .. Lane Tech. High..36-0-0 6/23/56 4.01.1.XS'7655 Prot:mall, Al fred 12. ..1·:mrlewood High..33-9-0 6/23/56 2.753.40.91 SO Quinn, Eliza II........Lewis .............43-5-0 7/ 1/56 3.611.6.191%1 Reicl. Susan L. ........Tonti .............·13-8-10 6/23/56 :&,639.GO•41<2 124·nnen, 016411 C. ......!,inc·ohi ....,.....37-1-0 6/23/56 3,12 6.24•91,83 Rinkenbri·,ror. An~elin.I.owell............1.1.0-0 6/23/56 3,661.48918.1 1'.oche, Mary (1 ....... 1:rerian ...........45-6-19 7/ 1/56 3,7,;1.04•9185 Itolstim, litirn D......II:inson l'Ill·k .....·17-1-5 6/23/56 :53:,1.0491X6 Ititeggemier. Opal ....1·'ulton ...........29-4-10 6/23/56 2.191607723 S,1,·age, Nonie Tr'. .....><lier:ird ..........,;6-1-10 6/23/56 ...)-,'.63 - 4, - 0.1.fils; Shattow, Emil E. .....Imne Tech. 1-Ii,zh..30-7-10 7/ 1/5(; 2,597.01'8200 Sinith, Pearl T. ....... 1Ctig·lewood High..40-5-0 6/23/56 .,....'.o_...'-A -0.
91SS Snowdon, Meta M._..Oakrnwald .....,.19-4-101 8/10/56 1.697.:Sf11S9 Sportiintrn, Sylvi:l S. . .IVill.11·(l ......30-5-10 6/23/56 2,58 1.20*9190 Squire, Marie H....... Flowet· Terh. High.·15-0-0 6/23/56 3.731.0·1•9191 Stann:ird, Ina l'. ......Sm·reh Correction .33-7-0 9/ 3/56 2,8:;1.8891!12 Swa,Vite, Augusta A...U'iIHOM Br. Jr. Col.35-3-0 7/10/56 2.950.20!11!)3 Throwmorton,.Tosinh N,I.ane 'Prch, High..·13-9-0 6/23/56 7,11·13.5,;41!11 Thue. 1Iartin J. ....... Imne Tech. High..·15-0-0 7/ 1/56 3,731.04*9195 Ir':111. Therexa (-'. ..... lirid ge ...........39-8-10 8/ 1/5691!,6 Wit]Kh, Mary 13. .......Tzili·y Hil-)1 .......,11-0-0 6/23/56 2,(;16.fit;!1147 -U':ird, Anna M.... S:i,vier ...........32-3-0 7/ 2/56 2,720.4041!18 TVolier, James A. ......Lock; ............44-0-0 8/23/5 G 3.651.·ISWei.9.smiller, Janet ....Lake View High...15-3-10 6/23/56 2.463.16*9200 Wetzel, Guy F. ....,..1-:itie Tech. High..27-9-10 6/23/56 2,37·1.32•9201 Windlow, Olive R. ....Loc·ke ............40-7-0 6/23/56 L#A.928207 Wirth, B€Uiste C.......I'hillips High .....30-6-10 7/ 1/56 2,572.08*9202 Witmeyer, Florence lt..Nighting:110 ......'16-8-If) 6/23/56 :i,082.569203 IVMY<ner, Allna L.....Tilden Ter·11. 1Iigh.45-4-19 6/23/56 :',721.0-1.• Emn·it itx t,·11,·her 1·('firc·,i (1 fter re-i mt)1,1!1111*'itt on *1 1 i m portri·N b,i xix.
Discibility Retirement PrnsionD -·157 Brandenburg , Ruth C . W.. IIycle liirk III ;: 11 . 27 - 0 - 10 2 / R / 56 $ 1 , S16 . 36
Widows' PensionsHA-0!} AA:,it·. Anna B. ~...........,............78-0-0
7/27/56 1,2SO.05( 11'idi, 14: of X//1 1·am·(',i /·«'. .1 imi,·, ti'neher-V,·,1.:ion,·,·)W.\-10 Xi·rley, (}th,1 D. ... 40-5-0 7/13/56 1.400.04(Wi,Ii,11' „f ()t f ir lt. A,·i·li,ii. tim·iici·-1„·,ixicit,·i·)
September 21 128 1956
Pensions ( Crintilitted)
Sum,nary o j Pensions GrantedOptional service retirement pension!4...... SSCompulsiory Service retirement pensions....116Disability retirement I,emsionWidows' pension S ...................... .
1.
On motion by Mrs. Johnsen, seconded by AIiss Burns, the recommendation ofthe committee was approved and the service retirement, disability retirementand widows' pensions, listed above, were granted by the following roll-call vote:
Ayes-Miss Scully, Mrs. Light, Mrs. Johnsen, Miss Taggart, Mr. Meierdierks,MAs Burns-6. Nays-None.
Appointment of PhysiciansApplications for disability pensions were submitted with the recommendationthat physicians be appointed for the examination of the applicants.On motion by Mrs. Johnsen, seconded by Miss Taggart, the appointment oftlie physicians, listed below, was authorized.
Earl Davis, M.D., Naples, FloridaJohn Garland, M.D., Naples, FloridaWilliam Bailey, M.D., Naples, Florida
To Examine: Florence A. Bock, Boone School
Carl A. Johnson, M.D., 104 S. Michigan Ave., ChicagoDuane W. Propst, M.D., 30 N. Michigan Ave., ChicagoRobert N. Hedges, M.D., 30 N. Michigan Ave., Chicago
To Examine: Catherine C. Ek, South Shore High School
Cancellation of PensionsThe committee reported that the following pensioners have been re-employedas teachers by the Board of Education. Pursuant to the law, the committeerecommended that pensions of the persons, hereinafter listed, be cancelled asof the effective date of re-employment.
It-nte of I) 2,1,·Nnine Pendun Ite-emplo,·Iii
It:11:(·!·/ ('1):ir] .: W.... ... 53,3(,6.21.Herts,·114:, Mary (). ... . 1,8!19.GO 4 /3/56C':ir·:,ti:,/ h, M.·iry (;. .. .. :1,(;::2.52.. ..:)/:'/50Diel:, (Grace 1:. ..... .. 1,1 61.60, .!1/6/56Filivett, Gertrude .. ... 2,:,0.08. ..9/3/61;Ki·ener, K.d'ward E. 2,077.50..... ..,1/:L 6(;Larkin, Cerelin G. .. 3,296.28 ..4/3/64Orom, Berna(lt·tte A. . 2,880.00... ..!1/:1/5/;Warneke, Laul·:L I, . 3.127.08.... ... 4/:1/5(;Watson, Heden A. . 3,·146.66 .9/3/56
On motion by Mrs. Johnsen, seconded by Miss Taggart, pensions for pet·Hons,listed above, were ordered cancelled on the datteK indicated hy the followingroll-call vote:
Ayes-Miss Scully, Mrs. Light, Mrs. Johnson, Miss Taggert, Mr. Meierclierks,Miss Burns-6. Nays-None.
Scptemt#·r 21 129 1936
Outside Time and Military Service
The committee on annuities and credentials reported that allidavits. or otherevidence, attesting to or certifying (1) service in the public schools of theseveral states or in schools operated by or under the auspices of the UnitedStates outside of the City of Chicago; (2) time spent in the military serviceof the United States during the pension period: (3) eniployment as a civilservice librarian in the Chicago Public Schools or the City of Chicago; (4)service as a playground or recreational instructor for the City of Chicago orthe Chicago Park District; and (5) employment by the Chicago Board ofEducation as a school clerk were presented for the persons hereinafter listedwith the recommendation that they be approved; provided that in the caseof outside teaching service no more than 10 years be credited and also thatthe last three-fifths of the term of service for which an annuity is grantedshall be in the public schools of the city.
Service Ser,·ice CredilMKnme of M<wilirr Sell<,1,1 (DeMeriliticm) (lrM. MI,0. I):1,/)
Traching Serrice in Pul,lic Schotils or Under Auspices of the U.S.Cooper, Joseph J....~.......sub.titilt; ....... ...Teaching . .. 2-4-10Del 12:11·ero. Elmer H........ Calumet Hi;rh .. .... 7'<:whing ............ 3-0-10Dettmar. Dorothy .1.........T.It.G. ...............1'caching . 1-0-0Do Vm·, I,„ri·aine A......... (i,tge I'.zi·k IIi xh......Te:whing .... 7-8-l A
.. 0-5-0Johnson, Alma IC...............lmerieallization .... ~'1't·:whing ....... 7-9-15McIllre,·vy, Monic·,1 W.......1'erry ................Te:u·}ling ...... .. 0-4-0pw·lm. Throdor,· .\.......... VO·I glit l:r. .Tr. Col. 7-0-0Nagy, Violet 1'...............lrilel-ic:inization .....Te:whing .... ... 2-0-0Nash. G/·ovel· c..............1-)unlmi· 12,e. .........'ri·:R·llintr .... .. 5-0-0]'; tel·H, TInt}e li. .Folm:in ............. .'rp:l{·111111r .... .10-0-01,1,·tell,·1-, 1·.1·110 11.. ......... 1[:iri·i:011 Iligli ....... '1'*·ac·hing ..... 0-11-XI'()li;k:i. ('h:irh,s I' ..... Jrright Er. Jr. C„1.....Te.whing ....... .. 0-3-51'0:ey, Gl-acie W............ Substittite ...........7'caching ............ 5-0-0
1-0-0Itichard.. Adi·lr·11 .1......_. ~Substitite ...........7'i·:whing .... ...10-0-0Sterinv, 11:lttip............. S111).stitlitp . Traching .... .10-0-0W:irm·r, .T:,c'(111('line F.....,.t,irine & Scammon. ..Te:whintr ,.... . 2-9-10westmeld, C,·c·il ..10-0-0Wise. 1:iath IL...............\Iliericallization .....T,·aching ............ 3-0-0
Military Serric,· of thi• United StatesBar:in. 11-,fin It.........~...54(·:Immon ............ililit:try 1-2-10Chink. 1,4·:1,·1· II.... .~. ..... Iril:,m Hr. Jr. Col.....Milit:11·y 4-W-0]I,·11,·r, I):t,-id II........... .('hic':lgo T,·,1. (-'01. .... Milit:try -9-11lioren'.ky. Rohert .\. ..(;/Ill::,111|115; .......... .llilil:Iry 2-0-01:1(„11'.11 .Tos,1,11 Tr..........Heale ................Milital·y -9-5Leirm·. .\rthill- 1:. ...... ..!511r. 1•:(1. |CXI),·liciltill·,·:4.Milit:try -5-0N:tlry. Vinic'l P.........~....Amprie:inization ... .ll,lit:try 1-11-01'(,livk:t, 011:li·1('MI'. ... ~.....Trl·ililt Ih·. .1/·.('01. ..ililitary -1-1 41'(,11:ik, Tvillialll A...........Xlotley ...............Milit:iry X-101'111111,4 Fratik L.............5·;111):litute ...........Vilit:try -1-0
Employment in Otlwr C, hirago Gorernnic.,itcil UIII' t .<Best, Ellen 54... ..~~..~....I>:tribien ............Bc'hool Clerk ......... 2-0-0liucklt·r. 141izzil),·th (;......., SI,1,4titute ......,.... >;(·hool C'lerk...... 0, 1 A
Hym:rn, Edith .............. Ifi,lvrn 1 ':irk 1[igh. ... 1,1~c·reatic)11;11 Instr. O-6-0C;l!·1,4·litc·!'. ]·:Vt'l~'11 1:......... Hic·kerr'izi·k......... School Clerk...... 1-8-0
September 21 13n 1956
Outside Time and Military Service (continued)
Service Service Credib,innie of Mern!,er School (DeMeription) (YrM. M(,M. DnyM)
Employment in Other Chicago Gorernmental Units (continized)Dallinan, Mer>-1 F...........IVel,ster .............!1,·creational Instr. ... 5-0-15
Dwyer, Fr:incts ............13111-. Child Study .....School Clerk .........1-0-0Evers, Justine S.............Sullivan Elem. .......School Clerk ......... 2-2-9Farnsworth, 11:ir#r:iret C..... 1:,·ford ...............School Clerk ......... 1-8-0F,·chner, Lonis,r· 11,..,....... NI,ll-ctil,~tte ........... Hehool Clelk ......... 0-4-10Finegan, Virginia It...,..... I.211·. Child Study......School Clerk ......... S-6-10Fletcher·, Lillian G.......,.,I:111·. Child Stitcly......School Clerl: ......... 2-8-10Gildhaus, Loretto C..........Perry ................School Clei·k ......... 0-7-5Gl:incey. Dorothy E.........Ihir. Child Study......School Clerk ......... 2-3-3Goff, Lola ..................Hun·.................School Clerk ......... 2-3-11firithman, Ge,·trude J........St·hurz High .........Librarian ............19-8-0Harmon, Consitelo M........ phillips Elem. .......School Clerk ......... 1-5-SHynrs, Margiret M..........Cpissold ..............School Clerk ......... 0-9-9Keating Loraine 54.......... In:tr. & Guidance.....>4(·1~001 Clerk ......... 3-1-15Kovitz, 1':innie ............. >hilliv:in High ........School Clerk ......... 1-0-0I:111·tz. Mamie M.............Substittite ...........Recreational In~tr. ... 5-5-16M (Evoy, Miumiret M........ 1:121-. lizi:iness Ed......School Clelk ......... 5-9-6NIcKenna, Anne F...........I.r·llor·ne.............Recreational Instr.... 3-5-2Novak, Joseph F.........,..f-,gr· Park High...... Recreational Instr. ... 6-0-10O'Brien, Kathryn E.,,.......Sullivan High ........Recreational Instr.... 4-0-5O'Keefe, Beronice W.........Amoricanization .....School Clerk ......... 2-9-8Pierce, Patrick J............Plgd. ................Playground Iniltr. .... 0-3-10Prucha, Helenn C. .......... Mason ...............Recreational Instr. ... 1-5-13Schwartz, Flotence B....,...Din·win ..............School Clerk .........1-9-13Shnpil·o, 11,·1~,·ec:, H..........I:oc,sevelt High ......School Clerk ......... 2-5-10Simpnon, .1,·ssie 11...........Bowen Iligh .........Recreational Instr. ... 4-0-0Slar·,·tsky. Frieda ..........I.owell ...............School Clerk ......... 0-5-0Wattrrmm. II,·1,·ri I,.........Owen ................School Clerk ......... 4-9-15Young, I.ynnotte M..........Dunl,nr Voc. .........Librarian ............ 6-0-0
On motion by Mrs. Johnsen, seconded by Miss Taggart, the outside timeand military service for the persons listed were approved by the followingroll-call vote:
Ayes-Miss Scully, Mrs. Light, Mrs. Johnsen, Miss Taggart, Mr. Meierdierks,Miss Burns-6. Nays-None.
ADJOURNMENT
On motion by Miss Burns, seconded by Mr. Meierdierks, the meeting adjournedto meet at the call of the Secretary.
Recording Secretary.
October 5 131 1956
REPORT OF THE PROCEEDINGS
OF THE
Board of Trustees
OF THE
Public School Teacher's Pension andRetirement Fund, City of Chicago
Adjourned Regular Meeting-Official Report
Friday, October 5, 1956
An adjourned regular meeting of the ROLL CALLBoard of Trustees of the Public SchoolTeachers' Pension and Retirement Present: Miss Scully, Mrs. Light,Fund was held Friday, October 5, Mrs. Johnsen, Miss Taggart, Air.1956. Meierdierks, Miss Burns-6.
The President, Miss Scully, called the Absent: Mr. Whiston, Mr. Haggerty,meeting to order at 4:00 P.M. Mr. Marshall-3.
L
(ktot,cr 5 1,2 1956
MISCELLANEOUS BUSINESS
Appointment of Members of Canvassing Board
In accordance with by-law 7, section 5, the Board of Trustees chose by lotthe following members of the canvassing board from those judges of electionwho had previously indicated a willingness to serve as such member.
Nnme Me]1«)01 DiM trtct
For Ternis of Tic(, Years E.ncling S,•ptember 1958
LaVerne P.egnell ..Cooniey ............ ....NORoselyn B. Montbriand ... ..Truinbull .......... .No. 2Rom C. Stagg ........... ..Sullivan lii;:11 ........ .. Nn. 2Leonard H. Sc,110 ....... ..12„1·em:111 I.Iigh ..... .- .No. iPerl 0. Drah,·int .\r-(,1~~1:U,· .......... ...Xci. .1
Helen S. O'Leary ....., ....Ii·vin;r l'ark ....... ... b-4 4H:ll·Ii,·t M. Hall ........ ..!.iI·':ir·ette .......... ...ic). 6
Kathleen Crain ......... 1.0.'·11 ............ .. N0. 6
Anthon>· A. Gralir,wski . ...Von 1-Iumbolcit ....... ..NO. 6
Chal·lotte Woodard ..... ...McI:inloy Elem. ..... No. S
1-Ioward T. Mus:on, Jr. .... ....Modill ... No. SCyrilla Hoyle ............ .. Xlont<·Morr ......... .. NO. S
Iliii·othy O. Andermin . . ..Fely'-'nth:,1 ......... ..An. 10
William B. White ...... ..I )1'11:4· .............. ..NO. 10
Mary Thelm:l Blitts ...... . . Douglas .. No. 101.-I·ances D. 1\Ie(/rilingh .... ..I.,·wis-Chailiplm .... ...No. 12
Helen L. White.......... ..Engle wood I I igh ... . .NO. 12Frances E. Carroll ..... .. Tilden Tech. High .. .No. 12Arthur }C. Ilint€·I· ....... ··· Wilson Jr. College ... .. No. 1·1
Fred M. Manz . . . Parker Iii.:fh......... .. No. 14
1 lutli II. 1 ji·nnis ........... ..N..11
Crirtis 1-:. I-lunter ....... ...Chic.:1#. Forational .. No. 1 1;
Muriel:\. Young........ . . Mann ............. .. No. 16
Ditia I:osi ··············· ...(2.rtis . No. 16
On motion by Mr. Meierdierks, seconded by Miss Taggart, these appointments
were approved unanimously and a report was ordei·ed printed in the pro-
ceedings of this meeting.
ADJOURNMENT
On motion hy Miss Burns, seconded by Mrs. .Tohnsen, the meeting adjourned
to meet at the call of the Secretary.
6=Z-z //Recording Secretary.
Novelill,cr 1(, 133 193(,
REPORT OF THE PROCEEDINGS 11
OF THE
Board of Trustees
OF THE
Public School Teachers' Pension andRetirement Fund, City of Chicago
Regular Meeting-Official Report
Friday, November 16, 1956
A regular meeting of the Board of Trustees of the Public School Teachers'Pension and Retirement Fund was held Friday, November 16, 1956.The President, Miss Scully, called the meeting to order at 2:00 P.M,
ROLL CALL APPROVAL OF MINUTESPresent: Miss Scully, Mrs. Light, On motion by Miss Burns, secon(ledMrs. Johnson, Miss Taggart, Mr. by Mr. Meierdierks, the minutes ofMeierdierks, lili·. Pasnick, Miss Burns the regular nieeting of September 21,1956 and the adjourned meeting ofAbsent: Mi·. M:~i'shall, lh·. Whiston
October 5, 1956 were approved as-2. printed.
L
November 16 134 1956
REPORT OF THE RECORDING SECRETARY
Election of Trustees
The Recording Secretary, Miss Burns, presented the following reports ofthe Canvassing Board on the certification and election of candidates forthe offices of trustee and a communication from the Secretary of the Boardof Education regarding the election of Mr. Raymond W. Pasnick.
(:i ,rtific{ition of (. midificit¢· s Iry thi · (: fii , ,· fc :.: ing / hicird
'The c,1111·(IMMing bourd reportt: thut on Octulier 17. 19.6, pctition:t jor the billuminv ,·1111(li-ciat (8 for ti·:imt,·c of the J'u blie 8(:hor,1 '1'C(telic)·A' Penxion and Netirement Fund it·cre I.rain·ined in rieriii·, 1 , 111 (· c trith the prot · i : ic, n Of bi/- lin ,· 7 . ·4 (' difin X . li , ic '/ 1 petition tr { IM : it /",·d 1 , 1 /no 1(88 than 25 ,·fintributors to tlic t)(maion Jioni (inil trax Bted ten (1(11/8 bejo)·c th{: eleelionon October 26 , 1956.
Therefore. the chairman and Ree)·ct arv of thia board cci·tin# to tlic )·cco,·ttiiati xerritari, Idthe board 01 tritxteca that tlic jolloicing pe)·80,~8 are entitled to lic <·ing<ti,late. for theoffic£ 8 01 trizBter. 01 the Public Ach 001 Teachera ' Pcnxion ali , I Reti,·cment J·' und (d (; hicaul ,for the term indit·lited, and re,121('Rt that the 11(tmea id t·,indifintra entitled tn 1,4 1)laced nnthe ballot8 Bhatt lic mtated xii flint ench imme *11(11{ clplicar in *·flch 1„Mition. >u, 1,11· ttl4pr/8,9ible, On 071 fill,fil n ?,mlic,- of 1)n?lot?.
For 3-Year TermsI,·a Moncll
MUS<In SCUZZ;/Loura M. Light
(Mened ) A-, 17 '11 /,/·.' 19 .\' f %'. 1 /\ ( Xigned ) :iRTHI N le . PETRIEAccretal -//, (.~111' ".Billf/ 14 (, fl )'( 1 Chairman , ('( rni'(lawing lioni·d
Stati,nif·nt by Ca,11·fissing Board i,/ 1'01,·s and Ballots Gist
Stot (- inent of l ' otc.: ('ip, t Statement of 11 (zibitr (:ast/.nui ·u M . 1, if/ht .................. 8 . 998 I -(111,1 11 (illotil ................... 11 . 991
517h·a N. Monell.............Tot(11 Bullot8 C{inuctRA:(I....... 12.31 5
Xtrit ,· 4.f IllinoiR ] The frndc,·Migized Chairman und Xecretarj, o.f th t: ('( liti:(issinfl('(juittli of COOk , 88. 110(11·(1, Belected froin tlte contriliuting incinliers (,f the tecicllin.!1Citt# 01 Chicit!/O 1 Mi·ce in thi' manner provided 1,1, tlit'. 1111-1,nwa (d the. 11(mrd of
Tritite('R of the l'tiblic Aclu)01 '1'cut·lina' I'rnsion lind Retircmentihind rd ('llic:(19(,, Iii·.'REFEY CI·.'R'rfl'Y tlicit tb,· forefjoinN £14 n frue (111,1 (:w·,·ert t,t,it,·-went of the 'uotcH (' tiBt for each candidate for the oflici. of truatee . at the rk ,· tion heldin e.(icli Rchool (ind in cal·h polling placc in Chiritim on October 26. 1956 : thitt an w'count0/ all osi,·ial ballot,f /1,ul lic·,1 mcide und ,·f'i-ined; and that c·(irli of f/ic .folloicing candidateR received n 1,1111·(ilitlf €)1 (111 1'011 R ,·ilit tor hiR r{'1:131·('tire vottition and {R dechirritto be d,1111 elected trulder for tlir term in(licated.
El,·cted for 3-Yi•cir Terms
f , tiura M . Light S :umn Ner, Nv
GIVEN under imr licindx thie 21; th *1 (1 ! 1 *, f (1 ,·tijl, ri ·. A. 1 ).. 1956
69if/'ird) K.1 77/L/·,T.%' C.'R.·4 1% (Nifincd) ..11£THIT/~ R. 1,1,7'lal'Kce,·rturl/, Canraasing It<,ard Chairmcin, Con,1(1881,1 !/ Board
No,·citilier 16 135 1956
..1 Cit,111,1, ililicati(In fro iii tiw St,cret,try <ij the lic){ird of I<(htration
Citu Of Chic·(tvo
. lti88 1 .' 1 ·¢' 11 /„ ,~ ' h „dum/. 1 ... i „. titin .Ki (·,·f '/ ci ,· 1/ , ) etut„· i - 23 . lp :, 1;public School Trit;11,·1·x' Pension and Retirement n 11,1228 .V. 1.Ii.%,ri/,· .,<tr,·,·t. chic·n,/0 1. 1/hit„„Dear MiNA o lund ::it the m,·ctint; 1 ,1 the ihmnt „ f 1 ; dit ,·itti , i ,1 * d the City of Chic ·ity/ 0 huM 112 ,1 ,11 Nd" 1/. Oc · tolic ,·2.5th, .lfr. RI:!/mond W. 1'087:irk trcix lioillinat<·<1 <ind chetrd to Ecric' al: a member c.f th<Board o.f Tritateex id the Public Xehool l'ect, her>' PCMBion {in,1 1:etirement 1·'und ft,i· n tennof two 1/((11-8 effeetire N,) re,)21,(i· 1. 1956. ditr fo the fact that Mr. Thoint, 8 .1. 11 (10<Jert!08term had r.rpired.Sincerely Vours,
C .fismcd 1 //. //. Ruck. Sce,·c f ary.
On motion by Miss Burns, seconcled by Mr. Meierdierks, the reports ofthe canvassing board and the communication from the secretary of theBoard of Education were accepted and ordered printed iii the proceedingsof this meeting; the documents pertaining thereto were ordered filed; anda letter was ordered sent to Mr. Thomas J. Haggerty expressing the trustees'appreciation of his contribution and ser vice to the Fund and to its par-ticipants during the past eight years that he served as a trustee. Thismotion was appi'ored un:iilimously.
Motion to Suspend Order of BusinessOn motion by Miss Burns, seconded by Miss Taggart, the rules were sus-pended in order to consider Miscellaneous Business and the reorganizationof the Board of Trustees. This motion was approved unanimously.
MISCELLANEOUS BUSINESSReorganization of the Board of Trustees
On a motion by Miss Burns, seconded by Miss Taggart, the rules Weresuspended in order to proceed with the election of oil'icers and chairmenof committees for the year ending on the date of the first meeting afterthe 1957 election of trustees. The following nominations were macie for thefollowing oflices by the persons indicated:
SUM;111 SCUHy. /'/'i Mi(/1·/11 .
My .Ur». 1.ight1 . atim Lit:ht . 1 . i - Prr Mi< h nt . . .......................... ...... ltv Miss 1 : 11 · nx
......... .1/- ?drs. .li.jin», uItel,·Il 'ragg:Irt. /N·wd#g Mu·f'ta,7/...... ·· .............
......]ty Mrs. 1.izhtLnura Light, Chim·man. Com,ititti·e on 1''ii[((/1(·c ... .
...lty Miss Ta :irt
M:11,1,1 .1,)1111:4•11. f'//cil,·;~1(11. Cont„1. oil .·litnicitieN (tild Cred,·,ifir,1... .... .1:Y Miss; '1.;igg,11·1
Etliel Burns . C 'httir },1 ,1 H . COM M . 0 ,1 121181011 1,( 110 and Rtile ,4 .... . . 1 : y Mr . Moitrilierk .
On motion by Miss Burns, seconded by Miss Taggart, the nominations wereclosed and the recording secretary was ordered to cast a unanimous ballotfor each nominee. This motion was approved unanimously and the trustees,named above, were declared elected to their respective omees to take effectat the CloKe of this meeting.
Nove/nber 10 1.6 1956
REPORT OF COMMITTEE ON FINANCE
Reimbursement of Contingent AccountThe committee on finance reported that receipted bills, cancelled checks, bankstatements, and other supporting documents covering expenditures for theperiod from September 20, 1956 through November 13, 1956, inclusive, andtotalling $898.88 were audited.
The committee found that expenditures had been made properly and recom-mended that this account be reimbursed in the aforesaid amount.
BillsThe following bills were presented with the recommendation that they beapproved and paid.
Atinm StlationerM:9/29/56
to Oflice sill)1,lies ......... .5 166.7110/31/56 Credit for '; binciers. . 100.50 3 66.21
]56):Ird iiI Edue:atic, 11 of the Cit j i,f ('hien;r„:10/23/36 For ),1·(·11:uration of tabulating Cal·ds .how-
ing tenchers' Hal.Lry deductions for c:·ic:11p:i>'r,)11 period from 7/1/56 to 9/30/61; 77.21
14. 10. Hoc*hm Comimny: 27.7610/2/56 Mimeograph Supplies .............,......
Ellkiency, Inc.:9 / 31 /56 Printed relisti ·: itioll shculs ............... 199 . 2x
'1'he Gener:11 1•'irei,rci „li 11#4· CO.:10/2,1/56 4 sets 1)zill b,·.iI·ing e,isters 16.00
HayeM Mt:atirtical Mer,·ice, Ine.:!1/28/5G Actual'i,Ll statistics .Lild 1118U1'anCe repul·t. 016.60
to Pension payi·011 (Sept. & Oct, 1956) ...... 184.0511/13/56 01!ice administration ................... 187.56
Finaticial Stathtics ....... ...........37.85 926.05
Mtire]1:int CatleullatorM, Inc.:11/1/56 Service on calculatur.......... 8.45
MeCormick and HenderMoll, Inc.:9/1/56 Printed forms and supplies ........ 1,·156.20
to .Tune proceedings ....................... 562.·to10/30/66 1-'obtage, sul)I,lies :ind Hel·vice for nmiling
election liotices.................. 119.10
2,139.70Ci·edit a//c errut·... 75.00 2,06·1.7(1
lt:in,14,]lih 11"1 442 1,1,1,el ('„.:10/th/56 Ballot boxe. ................................... 47.62
Reinillwton Illind:10/21/56 Service on :idding tilachine...................... .._w
St:indiard Re,41,4ter C:(,1,11)1111.1-:9/19/56 6,000 Federal inconic· tax forms (1099)........... 51.37
I'lay,steizins:10/11/56 Prolist, Dimne W., M.I)., i,x:it,i. iii Catherine Ek. 10.()010/11/56 I-lodge.:, R., M.D., Ex:,113. of C:itherine Ek........ 10.01-110/19/56 Garland, J. C., M,D., Exam. of Floi·enc» Hoc·k. . 5.(,010/21/56 14:Liley. IV. J., M.D., ]Cx:i,11. t,1 1·11<11·,·tic·,· 14,„·1,- .. 15.00
$3,533.04
Nrn·/in er 16 1')51,
Refunds and Death Benefits
The committee reported that documents pertaining to claims for refunds anddeath benefits for persons listed herewith were examined and verified. Ap-plications for refunds a/c resignation were made by persons who are nolonger employed as teachers by the Board of Education. Application forrefund of contributions for widow's pension was made by a person who wasnot entitled to such beneft at the time of his retirement. Claims for re-funds of contributions and for benefits payable on death of teachers andpensi(mers were determined after certifying dates of death and establishingproper evidence for each beneficiary, administrator or executor. The com-mittee recommended, therefore, that refunds and death benefits be graiitedfor persons listed herewith in the amounts specified.
The committee reported also that in the case of contributors, listed herein,pension deductions by the Board of Education for the 1955/56 school yearexceeded the amounts required by law. The reason for the over-payments isthat these teachers received salaries on two Board of Education payrollsand duplications in pension contributions resulted. The committee recom-mended that the excess pension contributions be refunded.
The committee reported further that other refunds to contributors, listedherein, were paid at the time reports on audits of such contributors' accountswere submitted. Iii each case, the refunds were due to changes in rates ofcontribution for creditable service or to other required adjustments in theapplication of automatic increases in rates of contribution by the Board ofEducation. It was recommended that the payment of these refunds be con-firmed and approved.
Refilii(ip; 11/«• ]Er.14-Ilition:
Alfers, Jo:in 1 . $ 703.78.
Armstrong, Mai·y 71. C. 383.00Boone, Sarn McGuire ., 322.26Benjamin, Helene E. . - 654.00Blanchard, learl W. 195.00]3rufke, Carol C. 22.50Compton. Dolores M. 364.00Conk, Margaret W. ... 465.00Davy, Alice Virginia . 47.50Doyle, Ifitricia 290.25Dyel:man. I.olli:c! M, ... 183.00T<'ev, Carol L. ......... 839.84Goldberg, Gloria S. ·136.007-Inzellforn,.Tor·re lf. 99.00I[en:urhan. Rosemary .... 307.00Herson, Eleanor B. .....
2,030.36471.14Hess, Olivia G. ...........
Howard, Odette M......... 522.05Johnson. Vivian In·ing . 734.SOKaiser, Friedel B, ...... 56.25Kindelin, Virginia It, 1,518.81Knight, Helen It. ............ 539.84Liel), Regina 375.50Lockard, 1Carl N 807.50I,ogkill, Marie V. ........... 307.00McCarthy, Jaines T. ..... 1.219.31McCracken, Joan IT. ..... 448.00Meyers. Jo:inette F. ...... 591.73Mitchell, Carolyn 13. 22.60
Novemlier 16 138 1956
Refunds and Death Benefits (continurd )
Refunds n/e IteRign:Ition: (continued)
Morris, Esther Z......... ·$ 681.17Nearhoff, Phyllis .......... 337.54Nussbaum, Brynn J. 267.00Pauly, George P. Jr. 292.56Persky, Jack .......... 1,)~~56Philbin, Michael J. :i.,-.50Pritchard, Bonnie J. 23·1.00Seidmon, Shrila IC. .... 60.20Silverman, Thalia ...... 623.00Smith, Nancy J. ........ 257.57Strobel, Elizabeth -W. ..... 171.50Tecotzky, Sylvia G. ..... 614.64Teplitzky. Estelle R. 206.64Tom, Grace M........... 75.00Topping Joan S.... 092.08Udell. Mildred .......... 339.00IV-alsh, Joan Margaret . 292.50Wricle, Charlotte M. 86·1.00 522,9SS.7 7
Refund Of ContributionM for Ii-tdoir'~ 1'ۥ11,41011to Perwon Not Entitled to Such Benefit:
Lee, Merrill William .$ 242.00 2.12.00
Refund,E of *relimilinted Contriliutioilv oil Denth:
Anderson , Lauretta M . ( Lnurettn J . .\,ideraon Froclicli ,Maric M . Andermon ..Folin E . Ander ,init . brnellrinrieR )... 5 7 , 417 . 25
Anthony , Ruth G . ( Kntlicrivir Anthon !/, benrficia ·11 ) .... 2 833 . 00Chihak, Linda R. (Trilliam U. Chilink. licndirinri/)..... 1 752.00Clnusen , David C . ( Ht, lina .Iran Afriditrn . benrflciart/)... 735 . 80 .Forenezy , William S . ( Helen 8. Frrcncrit . 11 *ii,·) 187 . 56Hartwell . Ruth G . (The Catran, Prembliterinn Church of
Rotind Lake. Illinoist, beneflcia,·!i) .................... 2.1 5 1 .29T,yden , Mary V. ( Lucile Luden mid ThomaR E . Luden .
bcnellciarieR ) ..................................... 1 , 087 . OR *O 'Connor , Minnie C . ( Robert K . Wallace , administrator ) 1 , 657 . 46 *0 ' Donnell , Elizabeth K. (Joan Elizabeth Fort rind Kntlt -
crinc -inn O'Don,1111, brne/lciarieR). . 3,712.50Pled ,rer. Dorothy K . Thomas ( Orn Mur Thomnn. benr-
flcian,) ......................................... 0 865.32Powell , Alda H . ( Aria Poirell , bounria ,·10 2 , 816 . 50Shirey, Helen T . (.TnmeR E. Shirrif . 1} c. neflrial ·li ) ........ 1 , 184 . 00Snilth, Benjamin (,Trrr,/ C. .Nmith, licir) 75.00Stewart , Annetta (Grarc E . Artindalr . bene.nrinni )..... 1 , 304 . 49 *Stillirrin , Anna K . C ) fo , qi| n Th,Am ,IM Nulliran . lirn <' flrinru ) 3 , 400 . 50 32 . 142 . 75
*.1,271!,it,/ift
Single I'nyinent nenent on Death of TenchrrM:
Anderson . I ,nurettn M . ( Lawretta .1 . Andcraf),1 /Vorlicli ..lfirrie Af. Ander.Ron,.Tolin I·'. .1,1dirRon, brnefic·farirm) ...5 2,500.00
Anthony, Ruth G. (Kfitlicrinr :17:thon.u, bc,Irtiria,·i,).... 2 500.00Chihak, Linda R. (Virginia 8(11,17;:fin. brile/trim·.1/) ..... 2,500.00O ' Donnell , Elizabeth K . (.loan Eli -ql}rtli Fort and Knth -
inc Ann O'DonitcH. ben¢'17rfrzrfoR) 2.500.00Powell , Alda H . (Ada Poirell. benr ft ,41* lt ) . 2 , 500 . 00Shirey, Helen T . (Ja ,nra E . Shirrif . benrflri , tru ) ........ 1,500.00Sullivan . Anna K . ( M-oroan ThontuR Sulliron . brnrfl ,· inrit ) 2 , 500 . 00 16 , 500 . 00
November 16 139 1956
Refunds and Death Benefits ( roiltintted)
Single I'nyment nenellt on Denth „f '1'encher--14.,IMI„nerM:
Claus;en, David C. (11,/li)111 .1,·41,1 .lfar/Ren, beneticing·,1/) . . .$ 500.00Lyden , Mary V . ( Lticik I. 1 *de ,1 . beneficiarp ) ............ 500 . 00O ' C „ r), 1 (, i ·, Minnie C . C . lunc .' K . Don ,mur. 1·'Rther C.
I:,111; (ind Elizabrth C)' Xcit , 500 . 00Paynter, Lilhan 11. (/)0,·thcci 7'llomli:on und .linric
77,0,71;1.40,1, M·nrticiaric.9,' 500.00,Stewart , Annetta (Grn,·e E . Arin ,hiTc . 1,en ;tiri,tr!0 . 500 . 00 2 , 500 . 00
Rerund,4 n/r ICXCCM, Deduction* hy Honrd of Edi,ention:
Bowles, Elvt·la F......... . $ 22.50Brocld, Lois Marie ..... ·· 67.50Costanza.Bain D. 29256Frank. Mark . 243 4Hmtirlinwout. Jerome . 42.21Hofrman, Joseph G. 15.OnJaffe. Hyman.......... 14.07Janowsky. Sherwin .... .. 42.21Kitlicins, James J..... .. 168.84Rrpros, Irene . 11.25Mitchell, Jack . 14.07Sharpe, Frances D. . 11.25,Shea, Edward TV. ....... 2 S.14Somi·ok, Richard .... 43.14,Stahl, Dorothy H..... .... 11.25Willingham, Alfonso ... 42.21 554.2·1
itefiand,4 19/e .1(111'Mintri:fM in Rntr,4 of Coiltrililiti(inM:
Cndwell. T.011 1 v AT. ....... ..5 13.30Cartel·, Helen W......,..... 70.23Casfborn Providenza M..... . 23.28DiT.ro, Marr L.. 15.92Frairale, Knthrrine C. .... 41.20Friedman, Norton M......., · 43.70Hogan. Hilda T........... 109.50Hozilihan, George P,....., 56.95Hz:frmon, Douglas V.....,.. · 10.68.Terrerns. Raymond T.. ... 17.75Johnson, Dollora .. 16.SOMagrady, Maryellen...... . 86.95McCarty, Dorothy P. 165.50MeDacle, Diane G........... . 14.3 SMrErle:in, Tsabelle C. . 14.00O'Connor, Betty Ann........ · 71.75Pnnos, Marinn C. 142.15Parks, Mary S. . 63.90Schnitzer, Marguerite . 200.00Stipley, Elin n.......... . 2.00 1.180.00
$76,448.46
On motion by Mrs. Light, seconded by Miss Taggart, the foregoing reportsand recommendations of the committee were approved. For each accountshown above expenditures for reimbursement of the contingent account,payment of bills, refunds and for death benefits were authorized and con-firmed by the following roll-call vote:Ayes-Miss Scully, Mrs. Light, Mrs. Johnsen, Miss Taggart, Mr. Meierdierks,Mr. Pasnick, Miss Burns-7. Nays-None.
Norrinher 16 140 1056
Issuance of Duplicate WarrantThe committee reported that the person named below requested a duplicatewarrant in lieu of the following described check which was received andlost. An affidavit, certifying this loss and indemnifying the Fund againstany liability, damage or expense which may result by reason of issuing suchduplicate warrant, was submitted also.
Nume 1 innunt Number D nte purPOMe
An,11·,?ws, Ada M. . $113.36 714052 8/30/56 Prn*ion payment
On motion by Mrs. Light, seconded by Miss Taggart, the recommendationof the committee was approved and the warrant was ordered drawn by thefollowing roll-call vote:
Ayes-Miss Scully, Mrs. Light, Mrs. Johnson, Miss Taggart, Mr. Meierdierks,Mr. Pasnick, Miss Burns-7. Nays-None.
Purchase of Bonds ConfirmedIn a mail vote prior to the date of this meeting and in accordance with theadvice of Standard & Poor's Corporation, investment counsel, the committeeon finance reported that the following securities were approved on the yieldbasis noted plus accrued interest. The committee recommended that thepurchase of these securities be confirmed and that the bonds be registeredin the name of the Fund.
.imotint DeMeription i, f Bond,4 Date of Dnte of To(Iinr 1-ziltie) Nnme 4, f Firm IMMue Maturity Yield
5100.000 National Steel Corporation. 334% 11/1/56 11/1/86 3.89';First Mortgage Bonds
R. S. Dickson & Co.The First Boston Cori).,Trilion Collins & Co.Harriman Ripley & Co.
100,000 Missoltri, Kansas & Texas Railroad Co. 9/1/56 9/1/60 4.10 f:3%9 Equipment Trust Certinctites
Salomon Bros. & Hutzler100,000 Pi·tin.sylv:itil:, Trrilh·r):1 11 (20., 2,55 7/1/52 3/1/64 4.25%
Equipment Trust Crrtincate,Salomon Bron. & 1Ttitzler
100.000 Reading Railroad Co.. ·ts; Equip- 11/15/56 5/15/63 4.00%ment Trust Certifientef4
Salomon Bros. & I-Tritzler
On motion by Mrs. Light, seconded by Mr. Meierdierks, the above trans-actions were approved and confirmed hy the following roll-call vote:
Ayes-Miss Scully, Miss Taggart, Mr. Meierdierks, Mrs. Light, Mrs. Johnsen.Mr. Pasnick, Miss Burns-7. Nays-None.
y,r
November ]6 141 1 ')51;
Order for Purchase of BondsIn accordance with the advice of Standard & Poor's Corporation, investmentcounsel, the committee 011 finaner recommended that the following descril,edbonds be purchased on the yield basis noted, plus accrued interest, that theybe registered in the name of the Fund and that they be accompanied by anapproving legal opinion.
Amolint DeMerilition of 11(Ind. Date of Dale of '1'0(I'ar Vallie) ; irme (if Firm IMMIle ~Int,trity Yield
3 50,000 Cook Co., Ill., Loyclen Community 10/1/56 10/1/75-76 3.90 9H.S.D. 23212. 4':; School Illdsr.
Robert Vick & Co.
On motion by i\Irs. Light, seconded by Mr. Meierdierks, the above describedsecurities were ordered purchased and the executive secretary was authorizedto proceed in accordance therewith, by the following roll-call vote:
Ayes-Miss Scully, Mr. Meierdierks, Miss Taggart, 1\Irs. Light, Mrs. Johnsen,Mr. Pasnick, Miss Burns-7. Nays-None.
REPORT OF COMMITTEE ON ANNUITIESAND CREDENTIALS
PensionsThe committee reported that applications for pensions were presented forpersons, hereinafter listed, with the recommendation that the pensions beapproved and granted in the amounts and under the conditions set forth here-with. In the case of each applicant for service or disability retirement pen-sion, the employment of the teacher had terminated officially, the legallyprescribed minimum years of teaching service were completed, and require-ments with respect to age (if applicable) were fulfilled. The applicant fordisability pension was declared by three competent physicians to be sufferingfrom a disability which wholly and presumably permanently incapacitatesher for teaching. The applicants foi widows' pensions furnished properevidence of their rights to receive such pensions.
Member'p; School Sen·tee To .inniialor YrM. Dnte PenRion
No. Name of Teacher ~Irinlier'M Stratti~ MoH. Dny,4 From Rate
Opticinal >ierric,· iti.tirt,mt·,It l'i.ns,cit,x9068 Chevatix. Thelma L....1;ennett ...........S'1-0-15 10/19/66 $2.21,7.529090 Cole , Edith M. S........ Murphv ...........·12 - 5 - 0 6 / 23 /56 3 , 557 . 71 ;9102 Dodge, Mildred W..... . MeK:Ly 34-8-10 6/22/56 ,716.{129142 1•'ogelson. Ida D....... W:11101· High .......43-6-0 10/11/56 ,GAR.;69205 Grey, Irelll: M......,.,~ H:nvthorne ........43-0-0 8/13/56 .571.926807 IIerman, Lillian ......Wells High ........43-6-10 10/27/56 ,632.71;9206 Hickey, Winifred L....Ton Humbol(it .....34-4-0 6/22/36 , S 49.8,09207 Hoffman, Paul F.......'rilden Tech. Irigh..32-6-10 10/15/56 .769.72
Cl r. C
- M ¢1 /I ¢C92OS IItighart, Ethel ,,..... Add:ims ,..,....,.,40-8-0 8/17/56 ,295.449209 Hutton, Gordon S......Kelly High ........39-1-0 9/29/56 .278.649210 Hutton, I-Ielen F.......Dixon .............37-1-0 9/29/56 3,048.4S9211 Jacobs, Kathleen T.. .. . Arnrindien High . .42-0-10 9/29/56 3,612.409212 Keating, Anne C.......1.'ortage Park .....30-1-10 10/25/56 2,314.329213 Lee, Merrill W....,... Ti:ley High ........31-0-0 9/ 1/56 2,551.669214 T,inn, Ruth B..........Dir. of Music.......38-2-0 11/10/56 :t,150.96
November 16 142 1956
Pensions ( continued )
1!ember'M Nehool Service To Annunlor YrM. Dnte l'el,Mion
No. rn,ne of Teacher jIc•nilier'H Stntu,4 MoN. Dny,4 From Itnte
Optioncil Serrice Retirrment Pr// 0 in„: (Con finued )9215 Loewensohn, Bernice T-,Hehneider ..........31-6-10 6/23/56 $2,120.289216 McCoy, Martha E...... Rtc ,osevelt High .... 34 - 5 - 19 3 / 5 / 55 2 , 339 . 529217 .11(Hugh, Genevieve ...TalcOtt ............32-9-10 6/23/56 2,605.SO9218 O'Keefe, Ella F........lilisch High .......·13-5-0 10/27/56 3,6·19.SO9219 Page, Richard M....... I)iv. of Curr........ 20-7-0 10/ 6/66 1,734.009220 Reell, -·inna .1.......... 1·:rnmet ............32-5-0 10/13/56 2,351.765722 Shanoff, Rose M........rettelhorst ........32-2-10 6/23/56 2,472.009221 Swanson, Irma E.......Amundsen High ...31-7-0 10/20/56 2,700.488795 Wagner, Harry N......M'irshrill High .....32-3-10 4/10/56 2,433.849222 Walsh, Angela C.......Budiong ...........37-2-0 10/24/56 3,142.92
Conip:ils,iry Serrice Retiri.numt Prnsions8361 Keener. Edwat·d J ....Farragut High .32-0-15 10/ 2/56 $2,087.52•9223 Kelly, Mildred X.......Moni·o•· ............4.1-·1-0 9/22/55 3,466.41*9224 MacGowan, James C...I-farrison High .....34-0-0 8/12/56 2,855.769225 Ross, Eleanor N........ Hyde Park High...34-6-0 6/23/56 2,903.40S85G Schuessler, Gustav F.. .C:ilumet High .... .30-0-10 6/23/56 2.469.0009226 Ter Bush, Cecilia L....Carpenter .........43-3-10 6/22/56 3,590.28**Emerift{H tearher reti,·rd flitri· rr-rmplot/mcilt on N temporar!1 1)04#.
Disability Retirement PensionD-458 Bork, Florence A......Boone .............20-2-0 6/23/56 1,406,76
Widows' P,·nsionsWT-28 Horschke, Ruth I,........................25-0-0 7/ 7/56 617.52
(IVidoin of William .·1. Hor,tchke. teacher)W'r- 24 Rood, Euphemin F.......................33-1-10 10/24/56 1.19.1.Go
(Widow of Oirrn ..\. Rn„,1, trfirlirr)
Summitry Of Pensions GrantedOptional service retirement pensions.......26Compulsory service retirement pensions.... 6Disability retirement pensionWidows' pensions
On motion by Mrs. Johnsen, seconded by Miss Burns, the recommendation ofthe committee was approved and the service retirement, disability retirementand widows' pensions, listed above, were granted by the following roll-call vote:Ayes-Miss Scully, Mrs. Light, Mrs. Johnsen, Miss Taggart, Mr. Meierdierks,Mr. Pasnick, Miss Burns-7. Nays-None.
Denial of Disability PensionThe committee on annuities and credentials reported that an application fordisability retirement annuity and reports of physicians were examined forCatherine C. Ek. Since physicians appointed by the Board of Trusteesreported that the applicant is not suffering from a disability which whollyand presumably permanently incapacitates her for teaching, the committeerecommended that this pension be denied.
On motion by Mrs. Johnsen, seconded by Mr. Meierdierks, the recommendationof the committee was approved unanimously and the pension was not granted.
November 16 1956
Cancellation of Pensions
The committee reported that the following service retirement pensionershave been re-employed as teachers by the Chicago Board of Education. Itreported also that Mrs. Katherine Andrews, a disability retirement pensioner,has been employed in the public schools of the State of Illinois continuouslysince September 1954. Therefore, pursuant to the law, the committee recom-mends that pensions of the persons, hereinafter listed, be cancelled as ofthe effective date of re-employment and, in the case of Airs. Andrews, thatshe he required to reimburse the Fund for disability pension paymentsreceived after her re-employment as a teacher.
Itnte of DnteX lintr PenRion lEe-employed
An(11·ows, Katherine . .5 355.20. .. 9/1/54Cheshire, Manilla .... . 1,641.GO.. .10/1/36
Dunnett, William T. 1,261.68. . 9/5/56
Peterson, Mar T... .. 1,457.52. 4/3/56
Shea, Grace B....... _ 1,164.GO. .. 9/5/56Smith, Daisy 11.... .. ~.. 2,580.00.. .10/1/56
Timmons, Agne: 11. .. 2,272.56.. . 9/2/56Wnrd, Rriliy n........ 3,121.SO. .10/8/56
On motion by Mrs. Johnsen, seconded by Mr. Meierdierks, pensions forpersons, listed above, were ordered cancelled on the dates indicated by thefollowing roll-call vote:
Ayes-Miss Scully, Mrs. Light, Mrs. Johnsen, Miss Taggart, Mr. Meierdierks,Mr. Pasnick, Miss Burns-7. Nays-None.
Outside Time and Military Service
The committee on annuities and credentials reported that affidavits, or otherevidence, attesting to or certifying (1) service in the public schools of theseveral states or in schools operated by or under the auspices of the UnitedStates outside of the City of Chicago; (2) time spent in the military serviceof the United States during the pension period; (3) employment as a civilservice librarian in the Chicago Public Schools or the City of Chicago; (4)service as a playground or recreational instructor for the City of Chicago orthe Chicago Park District; and (5) employment by the Chicago Board ofEducation as a school clerk were presented for the persons hereinafter listedwith the recommendation that they be approved; provided that in the caseof outside teaching service no more than 10 years be credited and also thatthe last three-fifths of the term of service for which an annuity is grantedshall be in the public schools of the city.
Noveniher 16 144 1956
Mervice Mers ire Crt·(litxNnme of Mcinher 4,·1104,1 ( 1)4'Merititicin) Ck-r.4. Mov. 1)ny,)
Traci:ing Xerrice in I'lilitic· >;cltii,ils li, r *Iler ..11*Apires (ij the Y.S.\mato, Jayne E T.R.G. ............... Teaching .. 1-0-(1Evans. Rose T.............. Hess ...........,....,Teaching . S-0-0Goldber#r, Tillie H....... ..Substituto ...........Tenching 8-0-0Gull,randsen, Al:·cia C. Substitite ........... 'r,·:Le hing :9-0-0Ha.clitnian, Rose C........... Sayre reachinK 0-4-0Mendel, Shirley ............ rettelhorst ..........7'c·,tching 2-6-6rolivka, Charles P. . rV right Br. Jr. Col.... Te:lelling 0-0-GVetting, Eunice W...,......Lewis ................Teaching .10-0-0Wise. Ruth I·I.................\mericanization .....To:.ching .. 1-0-0
Military Serrice of the United StatesHenze, Cornelius F..........Steinnietz High ......Milit:ivy 1-9-0
1.11,ployment ili Ot|wr (:hicagi, 4,4,ri,rn„zi·lit lizitsBurns, Virginia C...........lfarshall High .. .. Playground Instr. ... 2-7-10Crane, Elizabeth L..... .. Wentworth ..... .. School Clerk ......... 2-4-10Cronin. Evelyn R. ..~Toselev .......... .54·hool Clerk ......... 0-1-2,Doherty, Gertrude L.........Wentworth ..... ....Xehool Clerk .... 2-0-10Dolejs, Lenore K........ ..Amundsen Hitrh .....School Clerk ......... 1-9-15Draheim, Perl O.............Avondale ............I)layground Insti·..... 0-5-8Glidewell, Marie .T........... Trentworth ....... .School Clerk ......... ::-9-0Golden, Queenie G.. ........ Romirs ........... .School Clerk ...... .. 0-5-15Hanlon, Barbara G...... ...Tenner ..... School Clerk ......... 7-3-4Harms, Clare B. ..Callimet High ........ I,ibrarian ............ 0-2-15I-Iayes, Mary M... .. Orr ............... .School Clerk ......... 1-9-1Johns, Lauretta M........... Schubert .... .....School Clerk ......... 1-9-10Keri·, Carol B.......... ..Nobel ................School Clerk ......... 1-6-0Martin, Helen C..... ....... Mars:h ...... .. ..School Clerk......... 6-1-0M(Guire, Mary F......... Monteflove ....... ..54,·hool Clerk .... ... 0-9-10Menglier, Mary A........ . . Roosevelt High . ...54(·lionl Clork......... 1-5-0Morrin, Dorothy K..... ...Barnard ...... ..School Clerk ......... 2-3-101~Torrivvey. Irelen 12..... ..Hnven ...............School Clork ...... .. 1-2-8Murphy, Florence . . Substitute . . ..Achool Clerk .........11-1-5Patarint, Lottie C. ..Bowen High . .. Recreational Ili,:ti·. ... 2-6-10Sweeney, Elizabrth H. ..Carver ........... ..School Clerk ........ 2.-1-0Turnhani, Lennie M. .Calumet TIigh........School Clerk ......... 0-9-10Yozinghrrgr, Shirley ......,.LeMoyne .,... .. notreational Inst!·. ... 0-9-15Zielin, .Tennette S. .. Mcpherson . ..School Clork ......... 5-6-10
On motion by Mrs. Johnsen, seconded by Mr. Meierdierks, the outside timeand military service for the persons listed were approved by the following1·011-call vote :
Ayes-Miss Scully, Mrs. Light, Mrs. Johnsen, Miss Taggart, Mr. Meierdierks,1\Ir. Pasnick, Miss Burns-7. Nays-None.
Revision of Outside Time CreditsThe committee on annuities and credentials reported that teaching servicein public schools outside Chicago was approved previously for persons namedbelow. In the case of Richard M. Page, our records show that his resignationwas effective October 5, 1956 and also that he has applied for a serviceretirement pension. Under these circumstances, outside time rendered duringthe 1947/48 school year occurred within the last three-fifths of his totalteaching service and may not be considered in the computation of a pensionfrom this Fund. In the case of Lorette G. Burke, the records of the Board
Norcinlier 1(, 145 195,
of Education show tliat outside time was renclereel concurrently with teach-ing service in the Chicago Public Schools. Iii order to conform with therequirements of the statute, and also to eliminate duplication in pensioncredits, the committee recommended that the outside time be adjusted tothe amounts shown below; that contributions therefor be refunded or ad-justed, as the case may be; and that the records of the Fund be changedaccordingly.
Rei·iKed OiltMid;inme 1)nte cif Out.i¢le Time Time Credit,
Burke, I,nretto i; (Mt. 1413 to June 1944 ............ 5-5-0C o n .·11),·17 /7. 19.-'.5. th £ lion,·d «f '1'im.:ti·r: a/,/1 ,·fi red 9 1/£,1 i·x )
i;ike, Richard M...............>:,·14. 19·17 to J une 19·IS............... 0-0IOn A M. Il l. 131. thr Hiiard,A TM*, M uMmred 1 W'(1,-)
On motion by 1\Irs. Johnsen, seconded by Mr. Meierdierks, the reconimenda-tions of the committee were approved unanimously and the above-describedrevision of outside time credits was club, authorized.
ADJOURNMENT
On motion by Miss Burns, seconded by Mi: Meierdierks, the meeting adjournedto meet at the call of the Secretary.
6:546 43~~ujRecording Secretary.
January 18 147 1957
REPORT OF THE PROCEEDINGS
OF THE
Board of Trustees
OF THE
Public School Teachers' Pension andRetirement Fund, City of Chicago
Regular Meeting-Official Report
Friday, January 18, 1957
A regular meeting of the Board of Trustees of the Public School Teachers'pension and Retirement Fund was held Friday, January 18, 1957.
The President, Miss Scully, called the meeting to order at 2:00 P.M.
ROLL CALL APPROVAL OF MINUTESpresent: Miss Scully, Mrs. Light, On motion hy Miss Taggart, secondedM rs. Johnsen, Aliss Burns, Mr. by Miss Burns, the minutes of theMeierdierks, Miss Taggart-6. regular nieeting of November 1(;,Absent: Mr. Marshall, Mr. Whiston, 1956 were approved as printed.Mr. Pasnick-3.Mr. Morris B. Sachs, City Treasurerand ex-officio member of the Board ofTrustees, was unable to be presentbut was represented by Mr. ThomasJ. Corrigan, Chief Clerk.
January 18 14R 1937
REPORT OF FINANCIAL SECRETARY
Financial Statement
September 1, 1956 through December 31, 1956
IXVICAT.~lICV'I' .1(*Currg'
hai·(·Mtinent,; Sept. 1,1056 nt Par Value(a) Bonds of the United States and of the State
of Illinois and its subdivislons..............$27,513,747.5.10,) Corporate bonds...............--······-···· 3,750,000.00(c) Chicago Board of Education 6% tax anticipa-
tion warrants .....................·········· 100.00
Total $31,263,847.54Add:
Total invested ... 1,921,000.00
33,184,847.64Deduct:
Bonds matured 233,500.00
InvewtmentH, December 31,195(; nt Pnr Vniue(a) Bonds of the United States zind of the State
of Illinois anc] its sul,divisions.... 28,511,247.51(b) Corporate bonds 4,440,000.00(c) Chicago Board of Ed zication 6 g tax :inticipa-
lion warrants . 100.00
In,·€*Mtment Account, Decen,her :11,195(1 111 1':Ir Vnhie. ... $32,951,347.54
ILIC<.1.IC'r< AND DIMBITIZSICME,rTS
Cn,411 11111nnee, September 1,1958Cash-City Treasurer ..... 715,921.20Cash-Contingent fund .. 3,587.34 719,511.51
RECEIPTS
Inve,dment IncomeInterest coupons presented for payment...... 337,187.48Intel·(2Mt income on temporary inveAtmentA. 5,196.83
Tnx Collection,0 Remitted to the FundLev·· for 1949 anc] prior 14,517.32
" 1950 5,198.31" " 1951 3,000.92
" 1952 5,117.08" 1953 5,177.87
·· ·· 1 954 .11" 1955 . 1,587,713.13 1,620,754.74
Contrilbution,~ 1,3· l'nrtieipnint,4 <Sninry Ded,Irtion,§)Regular teachers 2,043,197.25Substitute teachers 134,412.00Ofnce employees 2,168.50 2,179,777.75
Cnnh I'nyment,4 ti) Fund hy I'lirtic'ilinntN(a) For service outside Chirtisro .... 43,405.95(b) For creditable Chicago service. 139,948.98(c) For interest 4,978.07 188,333.00
lion«]M Redeemed at Iinr Value 233,600.00
U. M. Trenplitry ilill,4 liedermed nt C„Nt .. 894,803.17
T.nuary 18 1 4 9 1957
Financial Statement 1{1·:('ICIPTS / continued)
1! | M (' C' 1 Ill 114•(,ll 4
Pim·t·rei: froni >:211· „f 11:,·,1 fitinitin·,·... $ to.00Ret!]11)111·>4~·mt·lit fol· unt·anit·(i iii·lisi(ill 1):1,·llient:4...1'1·,mium (,11 inri)(11-:it; homis c:,11„1 for 1,·(h·niption 20 *666 3 306.31
i'„t:11 1:,·c·,·ilit>: 54,·pt. 1.14.-,i; tlil·nitch 1-h·c. 1,14511. 5,·159,859.36
Tnt:il 15·c,·ii,t: and He:zinning 1771:ince... $ 6,179,370.84
1)1>41/1 /141·'7//·n'/"
1{4·flitl,1,4 of 11(.1111,4.rE ('4)11(rilitati(,i„. (lit,· 1 „(.0 Resignation of teachers.................... :„ . bj.'. 4 >%(b) (-'h:inges in rate: of contribution............. 1.815.9:;(c) Revi:ion of cilitsicit· time credit:.............. 2.50
1.212.6-1Ce) F.ic·ess cli'cluctions li>· lic,:11·,1 ~,f Eclu,"ition..... 054.31(f) R,·th·ement of !11,il,· te:wher>: not entitled tn
willow'M annuitv ... . .. ......... '7!14.00 61,87 6.69
re,iMi¢rn "Ind 11(•tartit inymenlK
Gross Pension Payments:Service retirement .... 5 2,604.063.451 )isal)iII ty .. ........... . ·IS. 317.24
11,929.592.707.21
2,7·17.017.92Decluct:
Blut' Cross-Rhie Shield 1)1·,1-nlitti,14 ri·ithh,·1(1 ......... .. 52.7(IS.0-1
2.1,!,4,309.KS
A,l(l:Bl "„ Crnss-131 "i. Shield Pl·1.-
mium. paid ........... 52,70!).77 2.7·17.019.61
11('11(h 114,1,111( 1'10 men(M
RefundA of rontributions. .......... 56.691.Of;Hingl,·-.11111 hem·fit. (in death iii
21,250.00Single-sum A.neflt: (5500) on d,·ath
of p'·tisioners ................... 4.500.On 95,441.06 2,8·12.460.67
#dmin[,strit(li·e ExpenMe01) 0111('e salaries:
Net .alariev iwid .............. 21.110.23Contributioni for· pensions... 2.1 60.50Blue Cros.-Illtii· Shield pre-
miums withheld. ·102.60Income tax withhold . -/.705.40 1.306.72
(10 Professional 5,9·vicesArtitarial--A. A. Ir'rinber;r,
(7/1/56-12/31/56) ..,.,.,,... 2.,00.00i.esral-Kirkland, 121,/ning.
Green, Martin & Ellis(6/18/56-9/18/56) .,... . 1,250.00
....... "Aim M.S.10.00
(r) Rent-·1 months . 1,602.00(cl) Elpc·tric,itv ... 124.60
117.00(f) Ttilitilating service:
Toache,·M' contril)i:tion rredits:br ll. of le.........,.......... 1,580.17
Actuarial statistic>i :indin.zir:ince reports ........... 1.353.20
PrnAion payroll . 954.0111|11:111(·i:ll St,lti:tiCK .......... 37.S5nmer :1,111)inistration ....... · 209.75 1.175.28
January 18 130 1937
Financial Statement DiSHURSICMENTS ( contintied)
(g) Ollice supplies ............. .$ 1.206.60(11) Oflice equil,munt:
COI)('as(:-I)11(itc,St.it Ill:whint· 1:ix.(1(1Posting trays .... ::7.1.·10Microfilm reader . 317.00Filing cal)lili_·t Und C:,Ht,·rs. . . 145.1/) 1,:;21.50
(i) Printing:OfIice fornis and supplit·.4 ... 2.29.4"Proceedings ............ 92 1.60 :;,lx:;.St)
0) Postage .,.,,,,,..,..,.,.,,,.......,,...,.,. !1!1.1.21;ck) Cost of bond :ind int,·re:t c<,11,·ction.......... 15.4.1
--(1) Blue Cross-Ellie Shield premirims............ ,,1.0,1(m) Membership dues .nici ottici,ill)Ul,liC:lti,)13:, ... 1 K. 1,)00 Microfilming ..... 1.28().Al(0) Ilcillings Rest:Lui·ant C (-·an r .IN:ing 1,0.11'd &
trustees) ................................. 107(p) Remodeling fee-9 ........................... 75.()0(q) Mikell:ineouM extienses ..................... iT.4:; 6 49.517.10
U. S. 'I're,iMury Bill,4 1'1,re]1:1 MA·(1 111 CONt . . :19 2,59 2.5 SInic'Mtmentw
Bonds pun.:hased (D:LI· Vallip) ...... 1,i)21,000.<10Premizini I):iici . 4,524.05
1,925,524.()5Less discount 63,715.76
Purchase price 1,861,778.3()Acer·ued intel·est paid . 1, s 74,!151.69
M i Nce l l Zi ne O UM
Unclaimed checks ret}laced.................... (;:; 4.71;Income tax I)revioujily withheld............... 1.:50Itefund of pension contribitions clecizic·ted in
error hy Hoard of ICAUcation................... 232.56 X71.62
Total I)iM|)11/MententM. Mt·!,t. 1, 11)5(; through Der. :51, 1115(;. 5.*22,270.35
Caipita Ii:ilitnee, December 31, 1%¢;Cash-City Treasurer .... 362,426.7-1Cash-Contingent fund . ... ·1,673.76 5 ,;57,100.·19
itest,ectfully 14ubmitted,
(;ICORGIC 0. MICIERDIERKSFinancial Secretary
On motion hy Mi: Meierdierks, seconcled by Mrs. Light, the four-monthstatement of the Financial Secretary for the pei·iod from September 1, 1956thi·ough Deceniher 31, 1956 was :ipproved and orclered printed in the pro-ceedings of this meeting.
January 18 151 1957
REPORT OF COMMITTEE ON FINANCE
Reimbursement of Contingent Account
The committee on finance reported that receipted bills, cancelled checks, bankstatements, and other supporting documents covering expenditures for theperiod from Noveniber 19, 1956 thi·ough January 16, 1957, inclusive, andtotalling $648.19 wei·e audited.
The committee found that expenditures had been made properly and recom-mended that this account be reimbursed in the aforesaid amount.
BillsThe following bills were presented with the recommendation that they beapproved and paid.
Atili. St:Iliniarr,~:11/30/56 ()met· .111)1)lies .. 5 29.4812/29/56 0111(·e >all,plic. . 36.57 5 66.35
1.. H . Ilt)(•lin C'}13:[mnj·:11/23/56 Milneogr:11)11 Supplie< . . 49.1 512/ 6/56 M Inic'(,gl,il)11 5,11'tiliev i.911 ..,
nurrough, (*„rporntlin:12/ 1 /56 Maintenance for }luri·orighs adiling ma-
chin,·. 12/10/56 to 12/;0/67 .............. 18.00
C '01)enqr Corillrillilll:11/21/56 Suppli€* for Col}0:1>:e Thiplex !1121,·liine. . . 15.60
.Critehell-Miller I!,Mitrance Aicency:12/24/56 Public employer: honesty 1,1:inket bond
C 3 yrs.) 12/2,1/56 to 12/24/59 ............ 230.871nte'l·int· and niossenger· robber>· Ct rl·s.)
2,3.'.5 4 4"6.4512/24/56 to 12/24/59
Felt S Tarrant Mfir. Co.:12/ 1/56 Service on coinptoineter ..... 3.40
II:ayi'*4 341 :itilticill Ner,·ice. Illl•.:11/3(,/66 Holitint· chanires in pen:ion payl·(ill :inci
t{, 1'156 incom,· tax reportg.,,.............. 188.401/15/57 .\(·tuarial :t:,listies and in:Ura!1(·i· 1(·port. 557.00
106.30'|'enchers' rolitribiltion (·1·,-•clitH hy lic,lird„f IC<luentic,1, ......................... 432.20 1,283.90
11:11·Hhit l]-Jitc·kN,)11 C ,)1,11)Illl,':
12/12/50 1 Steel cabinet ........... .12.50
M,·Cormic,k <111(1 114.1,(ler.„Il, Ille.:11/ 2/56 Printed formM anti Supplit 564.85
to Septumb,·1· 1>i·<,creeling. ..··············· 542.501/ 1/57 Th·intiniz, post.iKe, supplie: and :2'1·vic·e for
mailing 21,000 1,ulletins ................ 376.10 1.533.·15
1.1(11€ ..1.8..'CM, 111*·.:
12/11/56 11(,Sti,g,· Tneter rental 12/1/56 thi·{,tigh 2/2.</57. 76.00
1.inii.tr, 18 152 193:
Bills ( continued )
Reming'(il' Ii:ind:12/ 5/61; -\(1(]inx tri,tchitic· 11:tint,·11:in,·,· 12/5/5,; to
to 12/5/671/11/57 72't),·writ,·r maint,·nanc,· 1/7/FIT to 1/7/58 47.t):;
Tzi,(·writ,·r ni:,int,·11:in,·; 1/11,/57 to1/16/5% 1.;.5:,
104.89('redit a/(· error 5.20 $ 99.6!1
I'lly.icilin:11/23/56 Hailry, U'illi,tin .1.; ]Cx,i,11. of 1•'lot·elin· Hock. 1 ().0 0
AIDeciial >4er,·1(·eM:12/19/66 Kirkland, Flerning. (;rei·n, Martin & Ellis:
L,·gal 5,·/·rie,·: from 4/1X/61; ti, 12/14/56.... 1,250.00
St.!1:,11.0
Refunds and Death BenefitsThe committee reported that documents pertaining to claims for refunds anddeath benefits for persons listed herewith were examined and verified. Ap-plications for refunds a/c resignation were made by persons who are nolonger employed as teachers by the Board of Education. Application forrefund of contributions for widow's pension was made by a person who wasnot entitled to such benefit at the time of his retirement. Claims for re-funds of contributions and for benefits payable on death of teachers andpensioners were determined after certifying dates of death and establishingproper evidence for each beneficiary, administrator or executor. The com-mittee recommended, therefore, that refunds and death benefits be grantedfor persons listed herewith in the amounts specified.
The committee reported also that iii the case of Ruth E. I\IcGee pensiondeductions by the Board of Education for the 1955/56 school year exceededthe amount required by law. The reason for the over-payment is that thisteacher received salary on two Board of Education payrolls and duplicationin pension contributions resulted. The committee recommended that theexcess pension contributions be refunded.
The committee reported further that other refunds to contributors, listedherein, were paid at the time reports on audits of such contributors' accountswere submitted. In each case, the refunds were due to changes in rates ofcontribution for creditable service or to other required adjustments in theapplication of automatic increases in rates of contribution by the Board ofEducation. It was recommended that the payment of these refunds be con-firmed and approved.
ReftindM n/c' lie,lignittion:
Beranek, Edward A. .6 '.IN.49Bolam, Annetta ......... 504.'TOBrower, Marceline ... .. 110.00Chripin, June R. ..... . 258.50Conners, l'nul H., .Tr. . 1,28.28Cummings. Botte ..... 263.90Drucker, Rc,bort IC. . 5,5.90
1957January 18 153
Refunds and Death Benefits (cont,nued)
Refund,1 n/e iteMignation: (continued)]Crlic·1~111:ill, .\11(11·t'y S. ..... 5 318.00Fallis, Ruth 1,232.45Gaynes, Sylvia Lee ........ 241.58Gl:ibm:iii, 13121·lmin 138.00Heritch. Casmini G. ........ 7 S. i.,Katz, June M. H. 3]2.00King. Estelle 12. .......... ~00
Leclere, Grace I. ............ 522Leslie, Julie P. ·············· 212.00T,libershane. Men·in M. 1,785.08Luthmers, Catherine I. 654.50Mal)bott, Rosemary D. 292.00Manchen. Charlane M. 73Mason, Marjorie IF. ......... 16Perrv, Lois ........ 33Pet:ilc, Dorothy ..... 1.02
. 4- t-
C L
:Ramage. Vivian M. 26 .00Ral)oport, Doris; ............ 429.50Schweikle, Florence L...... 1,1 Sl.22Si;rel, Grace . 6·14.5-1Stone, Carol 78.i.,Swatkowski, Ruth H. 452.36Swenson, E.tella ............ 1.227.25Tully, Marv E. 220.00IVeinberg, Tenimel.. ....... 255.00
$13,983.70
tteftind (,f Contriliutionpt fc,r il'/,1(,W'M l'en,414)nto PerMon N(,t Entitled to Muela Henrlit:
Bourke, Edward F. .$ 278.00 278.00Itefuhtlpt fir :le<·Ial,Iiallit*.41 ('4:itrll)%,tic),IN I,n benth: ~Ar·anza, Joan L. C.·111 ila .41·,111:a. Jolin ..1,·anza c ild /'h.lilli.N
.·tranm, bc,ze/kmric.4) .............................$ 13.30Cohen , Dorothy rider Cohen . bructic · iar!/) .. I 2 , 933 . 60Dunne , Frances E . ( Robert i·.'. 1 ) unne . bent'firin ,-! 1 )...... 1 , 699 . 60Graff, Marie M. (Leigh G. A('twn. Une/N·iar.i/).......... 2,043.OSI.Iones, William H. (.·llbc,·tinc /'. ./,me.1. 1,4'i,·) 292.56Kierland, Mattie E. (Ella .11. x,·h iw·der. lic,1,·ti, ici,·,/ t.... 47:1.64Kirby , Mary C. (Marie E. lib *.1/, bruffli· inri,) ... I 1 , 002 . 35lic' Auslan , Jeannie B . (.Wai·.1 / .1 /(·. It /.Nmil 11 , 24 I 'cter
-1/(·.·luN/an, bone/lciariCB) 1,154.76MeLaughlin , Helen A . ( Katherine 1 ,. 11 *· i.Qui;hlin , lit·, ir -
fleiarl/) ;, S , 0 . 4 .Voelz , Luella E . (Ecticard ('. Vorl z , ('ltin·,wr T . 1·; br ,·t .
Throdorc F . Ebert a , id Joitn Halin 11 ('lcher. 1Hmeticiarica ) 4, 221 . 52 17 . 736 . 10
...innitifillif
Singh· I'llyment Ilencilit on Death of '1'eneherM:
Cohen , Dorothy ( id ,i Colien , bent ·licians ) . $ 2 , 511 ". 0 .1-), inne , Frances IC . ( i:i, liert E . ]) 11 ¥ ruc , bi·,teficiar !0 ······ 2 , 00 (). 00.ionest, William II. (Al/,i·,·tmi /'. ./„it,·M, hfu·) ... 250.00McAuslan, Jeantlip B. (.1/ar,/ .11(.lux/int ami l'ch·i
Vdetz,"f]:eila'E',11'/Zd,;frd e. F,iri:,' 9;m;·, id·, 07·. -ki,;,7. 1.500.0 (1
The ,)(10 }·c F. Ebert (incl Jot, n Hcllin lith·|10 ·. 1)*' itrficial' i# 8 ) 2 , 500 . 00 8 , 750 . 00
Mingle 1':ayment Helient i,n Dentlt of '1'elicilier-1'en,41„lier:
Schultz, Cora K. (Viokt U. /,crng/,0/7, boic'/icici,·1/) ... .$ 500.00 500.00
Refund,4 1,/e ExeeMN Deductionp, 1,3· 114,1,rd or Ed,lention:
McGer, Ruth IC 22.50 22.60
January 18 154 1957
Refunds and Death Benefits (continued)
Itefund :t/c Error in DeductiOnH by the nmard of I·:dilcation:O'C:illa;rhan, Ella M. .... .........................$ 18.00 $ 18.00
Refund 11/e lirror in ItziteM C hz,rged f,Ir C'redit:,1,le fervicr:
14,·vt. Ellen S. ·········-················· .......5 520.00 520.00
Refund,1 n/e Adjuntment,1 in Rate* of Contrlbution,s:Bain, Rita L.................. ....................$ 32.00Blidy, Irene J. 10.00Bill·ke, Man· 13. 3.55Gallagher, flary A. 1.03Gray, Maryjane A. ..... 2.75Hooker, Helen M. ....... 12.07
7.00Koelling, ilarth:l F. 3.50Lumbrazo, Andrew J. 5.!15McCrackeri, Mary JC. ............................... 1.75O'Sullivan, H elen II. . . ............................ 7.50Sitas, Adel:lide R. 8.62Sow:1, Frank S. 52.50Spagnola, Rose V 28.40Ve,·dun, Ruth E, 4.50Vaughan, Mary J. Z. ' :)Ward, Margaret C, 4.00Waters , Wilma H . .... I . .......... 2 . 75White, Florena IC. 11.10 201.72
$44,010.02
On motion by Mrs. Light, seconded by Mr. Meierdierks, the foregoing reportsand recommendations of the committee were approved. Expenditures for thereimbursement of the contingent account and for the payment of bills, refundsand death benefits were authorized and confirmed for each account shownabove by the following roll-call vote:
Ayes-Miss Scully, Mrs. Light, Mrs. Johnsen, Miss Burns, Mr. Meierdierks,Miss Taggart-6. Nays-None.
Duplicate WarrantThe committee reported that the person named below requested a duplicatewarrant in lieu of the following described check which was received andlost. An affidavit, certifying this loss and indemnifying the Fund againstany liability, damage or expense which may result by reason of issuing suchduplicate wai'rant, was submitted also.
Knme Amount Number Dnte I'lirt,(,Me
Garis, Edith E. $199.Gl 330221 11/29/56 Pen,vion payment
On motion by Mrs. Light, seconded by Mr. Meierdierks, the recommendationof the committee was approved and the warrant was ordered drawn by thefollowing roll-call vote:
Ayes-Miss Scully, Mrs. Light, Mrs. Johnsen, Miss Burns, Mr. Meierdierks,Miss Taggart-6. Nays-None.
January 18 155 1957
Purchase of Bonds Confirmed
In accordance with the advice of Standard & Poor's Corporation, investmentcounsel, and in a mail vote prior to the date of this meeting, the committeeon finance reported that the following securities were approved on the yieldbasis noted plus accrued interest. The committee recommended that thepurchase of these securities be confirmed, that the bonds be registered inthe name of the Fund and that the municipal bonds be accompanied by anapproving legal opinion.
Amount DeMeription of 11(ind,4 D[,te of Datr of Toa.:ir ri, lite) Nume of Firm IMM " 43 11:atitrity Yield
$ 35.000 Cook Co., Ill., S.D. 3285, Elniwood 12/1/56 12/1/67 4.00(-;40,000 Pay·k, 41,1 ,4 and ·11,6% School Bld;r. 12/1/68 4.05 r;25.000 12/1/70-71 4.10 9
Mull:llim-, Wells & CO.
100,000 Chri,tian, Shell»· & Montgomery Cos., 12/1/56 12/1/7:1,75 3.90 r;Ill., Community Unit S.D. *S, Vann,4% School Site and Bldg.
Halsey, Stint·t & 0,3., Inc.
150,000 Cook Co., Ill., Village of Franklin 13/1/56 12/1/73-74 4.305Pill·k, 59 Street Iniprovement
HarriM Trust & Savings BankNongard & Co„ Inc.H. C. S;)eer & Sons Co.Stifel, Nicolaus & Co., Inc.
100.000 II. S. Steel Corp. 2.554 Serial 8/1/54 8/1/61 .1.00 Ofcle.1,enturegSaloinon Bro.. & Hiltz.le!·
100.000 Aluminum Company of America 41,1% 1/1/57 1/1/82 1.25 r;Sinking Fund del,erititt·r:
The First Boston Cori}.F. S. Moseley & Co.I-hirriman Ripley & Co,
100.000 Louisiana Power & Light Co. ·112* 1/1/57 1/1/8 7 4.67 riFirst Mortgage honds
Blyth & Co.White, Weld & Co.Dean Witter & Co.
100,000 Oklahoma G:,A nnd Electrie Co. 414% 1/1/57 1/1/87 1.43 5,First Mortgage bondsII:ilvey, Stuart & Co., Inc·.Salomon Bros. & Hutzlet·
On motion by Mrs. Light, seconded by Miss Burns, the above transactionwas approved and confirmed by the following roll-call vote:
Ayes-Miss Scully, Miss Burns, Mr. Meierdierks, Mrs. Light, Mrs. Johnsen,Miss Taggart-6. Nays-None.
January 18 156 1937
Refunding of Bonds
The committee on finance presented the following refunding proposal forSchool District No. 30, Cook County, Illinois, which involves no change indates of maturity or rate of interest:
BONDS OWNED BY THE FUND
$35,000 School District No. 30, Cook County, Illinois, 3% School Build-ing Bonds, dated May 1, 1950, due December 1, 1957 through December1, 1969; and
$25,000 School District No. 30, Cook County, Illinois, 314 % School Build-ing Bonds, dated September 1, 1951, due December 1, 1957 throughDecember 1, 1970
TO BE EXCHANGED FOR
$60,000 School District No. 30, Cook County, Illinois, non-callable, 3% %Refunding Bonds, dated December 1, 1956, due
Amount Mit iii rit 3 .imount ~I:Elltrity
$2,000 12/1/57 4,000 12/1/643,000 12/1/GS 6,000 12/1/65
3,000 12/1/59 5,000 12/1/664,000 12/1/60 5,000 12/1/674,000 12/1/61 6,000 12/1/68
4,000 12/1/62 7.000 12/1/69
·LOOO 12/1/63 4,000 12/1/70
In accordance with the advice of Standard & Poor's Corporation, investmentcounsel, the committee on finance recommended that the above describedproposal be accepted, that the refunding bonds be accompanied by an ap-proving legal opinion and that they be registered in the name of the Fund.
On motion by Mrs. Light, seconded by Miss Burns, the above refunding ofbonds was approve(1, and the executive secretary was ordered to proceedwith all negotiations therefor by the following roll-call vote:
Ayes: Miss Scully, Miss Burns, Mrs. Light, I\Irs. Johnsen, Mr. Meierdierks,Miss Taggart-6. Nays-None.
1957January 18 157
REPORT OF COMMITTEE ON ANNUITIESAND CREDENTIALS
PensionsThe committee reported that applications for pensions were presented foi·
persons, hereinafter listed, with the recommendation that the pensions beapproved and granted iii the amounts and under the conditions set forth here-with. In the case of each applicant for service retirement pension, the em-
ployment of the teacher had terminated oflicially, the legally prescribedminimum years of teaching service were completed, and requirements withrespect to age (if applicable) were fulfilled. The applicant for reducedretirement pension made due and proper election to receive such pensionin order to pay a reversionary pension to a survivor after death as a teacher-pensioner. The applicant for widow's pension furnished proper evidence ofher right to receive such pension.
Mwnher'M Me]101)| Service To .Inlandcir YrM. Date 1,en Mi on
3/allar (,f '1'ilic],;r MA,m|»er'% Mt:1111* MON. 1)nyM Front Itnte
Optional Serrici • Retirrnic.lit /' f, Flsi ,„iS6466 Imouike. 1·Nlward 12..... I·~cn·,·stzille ........·13 -,7-0 12/22/56 33,671.6 4!122; Carmody, lim·ir C. ....>4tewart ...........2>~-3-16 12/23/56 1,71%.0.1!122% Coddington, Mildred . . Hitch :11-0-0 1/11/57 2,2 6 1.SSc.1229 Driss, Al,irv H. .........Tahn ..............39-·1-0 ./"/56 3,354.48960 Grant, Blanche 13. ..... Haines .26-3-0 ~ 5/" 4 /56 1,510.OS4231 Hafner, Const,inc·e JI...Arond:ile ...........11-0-10 11/24/56 3,470.64(;3 1 f) Hunter, Agnes A. ..... 4;1·ant .............:18-9-10 121 1/56 3.300.844232 El·aus, Beatrice F. ....0#rden .............26-0-10 12/22/56 2,214.24i) 2:1 :1 (-)'c'.allaglinii, 7,11,1 71.... Pullman ...........38-0-10 11/14/56 3,200.64f, 2:1.1 Quinn, Grace L. Talin 10-1-10 12/22/56 3,413.44'2:15 Hiwilett, C.oldie L. ..... ><tilistitiit,· ........."O-°-11 12/26/56 1,085.404231; Thoinsen, I.Iallene M. . . C :ihimet I·ligh 58-5-10 12/ 1/56 3,260.64!12:17 Twonim·, Mildred E.. . . Nash 10/ 5/56 3,323.40Nq-5-107326 Irrilli:imHon, 1.rm:i Q....\1111111ds,·Ii Hi,-h ...28-7-0 10/16/56 2,126.16~12::S Kohler,lI:irieli:. ......,Sh:ikespeare ........11 -6-10 12/ 1/56 3,301.44
(01% rlection of (1 rri·fi·Nifixin·11 pen:i,m for n 8,11·1·irin·. in th(· clm,}trnt Id $1.200.Onpi ' i · 1/(' cir. . 1 / i ·,9 . /arilili ' r',A n · tin· me ,it 11 f ' il Ki ,in of S . i .:528 ..06 per .1 / ori · traN reduced to tlicritte Mluni·n al),n·r.)
Compulsory Sirrice Retircment Pensions!/2:IN Aldric·h, Est,9 G. ...... 'rilden Tech. High..39-0-0 10/13/56 . 97°„4•9240 Broken Alice 13........ M:ir ·············· 35-4-10 11/ 5/56 2,6*%36•9241 Grie:bach, Harrv 19. .., TZ';I,411bill·Ili· Trade . .33-·1-10 12/22/56 2,870.52•92·12 Solomon, Loretto A. ,.. ~c·I~,iren ..........·13-9-10 12/22/56 :;.724.5601·. merituR t „ I ,·11 *' r retired (tftn · n ·-, 1,11 , 1 (, liment on a trml )„)'{ 11 .11 b (18 i 8 .
iFido,v's P,·,isionPalk.1, Alit<,inn•tte .................... 13-1-0 12/30/56 1,4(10.01(li'i,1(,1(· „J .1„lilli;. 1'{111,41, ti'(1(·11<·)·)
~Umnittry Of Pii , sions Granted01)tic,nal Hervice reti!·enlent 1,01131011 8. . 1,5Compillbory servic·e n tirellient pension>...... 4Widow':9 I)(,ns it)11
On motion by Mrs. Johnson, seconded by Mr. Meierdierks, the recommendationof the committee was approved and the service retirement and widow'spensions, listed above, were granted by the following roll-call vote:Ayes-Miss Scully, Mrs. Light, Mrs. Johnsen, Miss Burns, Mr. Meierdierks,Miss Taggart-6. Nays-Nono.
January 18 15X 1957
Appointment of PhysiciansApplications for disability pensions were submitted with the recommendationthat physicians be appointed for the examination of the applicants.On motion by Mrs. Johnsen, seconded by Miss Burns, the appointment ofthe physicians, listed below, was authorized.
J. Roberts, M.D., Lockport, IllinoisVirginia Tai·low, M.D., 670 N. Michigan Ave., ChicagoCharles B. Congdon, M.D., 6 N. Michigan Ave., Chicago
To Examine: Edwai·d R. Riley, Hamilton Voc. SchoolJohn R. Boyd, M.D., Oak Park, IllinoisH. P. Rasche, M.D., Westchester, IllinoisA. S. Geraci, M.D., 5679 W. Madison St., Chicago
To Examine: Veronica R. Simler, May School
Peter V. Moulder, M.D., 950 East 59th St., ChicagoE. S. Sinaiko, M. D., 104 S. Michigan Ave., ChicagoD. W. Propst, M.D., 30 N. Michigan Ave., Chicago
To Examine: Marian F. Twohey, Von Steuben High School
Cancellation of PensionThe committee reported that the following pensioner has been re-employedas a teacher by the Board of Education. Pursuant to the law, the committeerecommended that pension of the person, hereinafter listed, be cancelled asof the effective date of re-employment.
Rnte of 1):it«.Nnmr I,enNion lit·- (.'111,1..(31
Carnian, 1:entric,· IC. ....
On motion by Mrs. Johnsen, seconded by Miss Burns, and by the followingroll-call vote, pension for the person listed above was ordered cancelled onthe date indicated:
Ayes-Miss Scully, Mrs. Light, Mrs. Johnsen, Miss Burns, Mr, Meierdierks,Miss Taggart-6. Nays-None.
Outside Time and Military ServiceThe committee on annuities and credentials reported that affidavits, or otherevidence, attesting to or certi fying (1) service in the public schools of theseveral states or in schools operated by or under the auspices of the UnitedStates outside of the City of Chicago; (2) time spent in the military serviceof the United States during the pension period; (3) employment as a civilservice librarian in the Chicago Public Schools or the City of Chicago; (4)service as a playground or recreational instructor for the City of Chicago or
Jantriry IS 139 1957
Outside Time and Military Service (continued)the Chicago Park District; and (5) employment by the Chicago Board ofEducation as a school clerk were presented for the persons hereinafter listedwith the recommendation that they be approved; provided that in the caseof outside teaching service no more than 10 years be credited and also thatthe last three-fifths of the term of service for which an annuity is grantedshall be in the public schools of the city.
Mervice Ser,·ice Credit,611/,Iw „f 11/1/lier >44·114,0 1 ( lle.,·rilitioll) i l-rM. M,)N. 1):ly,4)
Traching Serrier in Pul,lie Schocils (ir Uncli.r kitispic,·s of the UO-9-5
Cook, L,·slie C, ..............\H:tin High ..........Traching ... 5-0-0I.
Eclw:il·ds, lierth:, Ii. ....... ..1:un· .~....~,. .....~.T,·.ic·hiliK ..... D-.1-1.,
Dollil,lowski, Lorraine ......,Brilistitilte............ Te:whing ... 2-0-0Mccormick, Charlotte ...... Hrilistitute ............Teaching ..... '1-0 -0Otto, Marilvn H. . .......... Wick,·I· 1':11·k 1-0-0reters. Ituth M. ........ ... 1.·1„wer High ...... Te.lehing ..... 2-9-15R:,R,191. Viola 1\1. ........ . 1·'c,Iiger I{igh ........Teaching . 0-6-0Schn:lifer. Irma K. ........Newberry ............7'rachink .... 1-0-10IV,iver, Jzini* TV.............Hillistitilti· ............7';.ic·hing ... 4-6-0
Milittiry Serrire of tiw Uniti,(1 Statesconway. Ft·ancis .L .........Stewart .............. Military .... N- 5Deinil. Kenneth John .......T. R. G......... ..... Military ...... 2-0-0Salter. Edwin J. ............ Manle-· r„c. .......... Military ..... 0-5-0
Employnwnt in Other C.hicago Gorerninental UnitsConn·ay, leranciv J. .... ...Stewart .............. Playm-ound Instr ..12-7-0Dunn, Dorothy C............ M,·1'llet·son ........... Achoo Cler:......... 1-9-10Egan, Elinor T. ............ Reinber,r ............ Sc·hoo Cler:......... 1-9-8Finn. Alice C ...,....... . fulliv:in I·ilent. Schon Cler : ......... 2-0-1 SFoley, Dorothy K ..... .. 54'Ott ......... Schm, Cler:......... 5-7-2(;:irranione, Mary I..... . Itiis ................. Behoo Cler:......... 2-0-10Godfrey, Eilec,n Al...... ...1 'arkerl·Iigh .........>;chor) Cler: ......... 3-1-5Gott:~, Bel·th:i 13. ....... ... i:rinlierg ............. >;choo Cler :......... 3-5-0Huff, nobertri S. H,vistield .............Schoo Cler: ......... 5-3-15johallsen. 1.011·:line A. . .I:,·11,·lli;rh ...........12,·4·1·eitionrl Itistr. ... 5-:(-0Mot·ecky, Mary J. ..... 15-0-0f.,·u·:triclowski, Diarle M. ... 11' tiler TIigh ........... 15'cre itiont 1 In:tr. ... 4-5-10hynch, Yvonne P............ Gregory ............. Schoo Cler :......... 2-4-0Lyons. ]Clizabelli C. .........lzeinbet·g .. ......... Sc·1200 el.iu ......... 2-0-511(Dermott, Cecilia H. . ...Rlis .................Schoo Cler: ......... 2-4-0Metzger, Ch:irlotte S. ... ..('.lissold ........... ..Schoo. Cler:......... 3-1-14Motto, Mary R. ............. 13>·ford ............... Schoo Cler :......... 2-2-0I-'it·ok, p:lilline .............. Kelly High ........... Repreational In:tr.... 4-0-01'081(·r, Marian W...... .. Parker High ......... Lil)rarian............ 1-7-5
On motion by Mrs. Johnsen, secon(led by Miss Burns, the outside time andmilitary service for the persons listed were approved by the following roll-call vote:
Apes-Miss Scully, Mrs. Light, Mi·s. Johnson, Miss Burns, Mi·. Meierdierks,Miss Taggart-6. Nays-None.
ADJOURNMENTOn motion by Miss Taggart, seconded by Mrs. Johnson, the meeting acl-journed to meet at the call of the Secretary.
B3.5=rRecording Secretary.
L
January 28 160 195;
REPORT OF THE PROCEEDINGS
OF THE
Board of Trustees
OF THE
Public School Teachers' Pension andRetirement Fund, City of Chicago
Adjourned Regular Meeting-Official Report
Monday, January 28, 1957
An adjourned regular meeting of the ROLL CALLBoard of Trustees of the PublicSchool Teachers' Pension and Retire- Present: Miss Scully, Mrs. Light,ment Fund was held Monday, January Mrs. Johnsen, Mr. Meierdierks, Miss28, 1957. Taggart-5.
The President, Miss Scully, called the Ah:ent: Miss Burns, AIr. Whiston,meeting to order at 4:00 P.M. Mr. Pasnick, Mr. Marshall-4.
1957January 20 161
REPORT OF THE RECORDING SECRETARY
The recording secretary, Miss Helen Taggart, presented a communication
from the Board of Education reporting the acceptance of Miss Burns' resig-
nation as a teacher at the Spalding School for Crippled Children, effective
at the close of the school day on February 1, 1957. Since this action auto-matically terminates Miss Burns' term of office as a trustee of the Fund,
the recording secretary moved that this information be recorded in the
proceedings of this meeting and also that a letter be sent to Miss Burns
stating the trustees' appreciation for her services to the Fund and expressing
their best wishes for good health and happiness in her retirement.
MISCELLANEOUS BUSINESS
Election of Trustee to Fill Vacancy
Section 34-94 of the pension law authorizes the trustees to fill any vacanciesoccurring in the board until the next annual election of trustees. Accord-ingly, Mr. Meierdierks nominated Arthur R. Petrie, a contributor to theFund and a teacher at Washburne Trade School, to serve as a member ofthe board of trustees until the October 1957 election. This motion wasseconded by Mrs. Light and approved unanimously. Therefore, Arthur R.petrie was duly declared elected as trustee.
ADJOURNMENT
On motion by Mrs. Light, seconded by Mr. Meierdierks, the meeting adjournedto meet at the call of the Secretary.
*,LS.6=rRecording Secretary.
February 15 163 1957
REPORT OF THE PROCEEDINGS
OF THE
Board of Trustees
OF THE
Public School Teachers' Pension andRetirement Fund, City of Chicago
Regular Meeting-Official Report
Friday, February 15, 1957
There being no quorum present been,ise of attendance at the NationalCouncil on Teacher Retirement in Atlantic City, N. J., the meeting adjournedto convene on Thursday, February 21, 1957, at 2:00 P. M.
B S -5~rRecording Secretary.
L
1957Fctiru:ary 21 165
REPORT OF THE PROCEEDINGS
OF THE
Board of Trustees
OF TH E
Public School Teachers' Pension andRetirement Fund, City of Chicago
Adjourned Regular Meeting-Official Report
Thursday, February 21, 1957
An adjourned regular meeting of the Board of Trustees of the Public SchoolTeachers' Pension and Retirement Fund was held Thursday, February 21,1957.
The President, Miss Scully, called the meeting to order at 2:00 P.M.
ROLL CALL APPROVAL OF MINUTESPresent: Miss Scully, Mrs. Light, On motion hy Mi<s Taggart, seconcledMrs. Johnsen, Mr. Meierdierks, Mr. by Mr. Mrierdierks, the minutes ofPetrie, Mr. Pasnick, Miss Taggar~-7. the regular meeting of January 18,Absent: Mr. Marshall, Mr. Whiston 1957 were approved as printed.-2.
Mr. Morris B. Sachs, City Treasurerand ex-oflicio member of the Board ofTrustees, was unable to be presentbut was represented by Mr. ThomasJ. Corrigan, Chief Clerk.
February 21 166 1957
REPORT OF COMMITTEE ON FINANCE
Reimbursement of Contingent AccountThe committee on finance reported that reccipted bills, cancelled checks, bankstatements, and other supporting documents covering expenditures for theperiod from January 18, 1957 through February 19, 1957, inclusive, andtotalling $746.80 were audited.
The committee found that expenditures had been niade properly and recom-mended that this account be reinibursed in the aforesaid amount.
BillsThe following bills were presented with the recommendation that they beapproved and paid.
jtlil,4 fi,1 licitler,;:1/31/57 01!ic(: supplies... 51.1.1
154):ircl of I·:,1 tle:ation (if (he ('it ,· <,1' C hic.:1$2):1/21/67 For pret),11·:dion of till}ulating c,11-11>; M|zinving te:wh-
"rK' >:,al,ily (1,·fltic·tic,Ii. fin· i·:wh 1,cl>1'4|1 1)(·I'loil21 5.11
111~ye, At:Ili•dic•:11 M•r#ier, Ine.:
1/:,1/57 .I,rni:„·,· 1!157 1),·11:ion I),1,-1„11 - I·(iNLInech,1/16-ps ······.. .. .......~ ......$ 40,50T,·:ic·11,·rM' rontrilizilion credits hy 1:unr·,1 „fEducation ....··············'''''''''''' ·170.70 511.20
MA·('Brilliek an,1 1 triliterM«)1'. Int•1/ 3/57 Printed forms and >4111)1}lil's..... sto.05tr)2/ 5/57 November proceedings ........ a48.20 U ' ,/. -.
Itrmingt€in Hand:1,1.59lypewriler n ,Linten:ince 2/1/57 Li, 2/1/58.
'1'h,· '1'4,«1(1 ('4,1,11)11!13 . lia•·l/2X/57 1 Protectograph ........ 121.00
1•li~·MieinliN:
2/ 1/57 Tin·low. Virgini:t, M .1 )., E.x:im. (,f 1Cclu·:irti !:. Jlil,·y. 25,{1()
'0 W
t. 1 5157 Congdon , Ch :nies 19 ,, M . I )., EX ; 1111 . of |': dw : 11 ·, 1 1 :.1til,·~, *..*** + .......................... . 25.00Ger:Ir·i, A. 54., 71.1-)., ]Cx:un. of Veronic·a. 12. Mimler.. 2 0.(10
/l S/57 lt:,Mc'hr·, Herl,pi·t 1'., 1~I,I)., Exam. of Veronica 1:,Kimler 5.0()
/1/57 Sin:liko, }Cdwin S., 71.D,, 1·:x:tril. of Marian F.27,.4)0
2/ 1/57 Prolist, 1.)urine Tr:, AT.1)., 1,ixam. of M :11'i: in F.. 10.00
3 1,703.29
al
February 21 167 1957
Refunds and Death BenefitsThe committee reported that documents pertaining to claims for refunds anddeath benefits for persons listed herowith were examined and verified. Ap-plications for refun(is a /c resignation were macie by persons who are nolonger employed as teachers hy the Board of Education. Application forrefund of contributions for widow's pension was made by a person who wasnot entitled to such benefit at the time of his retirement. Claims for re-funds of contributions and for benefits payable on death of teachers andpensioners were determined after certifying dates of cleath and establishingproper evidence for each beneficiary, administrator or executor. The com-mittee recommended, therefore, that refunds and death benefits be grantedfor persons listed here,vitli in the ainozints specified.
The committee reported further that other refunds to contributors, listedherein, were paid at the time reports on audits of such contributors' accountswere submitted. Iii each case, the refunds were due to changes in rates ofcontribution for creditable service or to other required adjustments in theapplication of automatic increases in rates of contribution by the Board ofEducation. It was recommended that the payment of these refunds be con-firmed and approved.
124·ftinelx :1/4. ltrvilri,[ition:C:lilson, .hianita G. ..... .3 120.00Collin., Fi·:ink>·e H. ... 91.50Cooper. ('. 11:11·u·in ........ . 75.00Derk,nvitz, Fred:, C. .... . 11 1.0012()1·1*', '1'}14·1111: L II. ....... . 111).0()(-;:11):Al:'11, .1,1('(1111·lin,· T\". .Goodric"re. .1"ne G. ....... 105.00
. 1,11;·1.00Greene. im/har:i Ann ..... 361.50I!:1111:itti. Juall II,•I't,·1 . . 181.:;7lt:Ll't·imin~ 1':1111 E., .Tr. ...... . 878.2X}-{frining, Trene liar ...... . 361.501-Tensh:iw, frene M. ..,.,,. · 705.50Kato, N(,1,riko ............ 06.00Lander:, Sandra ........ °52.84Laser. Mar·vin ............... .. 1,750.50Mrehan. Thomas D. 591.61Meyer, Peter F, 250.00Olson, Beverly .......... , 664.5,01':irker, 1,1 01·,·iic,p -n-..... . 512.1.4
1 Peter:4 (·n, 1-' c.u·MLS....... . 1.:S.00Peterson. Lorraine C........ . 1,141.<5Tteinl)(11·fr, 1 *inil:L 13. ....., . 22(1.70Sletten, .Tline 11. ........ 137.00Strrn, .Toan
1:12.00335.00
'1'it.. ICI!1'·!·" 1.:'111:L 25.0075.0(I'1'1·91111(,1·, Mal·jr}rie
223.601,-i,il)1)(,1·8·. 1·flaine J. .....Wilkins, Frances M. ..... 1,271.50
$12,521.22
Refund of Contril,lation~ for Ii'id(,iv',4 PriM| in„ rer,on Not I·. stlitle (1 14) Mitch lienrilt:
Steigoly, Arthur C.............. ............. 90.00 90.00
Refirn,IN (,f Arc'llitiul:lied C '(,1,1 rililition w (in 1)enill:Carlin , Ruth M. ( PhiMp J . Carlin , brn 'Iltinry ) ......... 23 . 50 *(-11 , 1 ( istilith , Norman A . ( 1 ·: 1 ( n ,i L . anlibxmitli . brn <' flriarll ) . . 1 , 095 . OilReel , S :' die M . (,Tohn G. Re ,1 . benc' tir iN 1 11 ) ............... 221 . 7 ::•Simt)>U)11, vil'inn X. (·folin 11'. NiNIV.'ton. hi·ir) 259.50 1,599.79
0.1 n n:,it f n t,~
Febrwary 21 168 1957
Refunds and Death Benefits ( continticd )
Kingle Payment Henelit (in Denth Of 'I'encherM:
Cold I Inith , Nonn , in .\. ( Eunci 1.. (,(Adimith . 1„'Iiefit ' in ,-10 · . 3 :, 41(,· f\ 011 (· I .alighlin , ] I ,· 1 ,· 17 A . C /. d 1 ,·11 -11 J . Me !.aughlin , 1·' rit Ilf ' iH .· 1 .
1/,·Ling,/1/iii <ind Ant/,cri,Ii: 1.'. .1/,·1.<fuy/ilin, 11,·i,·A) ........ 2,64111.00
Kin*Hon, ViViUn K. 6/„/iii K. Nimp.•·on. hcir)............, 260.(10 5 2,260.00
King](· 1':lyment ]!enent 0 11 Ile:,th (if '1'elic·her-1'en,4ionerM:
Carlin , Ituth M . ( thilili .1 . (' it }·li }t , 1 ' 11 ilit } M . ('411 · li ,1 , '1' li , i , 12 , 14-4. ('i/,-lin und /:ichard ./. Car/i,z, bc·,ic·/1,·iri,-ic.r) ........... 500.00
M:ittoon, Edn·hi W. C.·initic 1.'. .lfattoon, bi'iti'Ncia,-1/1 ..... 500.00Per·kiq, L„lli,41· H. (.1 i-,·hic· Il. 1'4·1·1.i.9, 6,·iti·/ic·in,-1/) .....,... 500.00Reel , S . iclit · M . (.Ii, lin (;. Reel, benel/chry )............... 500 . 00 2 , 000 . 00 *
it€·filia«1,4 (,f ContrilintionM for fer,·ire in !·'.IC€·MN of ·15 YA•:IrMin the :lm„unt :11),Dile:thle 11,4 :rn On'Met ti) the I)elle•14·ney f(irMer,·Ire Prior lii Juh· 1931:
Ckunble, 141 ith ..... ls.00Couw,·Ils, ('(,1·nell,1 ... 124.t)()015„n, 10<ther .\. .....Smith, Marian ...,... JHN; :,UTrils„„, TI:lijorie IV. . . 27.04) ;Al.72
th·fint,1,4 11//c Adjiticlinrilt,6 in itille,4 0f Contril,11(li),1,4:
(':i irc, 1 1, 11:11· y J :l 11 1 . . . . 88.5028.58Chittin, Malgan·t M. ....
c ;.1 nl ner, 1•' I':int< W . ... 14.2()King. (;\vendoly" ..... ::3.(;()I.er, (.'laticlizte TV....... 14. () 0I.even·ziz, 71:try ./. 7. ..... 61.2011(:Tamara, Marit· A. . ·lit.00Miller·. Andrew C. 71.60O'Ij :Lry, 1':itricia ...... 1 47.M)014·11, June D'......... 65.451'1·ic·e, Adeling J. ....... 2.75Randolph· Destrile:ir . 271.75lf.illace, Vinlet H. .... 188.70
2.>3)\F,·rizel, Lucille M. ....... 1(,0.2()Z:urnne, 1·'1~·mme M:ie .. 71.70
1,168.43
$21.211.56
On motion by Mrs. Light, seconded by Mr. Meierdierks, the foregoing reportsand recommendations of the committee were approved. Expenditures for thereimbursement of the contingent account and for the payment of bills, refundsand death benefits were authorized and confirmed for each account shownabove by the following roll-call vote:
Ayes-Miss Scully, Mrs. Light, Mrs. Johnsen, Mr. Meierclierks, Mr, Petrie,Mi·. Pasnick, Miss Taggart--7. Nays-None.
February 21 169 1957
Rescind RefundThe committee on finance reported that a request was made by the publicguardian, conservator for Sara L. Bodian, that an uncashed cheek for refundof contributions to the Fund be accepted and that in lieu thereof a disabilityretirement pension be frranted to Miss Bodian. In support of this request, thepublic guardian, Winnifred M. Henry, submitted certified copies of letters of
conservatorship and written testimony from two physicians who had MissBodian in their care prior to the date of the application for refund, Thephysicians and the public guardian claim that Miss Bodian was not mentallycapable of handling her own affairs at the time she applied for a refund ofcontributions on July 13, 1956. The records of the Board of Education showthat Miss Bodian's last service as a teacher was rendered on March 11, 1955.
In view of the circumstances set forth above, the attorney for the Fund acl-vised that the trustees may rescind action on the refund of contributions whichwas approved on September 21, 1956 in order to consider an application for
disability retirement pension.
In accordance therewith, the committee recommended that action on the refundof contributions be rescinded and that the trustees consider an application fordisability retirement pension for Sara L. Bodian.
On motion by AIrs. Light, seconded by Air. Pasnick, the recommendation ofthe committee was approved by the following roll-call vote:
Ayes-Miss Scully, Airs. Light, Airs. Johnson, Mi: Meierdierks, Mr. Petrie,Mr. Pasnick, Miss Taggart-7. Nays-None.
Duplicate Warrants
The committee reported that the persons named below requested duplicatewarrants in lieu of the following described checks which were received andlost, Affidavits, certifying these losses and in each case indemnifying theFund against any liability, damage or expense which may result by reason ofissuing such duplicate warrants, were duly filed. Therefore, the committeerecommended that. warrants be issued to the persons named below in theamounts indicated,
A in(nint N 'Imber Unte 1'11 r[H,Ne
C,ole, 1·'dith M. S. ... . $296.48 334521 12/31/56 Penvion PaymentII:irris. Grace R. .... 229.17 335614 12/31/56 1-'dinsion Payinent
On motion by Mrs. Light, secon,led by Mr. Petrie, the recommendation of thecommittee was approved and the warrants were ordered drawn by the follow-ing roll-call vote:
, Ayes-Miss Scully, Mrs. Light, Mrs. Johnson, Mr. Petrie, Mr. Pasnick, Mr.Moierdierks, MiKS Taggart>-7. Nays-None.
February 21 1 70 1957
REPORT OF COMMITTEE ON ANNUITIESAND CREDENTIALS
PensionsThe committee reported that applications for pensions were presented forpersons, hereinafter listed, with the recommendation that the pensions beapproved and granted in the amounts and under the conditions set forth here-with. In the case of each applicant for service or disability retirement pension,the employment of the teacher had terminated officially, the legally prescribedminimum years of teaching service were completed, and requirements withrespect to age (if applicable) were fulfilled. Each applicant for disabilitypension was declared by three competent physicians to be suffering from ndisability which wholly and presumably permanently incapacitates him forteaching. The applicants for widows' pensions furnished proper evidence oftheir rights to receive such pensions.
lIember'M School Meri·Ice 'IN, A nnimlcir YrM. 1)1: te 14·nvionNnnie of 'reneher Memlier'M Stiatia,4 3!(IM. I)113 M Fribin lt:lt,·
Optioncil Sirric,• Retir,·ment IN·„sions92·13 Abrah:ini, Goldy G. ....12:Ly . ............1.'-0-' 2/2/57 53,78 3.St44 I A
92·14 Hurns, Ethel R,.......,St,alcling ICIi·ni. ,.,·16-4-15 2/2/57 3.82·1.6492·15 Chinlund, Mildred A. ..Hayt ..............1-1-3-10 1/8/5742·16 (;illie.4. JIary C. ....... T:'ift Ilii.rh ........ 43-5-0 2/4/57 ),687.929217 Gray, Heler, C. ........Xpencer ...........10-9-10 2/2/577!11·1 (;ulin. Francos T. ......1 fil·kill:in .....,... ·10-9-10 2/2/57 .i,·118.929248 11:irrison, D<,riM H,.... Mc'Co,11..........,2,1-9-10 1/:1/57 1,8!14;.2.1112·19 Hatterrn:in, Elizill),·th 1'.Spal(ling 1•:1(,111. ...42-2-0 2/2/57 '1,5116.019250 11 <, ffman , Mary K . ..... !,ake Vi ,· w ili ;: h ... 32 - 5 - 10 2 / 1 /519261 MCC:·irthv, 11:li·ic· ......Iii.·pt. HI),·c. IC,clm: .:':X-·1-0 2/1/57 R:8#8~454252 Merki. A-1,()1·:rin ........HA·(itt .............2.5-6-10 2/2/57 ~747./;·1!1253 I'falzgraf, lie en ...... ICI·iess:on .........·13-9-0 1/1%/579254 ~en!·]H, lie<H ]; ...Sp:illit}Ir 1•111•111. ...29-0-0 2/1/57 #Turve92,65 Volkm:in, lTal)<·1 0..... ~t. Ver·non .......4.1-0-10 1/19/57 ;.7:14.SO
Compulsory Sertic,· Retirenwitt4.-I Ilaker, Amc·lin W...... Manley Voc. High 41-9-10 86262/ M72·04!,257 Burry, Isabi'lle M. ..... I)iv. of Music ......14-3-09258 T:'ixter, Jonnie H. .... S:ly!.e ............43-8-10 2/2/67 3,7,4/).1;,:1259 Byles . Elsie .. 13 :irry ............ 33 - 3 - 10 2/ 2 / ni 2 , 873 . 2:'260 Cassidy, Frances M .... Dir. of Art .......43-9-0 2/2/57 3,734.7
1.'y
ze
9261 Chase, Muzette ........ Keith ............44-6-0 2/2/57 Z7!12.009262 (201*, J..·lgnes.........Harrivon High ....4.1-3-0 2/2/--...·, I ., 3,767.52Cohn, Miriam R.......Scott .............27-7-0 2/2/57 2,·112.004264 Denton, John E......., Lung Trch. High.,.37-0-0 2/2/57 .1,171.36421,5 Foley, Sa..0'Toole ........... 43-6-0 2/2/57 :1,710.285,266 Foster, Imennor T.....Bonn High ,...,...3-1-9-0 2/2/57 2 {) 94) S 84267 Froberg, Anna C...... Mo<,H .............:;S-·1-10 2/2/57 3,2§&.SO!1268 (;:ifford T.tlr'ilt· .. 2,()6().KN2/2/57426!) Gamble, Faith ........Austin ]Ii:rh ......·15-0-10 WSHSRS :,2/,1.21
2,82.1.61'4270 Cia :nertsfelcler, .TI,(1:r,n.(-'1-'iric· III irh .......4271 Golden. Marie A.......Nash ..... lz-~-Cljo 2/2/6711272 Gouwens, (.vornelia .... Kellv High .......·15-8-10 ././r. 14#r:ty.9273 Graham, Vel·ne N. ..... Hanson I'k. ......4·1-3-0 2/2/57 3,767.529274 Hanson, Lillie .T. ....,.(). A. Thorp........1.1-1-1(, 2/2/57 :'.7711.71;9275 H . irris , Charlotte G . .....inder .qun ..........31 - 6 - 0 2 / 2 / 57 2 , 7 : 1 ( 1 .: 11 ;D27G ]Iritnian, Frank H. ....Austin High ......2,·1-5-0 2/2/57 2,467.2·14277 Huglies, Anna F, ......MCK:ly ...........32-1-0 12/1·1/5*; 2,75:;.7,29278 King·, Joseph A ....... 11 :inley Voc ·. fIigh .·13 - 5 - 0 2 /2 , 57 3 , 702 . 129279 -Kirby, Marguerite S, ,.H,ivt ..............10-6-0 1/14/57 7,44:1.11;*9280 Krowson. Lycli:i K. ..,.Speech Corr. Div...26-1-10 2/2/57 2,285.407819 Kukowski, Rose K...,,Otis ..............20-6-0 2/2/57 1,74-1.2·1*4281 1 .: lili · y . Faith L......., Chic · ago Vor . High . 30 - 9 - 0 2 /2 / 51 2 . 97 : 1 . 2 1 .
•' -/. 19282 LE,wl,·r, Mildred A. ...,Tilden Terh. 1!igh.·13-5-042%3 Mangnil, 1,;inilli, 11.....Phil Shi,ricl:'in .....3!1-()-Ii 2/2/57 " ." ,.:7820 Ma.4(m. ]Clile D. - .....('c,lin:in ...........21-3-10 2/2/67 1.861.120
February 21 171 1057
Pensions r,·onti,„,ed)Giniptilsory Serrice Retirenwnt Pensions (continued)
~Irm],er*,4 Melrn€)1 Mervice TI, Annunlor 1 r" Date 1 'rin 4 011
NO. N:imr of '114•:wher Mi.,Iiber'N MititliM M.M. UnyM 1,rom liiate.-/
4204 Movnilian, 1·Nla e......Schmdri· ........· 34-0 2/2/5T $3,685.SO62'5 91111111. M:,1->· 11. ......~ 11··111·y .............:;-0-0 2/2/57 .i,661.,; 2
Newl)11!-Y. T,:iur:L /). ..~. 1·~ilistin .............4-3-0 - ,-'.'' 3,t;55.80../.,--
:12A1; 014,111, 1·,sther A. ......1.·Ine'l",·c·1). l!i~Zll...· 5-:;-7 :1,520.680 1-0 -0.-e:;2 Orein, lu·1·11:ici,·lt; .....1,:1114· 7'*·,h. lii,rh...· 2-7-5 - , - , 0 ,
%„3X Plum, Myrtle I. ....... I·'iske -/-/,¢7%49 ityan, Flizalirth ....... H:inl .............27-3-10 2/2/57 aES}SH:4287 Se:inlilli. Th,·<„1(,ra 11. ..(':irlit'lit,·r ........· 2-1-0 2/2/57 3,587.76s O.17 Shnrtall, Lucy M......('„1„·rnicu< ........5-2-1 2/2/57 :7,779.64•TS·12 Smith, Marian ........1·'.l,·1-:,Aut lii:rh ....· 8-7-9 2/2/57 3,7·11.72*7€45 Strigely. Arth,ir C. ....1:1~;rl,·1,-,..1 111:h ..~ 2-2,-10 2/2,57 1,315.20•:128+ St„rer. Alice I). .......1·'.11-1,·Ii·„„d liigh ...5-0-18 -, -,0. 0..- .." ,92%!~ Swenson, Huth ('. .....7,1,1,·11 'r,·,·11. Iligh.· 8-1-10 2/2/57 3,645.2193!10 Taylor. Awnes IT. ......1:ns>: ...... ~.~~ ~...: 5-·1-10 2/2/57 3.044.76
:1291 '1'lirpin. Swelsic' 11. ....\Fill:11·,1 ...........: 5-3-10 2/2/67 :1,0:2(1.60Wh:ilen. 1.nuise V...-W•·11. !liu·h.......: 1-9-10 2/2/57 2,Oil0·1•
:4292 TvilliB, }1(·14,11 C. .......('r·:in,· '1;·,h. nisrh. .·0-0-0 2/2/57 3,416.28•1,824.649293 Wil>4011, V:lrjorie Tr. ...1•'i:ki, ............· .,-U-1:1 2/2/57
92:1 1 Wilson, 1:11·y D. ......H:il>:h............·12-8-10 2/2/57 3,61 9.OK
•Entrrittix 11 '( 11 ' 111 ' r rt' lirrit ( Iner rt'- t ' mlil„? iment nn n f <' 1 ,21),1 1 ·tint 1 , 17 .. i :
Disability Retirement PinsionsD-·159 Shnlor, Veronic:i R....lf:n- .............28-1-10 12/22/56 2,073.GOD-·160 'I'n·„hey. 71:0·ian 12.... f'„11 Sh·111,+,11 Hig=h . 30-4- 10 12/10/56 2,121.36
IFid„,rs' Per,si'cms
WA-11 JT:ittoon, .171nt„ Elli,zi. ................31-9-16 12/25/56 1,219.41(li'ir/r,in of /·;di,·ii, 11'. .1/aft<,0,1. ti·fir·h,·1·-prnxion('I)
W.1 -12 JT irinix, 1:cisp .. 1/21/57 1,361.04(11'id,ile „.f /,(·inni·/ /'. .1/inni,4, tem·her-71(·11*ion·i)
Summary of Prnsions GrantedOptional sol·vic,9 retil·ement pensions..........14Commilsory servic·r rrtirement Iwisions... ..·19Disal)ility retil·ement peniioni................2Widows' pensaions ......,.......···············2
On motion by MrK. Johnsen, seconded by Mr. Pasnick, the recommendation ofthe committee was approved and the service retirement, disability retirementand widows' pensions, listed above, were granted by the following roll-callvote:
Ayes-Miss Scully, Mrs. Light, Mrs. Johnsen, Mr. Meierdierks, Mr. Petrie,Mr. Pasnick, Miss Taggart-7. Nays-None.
February 21 172 195;
Rescind PensionThe committee reported further that on .January 18, 1957, the trus,tees ap-proved an application for pension to Loretto A. Solomon. On January 23,1957, the trustees were advised that Mrs. Solomon's death occurred onJanuary 14 1957. Since no pension payments were issued to Mrs. Solomon,our attorney has advised that according to Section 3.1-109 of the pension law,AIrs. Solomon's death may be construed to have occurred while in service andthat her beneficiary is entittled to receive a single sum benefit of $2,500.00.In accordance therewith, the committee recommended that Mrs. Solomon's namebe stricken from the pension roll ancl that the records of the Fund <how thather death occurred while in service.
On motion by I\Irs. Johnsen, seconcled by Mr. Pasnick, the recommendations ofthe committee were approved by the following roll-call vote:
Ayes-lliss Scully, lIt·s. Light, lh·s. Johnson, Mi·. Meierdierks, Mi·. Petrie,Mi: Pasnick, Miss Taggart--7. Kays-None.
Appointment of PhysiciansApplications for disability pensions were submitted with the recommendationthat physicians be appointed for the examination of the applicants,
On motion by Mrs. Johnson, seconded by Mr. Pasnick, the appointment: of thephysicians, listed below, was authorized.
.Terome M. Grtines, M.D., 55 E. Washington St., Chicago.T. M. Radzinski, M.D,, 25 E. Washington St., ChicagoS. A. Sugar, M.D.,3724 Fullerton Ave., Chicago
To examine Sara L. Bodian, Bryn Mawr School
Irving Puntenney, M.D.,720 N. Michigan Ave., ChicagoJoseph Tatar, M.D., 30 N. Michig·an Ave; ChicagoJohn Bellows, M.D.,30 N. Michigan Ave., Chicago
To examine Iola S. Hankey, Kosciuszko School
Le~ter A. Nalefski„ M.D.,10,1 S. Michigan Ave., ChicagoDuane W. Propst, M.D., 30 N. Michigan Ave., ChicagoEdwin S. Sinaiko, 104 S. Michigan Ave., Chicago
To examine Mary J. Knesberg, Lewis-Champlin School
1957Felirrinry 21 173
Cancellation of Pension
The committee reported that the following pensioners have been re-employed
as teachers hy the Board of Education. Pursuant to the law, the committee
recommencled that pensions of the persons, hereinafter listed, be cancelled as
of the effective date of re-employment.
Rnte of D"kt'enM ll) Il ite-enti,loyed
..2/4/57...2/4/ST(':ills,)11, 1:lith |). .$2,78,~.40..
CV,lit'M, In,7. M...... ... 2,754.96.(;Nd,·1·y:thn. 70;1'1'14:l 1,727.01
0,·tter>4}unren, 1.:liz:il),th ...2/11/573.571.92 ...2/4/57
! {,t 1 1~ 1~ 21 11, i t,1 1 11 11. . . . . . ... 3,165.12. .....1/7/57
On motion hy Mrs. Johnson, secomled hy Mr. Petrie, pensions for persons
listed above were ordered cancelled on the dates indicated by the following
roll-call vote:
Ayes-Miss Scully, Mrs. Light, Airs. Johnson, Mr. Meierdierks, Air. Petrie,
Mi·. Pasnick, Miss Taggart--7. Nays-None.
Outside Time and Military Service
The committee on annuities and credentials reported that affidavits or otherevidence, attesting to or certifying (1) service in the public schools of the
several states or in schools operated by or under the auspices of the UnitedStates outside of the City of Chicago; (2) time spent in the military serviceof the United States during the pension period; (3) service as a playground
or recreational instructor for the City of Chicago or the Chicago Park Dis-
trict; ami (5) employment by the Chicago Board of Education as a schoolclerk al'e hereby presented for the persons hereinafter listed with the recom-mendation that they be approved; provided that in the case of outside teachingservice no more than 10 years be credited and also that the last three-fifthsof the term of service for which an annuity is granted shall be in the publicschool. of the city.
Service Mer,·ire ('reilitwN:Imi· „f ,!r,Illier 41.1,1/4 (De„criptic)11) (YrM. MoN. 1):ly,0
Trcirhing Serric,• in l'iii,lic Sch,ii,1: tir linder Ailspires of the F.S.Conn,·1·!, Bus:inne ...........Schurz Iiigh ..........Te:whing . M-4-101)imill'(,ff, 1,illian al. .......- I~1,1,0 '1'i·ch. High ...'reaching . 2-5-011,·('c,!mic·k, Ch:irlotte ....,~ilbstitilte ........ .Te:lching lili-0Murl·:l>·. Frank .........,... Pen;rer 1Iigh .... ..71':whing . u-5-10Ivilki isBn, :111131,· 1-'arental .. ~'t' t·.whin#4· .11)-0-0Will:c,1.Hon, 1:(,1,~~rt 11., Jr.....Parental ....·········Teaching .10-0-0
Milit,iry Serric,• 0/ th,• United StatesAult, Verly,1 'W. ............C':,lumt,t liigh ........~ilital·y 1-3-0lit·own, III·171-y H,imiiN·......J.N. '1'hol-I).··········Military 2-0-0lt:ims,·I·, (;r„1.4,1 C'. .. ~* ~.....K,·I. .... ~ .............Milit:lry 1-0-0
Fel,rizary 21 174 1957
Outside Time and Military Service (continued)Employment in Other Chicagn Gorernmental Units
Coan, Dorothy M. ...........r;:irvi· ................School Clerk 1-7-10Ke*·min, Helen ]·'............ Nob,·1 ................ Behool Clerk .........0-6-0LaP.110, ICIe:11101·.1 1'. ......... I-1,11·. ('hil,1 Htz,(ly....,.54,·hi)(il Clerk ......... 1-0-0Mooney. Julia-·\. ............ >4<mth 5<hort· High.....St·h,ml Clerk ......... 8-3-13P,·kel Mill:l, Lloyd M ..........('hic·:16-c, Voc. High ....1:rer,·ational Instr.... 1-5-15Sulliv:in, Al,·x:ind,·r ......... I:lir. of II:1,1,lic:,1)1),·(1.. i'layground Ingti·..... 6-1-11Wat,il·H. Erm:i L.........,.. i.':11·1,· I'll.rd. ...........]:,·preation:11 Invt,· .... 3-0-0
MISCELLANEOUS BUSINESSElect Committee Chairman to Fill Vacancy
The resignation of Miss Ethel R. Burns resulted in a vacancy in the chair-manship of the Committee on Pension Law and Rules. Therefore, MissTaggart nominated Mr. Arthur R. Petrie to fill this vacancy for the unexpiredterm of Miss Burns. This motion was seconded by Mr. Pasnick and approvedunanimously. Thei·efore, Arthur R. Petrie was duly elected Chairman of the
first meeting after the October 1957 election of trustees.Committee on Pension Law and Rules for a term expiring on the date of the
ADJOURNMENTOn motion by Miss Taggart, seconded by Mrs. Johnson, the meeting ad-
I journed to meet at the call of the Secretary.
K~ &4 3. 3412/-Recording Secretary.
1
March 22 175 1957
REPORT OF T1116 PROCEEDINGS
OF THE
Board of Trustees
OF THE
Public School Teachers' Pension andRetirement Fund, City of Chicago
Adjourned Regular Meeting-Official ReportFriday, March 22, 1957
An adjourned regular meeting of the ROLL CALLBoard of Trustees of the Public SchoolTeachers' Pension and Retirement Present: Miss Scully, Mrs. Light,Fund was held Friday, March 22, Mrs. Johnson, Air. Meierdierks, Mr.1957. Petrie, Miss Taggart-6.
The President, Miss Scully, called the Absent: Mr. Whiston, Mr. Pasnick,meeting to order at 4:00 P.M. Mr. Marshall-3.
March 22 176 1957
REPORT OF COMMITTEE ON FINANCERenewal of Lease for Pension Office
The committee on finance reported that the present lease for the Fund's oflicespace in the Builders' Building expires April 30, 1957. The management ofthe Builders' Building has presented a ton-year lease for the present quarterswith the right of the Board of Trustees to terminate at the end of five years,April 30, 1962, by giving two years* prior written notice. The monthly rentalbeginning May 1, 1957 at the rate of $436.35 pet· month will be subject toincrease or decrease in the event there is a change either up or down in theoperating costs of the building. These terms correspond with the terms ofthe lease for the Board of Education. Under these circumstances and sincethe Fund must occupy space which is adjacent to the Board of Educationoffices, the conimittee recommencled that the above described lease be approvedand that monthly paynients be macie in accorclatice therewith.
On motion by I\Irs. Light, seconded by 1\Irs, Johnsen, the recommendations ofthe committee were approved by the following roll-call vote:
Ayes-Miss Scully, Mrs. Light, Mrs. Johnson, Mr. Meierdierks, Mr. Petrie,Miss Taggart-6. Nays-None.
REPORT OF COMMITTEE ON PENSION LAW AND RULESPension Legislation
The committee on pension law and rules reI)orted that on November 20, 1956and again on February 25, 1957 contributors to the Fund were advised ofthe trustees' proposals for amendments to the pension law. Contributors wereinformed that the Illinois Public Employees Pension Laws Commission notonly approved the trustees' proposed changes but also reconimended certainrevisions in the investment authority for the Fund.
Teacher organizations and a majority of the inembers who communicatedwith the trustees indicated their approval of the proposed changes. Thetrustees' investment counselor and also another recognized investment counsel-ling service approved revisions in the investment authority, which wererecommended by the Pension Commission. Therefore, the committee on pen-sion law and rules reconimencled th:lt the following revisions in the pensionlaw be incorporated in a Bill for presentation to the 70th General Assemblyof the State of Illinois:
1. MINIMUM SERVICE REQUIREMENTS FOR RETIREMENT PEN-SION: If separated from service at age 55 or over, ten yean ofvalidated service shall be the mininium requirement for receipt of aservice retirement pension, provided that payment of a pension forten to twenty years of service shall be deferred imtil attainment ofage 65. Such a pension would be computed according to the establishedformula.
M.irch 177 1957
2. SINGLE-SUM DICATII BICNEI•'IT: Remove the pressent restrictionsagainst coverage by the death bonefit provision for male teachers,whose wives qualify for widows' pensions.
3. MAXIMUM SALARY MEASURE: Inere:,se the maximum salarymeasure from $6000 to $7500 per year as the maximum for Lane Oneincreases; provided th:lt, in no event. shall the maxinium salarymeasure exceed the rates imid by the Board of Education to teacherscredited with a bachelor's degree (Lane One).
4. EMPLOYMENT OF PICNSIONERS: Increase the number of d:irsduring which a pensioner niay be employed as a substitute teacherfrom 40 to 60 days during a school year.
5. CORRECTIVE AND CLARIFYING CIIANGES: Simplify or improvethe worcling and structure of the present law. Eliminate dul,lications.Delete obsolescent provisions.
6. INVESTMENT AUTIIORITY: Under certain prescribed conditions:ind restrictions, extend the present authority to include the purehaseof revenue bonds of municipally owned utilities, revenue bonds of anydepartment or division of the University of Illinois ami obligations ofthe Dominion of Canada, II:awaii, Alaska and Puerto Rico. Removethe present restriction which limits purchase of corporate bond:; to10% of total investments, and establish :m over-all limitation for suchbonds at 50% of total investments.
7. REVENUE: Increase the tax levy for the fund by $568,000 per year.
On motion by AIr. Petrie, seconded by i\Irs. Light, the recommendation of thecommittee was approved unanimously.
ADJOURNMENTOn motion by Air. Petrie, seconded by i\Ir. Meierclierks, the meeting adjournedto meet at the call of the Secretary.
M/&M S.\55~ ~ZERecording Secretary.
179 195;A pri 1 19
REPORT OF THE PROCEEDINGS
OF THE
Board of Trustees
OF THE
Public School Teachers' Pension andRetirement Fund, City of Chicago
Regular Meeting-Official Report
Friday, April 19, 1957
There being no quorum present, the meeting adjourned to convene onMonday, April 22, 1957, at 2:00 P. M.
Recording Secretary.
April 22 1 S 1 1957
REPORT OF THE PROCEEDINGS
OF THE
Board of Trustees
OF THE
Public School Teachers' Pension andRetirement Fund, City of Chicago
Adjourned Regular Meeting-Official Report
Monday, April 22, 1957
Ati adjourned regular meeting of the Board of Trustees of the Public SchoolTeachers' Pension and Retirement Fund was held Monday, April 22, 1957.
The President, Mhs Scully, called the meeting to order at 2:00 P.M.
ROLL CALL APPROVAL OF MINUTESpresent: Miss Scully, Mrs. Light, On mot.i(,ii by Miss Taggart, secondedMrs. Johnsen, Mr. Meierdierks, Mr. by Mi·. Meierdierks, the mimites ofprtrie, Miss Taggart-6. ilie regulni· meeting of February 21,
1957 and the adjourned meeting ofAbsent: Mr. Pasnick, Mr. Marshall, March 22, 1!}57 were approved asMr. Whiston-3. printed, and the printed 'minutes of
tthe regular meeting of Noveniber 16,1956 were corrected on page 139 todelete the name of Lois Marie Broddlisted under refunds a/c excess de-ductions by the Board of Education.
April 22 182 195;
REPORT OF COMMITTEE ON FINANCE
Reimbursement of Contingent Account
The committee on finance reported th:it receipted bills, cancelled checks, bankstatements, and other supporting documents covering expenditures for theperiod froin February 20, 1{)57 through Api·il 17, 1,457, inclusive, and totalliiig$779.68 were audited.
The committee found that expenditures had been macie properly and recom-mended that this account be reimbursed in the aforesaid amount.
Bills
The following bills were presented with the recommendation that they beapproved and paid.
1(Ini Station,·r.:2/28/67 ()ilice .11}~I,li,·s ..... ·$ t':t.103/2j/57 0111,·e Atitil,li,·s . 46.!12 6 110.32
E. H. *huhm Comlinny:3/ 1/57 JI:linto !1:lric·i , for nlinloograI,11 ma-
chin,· fin· thi l„·rind from 4/1/57
Legs allowance for service notrendered as of 12/31/56 9.32 46.68
4/ 3/57 Mimeograph sum)lies 31).75 S 6.43
Cl,Ieli;58 Cup & Specialty DI,laion, Cl:,rk l'roduciN, Inc.:3/16/57 10,000 1':iper cups .... ........................ 40.90
Ceintitic·ntnl IC,1,-elol)e Corporntion:2/27/57 50,000 1.Vindow c·rir·4·101),·s~ . . :76.<)1
750 Envelopes 331 x 7% ........... 5.63 381.64
Less credit for 2,000 returned.. 15.04 366.60
]Inyi,¢ StiatiNtic·ni Service, Inc.:2/20/57 Routine changes in pen:inii I):i,-roll for
t() February :ind March 1957............... 73.703/30/57 Actuarial statisties :ind insurance reports 1,1·11.70
Tivt, h,·1·>4' c.(iritribution creclits by 130:irclof Education ........................ 518.10 1,733.50
Marxlanll-.Inckion Compuny:2/27/57 2 Steel ming cabinets. . 195.0 G3/29/57 1 Set tabbed guides..... .. 35.75 230.81
Mc?Cormic?k nild Hi.nderMon. Inc·.:2/11/57 Printed forms nlid :111)1)lit·K..... 257.65
t (, Printing and mailin;r I),·!13:ion4/10/57 lizilletins. 428.00
Postage 61.05 489.05
.T,·inn:it·y report of procerclingst ......... 410.25St€?cial proer.King of teachers' records.. 25.00 1,181.95
.it. it 183 1957
Bills ( co ), ti " wed )
1'~111.,Ii:1-]len,·er, 11,4'/27/57 Carbon paper ........ 136.SO
G, .1. 1/,„11 it C'c']1'11:Wly:
1/23/57 W,)1'ktm·li': C{)till)2'116:Ition and emt,1.)>et·:Cliability insur:ince ..................... DO.00
l'ilitry-11„ne,4, Ine.:::/11/57 l'ost:ige melet· rent:11 :71/57 throil*11
5/31/ST 34.631/15/57 1'.il·t 101 1)Usl:lge 111,·ler 2.00 36.63
itc•ming ton-lizind::$/ 12 / 51 Adding m : whine ribbon . ... 1 .:10
Uiliticl Minte. 1*'idelity :Ind (:imranty Conlimity:;/ 5/57 1*posit<,1·'$ 1•'01·KI·t·y lion(1, ·1/20/57 to 4/20/38... 103.00
lih~Mi«•i:,51.;3/ 7/57 Tatar. Jo:rl '11, 71.D., 1·:x:i:71. of Iola Hrinkey....... 13.003/12/57 Bellows, John G., M.D.. Exam. of 101,1 H.int:,·>·. 26.003/22/57 1'2·opxt, 1)I:inc W., 71.13., 1·'.xam. of
10.00
>41,reint Mer,·ireM:3 / 15 /51 lili · kland , Fleinin ;r , Green , Martin & Elli ::
Le;r:11 service from 12/18/66 10 3/IS/57. 1.25 0.004/10/57 l 'eat, M:Unvick, Mitch,·11 k Co.
Ailditing services iIi· th,· 1-<·:11· uncl,·,1August 31, 11)56 ....... ....... ..... .1.SOO.00
T(,tal .$9,920.26
Refunds and Death BenefitsThe committee reported that documents pertaining to claims for refunds anddeath benefits for persons listed herewith were examined and verified. Ap-plications for refunds a/c resignation were made by persons who are nolonger employed as teachers by the Board of Education. Claims for re-funds of contributions and for benefits payable on death of teachers andpensioners were determined after certifying dates of death and establishingproper evidence for each beneficiary, administrator or executor. The com-mittee recommended, therefore, that refunds and death benefits be grantedfor persons listed herewith in the ainounts specified.
The committee reported further that other refunds to contributors, listedherein, were paid at the time reports on audits of such contributors' accountswere submitted. In each case, the refunds were due to changes in rates ofcontribution for creditable service or to oilier required adjustments in theapplication of automatic increases in rates of contribution by the Board ofEducation. It was recommended that the payment of these refunds be con-firmed and approved.
[[efitinb. 11/4. It€.41#rilaticill:1:,iri#:11.ld, Mary K. ..... .$ 802.72Holid, 71111:1111 .1. ...... · 2.1.(mHrunni·r. 1'8!nel:, L. 24.40
.alhl'
-\T"il 22 IS·; 1,337
Refunds and Death Benefits (continued )
Itefund ,4 n / e Itewignation : ((· fintin" cd)Call:ihan, Rosemary J..... 250.50Carmody, Mary M.......... 970.50Can-y, 1':ltricia M. .... 424.67Clurk, Margaret M. ........ :152.67Clib:i. Eleancil· ............ 252.0012,·iwell, Shirlry Rose ....... 428.50I''tax, Donna n. .............. 17'1·3014,/sbel·%, I·Ielen O. ......... 47:1.00Gorl,_·wski, Vir;:inia A. ....... :;10.5()Greenberg, F:Lilli L,......,. 465.75Grifrith, Anita K. ............ 67.50Guis, Han·y 1,·122.50Hamer, Mortic,i . 1,000.05Harris, M,ir·joi·ie K. ......... 866.!11Heller, Alice B. ... 974.53Hoys, Barbara J, ...,.., 120.00Jankowski, Alberta ....... 257.14Kantor, Rochelle ........... 60.00Kay, J:inice S. 625.0010-ohane, Man· P. .......... 265.00Kloe],for, Dol·othv .......... :)70.75Magrady, Maryellen . -,-, 1.REf 5,9Malinski. Robert Joseph ..... , V-...Martin, Sira 2·18.001Ic.Vickers, Virginia. Ann ... 114.00Mooney, Arthur C. ......... 2,206.80Mueller, Marie B. ... 277.00Mulligan, William G..... 539.20Nat·es, Alarion 404.25Nordahl. Josephine A. .... 354.00O'Connell, Mary Therese . 241.50Pt:isinski, I-Ir·lone B. 1,017.00Rasmussen, Holon .......... 352.50Ray. Teresa Jean M. 160.00Rayburn. Mary K. 156.00Richards, Nancy ...... 579.00Rosenziveig, Loisann ........ 31.82Roznor, Gloria ................. 2·19.00Ruta, Antle M............... 426.50Ryan, Robert F. ......,......... 1,3.15.70,Schumacher, Rosalie K. 574.11)Sinsrer, Rita Rose .... 95.00Sowlin, Albert 477.36Symeg, Edith .... 238.84Van Kathryn M. ............. 1,591.25Wadn, Botty .Lane ... 703 75Warner, Irene A. ........... 531.18 825,824.32
Refrindm of Acreumulnted Contrilii,tic,np~ on Denth:Ellis , Byron ( 11,11·garrt R . Ellif and Bin·on Ellia , Jr.,mlminitrators )...............,................... 1 , 611 . 38Hallgon , Avis 1 ·1 . ( Edint ¥·d P . Tf~tits, riL br ,irfiein )·11 )...... 4 , 391 . 00Haynes , Elia Mav (h·cd 8 . lf( i !/ lic ), bruffiria ,·11 )........ 4135.7 ,1Helsitur , ITelen Tr . ((; i , nuffi · ./. // flainfi , bencticin , 1/) ..... 1', 625. 59 •Krop, Max C Yo /,1 , 1 ,4 10 · rip . licti~' 11 (· iii )-1/) 1 , 909 . 75Ri ' iM , 11 . /, clith ((; rl),-lle 11, m . R ,·it . hfnflific, 1 - 1/).......... 45Solomon, Lot'ettr, A. (Jolin J. Nolomon, bencticiarl/)..... 5,451.60 23,016.71
0.'lintuitant
Single Pnyment Ilenent on Death of TencherM:Ellis , Tlyron ( Margarrt R . Ellis and Bitron Ellis , Jr.,
fidminift,·ato,·R) . ............ 2,500.00Hartirc, 11 , Ruth G . (Min - 1/ . Ttilici Grolt , brnrflriar,/) ..,-... 5, 506.00Haugen , Avis E . (}·:dirn ,·d P . Hatioen . brnefirini-1/) ...... 2 , 500 . 00Haynes , Elia Mny ( Fred R . Tfal,neR . bencticia ,·1/) ........ 2 , 500 . 00Krop, Max ( 3' 01(indc Krop , benenciart/) ................ 2 , 000 . 00Refs , H . Edith (George - 11' in . Re { R . benettriarl#) .......... 2 , 500 . 00Solomon, Lorette) A. (Jolin J. Solomon. heir)........., 2,500.00Wood , Marjorie R . (Marjorie Fugate and Janr Rocinhaus ,
brnellriaries ) .... 2 , 500 . 00 19 , 500 . 00
105;April 22 1 S 5
Refunds and Death Benefits ( co ,irinicd )
Single 1'13 ment lienetit int Drath of '1'etielter-14·11,414,lierM:
-\11ell, Puri¢·1 ('0,1,1 ....1/(,7'lif. bt'11('/iciar.,/1 .............. 500.00
Cuminins. Clyde M. C/.„ici.:c' .1/,11,·li,·tt, ('1,1,1,· /6,bo·t Cum-m inx (rit (1 1)0,1 #1/,I ,f.1 f,i;,1 ('u i,Imin.~ . 2„n ,<tic·ic, i·ics) 500.00
II,·1>:intr, liclen 11. (f,lutimi- ./. /14'l>:iny/. 1,C;1('/ician/) ..... 500.00Mintlis, 1.,•111,1,·1 1,1 AN'(,8,· .1/. .1/initiN, 1,<11¢11('ia,-*/) ....... 500.00Trintoli, 1.„Nis 1. (,i'tixan 1, li'int„n, Lia 11. Slad<·)· and
500.00 2,500.00
Itefilild. of C „i,trilit:lic,iti for Mervier in IC,reNM of ·15 Ye:trMIn the Anti,unt Atitili,•111)!r :1% 1,11 011'Met ti, the I)elle[eney forHer, It·c. Prieir t„ .1 111.· 11)'It:
Corcoran, -\1111,1 M. 450.00Con·imin, .lane 18.00Molone,·. Frances M 285.00 756.00
I{rflintl,4 11/c .~ iIi,ilment in Rinte< „f C'cititriliuti„n:16.00
1.ST 17.87
$71,614.90
On motion by I\Irs. Light, seconded by Mr. Petrie, the foregoing reports andrecommendations of the committee were approved. Expenditures for thereimbursement of the contingent account and for the payment of bills, re-funds and death benefits were authorized and confirmed for each accountshown above by the following roll-call vote:
Ayes-Miss Scully, Mrs. Light, Mrs. Johnsen, Mr. Meierdierks, Mr. Petrie,Miss Taggart-6. Nays-None.
Duplicate WarrantThe committee reported that the person named below requested a duplicatewarrant in lieu of the following described check which was received andlost. An affidavjt, certifying this loss and indemnifying the Fund againstany liability, damage or expense, which may result by reason of issuing suchduplicate warrant, was duly filed. Therefore, the committee recommendedthat a wai·iant be issued to tile person named below in the amount inclicated.
1):.tr 1.Ilri,«, 4 c.Amount NumberRed!11„11,1, c':ltll,·1'ine Q. ....$86.69 352353 3/31/57 Pension paymentt
On motion by Mrs. Light, seconded by Mr. Petrie, the recommendation of thecommittee was approved and the warrant was ordered drawn by the follow-ing roll-call vote:
Ayes-Miss Scully, Mrs. Light, Mrs. Johnsen, Mr. Petrie, Mr. Meierdierks,Miss Taggart-6. Nays-None.
-\11: 11 22 186 1937
Changes in Bond Indenture
The committee on finance presented a propos:11 hy the Tennessee Gas Trans-mission Company that bond holders pei·mit several aniendments to theMortgage and Deed Trust covering outst:incling first mortgage bonds. Theproposed changes relate to the conipany's expansion activities and also aredesigned to facilitate the mechanics for authenticating new bond issues.The Fund owns the principal amount of $100,000 of these bonds. On adviceof the Fund's investment counsellor, Standard & Poor's Corporation, thecommittee recommended acceptance of these proposals.
On motion by 1\Irs. Light, seconded by Mr. Petrie, the recommendation ofthe committee was approved unanimously.
REPORT OF COMMITTEE ON ANNUITIESAND CREDENTIALS
PensionsThe committee reported that applications for pensions were presented forpersons, hereinafter listed, with the recommendation that the pensions beapproved and granted in the amounts and under the conditions set forth here-with. In the case of each applicant for service or disability retirement pension,the employment of the teacher had terminated officially, the legally prescribedminimuni years of teaching service were completed, and requirements withrespect to age (if applicable) were fulfilled. Each applicant for disabilitypension was declared by three competent physicians to be suffering from adisability which wholly and presumably permanently incapacitates him forteaching. The applicants for widows' pensions furnished proper evidence oftheir rights to receive such pensions.
Member'M School Service 'ro Annualor YrM. Dnk l'en,;!onN o. Nnine of Tem·her Member'M Sintlim MM. DRYM From Ilitte
Optioncil Serrire It,•tirrment PrrisionM1~242 Al'chi·t·, Marian K, .... 1:„OHi·Vell lii;rh 26..,1-19 .ills /57 51.51 101;" 206 lt ., it , ir ,". 11 : i , i : ' i ·,· 1 C . . lh , 14 /,·¢. t (, .. 4 2 / 4 /42!16 ('(i„k, 1''li,i·enct· C.'...... Ili,wi· ............,30-9-10 3/15/57 2,280.00,) 297 C€) 1 · 14 ·: iii , ./: ini · M. .... Hyfnrd . ... . 16 - 1 . 3 ,/ ul ' N52./X I)rim·oil,.1,·:,1111,·tte V...(':,1,1,vt·11 ...,......30-0-12 3/ 2/67 1/Xx'.,)1921 , 9 ,/ 16 /:, i6 2 nx (ir,N·nhi·I·Ar. Sumu,·i S... 1'<in·,·11 I·Iigh ...31-3-0 2/ 1/67 2,151.H
..75-1-10 1 /11/56 2.8 ·15 9,I &,1 cit:ilior, (-'1,11·:i M. ..~.,. 1:1·:icir,·t,11 ,41-1-10 :;/:,f)/579.;02 Guill):Hilt, 71:iry F. ....Chicago le:t. 1'„1. .25-0-16 ::/2:,/67 1,38 K.„111:111. 1·,clward IC. ...... 1.·111,· '1'4·,·11. 1Ii;411....12-0-0 3/ 9/67 1.60(1.219 3,1 1 Kilor:in, 11:11·v (', .,..., Rfirr·,·M IIi;:h.. 29-4-10 1/ 4/57 2,16 X 2,9305 I:innick, 12„>-c·c· ... ..C:,lumet ]Ii#h .....:31-7-10 2/15/57 2,550.72
4:,fii; Knizi·k, 1''Ic,/·€,/ir,· L.... 1'#'1111 ....····.....3!1-!1.0 2/16/57 :4:,0.614 lf)7 L:thi·. Flor,·lice G. ,.,.. c.':ilitinet Hi,rh .1-1-(1 3/11/57 2.870.16!'30< 1,;~713,1, Chrissie IC. ... Taft Hir.·11 ... ..'.,Il:,-1) 1/16/;7 , 602.56
M:,loy. Ailit:1 D. ....... Henit Trich ....... ."- 2/ 2/67 3,*)10.6~~'1 2 1 n Mnincilis, 12:ill,h ......Crnnr ITiL:'11 ......26-,1-0 5/ 4/6,; 1,,gif),71;71xi) M:11,h, lilvira IV. ,,... 7'Irnin ............49-4.-n 1 /1!,/57 2,25.1.92:':; 11 11„lon,·V, 1·'1·:1/1,·,·S: M Mulli\-:Irl iii:: h ...45-8-0 2/14/57 3.S 21.61
April 22 1-7 1957
Pensions ( coutinued )
M<Y„lier'pt Ach(wl Ser/ice 'ro Annualor · 1 rN. 1):ite 1»e 11% ion
Nzinar of '1'4·:wher Me:11|irr~,4 St:1111,4 11(,3. 1,11,·M 1.'rc)111 itate
Optioncil SI'rrice Refiren:ent Pensions Ceontintied)
4312 N.tAi.·, il:LI'n:iret C. ... 12,111.1, . '1-7-10 2 / :f <9 I .:,.i/;1'.11 1t)31:; 0·11:ill,·r. Catherine V.. 1.,Mcir·11. . .25-1-109311 Perrv. 1.illian K. ....., '1':mt-t librh ..... ·~5-2-10 ·1/ 3/67 2.::t':;.(1.19.,13 Perry, '1'11„mas W. >41·luti·z lligh .... .:A-1-10 3/27/57 2..41.m,9316 Hank, 1:,ist· 11:a!·v G. . 1:i),,>:t· i ,·It High . '·1-7-0 2/ 2/67 2,6:".2119317 A,·,rcut, Alnbel K . . ':;-0-0 3/ 2/57 2,<:6.929:; ix >;c'h,·id, Colett:L M. ...., 1,21,-ri,1.,1·„ok ........:,1-5-10!~:; 19 >4<·11/1.,2/fer, hma 1,2. ... Nt·wherry .... :;1-1-0 2/ 2/57 2 6:9.5,-,9:; 2/' H,ho,·,il„·ck, il,·1,·ti L Austin High ....... 10-0-10 8/ 2/57 :;.;:M.5,;9321 Strahan, 1:clith ........'1'ilden 'lh·ch. 1 jigh..27-7-5 1.1,52.529:,22 Hilthell:ilici. Alic·,· C....Sullivan 1Clum. 11-3-0 1/30/57 2.&22.·t,9 3 2:; Vet·boomen, 131:111ehe C. Mt. (;rienwootl · :;7-6-0
.''I'./.- - .. .'' 1 9.,
'.' IVilen, 11:11'Lruret ......1 1.,11:„11 1'.irl: ... -- 4-0 .),--1.1.
Compuhciry Sen·ice Retirement 1,6,„: i,)"S
SS05 13:iker, C'.11:11·les W. .... Kelly High · 12-8-0 2,515.52•9325 Corcol·.'in, Ailmi M. .... 1':irkHide ,- ...... 14-2-10 1/23 /57 3.8 17.22*:,326 Gies, XI:irie S... .,.., 1:ilt·ilizighs ·········11-2-0 2/ 9/57 ::,321.(14*8024 Lyons, Alice A. ....,.. Calholm ....·······)7-1-10 3/30/57 2,5!15."0 I
1,$27 Murphz'. JI:kri:aret F, .. ~late/'iew Ilifrli... ikti 2/ 2/57 X.742.42•!1:12x l'irici Els:i L. ..... 8/1657 115.56•
Shakmanoff, Berni,·,· 1.2, '1'~,nti ,..,,.....··· ~-5-10 2/ 2/57 ::.461.2X'rli, ·i sen, A 1171:1 M + ... Iren t rvi,i·t h ....... .11 - 5- 0
3/16/57 :i.ti:,0.60.:i.L:,1 Turley, ira S. ,........ in·(1,· 1':ark High.· ··13-1-0* 1 ·Snerit 118 tim · her )·ctived ulti ·,· i c -(· 1 ,11)103111 ( Ht i, n fi temporart, 1 , 11 .: iN .
Disability Retirement Pensions
D-·161 13(,(lian. 51:11·:,1,. ..,,... Bryn Mawr .....···17-8-0 6/22/56 1,093.20D-·162 Hankey, Iola S. ....... Kosciu:,zko ······· ·28-11-0 .,.1'·R.UU0 ... i.- I .A , -A
D-,163 Kn,wbert:, Mary J. .... 1,ewis-Ch:implili ·· .10-3-11 11/3/54 494.28D-·16,1 Riley, Edw:ird R......Hamilton Voc......27-9-0 1/23/57 2,053.56
8'htmY' Pen~ons
WT-26 Fouche', Pinkie T.ee .... ..............12,-2-10 10//S/56 295.SO(Widow· cd ('101·iN E. J. Fouche' teacher)
WA-13 Winton, Susan I. .......................23-0-11 2/18/57 Sql.72(Widoir of Louis I. Winton, tearlter-pensio ner)
mary of Pensions Granted(,i,fi„irtil „,T·I·i,·.· 1·i.lingnelit pensionS......33COillplilSOry :1(·In'ic·e t·~~lit·(·111.tit 1:(~Il.1-,iri. 9Dinal)illty rrtil·rmi'nt pensions ............ 4Widows' pensions ..
On motion by Mrs. Johnsen, seconded by Mr. Meierdierks, the recommenda-tion of the committee was approved and the service retirement, disabilityretirement and widows' pensions, listed above, were granted by the followingroll-call vote:
Ayes-Miss Scully, Mrs. Light, Mrs. Johnsen, Mr. Meierdierks, Mr. Petrie,Miss Taggart-6. Nays-None.
Ar,1 il 22 188 1957 ~
Appointment of PhysiciansApplications for disability pensions were submitted with the recommendationthat physicians be appointed for the examination of the applicants.On motion by Mrs. Johnsen, seconded by Mrs. Light, the appointment of thephysicians, listed below, was authorized.
William Fitzgerald, M.D., 5158 W. Madison St., ChicagoDuane W. Propst, M.D.,30 N. Michigan Ave., ChicagoEdwin Sinaiko, M.D., 10,1 S. Michigan Ave., Chicago
To examine: John J. Dennison, Graham SchoolBarbara M. Nickey, M.D., 3420 W. Van Buren St., ChicagoAnne W. Becker, M.D., Pontiac, MichiganRichard J. Lilly, M.D., Pontiac, Michigan
To examine: Dorothy H. Ebey, Bryant SchoolH. Kelekian, M.D.,30 N. Michigan Ave., ChicagoDuane W. Propst, M.D.,30 N. Michigan Ave; ChicagoRobert N. Hedges, M.D., 30 N. Michigan Ave., Chicago
To examine: Margaret E. i\IcGeoghegan, Libby School
Cancellation of PensionsThe committee reported that the following service retirement pensioners havebeen re-employed as teachers by the Board of Education. Therefore, pursuantto the law, the committee recommended that pensions of the persons, here-inafter listed, be cancelled as of the effective date of re-employment.
Rate of Dill rNninr Pendon Re-em,)14)~1111McI·fligh , Gemn' jeve ...$ 2 , 605 . SO ............. 4 / 1 /STSomors. Joanette S. ............ 2,715.72.... ......3/11/57
On motion by Mrs. Jolinsen, secon(led by Mrs. Light, pensions for persons,listed above, were ordered cancelled on the dates indicated by the following1'011-Call Vote :
Ayes-Miss Scully, Mrs. Light, Mrs. Johnsen, Mi: Mcierdierks, Mr. petrie,Miss Taggart=-6. Nays-None.
Change in Effective Date of PensionThe committee on annuities and credentials presented a report from theBoard of Education regarding a change in the date of resignation for Bess B.Searls. On January 23, 1957, the Board of Education approved her resig-nation as of January 31, 1957, but on March 13, 1957 the clate of resignationwas changed to February 1, 1957.
.\Pril 22 189 1957
Change in Effective Date of Pension ('contintted)
The committee recommended (1) that the records of the Fund be correctedto show the new retirement date, (2) that Mrs. Searls' pension be madeeffective as of February 2, 1957 instead of February 1, 1957 and (3) thatan adjustment in pension parment for one day be authorized.
On motion by i\Irs. Johnsen, seconded by 1\Irs. Light, the recommendation ofthe committee was approved and the above-described change in date of pensionwas duly authorized by the following roll-call vote:
Ayes-Miss Scully, Mrs. Light, Mrs. Johnson, Mr. Meierdierks, Mr. Petrie,Miss Taggart-6. Nays-None.
Outside Time and Military ServiceThe Committee on annuities and credentials reported tliat affidavits, or otherevidence, attesting to or certifying (1) service in the public schools of theseveral states or in schools operated by or under the aust,ices of the UnitedStates outside of the City of Chicago; (2) time spent in the military serviceof the United States during the pension period ; (3) employment as a civilservice librarian in the Chicago Public Schools or the City of Chicago; (4)service as a playground or recreational instructor for the City of Chicago orthe Chicago Park District; and (5) emliloyment by the Chicago Board ofEducation as a school clerk are hereby presented for the persons hereinafterlisted with the recommendation that they be approved ; provided that in thecase of outside teaching service no more than 10 years be credited and alsothat the last three-fifths of the term of service for which an annuity isgranted shall be in the public schools of the city.
Service Service CrcilitMNnme #r ,!einlier Se]I)(,1 (1)<.Herli}tion) (YrM. MoN. Dity,0
Teaching Ser,vice in Pul,lic Schools or Under Auspices of thi' U.S.Bevier, Doris M. 1,„De .................Teaching ............ 0-4-10Byrd, Weit·>· 1,1. .............. 5Vid:.#·ortli ..........Teaching ............ 1-0-0Eigsti, 01·ki' .1,„'4)1)........,·.·U.„ ~ ····.~ ............ 7-0-0Te,l. Col TeachingFenste!,meher. Beryl l: . 1·'unner lligh .........Teaching ............10-0-0Haas, Rochnlle Lal-'ine ...~.. Xtowe ............... '1'eaching ............ 5-4-10Heinle, Otto L. .. .... .., Von Steuben I·Iigh ....IN.·aelling ............ 2-4-10Kogan, Sally S. ............- ~ub>:titzite „.-Randall, Sylvia L...... .Khoop ................72·:whing ............10-0-0Robinson, Reginald ......-.Substitute ...........Te,whing ............10-0-0Sirot:i, M:irvin ..Chicago Tra. Col. .....Te:whing ............ 1-4-0Titinan, P.iril Chic·zino Te.l. Col. .....Traching ·······..... 1-5-10VIrilder, 15*:Illiye L. .......... Kilb:,tituti, ........... '1*,•:whing ........ 2-0-0Wolf,·, William J...... ..~ M.LI'shall High ....... Traching ............ 2-0-0
ifilitary Ni·rrice of flie l/,Iiti'il .,fate..Goranson, Geor;re A. .....~-.Chicago Voc. High .... Milit,iry 3-4-10Kipp, Imrnmon L. ..........-Davis Plgd. ..........Military 0-3-15McGuire, Hugh.............Monteflore ...........Milit:try 3-1-S
Employment in Other C.hicago Goveritiilentill UnitsBellinger, Ruth ............ Byford .............. School Clerk . 0-3-0Coughlan, Rosemary ....... Douglas Plgd......... Recreational Instr, 7-5-0Engez, Dorothy ........... Drake .............. Librarian .......„. 5-9-5High, Rosalie ............. J. A. Sexton .......... gchool Clerk ......... 3-7-10Horrigan. Esther M. ........ Burns ............... School Clerk ......... 2-0-5
4}:df~SifNicihaojds' ....:... fit. ffUrnonI ....:... R~eretitiom~l insir. ... 7-6-70Stoffey, John M.............Kershaw .............Recreational Instr, ~~. 1-0-15
.\I,ril 22 190 1937
Revision of Outside Time CreditsThe conimittee on annuities and creclentials reported that the total validatedoutside teaching service exceeded two-fifth, of the total time considered inthe computation of a disability retirement pension for Mary J. Kaesberg.In accordance with the requirements of the pension law, the committeerecommended that ~\Irs. Knesherg's outside time credits be reduced from 5years 1 month to 4 years 1 month 8 days, that contributions therefor beadjusted and that the records of the Fund be changed accordingly.
On motion by Mrs. Johnson, seconded by :\Irs. Light, the recommendationsof the committee were approved unanimously and the above-described revi-sion of outside time credits was duly authorized.
REPORT OF COMMITTEE ON PENSION LAW AND RULES
Pension Legislation
The committee on pension law and rules reported that the Fund's auditors,Peat, Marnick, Mitchell & Company, recommended a monthly settlementof the payment to the Fund under Section 34-90 of the School Code. Thisrecommendation was prompted by the fact that the Board of Educationreceives its payments fi·6ni the State Distributive Fund on that basis. Inaccordance therewith, the committee recommended that such a revision beefTective January 1, 1958 and that it be incorporated in the legislative billwhich was approved previously for presentation to the 70th General Assembly.
The committee also recommended that legislation for a change in the Fund'sinvestment authority, which was approved at the adjourned meeting onMarch 22, 1957, be revised to reduce the limitation on the purchase ofcorporate bonds from 509; to 40% of total investments.
On motion by Mr. Petrie, seconded by Mrs. Johnson, the recommendationsof the committee were approved unanimously.
ADJOURNMENT
On motion hy Mrs. Light, seconcled by Mr. Petrie, the meeting adjournedto ineet at the call of the Secretary.
MJ~,*1 53=rRecording Secretary.
.4 9 .
June 21 191 193;
L
REPORT OF THE PROCEEDINGS
OF THE
Board of Trustees
OF THE
Public School Teachers' Pension andRetirement Fund, City of Chicago
Regular Meeting-Official Report
Friday, June 21, 1957
A regular meeting of the Board of Trustees of the Public School Teachers'pension and Retirement Fund was held Friday, June 21, 1957,
The President, I\Iiss Scully, called the meeting to order at 2:00 P.M.
ROLL CALL APPROVAL OF MINUTESPresent: Miss Scully, Mrs. I,ight, On motion by Miss Taggart, secoiidedMrs. .Iohnsen, Mr. Meierdierks, Mr. by Mr. Moierdierks, the minutes ofpoti·ie, Mr. Whiston, Miss Taggart the res.'111:11·meeting of April 22,1957
7 wei·e approved as printed.Absent: Mr. Marshall, Mr. Pasnick-2.Mr. Morris B. Sachs, City Treasurerand ex-officio member of the Board ofTrustees, was unable to be presentbut was represented by Mr. ThomasJ. Corrigan, Chief Clerk.
June 21 192 1957
REPORT OF FINANCIAL SECRETARY
Financial Statement
January 1, 1957 through April 30, 1957
IN 1 1:4'I'.MICN'I' .ic ( 01-1'1'
Inve,dinentM. .Yntilirtry 1, 11)57 1,t I':Ir 1-1,11,e(a) Bonds of the United States :ind of
the State of Illinois and itjl :ril,divisiONS.. ..528,511,247.54(b) Corporate bonds ,.........................,.. .1,·NO,000,00(c) Chicago Board of I·'cluention {H;
tax anticipation warrantx ............... 100.00
Total $32,951,347.54Add:
Total invested 650,000.00-
33,601,3·17.54Doduct:Bonds nuitured 122,500.00
Inve,4tmentm, April 30, 11),57 nt I':tr V:,lue(10 Bonds of the 1-,lit(·cl Stati'M and of
the State of Illinois and its :ul)divisions. 0. 7.8-.-1.1(b) Corporati: bonds....................... -4,7.;0,000.00(c) Chicago Board of ]Cclitcation GU
tax anticipation Wail:ints ................, 100.00
1 In,·eMtment Xecolint,.ifiril 30, 1,9,57 at I'lir i zilue $33,·ITS,S·17.54
Ill·:C I'.lp'I'% .iN]) I)IS]HIP<ICJIICN'I'%
C :IM]: 1%:tlnner, .1111,11:Iry 1, 1 !)57
('.ish-City Tronsur,·r ..... 352,·126,7,1C:i :h-Contingent firmi ..... 1.673.7.5 357,100.19
RECICIP'I' S
In,·rqtment IncomeInterest routwns pre>u·nted fin· parnwnt.... 297,489.07Interest income 0,1 tenip(,Im r investments. S,·122.39
Tnx Colle«·tionM Retilitted in the FicridLevy for 1950 and prior .. 3,965.91I,evy for 1 951 ................... 724.74Levy for 1952 ................... 13,617.56Levy for 195 22.892.83I,evy for 1954 7,771.48L,·vy for 1955 . 91,496.14 14:1,165.66
Contribution,s by I'nrlieiliziniN (41,11,ry Decliariii)114)Resrubir tbahern .................................5 1,819,068.93Substitute teachers........................... .. 170,20,).·14Oflice I'll]H 03·CH·s ................................. 2,096.08 8 1,991,371.45
Cn,¢11 I'layment,4 to l'triad 1)}· 11':trticil)11]1(M(rl) For Chic:vigo teziphing Art·vice.............. 132,212.62(11) For· otlier Chicago scin·ice :ind outside lime. ... /4,21;,1.,87
9,GS-1.12 191,166.61
Homh nedrenwil lit I':ar 1-2111[e ....... 122.300.00U. S. '1'reil„tary lilill,4 liederme,1 :it ('„Mt. 1,3,11,577.11
Julie 21 193 1937
REPORT OF FINANCIAL SECRETARY
Financial Statement ( enUMn Ic ed )
1 1 i x e e l I n ti e o 11 +
Income from State Distrihittive Fund..... ....... 4.12.ST;.91;Reimbursemelit for uncal'lled p,·11>1011 11,0 ni,·Ilt:.... 2(15.KSGift from ,·st:it,· of l,Cliz:il}.·th A. Ho>·si %516 443,32·1.611'.efund ch,·c·k #l:;0.; 1·1·ttirm·,1 1,3 1,<):11(1 1,1 1·121'·:itit~11
Total 11,·cripts .I:,1311:,1-, 1.1'11,7 th!·nugh April :10,14,57... 4,539,323.40
Total 11.ceit,l. and lit.Ainning Bal:,11,·:........········· 5 4.896.42.;.St
1)1>1/1 1[%1·:111<1'1'4
Itefitit<14 „f M;,11|irri' C'(,i,(rilititi,iti,4. 4]tic. 14
(a) 12(·Signation nt- teach,·rs .. .. .... .... .. ... .... . 52.053.66(11) Ch:1111(':4 in 1·,ile: 2,f unntrilitition ............ 1.228.7-10·) 1:t·vision Of out:id,· tillie en.lits .Cd) 54ervice in excess of ·15 y,·ar>; .... ..... 1,:1·10/72Ci·) I·.xerss declilctions hy 14„:11·<1 „1 1·:clue:ition... 10.90(f) 1., rt>,1~~11 01 1:ltr. for credit:1111,· st·1·~i,·t·..... 620.0,1(10 ]Crror iii deduction by 1;nard <,1 1·,illic·:Ltintl... 102.00(11) Retilement of male teachers m,t ,·lititli•,1 1(,
widow's annuity .................. 368.00 53,SGS.96
lit·n Mil)11 :rnd 11€·1:rill Pityment VGros>; Pon:ion 1':iyments
Surrier retin·ment . ..62,/;2:',26:J.6;Disability ............ ..31.565.0:1Widowt ............ .. 1~1·18.141:evel·sio nary .. 2.74.24
2,61111,SKI.ltiDeduet:
Blile Cross -1311,3 S'llield pr,·miilmsivitlih,·1(1 53,212.TA
.\(1(1: 2,637,671.82
DING Cross-Illue Shic·ld premiumsl):ii(l ...
1 ...'.. ' $2.690,,S *66.6,9
Ilt·:,th lic'Itelit I'nyment,4
]:,·funds of contributions ............. ·12,2,52.1,0Hiniwle-sum benefits on denth in service. :11,500.00Single-sum beneflb, ($500) 011 (le:lth
of pen>doners 5,0011.00 78,852.GO $ 2,769,719.29
Admlia[Mtrative Expellve(a) Ofllee ::ilarirs:
Net mlim-it·:, 1):,id ................$ 2.1,1:)41.·12Cintribitium; for p¢•IlMi.!18 ........Blue Cro:.4-111111-• Shield premiums
wilhht'icl. 372.63Income tax withhold............. 4,735.70 0,.1).1.X:H
(b) Professional services:Aticliting-Prat, Marwic·k, Mitchell
& Co. (y(Nu· 11)55-1956) ......... 4,500.00Legal-Kit·kland, I·'1(,ming, Green,
Martin & Ellis (:)/18/56-12/18/66) 2,500.noMedical .......................... 170.00 7,170.00
(c) Rent-1 months . 1,602.00(d) Electricity .... 122.11(e) Telephone ....... 1 17.26
1
Junc 21 194 1937
REPORT OF FINANCIAL SECRETARY
Financial Statement (continited )
(f) Tai)111:iting :orric·e:Tenchers' Contribittion credits
hz· 13. of B ................. 2.711.01Actilari:il Statistic·M .ind
in.zir:iner· reports.......... 1.6 98.7 0Pension payroll . . 1.02·1.19Omee administration ......... lOG.30 5,5·11.10
(cr) OfTice supplies 1.OSO. 99(h) Oflief? rquipmont:
I-'rnteetogrral)11 121.00Filimr (·al,inets and witid,•: ····Maintgnance of minle(,graph... 46.6 S 440.9 9
(i) Printing:Oflirr forms ariel :upplies . 1,1,75-1,roc:reclinirS .............. 1,460]9~l'etision F:tcts ............... , 1,·1..,/ 3.292.SS
..... 1,371.15(]:) Tn surance premiums:
Public employ,·i·s' hone:ty111:inket 1),mil ................ 270.57
Tilt€·rior :ind nif•:H,·111.rel· rribbery... 255.5KDepositors' f„i·T,·rv 1,r,nd ......... 105.00TVorl<nian'. rr,mpon:ation :ind
liability ill:11 1':lnce .............. 90.00 641.45
(1) 1Cmplor,·1·'A sh:21·r· rif r,flir·c, ri111110yrrs'}31Ng Cross 1)1·0·1~liums ......................... 51.7,5
(m) Cost nf l,rilid :incl int,·rest collection........... :21.Sf)(11) Convention expenses (NCTR in Atlantic· City-
3 <1,·legal(·s) ................................ 611.09... r r
<p) 811#nes: linc·heons and dinners .............. 1 DS."·1((1) Memi)<.rshiI, clues :Ind nfllrial I )111)1irations...... 103.060-) Mise,·11:lm·Olls exp,·715409 ....................... 46.08 5 53,20.1.43
U. C. Trezip,ilry IliliN li:re]::INed zit C'(i,d ... 1,i·,5,269.50
Inrc,Mtment,4
Mond: purchased (par value)...... 650,060.00T'remium paid ........ 20.·162.32
Pur, ha:P pr//0 670,·162.32Accrued int,·ic·st paid ..... 2.977.57 673,·139.59
Total DIM]),IrMemenl N, .I:rn. 1, lf).;; 1]lrough .11:ril 30, lf)57 4,697,502.06
Cnrh n:l]:inee, ~11}ri] 30,1037Cash-Ctty Treasurer ... 191,·122.48Cash-Contingent frind . 4,199.35 $ 19/.921.Ss
Itc·spectfully sul,mitted,
Cit·'.OID-;1': 0. MICTICI:DIl·GI-:1<54,Fin:incial Scen·tai·y.
On motion hy Mr. Meierdierks, seconded by Mr. Petrie, the four-monthstatement of the Financial Secretary for the period from January 1, 1957through April 30, 1957 was approved and orderpcl printed in the proceedingsof this meeting.
Tum 21 195 193,
REPORT OF COMMITTEE ON FINANCE
Reimbursement of Contingent AccountThe Conimittee 011 Finance reported tliat receipted bills, cancelled checks, bankstatements, and other supporting documents covering expenditures for theperiod from April 18, 1957 through June 19, 1957, inclusive. and totaling$1,257.77 were audited.
The committee found that expenditures had been made properly and recom-mended that this account be reinibursed in the aforesaid amount.
BillsThe following bills were presented with the recommendation that they beapproved and paid.
,< i:ix Ki"ti"lic r.:4/30/57 ('lli'·e s'ippli•.: .... 4.'.165/21}/5,7 01!ice supplies .... . Al.23 $ 79.41
]En:ir,1 4,1 1·:<lic:,ti«,1, 4,1- 11,r ('i(,· cif (hh·:1..„:1/22/57 111-t•p:tration of t.i|)111.,tinlr c..1,1>; slwi\-ing t,·:whers;'
*I.try dedurtion>: toi· ,·:1,·h 1,:U·1»11 peric,cl fu·<,111215.5S
C,ilic':,Ar (ciri),Ir:ilion:4/11/57 8111)1)lies for Cope:i>:9· 1-)~11,1,~x nuwhine. .......... 62.95
M. 1),1 irM ,I:lintrit:Iner Ker.·ire:1...2311:lt,·rials and lal)„1· for repail·in;r clevks. .........
]Iziye.x Minti>dical R.rih·r. 1,1(•.:4/30/57 -\,·tzi:it·i:il :tati:tic·.and iii>:211·:ince report>:.... . ~;ss.·in
t, ('hantres in Apl·11 pension payroll 126.:155/31/57 Te:whels' Contrililition ,·1·4.clits hy llc,:il·cl of
/1 : .4 qICA",·.,tin" ............. ..... .............O!114·*· adniinistration ..,.... ..· ············· 73.:10 769.5:1
M/tri·h:aill C':11,·Iti:,(in·N, Inc·.:4/1%/57 54('1';ire on cale"lat.1........ ····· ··· 7.90
114·(„inii,·1: :11„l lic„,!crvin. 1,14·.:1./12/57 Crinted form: :111,1 .211,1,lies.......... ··· ~';P.>:5
120,1)1·11:ll'J· 1·4•1)01·t (11 1,14)('t·t'(lilli',3. ... ····· .102."0Print in:r and nuiilin':' 1...11:1(.11 1.1111*'t i 11 .1 lul
exceilit from annual rel,(,ltPost:urt. ....... ············ . . SO. S:; SoC.ls
1956 .·\Illilt:El report 3,631.27 5,215.Mo
l'i//,·.--1/0..·t·., Inc.:--s , Sm 1 '„ st :,;re ni ,· t ,· 1 · 1 ·, nt :, 1 6 / 1 / 67 thi „ Nuh €/: 11 /:, i 31 . 22
7'18,»iehin»:5/:;1/57 Hiri:Iik,), 1·'.(lwili S.. X!.1)., 1·'.x:1111. nfll:113' 1::li·:1)2•r:r. 25.0(,6/ 4/ST Hin:ziko, ]C,in·in S., 71.11,, Ex:rn!. of .1„1111 14·irnison. 2 5.00 50.nO
*11¢•1•illl ><C•1·, i (·C·~:6/13/57 Kilk!:111,1, 1·'leminx. C;i-,·en, M:irtin & 1·'llis:
1.250.0054(:ill[1:11·,1 &· 1''m/·': c.„1·1,1,1·:it,('21:
111\.·:1111.·tit rown::.·lini. fr„N: 6/10/57 t.. f./10/5.L.. 4,000.00
511,6,92.1.1
On niotion by Mrs. Light, seconded by I\Ir. Petrie, the 'foregoing reports:ind recommendations of the comniittee were approved. Expenditures for thereiinbursement of the conting·ent account and for the payment of bills wereauthorized and confirmed by the following roll-call vote:Ayoss-Miss Scully, Mrs. Light, lIrs. Jolinsen, Mr. Mcierclierks, Mr. Petrie,Mr. Whiston, Miss Taggart-7. Nays-Nolte.
June 21 196 1957
Refunds and Death BenefitsThe committee reported that documents pertaining to claims for refunds anddeath benefits for persons listed herewith were examined and verified. Ap-plications for refunds a/c resignation wore macie by persons who are nolonger employed as teachers by the Board of Education. Application for re-fund of contributions for widow's pension was macie hy a person who wasnot entitled to such benefit at the time of his retirement. Claims for re-funds of contributions and for benefits payable on death of teachers andpensioners were determined after certifying dates of death and establishingproper evidence for each beneficiary, administrator or executor. The com-mittee recommended, therefore, that refunds and death benefits be grantedfor persons listed herewith in the ainounts specified.The committee reported further that other refunds to contributors, listedherein, were paid at the time reports on audits of such contributors' accountswere submitted. In each case, the refunds were due to changes in rates ofcontribution for creditable service or to other required adjustments in theapplication of automatic increases in rates of contribution by the Board ofEducation. It was recommended that the payment of these refunds be con-firmed and approved.Refum!44 11/0 Ite,~igmillirn i,f Itckill:trly I·:111!11„yed '14·1111)cr~:
At);)el. Audu·i· 11. :'29.25Roll, Nina K. ............,. 42:;.00Rorman, Ze](la L. .....····························· 51,5.50131.unt. Man· .Tane· . 425.25Brf·w::t,·r. TEsth,·r K 1.060.50B r (,nks, Barb:ira H.Jillchanan,,T~,anne E. ..,.. ········· ········· ···· 45<).75
1:11.10Cla>:,·n, 1:11,·11 S. .... ···················...... . 1,(111.1,0ric,stig:ill, M:lry L.11 225.50Dixin, Gloria ~71>:„17...·· %69.XlMhert. Norina L 1.:i X2. lt)ICI,At,·il).11:tri·i,·tt 1 .................... 2:; 1.(10!':1111:1111,.. f':il:,1,·,1 D. .........
27/).(10Footlik. 1,1,11·:, 1:22.001·'1·i,·dh,·irri. Jack IC. .......c'idilm:in. Virma Kay .................·-·-·· --·· -150.75G„i·,1„„. .fi:clith 1,0,10.(10
1.276.10nisrgc·r. ran,n- rfe.· ::1:'.50}Ir,lt.man, C':0·011·n E. .22.001<iester. RI:,ry F. .. £42.64KliSM, Unm(,11:1 F. ......... ········· ··········· 511.00Er;un,·2·. Myra L 100.00Kr:tils, 10,·(·il(' . . 79·1.68Mnler, Catherin f. S. .....··-················ ····. 361.04Mciarnara, Alice K... ·to.00Mullwrn, Joseph P......... ......... ..... . 2"Mulhern. M:,ry ............................... ... <5.00Muri}}iy, Lumm Il ..........·············· ······ '1·19.!H;rellirran, JVinifted J. ..,..... ···················· 'U< 1.62Nunn, Dorr,thy T. . 1,947.60
150.00}hmenth,il, Lc,rraine G. 340.00]'054, 1·'lizal„·th M 153.00R.nu;fl<,1,1, IV.i!·ren IC. 1.056.17Sahfu·:in, Evelyn 125.14Krahill, C'Fle:tr· 20.00S,·h:ihow, Phyllis L.. .,....···················-·· 3.12.00Sh:ick, Willi:im .1. ........······· ················· 611.26Shrift»r, 11:tric,n K. 514.00Sterlinir, Ib•net· .......·············· 167.70,Stern, T),7lp (i. 5·18.00Stookal, 13,·vorly . ................ .. .... .. .:!I<.60Turbin, nita F. .............. 6,(1.11
1.tic,.m)Willette, I·folen II. 330.00Ziegler, IIelen Hagen 1,640.75 5 26,01:1.19
Tune 21 19; 1937
Refunds and Death Benefits : cont Murd )
Iteftilidi :1/c %4·1,[irittion rrini: >4(·rii(·r „1 +111.(itilleor '1'empur:tril, ]·:in,il,i~ 4·~[ '1'i·:1,·her.:
A/1,1,·Iv,11. F„11,·n F.. .11.. 111. ; 2.\"(1,·1·:-,it, li, b.,il.,,211:4,, 23 1.1.0\lit„'111<. 1,1:111 .11. ... 210.1*
1:1:.1.Sit-\Shl)1-1,„1.. 11,·1'i·11>'11 ... 2:11 1'1)Allfl·i<ht. 11,·,1,1:, . 1:i,.11011:/1111:, I,i H,· 1|:/!·I2:.251;/1/NLIN. .\|i,·,·Iii>:,· H.
lb/'11:!F,k. ./:,111•·: 1\*. 711.20275.1:,Iii·11'wlit,·. 1'' t,·i· ,1.li' :-",I i),in":, 1.:'tri.·i·t ..~~ 2,-1...)./. 120.On
1:i,·lit·1:. 1)„it:,1,1 .1 4.}3·12HolinK, 1:„1„·i·t G. ......,.1:„11:1,·r. 71 1·2·1·1:,·it,· ./11,·n ,; 0.11 11
1:,111(irt·:(11, if:,1.1,|[i .f. 27 7.,G1:„11,41·111:Ill. .T„1111 1\~ 142.56lit('itm:~11, .h)\'(·i· , 7/.56
1 11/.il/11:111. 1.,1/'·in , ~ ..,0 -.
1;1·imi. ]I,·Ill·>· .1. 0.0012.1,0}b·ri,n, Lili:1' C . .
('.11·1„,11. I.:,ri·,·i„· .1. ..IL. 13'1.00
('hi·!·ry, 1/„/„·1·t i.. .. 191.ATCht·isti:111, lim'iIi·: ,;,„r·;re. 1:,RimChini. Alb,·)·t:, N Gn.M('il,011:1. Vitic·,·tit .T,11,1,·:- ... 212,56('w·i, X:,tali,· 1,1 ...... .. 28·10(?oil,·rl. B-,·iyn f.re . . 162.,.12:,1.00Cohn, (;praldili„ 1.(,i>: ..... 56.25
2 ·17.5 6lirl·'ilitil)iv. .\11th(,111 .1„hi ]26.0012.001)illon. M:,rie 11. ... .
11„11„hur. Mi,·h:1,1 .1. .. . . 120.001-)till(·:ill. .111,11·,·w ..,.... 70.35I ". Onl)n·>·er, .1:N·(1~1,·lint· E]Cilman. 1·'red (·. . ... 156.f}f)
f#LM222.nofri,11„·rM, ('„1·1·iii, Rittli . -< -5Fildman, ('h:,i·lotte , sh.on, 12,·nt„11, Frederich 1.1 ..... ---I''Filmt!·:nilt, Tilli,. . 79.20Fitz;ribl)nn. 1·:,ina I,. .....,..
1·'itzlril,lion. '1•11,)117:1>4 IU. 267.3SFitznnull. Ann . 12:.26
217.5G(;:11·oz.zo. .fohn 1..... ,. 90.00G,•1'1:1('11, 1"1':t n<'t•>4 R. ......Child. 121/th 23.1.002:".1.00Gravitt, Vivi:in H. ....... 15.00Inke, Erwin l.. -16.50Ii:llpern, Aticire.· ..... ·. 41.50IT:irtleiii. M:ir#·*.1-Y Q.1 · 25 1.00H.irtbn·, .1(,an
lr:istitiks.. i':iti·icin M. 72. 06Trawk. Ch:illes N., ,11·. ····· 11.25
292.6611,·ftel, Vil·Lrinin Li·,· . 11·1.6011(}ttoll, .111,1,· 11. .. ,
]Itli·!l),It. C:,·1-:11,lilli• ... 161.2<
T[ill:116. 1<:itli,·r·i„i. 13. ..,.... 21.002:11.{\0
J')1111<.0/1. Urillinni .71.
: 8 8~ EfiKahnwrilty·, 1:it:iK:illenl),1,11. 11:11·01,1 IV. ..,... 231.onKrating, 121,11 ,··11(. 1, 1,,..,...Elebanoff. Unbert n F. ..... 17·1.AnKouimm n. 1':itric'in N. .... 190.75Ko:·tp. Liwil,· M. . , 69.75Lantsph. M,it·gal·rt .,....... 72.no1,0,17, 1I:'ixille .T. 111.00Lock, Stlsan F. . ........... 11·1.00T,unclcillist, Audrey X/:u·i,· , .lf.00lin!·ti". .1:1111,·: TZ. ... 252.56292.56Matteo, Robert
Tune 21 198 1937
Refunds and Death Benefits ( colitinued )
Refund, 1,;c· >4ell:triltion fri, In Kervice or Kill,Mlitilte( ir '11('m Imriarily 1·: nitili , 3 · ~ · d '1 ' e :irti : ri : /,· f ,) 21 int[(, 1 )
23·1.00Mccarthy. Judith W. .................... HIX.00
12.0/)Me('ranev. H:irriett ]C. ....... ············ 11>%.50
2:;-1.00Mel:i(1(jeri. Hita M. ......................... 150.00-TI, 1 c J:. Mai ~ 1,*. 22.5011„]11:1Il,1. 1':1221 ....... .. ............
21)/;.2X12(1.')1)
1 :'ll:tile>·. .hori M........... ........... 1!1%.001':Ilk,·1, .John Willialli .................... 123.1,1Phillips. Nancy ...... ................. 2-1.(H)1'04,·mst:i. !:of.Ilinda M... ................ 12.00
11!*.25Asmu>05(·Il. Gertrude .................... 120.()0Heed, .lillia -um ......... ............. 121.50Reich, Edward H.......................... 180.00I:ezwiii, I:*·1111,·tli ............................ 242.5,;iti,·dy. .j,·:rn J:. ........................... 2:51.00#mMO VI··Ltll~ 1~ 278/1,/)
222."02912.56
1'.unwng, 7„1:t i. ........................ 17,1.(Il)S:tin·i,nchik. Muri,· ................. ...... 234.00H.irider., (;w·:ildin,· .1. ................... 72.01)
56.2522.50
Manlan, Thmmd P ..................... 2!12.54;Sc·.1111„11, 1'11;11 1). . ... ............ St.02)Schil,·s, .Jam,« 1 . ................. 21;2.51;,<r·1111,·,•, >4;t/1,11·,1 ..... ........... ...... "22."0St·Irn,·id,·r, WRha,·l IL ..................... 112.51;ghn,·id,·r. Willi:mic' .. ... ..... 2!12.-5 f;Shulton, init]1 . ..... .................Hil verm: in, ... .. .... ..... 1,/'. 4.,
11.25Kni,th, 4,6·n" C,... ....... ....... 27<.·11)St,i·ek, F](u·ene,· k. ... ................. 150.75St,·i/11),·/·Ar. 1·iii·11:t ·· ..... ....... in 2.61;
231.('C)
I./·il)i'· /'Itilit, .\. ..... ..... :,1,6.(;S7'illiI):iIi„,,lihtlilit· 217.591 -11,":iri, I..,]ix I .. ... . .. ... ..... :iNG.2 SW:,lk,·1·, Elizal),·th ,1. 21 1).()D
111.00lAi)."M
-Weinbet·Ker, Mary holl .... ····· ·····..... 242.56
172.36Willi:tins. ID,bert IC. 1 66."C)Trilmil, Trrilliam Cecil ...... ............. 2,12.56Wittert, 131·82,1.1 .... .................... 186.00 21,327.01
Reftinti (, f C '„ niril ), iti ¢, Il »4 ft,r H' ic ]¢ i , i * A I ' r 11 . i () 11to l'ericin Xot Entitled to Auch llc•tirlit:
I-),·nnison, .Trilm J. $ 705.70 05.TOItefittld,4 „f Ace,1,<111]zikil C '(,11(ri|,1,11„51,4 0,1 1)1·:ith:
Ashl , ind , ICI. t ,· 11 ,· T . ( Knuipne i . hhiand . h , 111 11 , i~r~ ) . . 3 . 705 . 261 )ovl ,·, 1 )<, ri , tin· >2 . C 1 /, 1 ,·,nirriti ' /: i · ri , I /„,1 . 1 , ~ ' 11 #' ii ,· ittl -!/) ..., ;, t ) 1 · 1 . 25Fil*Himnions, 301·:1 V. c triumm ./. /'iti.Nim;/1'MX /;f'tt,/
Airn Fillsi ,itin ,inx fin ,1 1 : 1 , 111 < h ; 1 )<' 11 : 1111 ·. tl ,· 11 ('fili , 11 ' ic .). 2 . K !) 3 . Sf )Gilli ,· 5 :, M : 11 ·>· ('. (( It / f ; i // i ,· N . 4 , 2 ! 1 !*. i ;· 1 .II : n · kins , M : ii · ir 1 :. C .Ki ,di i · . 1 /,i ,· 1 / /·.7 ,(/ u ,irr a 11 4 \' i )·, lilli ,1
..... :;,722.11)*lr ,· C ': ti · thi·. Mny K . . 15 : 1 .( 11 )li,·acl, I)„i·is (*. C//i/,·i·i.>: 7'3·,i:t .f .<'in·i,1.i).: /M,11.·, ,·,i·<·i·ritor) ·1.227.50Most,·11, M:ivy (.1/w·,i .1. f; 2,716.0611111 ( 1 ,· I ·, Chi - i - lill ,· X . (.fi , 1111 f '. \ 1111 ,1 ,· i ·. 111 · 11 ,· fi ,· i , tril ) ... ~ . 1 ,:,! 12 .( 10C )' Al : 111 ,· y . 31 : 11 · K ",· 1 - it ,· C \ nil „ , 1 . ¢}' 71 ( 111 , 11 . f '*,· il . It j
1,·(2{c' unri Vin·i,· f'. 1,;,itip,li. liturfi,·i,trit.) ........... 4,'Sm.41f).lt:,1·1,·H, Hh,·lib·Id A. C'„„/'i·'/1,1 f.,Ifir//,··:. /,4 „,·/i,·i,i,·i/).. 1.21,1.00St·hmidt. 11,·1(·11 (//,i//: /.'. 5'i·/imi,/1, /uu,#'i,·inr.U) ... 662.13* 37,2(17.82
..1 /1,11/i/,1,1 f
little 21 199 1937
Refunds and Death Benefts (,·,jiltilitte {I )
Mingle 1'11 iment 11; iarlit int 1)c·lith „f 're:ic·],er,4:
-\:111:,nd, IC>:t,·lie T. f /:i,1,·/1/11, /. .1.:11/,in,/. 1,enc#,-iii„/ j. . 2.500.001 -joyb ·, 1 )„ 1 · lithy S . C . 1 / ( 11 , 114,· ritt' ii ,·11 }lt .„. 1,t „,·fi(* i , l ,·! f ).-·· 2 , 511 / 1 ." 11Fitz>:ininions, 32,7·:2 V. C Hi//i,nu ./. 1-it:.imm.,1.:. /:,·/t,/
.tilit /' it -: imiti „ 11 . 111 ,1 1 ,1 , 1 , i ,· hi · i ),· p ,Litir . t„ n ,'liernric· Nj .. 2 , 500 . 00Mi ·: id , 1 )( iri >: C . t // Ill · l · i : 7 ' i · Ii .: t ,[ xiii · in ,/.: / i , 1 , 1 /.·. c.n '· 11 birl 2 , 500 . 00Mulclet·, Christine N. C./„hit f'. 1/i//drr. /,i'//(·/i,·/,1,·//)..... 2.5(11).1/0031 . illi · y . 11 : 11 %· 11 ,· lite f .\, 1 , 1 , 1 .1 . t )'\ 1 ,111 ,! 1 . (' l '< ili ,1 1 '.
-1/renc und Waric ('./.u,m,Ah. M·n,/ici,trb,%............ 2.600.00( 211 : 11 · le ., Shet | i ,· 1 , 1 A . ( fi / 1 ,/ crc / M 4 */: tx . (tdmillish ·lihir ) 1 . 01 ) 11 . 011 16 . 000 . 00
Single 1'1:b-mei:t 11(·Ili·Ht (in I),·11(11 „f '1'(·:,cher 1'4 :,~innerv:
Gilli ,· s , M : try C . 1 (' ii / (; ilti ,· X . 111 It (' fi , i , 1 ,·! 1 ) . 5 ( 11~ . 110
H:11·kin.. 11:trie ]:. f 1-ir,nuia P. //,1,-1.-i,1.:. /,i·,1,·/i,·i,fi·Ii)... 51)0.1)01/cI.:unrhlin, 1·211,1 11. C.1/B. ri, or,/r .1. //,wk' 1/,1,/ -1/i.~··
William Ki,·1:1,1,1,1, 1.ni·/i,·i,1,-i,·> 3................. ..Xehmiclt , II ,· 1 ,· 11 (// ir„.I /.'. .~i ·/imi ,/ r . 1 , t ·, 1 ,· fi ,· i , 1 ,· 11 }........ 51 ){ i .", AHerfelilt , Catherim • Clii / lic, in V . 6 „·.fi /,/ f . 114 ·,1 ,· ~it · i (:}" ~~ j .- 5 *0 . 1* 2 , 500 . 00
11(·flindN (,f ('„titrilitti,in>- fuir 44·r, ic·r 1,1 1·:„·c,~ of ·15, i'r:,r,4
iti (hi' .11:1„11 nt .~ 1,1,1 1 4.111,1 c· 1, i :1]1 () li.rt I H (l, 4· 1)<fi ,·i; n i·. 1.rMer,i,·4· l'ri,ir tii .litly ll):; t:
At)(i'·1*.4.Ii, Col·:l 72.01)Barney, Mariz~~1 60 210.,01 ·'.
Irefurn(!M 11/e .1(ljilM(ment. in 1{1114•+ (ir ( u :1(1·il:lili(,18.:
Ellis, Lola 0. ......... 22.10Fric·(1111:111. Man·,•11.l F 7.2KGen,ro, Emily IU. ..... 13.50H.,tic'. William 0....,. ..·*·t
lint·.111, 71:11·i,· L. ..... 28.1/)Johnson. Julia F. :;S.Gt;IC,·111„1·5:. 1,„1·<,th>· .... 27."(1I,:11':„M, 1:(~Tlli)11:l K. .31,·(·:u·tlin 1,/ic·ill,· F. .... 06.21)Minni,k, .\IR·,· 31 ····· 21.511
12.""(}'C.(ullun, ('.Ith,·1'int· .1.12'1·111/:Ht. Iii/·i:,11) ... 1:/.50l'i,·k. 1:10·:111„1· ...... 1:~.X"
46.1 3191·/·c·,·, 1)(,11)Ilint· ..../'4,1541/1,·lli, .1/.,/3 71. . . 2."4Wrher, Cil"ria M. . . 12.15 432.95
$101,!1·16.77
On motion by Mrs. Light, seconded by Mr. Meierclierks, the foregoing reportsand recommendations of the committee wei·e :il)proved. Expenditures for thepayment of refunds ancl death benefits were authorized and confirmed foreach account shown above by the following roll-call vote:
Ayes-Miss Scully, Mrs. Light, lIrs. Johnson. Mr. Meierdierks, Mr. Petrie,Mi: Whiston, Miss Taggart-7. Nays-None.
Duplicate WarrantsThe committee reported that the persons named below requested duplicatewarrants in lieu of the following described checks which were received andlost. Affidavits certifying these losses :ind in each case indemnifying theFund against any liability, damage or expense which may result by reason ofissuing such duplicate warrants were duly filed. Therefore, the committee
Jim: 21 200 193;
Duplicate Warrants (Continued)
recommended that warrants be issued to the persons named below in theaniounts indicated.
Nante Xiii{Hint Number 1)ate I'liri)(I.,6Hackett, M:irn· A. .......5 71.47 '., ':'.. 4/30/57 I't·n;i,)11 1,:13-ilivntStratton, Ch,ti·lotto ...... 111.67 362 '/60 5/31/57 14-·m;i011 1,18·Illent
On motion by I\Irs. Light, seconded by Mr. Meierclierks, the recommendationof the committee was appi·oved and the warrants were ordered drawn bythe following roll-call vote:Ayes-Miss Scully, I\Irs. Light, Mrs. Johnson, Mr. Petrie, Air. Meierdierks,AIr. Whiston, Miss Taggart-7. Nays-None.
Order for Purchase of BondsThe Committee on Finance reported that it had examined the offerings ofsecurities described herein and recommended (1) that they be acquired atthe prices noted plus accrued interest, (2) that they be registered as toprincipal, (3) that the municipal bonds be accompanied by an approvinglegal opinion, and (4) that the executive secretary proceed with theirpurchase.
Amount DeHeription of Ilond,4 Date of I}Ide of- To(1':ar Vnlue) Nnme of Firm IMMue )Inturity Yield
Illinois Municipalities$100.000 Cook Co., Ill., School Dist =6,1 7/1/57 9/15/66-69, 76 4.05'IM
(Park Ridge) ·1% & 411;9 School bondsM. B. Vick & Co.
100,000 Cook Co., Ill.. School Dist. 51·1·1 2/1/57 1/1/77/74-77 .1.10%(Markham) 49 54,·hr)01 Site & Bld;r.
lienjoimin :ind Imm:100 , 000 Dul ':ige Co :.. Ill ., Vilintre of Wood 6/ 1 /:,1 1 / 1 / 70 - 75 .1 . 10 <,6
1-mle, ·1 1,1 12 G. 0. Sanitar>· >4·WelM. H. Vick & co.
Railroads100,000 13:iltimore & Ohio Rwy. C..0. . a, .r 12/1/52 12/1/64 4.8519
Equipment Trust Certillcat,•SSalomon Bros. & Hiltz.ler
100 , 000 Ches :, peake & Ohio R . i . 4 4 % 5 / 1 / 51 6 / 1 / GO ' 4 . 35 ' 2Encl I•,quipment Trust ('i·rtific:Ltes
Sulornon Bros. & ItutzlerInillistrial Corporciti(ms
100,000 Aluminuni Company of Anwric·:i 1/1/57 1/1/82 .1.20 r;
411% Sinking 1·'und I.),·),pritul·<·MSalomon 131·04. & 1-liatzier 0
100 , 000 Bothleheni Ster· l Col- 1 ) 01 ;ltion 2 % % 7 / 15 / 45 7 / 15/10 1 . 00 %Sinking Fund Debentures
Salomon 131·0:. & Hritzler100,000 Champion I·'npr·r & 1·'il,re Company 7/l5/56 7/15/Sl 1.0- rf
34.,; Del)('riture:Salomon }310:. & 1Izitzler
100,000 Proctor & (3:i1111)10 ('01,11):iiiy D/1/56 9/1/Sl 1.001:3 Nth Del),·titurey
Saloinon 141·09. & Hutzler100,000 TV<·stinghow.«: 1·:lectric & Mfg. Co. 12/15/51 12/15/81 4.054
3 /6 99. DebenturesSalomon Bros. & I-Iutzler
On motion by Mrs. Light, seconded by Mr. Petrie, the above describedsecurities were ordered purchased and the executive secretary was authorizedto proceed in accordance therewith, by the following roll-call vote:
Ayes-Miss Scully, Mr. Meierdierks, Mrs. Light, i\Irs. Johnsen, Mr. Potrio,Mr. Whiston, Miss Taggart-7. Nays-None.
June 21 201 1957
Purchase of Bonds ConfirmedIn accordance with the advice of Standard & Poor's Corporation, investmentcounsel, and in a mail vote prior to the date of this meeting, the Committeeon Finance reported that the following securities were al)proved on the yieldbasis noted plus accrued interest. The committee recommended that thepurchase of those securities be confirnied, that the bonds be registered inthe name of the Fund and that the municipal bonds be accompanied by anapproving legal opinion.
Amount 1,4•,4.·rilitic)11 ..f 114),adM I):ate .f I)nte of profl,nr Viclue) 1-:imr of 11'irm IM Mile MI f ilrity Yield
11!i,tois Municipalities5 14 , 000 Cook Co ., 711 ., S . D . = 1 ·17 ( IIan· ey - 0 / 1 /5; 12 / 1 / GS - 69 4 . 00 %
"WrHt) ·1 16 '9; S,·hool I;lclir.Channer 540('111·ities Co.
52 , 000 Cook Co ., Ill ., S . D . :51 ·17 ( I-Iarvey - G/1 /51 12 / 1 / 70 - 76 .1 . 000 :West) ·114% School 141(lg.
Channel· Socurities CO.100 , 000 Cook Co ., 111 ., >:. 11 . * 170 ( Chic : igo 5 / 1 /51 6 / 1 / 72 . 7 , 1 , 76 4 . 10 9
Heichts) ·11; ,$ School Bldg.MeD(,zig:11 & Condon
36,000 T.:ik,• en.. 111.. S.11. *73. ·114'I; 6/15/57 1/15/64-70 4.00.:School Bldg.
Harry .T. Trpils.17 & en.24,000 Lake Co.. Ill.. S.I}. *73, ·INS 6/15/57 1/15/66-67 4.ong
School Bldg·.Harry J. Wilson & Co.
Public Utilities150.000 .\nieric'an Trlet)11(,no & Telegraph Co. 4/1/57 4/1/S5 4.31°>
48&f; Del,enture:.Tuli,111 Collins & Co.
100.000 13(,st„11 F.clison Co. 4% r; First G/1/S 7 4.62';61//61Mol·tirage lionels, Series F
Sal<,mon 131·„4. P Hittzler ·i.... ..100 , 000 Cinrinnati Gas & ICIectrir Ca 5 / 1 / 57 5 / 1 / ST 4 n . r'
11:C; Fit·:.t Mortgago. IlonclsHalvey, Stuart & Co.
100,000 11'101·id:i Pinver & 1.ilrht ('n. 5/1/5, 5/1/87 1.50%4 %1 Fi i·:t Mort;r,ige 1;~,11(is
]Talse,v, Stlifil·t & Co.100,000 L:icle,le (-in: Company ·1 Ti. 0% 5/1/37 5/1/82 4.750;
First Mort,rage ItondsH:ilspy. Stuart & Co.
100,000 National Fuel Gns Co. 5 16% 6/1/57 6/1/57 5.10.:Sinking Fund Debontiti·,4
Central Th•mil,lip On.100,000 New Toi·1: State Eler'tric & Gas Corp. 5/1/57 5/1/ST 4.531-1
4 N.: First Mortgage nond:Blyth & Co.,Inc.
100,000 Now York Telephone Co, 41,6% 5/15/57 5/15/91 4.to %Rrfunding Mortgaire Bonds
Hol·nblower & Werks801(1111:in, Sachs & Co.
100,000 Northwesterti nell '1'elephone Co. 5/1/57 5/1/89 4.31%4 3,60; Delienturrob
First Boston Co/.1~.100 , 0 00 Pr, t wn : ic· 1 ·: di ., rin Co . ·191 r, 5 First .'/ 1 / Ji 1 . 7 Or :5/1/57
Mel·tgagr anti C,}11:tteral Trust 1;<,ticlsFirst 1303.ton Col·I,·
Railroads100 , 000 Chicago , Burlingtori & Quin , 7- 1 '. I '. 3 / 1 /37 9 / 1 / 64 4 . 1~0 %
381% Equipment Tnist CertificatesS:110]non T-tros. & TIutzler1(10,000 Cincinnati. New Orleans & Texas 2/1/57 S/1/63 .1.001Pacific R.R. 38.1 4 ]Crmipm'mt
Ti·zist CortificateMStilonion 111·„s. & 1-lictzler
100.000 Illinois Central R.R. ·112; Ectilip- 5/1/57 11/1/64 4.10/5ment Trust Critincate.Salomon Bro.:. & IIittzler
J„„. 31 202 19:;
Amount Deveription of nond,; Diale of Dnte of To(1':Ir 1-niue) Name of Firm IMMUe M ziturity Yield
Itailroads (continued)1*)0.000 Norf„lk & W,·stern I:wy. 3 1,69 S/1/62 ·1.00',;Equipment 'ri·u>:t ('(·I·lificates
H:ilonion 1:1·,is. & Hilt71,·1100 , 000 Norfrilk & 1%' cistern Hw >·. ·PA '; Equil ,- 6/ 1 iLl 6 / 1 / 66 - 67 4 . 3016
ment Trust C,·1·tilk·:il„, ,<,·ri,·>4 1.;Hal:ey Stll:ll·t tf Co.
100,000 Spok:im·, Portl:ind & 54,·attl,· 1.w>·. Co. 4/1/57 10/1/61 1.10 ',9.,5'2 }Cquipment- 77·113;t Ci·t·tiht·ati·s
S:ilomon 111·us. & 111;tzler
Industrial Corporations200,000 -lilied Ch,·inical & I),·i· ('in-1,- el:'; 1/1/53 .1/1/78 1.OK,6
I_h·bent un·>;S.ilonion 1:1·(,s. & IIntzl,·r .
200,000 Gt·m•I-:11 Elt·(·trie Co. .; 6'., 5 / 1 / 56 :/1 /16 . 1 . 12 '~6 'Di·hentur·,·>4S:ilomon 1;1·i,>4. .0 ihitzler
100,000 MinneapoliN-lic,neyw,·11 11,·gulator 8/1/56 S/1/76 4.00%Co. 3·;:'; 1.~~·lii·ntul·,·s
H:domon ];1·„H. & Ihitz.14·r100,000 St.ind:tril (,il ('0. ((.,lii.) ·11,v,; 1/1/52 4.19%1/1/57
1)11)*·rltill (·MS:il„nion Kn,s. k Hutz],·1
100.()00 U. 54. >4,·el Cr,1·1,. 2.55'; S,·rial 8/1/51 S/1/4,1 1.00''1-,el,·litures
S,ilomon Ii·i,x. & II,Itz|,·r100.0~)0 U. S. Ht,·,·1 ('01·1). 216'; 1),·1),·Fitures S/1/51 3/1/GO 1.00.5
54:ilonion Ews. & Hutzler
On motion by 1\Irs. Light, seconded by )Ir. Petrie, the above transactionswere approved and confirmed by the following roll-call vote:Ayes-Miss Scully, Mrs. Light, JIrs. Johnsen, Mr. Meierdierks, Mr. Petrie,Mr. Whiston, Miss Taggart-7. Nays-None.
Purchase or Sale of U. S. Treasury Bills or Noteshi order that the Funcl may realize income on moneys received during anyperiocl between meetings of the Board of Trustoes, 01· moneys Ket aside foreun·ent pension payrolls, the Committee oil Finance reconimended that short;term United States Treasury Certificates, Bill>; or Notes be purchased orsold from tinie to time as necessary, and that the President of the Boardof Trustees and the Executive Secretary be authorized to proceed in accord-ance therewith.On motion by 1\Irs. Light, seconded by 1\Ir. Petrie, the recommendation ofthe committee was approved by the following roll-call vote:Ayes-Miss Scully, Mrs. Light, Mrs. Johnson, Mi·. Meierclierks, AIr. Petrie,Mi·. Whiston, Miss Taggart-7. Nays-None.
Audit for Fiscal Year Ending August 31, 1957On motion by Mrs. Light, seconded by Mrs. Johnson, the Board authorizedthe firm of Peat, Marwick, Mitcholl & Company, certified pul,lie accountants,to make an audit of the accounts and records of the Fund for the fiscalyear ending August 31, 1957, by the following roll-call vote:Ayes-Miss Scully, Mr. Meierdierks, Mrs. Light, Mrs. Johnson, Mr. Petrie,Mr. Whiston, Miss Taggart,-7. Nays-None.
11/ne 2 1 20.3 1957
REPORT OF COMMITTEE ON ANNUITIESAND CREDENTIALS
Pensions
The committee reported that applications for pensions were presented forpersons, hereinafter listed, with the recommendation that the pensions beapproved and granted in the amounts and under the conditions set forth here-with. In the case of each applicant for service or disability retirement pension,the employment of the teacher had terminated officially, the legally prescribedmininium years of teaching service were completed, and requirements withrespect to age (if applicable) were fulfilled. Each applicant for disabilitypension was declared by three competent physicians to be suffering from adisability which wholly and presumably permanently incapacitates him forteaching. The applicants for widows' pensions furnished proper evidence of
' their rights to receive such pensions.
114·111/,«.r'M ><e]14,4,1 Mer,·ice TB .1 1111'1:liIr Y r M. 1) rite lien+ i on
NO. Nuine ur 'I'r:whei· 11111,her'. Stnt,1% ~1(,M. Dn).M Froin 1 tiate
Optional Serrici, Retirement 1.en : ions
i:;32 Atwater, Helen]C.......\11:tin I·Iigh...... 31-7- 0 4/11/57 32,71 1.6 1;%81 It:ic·„n, X<,bia A. M. .... ihirk.· ............30-4- 11 12/ 8/56 2,·189.0.1
'I.I - 0Cook, Le>dip ...........·lu:tin 1·Ii<h .......··,-, /1 -4,/0,1 2 89.88Craven,Inez M. ....... Park,·1· I.1,·212. ...... 36-2- 0 4/23/57 2,S:/7.·101,„clgi·, Juita Anna .... 1,indl,lom l-ligh.... 33-6- w 5/14/57 2,·15:u;·11·'lemin?r. 4;1.1(1>·s E. ....Corken- ...........·10-X- 0 5/2,*/57 ;"5::fl.16
:276 Gil)son, David JV. ..... ir,·liger High ...... 3·1-3- 11) 4/2:1/57 2 97.1.1;S13:;i; (;1,·,Ison, Irem· IC. ......(;1',·ir„t·>· ....... ·.. ·11-·1- 10 12/22/56 :,517.1)8
(-;r:lhani, Estlier S......1':,strur ........... _21 - 1,- " 4/12/57 1,872.1161<,·111)ecly, C:illirrine M.. Montiftore ........ 12-.,- 0 1/ 6/37 L 65.1.4(,I,ieberson, Evelyn A...Ericsson .......... :·,6-7- 0 2/ 1~57 :1,160.46
011) Ludwig. Ch,nerieve IV.. 14·1·>40nnel Del)t. ...·11-%- 10 5/1G/:,1 :;,559.56i:,11 A1:zic,11,1,11,1,HO......1):211,·. ............2'1-2- 0 :2/29/57 2,53:;.",2
11,·C'n·cl ie, 1':st her L. ... 1:,)0:evelt 1 hr.-h.... 37- 1 --0 6/ 1/57Mc·Ifirdic·. 14:zb,·llc J. .. 1,;n:zer High..... 25-2- 0 4/27/67 1.·105./K
!:14·1 Ymphy, rel·a .........Schley ............ 11-G-(10 6/1315 0'1)onnell. A Knp: M.... St,·wart ...........·11 -6-10 10/1 2/51; i:.1111. 8 K)346 Packer, MIMIed T. .... 11:iii·ixon High .... 211-3-M) 5/15/67 1.,;r, 1.Axi:1.17 1:„I,ri·t. 31:iliel ........11,·clues ............13-1-11) .1/27/AT 3,715.9213.1% Whel:ill, (11:11/ H. .... A-1111 High ........3%-3-10 4/27/37 1.31 !1.20
7,hner, Clarton L. .... Hyde l'ark 1Ii;rh .. 24-0-00 2/26/57 2,527.54
P .Comprilsory Serrice Retirenwitt '. fl 8,0 71 S
T4:;50 Amlerson, C'nia ]C. ..... r)118:11)le High .....46-7-01 6/ 1/57 :6,00.449351 Harney, 71:li·ian V. .. Tti·nwn ............ 15-:4-17 4/27/57 2.S(;S.XO*74*5 Birk, Ad:, S. .......... Volta ............. 3'.1-0-00 :&/20/57 3.321.36*
K,·lly, 1·,11,1 M. . . . . . . . . 1 '11 illips Hitch . ..... 16-K-ni 2/1 *,/57 ;.S:,1.46*435:; I.:tw, Ber·nice ......... 3-:110 .....'......... 10-7-00 4/27/57 3.61:i.·IS435.1 12,·nherl, Hattip A..... Sitlititute . ......211-5-00 1/ 1/57 I.ITT.,6• Emci·ihix f ,·< whn· 1 ,· tin 'd <13 / Cr r, 1 ' 11~111 „um ¢'111 ,in (1 f , „· 1 „, 1 , 1 ,!# hn : i .:.
/)is,il,ilit)·R,·tiri·,11,•itt /'i·:ixi,irts
T)-·165 Denni:011, John J. ..... (il·:iham ....... 22-7-i,1) 4/11/57 1.71 7.20!)-166 Mbey, 1101·othy 11. .... 191·r:rnt ... ..... 12-7-~111 6/21/5 4 1; 11:;.36
iliclinri' Pi,n:i„,ls12!15.014/21/67
(Widint· i, f i;,111)h ('. (;imfir, tril,·11(')· )WT-CS I'nwers, l'hylli: T,. ....... .. ........ 17-0;-00 2/ 3/67 400.·14
(ifid„11· of Chi':drr R. 1,„ti~~'1-N, ti'u,·11,·r)
June 21 204 1937
Pensions ( C (, liti ,11 : C , I )
Summary M Pensions GrantrdC,litional fi·T·vil·,· 1···til·(·Illi·!lt 1)'·11>·i,)13::......21Fumbl.m·>· servi(·e I···til·,nl,·nt 1„·11:il,11:... G1)1:,i!)ility retil·,·m,·nt ]),_·in:i(ins ... ........ 2Wiciows In_'11:ionv .......... ............. 2
On motion by Mrs. Johnsen, seconded by Mr. Petrie, the recommendationof the committee was approved and the service 1·etii·onient, disability retire-ment and widows' pensions, listed above, were granted by the followingroll-call vote:
Ayes-Miss Scully, I\Irs. Light, Mrs. Johnson, Mr. Meierdierks, i\Ir. Petrie,1Ir. Whiston, Miss Taggart-7. Nays-None.
Appointment of Physicians
Applications for disability pensions were submitted with the recommendationthat physicians be appointed for the examination of the applicants.
On motion by Mrs. Johnsen, seconded by I\Irs. Light, the appointment of thephysicians, listed below, was authorized.
William Fitzgerald, M.D., 5158 W. Madison St., ChicagoVirginia Tarlow, M.D., 670 N. Michigan Ave., ChicagoCharles B. Congdon, M.D., 6 N. Michigan Ave., Chicago
To examine: Ruth M. Dennison, King School
Carl A. Johnson, M.D., 104 So. Michigan Ave., ChicagoFrederick Poppe, M.D., Coral Gables, FloridaWalter W. Sackett, Jr., M.D., Miami, Florida
To examine: Catherine C. Ek, South Shore High School
W. J. Steinberg, M.D., 20 E. Jackson Blvd., ChicagoA. S. Geraci, 5679 W. Madison St., ChicagoEdwin S. Sinaiko, 104 S. Michigan Ave., Chicago
To examine: June B. IIenriksen, Columbus School
Change in Effective Date of PensionThe Committee on Annuitios and Creclentizils presented n report from theBoard of Education regarding a change in the date of resignation forIola Hankey. On March 13, 1957, the Board of Education approved herresignation as of February 28, 1957, but on May 22, 1957 the effective dateof her resignation was changed to November 27, 1956.
Since the trustees granted a pension to Miss Hankey at their April 22,1957 meeting, it is necessary to make certain revisions which reflect theaction of the Board of Education in the matter of her resignation date.
/ June 21 205 1957
Change in Effective Date of Pension ( continued )
Accordingly, the committee recommended (1) that the records of the Fundbe corrected to show the now retirement date, (2) that Miss Hankey's dis-ability pension be made effective as of November 28, 1956 instead of February28, 1957 and (3) that an adjustment in pension payments be authorized.
On motion by Mrs. Johnson, seconded by Mrs. Light, the recommendation ofthe committee was approved and the above-described cliange in clate of pensionwas duly authorized by the following roll-call vote:
Ayes-Miss Scully, Mrs. Light, Mrs. Johnson, Mr. Meierdierks. Mr. Petrie,Mr, Whiston, Miss Taggart-7. Nays-None.
Outside Time and Military ServiceThe Committee on Annuities and Credentials reported that affidavits, or otherevidence, attesting to or certifying (1) service in the public schools of theseveral states or in schools operated by or under the auspices of the UnitedStates outside of the City of Chicago; (2) time spent in the military serviceof the United States during the pension period; (3) service as a playgroundor recreational instructor for the City of Chicago or the Chicago ParkDistrict; and (4) employment by the Chicago Board of Education as aschool clerk are hereby presented for the persons hereinafter listed withthe recommendation tlmt they be approved ; provided that in the case ofoutside tenching service no more than 10 years be credited and also thatthe last three-fifths of the term of service for which an annuity is grantedshall be in the public schools of the city.
Service Ner.·ice CreditqNume „1' „4.,nher 4,·h„„I (1)eMeritition) (Yrm. 11,)M. 1):13·M)
Traching St,rrici. in Ihil,lic Schools or Under Auspices of the U.S.Hernst,·in. 1\lot·ton .......... Sprv ................. Teaching .........,.. 0-6-OlD
Willitii·,r. I·'aith E. ......... Kelly High ........... Te:whing . 3-0-00M~·Creclie. l•;Sther L. ....,... 1.(,n:.rvelt IIigh ...... Te:whitig 1-0-00Sc:hlentz, P:li·z· 11. ...... .. Substittite ........... Te:1(·hing 0-5-00
Military Serrice of the United Statesnodgei·. 11-nald S. ........ Ir:ir·rison -iligh ....... 1\!ilitary . 1-5-15Wenz,·1, Guni·go Bur. Health Service .. Military ... 2-0-00
Employment hi Other Chicago Gorernmental UnitsHeinric·11, E:th,·r L. ...... Se'liiiliert ............. School Clerk .... 3.0-no11(Kilinix. Willinni .L ......, M,i>:on ]'lgil. ......,., 1'1:lj·Ki·nund Instr 6-2-01111,1,·:iliz·, ('rithel·im· F. ., .... (':,1111,1,·t lli;rh .. >:,·hool ('lei·k ...... 1-6-03Nalker, Margaret F. ..... 'INift Iligh .....,...... k- H:iIinnal 1nxtr. O-S-09
3-3-15Wiliti.,4 Edith K........... Hitch .. ......S, hoc)1 Ch·1·1, 1-"-15On motion by Mrs. Johnsen, seconded hy Mrs. I.ight, the outside time anclmilitary service for the persons listed were approved by the followingroll-call vote :
Ayes-Miss Scully, Mrs. Light, Mrs. Johnson, Mr. Meiordierks, Mr. Petrie,Mr. Whiston, Miss Taggart-7. Nays-None.
June 21 206 1957
REPORT OF COMMITTEE ON PENSION LAW AND RULES
Disposition of Election MaterialThe Committee on Pension Law and Rules reported that ballots and materialsused iii the 1956 election of trustees wei·e carefully preserved for more thansix months, that they wore no longer of use for any future election and thatthey were not required as evidence for proceedings in any court. Therefore,the committee recommended that they be destroyed.
On motion by Mr. Petrie, seconded by I\Irs. Johnsen, the recommendationof this committee was approved, the election materials were ordered clestroyedand the report of the committee was ordered printed iii the proceedings ofthis meeting.
MISCELLANEOUS BUSINESS
Appointment of AttorneysOn motion by Miss Taggart, seconcled by Mr. Petrie, the firm of Kirkland,Fleming, Green, Mal·tin & Ellis was reappointed as attorneys for the Boardof Trustees for one year beginning on the date of this meeting and underan arrangement that the fees for their services shall be presented and paidquarterly. This motion was approved by the following roll-call vote:
Ayes-Miss Scully, 1\Irs. Light, Mrs. Johnson, Mi: Petrie, AIr. Meierdierks,Mr. Whiston, Miss Taggart-7. Nays-None.
ADJOURNMENT
On motion by Mrs. Light, seconded by Mr. Petrie, the meeting adjournedto meet at the call of the Secretary.
M©&4 3.»3~ CIrRecording Secretary.
B August 7 20; 1957
REPORT OF THE PROCEEDINGS
| OF THE
Board of Trustees
OF THE
Public School Teachers' Pension andRetirement Fund of Chicago
Adjourned Meeting-Official Report
Wednesday, August 7, 1957
An adjourned meeting of the Board ROLL CALL| of Trustees of the Public School
Teachers' Pension and Retirement Present: Miss Scully, Mrs. Light,
Mrs. Johnsen, Mr. Aleierclierks, Mr.Fund of Chicago was held Wednesday, Petrie, Miss Taggart-6.August 7, 1957.
Absent: Mr. Whiston, lit'. Pasnick,The President, Miss Scully, called the Mr, Marshall-3. (Mr. Whistolis ab-meeting to order at 4:00 P.M. sence was due to illness and AIr.
Pasnick's absence was due to unex-pected business.)
August 7 203 1957
REPORT OF COMMITTEE ON FINANCE
Sale of PropertyThe Committee on Finance presented the following resolution approving thesale of the Fund's interest in property which was received as part of abequest by Lavinia Ritter:
WHEREAS, PUBLIC SCHOOL TEACHERS' PENSION AND RETIREMENT FUND OFCHICAGO is one of the devisees under the Last Will and Testament ofLavinia Ritter, deceased; andWHEREAS, at the time of her death, Lavinia Ritter owned a parcel of realestate in Waukegan, Lake County, Illinois, the ownership of which saidparcel was not ascertained until after the estate of Lavinia Ritter, de-ceased, had been closed; andWIIEREAS, PUBLIC SCHOOL TEACHERS' PENSION AND RETIREMENT FUND OFCHICAGO is the owner of a five-nintlis share of three-fourths of the title,i . e „ 41 % ,/0 Of said parcel of real estate ; andWHEREAS, Lake County Modern Home Builders, Inc., has offered to pur-chase said lot for the sum of Thirty-six Hundred Dollars ($3600.00) ; andWHEREAS, the amount required to pay and clear up the general taxes, spe-
cial assessments and closing fees will aggregate $1,533.25, leaving anequity in the owners of said lot of the sum of $2,066.75, less the sum of$100.00 to be paid to John M. lIcQueen, attorney for the estate of LaviniaRitter, deceased; andWHEREAS, it is in the best interests of PUBLIC SCHOOL TEACIIERS' PENSIONAND RETIREMENT FUND oF CHICAGO that said offer be accepted.
NOW, THEREFORE, BE IT RESOLVED, that the oft'el· of Lai:e County ModernHome Builders, Inc., to purchase the title to Lot 18 in Block 19 ofMarquette Highlands' Second Subdivision in the City of Waukegan, in theNorth West quarter of the South West quarter of Section 9, Township 45North, Range 12 East of the Third Principal Meridian, in Lake County,Illinois, in accordance with the foregoing terms, be and it is herebyaccepted.BE IT FURTHER REsoLVED, that the action of Susan Scully, President, andEvelyn Sholund, Executive Secretary, in executing and delivering thequit claim deed of PUBLIC SCHOOL TEACIIERS' PENSION AND RETIREMENT
FUND OF CHICAGO, dated July 26, 1957, conveying the interest of said
grantor to said purchaser, be and it iM hereby 1·atified, approved and con-iii·med.FURTHER RESOLVED, that Susan Scully, President, and Evelyn Sholund,Executive Secretary, are further authorized to execute such other andfurther documents as may be necessary to carry out the foregoing reso-lution.
On motion by i\Irs. Light, seconded by Mr. Meicardierks, the foregoing resolu-tion was approved by the following roll-call vote: Ayes-Miss Scully,Mi·s. Light, Mrs. Johnsen, i\Ir. Meierdierks, Mr. Peti·ie, Miss Taggart-6.Nays-None.
August 7 209 1957
ADJOURNMENTOn motion by Mr. Petrie, seconded by Mrs. Johnson, the meeting adjournedto meet at the call of the Secretary.
BS.Blfrr| Recording Secretary.
Scrteinher 20 211 195;
REPORT OF THE PROCEEDINGS
OF THE
Board of Trustees
OF THE
Public School Teachers' Pension andRetirement Fund of Chica00
Regular Meeting-Official Report
Friday, September 20, 1957
A regular meeting of the Board of Trustees of the Public School Teachers'pension and Retirement Fund of Chicago was held Friclay, September 20, 1957.
The President, Miss Scully, called the meeting to order at 2:00 P,M.
ROLL CALLPresent: Miss Scully, Mrs. Light, Mrs. Johnson, Mr. Meierclierks, Mr. Petrie,Mr. Whiston, Miss Taggart-7.Absent: Mr. Marshall, Mr. Pasnick-2. (Mr. Pasniek's absence was clue tothe necessity of being out of Chicago on business.)
APPROVAL OF MINUTESOn motion by Miss Taggart, seconded by Mr. Meierdierks, the minutes of theregular meeting of June 21, 1957 and adjourned meeting of August 7, 1957were approved as printed.
1 .
Septembcr 20 212 1957
REPORT OF FINANCIAL SECRETARY
Financial Statement
May 1, 1957 through August 31, 1957
IN¥ESTMENT ACCOUNT
In¥emtmentpi, May 1, 1057 nt Par Value(a) Bonds of the United States and of
the State of Illinois and it. subdivisions.. ..$28,738,747.54(b) Corporate bondg ..... .. ... ............, . 4,740,000,00(c) Chicago Board of Education 6%
tax anticipation warrants 100.00
Total $:{3,478,S·17.54
Add:Total invested ·1,996,000.00
38,474,847.54
Deduct:Bonds inatured 150,000.00
In,-emtment,4. Aligu#*t 31, 1957 at Par 1-niue(a) Bonds of the United States and of
the State of Illinois and its subdivisions.... 29,631,7.17.54(b) Corporate bonds .............,......... 8,690,000,00(c) Chicago Board of Education 6%
tax anticipation warr·:ints .............. 100.007-(,·r.ir, INVE.STMI.NTS, .ir.(;1 ST 31, 1057. $38,324,547.51
[El'.C 1:11"1'0 .VU) I)IKIEURNEMENT>4
Cn,ih lIallance, Mn}· 1, 1957Cash-Cit>· TI·,·:,sur,·1 194,422.48Cash--Continiont izind 4,499.35 19 S,921.83
RICCEIPTS
Inve,;tment IncomeInterest coupons presented for I,a-J·tii<:nt. .... 421,860.22Interest income on temporary investments... 17,28.1.01
Tnx Collection,1 Remitted to the FundLevy for 1951 and prior.. 5.197.40Levy for 1952........... 5,342.18Levy for 1.953............ 8,625.62Levy for 1954............ 47,119.95T . evy f €) r 1955 49 . 59Levy for 1'56............ 5,231,007.60 5,297,642.34
Contribution,; 1,3· 1':artlelpant,4 C Mninry DedititiOnM)liegular teachers .................... 1,283,111.86Substitute teachers .......................... 116,721.0001!ice einployees ... .. ................. 1,03!1.3,5 1,400,872.24
C:u¢h I'nyment,4 to Fund by I'nrileiptiniM00 For Chicago tenchillir Kervice............... 146,17-1.61(1)) For (,ther Chic:iAn service :ind outside time... 14.550.13(c) For interest ......... ................... t;,017.57 166,742.31
nond,i Red«·rined n¢ 1'::r v:thir. 150,000.00
1-· 54. 'rren.11:-1 1:i]14 ]E,·clc·(·raic•,1 fit C-+I · 2,879,0 69.67
September 20 213 1957
REPORT OF FINANCIAL SECRETARY
Financial Statement ( cuntinited )
,1 i M .·e | 1 111, 4'{,UN
13*·cittest from L:trinia Killer........ ............$ X19.·171-m·l:li/11,·,1 chi·ck: (·.inc·,·1101.. ........... .1.807..;:;0111:tandilur checks cancelled .12,·imburs,·nwitt fu,]· 11]lt·,lint,(1 1,<·Ilsion li:i>!!lent:;. ... 12.00Refund of IMMU·e premium....... ............ 8.5,i $ G. 1 1 9. ·11
'an.\1. w:ct:11··1·>4 y.,1 1. 11157 ·1·111:i,t,nt .il'IN·>4·r ::1. 11)57. 10.:13:).81/0.2:;
'1/1'./1. 1,1:Cl:11'1'>4 ./Nl, 111:/,INNING 1:.11..//4'1: $ 10. 5 :; S, S 12.()11
' 1)14 li l 1( 41.111 C X '1'>4
Ilefill,(IM of Mcitilier,4' ('(ilitril,11(i,rn,4. Iltic. t„
fa) Rf.Mignatic,11 of tearhers ...... .. ·18.270.211(b) ('11:111:res in 1·.ttes of- 4·(,Ati·ihilt,„11.. (;is.I;:'
21(}.60Ce) Her\'it·e in exces: 01 -15 years..................(d) 11,·tivement of inalt· tunchers not entilled to
widon·'s atintlity ............... :,05.7(I -15,·175.12
14•11Mion und 11(·]arlit 1'1, 3·~ilent,4
Service retirt·mi·nt ...... .$2.*'·ti;,xi;/1.225LW+.57DiHit bitity
i(lows ..... .. ... 14,0·/S.,9Reversional·y ..... ·· 4,025.2:i
2.717,570.61
1)e(luet:Blne' ('1·c,SS-14111; Shield pre-111|111115; witli}}t,ld .. ...... c,7.271.01
2,650,299.GO
Add:13111,· Ci·oss-lilue Shield 1,1,·-iniwills Pal(1 67,3·11.44) 2.717.6,11.(fi
Refunds of contributions........ ::7.207.:12Single- Hum 1)*'liefitz{ on dent-11 in M·in-ter 1 6.(1(),).(111Single-sum benefits ($500) on death
I of pen:ioner. 2.5 0".M 55.7()7.:;2 2,773.:,·ts.32
*dmital,triative 1.ipen,e(a) Omee salnric·:-:
X,·t S:ilaric.,4 1):lid.........··.-. 2.1.175.·11;Bauil,ution,4 for I)(·11>41„11:.. ...... 1./1. 1/1. txIllile CroSS-Blue Hhitild premill:11:41%·ithhi,1(1 362.*,1Income tax withheld 5,0.1 8.10 ZO.!}25.59
(1)) Profeisional servict·4:Actuarial-:\..1. Tri,inhel·K(1/1/57-6/30/57) ..·0 500.00Leg'at-Kirkl,irid, 121(,ining·,(h·pen, Martin & Ellis
1,26().(10tiond advi.(,1.y-St:ind:„·d & Poi'i:701'1)· (6/10/57-6/10/50 '1,000.00
' 50.00 7,Sri".00Medical ..........................
4,·) 12*nt-,1 1110!iths 1.746.40((1) ]Clc,(·ti·icity .. 115.0,1(i·) Trlrphon,· ..... 1,13.07
September 20 214 193 7
REPORT OF FINANCIAL SECRETARY
Financial Statement ( continued )
(f) Tabulating service:Teachers' contribution credits1,>- 13. of E. .......................8 1.941.69Actuarial statistics andinsurance reports............. 353.40Pension pavroll .................. 846.50Onice administration . 73.30 $ 3,214.89
(g) Oflice supplies 235.·11(h) Printing:
O flice forms and gui,t,lies. 379.85Proceedings .. 402.00Annual report 3,631.27Bulletins ..... 721.35 5,13.1.47
(i) Postage ................................... 827.85(j) Co:t of bond :ind interest collection. 30.·to
(k) Employer's share of ofilce employees'Blzie Cross premiums .................... 54.00
(1) Membership dues and omcial publications. 44.00(m) Reiinbursement of TrUStees for expenses
ineurred by attend:lice nt Board nieetings. . - 540.00(n) Legislative expenses ...................... 6·,9.50(o) Convention expenses (1)elegates to JIFOA,
Nat'l Conference on Public Employees Re-tirement Systems and the NEA).............. 611).37
(p) Trustees' conference expense. 52.10((1) Miscellaneous expenises ................. 65.76 $ 52,247.1.
Te,111}oritry Ins eMiment,6U. S. Treasury Hills ,)iii"Ch:,sed nt cost. 2.677,S 17.00
Long Term Invedmcint,4Bonds purchased (par value). 4,996,000.00Premium paid ............... 25,825.48
5,021,825.48Less discount 115,431.73
Purchase price . 4,906,393.75Accrued interest paid...... 32,729.77 4,939,12:1..,-
Mi~cellaneotivUnclaimed checks replaced.. 350.03
-
TOTAL I)ISBUIESI.111.NTS, 31.11' 1 'rlil¢OUGH JUGUST ,;1, 1,<)57. 10,·192,391.-1 ;-
Cnd, MI:]nia«•r, Aug,1Mt SL 11)57Cash-City Treasurer .... 42,900.08Cavh-Contingent fund .... 3,520.56 $ 16,420.63
Respectfully submitted,
GEORGE 0. MEIERDIEILKS,Financial Secretary.
September 20 215 1957
Tax Levy for 1958
,September 20, 1957
Robert Sargent Shriver, Jr., PresidentBoard of Education228 North LaSalle StreetChicago 1, Illinois
Dear Mr. Shriver:
This will serve to remind and notify you that Section 34-64 of the SchoolCode requires the Board of Education to demand and direct the City Councilof the City of Chicago to levy for the year 1958 a tax at a rate which. whenextended, will produce the sum of $9,568,000 for the Public School Teachers'pension and Retirement Fund of Chicago.
Yours very truly,
Evelyn SholundExecutive Secretary
On motion by Mr. Meierdierks, seconded by Miss Taggart, the four-month, statement of the Financial Secretary for the period from May 1, 1957 through
August 31, 1957 and the letter to Mr. Shriver regarding the 1958 tax levywere approved and ordered printed in the proceedings of this meeting.
F~,
September 20 216 1957
REPORT OF COMMITTEE ON FINANCEReimbursement of Contingent Account
The Committee on Finance reported that receipted bills, cancelled checks, bankstatements, and other supporting documents covering expenditures for thepei·iod from June 20, 1957 thi·ough September 18, 1957, inclusive, and totaling$1,527.72 were audited.The committee found that expenditures had been made properly and recom-mencled that this account be reimbursed in the aforesaid amount.
BillsThe following bills were presented with the recommendation that they beapproved and paid.
AddreMN„grnph-Mititigrapli C'„ri„imtion:9/ 5/57 54,·I'Vic·(· on ;trlfil'e..ograph............... .$ 8.254/10/57 Supplies frit· .iddressograph.. .......... 7.66 $ 15.91
Utril-litihring C''h, Inc.:Papor cup hnhlpt·. ....... 3.50
At]:14 St,Itioner.:6/27/57 Oflice supplies 43.·10
--1 /.50/:) 1 Oflice slit)])lif·: 40.218/2,0/:57 Offlee Suppli(..4 ...... 43.91 127.55
lic):iril „f IC,hi«·ation (if the City (,f ('1]len;r„:8/23/57 I '1·9·1.11·.ition of t:Ilitilating I ;l !'(1: .howinw te:lchers'
Sal,iry (1(·ductions for ,·:tch 11:,irc,11 1,11·ind from220.:S
I'.. 10'. 11„;hin C (,5,1/,„„y:1,/14/57 Mimentri·:11'h supplies 9 ¢; 58/ 1/57 Mirm·ogr:i/)17 :uppli,·S . . 53.004/ 4/57 Mim /·ogial)11 slipplies .... 12.00 7.1.65
C'ut,(·:INc. Cortiorntion:S / 27 / 57 Supplies fijl· Cominxe Duplex m :whine . . 74 . 95
]Iny{•% ACiltiMtical Her,·for, Int•.:6/30/57 .1(:til:Ii·i,11 :t,iti:tirs and inSurance reports........ 550.10
tri l'e„Mifin D.'ly,·(,11 ch,·,11;:(,s in ,hrnr·, July and Auqu,vt. 193.208/31/57 Trac·hers' contrilitition (·1·4·(lit>; 1)-r Board ofFtin... ·175.50
()Iii,·i· admini>:tr:,tio:i ······················· 80.10 134.90
M :Irch:int Cia]Cul:,turM, Ine.%/21/57 Service (in /:11(·1/1,lt,)/- ... S. 50
Mnrv],fall-.1:1«·kNi,il (*,nni):11,3 :7/31/57 Steel filing cubinet.... ..... 1.,/;.5:)to 1 Set tabl)ed ;ruid,·s.. ........... 31.159/16/57 Steel filing cabinet.. .$ 68.00
Less 109, allowance. 6.80 61.20
L.ll,or f<,1- removing partit ions in files; ......... ·1.50Adjustable high desk ch:iii· base and easte:·M. 27.90 261.60
Mc'('„rnitrk :1 11(l II,•ildrrK„n. Inc.:6/10/57 Printed forms; and sNPT)Meg..............~...... 1.·101.32
t (, Al,ril i·,·port of Board of Truster·N' I)10(7;·dinKH.... 325.70l.'1/10/57 Printing and mailinK' Pensii,n bulletin.
78.21 lf;2.31
CuttinK :ind wrappitur ledger whof:ts. 20.00 2,212.36
September .20 217 1957
Bills (continued)Miarpity .t lIiller, Inc.
S/:11/67 York Stiork,·1 coolers.. 2,71)4.Ul)
1,itney-11(n,CM. Inc.:
5/ 3/67 Machim· inst),·(·tion 11/1/57 till·c,zigh S/31/iS.... 56.404/ 6/57 1'<,stage nirl,·r rental i)/1/57 through 11/:;0/57 ::G.Oll 92.·10
The St:111(]:Ird 12:KiNter ('cimirliny:3/30/57 i'rtisic,11 thl'i·lis 536.69
l'hy,41('111114:7/ !*/57 'r:u·14,w, vit·ginia, 11.IL, 1·,xain. 01' 1:lith 1\1. Dent,i>c)!1...... 25.009/ 1/37 ('„tigclon, ('11:lt·le: H„ 11.1)., 1·:x:tin. c,f Ruth JI. Detitiison.... 25.(H)6/23/57 1444„·, Frederick 1'., M.1)., Exam. of Catherine Ek........ 55.00>;/ 8/5,7 Sackett, Walter W. .Ir.. 11.1,.. i'.X:im. of Catherine ]Ck..... 18.001 / VE 1 ' 1 · ni , st , 1 ) ll : int · W„ 11 . 1 ).. 1 ·: X :, 11 ). lif Margaret MeGeothegan .. 10 . 00x/ 2/57 (;er:wi, A. >5.. 11.I}. Exam. of.hine B. 1-Ienriksen 15.00!1/20/67 Sinailro, l·:clu·in B., M.D,, Exam. of Julie 13. Henriksen....... 23.00
Klie<,i:11 Ser,·ler.:'1/18/67 Kirkl:nid, Fleming, Grern, Mal·tin & Ellis:
L,·gal service frum 6/18/57 to 9/18/57..... 1.250.00$9,054.3:1
On motion by AIrs. Light, seconded by Mr. Petrie, the foregoing reportsand recommendations of the committee were approved. Expenditures for thereimbursement of the contingent account and for the payment of bills wereauthorized and confirmed by the following roll-call vote:
Ayes-Miss Scully, Mrs. Light, 1\Irs. Johnsen, Mr. Meierdierks, Mr. Petrie,Mr. Whiston, Miss Taggart-7. Nays-None.
Refunds and Death BenefitsThe Committee on Finance reported that documents pertaining to claims forrefunds and death benefits for persons listed herewith were examined andverified. Applications for refunds a/c resignation were made by persons whoare no longer employed as teachers by the Board of Education. Applicationsfor refunds of contributions for wiclows' pensions were made by persons whowere not entitled to such benefits at the time of their respective retirements.Claims for refunds of contributions and for benefits payable on death of teach-ers and pensioners were determined after certifying dates of death and estab-lishing proper evidence for each beneficiary, administrator or executor. Thecommittee recommended, therefore, that refunds and death benefits be grantedfor persons listed herewith in the ainounts specified.
The committee reported further that other refunds to contributors, listedherein, were paid at the time reports on audits of such contributors' accountswere submitted. In each case, the refunds were due to changes in rates ofcontributions for creditable service or to other required adjustments in theapplication of automatic increases in rates of contributions by the Board ofEducation. It was recommended that the payment of these refunds be con.firmed and approved.Itc·furmiN n/e lirvignnlion „f l{(.irlilitrly EmliI(}yed ~te:111)4·r~:
Al)1·:im TI,nrv N. ..$ 1,OSS.42690.00Ander.on, K:lth:11·4·Il A. 952.25
September 20 218 1957
Refunds and Death Benefits (continued)
Refund,4 u/e Itedgnation of Regularly Empl{}Yed MunberM: (continit cd)Bachta, Lillian B. 1·13.00Butinema, Carole J. 210.00Ben>·ek, George F. ........··· .125.72Bunardi, 1•2:~therme M. .··················.. 502.60Br.idy, Ilit.L M. 310.60Br:Luweiler, Juan ....... . 360.6 SBrown, Grace M............·-········ 677.50Campbell, Mal·lelare ...... 120.40Cavicke, Virginia 86.00Clults, Lois 1,262.92Collins, John W. 1,818.43Crist, nose 11,11·ie 1,620.!10Cunningham, Florence 846.00Daffron, Mildred V.... :60.00Decker, June D. 523.501-)eutsch, Irene 430.10Ditton, Malrjorie A. H. 492.50Docimo, Louis R......... 1,242.32Duchossuis, 1<:ithleen 11. 706.25Duke, Jo-Lynti R. ......... 510.00Eikoos, Stanley P. 300.00Elliott. I~il;L lt. ........ ···-···················... 1 GO.00Eub:ink, Jeannine 254.60Feder, Claire It 701.28Feldmann, Mary I-Iunt 506.25-Fooden, Jack 7·19.00Forwalter, Lois A. 334.501·'reedman, Howard W. .. 1,152.38Garron, Jane C. 489.00Gladstein, Shirley 185.00Gondek, Lorraine D. . 1,1151.69Gorman, Mary Claire R. ..··········....... .... 120.00Goshen, Ella Mae ..... 627.58Grunberg, Mm cia ..... ....··············.. 228.00Harrington, Irene 3:13.50Hayman, Stasia V. ....·· ························ 954.71)1Ier,I·y, Eileen Donlon . 1,8.11.93.Hess, Cynthia ....................................Hocker, Barbara Jean .. 605.00J.imgochian, Rich:ird 300.00Johnson, Betty V. ......························· SKY.25Juries, Roma L. 997.20Jurgensen, Wayne .5500Katz, Noreen G. .......························-··· Sbs.isKennedy, Leo P 1,381.06Korstvedt, Rolf H. 611.36Krugler, Margaret G. 489.00Kurent, Dolores M. 893.00Lack, liyrna G. ........ ·························· 41)7.25Lasker, Dorothy J. 130.00Left,vich, Sylvia 50.00Lewbin, Joseph .... .................... 300.00Lewin, Sondra Lee. 240.00Loren, Franchia G. .. ... ······················ 165.00Lund, IC,inneth W. . 1,902.00Marder, Phylliv L.... 90.00Markw<:11, Elli!n Ann ........................... . 287.25Mashl, At:irg:Li-et M. ..... ....................... 1,118.90Miklinn, Shirley 71:le . ..· ···· 120.00Myers, Mary Sue 922.14Nelms, Olivia N..... ············· ········· 273.00Novak, Betty ............. .... .................. 61].36O'Neill, Audrey M. .,............... ... . ... 251.26Parker, Lila Ruth 412.50Paul, Marvin S. 1,119.26Paulus, John J. ...... ············ ............. 685.18Peterson, Pauline W. 498.26Pollack, Muriel V......··············-····-··~~· 159.10Proctor, Mabel V 1 217.68Quinn, Edward 1,752.0()Raitzik, Marlene .. 367.50Roiss, Dolores ....... ··· 750.00Rockwell, Marion ... 565.00Rotunno, Marilyn L.....·· ·············· 398.80Schumantl, II:irriet L. 597.Of)Schwaegler, Suzanne J. ...· ·········
September 20 21,1 1957
Refunds and Death Benefits (continued)
Reftin,IM rt/c lic*Imintion of Regill:trly IC,111~loyed Men,lierM: (,·outtiti,cd)
Scrogrgin, Beatrier 778.62Se:ir.:21. iIi,·11:wl 189.511spiro, .To:in G...... 867.00
SS2.50Ste:irs, Mai·Ar:irrt'1':Id,·lman. Tiymen ]L 9,19.-14Trul,itt, 71:ar·:r:iret E. 93.23
369.003 75.00
Trh:,1,·n, .Ic,lin J. .. 647.08\I-illis, Td:1 11. 1.. 922.14Trill:on. Mary K. 1,521.36
227.007.:! prl, AT:in' 1.Oil ...Zzilfir. .To:in F. 5 42.75 356,111,63
Ilrfund,4 11/e 4<*11:ir:,(i„n from Scri·ire of Scili,dit,iteor 'ren,linrnrily F.inployed 'I'rachern
Alevizo:. Connie 1, 2.00Haker, .Tane 176.2513:uis:21111, Tiolore, 13. 111.75Thip:um. 1-Tenry S. ... 292.56
193.11111111118, Clifton T,.13!·c,<1:, T.#,:211 T. 2,4.i.,1-hitler, Thith K. 200.25C:inrl, Joan 18.00Cal,1:111, Rol,prt:z li lof.06Clark. Allyne 292.56
78. 1.'Clark, Rnhert T.
234.00Deon, Rn:rmarv F 112.50Dillard, 1Cdw:ird F. 278.49linnolin, Mn rvh·n . 120.001Cllintt, Tr,.lina L. 21~d8A·proth. T-Turi·line J. ...'.,Gpistrnfeld. Ann 23.1.00II:a Nce, A. Ruth . . 234.00Knrr. Merry KIN'..... 2:11.00T::14:zyn.1.1. .TenT, M. 120.00Kenne, T.en„re T. ..... 1 63.50Knrn:irki. IVancla 23·1.00Ler, Betty .Te:in 84.00Lyons, William R. ...............········· 191.24Maguire. 1Cilern M. 234.00Matthews, Charles V. 120.00M<'Nallv, Tohn .T. 340.12Mic·11.nud. William M. 5 R.1 4Millor, Helen Hogg . 175.50Mitch:un, Clinton A 157.56Munnorke, June M. ...............········· 41.00Mvors, Norma 96.00
118.50Nelson. Rentrice D. .................· ....lia j·np, T.r'Hlir 292.56I'llilli!,4, Hrlrn R. 22.50P,·insh;re·. Mark 105.00
371.92Th,„nri·, Michael A.Si,nin. Edith V ........... 186.00'r,·n Borr, Harriet J. 292.56
AR.OnFren. Nornin 11 F..
142.56Vqi·wri·, Carl A. 222.75TV:11 (1 rori. Alice L.Tr'ller,1,.r. Florenrr J. 210.00
234.00TVittlinft. rVilli:un G.Ziltz, narbarn ........................... 108.00 8.276.TA
Refirn,IN (,f Contril),IlionN for 11'tdo,i·M' Pria,4|(In,4to I'rrM¢,n,4 Not F.tilitled to Such TlenefliM:
Bremr, John T. 332.00Burhri·, Stephen E. 332.00Masearin o. Mario 332.00Rrin.trin, Horman 303.50Wilbur, .Tamrs W. 332.00 1,621.5 0
September 20 220 !957
Refunds and Death Benefits c conti , litid )
RefundM of Acel:inulated C ontrilnition M on Death:Ikthardr Brenda C . ( 7.ark,!c j:. Retilarda, lic,irti,· i ,ir ,t ) .$ 5,-, 11,. tinItlyth , Rr , si · mary J . (Ii,·flinift Mm !; Bluth . bent'fici ,1 ,· 11 )I ),· nnision , Mal - Ir : 11 ·,· t M . ( 1 ranci...1 . Aciter . nilininixtrit Ni ,·) 1 .£ 0 ::.:51 ;Frisher. IT-ilforine (lfett,1 .1/. 1·'ri.gber/. 1,ruc·/1,·i,11·„) ..... ·1,01 4.:'KKeating , f . rn·: Lim · 54 . ( kirlinrit Imi ·nit Kint inq . hin ,·.liciari/) ..... I 3,125.00Kuphar , M : tric · k . ( M, n·11 L, nt Ki„ h , r. 1 „ 11 , 11 ,· inry ). 1 · 1 ". hx .
McICI„>·. .Tr,s,·ph T. C.lt„rimi·,·t .1/. .1/,·/: 1·i,1/ 1/ 11 11 Xi.t,·rMal· u Norberilette . R . V . M ., 1„'ilt · firiarit ·,0 2 . 942 . 50
Mooney, Viol,i H, /1/11/irtin 7'. .110„11<//. hi·ir) ........... 2,62:1.5,1Ragirio. Leanc, re M . / 7 'hom ,13 /·'14111 ( 11 /¢In an , 1 .7 ¢ 11 ) 1 (' R
Flan (: flan , benrflrinrirM ) .... ................ .. : 1 ,! 185 . 20 -Rits : ell , Ethel C . ( lfrlrit I·.'. Kepfirld . lir,irli ,· imt ,) .... 7,,'2 '14 . Ki,Ryan , Man- C . Ch ·,·,te 1 ) 00 ,! 16 lic"rneinill )····.. ...... 48 . nASense· man , " Marie A . ( Fi ·, 1 ,11. I 'crri ,Rhel:. . Irixic Trunl.,·1 ,
RoAr. 8(11<11,01·, Frank .1. Peroslick. and Afrx. Mi)ltv.Tohnen, liri,·H ) ./ I ::62.50Shaw, Dor-othy IC. //4,1 11. 5:/taw. 1,(ne#rim-1/) ....... ::,96·1,25Shea . John J . (· Frit ,Inc X . A ,· mRtrong . brnrflimm ) ... .· 577 . 56Soiret, M:trir H. (7·'..1,1,·,/1/,·A .9„iret../r., *·iti'/1,·innu) .... .1,6:19.00Swig . Hannah S. ( C; ithert /2 . Shri ,/. 1 „'ir )..............Twohry . Mari : in F . CG rite ,· E . 'i' ti·„he ,# iind lirlrn H .
Tirrilici ; . lir „;111 · in ,- irR ) 2 , 757 . 05 •Twomer·, Mildred E . (/·'/,i ,·r · n ,· 4 · 7 ,· 11 ('71,171 (·r . ft ,1111illitdra -
2.8*2.56. ts.019.S2*.·innuitant
Single Payinent nenent w, Dentlt „f 'rencherN:Bothards , Bron ,la C ( f.,i ('1 , ili · 1.:. Retlicir,1 ,4 und 12„11 , 1 , 2 , 1
E. Brtlinrds . lienrfirinricx ) 2. 500 . 00Blyth . P. ns , inary .T . (Vi , flinict Mili ·,/ Bli, th . brnrfiri ,11 · 1 /). 1 , 750 . 00Edwards , T ): izil G . C . 1 /,·g . (' inrl: r M , 3 - linia , I 'nul W .
Edli·(irdR and f'lic"-1,·R TV. 1·:illi·,11·,1,4, 1„m·firifirieR) ...... 0 son.00Frishry , Trilferinc ( Afrtin M . Fri. lir ! 1 . lir, it 'fl,· im· li )..... 2'. r, nn .nnK <· ating . T .( intin ,· S . ( Ri ,· 1141·,1 8 , 11 ·,·cft Krating . 1„ m·-
firictrl/) 2 . non . onMrl*voy . .Tos ,· ph '1 '. C . lfi , i ·,/ ni - rt lf . .lf ,·/:',· 0 ,/ und Xi // 47
Mm·?, Norlir,·drttr. R.V.Ar.. 1)(11(·11*·i,i,·irg).......... 2.Y,(M'k.0,6Mooney , Viola 13 . ('William '1 '. Minnrit. brir ) .......... 2 . 500 . noRair :rio , Leanni · e M . (Th innfIR 1·'1,171 ¢ 1 11, 1 71 ¢ 71 ,1 . 1 inni · x
Fln ,ing( In , licnrn, wrieR ) . 2 , 508 . 00Ru .q .gell . Ethel C . ( lirlrit E . 1( rpfirld . 1, rnrfl,· i ,n·!1 )... 2 . 500 . 007.yan , M : try C . f f"'nr Moodu . brnrfirinru ) ............ 2 , 5 (H'~ . CtnSen :, unrin , Mnric · A . C /' ranA· Pri ·rn,lirt . .Tosir '1 ' i 1 , 111:, 1 .
Ronc 801 fil.ro·, F,·colk .1 Pr rf, Rli rl, , c }1,1 .W 1 9 . M 0111 /·Tolingon. hri,·R) ............................ ..... 250.00
Shfa . .Inhn J . (.Trfrilitr S..\ rnp. frong . 7,<nrti ,· ift · 9 )...... 25n .('mSoirrt . Marie H . (/·'. . 7,1 ,·,/, ir'.9 5:„ iret . ./ r.. lic ,irm· in ,·!i ).... 2 . r,no. An 27 . 250 . 00
minu·!r Pnymenl nenrflt on Dc,11*h of 'I'('11(•ltrr l'er,41,)11(•rM:Clark. Etta G. (01}11 ir .r. O/,1,·1.·. lie,Ir'tic·icir.1/) ... ...... 500.onT: zirlinT·, Marie R . (·Tom , 1 , 1 , Eli ,· lifir. 1„ nrfirift ·!0 ..... . 500 , 000, k ,· rhy , 80111 ,711 S . ( flroili ' F . 0 ,·ki'-11 ? 1 . 7, 4 '. nrficir:·11 ) , . 500 . OfS : 117. 1 , Brg . litplier · en ( 1 ), 111,1 . 1 . K , il -brr,1 . lim ·11 ,· inn,). 500 . 0079<' oh ,· 3 ·, M :, ri :, n F . f (ira ,·,· J':. 7' 11 „ lic ·, 1 tin ,1 11 ,·14 ' 11 it .
500.08Twomey, Milili·,· it IC . ( Fior , Her Zihindnfr , hincH , i ,2111 ). 500 . 00 7 , 000 . 00
lic·fim,!w „f f'¢inlri|,1111(,11% f¢ir Arri |re ill |·her,44 of ·15 ¥4·:Ir,44 the Ami,unt :,„„Ii(·,11,!r :1. :rn OR'Met to 11,1 De,1(,[en«·. f(Ir4,·r,·14·4· Prior to .1/1/3- 11131:
1-:prnly.hpi trir,r, Ttrul:ih .. 71 6.·to0,1 plire, Trene M. 313.20c'lanry, Ph:irlotto A.,.. ·············· ·~-~·· '~~ 771.Of;Dr rieral,1, 1,;patriee IC. 360.noDrwle, TTFIr-irtta .........··· ········~'~' ~~~~- 42.20Fc,lilk, F:knehon T. ...... 257.40rloGY,il·c,, Cathr'T·ini. li. ··· 760.00Mulli:ran. Annn C....,.. -·· 1ST.201,(indel, Dorn 250.20Ititzinn, Peter B........,... ..... ..,..,....,., 360.An
September 20 221 1557
Refunds and Death Benefits 4 e ')ntintled )
Refund„ „f ('„11(rit,ttlic)],M fu,r Mer,·tee in Exet·hx „f ·15 Ye:irrIn the Amount .ilit,lic·zil,li' 213 :111 ()tr+rt ti, the Deticienry f„rSen ke l ' riur b , . hal .· 11 ): 11 : (,·(,)ltinuid )
Ily.in, 11,·1,·n M. . 226.:;07.0 0lb·i·holin, Violet ...... ......... ................
2,9.SoTufts, M:itie D. ... .............. 9.00 4,21.9.76
Itefundp, n/C :icijlt,tmentv in Itiatc·K or Cirntrilitati(init:
Bet·nst,·in, Morton . 2.00
1.7 11Kaberon, 1:ev'·1·1% ...... ......... .....MeMahon, Mar;fuel·ile A... .13.TOMoline, Man- L. ........... ........... ; S.5 0O'Neill, M:iry F. ..... ................... S.0,Rasinms,.lam· M. .................... ..... 7.00Tanercili, 1,01·raine 11. ..... .............. 10.00Thmnp>um, Lois Jean . . 41.tls
3.011Znfli·atos, Irene .... ......... 41.80 2:;5.9
$119,101.09
On motion by Mrs. Light, seconded hy Mr. Petrie, the foregoing reportsand recommendations of the committee were approved. Expenditures for thepayment of refunds and death benefits were authorized and confirmed foreach account show 11 above by the following roll-call vote:
Ayes-Miss Scully, Mrs. Light, 1\Irs. Johnson, Air. Meierdierks, Mr. Petrie,Mr, Whiston, Miss Taggart-7. Nays-None.
Refund of Contributions During Sabbatical Leave
The records of the Board of Education show that a resignation as of August20, 1957 was api)roved on September 11, 1957 for Saniuel Gogol of Kelvynpark High School. The date of resignation was effective after the expirationof a sabbatical leave of absence for the 1956/57 school year but before hisreturn to service. Section 4-36 of the Board of Education rules requires thatin the event the employee fails to return to service at the expiration of suchleave and to teach in the Chicago Public Schools for a period of at least two
' years thereafter, he shall refund all sums of money paid him by the Boardof Education during said sabbatical leave. In accordance therewith, theDirector of Teacher Payrolls of the Board of Education, Air. RaymondZolinski, certifie(1 that on September 3, 1957 Mr. Gogol paid to the Boardof Ecitic·ation the sum of $2,750.00. This includes $450.00 which was deductedfrom salary for pension purposes during the sabbatical year.Since the pension law authorizes credit only for sabbatical leaves duringwhich salaries are paid, the committee recommended that 1\Ir. Gogol berefun(led the pension contributions during the year in question in the sumof $450.00.On motion by Mrs. Light, seconded by Mr. Petrie, the recommendation of thecommittee was approved and the payment of the refund of contribu:.ionsduring sabbatical leave was authorized by the following roll-call vote:Ayes-Miss Scully, AIrs. Light, Mis. Johnsen, Mr. Meiordierks, Mr, Petrie,Mr. Whiston, Miss Taggart-7. Nays-None.
September 220 222 ,957
Duplicate WarrantsThe Committee on Finance reported that the persons named below requestedduplicate warrants in lieu of the following described checks which werereceived and lost. Aflidavits certifying these losses and in each case indemni-fying the Fund against any liability, damage or expense which may resultby reason of issuing such duplicate warrants were duly filed. Therefore, tilecommittee recommended that warrants be issued to the persons named belowin the amounts indicated.
Anme Amount )11]nher Dnte 1'1lrimMe.\nd,·I><on. Mamie F. ....$1::7.6.1 :5*!105 5/31/57 1'*•11:i./1 1):1/'Ill.IltFel<int:m, Charlotte .. 78.75 4852::f) 7/ 1/57 1:'·fi!11,1 "f <·i,11-
ti·il,itti<ins1»'man, Anna M. .... 1~5.51; , 1 b, 6 0 A/3 1/67 Penlion ]),13 Nk•!ltj 'ettut, 11,1111 JV. ... 127.27 567247 Pensi./1 pay"lent6/10/67I'(,11(,i·k. .·1nna I'. Sh.Ii:, 3572/q 4/30/67 IN·lision payment
On motion by Airs. Light, seconded by I\Ir. Petrie, the recommendation ofthe committee was approved and the warrants were ordel·ed drawn hy thefollowing roll-call vote:
Ayes-Miss Scully, I\Irs. Light, I\Irs. Johnson, AIr. Petrie, Mr. Meierdierks,Mi·. Whiston, Miss Taggart-7. Nays-None.
Purchase of Bonds ConfirmedIn accordance with the advice of Standard & Poor's Corporation, investmentcounsel, and in a mail vote prior to the date of this meeting, the Committeeon Finance reported that the following securities were approved on the yieldbasis noted plus accrued interest. The committee recommended that thepurchase of these securities be confirmed, that the bonds be registered inthe name of the Fund and that the municipal bonds be accompanied hy anapproving legal opinion.
Amount Deverilition of licalib* Ilute cif Diate of TO(Pur Vnlue) NI[me of Firm IMM,le ~Ii,litrit.i Yield
Illinois Municipalities$ 90,000 Cook Co., Ill., City of I.)es ]71:Lines 4/1/57 12/1/71-76 4.104,5
30,000 4 1,4 S Public Library Bldg. 12/1/73 4.05~:The X„1·thern Trust Co.
19,000 Cook Co„ Ill., Vill:ige of Stickney 7/1/57 1/1/71-72 .1 .10 <881,000 41; Streel lmI)rovenient 1/1/73-70 .1.15%
Mel-magal :ind Condol,200,000 ('ook Co., 111., Thm·lit(in '1'0,$'12~411ip 7/1/67 12/1/74-70 1.40F
H,S.D. #20,9, 41'Gr,; School. 8(,1 ir< 13A. C. All>·ti ,£11(1 Conil),irl; CHY11.)Robert Vic·k, MeN,iney & Co.
100,000 Cook Co., 111.. c .?(,nsolici:ited 1-I.S.D. #2:10 7/1/67 12/1/73-75 4.05',;,4#% & 4 11 % Hc·hoo] Bldg.
Scott & Kegli·y200,01)0 1-)11 Page Co., 111., (.'<11,1,111111ity 11.S.I). #88 S/1/57 10/1/75 4.26';5
4 M % School HondsHarris Trust und Savings Hank (Syn.)
Railro cids200,000 Chicago, Rock Tglancl :incl I':wific: R.R. 8/1/67 2/1/67- - 4.40:L
4%% Equipment Trust Curtificates, 8/1/70-72Series S
ICavtman Dillon, Union Sec·zirilies & ('i,.Salomon Brom. & Hutzler
September 20 1957
Amount DeMerilition of Ilond, Dnte of Date of To(I'nr Vnlue) Nnme „f I,irm IMMUe KInturity Yield
Railroads (continued)
100,000 l'itt:1,111·;rh .F I.:ik,· 1·.1·ic. 1:.11. ·11,'; :,2·41 4/13/57 4/15/TO- 1.46';Equipment Till:t ('<1·tille:it,·>4 01 1'157
If:/1,4,·v, Stuart & Co. Inc.
200,000 54·al,0:11·(1 Airline 1:.1:. ·11;r-: 1,111ipment 0/1/57 8/1/67 1.·10%'17·11Mt Ct·i·ti fle:itt-'H. Series R
H.ils,·>·, Stimi·t & Co. Inc.
100.000 St,ltthenl |':1(·ille ('01111,:iny .1 1-,; 1:,litip- 11/1/57 6/1/64 4.65%inent '1'1·11:t ('el·tifient,·s, S,·i·it·: XX
IT:'1:1·y. St'i:'t & CO. 111'..
Ii,{Iustrial Ccirporations
100 , 000 Inland Steel Cong ,: 1113 · ·Ir;'; 1 •' irst 1 / 1 / ST 7 / 1 /$ 7 .1 . 275 ';Mortkr.iKe licitids, ScrieS K
Salomon lb·os. & Hutzler
On motion by Mrs. Light, seconded by Mr. Petrie, the above transactionswere approved and confirmed by the following roll-call vote:
Ayes-Miss Scully, 1\Irs. Light, Mrs. Johnsen, 1\Ir. Meierdierks, Air. Petrie,Mr. Whiston, Miss Taggart-7. Nays-None.
Authorization for Periodic Listings of Members' Contributions
Mr, Raymond (L Zolinski, Director of Teacher Payrolls of the Board ofEducation, reported to the Pension Oince that beginning in September 1957the Payroll Department will discontinue posting to teachers' records theamounts deducte(1 for pension contributions. It is important for the Pensionomce to secure this information currently for the purposes of computingbenefits and for analyzing members' service and contribution credits. In viewof these developments and as an alternate, the committee proposed that analphabetical listing for each payroll period be prepared from punched IBMcards, which are furnished now by the Board of Education at a price to theFund involving the cost of cards plus labor. The additional charge forpreparing such an alphabetical listing is quoted by Hayes Statistical Service,Inc. as 530.00 pei· payroll period.
Since Hayes Statistical Service, Inc. is employed for the work of maintainingarcounting controls on members' contribution and service credits, 1 hi. com-mittoe recommended that it be authorized to furnish the listings, describedabove, at the price quoted.
On motion by Mi·s. Light, seconded by Mr. Whiston, the recommendation ofthe committee to authorize Hayes Statistical Service, Inc. to furnish periodiclistings of members' contributions at $30.00 per payroll period was approvedby the following roll-call vote:
Ayes-Miss Scully, Mrs. Light, Mrs, Johnson, Mr. Meierdierks, Mt·, Petrie,Mr. Whiston, Miss Taggart-7. Nays-Noiie.
September 20 224 1957
REPORT OF COMMITTEE ON ANNUITIESAND CREDENTIALS
PensionsThe Committee on Annuities :ind Credentials rei,orted that applications forpensions were presented for persons, hereinafter listed, with the recommenda-tion that the pensions be approved and granted in the aniounts and underthe conditions set forth herewith. In the case of each applicant for serviceor disability retirement pension, the employment of the teacher had terminated,the legally preset·ibed minimum years of teaching service were completed,and requirements with respect to age (if applicable) were fulfilled. Theapplicant for reduced retirement pension made due and proper election toreceive such pension in order to pay a reversionary pension to a survivor afterdeath as a teacher-pensioner. Each applicant for disability pension wasdeclared by three competent physicians to be suffering from a disability whichwholly and presumably permanently incapacitates him for teaching. Theapplicant for widow's pension furnished proper evidence of her right to receivesuch pension.
Mern],er'M Sc•hool Service 'I'() Annualor YrM. Dat: Prn#4[(inr.. inme Of .Upmher 111em,ic,r'M flati:M MOM. D:ayM Frona 1/13((.
Opti , inal Scrrire Rrtiremrnt Pensionx9355 Allen. Anna P. ........ 3-01'nir .....44-0-00 6/29/57 $3,814.929356 An,lers,·11, Viola H. "lk..35-6-00 7/ 8/57 2.647.929357 Aric],·rson, lii,:sic C;. . '.Ic·I,:irr·n ........·12-8-00 6/29/57 3,711.967327 Ang!"mite. Elien ]C. . .,2, :lilim(,11 ..........84-3-109358 Aradii, Stell, A........(;ale ..,,..... ,..39-0-00 ~~~~~~ :HM*9359 Atilt, T'r·rlyn W. ......1'1'wr·N High .......35-6-Of) 8/19/5, 7,103.569360 Bach, Mich:wl .L ...... Voli Struben IIigh..39-0-00 6/25/57 L rd.·109361 Banks, Mnrgarpt D. Hanilitte .......... .29-0-00 8/25/57 1,780.089362 Bore, Man· .\. ..,...... .\T:ir-slmli Hirril .77-3-10 3,261.006/29/579363 Borel, Lawr,·noe F. . . Hurley ....31-9-10 8/ lAi 2,389.567364 Brady, Alclon:i N. ..~.,Stevenson .32-3-10 %/ H/57 2,5-16.045968 Breme, John T. H-:ill,·r Hirh ......36-6-10 6/29/67 3.202.68198·1. Brembin, Mnyme ......Sto,·kton ..........42-9-10 6/2t)/57 3,727.11)3 66 Ill·own, Clar:, 1*'. ...... I·€I,jilger .......... .40-0-10 6/29/57 3,·185.Ss13G 6 Brown, -Wilma P. \11:tin High ..37-6-00 9/29/57 3.281.SS)367 Cassidy, Nellie E. ....,i)'Keefr ...........29-2-10 6/29/57 2,586.361368 Chartier, Albert:i S, ...K,·nwood ..........33-1-00 6/29/57 2,510.68)369 Chur, May E. .........it:,13< .............39-3-10 3,127.566/29/571370 Cobb, Etinice Y. ....... Serin High 29-6-10 6/29/57 2,357.767371 Cobb, Olizpr C. ........ t:„n.>r·volt High ....38-1-10 6/29/57 3,352.687372 Connor. Edward J. ...Chirairo Voc. ..... .2S-0-00 6/24/57 2 482.201373 ('ook. 54herman R. ..... 1.Tr·,10 Park Ifisrli...36-1-10 6/29/57 3,161.04)374 Cordon, Hfirme n. ,....1:r,·rilnno ..,. ,...3,-4-00 7/10/57 3,021.96737.5 (-'r:imer, Ts:,1)01 L. .....Hfrw,art . .43-7-00 6/29/57 2,7 S 5.0.11376 Croft... Verri:I ........ 54,·hurz Trierh 30-9-10 2/ 8/57 2,255.611377 I):;u·nbroc·k. T.,·n:i IC. .. 1):infe ............ ·43-0-00 6/29/57 ::,731.61-1378 1)pter, 11*lith H. ....... r,inclhlorn High ,., .20-0-10 6/29/57 1/820.01):17 9 Dr:liken, Sylvi:i In. .....ju,:tirl Tri,rh .22-9-00 6/29/57 1.4·11.-to)350 Dubow. Stelin P. ......'Ihiler- ITich ........;7-6-00 6/29/57 :1,257.28A.yfl Vinston. Lr,111:,5 W. ... 1:11,·. Cllild Sturlv.. .31-2-03 9/ 6/57 2.001.60IRS 2 Floycl. 1*'rank ,...,.... 1-ik,. Vi,m· Ingll...4.1-0-00 6/29/57 ::,+14.92Frf'ebor·Ir, Get·trnicle ...N,41,.lhorst ........·10-0-00 6/29/57 7.481.6%134.1 Fritts, Alirr D, .......Brvant . ,........25-5-00 6/29/57 . or I -.1385 -.-„.'.,-)3RG 1-avyo.I. ··· .. .Ir,nre .............29-5-00 6/29/57 . 607.12
...... · 1:ilnir.r 36-6-00 6/29/57 i'19 S.GO1347 TT:,prey. Catherine B. .. Schurz High .29-0-10 6/29/57 2,222.761:2 8 R TY:111. les:telle .......... Stihstitilte ... ....21-8-00 7/ 1/57 971.58-1309 TI:lrisen, Gladys S. ..... Au,qtin ITi[rh .34-5-10 6/29/57 2,702.281390 1-Inrdy, F:dria M. .......Clovrlnn,1 .37-0-00 6/29/57 3,2R1.841 S 91 TT:,tiey, Olga L, .····.Austin High .......28-·1-00 6/29/57 3.31 S.367392 Hret flol,1, Florence Pi... 11,-rne . ..38-0-00 6/29/57 3,053.049393 Irr·ndy, Ai}sl,v ]C. ...... 11 i-,le Park Trigh ...36-6-10 6/29/57 3/202.68939 1 F f i 11. I.e,)n:i L. ........Grt 1 list,1 ... ..38-9-06 6/29/67 2,834.16
September 20 225 1957
Pensions (conam,ed,
~Ielillier'M School Service To X n nun Ior YrM. Dnle l'entlic)11
N.. inme „r ,!ember Mel:11)(,r'M >4111(1]M Mon. DI,YM Frmn 12.It'.
Opti(inal Serrier Itctirrment Pc.nsions (continued)
9:95 Ho!)1:inv, 11;ith 11. ~....rob,·1 .............,;7-1-10 6/29/57 $ 3,065.889: 96 Hwol)nor, Thumi:in M..Chicagn V,Te. -.....'.,„.3"-5-00 8/24/57 . ':-..7:06 Johnson, Esthet· I-. ....>:enn Hit.rh ........Il;-5-10 6/29/57 3,360.969:97 Jones, Con:tance H. ... 11:iK·thorne ........20-2-03 9/17/57 902.52!1: DS .Jones, .Tanet An„......1:t·illy 85-0-00 6/29/57 2,613.129: :19 Kiernan, Catherine M.. 1':irker Eli?m. .....42-5-00 6/29/57 3,490.009 00 I.,·ach, 1·.cl \1·:ird H. .... .Taft Hi,rh 34-0-00 8/24/57 2,982.007:10 I.isk,1, Trilli:,in .T. ..... 11:1·,·ison High ....87-5-00 G/29/57 3,183.489/01 List, ICdn,1 H. .....·····14'arborn ..........36-6-10 G/29/57 3,026.529-02 Lyons, 10:11,elle M. ..,. Van T'lissilizi,n ... .44-7-10 6/29/57 3,877.329 03 ll:lguire, Irene ........Cook 47-6-05 6/29/57 3,89+.209-01 Maloney, Jine G. .....Gary ..............44-0-00 6/29/57 8,814.929. 05 Magrarino, Maric) ......\11.tin High 25-4-10 6/29/57 2.269.S<)9· 06 MeClintork, T,r·na T.., Revert· . -39-3-10 6/29/57 8,427.569· 07 Mage. Edith F. ..... Field 28-2-00 6/29/57 2,4 9S.SS9· 08 Meek, Helen M. kiehard: Vo:. }Ii;rh.·14-0-00 6/29/57 3,814.929· 09 1111]lins, 71:Iry M. ..,... I{I,1,!en . ..37-8-10 6/29/57 3.302.649·10 Niolm··n. ICila I'. .......ciale ··-· ..32-2-10 6/29/57 .. „n : ... I.
9-11 Noomin. Marit, 1:. .....(; 21 11:,1 1111,4 .········36-0-00 6/29/57 i,ilamod9.12 Norton, Florene·e W. ..1':ir·ker Eleni. ......:16-2-00 6/29/57 3,093.969,13 O'Neill, Kathryn E. ... K „::minski .....38-4-00 7/29/57 3,-vo.„„..Inn
9.14 Opitz, Georgi W, ...., Hydr I':trk High...35-4-00 6/29/57 4348.489 15 Palinan, Dor:, S. ...... Xi,hel .......······ 34-3-00 6/29/57 2,826.GO9.16 Pailey, Irene M.......Grogory ...,..···· .41-S-00 6/29/57 3.611.6 'S9 17 Parton, M,·rtle S. .... .Hartix:rn .....·····31-4-00 6/29/57 2.765.409 18 Petersen , Esther IT,,.. Howe ......······· 32 - 7 - 00 1 / 15 /57 2 . 873 . 769 19 Plam), Elsie Mnrle.....Srhurz High -······34-0-00 6/2:9197 2,%17.1,69 20 Pric·r, Lenorr W....,..54,·hiN·z Hich ..·····39-0-00 6/29/57 , :,9<.409 21 Itathliz:,1, Bern:icline I,,.11111·1,fink ......····34-2-00 6/29/57 2, S:;5.724 22 Rrilivtrin. Herman ....chiCago Voc. High.20-0-10 6/28/57 1.666.GR9 28 Ri, hard., Airnes E. ...'1'Iller I-Ii#rh .....···31-3-10 6/29/57 2.761.209 24 1-tirrhz , Kathlren 13, . . , 11„1-gan l':irl: 1-Iigh..31-9-10 6/29/57 2,600.109 25 Righn(101·, H:izel T,. ...9'It(-; ..............33-1-10 6/29/57 2, S 06.089 26 Hy:m, Kathi·vn ,T. .... Fulton 45-1-15 7/ 1/57 7,09.209 27 Hace. JT:iry K. ........Mor·Man Purk High.38-4-00 6/29/57 3,340.409 28 Srh:,rfer, 1·:lsie .......M,irphy ........···37-1-10 6/29/57 3.211.329 29 Schlesinger . I .eonora C .( 1 :, le .. I 37 - 5 - 00 6 /1 '1 / 51 . A -" ..
i' 30 Sottle, Florence D. ... .Orr .33-9-00 6/28/57 . 693.5251 31 1-1~.rller. Kenmird 13.,,,Taft -High ,..····· ·34-1-10 6/29/57 5>723ii
32 811:11·1~ry, Dnvid T.9 ....Chicago Voc. High.37-1-00 6/29/57 2.01 S.9 29 33 Shet,herd, Olive JT. ....Steinmetz High ···ss-0-00 6/29/57 2 157.689 34 Shirlds, Florence M. . .ltii·riard ...37-9-10 6/29/57 3,11 6.049 35 Sinicll. Hent·y T.inclhlnin High ... .38-4-00 6/29/57 47·ls.·1%T9 36 STnithson, T.illian W..,.C„lhotin ..·········78-2-10 6/29/57 3.267.244. 37 ,ST)noner, Corn A. ......Sullivan High .....35-4-00 6/29/57 3,092.769 'LE Stanhury, Olive P. . . B/1 11 ev .40-5-00 6/29/57 3.523.410. 29 St ,·vr'n:, 1Clsio Y, ...,..11,>nnett 40-5-00 6/29/57 3,527.147· 52 Strirm, Rnse G. .. Boone 42-1-00 6/29/57 3.5·17.329 10 Vnn Sands, Holon ...... \mundven High ...33-9-10 6/28/57 2.601.On9· 11 Wnsrnor, Florence P...Tonti ...··········30-1-00 6/29/57 2.1 77.76Ii· 42 TV:arm,i·. ICI·n,Kt G. ..,. XTArshall High ·····26-5-10 6/29/57 2.'57.169. ·13 Whelcion. Er·4,11·n N....Tuley Hich ..·····31-0-00 6/29/57 2.24..SR4 .1.1 Trill,Il!·. .1·17"",4 TV. ····r"rililinrt High .... .36-0-00 7/ 1/57 3,140.564. · ·1 5 6/29/57 1.798.4141·.46 6/29/57 7,·177.604, 17 iffill?{EliE~ff 1335 *ikw ::{ii{{21{
3 177.60······· 6/29~574 1 S Wolf. Mnrion M. ...,..Hale ....... ·······38-0-00 3.0·19.921, 1 9 TV,mil, Silva M. .. Harrison High 37-6-00 6/29/57 7,2/1.889. 50 Zeratsky, Erma .......Part:el· ]Clem. .35-7-10 6/29/57 2.900.16n. 09:51 Zeratskv, Ruth M. ....Parker Elern. .......i 00 6/29/57 3.122.44
September 20 226 1957
Pensions (coutin Ned)
1/ember'14 School Service 'IN) Annit[itor YrM . Ditte 1 ' 4, 11 % i ( in
A-:ime of Menther Men:her*,4 NtlitliM 1[(IN. 1)113-M Ibri) Ii) litite
Compulsory Serrice Retirement Pensions9462 .\dams, 121<,r,·nce NT.. ,/ruler I.Iigh ........·46-0-00 6/2:1/57 $:4, S !' S.20•!,453 Anclersen, Lric:i:, It.....1,lovd ..............1.1-%-11) 6/21}/57 ::.<85.72•8148 Anclers(,n. Arin:i lt:11·ic·.1'i•nn ..............·12-·1-10 G/2fI/57 :6.125.01•4 ·151 Ansrier, M. }:stolle..... Trilson IN·. Jr. CoL..21-9-10 7/25/57 2.x 11.219455 Arado. Grace M. ......8,·11 ................1.1-4-00 6/24,/57 :Ljft,RI<5456 Ballinger, !:erthu ..... l'ortrisip Park ......·13-3-Of) 6/29/57 .',4.,6.6009157 Berg, Emilv A. .......cornell ............45-1-1.0 6/29/57 3,89S.20•4458 Bermin, Ecliia M. ······ YatoR 44-S-00 6/2!1/57 3.041.529459 Berolzhoinier, 13,·111:111. . TH:Sable I-Iii:rh .....46-4-1X 6/29/57 :;,A!) S.20*9460 Borcharclt, Henry G....Chicago Voe. Hisrh.36-0-00 6/29/57 :,11*.56/9461 Brady, Celia M. .......1.anc Treh. Hicrh...·12-3-10 6/29/57 3.677.529462 Bric, Genevieve M. ....Howe .. ..........44-9-10 6/29/57 3.894.00*9·163 Brown. 817.ada G. .....('orkery ............11-1-00 6/29/57 3,573.369464 Bucher, Stephen IC. . 1.:ine Trch. High...3-1-3-10 6/29/57 3,011.169 ·165 Burkhardt . Mal , el G .. . 1 ' ucilong ........... 351 - 7 - 00 6 /29 / 51 3 . 456 . 72 •K154 Caplice , Irem · M . ~ / 29NT ':, SVS . 20 •9466 Clarke, Alfred 1!. .... Hoard of Examiner>:.·1·1-3-00 8/ 8/57 3/SMUS9467 Cole, Davicl S. ....,... lia)·sh;ill Hixh .....:34-4-10 6/29/57 7.477.60f I .1 6 8 Coleman, Marion C. ..5411:lke,p,·:11·0 ......·12-6-00 6/24)/5 7 :;,691.:&2•9469 Collinfl, Imuri·tic·e (;. ..''lissold ............11-7-00 7/12/57 :;,623.2#5 1 4 70 Cooner, Blan,·11,· M. . .1·'oreman Ifigh .....3,8-5-00 4/20/57 3.256.769471 Davidsic,11, ~I. I )or·„thy..Wells Iligh .......·15-0-00 6/29/57 3.89 h. 20*!)472 DeGer:ild, 8,·:it 1-h·,·E... 1.'iold ..............·16-0-00 6/29/57 3,8 9 S.20*9473 Doyle, Hc'nriett:l M. ... 1·1:immond .........·15-1-0.1 7/ 7/57 LS NS.209474 Drain. Marie P. .......Vurphy ...........35-1-On 6/30/57 3/07..569475 DuBois, Marth:, If. . .Selizirz High ..39-0-00 8/22/67 :1.:Ills..10947G Dunne. Irene ('. .......ittlwgles ...........40-9-10 6/29/57 :],560.SS*9477 Easter, G 1 :trlys; M. ... i ) ir. of Mii v ie...,..42-7-00 6/29/57 3,721.645,178 Engle, nnbc·rt II. .....Hyde Park High. .27-0-10 6/29/57 2.103.129179 Erickson. Irronic:i A..,;011(ly ..............13-3-Or 6/29/57 3.756.60•9.180 Evans. Emily M. Kenwoo,1 ....... . ·10-0-0<) 7/26/57 :;.481.689481 Fisc'her, Lois E. ........justin High ........12-6-rio 6/29/57 3,640.289·182 Foulk. I·':inc·hon T. ..frl:'re ........... .45-7-03 7/ 5/57 :1,%!Ix.209443 47-:ineis, Dals:y (1. .. ..(·altimet Tlisrh .....40-0-00 6/29/67 7.·1<1.GS•94 S4 Frodel · ick . (; ruct · A . . holith Shorr High .. 24 - 2 - 10 6 /29 /S; 1 114 .-9 ,9,185 (-;„ldhern. Fannie .....1&11·phy ...........31-2-10 6/29/57 2.752.!,2054·156 (,uinan..inn:t M.......1:ohn ..... ........11-5-00 7/23/57 ::,606.729447 Gust:ff:(,Ti. 1.'1-ance. 11.. Ebrrhart ...........'37-2-10 6/29/57 *' / * I - 6,
91 8 8 TIny:, Elizabeth F. . ..1:evere .......... .31-7-10 6/29/57 2.7'11.56/4010 Hennebry. Elizabeth .021:enwald ........39-6-10 6/29/57 2/s·15.08•9.14!) Hi·wrs, .Tonnir R. ... Fentrer High ......32-0-10 7/ 1/57 2019.52*9190 Hic·key. Anna C.......TRG ............ ·16-3-03 7/ 1/57 ::.876.12~9491 Hoffman, Floronce V. . TI:irrison Hisrh .... ·14-3-04 6/29/67 3,%93.16•9 4 9 2 TTopkins. 1-'*·rnad,·tte ..1•'arrasrut Hicli ....38-5-00 6/29/67 :,356.71;•9493 Huff:iker, Vivian F.....1:nglewood High ..38-5-00 7/ 1/57 3.356.76.9494 Icunter·, Rett:i ........liliSable High ......1.1-4-00 6/29/57 R.S.18.16•9495 .Tack:on, Gert!·1:de ....I,n Stillf. ..........43-0-00 6/29/57 1731.6.1949G Johnson, Grol·g'e ,\. ...Drummond ...... .25-"-00 6/29/57 2.2·19.0.19497 Jones, IN,Nim, A. ......Armstrong ........·1·1-6-00 6/29/53 7.414.92*9498 Kerin, Knthi·>· 1, L. . .. Arienci,r ...........42-·1-10 (,/24/5, .i,h, 5.807199 Kohler. TI:trrv O. . ... Hirsch High ...... .31-9-10 6/29/57 2./u".80!,sO O Kron, Hcln:£ TT. ........Sullivan lfigh .....36-3-00 7/29/57 3.178.524501 T.irinirstr,1, M. (11·r}l·Frin. W-entworth ...... .3,1-2-10 6/24/57 2.51!)1.60.t,5()2 I,loycl, Impile .1. .......in·de Park }ligh...· 0-1-00 6/29/57 t. 140.OK9503 TA]sson, Mary G. . .8117·. of Curric·111 21nl.· 6-1-15 6/29/57 :t.K 98.2<)4504 Maver, 1·:1·na A. ...'Ihilry JIitrh .. 1-9-10 7/12/57 :, Qf}·Lon9505 McC.aliov.,Marip A. ...Ilirs,·h High ......·4-5-10 6/29/57 :i.XG ".7,;9506 Mrrow.tri, Fl„!·pnee 11..Field .... ··········· 8-3-00 7/30/57 3,%90.200507 MCCurdy, Tna ..., .Taft HIM'h ........,1-4-10 6/29/57 7.595.fix•950% Mer).inip], TT:illie T.. . . Farragtit High . ..9-6-00 6/29/57 3,14,7.28.4509 MeT-),inncll, Mary F. . f,von ............... 5-7-08 6/29/57 :' SPR 20*9510 M,·12:irland. Edn:, M.... Trving .............···1-!A-10 6/29/57 ;I, K 9 .1.0 0 ,
-. 9511 MrGuire, Cathrrine M..T,indblorn High ....·6-2-14 6/23/56 3.7'61.04*9512 iTc·Hale, 1·,ilen F. ......13,·ford ............~04.00 7/ 1/57 2,715.·1#*9513 Mr·Hale, lr:n·n· P. .,... Foreman High . 4-0-00 6/29/57 ...14.929514 Mr,Kfnna, T,r,retta H. ..O'Keeffr ...........f.2-9-10 7/27/67 2,R,;7.449515 Mparl. Npllii· P.. .......laiirnsicle ..........· 2-5-10 6/20/57 '. *1').'l Os9516 Mek,·H, Trinifred M. .Lane To,·11. High.....1-5-10 6/25/57 i./1,11.76
September 20 227 1957
Pensions c ,·Ii,tintied)Member'M School Service To AI11111111
or YrM. Date l'enmii) nNO. i//1114· „f 1/enatic·r Mnnberk St:itu,4 11,0.1),13·M Fruna It:ite
6,imprilsory Surrire Retire,„trut /'c,nsions i ,·„,iti,t„<·(09517 Millen, 1<v:ing'·lin" 1... 1:\·1'ord ............:a}-0-00 7/1.1/67 8.35 X.·10951S Mollimin, 1'.Ltris.1 G.. .1•'01.:li-ille .,,....35-:1-10 8/11;/57 .;,0'll.119519 Multi·ns. Agnes \ . ....Cal·ter .............48-0-00 6/29/57 :i.%83.44•9520 Mulligan. Antm C. ....Morrill .........·15-5-0.1 7/ 6/37 :1,>118.204521 Nils,·11, 11:zi·i-iet .... kH ·1·1-8-00 6/29/37 ;1,881.52:1522 0·Dowd, 1·'1·:inces L ...1),·1:,11„ 1;/2,1/67 :;.#14.:129523 C)'Mallry, Helen IC. ....72,)·lur ,..,........·12-7-10 6/29/57 3,710.76SO.36 Perry. Caroline D. ....tb·de 1':irk I·ligh.,.:,4-'I-00 6/21,/57 3.357.4$•952·1 Perry, M:H·guerite S. ..C;,pernic·us ........:;5-1-10 6/29/57 ..,077.76•9525 Peter:on, (Nal·ence W.. ZZ-ils,)11 1;1·. .11·. C'<)11..29-1-(H) 6/29/57 2,5,98.849526 I ' loree , I .mella C . ...... In · de Park III Ah ... 39 - 0 - 00 6 /29 /Tr 3 , 31) 5 . 40 .9.527 I'letcher. 1,1·11· .I. ...... il:in·i son High ..:;4-8-00 6/29/57 4465.12•95,28 Pohiman n, ICI·na 71. .., Marsh:ill nigh ....·11-:1-00 612:1/67 ~;,639.!16.%·126 Pondel, 1)01·:i .........L:ine Tech Ilich....16-6-19 6/29/5,7 3,53>.96•9529 porcelli, M:grie r. .. .. 1'11 illi i is 1 1 1 Ah ...... 18-1-0() 6/29/57 1,6.97.688850 Rathl),in. Rutli M. .... 1,nke Vie w Iligh...·11 --1-00 1; /:P/57 3,3,; 6.12•9530 Ritz.111,1. 1,<,t,·1· 13. .... Nist. S"vt ./ -// ') d4-_·,_Ar .' i.'. i-- 3,898.209531 1 : 031 : Lit · e , Panlille ...... Cl ·: ine J /·. Coll . ......1 - 1 - 1 - 10 1 / 21 / 51 3 , 827 . 4051532 12owl:inds, I,ouis,· ('.,...tzistin Iiig·h .......35-1-10 6/29/57 1,077.76SO ·$ 3 12 >·an , I ·klen 11 . .......,154 .lvxiz .......... .·18 - 1 - 15 4 / 29 /5;9 533 Ityrholin. Violet ......Prirce . ..........·15-2-00 6/29/57 3.89,5.295:14 Sc·:t!·ry. IClizal)('th ..... Imines ............·13-7-10 ,)/21/57 :i.81-1.11"9535 8,·hildknecht, Xorm:1 ..IVells nig'h .......30-9-10 6/29/57 2,727.94,9536 Schlibel, IC<lwal·(1 ('., St·.1;111'lev ............·12-·1-tO S/ 6/57 .40 1.39537 Shunlry, Elizabitli 11...Coonlry ..........,·15-4-00 6/29/57 :;,SNS.29538 Shanler , Genevieve A ...\ 11dtil ,(, 11 ....... ..13 - 5 - 00 . /. r. i - f- 3 , 77 :;. 2
/0
r
ZD
Z
Cl '.
8045 Shericl:in. Eliz.:lheth F..Tulry HiLrli .... .·16--1-02 3.8:;7.49t,539 Shut'll,·ff, 7„,cl:, H......Hui·ler- .: .........10-0-00 6/29/57 3,177.2.1*8379 Smith, D:li:.3 }:. ' ' Gres'11„ ;nt.... 2 .... . 1 4 -s-to 6/29/52 2,975.04*Smith. Ii·ene H. /29/5,~562 Somers, Jeanettr S. ...TRG ..... 34-6-10 6/29/57 **Aig.51 41 Nouter, 151:inche 11. .. .Tiumbull ....... -1 5-8-01 6/29/57 3,898.20*9 42 Spencer, F,liz.:il),·th .1, ..Kni:th Hilnre High.-:;ti-2-00 n lr- n6/29/57 .#0.=.E.1 43 St}Itler, 01·1:1 R. . . Ati.tin 114: h ...... 15-0-0" 6/2,1/67 3,5:18.20*8 01 ftlick. William K. .....Vulta ./- I i D d 2,181.68•
I...
C~
Wu
iz
9 4-1 >Ste,11·11,4. 1<:thel 11. .....(14,ethe ...........·13-9-10 6/ 9/57 3, flo./9 45 Stew:li·t, Je,innil· M. ..Brig·nt ............·11-7-00 7/ 3/57 :6.61 4,45·16 Sutherland, Mill„·1 ('.,. Willurd ·29-1 -00 6/ 9/57 2.57:i.KS9547 Thomag, Rose·ne H. .. .II,i·ri:„11 High ··· .41-7-00 6/ 9/67 3 623 28•
1 !15,18 'I'ufts. Matie D. .......Mciriteflorr ..... ..·16-9-10 1;/ 9/57 3.Stix.20*80 Twerclic·, Dick ...,.... irorgan 1':11·1: iligh.42-3-10 6/ 9/57 3,670.56*
CW
CH
KK
'
955~1 U':~An,·r, 121.heth .... ![arrison Inirh ....·10-0-00 6/29/57 :i.,181.(;S*9551 IV,il. h, 1\I:11-1· H. ....,. .(1,21·I'el· 1·'14·1~i. ., · ··1:;-5-1)~) 7/ 1/57 :' T;·, ·~:•! 1552 Ii, hitak €. r ..fc , 1111 1 ...... Austin High .......:16 - 0 - 00 4/29/51<1553 IVilli:uns, J:unes C . ...l.indhloni High ....42-9-00 6/29/579554 Witt, 1·'*,in G..........Y,iling ······ ····'J-:,-„, I)/..,/:1, 3,894.20*
i. n ne .'.0.--
9555 ya„c'ex. Annette M. ...1.:rni· Tec·11. 11;Lrh. .'111-9-10 6/29/67 3,·177.GO*S·16,5 Clancy, Charlotte A. .,'1'ilcirn 'i'•,c·h. High..·iT-1-17 6/29/57 3,337.20•({),1 elf'i·filin (ij (1 }'1'rc' i'Ritintl t·?1 ])('11Nifrn Jin· n Nit )·I'irin·. in tlic' flmi)111,t of 8 1.5,00.00 1}fr.f„· ar,.1 / i .~·.q CMni ·v '.,1 ,· i · li ,- i ·mut venxion of 8 .;. 858 ..? 6 Prr vfur uns oduced t4 th < 7 -(itcIhou·) cinotc'.)
• ICmeriti~14 h.(tel, cr ri· fircil iiff {· i · 1 · i '-rm ],1 ,4nnent nit n Empm}-1# li , I .qi .K .
1)ixcihilit,· /6,fir,·,ili·,It /4.,1.<i,iris
2.1:,2.Xx
1 D-,169 llc'ni·iksen, June ll. ..('c,luinlms .,.,. ..16-2-10 6/05/57 '1'.,7, 1JIT# CtN'id<,it,'s /4.,isic„i
ir'r-29 .... 00 S/29/57 1*In-W(11'idint· 01 j'al,1 (;. 1'*licin·ds, c.r~uniner)
September 20 228 1957
Pensions (continucd)
Summary Dj Pensions GrantedUptional Sen·ici: r,·tirement pensions.........103Compulsory set·vice retir,·ment pensions......116Dix:ibility retirement pensions .Widow's pension
On motion by Mrs. Johnsen, seconded by 1\Ir. Meierdierks, the recommendationof the committee was approved and the service retirement, disability retire-ment and widow's pensions, listed above, were granted by the followingroll-call vote:Ayes-Miss Scully, Mrs. Light, Mrs. Johnsen, Mr. Meierdierks, Mr. Petrie,Mr. Whiston, Miss Taggart-7. Nays-None.
Appointment of PhysiciansApplications for disability pensions were submitted with the recommendationthat physicians be appointed for the examination of the applicants.
On motion by Mrs. Johnsen, seconded by Mr. Meierdierks, the appointment ofthe physicians, listed below, was authorized.
R. P. Murphy, M.D., 1150 W. 78th St., ChicagoNicholas B. Pavletic, M.D., 9948 S. Western Ave., ChicagoDonald Farmer, M.D., 9948 S. Western Ave., Chicago
To examine: Mary F. McCabe, SubstituteIrving A. Friedman, M.D.,720 Lake St., Oak Park, Ill.Edwin S. Sinaiko, M.D., 104 S. Michigan Ave., ChicagoA. S. Geraci, M.D.,5679 W. Madison St., Chicago
To examine: John A. Moretti, Lane Tech. High School
Cancellation of PensionsThe Committee on Annuities and Credentials reported that the followingpensioners have been re-employed as teachers by the Chicago Board of Educa-tion. Therefore, pursuant to the law, the committee recommended that pensionsof the persons, hereinafter listed, be cancelled as of the effective date of re-employment.
Type of R:ate of 1)11 kPrnM[(in 1 '€·SINIon 11.-rilphiyed
..Disability .$1,708.44.. ... 9/2/57Lee. Bernice Il. ..... ...Scrric'(' .... . 3,060.36.. ... 9/2/57n'Brir·n, Janel ..,.... ...5.4·vjce 2,689.SO.. .. 9/2/57lizilledge, I,ily Way ...., ..H,·1·vic" . 2,232.00... 9/2/57Shericlan. .Tennie H. ..>4,·/·/·ice . . 2,395.56. ... 9/2/57Simler , Veronica . .... I ) i : ahility . 2 , 073 . 60 ... ... 9 /2 / 51
On motion by Mrs. Johnsen, seconded by Mr. Meierdierks, pensions for persons,listed above, were ordered cancelled on the dates indicated by the followingroll-call vote:
Ayes-Miss Scully, Mrs. Light, Mrs. Johnsen, Mr. Mrierclierks, Mr, Petrie,Mr. Whiston, Miss Taggart-7. Nays-None.
September 20 229 1957
Outside Time and Military Service
The Committee on Annuities ancl Credentials reported that affidavits, or otherevidence, attesting to or certifying (1) service in the public schools of theseveral states or in schools operated by or under the auspices of the United
f States outside of the City of Chicago; (2) time spent in the military serviceof tile United States during the pension period; (3) service as a playgroundor recreational instructor for the City of Chicago or the Chicago ParkDistrict; and (4) employment by the Chicago Board of Education as aschool clerk are hereby presented for the persons hereinafter listed withthe recommendation that they be approved ; provided that in the case ofoutside teaching service no more than 10 years be credited and also thatthe last three-fiftlis of the term of service for which an annuity is grantedshall be in the public schools of the city.
Service Service Credit.St·]1(,01 (De,serilition) (Yr,4. MoN. 1)28,·24)
Traching St.rrici. in P,il,lic Selionts or Under AtispiceS of thi• U.S.Hernstein, Morton ..........Spry ············ · ·"enci ng 0-4-00Brown. Anna. E. ..........~- Substitzite ...... :e.ic i nK ::-0-00Fowler, Al:11·>· A. ..Substitute ...... .''e:ie i ng 1-0-00Golden. 'Nesle,· 1). .,...,,... 1:ilr. 13 21:. IC(l. ,,, . "OIiC 1 ng 4-0-00ihirmon. 11(•:si,· 11. .... ..ltitchi'11 ......... .."e:tring 0-5-00King, C.'lurn H..............Substitute ....... .'.'enc' ing 6-4-10Mark:. I,(·01:1 A. ......... .Substitute ...........r-'earl :1% 0-5-00Mer,innis, .I. Itnymon(1.,.... Chic:igo Vor. ... ."eaci nir 1-5-00McKenwl. 1.fil·~•tta ll. .......O7Ry.fre .............rene i ng 1-0-00Mill,·I·, Ethel T. .. ..,.... .Substitute ,.... .-rae i ng 9-3-00
~ Nixon. ICI·na ..........~..~ -Sul,Mtitute ....... "P:le 1 ng 1-0-00pohlmann. 1·:1·11:1 M. .....X!:11·311:111 High .. .''ene ing 3-0-00St,·inke.·.Ii€!1·13,·rt W. ........1•'unfton ......... .."racing 1-0-00T:th,·11 1., Jolin :\. ..(yii,·ago Vor. .. .,. . .-eac i ng 0-9-10
. .' 'e:ic 1 Tig 1-0-00vallance. Nev:l i i. . .....Anieric:lilization ......'2;:ic·ri ng 7-0-00
Military Serrier of the United StatrsHrown, Walter W. .... ...Roosevelt High ......Military 1-0-05Golden, Wesley .. ....~... Bur. Bus. Ed. ......... Military 0-5-00
1<inployment in utiwr C.hicago Gorernment{11 Units13,:gnolin, Mary ,.... .Schurz High , ..School Clerk ...... 2-8-01King, Clill':1 11, ...... ,~ .Shibstitute ... ..School Clerk 0-9-10Newton, 1·:ileen O. ... .. (31·esham ...... ,School Clerk 2-0-10Parkhill, William K. .Tilden High . .Recreational Instr. 1-8-09Saly, Dot·(,thv A. ...........Oakland ...... -School Clerk 2-5-04HehW:l|)eclisi·n, IC:ther M.. ..M:11· ..,...... ... School Clerk . 1-0-02Smith, Mary H. ..Scott.......... ...School CIO i·k 1-0-00
On motion by Mrs. Johnsen, seconded hy Mr. Meierclierks, the outside timeand milit:try service for the persons listed were :11)proved by the followingroll-call vote :
Ayes-Miss Scully, Mrs. Light, Mrs. Johnson, Mr. Meierdierks, Mr. Petrie,Mr. Whiston, Miss Taggart--7. Nays-None.
1
-iwi
September 20 230 1957
REPORT OF COMMITTEE ON PENSION LAW AND RULES
Pension Legislation
The Committee on Pension Law and Rules pressented a report on pensionlegislation which was enacted into law on July 8, 1957. A s;zinimary of themost important changes is as follows:
1. CONTRIBUTIONS. As Lane One salaries improve in the future,pension contributions will be increased automatically on amounts notin excess of $7,500 per year. On the basis of the present schedule,pension contributions for the first nine yearly salary levels will notbe changed. Contributions for the 10th year to the 30th year will bebased on $6,250 per year. Contributions for the 30th year andthereafter will be based on $6,500 per year. There will be no changein the requirement that maximum pension contributions are limitedto and governed by the salaries whicli are paid to regularly appointedteachers credited with a bachelor's degree ( Lane One).
2. PENSIONS. Service and disability retirement pensions will be basedon the same salary rates as are used for contributions. There are no -changes in the pension formulas. The rate of discount on serviceretirement pensions to persons retiring between the ages of 55 and60 years was not altered. It remains at 1,4 of 1 % for each monthunder age 60 down to a minimum age of 55 years.
3. MINIMUM SERVICE REQUIREMENT FOR RETIREMENTPENSION. A vested interest in a pension at age 65 can be estab-lished after 10 years' service for pei·,sonK retiring after age 55 withless than 20 years of service.
4. SINGLE-SUM DEATH BENEFIT. The single-sum benefit is nowpayable to beneficiaries of all male teachers who die in service.
5. EMPLOYMENT OF PENSIONERS. Pensions will be paid to an-nuitants while employed as substitute teachers for a maximum of60 days in a school year. Salaries during this period will supplementpension payments from the Fund.
6. INVESTMENTS. The investment authority has been extended toinclude additional eligible securities for investment linder prescribedrestrictions.
7. REVENUE. The tax levy has been increased by $568,000 per year,thereby fully financing the improved benefits.
On motion by Mr. Petrie, seconded by Mr. Meierdierks, the report of thecommittee on pension legislation was approved by the following roil-call vote:
Ayes-Miss Scully, Mrs. Light, Mrs. Johnsen, Mr. Meierdierks, Mr. Petrie,Mr. Whiston, Miss Taggart-7. Nays-None.
September 20 231 1957
MISCELLANEOUS BUSINESS
A Report by the Actuary on Recent Ruling of theInternal Revenue Service
A comprehensive report by the actuary, Air. A. A. Weinberg, on the latestruling of the Internal Revenue Service regarding the taxable status ofChicago teachers' pensions was presented by the Executive Secretary anddiscussed. On motion of Mr. Petrie and seconded by Mi·. Meierdierks, the
I trustees voted unanimously to file a copy of lIn Weinberg's complete reportwith the documents of this meeting and to print the following summary inthe proceedings:
Mr. Weinberg stated that, according to a recent ruling by the InternalRevenue Service, pelisioners of the Chicago Teachers' Pension Fund nowmay obtain credit on a limited basis for a proportion:itc share of publiccontributions to the Fund during the period from 1921 to 1939. The basisfor this consideration is (11) tliat salaries of public employees duringthis period were not subject to income tax and (2) that, if an employer's
. contributions to a public pension fund prior to 1939 had been paid di-rectly to the teachers, the amounts would have been exempt from incometax. The period from 1921 to 1939 was used because no public revenuewas paid the Fund until 1921.
In the case of the Chicago Teachers' Pension Fund, public revenues wereextremely small during the years prior to 1939. They were unrelated toteachers' contributions or to the accruing costs of pensions. Consequently,a proce(luz·e for allocating these sums is based on the ratio of actualpublic revenues to total annit:11 salaries for each of the years in question.In conformity with the ruling, each contributor was deemed to havereceived the niaximum salary for elementary teachers, becalise the com-putation must be related to the pension plan for ill covered employeesiii a particular year. On this basis, the following additional amountsfor years from 11)21 to 1939 may be added to members' contributions:
1921 $11.28 1927 $66.80 1933 $ 38.151922 8.13 1928 40.89 1934 56.321923 ., 6.68 1929 35.79 1935 88.401924 76.51 1930 1.86 1936 83.831925 53.83 1931 58.88 1937 116.021926 63.15 1932 24.44 1938 104.00
Mr. Weinberg advised that relatively few of the Fund's present pen-sioners can expect to benefit from the application of this ruling in theforni of a tax reduction. Under present inconle tax regulations, personalexemptions and maximum tax credits (totaling up to $2,400 per year)allow niore consideration for the aver:ige prilsi(mer over age 65 rh·inwould be achieved hy adding his share of wthlic revenue to his owncontributions. Future pensioners will benefit from the ruling for alimited period of time and to the extent that c~mtributing service in theChicago Public Schools was rendered between the years 1921 and 1939,
On motion by Mr. Petrie, seconded by Mr. Whiston, the trustees authorizedthe executive secretary to employ whatever additional help is needed toprepare analyses and reports; for all pensioners at the earliest possible date.
September 20 232 1957
ADJOURNMENTOn motion by Mr. Petrie, seconded by I\Iiss Taggart, the meeting adjournedto meet at the call of the Secretary.
A~ &M 6. 24%7**Recording Secretary.
1957October ·1 233
REPORT OF TI-IE PROCEEDINGS
OF THE
Board of Trustees
OF THE
Public School Teachers Pension andRetirement Fund of Chicago
Adjourned Meeting-Official Report
Friday, October 4, 1957
Due to the sudden and untimely death of the president, Miss Susan Scully,the vice-president, Mrs. Light, called the meeting to order at 4:15 P.71.
f ROLL CALLPresent: Mrs. Light, Mrs. Johnson, Mr. Meierdierks, Mr. Petrie, MissTaggart-5.
Absent: Mr. Whiston, Mr. Marshall, Mr. Pasnick-3.
October ·; 234 1957
DEATH OF THE PRESIDENT1Iiss Taggart reported the sudden and untimely death on September 30, 1957of Miss Susan Scully, President of the Board of Trustees, and presented thefollowing tribute in her behalf.
3$17 3*1 emoriamSUSAN SCULLY
With profound sorrow, the trustees of the Public School Teachers'Pension and Retirement Fund of Chicago recor(1 the sudden and untimelydeath on September 30, 1957 of SUSAN SCULLY, trustee of the Fundand president of the Board of Trustees.
Miss Scully was elected by the teachers to serve as a member of theBoard of Trustees in October of 1938. She served as recording secretaryof the Board from 1942 to 1951 and as president from 1951 until thedate of her death. During the period of her service she contributedsignificantly and untiringly to programs which were designed tostrengthen the Fund organically and financially and to improve itsbenefit provisions. She was ever-mindful of the teachers' great needfor a full measure of financial security in old age. During recent years,she was seribusly concerned about the impact of an inflationary economyon the fixed and limited incomes of retired teachers. One of her greatestdesires was to find a feasible and acceptable solution to this important,basic problem.
By her passing, the Chicago Teachers' Pension Fund has lost a forcefulleader, one who has been identified throughout the years with constructiveresearch in matters related to teachers' pensions, and an individual whowas recognized for her unselfish dedication to problems of teacher wel-fare. The Board of Trustees, the contributors to the Fund and thepensioners have lost a devoted and able trustee, a good friend and aconscientious associate, ever ready to work for the welfare and interestof the teachers of Chicago. The trustees desire to express their recog-nition and appreciation of these qualities and to enter upon the minutesof this meeting a testimony to her memory.
On motion by Miss Taggart, seconded hy Mr. Meierdierks, the trustees unani-mously approved the foregoing tribute and ordered that a copy, suitablyengrossed, be presented to surviving relatives.
Octol)cr ·; 235 1957
Election of PresidentMiss Taggart nominated I\Ir. Arthur Petrie for the office of president to fillthe unexpired term of Miss Scully. On motion by ~\Irs. Johnsen, the nomina-tions were closed. There being only one nominee, Mrs. Light, acting president,declared Mr. Petrie cluly elected president. Mr. Petrie took the chair andproceeded to conduct the nieetting.
MISCELLANEOUS BUSINESS
Appointment of Members of Canvassing BoardBy-law 7, section 5, of the Board of Trustees, provides that the trustees shallchoose by lot three members of the canvassing board from judges of electionin each odd-numbered district of the Board of Education, provided that suchjudges shall have indicated their willingness to serve in this capacity. Thetrustees also are required to fill vacancies for unexpired terms in the samemanner. The following is a report of persons so appointed:
Name Achut,1 DiM triet
P.5.r ir i erms of '1'tro Years Ending Ser)tember 1959
Gerald IC. lit·,lile......... .~ Peter:40 . XO.Marguerite R. Luzi. ..Oriole 1':il·k ........ ....No.Aphroclit,· 1"lamboura Pment:11 ..... ...... .No.Coletta I:vrne ...., ...Young ······· ····· ..No.James E. he:lirbank:. . ..Sm)·ser ... ......... .. . Nc'. r
:/2 U
l i, 1
Opal H. Oneill...... ...Franklin ...No.shari T.ieberman ... ..
.\A:issiz . .······ .. N,.Mildrecl V. Jficlen..... ..M:ziliern· .No.i.•. Or,·ill,> J ,)11!i:.c,Ii. . . ..W:ishbulne Tracle ....... ...NO. bJoanne Whalen ....7'ilton ....... ······· .No.Harriette D. Weqi ,.. ..(; 1·emory r..Mvron Kin·ol,Ls ...... . .'renny:;ni~ . . No.Meri·l F. Dallin,in. .Cori:ery ... No. 9Mildred r. I.ind:iuer. .Byrne ... No. 9William Wieser ..... ... Harrison High ......... ... NO. 4A. Raymond 11:,vis.... \.ltweld ... NO. 11odessa A. IIoward..... ..Gillespie .. No. 11.Tticlith Tc . Satidet·son. . Grimpx Br. of I·Inle ..No. 11
···0'Ket,ffe . NO. 1 3Rachel }3. Shariblg..... .(101 111:inAdeline K. Smith. . Park:ide .... ·········· ..No. 12Shirley Ki·emsner . ..('lissold ... Nci. 15('harles A . .TA)/·41,1/1. . . Morgan 1"ark I.Tigh..... .No. 16Charle': N. Ilaverl>·. .Sutherland ... No. 15Dorothy 130>·ce .... . ....Iciministrative Oflices
To Fill 1'{tr,i:i ,·irs for i,·1·,1,8 4,1 On,· Y,·ar 14.,:{ling Septi,nil,cr 19511irwin i. r;11:Inff...... .. .Gate _........ ..................No.N:Li·ri,·It L. Jolingon. . .. .. . . .1 f I':ti"'' I.¢| ......... No. s1,·11,1 '1'. 4 '91!1~1 ...... . . . ir. i iii.1 1 1, .1 . . . . ....No. 10
On motion by illy. Meierdierks, seconded by Mrs. Johnsen, these appointmentswere approved unanimously and a report was ordered printed in the pro-ceedings of this meeting.
1
October ·; 236 195;
ADJOURNMENTOn motion by Mrs. Light, seconded by Mr. Meierclierks, the meeting adjournedto meet at the call of the Secretary.
~JR~ s.3336(ZFRecording Secretary.
November 15 237 1957
REPORT OF THE PROCEEDINGS
OF THE
Board of Trustees
OF THE
, Public School Teachers' Pension andRetirement Fund of Chicago
Regular Meeting-Official Report
Friday, November 15, 19571
A regular meeting of the Board of Trustees of the Public School Teachers') Pension and Retirement Fund of Chicago was held Friday, November 15, 1957.
The President, Mr. Petrie, called the meeting to order at 2:00 P.M.
ROLL CALLMembers Present: Mr. Petrie, Mrs. Johnsen, Dr. Lally, i\Irs. Light, Mr.Meierdierks, Mr. Pasnick, Mr. Whiston, Miss Taggart-8.
~ Member Absent: Mr. Caples-1.( 1 ) 1 : c to th,· fact that AIr. ('(11 )k£ 1 (·< 18 not cl <: c : h · d fruit ,· i · lintil .#' 01 '(' Inb (' r 1 .9 . 1957 . notice ofthiR Ine,·tinf; 1,(IR U 11(1 1·(,i (1(1 1)11, Rlifirt . liia (ibac.nce ,(·fts flue to (t prcrious Com»litment.)
Mr. Sidney Deutsch, Treasurer of the City of Chicago and ex-oflicin Treas-urer of the Public School Teachers' Pension and Retirement Fund of Chicago,was present also.
1 APPROVAL OF MINUTESOn motion by Mr. Pasnick, seconded by Mi·. Moierdierks, the minutes of theregular meeting of September 20, 1957 and adjourned meeting of October 4,1957 were approved as printed.
-
November 15 238 1957
REPORT OF THE RECORDING SECRETARYElection of Trustees
The Recording Secretary, Miss Taggart, presented the reports of the Can-vassing Board on the certification and election of candidates for tile oflicesof trustee and a communication from the Secretary of the Board of Educationregarding the election of I\Ir. William G. Caples. They at·e as follows:
Certification id (:cii, diclates by the Carirassing Hi ,cirdTli r r·(inuaRNing bourd reports tlicit ,·tilte,· 16, 14:97, tirtitionki pn- tlic· followinge.,1 11 ilichitew jor truatee rd the ihiblie ><,·11(,(,1 '1'*·cli'hers' 1 14·}ixion find Ncti,·cincnt Vit,Iticd Chicu,m 11.c)·c examined m (1,·1·(irdirn,·c Irillt titc p ) {,rixi,ni 01 11!1-1,11(6 7 , xet·tinn K.mieh petiti<, n trus Rigned bil n ,) 1 ,·Nx th , 1 , 1 ti ,-*' itt !*-ti :· c cirnti · ilitit or.:, Inn· // lcd tril(1(11¢M bc.Ji,re the election (111 0,·tolic}· 25, 1957. 41 12,1 1,·11>: c,rec·Ntril for )10 m,irc thcillon,: c.fincliflate.Thi:,·cj,irc, the chairman <Ind scerct,li·?1 (,f thix ji„,1,·d , crtifil t,1 the rcri,nling Recrr·t([ i-l# i,f tlic· B ,„tril Of '1'ru Hteci; t licit th i· ji,[1„11·in ,; 11(')·84 11* (trc ,·11 f itit·d t„ Iii· i·{i ntlitinh·x1(,r the officea o j tri,8(ce of the Publit. St:.hoot 'reaf·lic,·x' 1 't,·nxicni (1 1211 14 ,·tircme.ntFirn,1 of Chicizuc, for tilt. tcrinx indic·,ltrd. '1'jit·31 ills,1 1·t·,111, >{t thui the nitnic·R i,jcandidittes entitled to lic placed on the bilibifs slicilt be mfulcd m thrit cach nunrnHh (111 Uppear ilb each position , 80 ./a/' a .4 prixiib / e . im mi cilimf numbri - od bullot ,<.
0, 7 , 1 in ( Itcd ff,)' .1 - 1 '~ · ili · '1 'i '~·;)ix . 1 -," M Antd Jor 2 - Yen· Tr
JAMES WM. DOHENY ANN M. LALLYARTHUR R. PETRIE WILLIAM N. LASKYHELEN E. TAGGART IRA H. MONELL
7 '/tr 11(im ·d ret ,„ rts further thnt tlic Re„ Ct {1 )·11 ret:cired a lettrr ,)f Withd )·tiu·{it * ( 1c·fi„,li,Intc jor u tbrer-m·ft,· term JI·,im W illi,im X. f,uxk,1. f,ir 1,·h,im Mit,·11 1,('litiona11-,· re fili: d. Ain ,·, the 1,- ith , Irai , NI Ii ·, 1 .: re,/„ cut ,· d trithin thi ic ·, 1 1 / ii · i ·,/ ti ·/ 1 i /, 2 1 /.9 1,('/,))· ethe ric.(·tio,[. Willium X. 1.,1.41,1/ :thilil il,it bi· ,·i),ixid,·red it (·:112(fid,12(' Dir tli,· th,·i·i-!1((Ir te)·m und his imme xi <111 n (,t <11,1 'c,Ii· tri, thi· 1,(tilot 1(,r thlit kim (,1 1,1Jit·i·.(,Ki .,/ 11 ,· r/) A :17 '1//. 1.'/.' X ('/,·. 1 /.V . See:' 1/. (.Kiuncd ) LEON.,1 /,7) JI. MO f, LO , Chiti )· inui,
St{dement by Canr ci .< sing n„ard „/ F„tes a ,id nall„,s (:,istT fit 08 ('a~t ff,}· 3 - Yrar Ter inA 1 - otc .9 east for 2 -}' c ( 1 · 7 ' crinB
JAMES WM. DOHENY. ... 4,370 ANN M. LALLY. . 8,208ARTHUR R. PETRIE 8,949 WILLIAM N. LASKY. .. 1,830HELEN E. TAGGART.. 10,306 IRA H. MONELL.. 1,701
V.'1 LU) /MLLOTS 13,165 N/'()IL/·.'L) BALLHTS 6 0.; 7'07'.-1/, R.1 LI.07'.K 1.;.7,;9
st ,/ 1 ,· r , f /// i , Joi ., 1 7 'Jir und , i ·xi,pird ('hnirman (ind Xorrt in ·,1 id th , f 'frn M~ .C"„ intli '} f (,*„ 1' IC ~ 88 . ing 8 (mni , 9 '1 (' c · trd JI 'lil, 1 /)1 ,· confrilit( li } tt; int ' 1 ,1 1 ,¢· i · x of / hi('itil (,f (ihic·41!)41 J t, tic·iting f<in·r in 111,· )11<inm·r provided 1,11 the 11!1 f,lili'v (,f
the 11,„Int (d Tru>:IrcH (d the Pilitic >;(·}unit '1'1·111·11,·rs' 11'{·mlifin cind krti,·4·111('itt Flind i,f C'hic·(14„, 1/l·.'REBY ('ENTIFY thilt tht' 1,„·,·,min,; \MuI rue ( ind rfirrci ·t xfokmmt id th' rt, Irs ,·ast jf,)· Cit t h f u 11 ,li ,litte 5 „ 1 - th ,· „ fli,·r„f truxtre, at the cli·c·ti„n held in i·fu'li :(:liwit (Infl in ,·11,·8 1,„lting plat·c in ('lii,·,1,11,(,n (Ic·tolic,· 25, 1957 : th<it <tn tic't·„unt "f „11 nift,·bit 11,211<,tx licix Iii'cit mtitic ,„),11 ' 4 ' 1 · ific ' d :,infl tlicit cach ,d the f„ 11 <, u' inu ('(Indificit (' R ) 1 ,·cir ¢·(1 ( 1 1)1111 <, lit ! 1 1 , f ( tll 0 , 14 .0" 0 .' 11 for iliM n '.9 /, r ' i .' til -(' p ,iNi / ion und ix ilf ·,·lit ·cd ti, be dulti clectiti f rl: Rter f, ir theterm indicated:
ARTHUR R. PETRIE ELECTED FOR A TERM OF THREE YEARSHELEN E. TAGGART ELECTED FOR A TERM OF THREE YEARSANN M. LALLY ELECTED FOR A TERM OF TWO YEARS
(;11 E.V 21„(ici- 0 1, i· /,¢111 fic thiN 2 5/h da,/ r,f Ort„bri·. ·1./)., 1957.
(,Fic/no/) A-:17'f//,/6/·.'X ('miI.V, 80·0/. C .0,1,1,·dj /.l.'O.V.,1 Al) //. NO/.1,(), C '/mirmitil
November 1 5 239 1957
A Comniti nication frum the St,cretary of th,· 11(Hird of I:{litrati„,1
('it!; of Chic·,1,1,1
MiI: Er ,·lin Klinlund . 1 ·: r,·,vitin' Scrretm·!1 im ·,· mhi ·,· 1 ;. 1957i'tildic· Xt·1. 41 't",·,1 ,·1~* 1·i' Pt·11 :inn and Netircm; lit V 1111,1
('hi,„f)„ 1. lilinfii:4
/),·in· .1/i.:. Xh„lii,i,1.·
\t flic· }r.,·,·tin,1 of the linard (11 1<(tticittifin id tlir ('iti, of Chit·(tri,i lit·Id Nnreinlin·1.;. 14·97. .lfr. 11'illinni (;. ('c/,1,·.g tr·,1,: ch·,·1,·,/ t„ .,·;·1-,· 1,4 ri mi·mber o.f the 11,),1·d ,#f'/'rit:tri·. ,)f flir I'til,lic Ri·71,)„1 7;·111·11,·i·:' Pritxi„,1 11,1,1 1;,·ti,·t·m,111 1''trnd fin· I: kimid tin"K'ni·x r/7,·i·fire X,Ii·i·ni/,(·i· 1,)57.
Sin¢·f .'TU .1/010-8.(Signed) H. H. Burl.. Sreratni·!f.
On motion by AIr. Mcierdierks, seconded by Mr. Pasnick, the reports of thecanvassing board and the communication from the secretary of the Board ofEducation were accepted and ordered printed in the proceedings of this meet-ing, and the documents pertaining thereto wei·e ordered filed. This motionwas approved zinaniniously.
REORGANIZATION OF THE BOARD OF TRUSTEESOn motion by Mr. Meierdierks, seconded by Dr. Lally, the order of businesswas suspended in order to consider the reorganization of the Board ofTrustees. This motion was approved unanimously.
Mr. Petrie requested nominations for the office of President of the Board ofTrustees. Miss Taggart nominated Mr. Arthur Petrie to serve as; Presidentof the Board of Trustees. The nomination was seconded by Mr. Pasnick.Mrs. Light, Vice-President, took the chair and asked if there were furthernominations. There being no further nominations, Mr. Whiston moved thatthe secretary cast a unanimous ballot electing Mr. Petrie President. Thismotion was seconded by Mr. Pasnick and approved unanimously. There.upon, Mrs. Light declared Air. Petrie duly elected President for a term ofone year.
Air. Petrie resumed the chair and requested nominations for the omee ofVice-Pi'(·sident. Mrs. Light nominated Mr. Whiston. Mr. Pasnick secondedthe nomination. There bring no further nominations, Mrs. Light moved thatthe secretary cast a unanimous ballot electing Mt·. Whiston Vice-President.This motion was seconded by Mr. Pasnick and approved unanimously, There-upon, Mr. Petrie declared Mr. Whiston duly elected Vice-President for aterm of one year.
Mr. Petrie requested nominations for the ofnce of Financial Secretary, Dr.Lally nominated Mr. Meierdierks. Mr. Pasnick seconded the nomination.There being no further nominations, Dr. Lally moved that the secretary casta unanimous ballot electmg Mr. Meierdierks Financial Secretary, Thismotion was seconded by Mr. Pasnick and :tpproved unanimously. Thereupon,Mr. Petrie declared 1\Ir. Meierdierks duly electe(1 Financial Secretary fora term of one year.
November 15 240 1957
Mr. Petrie requested nominations for the office of Recording Secretary. MissTaggart nominated ~\Irs. Light. Mr. Pasnick seconded the nomination. Therebeing no further nominiations, Miss Taggart moved that the soceretary casta unanimous ballot electing Mrs. Light Recording Secretary. This motionwas seconded by Mr. Pasnick and approved unanimously. Thereupon, Mr.Petrie declared Mrs. Light duly elected Recording Secretary for a term ofone year.
Mr. Petrie requested nominations for the office of Chairm:in of the Com-mittee on Finance. Airs. Light nominated Miss Taggart. Mr. Pasnickseconded the nomination. There being no further nominations, Mrs. Lightmoved that the secretary cast a unanimous ballot electing Miss TaggartChairman of the Committee on Finance. This motion was seconded by Mr.Pasnick and approved unanimously. Thereupon, Mr. Petrie declared MissTaggart duly elected Chairman of the Committee on Finance for a termof one year.
Mr. Petrie requested nominations for the office of Chairman of the Com-mittee on Annuities and Credentials. Mr. Whiston nominated Mrs. Johnsen.Mrs. Light seconded the nomination. There being no further nominations,Mr. Whiston moved that the secretary cast a unanimous ballot electing Mrs.Johnsen Chairman of the Committee on Annuities and Credentials. Thismotion was seconded by Airs. Light and approved unanimously. Thereupon,Mr. Petrie declared Mrs. Johnsen duly elected Chairman of the Committeeon Annuities and Credentials for a term of one year.
Mr. Petrie requested nominations for the office of Chairman of the Committeeon Pension Law and Rules. Mrs. Light nominated Dr. Lally. Mrs. Johnsonseconded the nomination. There being no further nominations, Mrs. Lightmoved that the secretary cast a unanimous ballot electing Dr. Lally Chairmanof the Committee on Pension Law and Rules. This motion was seconded byMrs. Johnsen and approved unanimously. Thereupon, Mr. Petrie declaredDr. Lally duly elected Chairman of the Committee on Pension Law andRules for a term of one year.
Mr. Pasnick moved that the following onicers assume their duties at thenext meeting of the Board of Trustees. This motion was seconded by Mr.Meierdierks and approved unanimously.
President .--- ,-,.. -.,- -... -...... Arthur R. PetrieVice-President.....,.........·············-····.'.-' .. -,.,.. Frank M. WhistonFinancial Secretary,,.,. ········· George O. MeierdierksRecording Secretary ~~ Laura M. LightChairman, Committee on Finance ····· Helen E. TaggartChairman, Committee on Annuities and Credentials Mabel S. JohnsonChairman, Committee on pension Law and Rules Ann M. Lally
November 15 241 1957
REPORT OF COMMITTEE ON FINANCE
Reimbursement of Contingent AccountThe Committee on Finance reported that receipted bills, cancelled checks, bankstatements, and other supporting documents covering expenditures for theperiod from September 19, 11)57 through Noveinber 13, 1957, inclusive, andtotaling $1,019.25 were audited.
The committee found that expenditures had been made properly and recom-men(led that this account be reimbursed in the aforesaid amount.
BillsThe following bills were presented with the recommendation that they beapproved and paid.
~IlitH Milit[(,1,;TR
9/:1()/57 OfIice supplies . . $ 39.61}10/31/57 Oflice supplies .... .. 81.99 5 121.68
Board of Eduration of (lir ('ity or ChietiA-o:11/ 6/57 Preparation of tal)111:lting cards showing tencher:4'
salary deductions for each pay,·011 period from7/1/57 to 9/30 75.2:)--
Builder.i Huilding:11/ 6/57 Alterations and rep:iii·H to provide for ail· enmii-
tioiliuM ................... ......567.31
Hitye,4 AM/,dient Arri·ice, lin·.:-I- -9/20/57 Actuarial statistics and in:ul.,11(·c· 1·,·ports. 1 1,).2:,
1() Pension payi·(,11 chan,re: in Si litemlier .111,1 0,·tol)01·. 66.0010/31/57 're:whers' contribution ,·1·edits In· lit).ird .f
E ditc:Llion ......... .. ..... ............. 1.638.68Financial statistics .. ......................... 121.85Omer administration . ......................... 22·LInElection expense..... 168.SO 2,39.1.83
InteritiationnI ll,!Nint•,4% Mfic·|,ine. Cor,rnr:ition:1,)/ 1/57 IRM electric rxrcutive typewriter................ .175.00
llc·Cormick :iml 112'n,14.rM,rn, Tili·.:9/ 3/57 Printed for!1135 and Mutililies...... Sql.45
to10/31/57 Election materials:
Printed 1.71)eis, seals, rei·tificat,·,4, f„1·111:,and imttructions for judges :ind clerks.$165.00
20,000 111111,·tins on ,·]retion 1,1·i,(·,•-dures, ete. (/'ri,1/ing. Pr,Ft,1,/i· & „I,filin,/) :112.77
22,000 Special notices for election( Printi 114 , 1 ) ixtinic .f ninilinfi ) ...... ... 269 . 40
1,500 Notic'ec; of election............ ... 53.2043.000 541)enimen and ofli~·ial ballots. ..., 256.SOSperial envelop,»s / 1 . 1 .7 · 18 . 0 .r 1 . 2 (11,1 =5 1 f ) 150 . 5021,000 Reports on election . 121.00 1,328.67
22,000 September 27, 1957 -1't·nsion 1,~:wts"(Printing, mniling ,< postn,/,9 .....·············· 34,7.00
25,000 M:11111:714 of inform:ition( Prilitinfl , mitiling .0 post ,Ific )...........········ 2 , 497 . 58
1.500 Texts of pension Inw...........·· 813.80JUne report Of Boal·d i.,f Trustees' Proce¢'clings... 496,SO 6,398.70
1,1·04·ev, C„1„r Plate Company:10/22/57 Riti,ber n.·ime 1)1:iteS ... 24.03
'ill.
November 15 242 1957
Bills (continued)itzindolt)]i liox .t L:,bel C„.:
10/ 7/57 Ballot boxes ·12.43Standiard Rewi,der Comp„ny:
10/ 4/57 Income tax forms =1099 59.11I»h}-Hicilin,4 :
10/16/57 Geraci, A. S., M.D., ]Cxanlination of .Tolin .\. Mon tti 15.0011/ 7/57 Sinaiko, Edwin S., JED., Ex:lillination of .John A.
lioretti 25.00
$10,198.38
On motion by Mrs. Light, seconded by Mr. Whiston, the foregoing reportsand recommendations of the committee were approved. Expenditures for thereimbursement of the contingent account and for the paynient of bills wereauthorized and confirmed by the following roll-call vote:
Ayes-Mr. Petrie, Mrs. Light, Mrs. Johnson, Dr. Lally, Mr. Moierdierks,Mr. Pasnick, Mr. Whiston, Miss Taggart-8. Nays-None.
Refunds and Death BenefitsThe Committee on Finance reported that documents pertaining to claims forrefunds and death benefits for persons listed herewith were examined andverified. Applications for refunds a/c resignation were made by persons whoare no longer employed as teachers by the Board of Education. In the caseof Mary F. McCabe, application for refund is in lieu of an application fordisability retirement pension and is accompanied by a written release tothe efFect that, upon receipt of such refund, she shall have no further in-tel·est in or claim against the Fund. Claims for refunds of contributionsand for benefits payable on death of teachers and pensioners were deter-mined after certifying dates of death and establishing proper evidence foreach beneficiary, administrator or executor. The committee recommended,therefore, that refunds and death benefits be granted for persons listedherewith in the amounts specified.
The committee reported further that other refunds to contributors, listedherein, were paid at the time reports on audits of such contributors' accountswere submitted. All refunds were due to changes in rates of contributionssfor creditable service or to other required adjustments in the application ofautomatic increases in rates of contributions hy the Board of IC<lrieition.It was recommended that the payment of these refunds be confirmed andapproved.
liefund,4 11/4' IteMignall,)„ „f lEi.irtillirly I'.m])11,Yril Metillicri:
Aldrich. Celeste Marip ..................$ 481.56Alexander, Fri€·cl:, Arlene ···· ········ 63,1.ff,Alleshouse, Ruth ····· ·····~-'-'''~'''''''~~ ~'' 579.00Arambuni, Murb·1 ···-- . 888.00Rectudoin, Gertrud IC. ···· ··· ·· ... .., 884.261;out·ke, Milt·ic G. . 100.0(iBoyd, Extell:i H....···· 577.50Brody, Vivian . 1.1·47.4<)
273.00141.0-1
Bulawa. Pauline G. 510.OSByrd, Thecidore H, , -
November 1 5 243 1957
Refunds and Death Benefits (confb:ued)
11 (· firm] A 11 /e lievignntion ( if llc' Arial :trly kial )!( iyed 711·: 11 ,er,;: ( continurd )
(-'li:iI,in, 1'.itth ...... 203.7 3... 291.51
1,(iyle, (9(.Il,·vit•,-,· 1 ) ........ 95.01)1)0>·le. .To:in M. ... 18.00
621.25Egan, Julia C.I·':11·I·, I )on,1.l ...... ..... .... 5ST.82Fishin:,/3. Anne .... ... 1.Nf)1.,1 5I•'l:iNA, Mildred noth ...., 1,165.141·'(,ster, Mar>· E. L. ... ... . , 517.511Frectii:in. I::ithle,·11 H. . . ····· 75<.00Garfinket, Pauline S. ... 4 6:;.50(;:irron. J:Ine C. ....... . ... 27,00Gitiffre, Mart:,11·et . ..... ... 116.00Goldman, rath:,ili,·1 ........ . . 473mlGorski, 11iane A. ......... .... 1.17.noHammano llaymond H..11 .. 081.34Harmon, Nannie A. c ... ... 1.647.50lic)r.'11·05, 17·lime A. ..... ... 1.005.50Kul,isch, Gretchen ....... .... 25-1.50Lerancler. Gracrab:11,· ...... ... 86.00Levin. Judy 11. ........ . 558.00Linick, Madeline .... .. ··· 240.00Lukic, Mi 1(1 red J. 1 .In ./.,
;02.00Murphy, Patricia .T. .... ..relif. Iona Renee .......... ···rei·linger, Ciara M:,ri,· ... ... 258.00Nic.1.on, Ethel S. ., sos.50C)'I.eat·y, Uns."1:11·ir .1. .. .... 165.00Orleans, Sheila .. 176.30Ovel·holt, .To:in ........,.. - 33:1.76
2·19.50(21:inl:217, E:ithl,·on .\.-0. -0Robinson, Man· 12. ...... ....
Horinick. T.,·,11:ii·,1 .. 7 1,9."5Schnefen Miriam . 477.75Sclinolfic,ld, W:ilter .... .. 556.94
.. 292.1)(1Hinler, Rose 12. ......Kinith, Mw·j„rie M. .. 290.00Boderberg,.loan H. ........ ... S KG. 1 SSt:inley. Janet J. .......... ·· ·175.50Tresselt, Ruth Marie ...... ... 1.10:2.·10Vasti. Faith ].. 2·10.00Irralthouse, Mary L. ... 466.50Welnn, Dol·ntlly .Tean ...... ···· 192.noZ:ilon. Lucille 1-1 ......... ... 190.00 $29,127.79
Ref,in,14 1,/c. ABI}:Iration fr,in, 44.ri·ire <,f 4111),4~tilt€or Trmi,<irtiri] 3· IC:Ii,11„yed '1'1:1«·lirrx:
101·nstein, I·Irlen T·:mily 102.76Castronovo, Virginia . ... 234.00Clarke, Joan Pati·icin . 2:,4.00Dirrott, Mary E. ... 162.72Durrett. Jvilmor· 0. ...... ··· 270.12
Ikin, Joan M.i !·irm ... . 56.25m) Il. 1205;:l . . 23·1.114}(,iss, Joyce .
C Ity, Aquill:, S. 120.An1 eny, Stephen R. 295.17Med be, Enry F. ...... 6,072.00•TIc,·Carville. Tre,1,-,11 .1. . . -.,....,..0 4-
Mcrnmai·a, Eugene 14.07(-)91)01·rte, Hinwath.4 11 ... 31.68ltilry, Shirley . . 354.00Rosenthal, Lois . 1,0,00Samitelv, It(,1)erta ....... . 96.00Schloerl). Rich:ird A. ..,.... 150.00Silimettor·er, Audi·ey ... .
23 1.00126.(HOSrnith, Anna M.
Stein, liurton.......... . 150.00Ze„ke, Ronniel L. 60.00 9,·193.51
•Applircition for n·flin,1 in lic,1 (,f tkinsi„11.
/b
November 15 2.1 .1 1957
Refunds and Death Benefits ( continited)
Refund,i of Accumulated Contrilitition,; on Death:
Begy, Mar>· I·:lizabeth ((,mdi/.9.liar,,/ lic,/,/. l,(.72,/i,·im-I/) ..5 2.SSI.00Dilibert , Antoinette ( lircitri,·c i ) ilibert, ti~· irt ,lit · i ,li·!0 ..,. ·1, ~Sl . 11Iedwards , I ,oatrice J . C ./ amcx 1 ;- cili / en I·.', hond ., 1,('*·/i
ciart# and Lo:trice Yronne E,/1,·ard x, (/ minor 1„w·/i, i,11by I' rnci L . Comptoit . guardifin ) ...... 2 , 815 . 7 ()
Hong, Elizal ), th W . fxtevlic „ T . 1 / c,(m. bene *< icir :13 .... 6 ·11 . 00Joy , .Juli : i W . ( J¢ lith W . No ,· lic . i. ilti Nor }ic 1 ),iul, it ( 1 , 1 , 1
Ri(' 11 (n ·, 1 E. Roche , brm·firinri,· x ) ... 4 .*;·17 . 25Alat':08. Jlarilo li·jif, f';c' h " '/c· /1,·/: 1,·i'" ..thl" ,/.. ,1'.'iff
3,9,2.00Neal, Jew,·1 (c;,·ii¢·i·(l 11 i-*ill, 2/, 1,4'iti·/i,·ir, „,) 53' An
Scully, Stisan (.,1 une· .lic · f ' ormi ,· 1. R , il /. brncit c i ,1 ru ) ... . 4077~0 924 , 707 . 22
Single Pnyment Ilritent «in Denth of '1'cncherM:
Regy , Mary Elizal, eth ( Cilad ?/ 8 Ma 2-11 Jfco ?/, 1,(' 214'11,· im·1/) . 2 , 00 . 00Dilibert , Antoinette ( Mentrie{: Dilibert , benctic'. i „no .... - 00 . 00Eclwards , Lp., trice J . (. famw Wcndelt l·~~liNWL ' ticit <·/1 -
citirl ; Und I,ecitrice Yuonne Ed ica ,· d .9 , a m incir brni: liria ,·111)11 Lena L. Compton . Glifirdian ) ... 000
Joy , Julia W . ( keith WI Nochr , brnelliciarg ) .,,.,.....,, 2 , 00 . 00
L.11-1 JO
M~t;~n~, ],Iarilozilse (Ge,·triu~ Ro.,7.'re" .'ilit,re/.·. liene/~-.... 2,500.00
Ne :11 . Jewel (Gencia Jtradi , 4 . 1,(, 111 . ficiarg ).. . 500 . 00Scully, Susan (.1 )inc .1/(·(,01·micA· /:,1 1/. 11·,ir/ic·ici,-11) ...._ 2,600.00Shaw, Dorothy }C. (:inni' L. Lf, 11,1,·1/. 2,500.00 18,000.00
Singli• I'nyment lic·nefit „11 I)elitlt of 'I'r,1 4·11€·r-I'eni[„,wri:
Mc · Cum ·, Not·, 1 ( 1 /arr ?; E . M c ·('1111 £. c ., ccutfir ) ..... 50000Oakey , (*atlierin ,· ( Nita Ke )11 *·(Irk , licili 'llc ' ilir!0 ,. 500 . 00 1 , 000 . 00
Refun ¢IM (if Contrilititionv for Ser,·14'r 1,1 !';Xet'.H Of ·15 1-{•11·Min the Amilint AtiI,ile:1!,le :IN nn OfrMet 1 4, 11:e Delictic·ney forMen ire Pricir to .1*ily 1 931 :
OA' 0/ OA, riAGallig:in, Anna E. -...«•. -I...W.'
1{4•fum],4 11/c' Adjuxlmi.ni~ in Itate, „r Contri]),1(Ii,]14:
Anglin, Jean B. .. $ 16.00Charnes, Al'·in E. .....· 2.70Etten, Mildred M. .. . 4·LAOJankow:ki, no:s,tria M. . 1.50Manning, Ruth F...... . 16125McDormott, Mat·.v ......... 1.00Riecio, 1.2,·liGia . . 21.00Itic·,·, 1,:thli-,1 .1. 72.10 ~122.:15
$82,86·1.07
On motion by Mrs. Light, seconded hy Mr. Whiston, the foregoing reportsand recommendations of the committee were approved. Expenditures for thepayment of refunds and death benefits were authorized and confirmed foreach account shown above by the following roll-c:ill vote:
Ayes--Mr. Petrie, 1\Irs. Light, Mrs. .Tohnsen, Dr. Lilly, liz. Mrierclierks,Mr. Pasnick, Mi·. Whiston, Miss Taggart-8. Nays-None.
1,;57November 15 245
Duplicate WarrantsThe Committee on Finance reported that the persons named below requestedduplicate warrants iii lieu of the following described checks which werereceived and lost. Affidavits certifying these losses and in each case indemni-fying the Fund against any liability, damage or expense which may result
by reason of issuing such duplicate warrants were duly filed. Therefore, theconimittee recommended that warrants be issued to the persons named belowin the amounts indicated.
N:litle Amount Number Dnte liurl,IMT
Da,·is, Mud:, H. ... ..4 44.1.1 :;7386!1 S/:11/57 l't'Ilsion 1,2,> niellt
Flynn, lt„se le. .... 95.56 U,5142 6/30/67 l'ension paymentMoran, Mildred S. 7,><2118 4/30/57 l'ension In>·ment.<5.112Schlaeger, Gail ...... .. 76.·11; 3821,ij 9/30/57 Pension payment
On motion in, Mrs. Light, seeonded by Mr. Whiston, the recommendation ofthe committee was approved :ind the wan·:ints wei·e orclered (11·awn by thefollowing roll-call vote:
Ayes-Mr. Petrie, Mrs. Light, :\Irs. Johnsell, Dr. Lally, 1\Ir. Pa:nick, Mr.Meierdierks, Mr. Whiston, Miss Taggart-8. Nays-None.
Purchase of Bonds Confirmed
In accordance with the advice of Standard & Poor's Corporation, investmentcounsel, and in a mail vote prior to the date of this meeting, the Committeeon Finance reported that the following securities were approved on the yieldbasis noted plus accrued interest. The committee reconimended that thepurchase of these securities be confirmed and that the bonds he registeredin the name of the Fund.
Amwmt Dric·riliticita or 11„,id, initil 1)111,· If '1,(I(linr Vialtie) Annir or Firm IN' ite (1 11:it u rity Yield
U. S. Gcirernment$500,000 United St:ltes ·1% Treasury Bonds 10/1/57 10/1/69 .1.00%
The First National Bank of Chicago
Nci i 1 r ucid s$100,000 Northern i':trift,· i::IiI\vay 22,1 9 7/30/51 3/30/65 4.70%
Equipment '1'1·113it (.ertim·ates of 14;1Sal,)mon Bros. & Hut·/.lf,r
$100,0(}C) Stilithern 11:wifle Company ·116 c h 10/1/57 10/1/68 4.65,9ICrillipmrnt Trust Crl·litie.itt·~:,Serie.'4 ZZ
II:il>~ey, Stuart & Co., Inc.
On motion by Mrs. Light, seconded hy Mr. Whiston, the above transactionswere approved and confirmed hy the following roll-call vote:
Ayes-Mr. Petrie, Mrs. Light, Mrs. Johnson, Dr. I,ally, Mr. Meierdierks,Mr. Pasnick, Mr. Whis;ton, Miss Taggart-8. Nays-None.
November 15 246 195;
REPORT OF COMMITTEE ON ANNUITIESAND CREDENTIALS
PensionsThe Committee on Annuities and Credentials reported that applications forpensions were presented for persons, hereinafter listed, with the recommenda-tion that the pensions be approved and granted in the aniounts and underthe conditions s.et forth herewith. In the case of each applicant for serviceretirement pension, the employment of the teacher had terminated oflicially,the legally prescribed minimum years of teaching service were completed,and requirements with respect to age (if applicable) were fulfilled.
Member' H School Service 'ro Annualor YrM. Date l'en,41¢inNnme (if 1/ember Member'H StaluM MoN. DayM Frwn lt:i i r
Opticinal Scrrirc. Retirement iIi i , Ni , ing9556 Dennison, Imelcla C. ...I,tbby .............35-5-10 9/27/57 52,748.004557 1,;verett, Charles V. ....(.'hitago Voc. High..28-1-10 6/29/57 2.·194.68
Fossier, Cl:Lrence F. ...South Shore }Iigh..:,0-6-10 11/ 7/57 1,945.OS95·59 Hagey, George L. .....Imne Tech. I-Iigh....34-1-00 10/ 2/57 2,826.249,;GO Hill Nellie M. ........Foster Park ........10-4-00 6/30/57 :;,51.9.049561 Kinnard, Marie H, ......lttucks ...........27-5-10 11/28/56 2,OSI.289562 Marston, Anne II. .....Nash ..............23-5-14 10/13/57 1,237.OS6792 Mather, Marv W. ..... . Farnsworth .......28-1-00 10/ 9/57 1,720.os9563 Meinhardt, Elsie C. ...Fenger High ...,...10-1-10 10/26/57 3,532.569564 Moeller, Geraldine .... Phil Sheridan.... .35-5-10 10/ 1/57 2,727.249565 O'Brien, Helen J. ....·Edwards .. ......35-9-00 9/28/57 :;.·192.4,<9566 Papageorge, Chri,vtine .Jefferson .........37-1-10 10/ 9/57 3,270.969567 Riordan, AL,y H. ..···· i':il·ksi(le .. .45-0-00 8/22/57 3.898.207716 Swift, Frances L. ......Lamieson ..........37-1-00 11/ 2/57 3,284.408327 V,·lavro, Mary Dunn ... Scott .. 37-6-10 11/13/57 3,318.GO9568 Vesely, nessio '...,.... McConnick ......·12-1-00 9/23/57 :,676.68
Comptilsory Si·rric,· Retirc,ment Pensions8161 Dilrinett, William T. ...Lane Tecli. Irigh....2.1-8-00 7/ 1/57 1,361.64•8163 Galligan, Anna E. .....J. N. Thorp ........·17-4-15 10/15/57 3,909.96•9569 Griffin, Loretta T...... O. A. Thorp ........4-1-2-10 6/29/57 3,835.GS•9570 Mayer, Frances E. .....Marshall High .....27-3-10 9/26/57 3,060.76•9571 Meynen, Ruth O. ...···Reinborg ..........40-7-00 6/29/57 3,540.009572 Sayle, Mona .......···Spalding Elem. ....44-0-10 11/ 1/57 3,850.560' Emeritus tcaclier retired after w-cmT)1(11/ment on a temporan/ bity, ix .
Summary of 11'ensions GrantrdOptional service retirement pi·nsions........,16Compulsory Hervice retirement pensions#., 6
On motion by Mrs. JohnsOn, seconded by Mr. Meierdierks, the recommendationof the committee was approved and the service retirement pensions, listedabove, were granted by the following roll-call vote:
Ayes-Mr. Petrie, Mrs. Light, Mrs. Johnson, Dr. Lally, Mr. Meierdierks.Mr. Pasnick, Mr. Whiston, Miss Taggart-8. Nays-None.
November 15 247 1957
Denial of Disability PensionThe Committee on Annuities and Credentials reported that an applicationfor disability retirement annuity and reports of physicians were examinedfor John A. 1\Ioretti. Since three physicians do not agree that the applicantis suffering from a disability which wholly and presumably permanently in-capacitates him for teaching, the committee recommended that this pensionbe denied.
On motion hy Mrs. .Johmsen, seconded by Mr. Meierdierks, the recommenda-lion of the committee was approved and the pension was denied by the
1 following roll-call vote:
Apes-Mi: Petrie, i\Irs. Johlisen, Dr. Lally, I\Irs. Light, 1\Ir. Meierdierks,Mr. Pasnick, Mr. Whiston, Miss Taggart-8. Nays-None.
Appointment of Physicians
Applications for disability pensions were submitted with the recommendationthat physicians be appointed for the examination of the applicants.
On motion by Mrs. Johnson, seconded by Mr. Meierdierks, the appointment ofthe physicians, listed below, was authorized.
Claresa F. M. Armstrong, M.D., 720 S. Wolcott Ave., ChicagoVirginia Tarlow, M.D.,670 N. Michigan Ave., ChicagoC'.h:zi·les B. Congdon, 11.D., 6 N. Michigan Ave., Chicago
To examine: Elizabeth A. Fitzgerald, Waller High School
J. J, 1\IcLaughlin, M.D., 8501 S. Cottage Grove Ave., ChicagoVirginia Tai·low, M.D., 670 N. Michigan Ave., ChicagoCharles H. Congdon, I\I.D., 6 N. Michigan Ave., Chicago
To examine: Bernice Mahoney, Hyde Park High School
Louis; N. Giannasi, ALD; 5108 Oakton St., Skokir, Ill.J. J. Mussil, M.D.,4948 Dempster St., Skokie, Ill.Eclwin S. Sinaiko, M.D., 10,1 S. Michigan Ave., Chicago
To examine: Genevieve B. Molir, Oriole Park School
Cancellation of PensionsThe Committee on Annuities and Credentials reported that the followingpensioners have been re-employed as teachers by the Chicago Board ofEducation, Therefore, pursuant to the law, the committee recommended thatpensions of the persons, hereinafter listed, be cancelled as of the effectivedate of re-employment.
November 15 248 1953
Cancellation of Pensions (continued)
TRie of lEzlie (if I )zateName Pen,1 i OIl I'ciaN ici n Ile-Clial,loyed
Cross, Kathryn M. . Service. ..$950.08... .10/16/57Gustrivson, Marth:i E. ..Service.. 2,·ITG.OS. .. 9/ 2/57Hall, Estelle W. ..... .Spi·vice.... <,71.OS... 9/ 3/57Kuebler, Elizabeth . .Service. .. 2.·125.0 8. .. 9/16/57Lee, Glenn A. ........ ...S,·t·vice. 9/16/571[oynihan. Elin C. ..... ..Set·vice.... ~." fiST.So 9/16/57Schmitt, Clara ............Service. 2 268.00. . f)/ 2/57
On motion by i\Irs. Johnson, seconded by lIz. Meierdierks, pensions for per-sons, listed above, were ordered cancelled on the clates indicated by thefollowing roll-call vote:
Ayes-Mr. Petrie, Mrs. Light, Mrs. Johlisen, Dr. Lally, Mr. Meierdierks,Mr. Pasnick, Mr. Whiston, 1\Iiss Taggart-8. Nays-Notie.
Outside Time and Military ServiceThe Committee on Annuities and Crecientials reported that aindavits, or otherevidence, attesting to or certifying (1) service in the public schools of theseveral states or in schools operated by or under the auspices of the UnitedStates outside of the City of Chicago; (2) time spent in the military serviceof the United States during the pension period ; (3) employment as a civilservice librarian in the Chicago Public Schools or the City of Chicago; (4)service as a playground or reel·eational instructor for the City of Chicagoor the Chicago Park District; and (5) employment by the Chicago Board ofEducation as a school clerk are hereby presented for the persons hereinafterlisted with the recommendation that they be approved ; provided tthat in thecase of outside teaching service no more than 10 years be credited and alsothat the last three-fifths of the term of service for which an annuity isgranted shall be in the public schools of the city.
Service Ser, ire Crt.(lit,4Xnnir uf Member Sc• hoo] (Ile.cription) (YrM. 11Ii,4. 1,1134)
Teciehing S,·rrice in Iillitic Schools or Under Ailspices of tiw U.S.Anderson, Betty L, ..······· 8111,stitute .. .......Touching 1-0-01)Hakeman, C. Vincent........ Sub.Mtitrite .. .... ..·1't·,t,·lling 1-0-0,)('ampbell, John A. .... ..Calumet nigh .......72·:·tchillg 4-()-06CaHey. Carolvit M. ...······· >41:bstitilt 15 ........... 'r,·:whinir 1-0-0010'10(,cl, Joliti ... ~ir:|shl)11!·11<, '1'I.'(i„ . .'1'•·:t,·11 111;. 0-9-01
1-(1-0.Grogan, M. Lucille ..... ·· imr. Te,1. 1-'i·r:·:1,11*·1. .i,·:whillg 1-"-0"Kirksry, (-)1:, 11. Jir. ..... ··><1:b,{tittlte .. ..··....'IN·:,c'lling 3-1-()1)
n·:ine Ifigh ....... .7*,·:ic·hirixKnyd*·I·, 1·.lizabeth 11 ...·····111*·1·icanizaticm ,,,.-. re:li.·hing 8-:;-15Woodlen Louise E. ......... philliI)4 17;lenient:iry .'i;>,lching 2-1-15
Military Si·rrici' 4,1 the United S,(11,· sCharries. Alvin 1,1 .......... Harrison I·Iigh....... ~lilit:try -4-00Ifi'etz, Ivilliarn 1,21·i~ricis .....!Irss ......··········· itilit:try 2-0-00,Nicol. ]·'dward M. ....,..... 1,arker ]Clenlentary ... Military 1-7-00Sefeheck, Richard M. ......, c'le,·eland ·········... I\Iilitary 2-5-10Stalil, Donald IC. .,.~,~,.. Murphi 11ill/:1/·/· 1-9-10
-1-'*....
November 15 2·19 1957
Employment in Other (.'hicago Cort.rnmental UnitsBoyd, Elizaheth .. .........(;:ile .................School Clerk ..... 4-2-05Carpenter, Theres,a .........Sullivan ]Ii:rh ........ St·hool Clerk ..... 1-1-05Czerwionk: 1, Fred G. ........ k:iverswood .. ..... 1 '1.n·;rround Instr. 1-0-00Flaherty, Ali,·t· 1,er ......... H:ile .................School Clork ..... 1-0-10Hawley. 71:11·z· S. ........... Hitch ................ School Clerk ..... 0-8-00JoY. Grace A. .............. }C„glewood Iligh ..... Recreational Inst. 2-0-00O'Mallry, Cath,·rim· P. ..,...Gi,·:ham ............. School Clerk ........ 2-6-10Itesk, Ar,irgar,·t M. ......... C'lissold ... ......... School Clerk ..... 6-2-02Weinsheimer, Linda II. .... Gorthr ............... I'layground Instr. 1-2-15Williams, W. Gloria ........ Brownell ,........, . Libral·ian ..... 2-2-001On motion hy i\Irs. Johnson, seconded by Mr. Meierclierks, the outside timeand military service for the persons listed were approved by the following1·011-call vote :
Ayes-Mr. Petrie, Airs. Light, Mrs, Johnsen, Dr. Lally, Mr. Meierdierks,Mr. Pasnick, Mr. Whiston, Miss Taggart-8. Nays-None.
MISCELLANEOUS BUSINESSA Request From the City Treasurer
The trustees considered a request from AIr. Sidney Deutsch, Treasurer ofthe City of Chicago, that the trustees employ a person at $325.00 a monthto service the Fund's securities in his custody. On motion by Mr. Whiston,this matter was referred to the Committee on Finance for study and report.The motion was seconded by Air. Mcierdierks ami approved unanimously.
ADJOURNMENTOn motion by Mr. Whiston, seconded by Mr. Pasnick, the meeting adjournedto convene at the call of the Secretary.
6*LS.\%36=Recording Secretary.
January l: 231 1958
REPORT OF THE PROCEEDINGS1
OF THE
Board of Trustees
| OF THE
Public School Teachers' Pension and
1... Retirement Fund of Chicago
Regular Meeting-Official Report
Friday, January 17, 1958
A regular meeting of the Board of Trustees of the Public School Teachers'Pension and Retirement Fund of Chicago was held Friday, January 17,1958.
The President, Mr. Petrie, called the meeting to order at 2:00 P.M.
ROLL CALLMembers Present: Mr. Petrie, Mrs, Johnson, Mr. Meierdierks, Miss Taggart,Mrs. Light-5.Menil,ers Absent: Dr. I.:illy, Mi·. Caples, Mi: Pasnick, Mr. Whiston-4.f /' r. /'" llil : i, 7,*;,1 ,· f „.,ix ,/ ue ti, illi ,¢' Mv . . 1 lix ¢' izi ·¢- 4 4 f .11 4 'M . r. r . ¢ ' 41 /,/ f ' N , 1 '¢18 ;/ i ,· k f/)/ fi WhiN fo , 1ircrr din fi, fhr ni'<·,·..in, c,f brinu Wif i,J ('hien!/f, „)1 huNint'.M.)
APPROVAL OF MINUTESOn motion by i\Irs. Light, seconcled hy Miss Taggart, the minutes of theregillar meeting of Noveniber 15, 1957 wore approved as printed and theprinted minutes for the regular meeting of January 18, 1957 were correctedon page 153 to change the refund of accumulated contributions on death ofFrances 12. Dumie from $1,699.GO to $1,563.60.
January 17 232 1938
REPORT OF FINANCIAL SECRETARYFinancial Statement
September 1, 1957 through December 31, 1957IN,14>cr,!]CA'I' ACCO[-I'l'
In,·eNtmentM, Met)tentlier 1,11)57 lit I'nr 1 :alurBonds of the United St:iles :ind (,f tile
state of Illinois and its sul}divisions:. ..... ..$21),634.747.6.1Corporate* bonds .......................... .. x,690,000.00Chicago 130:ird of ledlle·,ltion fi';
tax unticipation Wart.ints ............. 100.00Total ...... $38.52.1,5 iT.5.1
Add total invested....... 1.100,(100.1111Deduet bonds matured. 15().fu)11.00~ni·(Mtment,4, Deren,lier 31, 195; Iii I':Ir J [1 11,e
Bonds of the United States and of thestate of Illinois and its subdivisirm,4.... ::0,101,7.17.5.1
Corporate bonds ....................... ,1.0!10,000.00Chicago Board of }education 60
tax anticipation warrants. 1 (,0.00
TOT.11. 1 NVE>TMENT>4. 1)1:('EMBER 31.1:1.-,7 .. $3!1,27·I,X·17.3,1
]{IWEIVT>< AND DISHI-I{MENEXTA
Cnmh RnIance. 4(·ptenilier 1.10;7Cash-City 12,900.08Cash-Contingent fund ........................... 3,520.55 1/'.~,1/'i:;
It!:(*l·:11"l'f
Inve*tment IncomeInterest coupons preflented for Payment. .... 2 1 1.3.1 fi .,1 KInterest income on temi)or:Lry ilivestmelltA..... 21.1,25.11
'I'nx Co] lec·lic),1,4 lic.,nitic·,1 14, th,• 1•'tindLevy for ]'150 :ind prifil.... ······Levy for 1951 1 4), ,) A .1. d l- In. I I
Levy for 1956 2,71iX. 171.5:2 2,XII, 127.57C'(intriblition,4 Iry Particip:In¢M C K:,]111·y Ded,14·fic)11,0
Regular teachers 2,142,131.75Substitute teachers . 197.691.00Of!ice employees ......··························· 2,1·11.81 2.:512.21;1.54
C RN]i PnymentM to Firild ])y Iiarticit)1%11(MChicago te:tchinK Hervice. .......... ·· · ·· fiS,·110.99Other Chi,·ago sen·ice :ind outside tlint·. 16,274.82Intereft .........····· 12::.1)<1.1:1
11¢)11(b¢ Redremed 2,1 inr 1-:11 tte. .· ···· 15(1.(,AA.4(1
1-· 0. '1'renwilry nit IM Ite,Irenard lit C:„Mt . 065.grl.56M i p¢ (, r l I n 11 1 4 ) 11,4
Unclatmed checks cancelled.....·············..... 1.·102.98RP|lill)]I'+4·nient frit· 11112:11·11~'¢1 p,·Ilsion 1):iymi·rit. .... :).00 1.111.,S
TOTAT, RECHIPT>< HEI'TEWHICH I '1'11 Ill 111:('1·:1118.][ 31, 19:,7. .,4.. -,1 -I
'1'(;TAL RK<'1611'TS .\XI) 13}.GINXIX(; 11.\!.ANCE. s 9,37.1.962.·11
D 1 41 1117134]'. 71!:X TA
R e f ti n «] M o f ~bl e 1111 ) e r M' ( *(i n t r i l i li t i O n M . (l i l e (,)ReMignation of trachem ········ '$ 10:; 3.12.6:;Changes iIi rat,: of contriblition ;Al.77Servic·e in ,·xerjts; c,f ·15 rear<· ·· ····· ···· ········ ·· 1,1 1 S.!1(;It,·tii'(*ment of inale trachers not entitled to wid(, r 's
anniii tv ······ ·- .. 1,631.50Time noi (·reclitable for J)£·1141()11 ..... ..... 450.00 $ 110.121.06
Januaiy l; 253 1933
Financial Statement DISIEUR MIC MIC )' 1' S ( ri,ntintied )
Pen#don : nci Ilritellt l'i,yment M
Service n·tirement ......... .32,9SO,S·10.52Disability ..............····· . 52.!K;6.21,/Vid.#·s' ............ ... 14,(115.5(1lt,·Ve! sionary ......····· .. 11·16.57
Add Ialite Cross-Blue Shirld premiums3.050,96%.SS
7,&.2,56.10
Decluet Blue Cross-niue Shield pre-miums withheld.... 73,2#.00 $3,030,986.19
Refund> of contributions..........,... 72,757.04Single-sum benefits on death in service. 45,250.00Single-suin bent·fits ($500) on drath of
pellsioners.......................... 4,000.00 122.007.04 $ 3,172.993.22
Adminip¢trittive F.xiii•!,MeSalary expen:e:
221 -A)4. 16Net :3:it:tries paid.Contributions for Den>4ions. ........ 2,141.81111111, Cross-Illue Shield premillin.
withheld .................. .··· 352.·10Income tax withheld .. ........... 5,11S.10
31,121.77Employer's share of Illili, Cross
premiums ..................... 51.00 31.172.77
Profes,sional services:Ac:tunrial-A. A. Weinbel·g (7/1/57-
12/31/57) ........··············· 2.500.00Le#ral-Kirkland, Fleming, Green,
Martin & Ellis (3/1 S/57-6/1 9/57) . 1,250.007/:dical ................ ......... 213.00 3.963.0"
01!lce facilities:Rent-4 months 1,7.15.·10Electricity .. 25').·11
. 1 .i I ,,Telephone ...... 127.30 -...,-I'.
Tabulating service:Trachers' contriblition crt·ellis hy
Board of Education . 4,1155.59Actual·inl statixtics Zind inszli.irice
725.35!ISO.02
Financial statistics ,. ,.,.,...,.. 121,8501!lre adnlinistr:ition ..........,... 30·1.10Eleetion exponse ................. 168.hO 7.256.01
Oflic·,· expense, eq Ilipment, t'te. :11,·nsion checks and income tax
formi . 5!,5.SO01!lee supplies ·ISO.32.\ir Conditioning units (6) ......... 2,704.00>5,·rvices of ])1111711,M·s, electrician:,carpenten. and 1}:linters for in-51:111:ilion of air conditioningr .. 54 7.::1IRM rlertric' typrwriter ······· ... 475.,8Filing cahim·tv :rml Allides (2).....Chnir l),isr :ind (asters. ... ..... 27.1/0I.()Mt:lue 1.3MS:;Cost of bon,1 an,1 interest (7 Illection , 1.1 ,Mist·ellaneous oflier c.x I)(,ns,·.,..... 74.114 6,5:;5.52
printing:0111(ce fornix nrid c:zil)1)lic.... 2,128.27Manual of information.....,. 2,197.55IC]ection materi:11 ........ 1.1,/".57Proceedings .... 822.50Text ofthe MW. ... ......... 01 3.001,11]letins ................ 751.13 S.512.*5
January 17 22 1938
Financial Statement DISIH - llAI '. MEN ' l '% 6 · ont iiilled )
Misc(·11:ineous ext)en'i·S:Professional association (·XI-),·nv·...$ 30.,10Trustees' expense ..........·····.. 30.401':lection expense (c,lin·,LK:ing board
expenses, Cart:,tre, etc.) ...... .. 13·1.·13 5 1 95.:;3 $ 5,/,71;7.59
Trirmir:try In,·C:t„,4.Ilt.
U. S. Curtificates of Iticit·l,t,~dne..3.... :;(10.0110.00Less discount !,3.75
/1111·chas (· price . 299,906.25Aecrued interest p:iici. 1.826.09 ;01,732.3·1
U. H. Treasitry l;ills I)urchased .it co>t. ·1,·150,7TS.95 1,7,52,911.2.1
Long-term lin'CK¢me]11,4Bonds purchased <par v:ilie). 1.100.000.00I.wss disc mint ... ...... ... 1-1.1 Al.71
Pur,·hase price ... 1,085,018.20Accrued intel·est D.Lid. ... 3,151.:;8 1,0SS,969.,;.1
TOTAT, DISHI·lts]·.,11-:NTS. >41:1 'T!:\11;Elt 1 '1']IRI- DE('1:Mlit·m .31, 11)17. $ 9,18·1,666.60
('11/11 ]11]11/,re, Decrinlier 31.11)57(':ish-City '1'14·asur,·1· ....... 1,0.5.695.66Cash-Contingent fund .... 1,6!10.15 $ 11,0,255.Sl
nospectfuill>· illl)mitted,
(,1:01:(;IC 0. 71-ICIICI:T-)1!:I:KS,I·.in:incial Secretary.
On motion by Mr. Meierdierks, secon(led hy Miss Taggart, the four-nionthstatement of the Financial Secretary for the period from September 1,1957through December 31, 1957 was approved and ordered printed iii the proceed-ings of this meeting.
Tax Levy for the Fund
The Financial Secretary presented Report No. (;5296-C of the Chicago Boardof Education which certifies the amounts and purposes for which a schooltax is required in 1958. Inclucled therein is the sum of $9,568,000.00 for thepurpose of provicnng revenue for the Pulilic School Trachers' Pension andRetirement Fund. The Board of Education ordered th:it a formal demandand direction be niacle upon the City Council of the City of Chicago to levythe aforesaid tax, and also th:it the President and Secretary of the Board ofEducation he authorized and directed to present and file a certified copy ofthe resolution with the City Council of the City of Chicago.
On motion by Mr. Meierdierks, Seconded hy Mrs. Light, this report wasaccepted and a copy of the Board of F.clueation's resolution was ordered filedwith the clocuments for this ineeting.
235 1958Januar> 17
REPORT OF COMMITTEE ON FINANCE
Reimbursement of Contingent Account
The Committee on Finance roported that receipted hills, cancelled checks, bankstatements, and other supporting (locuments covering expenditures for the
period from November 1.1, 11)57 through January 10, 1!)58, inclusive, and
totaling $998.66 were audited.
| The committee found that expenditures had been nia(le properly and recom-
niended that this account be reimbursed in the aforesaid ainount.1
BillsThe following bills were presented with the recommendation that they beapproved and paid.
lilli. ttliti,)Ihern11/29/57 Oilice supplies
C)mee xupplies .. 46.20 $ 84.99
C'llien,fo 0111('4• Fitrilititre Cotnimily:
12/27/57 Spec'ial typewriter stand..... -15.·IS
H:n·ex St:itivtic:,1 Ker,·ire, Ine.:
11/26/57 Actual-i,11 :tati:tics and insurance reports. 1,414.25'/1/1 pension p.iyroll Clurn,res in Noveniber :iii(1
12/:20/67 1)0('(·1111„·1· anti inc·oine tax list............. 205.65Te:„41,·rv' contrilmtion credits hy 130:lid of "ell-
1':(1,1,·:,ti(,1, .........Oilic,· :ilministration . ....... 13.20 2,031.23
1,1(('rl,;illim:11 lilIMille,4* 11:14•11|114'M <'1}rl,(,ruti(,It:
12/20/67 1.1,·c'tric· typewritel· 111:,intenance12/15/57 thiouhh 12/31/58........ 41.16
Mnr,4]1Zlll-J:1('I,MOIt COmlinny:
11/12/57 Slort slot·:iKe cal,inets ami installation...... 120.'15Cl·edit a/,· return of ,·11:111' Im>·C· and <:isters. -27.14) :13.05
G. A. 11 11 ,·crn & Co.:1/16/LS Insuratier er,Vol·ing T\'(,1·kni,m': Compens:ltion
and eniployer's li:11,ility....... 100.00
'fecurgitick niul ]render,«in, Inc.:11/ "'- Printed forms and supplies......... 456.73
t. Sept.·1111)(·i· 1·4·Imrt of lic,ard of '1'1·zist,-·r:735.00 1,191.35'4 a/,i, prot·('i,clin MS .............. .....
1'],3-Ate/:,Ii':1 1/26/57 Iii·gini:L i.ki·low, 11.1)., ICx:linination i) f 13,·rilice Mah(,tic,y 25.0012/14/67 Virginia Tarlow, JI.1).. 1Cxamination (if
DMiznbeth A.FRAmndd 25.0011/:10/57 .T. J. 11,issil, 11.11., 1'~x:inlimition of Gene.vieve B. Mohr.... 7.5012/ 3/57 1·.clwin S. Hin:iiko, M.D., 1,:xamination of
G eller· irve B. Mohr...... 25.00
l'itii€.3--17(iii·e., lIne.:06.001 -/ b / 1} 4 l'wtage meter rental 12/1/57 through 2/28/58.....
1I 114,11,1 i,gton R :ind :
12/ 4/57 Adding machine m:linten:ince 12/5/57 to 12/5/5$. ./.-
January 17 256 1958
Bills (confinued)
Specint Ser¥leeM:12/18/57 Kirkland, Fleming. Green, Martin & Ellis
(Legal services from 9/18/57 to 12/l S/57)... 1,250.00
54,999.12
On motion by Miss Taggart, seconded by lIrs. Johnsen, the foregoing reportsand i·ecommendations of the committee were approved. Reimbursement ofthe contingent account and payment of bills, listed above, were authorizedby the following roll-call vote:Ayes-Mr. Petrie, Mrs. Johnsen, Mr. Meierdierks, Miss Taggart, Mrs.Light--5. Nays-None.
Refunds and Death BenefitsThe Committee on Finance reported that documents pertaining to claims forrefunds and death benefits for persons listed herewith were examined andverified. Applications for refunds a/c resignation were made by persons whoare no longer employed as teachers by the Board of Education. Applicationfor refund of contributions for widow's pension was made by a male teacherwho was unmarried at the time of his retirement, Claems for refunds ofcontributions and for benefits payable on death of teachers and pensionerswere determined after certifying dates of death and establishing properevidence for each beneficiary, administrator or executor. The committeerecommended, therefore, that refunds and death benefits be granted forPersons listed herewith in the amounts specified.
The committee reported further that other refunds to contributors, listedherein, were paid at the time reports on audits of such contributors' accountswere submitted. All such refunds were due to changes in rates of contribu-tions for creditable service or to other required adjustments in the applicationof automatic increases in rates of contributions by the Board of Education.It was recommended that the payment of these refunds be confirmed andapproved.
I:eftill,IM n/4. 114.~im„:ation (,f Regitinrly Employed ~~erinlier#,:
.\1)(·Ison, Lo,]ise ...... . $ 4 89.00Anderson, Kntharrn . ·· 1.50Arainian, Alice . 615.00Con:int, Clithleen ...... ·· 630.54C r, r.Erlichman, Audrey S.Finn, Annn S. . 45.00Flnrifig:in, Ric hard E. 326.32Frir·dheim, Jack E. .. .91Fic,odinan, II>·m:in ···· 573.4.1Harkenrldrr, Aline C.Horilihan, irelen E. - . 882.89Kirinheinz, Jane 361.50Lubliner, Lorraine . .. 960.75Nywron, Elizabeth J, . 501.00Pasik. Vir;:inin D. 500.41;Perl,ohner, Thelma ... 2R1.50Spiro, Rette Ann ..···· 303.noStein, Natalie D. . 6%5.10Wallace, Claudia H, . · ... 1,156.56
.,January 1, -
1958
Refunds and Death Benefts (continucd)
Refuncl,4 n/c lt€·Mignattion of ItcK,11:irly 1·'11,1,1„yed 7!en,lierM: (c·(inti,iricd)·'31.30
-Werch, (,rnce K. . 26·1.75Wolff, Ar·h·ne G.Tam.Nwhi, Kimii... ..... GOT.·10
146.21) $11.:6';2.10Zitzewitz, Gail ...
Irefir„dv 11/0 04't„,ration front Kervice of Mul,Mlitille~ or 'I'rinvoritrily 14.,ial,loyed '1'en:]irri:
.\Hthony, ]:11·11· .. ....... ........ 563.·19]A·n,ler. Judith ....... 2 1.1)11lioncli, Ron:il,1 1:. 2X.1t11:ihlher#r. .lanw>4 11 64.;11
15,1.1/117 2.0(1Doti-, Diall:t 1)........ .. .............
Gi·ri· Verline C...................... ..... 24.1.00Ir:imilton, Dona 1,. ............... ...... 252.00Hicks, Sarahell .......................... 216.00Itille, .Toh:in K. ........................... 150.00
, 1/illenlrunr, -\1·nold .\. ... ..... ......120.M
Murphy. AL,1 :100.(1,1X,·15011, Don:17(1 W. ...... .............. 578.·11:<,(11·ignez, David E. 5'0.00Schii Fttre, IT„!11·ietta J. . . 30.00Smith, Margaret M 1 08."0Knd,·ika. D:,lin M. .. ..... ...... 96, 00
102.00SI,irc, Chal·lotto M. ......................721.00
Wetherell, GY·nee ......................... 1 S R.25 2,<51.67
Refund Of Contrilintion. f«ir 1Vid«iii·'M PeliNionto lier.v„n Not E:atitled 10 0,irh lienellt:
Sansone, 1-,r,hort ............,...,, 350.7 6 350.76
Refilia'14 (,f Accul,Illinted Contrililitionv (in Denth:. 0-0 n-Hi,!· Mei·. I ·. thel ((; r' i · t rude Herner . brnrn ,· i( i ,- ~,) ....
Calvert . 1 ·': thrr TI . ( 12 (11, crt M . Ctilrri·t . M . D .. benrticial-11 ) 5 , 2KS . 2 %Grnte, 71:11·i,· (C'/tark< //. (71·otr, brnetirim·,/) ........... 3~·1·10.50Johnson , S :,(lip 0 . ( 1. d ?11 . 1 . . 7 (, 1 , 71 wit (1 ,1 < 1 1 ·' Rtlirr IC .
. Foli }, Rf),1 , 1 ,(·) 11 · 111 · ittlit ·f ) .... 3 12 . 21 •KINFHer, Blanche M. (Elsic .1/, Ki-t,cqr,·, lir,Irticin;-1/) ... 376.61•7 !: u· Donal ( l , Dil ) or ;th ((11 ,·istilir (7 . 3fit<· 1) onab!, licir ). . 8 , 174 . 50MeArdle , Elizal ) rth A . ( 1) 01·otl, 11 M . ThorRrn . benelicia ,·11 ) 3 , 219 . 23itilry, Eliz:il,eth P. (7'hoii, ris F. Rile,1. 1;r,Ir/lciai'I/)···· 3,44.'.u-Sherbalin , Holon ./. ( 1: i, lic}- 1 ('/1 , 1 , 4 ·. 41„' i·/„ ihit .
9 4.---hcurAGUI , 1,) ···· .......... .. .,e . 1.43Hilllivan, Anna Ii. (.lf,ir,J,in 7'lionms ,fi/llit·(111, licitrtic·irri/) 76.00 26,9nS.91
..1"it" i/,1 " f
st„irte l':13·1:Brit liel:ent (in I}ent 11 of TencherM:1301 - irer , Ethel ( Ge ,-trudi' Rers,fr. licir )................ 2, 600000 : ilr· ort . 1Btliri · TL ( 11 () 1 „ 1 ·t M . Call· crt , M . D.. bendicill ,·11 ) 2 . 500 . 00Grote , Marie (Clian ·lca Ir . (11·(, te , brnelleirtrw )··········· 2 , 500 . noM , wl ).n : ild . 1 irl )( irah ((' 1 „· i .Rrinc G . 31 < tcri „ iial, 1 , lifir).. 2 , 500 . 00Mi ' Al ·(lle . 7 'Cliz : 11 } rtli A . ( florot 10, M . '1'11 ,) rarn ,
Ii ,lminiatritt ,Ar ) .... I 2,500.01)Hiley , 1 , liz :, 1 , 1 · th 1 '. ( 7 'honing 1.'. 7; ilc · t /· lienrAciart/)..... 2 , 500 . 00Sh , 1· 1 ):Ilin , Helen .T . ( A'„ lic ,· t Ch (iric„ Shri ·linlin .
bcurfirinril ).... 2 . 500 . 00 17 , 500 , 00
5.Ingle 7'lly,ilent Ile,lent mt ne:i¢,1 i,f 'I'«.21,·her--1'ei,Micinerv:Honke . Frank X . ( 73' h' ie N . // rnA· r . tictic ' Bcinri/)..... .. 500 . 0011(,lnies, C':itlie!·ine E. (/flm .1/,1,·1% Dne and .1,111(1 1/.
Hourns . 14')24 (' iflrirs ) . .. I ..······· 500 . 00. johnson . Sarlie 0 . ( L' d nfl . 1 . Jolinson and Esther E .
.Tollizaon . britrficifirirR ) .. I . I .. 500 . noVenting, }If · nry M. ( Annc C. Kenting , benelicinrit ) ..... 500 . 00Trrtirger , Blanche M . ( 161,fic .lf . X7·, frfler, beneflcinrit ),.- 500 . 00Peterson , Clarence W . ( Grace R. Petc )·8071 , Jean P . Smith
and ./(inet P. ARm(171, be,IC/;Ciaric#0. ···········-····· 500.00 3,000.00
January 17 258 1958
Refunds and Death Benefits ( continued )
Irefund of Contrilintion M for 4er,·ice in /:/ce,M of -15 Year.4in the :imi,unt .1111)|teal)!c• :1,4 Zin 01'Met bi (lit• 1)(·tic·iric·i· fu,rMer,-ice Prfor to July 1931:
Carr, 1·,thel M. .......... 309.00 309.00
Ilefurnd,4 11/C .idj „Mtment,4 in ItateM of Contrilit,tionx:
Hinvard, Ilolorest V................ .... 107.·12.T:ikus, Li·~,na P............... 72.00Zigere]1, Rosamond C.........................~.~.. SO.00 25,1.42
563,5.11.,9
On motion by Miss Taggart, seconded by Mrs. Johnsen, the foregoing reportsand recommendations of the committee were approved. Expenditures for thepayment of refunds and death benefits were authorized and confirmed foreach account shown above by the following roll-call vote:
Ayes-JIr. Petrie, 1\Irs. Johnson, Mr. Meierdierks, Miss Taggart, lIrs,Light-5. Nays-None.
Duplicate Warrant
The Committee on Finance reported that the person named below requesteda duplicate warrant in lieu of the following described clieck which was re-ceived and lost. An aflidavit certifying this loss and indemnifying the Fundagainst any liability, damage or expense which may result by reason ofissuing such duplicate warrant was duly filed. Therefore, the committeerecommended that a warrant be issued to the person named below in theamount indicated.
Anme Amount Number Di,te 1.Iii·/*leMeT.auglilin. Frances C.. .$100.00 39230& 11/30/57 Pension I):13·Inent
On motion by Miss Taggart, seconded by JIrs. Johnson, the recommenclationof the committee was approved and the warrant was ordered drawn hy thefc,Ilowing roll-call vote:
A yes-Air. Petrie, Mrs. Johnson, AIr. Meirrdierks, Miss Taggart, Mrs.Light-5. Nays-None.
Purchase of Bonds Confirmed
In accordance with the advice of Standard & Poor's Corporation, investmentcounsel, and in a mail vote prior to the date of this meeting, the Committeeon Finance reported tthat the following securities were approved on the yieldbasis noted plus accrued interest. The committee recommended that the
1
Janu:, r. 17 259 1958
1Purchase of Bonds Confirmed c,·onti„„c,f,
purchase of these securities be confirmed and that the bonds be registeredin the name of the Fund.
A „",unt I)(•Meription of Ilind. Date Di,te or 'ro(par Vialne) N:,ine of Firin I.'Mil Nl M„(11/it.- ¥trid
It ci i 1 r o a d s1, $too,000 14:iltimore & Ohio Railroad Company 12/1/57 12/1/619 1.25.:
1 5'; 15'cluipment Trust Certificates,SerieR JJ
II,ilm·y, Stuart & Co., Inc.
100,BOO Illinois Central Raili·oad Company 1/1/SS 7/1/TO 4.40%·Hi '; Ertiill'merit Trilst Certificates,Serh: 15
Salomon Bros. & Hutzler
100 , 111 )') Wal ). 1 : h 1 : wh· oad Comi ):in· ·Hi ,4 10/ 1 / 51 10 / 1 / 64 1 . 35 ' DEquumlent Trust (;7·titleates,Heri:' I
S:l|Ornon 131·03. & Hutzler
PubNe 14 ilitic:
300,000 Commotiwealth Edison Compiltly :1%0 1/1/58 1/1/2OOS 3.530;Hinking 1•'und Debelitill es;
It:,con, Whipple & Co.; Fit·st Boston Corp.1fortiblowet· & Weeks: Jilion Collins & Co.1·'. S. Moseley & Co.; Re>·nolds & Co.I·':I:linan Dillon, Union Securitic, & Co.
On motion by Miss Taggart, seconded by Mrs. Johnson, the above transactionswei·e approved and confirmed by the following roll-call Vote:
Ayes-Mr. Petrie, Mrs. Johnson, Mr. Meierclierks, Miss Taggart, Mrs.Light-5. Nays-None.
Clerical Salary Schedule
Iii accordance with the action of the Board of Education for its oflice eni-ployees, the Committee on Finance recommeticled that the Janzi:try 1, 1956clerical salary scheclitle for penfion oillee rtill ) 1 (, ries (shot (· 11 O ) 1 1 ,( Ig {. 54 Of
the 1,)'i,zted report of 1)roiccdhigs for the mciti)14 of the r;(,(trd of T,·ttatrisn,1 .1,1,114((rv 20, 1.9,96) be revised by increasing the atnounts for each ye:~rlylevel ami in each salary group by $15.00 per month. effective January 1. 1958.
011 motion hy Miss Taggart, seconded by 1\Irs. Johnsen, the recommendationof the committee was approved by the following roll-call vote:
Aves-Mr. Petrie, JIrs. Johnson, Mi'. Meierdierks, Miss Taggart, Mrs.Light-5. Nays-None.
January 17 260 19:8
Salary Schedule for Executive SecretaryMiss Helen Taggart, Chairman of the Committee on Finance, presented thefollowing report:
1. The salary schedule adopted in 1955, and still in effect for th,·Exectitive Secretary of the Public School Teac·hers' Pension :indRetirement Funcl of Chic:lgo, was based on the 120:11·d of ]*121-cation salary schodule for the three Categorie, rif I)irectorM „fBure:Lus and Divisions. In 1~56, the Board of 1Cducation ilicre:,St·,1subst:intiall>· the directors' Malary schedule and :idded one moi·,st,·p to the third category. Agnin for 1958, the directors' :4:11:lry:chedule was revise·d and a first category was included for:ls:i.:t-ant dir·,·c·tor:. The clit·ertor,4 wi·re then :11:wed in the >;·comithrough fourth.
2. Since the Committee 011 Finance of the Perlsion 1]0:ird in 1!155believed that the deniands of the office of Executive Secretar>were as gri·at as that of a directorate in the highest Category,the Present Committee on Finance, after clue consicleration,recommends:
a. Th:,t the :imounts in the salary schedule of the Executiv,·Recretary effective January l, 1955, be the same as thr)Me inthe sal:lry schedule of the directors in the second thi·(,11:.rhfourth catemories ag set up in the 1958 budget of the Boardof Education, i.0.:
Sz,!ziry Ke],r,Ii,Ic fir I,xecith·e Sceretnry
1st year .....$ 950.00 per month.. ......$11,400.00 INT j·e:ll·2,1,1 ve:ir ..... 975.00 per inontli........ 11,700.00 IN·I· year31·d year ... 1,000.00 per month. 12,000.00 per yeal·ith year ..... 1,050.00 per month.,...... 12,600.001)"ryearSth year ..... 1,075.00 1,er month. 12.900.OO Pei· yearGth >·ear ..... 1,100.00 per month..,.,... 13,200.00 per ,·ear7th year ..,.. 1,150.00 permonth....... 13,SOO.00 per )·entSth year ..... 1,175.00 1-)Or month........ 14.100.00 per yral·9th year ..... 1,200.00 permonth........ 14,400.00 per>-ear
b. That in the future, if and whrn the 13oard of ]Ccli:cati~,nchanges the directors' Balary scliedule, the Executive Sc,c-ret:lry's gillar>· schedule shoilld be changed to col·restionil,
c. Thlit the Executive Secretary be flaced on the 7th stel, ofthe revised schedule.
On motion by Miss Taggart, seconded by Mrs. Johnsen, the recommendations,Presented above, were approved by the following roll-call vote:Ayes-Mr. Petrie, Mrs, Johnsen, Mr. Meierdierks, Miss Taggart, Mrs.Light-5, Nays-None.
REPORT OF COMMITTEE ON ANNUITIESAND CREDENTIALS
PensionsThe Committee on Annuities and Credentials reported that applications forpensions were presented for persons, hereinafter listed, with the recommenda-tion that the pensions be approved ami granted in the aniounts and linderthe conditions set forth herewith. In the case of each api)licant for serviceretirement pension, the employment of the teachor }lael terminated oflicially,the legally prescribed minimum years of teaching sol·vice were completed, and
Janimr,· 1 7 261 1938
Pensions (confinucd)
requirements with respect to age (if applicable) were fulfilled. Each ap-plicant for widow's pension furnished proper evidence of her right to receivesuch benefit.
Member'H School Service To AnnunIor lrM. Dnte 1,en,41(In
N.(>. 1-zinic· of 7Ien:/,er Flember'M Strlt,IM MoN. DnyM From itnk
Optional Sc,rrier 12<,tirement I'<,t~sicm s9573 Cat·lson, Agnes G......Morrill ............12-0-10 12/21/57 33,722.64
9571 Casey, Mary P. .......Thomas ..........33-7-00 11/22/57 2,8.17.00
9575 Cumin, Mary M .....Peterson ........33-4-00 10/22/57 2,952.96
1 9576 Davis, Ne'·rl S.........Gage Park High..SS-6-00 12/30/57 :;,052.SO
4577 Egi·lancl, Mar·thn M. .. 130319 ............ 30-9-10 11/30/57 2,5·13.40
I 6406 Fugate. Mai·;r:tret M. .Mason 37-7-00 12/21/57 n,:162.0.1
957+ c-;iltner, Givenclob·Ii ...Sc,ilth Shore High.25-S-Of) S/19/57 2.302.32
9579 (-,unn. 1·I,irn·ry H. .....iraishall High ....33-2-10 12/ 3/57 2.632.52
95%0 Moran, France: R. ....Forestville .......33-2-00 10/25/57 2,912.04
95S1 O'Day, Helen A. ......1-IarriMon High ...35-0-10 10/25/57 3,145.56
95Se Pickett, Cecilia M. . X. Thorr...... .10-9-00 11/12/57 3.605.52
9553 Shannon, Lorette M. ..Sa>·re ....42-4-10 12/21/57 3,SOO.SS
95,9 Wilkinson, Gaylord F..South Shore High.2.1-7-10 1/13/38 1.709.SO
An Zwicky, Mar;r:iret D. ..Strinnietz High ...3,1-6-10 11/30/57 3,08<.22
C,or,tp,i/Nory Scrric,· Refiri,ment Pen<ic),1.q9556 Cal·r. Ethel M. ........Burns ............47-6-15 9/27/57 3,882.81*
9557 Nixon, 1:Inn ........Substitute ....... .14-2-00 11/2S/57 <92.-1-1
•I.'mr,·itti.g tr,irliri· 1·rfirrd after re-employment on a tempora,·1/ baBIR
Widows' PensionsH-.\-11 Henke. Elsie K. 14-7-00 11/20/57 1,·100.04
(Wi(bnc of Frank X. Henke, teacher-pensioner)WA -15 Keating, Anne C. ......................37-0-10 11/15/57 1,311.60
(Widol' of new·v M. Keating, teacher-pri,Rion<r)WA-16 Peterson, Grace 29-4-00 11/11/57 1,042.At
(11-idoic of (:M,·c,icc W. Peterson, NY:<·hc)--vensionce
Sirmnutry Of Pensions Granti,d01)tional service retirement pensic,n.......... 1.1Compulsory service rettrement ]EMIrms.....2
TVidow's pensions
On motion by Mrs. Johnsen, seconded by Mr. Mcierdierks, the recommendation~ of the committee was approved and the service retirement and widows' pen-
sions, listed above, were granted by the following roll-call vote:
Ayes-Mr. Petrie, Mrs. Johnsen, Mr. Meierdierks, Miss Taggart, Mrs.Light--5. Nays-None.
J:rnuary 17 262 1958
Appointment of PhysiciansApplications for disability pensions wei·e submitted with the recommendationthat physicians be appointed for the examination of the applicants,
On motion by JIrs. Johnsen, seconded by Mr. Meierdierks, the appointment oftthe physicians, listed below, was authorized.
S. J. Sullivan, M.D., 2612 East 75th St., ChicagoVirginia Tai·low, M.D., 670 N. Michigan Ave., ChicagoCharles B. Congdon, M.D., 6 N. Michigan Ave., Chicago
To examine: Justine S. Evers, Sullivan Eleni. School
Harold Voris, M.D.,30 N. Michigan Ave., ChicagoNicholas B. Pavletic, M.D., 9948 S. Western Ave., ChicagoDonald Farmer, M.D., 9948 S. Western Ave., Chicago
To examine: Dorothy H. McGinnis, Altgold School
Revisions in Rates of PensionsThe Committee on Annuities and Credentials reported that information re-Kai·ding adjustments in salary and pension credits hy the Board of Educationwere received by the Fund after service retirement pensions were grantedto the persons listed below. These revisions resulted in additional credits tobe considered in pension calculations. In accordance therowith, the committeerecommended that the rates of pensions be changed to the amounts shownbelow ancl that the records of the Fund be revised accordingly.
I:„ne (if ~Irinl)*·r It€.i·i~ril Keri·ire Credil,4 Re,·iNed :111:,unl Pri):ion I{:,te4:2: i (*()i,li, I,* Hlic· C~. 17 ,·f·:11·4 8 months 53.00!1.3,;(¢) 11 · 4( 11 (· 21 . 11) 57 . thr trustee. appi·(,red u pension 01 82 , 99 9 ., S for .97 1/ rim. q 7 m fi , ith .1 nmi
14 ibigs Df xert u·r.)!'.51'4 '1'r·.·redic·, Dic·k . 42 Ve:11's ·1 months.............. 5.6#1.60((M 81·lit(·Inbri- 20, 1957, 'the t ,·1181(·t·N ui,lir'~red a I)cnsion 01 5.3,670.56 tor 42 lic,irs 8 1,1,intha„,1,1 10 11<148 of RE,Ui('C.)
On motion by Mrs. Johnsen, secon(led by Mr. Meierdierks, the recommenclationof the committee was approved and the adjustments in the rates of pensionfor Leslie C. Cool: and Dick Tweedie were authorized by the following roll-call vote:
Aves-Mr. Petrie, BIrs. Johnsen, Mr. Mcierclierks, Miss Tagg:irt, Mrs.I,ight-5. Nays-None.
Outside Time and Military ServiceThe Committee on Annuities and Credentials reported that aindarits, or otherevidence, attesting to or certifying (1) service in the public schools of theseveral states or in schools operated by or under the auspices of the UnitedStates outside of the City of Chicago; (2) tinie spent in the military service
January 17 263 1938
~ of the United States during the pension period; (3) employment as a civilservice librarian in the Chicago Public Schools or the City of Chicago; (4)service as a playground or recreational instructor for the City of Chicagoor the Chicago Park District; and (5) employment by the Chicago Board ofEducation as a school clerk are hereby presented for the persons hereinafterlisted with the recommendation that they be approved; provided that in thecase of outside teaching service no more than 10 years be credited and alsothat the last three-fifths of the term of service for which an annuity isgranted shall be in the public schools of the city.
Service Mer,·ire Critlit,4N:inic· 01' ble :,1 lier Me]1(,(,1 (I)rverilitic,11) C Yr,4. 31,)4. 1):ly.)
l'eric*hing Sen·ic,· in Pil,lic Schools or Under Auspices id the U.S.
Cobbin:, Othu H. ..Substitute . ......'reachi/,Br .10-0-00Currin, Ch·ace ... .Szil)Stittlt, .Traching 2-1-00(;1-illin, Dorothy Ii. . Houstleld Te:ic.·hink ... 6-0-00Mt·yer, 11·,·m· M. ... 1.inne & Mont rt ......'12·:~ching 7-0-00Moffett, Pure,1- A. ..substitilte..... ... /15·:ichin,ir 2-4-00
Tucker. George I,. . . ....1.:rne Tech. High .....Te·:lehing .... 1-0-00
Milit,try S,•rric,• 0/ the Uniti·{1 St,tti·sIl>·.111. .1„hri L. ........lio/"e/ 4-7-10
/:mvic,ymerit in Of/wr Chictigc, Gori,r·,Ir,tental Ifilit:Braily, 1,:(lw:, 1·d 13...........Montefion·e Recreational Instr 1-0-00Naiman. Harry . ........Farragnt High ... Reereational Instr. 3-2-16Tun·k. St,·Ila A. ...... O. A. Then·1, .. ..... Lil,i·:irian ..... .. 3-0-00Tyrreli, Agnes D. Everett ...........··· B,·lic,01 Clerk ..... 1-9-10
Oil motion hy Mrs. Johnson, seconded by :\Ir. Meierdierks, the outside timeand military service for the pensions listed were approved by the followingroll-call vote:
Aves-Mr. Petrie, Mrs. Johilsen, Mr. Meierdierks, Miss Taggart, Mrs.Light-5. Nays-None.
ADJOURNMENTOn motion by Mr. Meierdierks, seconded by Miss Taggart, the meeting ad-journed to meet at the call of the Secretary.
64- * «9«Recording Secretary,
Februn: 6 21 205 1938
REPORT OF THE PROCEEDINGS
OF THE
Board of Trustees
OF THE1
1 Public School Teachers' Pension andRetirement Fund of Chicago
Regular Meeting-Official Report
Friday, February 21, 1958
A regular meeting of the Board of Trustees of the Public School Teachers'Pension and Retirement Fund of Chicago was held Friday, February 21, 1958.
The President, Mi·. Petrie, called the meeting to order at 2:00 P.M.
ROLL CALLMeml,ers Present: Mr. Petrie, Mrs, Johnson, Mr. Moierdierks, Miss Taggart,Dr. Ltilly, Mr. Caples, 1\Ir. Pasnick, Mrs. Light-8.
Members Absent: Mr. Whiston-1.
APPROVAL OF MINUTESOn motion by Mrs. Light, seconded by Miss Taggart, the minutes of theregular meeting of January 17, 1958 were approve(1 as printed.
1-51,ruar; 21 266 1933
REPORT OF COMMITTEE ON FINANCEReimbursement of Contingent Account
The Committee on Finance reported that receipted bills, cancelled checks, bankstatements, and other supporting docunients covering expenclitures for theperiod froin January 10, 1958 through February 10, 1958, inclusive, andtotaling $491.02 were audited.The committee found that expenditures had been made properly and recom-niended that this account be reinibursed in the aforesaid :iniount.
BillsThe following bills were presented with the l·econimendation that they beapproved and paid.
Americ:rn (':alcitallitizi;r :ind '1', ],ing Meri i,·r:
1/28/58 Postage :ind mailing 1-1.500 contril,litor:.'statenients ....... .............. 5 292.39
Atill,4 %*IntiIN,Crh:
1/31/58 Ofllce supplies .... 56.23
1!mird of IC,lue:ation „f the City „f ('hie:airci:
1/20/5 S Cards and tabulating Kervices froin10/1/57 to 12/31/57 . --
Burroug]1,4 Corporati~,11:
12/ 1/57 Mainten;rnce for adding mciehine12/30/57 lo 12/30/58 20.30
C..intinentiII ]Cnie],ilic C..rp..r:itic.1.:
12/20/57 4!1,325 91)ecial window envelopes......~-Credit due to short:ine in prevint]., 4,·liv,·I·,· '' N~ ~83.751.5() 3 02.25
Col'e:,Me C (Irl)•Dration:
1 / 22 / 55 Suppli ,· 9 fc, r COPeasse lihotocc ) Pying in : whine , .., 36 . 50
linyrM St:,11,4tical Meriter, Ine.:
1/27/53 Actuatial :tatisties :ind insul·.ilice t·r·ports...t(, 14·nsion puvroll chang,·H in J,11311:,1·y...
1/31/55 Tc·.ichers' crititi·ibution credits-(11157 st:ttenients) ........... ··· ...... 626.62 1,SO:.~17
M (·C,)rmiel: and ]Ii·,ader,4(,11, 1 Iic•.:
1/BBS 111·iliteci fc>ims :in<1 5111)1,lies............. ·1!ID.!,0to c 'littinir lidger .11,·et. ................... IN.60
1/24/58 22,(/At() 11,·ri:,i,)11 1,11114'titiv(1'1·intin#r, m.liling ancl lic,Ht,104'•) ... 2,0.21
Noirmin·r n·wit·t „1 1;r):11-(1 „f ·t·i·llst,·Us'1)1·,~cce,lingy ...············· .... 40·1'00 1,::1"It; 1
1,]hyxicilin,4:1/ 2/68 Chat·les I). Coril,lon. M.11..
Examination of itlizatictit A. Fitzgerald. . 25.~41/ 4/58 C.h:11·1,·s 12. Con#rdim. 11.1 )..
!Examimitioll Of Bernice JI:lholley. .,....... 2:,/002/ 1/58 ('harles H. Congdon, M.l) .
, ]·,X:111)in:ition „1.Justine S. Er·ers...... 25.002/ 3/58 -fiC}101:IM 11. 1'(t~'l¢•tie, M.1)..
Examination of D(,rothy Mc·Ginnis........ 10.00
Fel,ruary 21 267 1958
Bills (continued,I Hydn#ul, 1{:,3,i]:
1/ S/AS M:ii,iten:ince (,11 flve typer, riters froill1/7/6# to 1/7/3".................... 7 LS
1,'lcl 'SS Al.jillit·nance 4,11 (111,· typewriter from11.97
2/ 1/6* 31:,int,·11:iti'·t' on .11,· t '·i„·wi·it.·i· fu·(Utl2 /1/5< t„ 2/1/5:1 .. .. ... ..... 11.97 101.7,1
54.346.ST
On motion by Miss Taggart, seconded by Mi·. Meierdierks, the foregoing re-ports and recommendations of the committee were approved. Reimbursementof the contingent account and parnient of bills, listed above, were authorizedby the following roll-call vote:
Ayes-Mr. Petrie, :\Irs. Johnson, Mr. Meierdierks, Miss Taggart, Dr. Lally,~ Mr. Caples, 1\Ir. Pasnick, I\Irs. Light--8. Nays-Noize.
Refunds and Death BenefitsThe Committee on Firiance reported that documents portaitiing to claims forrefunds ancl death benefits for persons listed herewith were examined andverified. Applications for refunds a 'c resignation were made by persons whoare 110 longer employed as teachers by the Board of Education. Applicationsfor refunds of contributions for widows' pensions were made by male teacherswho were unmarried at the time of retirement. Claims for refunds of con-tributions and for benefits payable on death of teachers and pensioners weredetermined after certifying dates of death and establishing I)1·01)er evidencefor each beneficiary, administrator or executor. The committee recommended,therefore, that refunds and clealli benefits be granted to persons listed here-with iii the amounts specified.
The conimittee reported also that in the case of contributors, listed herein,pension deductiolls by the Board of Education for the 1956 '57 school yearexceecled the amounts required by law. The reason for the over-paymentsis that these teachers received salaries on two Board of Education payrollsand duplientions in pension contributions resulted. The committee recom-mended that the excess pension contributions be refunded.
The committee reI)orted further that other refunds to contributors, listedhere'in, were paid at the time reports on audits of such contributors' arrountswere <:illitilitted. All Mitch refunds were due to changes in rates of contrihit-tions for creditable service or to other required adjustments in the applicationof automatic increases in rates of contributions hy the Board of Education.It was recommended that the payment of these refunds be confirmed andapproved.lt,·ftindv za/c· lerilirilitti(,1, 4)1' ]Er;4,11:Irly IC.it,1,1„yed lientlierM:
B:nict-,~ft, Keith 0. .. ........,.... .$ 2,Au.901':m,·r, Jililith ('. ...,. ... ............... . 551.00MA·Ker. 1 1,·IM:, E. .....~ .. ........... .
. :115.AlHyrd. 1\1:11·y Franct·s .....Coble, I:,·1.,lia M. . ..... .... 2xx./.)
F,1,ruar> 21 268 1958
Refunds and Death Benefits ( rfuntinited )
Iterund ,* n /e IlexiA-nation „ f Regul :irly I·,mi , lii )· c ,1 1 ! enitier ,~ : (1 ·(jiltilitiC (|)
5 311,1.606 6 :9. 11 11
1,166.1,AEklund, Marion E. 403.60Goldberg, H:irriet E. 442.(1(/Grecriber:r, .Tudith.................... . 2.1.1.50.T,·linek, 1:19,2 H..lf,hition. .\Hn ]C. ...................... .. . 2,%·1.00Kilz."l·, Vivi:111 0. ... 42~.AnMark, Ruth L. 2·to.00
625.5(1Mill,·r. M,irily/rn,· P. .................... 51.00Palmer, Adamne . 1,"17.50Pot'I)"r, Edward R. ............................... 2,::Al.:;1Richrii.kii, Renee 710.·10I'toi,ir),0,1, Suz,inni· P. ................... . ·130.50Ilon(]ent·t, M:11·y (;. 910.14Scnic:i, Camille M. . 823.92Sh,·1·rv, Maxine ........······ ........... ... ('Ii:&.00
815.64........ 56150
Sundermpier. Kathli·en M. .... 721.00Tr-is,·, I )<n·(,thy I .. ........······. ................ 501.00 $10510.96
lt,•fl,131* 9,/c· Net„ir:,li,in fri,1,1 Mer, ier „f %111,41[flite(irr 'I'rill Zinriarily I·.m lili,b ed '1'4·:ic herM:
Brewer, Lydia D.('arlHon, I),Vig}it M. .......... :;Croarkiii, Gerald .L .......... GO.OnDmic!:i:. C':irlyle 1-1. ...··. 2-to.001·:11<in, Noin)·un 1 55.69Enc,11·11,1,·inn, Teresita . 25:LinH,·1 m:in, Itnhort . . ..' *
5 0135.00
Hnrowitz, M:n·v IC. ........ _Horrnvitz, 54:irif .Tack ........ ·106.SRJohnson, Jern· G. . 0 0.0 0Jur;r,·114. Mary Alice ... 211).MnE,·li,int;rh, .T<,hrin:t ....... /1.00Klc,11(1:i, Marilyli .\. ...····L:wk,·v, Trillie Lee ... 5:6.75L.ilit,ir:rt·,·Ii, it,·n;:t ....... 151).00M,wdon:,1,1, 1%'illiam B. 1 6.00XI:, 1-tizi. .\ ]>·<·c• Ii. .... 2,1.60
22.50Nic·lson. Tran·,·M A. .. .. 15.001':11·is, Murit·1 Illoom . .... S 1.,10Pinski. 1)0101·es Ann . .. 2,21.00T'(11)<,rich, .\ 11(11·,·w 1 I. . . 579.4 1}:fil)in,u)!i, Ki·nil,·th L. . ..... 1 05.00Sol,Ii·, 1:01),·rt N. 255.00Bit·i·,·ritino, .h·,innr 12.00Sti,n,·, .fc,Ker,11 L.. Tr. ... ·· 211.98120.00Szez.,·.11 ,·. 'reel Steven .T:irris. ledward ....... ····· 589.49Turker, L,·sli,· E. .......... 6.177.11345.00
it (• fittail ,4 ( if (' i ) 111 rilit : f i ( Ii] M fur 1% 1 (14 ) 1' M ' 7 , 4 . " 18 ". 4
10 14'/..0 IM Xiii IC,lfil le,1 14, ,+1|4•h 117,11(•IHI :341.iS
1:am:c·y, art,vr,r ('. :181.1 SIt-ilkillm,11, Gayl(,1'(1.. 16'550 92.7.86
1{efilili of Arrti,ni]Inl,·(1 (01)trilii]Ii,)11. 4)11 11('alli:.\11(1,·1·min. .1,·Well S. (7'hi')·11,·11 /2. .1„,/, i.,in, 1,·,ir/irin,·i,) :a,2,01.115Ih·-„·11, I·:lizal)(.th 11. C.im·(-ix·:4'.1. 4,11.G:;54 <' hut , 11 , C ': ii · li ,· P. ( 1 ·' lf „·1 " 11 (·r B . Ni billit ) Inul Philip C .
4.629.50Xehupp. 1,rn,BrbnicE) .......... ·····.Stuart , Lilli :, 11 1 !. f j . ti,„d m Mt „„,4 ,„, d A rth 'U E .
Milic'r, 1„n,·/i, i,frics) ..... .... . ·LOGO.25Ip #'$ 413 , ];(•:>4ie (·hilt }, C . 1 CReip , lic 'nifi , ianif. .... ~~ - 4 . 757 . 52 . 17 .() 10 . 55
*.t,int,itant
1938February 21 269
1
Refunds and Death Benefits ( t ·nntinited )
Sittirle 1'.I j·ine,It 11(]irilt (rn Dezit]1 2,f '1'<.:tellerM:.\Ticli·i·son, .Tewell H. (7'hunrN /:..l n,/,·/·.,:,m. tie·n~·/i,·iuru).: 2.500.00Sehutip , C : o · lie 1 '. C 17,„·Curc n . X,· litti , 1, 41 , 1 , 1 l 'billi) ('.
2.300.00
Stuart . Lillian M .. (/. Mud n . Xt 11 , 11 · t lin ,1 .7 ,·thl „· E .2,500.00 5 7,3,10.0,1
Win;rli· 1'11,ment ]Ii·,irlit on I)©1111, „f '1'R':triter-1'e!,Nic,114'r:
1-,·.ely, Et'BMir bi'iii·/ic·ine/).......... 500.00 5 611. t) 0
1{4·fi:!14|. (,f C'(,iltrl|,ilt|(,11. for Her,·ire in I,h·frM.4 4)f ·15 3 ent,4111 11:; .im(Hint .11),ille:11,14• 11,4 lita 011*et (4 (lar Ilril<,iric·y fc,rMer, ier l'rlor ic, .hily 11)31:
396.001;:il·rett, Mary H. C 99.00
liolt,In·r;r, Elia K. . ......... ....... ........Me<"innis, 5..01 hii.00 1.000.3,1
1{rflt:ali :t/~• 1:rror in 1)(·cliction,w 1,.· the 11„zird (if ]Cilil,·:Iti„11:I:,11:ince, rev.' H. .... :1.00 8.00
l 114•furn(14 .1/» 1)111,lic':1(ini™ in 1,19™in:, 1)<.ductic,11% 1,1- 11:rIlinril cir I·:(1:I.•21 lic.11 f«)r 1/te If)5(,/ST 0,·1,„4,1 1-;,ir:
2SS.6011.25
210.00le,·~·1:pv. .R,hn M. .11·. .. ............. 42.21Hoffm:rn, .Tom'ph G, .... ............. :; n.00Janowsky. Bliel·win . 225.00
+ 1.00Levin, Mari:in ..... ..................Sninrek, lfich:ird .............~...... 300.00Water., Shirley Ann .....~~........... 11.2 5 1.1 4 S.71
1{4.11111,1. 11/e .·111Jt,Mt ,~le,11.4 in it:ate. (,f C-Intrilittlic,114:Haughan, Pauline S. TO.20Cri<t, Dorothz- 1 . :;::.f;f)1Clli:"". I.or:zine ·15.601·.111·t. >.. 12(-)>:em.il·y . .ix.X 0Nelley, Mary .1. ... 23.00McCartln-, .loan ... 54.001:amelow. Coletta . 25.56Schulm:,11, Zewl G. 46.00 316.Gil
553.395.sT
On motion hy Miss Taggart, seconded by Mr. Meiordierks, the foregoing re-ports and recommendations of the committee were approved. Expendituresfor the payment of refunds and death benefits were authorized and confirmedfor each account shown above by the following roll-call vote :
Ayes-Mr. Patria, Mrs. Johnson, Mr, Meierclierks, Miss Tarrgart, Dr. I.ally,Mr. Caples, Mr. Pastiick, Mi's. Light--8. Nays-None.
Duplicate WarrantThe Committee on Fin:ince reported that the person named below requesteda dul,licate warrant in lieu of the following described check which was re-ceivocl and lost. An afhdavit certifying this loss and indemnifying the Fundagainst any liability, damage or expense which may result by reason of
February 21 270 1958
Duplicate Warrant c (·(i }iti), tie (1)
issuing such duplicate warrant was duly filed. Therefore, the committeerecommended that a warrant be issued to the person named below in theamount indicated.
Amount Number Dnle 1' 1 1 r A ) ( iM rthlir, Ch:irlotto B. .......$85.66 .7:21;:; 4/31/67 1'1·11:1(>71 1):ii 111(*nl
On motion by lIiss Taggart, secon(led by Mr. Meiel·dierks, the recommenda-tion of the conimittee was approved and the warrant was ordered drawn bythe following roll-call vote:
Ayes-Mr. Petrie, Mrs. Johnson, Mr. Mcierdierks, Miss Taggart, Dr. I,ally,Mr. Caples, Mr. Pasnick, 1\Irs. Light»-8. Nays-None.
Purchase of Bonds ConfirmedIn accordance with the advice of Standard & Poor's Corporation, investmentcounsel, and in a mail vote prior to the (late of this meeting, the Committeeon Finance reported that the following securities were approved on the yieldbasis noted plus accrued intel·est. The colmnittee recommended that the pur-chase of these securities be confirmed, that the bonds be registered in the nameof the Fund and that the municipal bonds be accompanied by an approvinglegal opinion.
Amount DeN,·rilition of Hond. 1}:lt{• nate of 'I'o11'Ii-E__Blll,F)-F„„Ic<'f 1·'irm I.,411(.,1 Maturity Yield
Illinois Municip(ilitics51 00,f,(,~) Ijuragr Co., 111., S. 1-). 232 (Ben:en- 12/15/57 3/ 1/76-77 3.50':ville), 31,5 ,; Kc·}1001 1;](lg
John Nuveen & Co.
U. S. Cim·i'r,iments'('0·0('0 U. S. TI·,·:1: 111·1- 310'; 1,(411(1< 2/14/68 2/15/90 3.17';The 1·'irst National 11:ink (,f Chir:ig(,
Public Utilitics2(10.6(10 Pacific Gas and Electric ('„. 382'.5 12/ 1/57 12/ 1/TS .1. d ,) r]·71.t & 12,·fiinclin,r Mort;rage 13.nil.4
Salomon 131„::. & 1-{ritzler
Ra i Irna (181 fill,fi 00 l'ittflin,·Ah und 1.:ike I·:i·ir· 1:.I:. 31,2; 2/ 1/58 2/ 1/69 7.64:
Equif)inent Ti·zist ('prtifientes of 195854:,lomon Bros. & 1-Illizler
On motion by Miss Taggart, seconded by Mr. Meierclierks, the above trans-actions were approved and confirmed by the following roll-call vote:Ayes-Mr. Petrie, 1\Irs. Johnsen, Mr. Meierclierks, Miss Taggart, Dr. Lilly,Mr. Caples, Mr. Pasnick, Mrs. Light-8. Nays-None.
Fri,rit:„·, 21 1 1958
REPORT OF COMMITTEE ON ANNUITIES1 AND CREDENTIALS
PensionsThe Committee on Annuitie< and Credentials reporteel that applications forpensions were presented for pei·sons, here.inafter listed, with the recommenda-tion that the pensions be approved and granted in the amounts alid underthe conclitions set forth horewith. In the case of each applicant for serviceor disability retirement pension, the eniployment of the teacher had terminated,the legally prescribed minimtim yeal·~ of teaching service were completed,and requirements with respect to age (if applicable) were fulfilled. Eachapplicant for disability pension was declared by three competent physiciansto be suffering froin a disability which wholly and presumably Formanentlyincapacitates him for teaching.
)Iember~M School Service To Anmelor Yrs. Date 14·n.ion
NO. X:in„. „f -31,·,„lier ~!Ctulier'M >4(ntlt/ MuM. DnyM Frimi lEzlie
Optic)11{11 St·rrier Retirc,numt Prnsions-1 6 X S 1;ied,·I mann, 11,·1< n K..bullir.01 Hilll ......25-7-10 5/11/67 52,0-11.2015,4:1 1;1·ill, i\:altur 11. ......12,·11Ker Iligh ..,....·10-1-111 2/ 1/58 451,3.0-11544, Caullit·ld, In·m· M. ...U"ic·]~er Pal k .......:M)-1-00 2/ 1/35 3,502.~)21 5:1 1 Clau:on, 1·.thel 1·'.. .....1.:ikt· 1-iew Iligh....:]4-1-10 2/ 1/58 6.11)11.081542 liclcly, .\rib·ce C. ......St):ilding High .,..,20-41-Iii 12/21/57 1,78*).20/5!)3 Funning, Luc·ilt· M. ... .Vi,lt:t . 1/24/58 2.736.GO,5,14 [·'lynn, Angela ('. -/-1 1 2/ 1/585 22;91.2415!,5 }Int·tle. Hen,ice .....1)iv. of Misic· ...3.1-1-11 2/ 1/5% :407.1.6116111; 1< c·]11 1), .I,·1} ilii· L. ...... \\-illi:t ms .......... :11-1-1 1 11 1/57 2.771.28)51)7 1,%,dwig, Ruth L. ......Marsh .....,....,..29-()-I) 1/2" .-/ 2.124.001598 11,·C.'1,·11.In. 1•'Int·,·Iler ('..M:11·*h:ill Iligh .....31-11-01 2/ 1/5, 2,>6·1.6.115.99 lh·.iz. 1Ccl,v,ii·(1 (;. ......Ir„i,Sc.1-t·lt Hitrh ....:;6-0-1 I 2/ 1/58 :;,2 11.·14)600 (juinl:rn, M,·1·(·c·,14·:11...1),·~·i·i· .... ........1:1-:;-1) 2/ 1/55 ::,81;7.:;f-16()1 1:(11·Ill):lum. 1·'dith H. . >:11,·ld('11 2/ 1/5X ., " r r- P. .
"602 12(i:i,·11~ti,·1, ]C,.therlt. ..llibl):11·,1 ... ., " 1.929.2416113 ---„ -11 2/ 1/5xSte'vens, 1'4,1·tia H. .....14·1,11 2/ 1/5< :16:;7.21Hililivan, ]Cil,·en 1'. ....Clinton .. ~.......30-5-1 1 2/ 1/5X 2,320.32
/605 Sweet. Chact· D. .......1.,A'is-Cli:nuplin ...10-BO) 2/ 1/5S 3,657.361601; 1-uight, Iielc'li ,1........1,·1111(·r.. .. ...22-1-1, 2/ 1/55 -.'.'.'.D-. A•,O -6,
)607 lj-:ill;rn·n, Laur:l C. ...1 11·11>:sing ..........:19-2-0-1 2/ 1/54 3,511.561608 J\'911167·en, 11:,111 T. ....1•':il,·oner ., ......·12-0-Il) 2/ 1/68 3,751.681 Woil Wel(·h, Jo:ephine 0,..1,owell . . . . . . . . . . .,I. - 2/ 1/58 -„,-„I.-0 :/11 1 /11;10 Wells, Mattic· 11. ......1·':,1·1-1·n ........,...36-1-0-1 2/ 1/5S 3,215.71;
J 611 Wilt:hin·, R,ili)11 ..... .,Soulli Hhor,· I-Iigh .31-5-0·) 2/ 1/58 2,727.729612 Wiltshire, Sybel B. ...Solith Shoro High .. ::4-1-Of) 2/ 1/58 8,167.88
C{,mpul sory Serrice Retirement Pensicins8147 Ali·xalicler. Cit·:ine IC. ..>:kintl,·1 ..... ,·1-1-111 2/ b/5, 2,995.OS*81.19 Aniian, )I .il„·1 D. .....Hir>:ch High -4-3-15 2/ 1/58 4,008.84*94,13 1;:,1·1·4·tt. JI:iry/I:lze/(' .El·lh,K;: ....... ..,5-2-10 2< /90 1.008.K.1Al,51 Hischmati, A. Marie ...1,ewis-Champlin .....1-1-00 2/ /;,2, ·4,:)57.·18•5.1,82 1lmk,·, C:illic·t·ine C. ....\11,1,·I:t·n ....,.....·1*-6-10 12/1-/57 :i,(; 03.72'161 1 CalkinS, ihith M. .. ....'1'oliti . .,.. ,,..... 2/ /5< /1.435.'C;O!9615 17:ir·:chner, Gertrude ..1·'41 1,-,ird: .,...... -5-2-02 2/ /5,8 1,008.84961 6 1);,Vi:, Ima M. ........M.:inn ............. :1-6-11, 2/ -/58 2,561.16•9617 1)ic,kpi·Mon, <;111· L. .. .1.:ik,· Vi,·w liinh .4610 1)lilli).it·, 1,3„1011(·i, 1''rn..10·1'.11,Ii,- .. .. . th!,4 55 ] S le,ETA:.9614 Foley. IC,nily(i. .......Grah:in, .. .. 4-4-00 2/ /5% 3371.1.19620 1*(,i·, Marnarct C. .1)ixoi~ ..............5-:1-1:; ./ /hs .1,0(1%.St*9621 (:01,1,·n, 11-c·:lc·,· D. . Ihir. 01 lq,1>1. 1·:(lue. 1-7-0" 3/ 758 3,!166.00!1622 (;r,·Trg. .lid:ili T. .... 31:evf:iii· 2/ /5$ 1,4 N).20<1623 11„1101:111. c.'ath,·1-ine 11. . Y:ile .........,.....·,1-1-10 2/ /5,K i.,14;1.6,85621 11(,lton. Marip .\. ...... Hir>:(·11 Ni;rh -/ /6X .1,06>.3-15-6-00 .'N625 11(,lt.41),·I·!r, T'11:·t IC.....Morrill .,,....... 6-0-016 2/ /5X 1,nos.8.1.!)62(; Hunt, 71:uri· 1:, ....11:ti'gh:,11 1Iigh .....1-3-flo 2/ /TS 01,6!/1.5 69627 .1,11:.4,11, ,friri:2 1). ... ..11:111)11),ilkl ...~.....· ~;-S-10 2/ - 15% 3.9,0:;2
I :lirit:iry 21 272 193.
Pensions (continucd)
)Iember'M School Service i.4, .innlintor YrM. Dntۥ l'ril,41(in
AN)· 3 11 ine of )Ientlier Member'M Sintum MOM. Dil)'M I.rcitil It:,t«·
Compulsory Serrice Retirement Pensions ( t ·, i , ttinurd )!)628 .Tohnmn M:it·,raret ....Mason.............11-;-10 2/ 1/5. :;,441.6%.1 6 2 11 Me(;intlis, 121·:111(·,·:. K. ..C'hic·:lg. rm·. Iligh...15-1-01; 2/ 1/5x 1.,HIX.st•
Moran, Alice M. .......1 .t·Nic„·m ..........1*'-2-!5 12/17/67 3,!18,1.00.A 1 K :: Mlii·phy, Loretto C. ...Tilt<,13 ........... ..16-6-1,# 2/ 1/ ix 2,,ST.1.32.116) 1 MinaL ]Cthel M. .....Gr:,1- ... ..... . 10-()-()11 2/ 1/5. ::,5KO.0/X 1 S l Milsgravi·, Bird P. ....Gre;rory .......~...20-1-00 2/ 1/:,x 1.Kill.Xf)•46:;2 ock,·rhy. George F. ...1:c,osvelt High ... .37-5-1)11 2/ 1/5% ':,::65.76!)63:; c);rd,*11, Olive 13. .......K„mensky ....... .27-4-10 2/ 1/5X 2,49 ;.lin9634 f)'Lipary. Frances J.. ... ll:I>:on . .. .. In-X-11() "/ 1/68 :;.61,0.72•9635 1'„.tel, II:H-c,ld H. .....('01·1„·11 .........,. ·11-1-1)(1 2/ 1/5 X 7.700.21)4636 It:unsey, Grover C. . ..........::6-4-011 2/ 1/58 3,271.441,/i:;; 54,111>:on,·, P.obert ......DLIS:thhi lligh ....18-9-10 10/22/57 1 713 -4!11;:: S Sallter, Amelia C.......\11,1,·19·11 . .......::1;..5-il) 2/ 1/5x ::'27!GIisISK Sh,·n·y. Stc·ll:t p. ....~)ti>< ......... .....11-0-111, 2/ 1/5< :1,646.S"X22!1 Smith. 151:inche M. ... .IN,olittlf· 2/ 1/6x ::.5:,2.92•1~63,1 Stul)1,1,·11,·Icl, AItal·. ....\21>:till iligh..... . 2,-5-mi 21 1/3. :; 1,1 1.2<;1; 40 Stimp. Haz,·1 G. .......(;:ir·Y ..............4:,-7-lf 2/ 1/5< :i,:11)1.1,0!11; 1 1 Tah,·11,·, Catherine M. . .Chi. T,·,1. Ci,11,·KI· ·15-5-4,1 2 ' 1/5,< ./.Ails.sl9/642 r,ill:ince, Xer·:L I-Ii·:lth. ..\mericaniz:ition ..1 3..D-(„ 12/211/67 906.2,*1:},1, rittix tim·11,·r ,·t·tii·,·c!,ift,·i· re-cutt,I#,11„11·111 (i}, a t(·mimr,11·11 1,ux;.:
Disability It,·tirentent Pen,ions1-)-·170 Fitz;r,·rald. Ieliz. A. ./W:aller High ..... 18-4-10 11/21/65 1/1%1.*S11-$71 -11:ihon;r·, Bernic,· ....1 b-(Il' 1':,i k High ...2!1-,1-1 0 6/22/56 2,01)2.<HIl)-472 Mi·fic·,ighe;ran, 11. 1,2. ..T,il,l,r' ......... . 22-3-Of) 11)13/56 1.:;95.72D-17:; Molit·. G,·11,·ri,·Ve H. ...01-i„1.1':ark . . 22 -7 -1)(1 4/24/57 1,7:;6.lt;
Stimmary of Pensiolit Grantrd
,01'tional v·li·ic·,· retit·4'111,nt t}elisions...... 25Com])111:.ry 44·1·Vic·I, r·¢'tin'ment 1,0·11.i(ins. 3<Disal}ility 1,·tirement liensic)ns .
On inotion by Mrs. Johnson, seconded by Dr. Lally, the recommendation of thecommittee was approved and the service and disability retil·ement pensions,listed above, were granted by by the following roll-call vote:
Ayes-Mr. Petrie, Mis. Johnson, Mi·. Meierdierks, Miss Taggart, Dr. Lally,Mr. Caples, Mr. Pasnick, Mrs. Light-8. Nays-None.
1Fchni :, r > 21 273 1958
Appointment of Physicians
Applications for disability pensions were submitted with the recommendation
that physicians be appointed for the examination of the applicants.
On motion by ~\Irs. Johnsen, seconded by Dr. Lally, the appointment of thephysicians, listed below, was authorized.
F. Parisi, M.D., 8435 Stony Island Ave., ChicagoAdolph Faller, M.D.,7954 Stony Island Ave., ChicagoWaiter N. Wihorg, M.D., 8650 S. Cottage Grove Ave., Chicago
To examine: Katherine R. Brandt, Mann School
| Irving A. Friedman, M.D., 720 W. Lake St., Oak Park, Ill.Walter S. Priest, M.D., 720 N. Michigan Ave., ChicagoOglesby Paul, M.D., 122 S. Michigan Ave., Chicago
To examine: John A. Moretti, Lane Tech. High School
Outside Time and Military Service
The Committee on Annuities and Credentials reported that afridarits, or otherevidence, attesting to or certifying (1) service in the public schools of theseveral states or in schools operated by or under the auspices of the UnitedStates outside of the City of Chicago and (2) time spent in the militaryservice of the United States during the pension period were presented forthe persons hereinafter listed with the recommendation that they be ap-proved ; provided that iii the case of outside teaching service no more than10 ye:11·> be credited and also that the last three-fifths of the trrm of set·vic.efor which an annuity is granted shall be in the public schools of the city.
Mer,·ice Ser,·ice CreditmI:ime of Member School (DeMerilition) (Yr,4. 'Ic'N. 1):ly.)
Traching Serrice itt Public Sch001: cir Under Aitspiers i,f th¢, U.S.I.I.-
Ancli·1·>:i,n. 1):11·win V. Wallet· High .........ir:whing . d-/- 1.I,unl,111. |Cle:incir T,, . . A niericallization r,·aching . 4-0-OnEt·i,·.011. 1)(11·(,lily K. Itt':il·ing & Vi:ion.....T,·,lching . 4-4-00E.ilcilitili:. Georilia ... ..Snliser ..............Te:ic·]11116: 5-0-00Murray. lim·ilyn .>Substititte ....· .. ..'1'e:whing . 2-0-001'47·1)17·:, ICula M. . . . . W.icl:worth .......... Teaching 10-0-00Plack„, I·'rances 1·G. .. .. 54111)Ktitutr ........ ·· ·Teaching 4-0-007':1,101·, M'.1 1·inn W.. · ·Chicago. Tra. ('01. ...Te:whing 1-S-15
Military St·rrier of the Unit,·,1 States
Andels<)11. 1-).ll·win V.........TV,111,·1· High Military 2-0- 5Kulicke, Itoliert............1.:rne Tech. Iligh Nlilit: 11-y 1-f,-15
On motion by :\Irs. Johnson, secomled by Dr. I.ally, the outside time andmilitary service for the persons listed were :ipproved by the following roll-call vote:
Aves-Mr. Petrie, Mrs. Johnsen, Mr. 1\Ieierdierks, Miss Taggart, Dr. Lally,Mr. Caples, Mr. Pasnick, Mrs. I,ight-8. Nays-None.
Felirit:lry 31 274 1938
Revision of Outside Time CreditsThe Committee on Annuities and Credentials reported that the total validatedoutside teaching service exceeded two-fifths of the total time considered inthe computation of a service retirement pension for Nova Heath Vallance.In accordance with the requirements of the pension law, the conunittee rec-ommended that Mrs. Vallance's outside time credits he reduced from 7 yearsto 5 years 5 nionths and 11 clays, that contributions therefor be adjusled andthat the records of the Fund be changed accordingly.
On motion by Mrs. Johnsen, seconded by Dr. Lally, the recommendations ofthe committee were approved and the above-described revision of outsidetime credits was authorized by the following roll-call vote:
Ayes-Mr. Petrie, Mrs. Johnsen, Dr. Lally, Mr. Meierdierks, Miss Taggart,Mr. Caples, Mr. Pasnick, 1\Irs. Light-8. Nays-None.
ADJOURNMENTOn motion by Mrs. Light, seconded by Miss Taggart, the meeting adjournedto meet at the call of the Secretary.
Recording Secretary.
April 18 27 195
REPORT OF THE PROCEEDINGSf
OF THE
1 Board of Trustees
OF THE
Public School Teachers' Pension andRetirement Fund of Chicago
Regular Meeting-Official Report
Friday, April 18, 1958
A regular meeting of the Board of Trustees of the Public School Teachers'Pension and Retirement Fund of Chicago was hold Friday, April 18, 1958.
The President, I\Ir. Petrie, called the meeting to order at 2:00 P.M.
ROLL CALLMembers present: Mr. Petrie, Mr. Meierclierks, Miss TaggarL Dr. Lally,Mrs. Light-5.
Members absent: Mrs.,Johnson, Mi: Caples, Mr. Pas,nick. MT. IVhiston-4.(1/ 1·x. ./,1/n .v'it'>: cibb'(·nee tea>, d tic· to illize'.0.. .11 1·. lificilick'R (12,8,·m·0 leaa duc to t/ie i:CCCBBit//vi l„·i,19 „ut „f ('llicaut, (in bilii)1*AN.j
APPROVAL OF MINUTESOn mc,tion by Mi·. Mcierdierks, seconded by Dr. Lally, the minutes of theregular meeting of February 21, 1958 were approved as printed.
April 18 276 I 958
REPORT OF COMMITTEE ON FINANCEReimbursement of Contingent Account
The Committee on Fin:mee reported iliat receipted bills, cancelled checks,bank statements, and other supporting document: covering expenditures forthe period from February 11, 1958 through April 8, 1958, incluxive, andtotaling $1,170.59 were audited.The committee found that expenditures had been made properly and recom-mended that this account he reimbursed in the aforesaid amount.
BillsThe following hills were presented with the recommendation that they beapproved and paid.
/1]/A V:ttioner.:2/28/58 Ofike mpt)lies . . .. $ :;:;. 1; 5
1/58 Of ! 1ce supplies . . 76 . 17 3 1111 . 12
E. W. Hoehm Commuly:1/17/5% Mini,·041·aph 3111)pli,·s ................. *,5.:,0~. 117/58 Maintenance for inimeom-:il)11 111:ir·hin,·
4/1/58 to 4/1/59 60.003/19/58 P.c·pairs on nlizileozrat·h machine. 14.00 139.30
lirncitier Smith .0 Comi):iny:2/20/58 Mimeograph paper 32.202/26/58 Mimeogr:ir,h Paper 7.783/28/58 Mimeograph Flwr.... . 16.10 56.0 S
Burrough.4 Corporlition:1/ 9/58 Maint,·nance for Mic·i-(,filin viowe
10/30/57 to -012/30/ .6.. 22.17(']Ii (•1,&44, 0111 (•r Filrniture Amil):aily:
4/to
to /13/58 Special typ,·n·I·11,·r :t:in,1 ... 45.48/ 5/56 Itep.iii·M on 1 ,·Ilewriter :l:ind 10.00 55.18
Cotiei,Fici Corporation:3/21/58 Supplies for photocopying machine 1
HZ,ye,4 Mintimtic:11 Mervier, Inc.:
/24/58 Oftice administratinn .... . 52..0 2~;5.40
Inler]1:itinlin[ St,IMilleIN linchine,4 Corl)(Ir:ation:2/17/58 IBM c.lectz·ie executive' typ,·wi iter .. .~.... 4.111.00
M:arM11!111-Jark,«ill (~„mt,ltlly:
4/ 3/58 Alt,h:ibelical guide:4 .... ..... 12.75
~1(·Cormiel: nnil Hen,ler,4(rn, Iii·.
2/t;/58 ]/riAil,ecl forms and sutil,lies 834.75Dension 1,1111,41110 (1'1 inting, niniling
....,-0 . 6.5 ...'/../.O ami postatre )..·· ./ I . I
.Tanunry reI,ort of Boat·(l of Tr„St,mes' proc'eodilig.:. 39%.20 1.........I .re on
litney-Ilin,·eM, Inc.:Ill I i- ."/ "/·)6 Post:,Le 111,·ter rerital 3/1/58 thi'Ill#h 5/31 '54 36.(10
Inin·d Mt:,(4.4 Fidelity :Init (,11:11·:inty Cirmillin, :
1/ 15As 1 ),· 1 , 1 ,- it <, r ' s I·' i , rgel · Y [ i , Ind 98 . 4 .1
-L
~ April 18 2 1.:S
Bills c , ." ti"" 111 )
I'llj .h•i:11:34:2/11:/58 1:11„.i·t N. Iledges, 71.I)., 1·:X:,1~1ili:iti,)11 „f
10.002/11/5X Virfrinia T:LI·low, 11.[).. 1Cxamin:ition „1 .Justinel·h···r: 25.002/20/6 K Donal(1 F. 12:, 1·me:·, 11.1 1., 1·',x:i inin:,ti,m „1
Dorothy Mcainnis ...... ........... .. 15.002/28/50 Tralter N. Tribc,I·g. 71.1)., Ex:unin:ition (11
Entherinc Brandt 10.11/)3/26/5 S Acintlih 12:iller. Ji·., M.D., Ex:imin.tti„11 -1
Katherine Hrandt ................ ..........2/ 1/58 W:ilter S. Prirst. M.D., Ex:im inatimi „1
15.00
John A. Moretti ................................ 25.0,14/ 8/58 P:L,11 Oglesby, M.D.. Examillittit,11 01- .1„hn .1. Mor,•tti 1,1.,10
Sperin! Mer, ier-
3/ls/SS Kirkl:in,1, Fleming, Green. Martin & Elli>::1.,·ir:,1 :01·vices from 12/1 8/57 to 3/lS/58 .......... 1.250.00
3/17/58 Pe:it, 71:irivick, Mitchell & Co..\11*litinir Herviers for the year ended
4.300.00
58.986.71
On motion hy Miss Taggart, seconded by Mi·. Meiordierks. the foregoing re-ports and recommendations of the committee wore approved. Reimbursementof the cont.ing·ent account and payment of bills, listed above, were alithorizedby the following roll-call vote:
Ayes-AIr. Potrie, Mr. Mciel·clierks, Miss Taggart, Dr. Lally, Mrs. Light-5Nays-None.
Refunds and Death BenefitsThe Committee on Fmance reported that documents pertaining to claims forrefunds and death benefits for persons listed herewith wore examined andverified. Applications for vefunds a 'c resignation were macie by persons wlit,:11·0 110 longer employed as trachers by the Board of Education. Apl,licationfor refund of contributions for widow's pension was made hy a male teacherwho was unmarried at the time off retirement. Claims fc,r refunds of con.tril,utic,!is and for benefits payable on death of teachers and pensi(mers weredetermmed after certifying dates of death and establishing proper evidencefor each heneficiary, administrator or executor. The committee recommended,therefore, tli:it refunds :mcl (leath benefits be granted to lier~ons listed here-with in the amozints specified.
Th,· committee reported further that other refunds to contribliti,7:, listedhui·ern, wore 1):lid :it. 1.11(' time roliol·Is on nudits (,f Kil('11 contril}litors' accountswere Killinlitted. ..\11 Such refunds Were due to changes iii rates of contribu-tions for ereclital)li· service or to ot,iici· required adjubtments iii the :,1,1,licationof automatic incrinses in rates of contributions hy the Board of E.clucation.It was reconimencled 'that the payment of these refunds be confirmed and:11)1)1·01.4,(1.
lb•fili,(14 11/e 11€•Mignitti,rn Of ]E,•4111:irly 1•:mpl„.r,1 31,*1111)4'rM:
Aclell,erm Arthur J. ...... 5 1 *) 6.(10Arkin, June ..···· XI)Berls, Joan Urhelan ......... ....... .. ..... 110.00Illossom, Patricia W 591.50
April 18 278 1958
Refunds and Death Benefits ((' o }ltinlird)
Refund ,1 1 / c Itc , ignation of Regillurly ]·' nuili , j ' ed MemberM : (,·071 / i ) 111 ,»(1 )Ii„iii-1 :,1, Bal·b:tr:l 500.14T
855.00Cel·niclin, 7!:irlone .I. 112.50Crumble, Lrirraine P. ...... ................ Sst.5,)
1·16.2111·.mtii:inur·l, Phyllis . SnT.r, t,
. . . 1 S.1.5()7.50
IT„clckins, Elizabeth Z. :S:L.G.1Iruttner, I-)avicl ..............· ······· ········· 1.257,:'6Tovinr), Dolor,·,4 ................ ......... ·· 609.0.1Jr,hn,:on, .Ie:,11,1,· M. ..... 110.06Entz,·nber:ret . 1Cleanor J. ...... .. ... ...... 45:175Kins,·1, Kathe·ririe ............. ................ 1 11.:10Mne: Libin· Adler ......... .. ...,........ 7-10.00Malato. Italin ............. .... .......... 71,5.29Mize, II:irlan M. .................................. 775.05Mi,ri:iz-tr-, (':,5„1 .Trnn P. .... ..... ..... 77.-If)Mulvihill, The·,·:r· B........ ........ .......... 1,01':,56
····· ·················· 803.00N,:tz.,1, Thr,ra I. 1:12.00
85.00Nowlandr·r, 1:uth ..... ... . .. .. ..... ... 11,1.00O'Malloy, C:,thni·inc M. .. ........... 1,263.25P:ill. Vil·ginin F. ..... ....... ....... ....... 433.50Pollack. Cinrire K. ..... ... .. ....... ..... 56-4.00Ril,·v. Vainn TV. ................ ......... ..... 721.00
153.00Rohter Frank D. ....··· ······ 1,1·10.92RoN,·nbloom. Marianne G. ......................... 532.6.1Ros,·nthal, Libln· L. ................. .. ......... 517.50S:irnnels..Tar·tie r. ...···· ·· ·· ·· ·· ·· ·· ·· ········· ··· 134.50Scann,11, M:iry E. 132.nOSch:zefor. .Tran 271.76Shr·;,pard, Eliz:ihoth J. 114 4.figSulliv:in. Mn-1- M ... . ........ .... ... '11,3.00Thenharis. Anne H. ...····· ··········· ·· ··· 1 2.2.00Tlinmii:on. Carilinr· L. . ... .... 1·12.50Vanclrr 55,·lin:if, Phyllis D. KG.00VOing, Louis,· IT. ··· ············ '177.75 520,935.11
Refrlii,1. 1,/c· 5·,·partifi,in fri,in Service (,f %111,4*111,teor Tenip.,ritrily IC,I. 11]..yed 'I'r:wherM:
Adams,Elaine Y. ....... ·· ·$ 10 00Unlen, Artis B. .... ····· ·· '17.K1311lk:1, Raymond D. 322.56Burn„yne, 1:,6412,1 H. .· ·· 11.25C 1-:,re·ford, Kntherine ·······Critz,T, Joel G 15.L*2<'111·ti., Snmuel S. ,.- - .* UG·RSDorfner, Philip A. .············ 7 S.76Dwight, Isabel I-I. .. ......·· 05.SriI"nwl,·r, Ad:lliverne ......... 126.00Gondst,·in, Phyllis F. . 120.00H:insen, Bettr .T. 62100Horn:rnel,·., Misrtirlinst X. 151.50.Tnhnson, Mildrr·,1 L. 6·16.50Kloiirla, Robert G 301.00Lr·~·in, Arthur L. ....·······
210.(10T,„clorl):iurr, Cnrol 1'Mariji·am,1. Rul,r 1Sg.noM,·Gre, TVillinm D. 69S.50M,·I,nonf·, F.N.frip P. ......... 50.14Mr.rritt, 1\T:,iII·,·,·11 121.50N„i·t„n, I,loyd George 195.00T':1 knell. J:i/114'i ...... ·· 5%7.R'Pattv, Tommic, P. 2·10.00Pratr,·1·. 1-1:IMA R. ···· 105.00
109.70R:, pli , rionrge J . ..· ' le . 00T.r·r·,1. Elizab,.th D. 374.On1-tnvnholtz, Libbie n.Sphray,·r, Barbara M. ·· 482.25Sit·litik DAnnn E. R.1.00
109.50Trairl. 54,1121:1 E. .75.6 0Wri Bliiturtnri. Frn Tik S.···Wr·I,r·r. Hui·tori .14·!·r,in,• 151.*8TVillinnis, 7'h,·lip." 1. · · !1~).01) 7,857.20
.h7.'1(1Ynrhroiurli, Jo:< :,h W. .-·.
Awn IS 279 1958
Refunds and Death Benefits ( continued )lic·flind of C Otitrilititi,)11% 1(,I· 11 id(,1,-*,4 14·11+ionti, 14·rx,in N'(it 1·:latilled ti) Sitch Ilenell( :
Mc·Nally, Russell J. ...... .... .. 389.0.1 ns9.0·1Reft,!1(1,4 4,1 .trell,nuinted C (,Iltrit,litic,11+ (in Death:
1,arrett. 17,11:+ V. (/'crt,-i,·k ,7. Ii„)·,·"tt,.11,8. 71'. .1/c·.11,/1~/Te ci,iclMrs. Frank 1.ritch, brnrfiriuriou.,............. ....3 5,ASS.1,#
Berir. II : ize ! S . ( 1 )*,·of |1 ?/ Jillic j ;,·)-7 . 1,Clll ' ficill ,·!f ) ........ 4 . 0 % 7 . 75Cil ):, 1 : l . 1 ·. 1 . inces ( Mci ,· itin l·'. Cil,(11 , 1. brn ,·licit [· 11 ) ........ 4 . 666 . 2 , 1Ciltitlinirizilli . 'rere. a (·/ amra li . (: unni„ s,/mm . )„·,1 , 11 ,· i „ rN ) . 1 , 4711 . 25Grt·t:. Amn M. (Ed,1,1 .lf. (,c,·1.9, bric/1,·idi·,/) 563.50Lazear. Era A. (Emnt X. Liz:car hrir) ............... 4,911.501 '., lmer . R . I ,(, uiNe Paimer trn, i Ia,·1 , 1 A .Pulmer. heirs) .
I ............... !, t :. 00Powel·54, Wyneona L. C.lf,zi·ion /). 1,0 14'*·1·,4, 1'1·int,·Tx .1/.
1 '01,· c ·,·8, und Elizabeth l 'ou · eis . lieneticitiriCR ) . · ts . 00Reed, Roscoe J. (bmmwd V. Po¢·11/8. fidmini.,anitor)... 711.4.1Stodola, Frances (Am,/ Xtodola, /icir) , .. . . .. ··· · ·· · 54.75 25.779.l S
Kim:le 1':Iyment nenent oil Death of Te,wherv:Barrett . Ella V. r Patriel: . 1 . Barrett . 1! nR . T. Mc .\ tiliffc(ind Ah·8 . 1·' rank Lmdi . bene//, 7 ,< ric :) ......· . 2.500.00Bengston, Melvin (Nt el/(; L. liril,1,ton. /)on N. 1;r,1,1,Awlanct j}i,111(1 Marie Thcul,ahl, licirm ) . . . . . . . . . .. . . . . · · · · 25"0.00Berg, 1 -Inze. l S . ( 1)01·0112 71 JI ne ncrg. be Jirliri„ m) ········ 2 , 51 , 0 . 00Cipal : t , Frances ( Mm- irrn F. Cip<11 ,1 . brnefirinni ) ......,. 2 , 5011 . 00(' 11 ! iningh : im , Tell ·. 51 (•/ ame.: /). f lin,lint, hilin , brn < 11 ,· ian#) 2 . 5 1 / 1 /. 00(; ort ...loan M . ( Edna M . (;crts . bi'nellri, 1 1 , 11 ) ............ rinn , nr~L'izear, Eva A. (/ ·1·,1,:l.· N. Let:Tar. hcir) .....········ .. 2,61) (1.0011,4.1. 1{oscoe .1. (//,11/in ond 1-. 11(}f'h N . ct,im in i Nt i·,if or ) 5,)0.00Stdola, France. (kiny Stodom. licir) 1,500.00 17,500.00
Mingle 1'111·11,4·11¢ Ilenelit on Death „f Tezielier--Pernvionerx:Anderson , Luella S . ( Emmci Sliring . lic ),ellriii )- 11 ) . 500 . 00
(14·(ink A . Hinrer, Ar. bimelitinry )··· 506 . 00
1,i~,e~~~~.:;:,1:~~1~1:rypRLhY~'7.c;~.1~1~'1~'~/I''~h~nc:/r~.,.ai~~)....... 51,t.E(; illitlirn· 11 , .I : irnev M . C ('1(tra P . G iintlic„-1 ). benclicini -!') ... 500 . 60Me.\11,ine. Ch:lili'>4 V. f L uton Tru~t Cumvirit~/. i'J·relitor). 500.1)0 3.BOO.00
1{,·fir,1,1. 01' Con tri Ii,Itic,1,3 for Arr, ic·4. in I..„·;44 of ·15 . 4·:trMiii t],(· A „1„1 nt .'LI)1)11,·1~|,14· 11,4 111~ ()lr,44•1 1„ 11„· I)elic·ienc•y firMer,ic·<· Pric,r („ .YE,1,· 11)3[:
c ''114:11]in. Ann:, 1 .5 7.4,651':,1,·16:1(·in, 1,11(·1· . .. 682.KnLw·:6, M:iry T.. 2.(/2Spit·Arl, 1/.iry C. . 2·10.;D 1.409.47
Irefi: 11(1 11/'· /Crrir:ilinrich:, M:,1·ie .\. 117.00 117.06
11€·fil],(IM :1/4• .141.1 1]Nt Inen (M ili It ittew 01' C.„trilititi,) 1,%:13*·i.1::. 01:r., 11. ... ......... -LOS71111'kt·. It iS V Cf.·10
1 1.<xfil'lill(l>~tloIll, }Cligellia __ 1%0.110Holkil)*•/·%. Clarveu I,. .... 36.75li:LK:011. Pati-icia ... ........, 7.10Kuphlt}uni. ('armen . 55.50Mon·ison, Glorin H. 36.05M'il,-·11,·r. Mary G. 17.76Pareti, Antoinette .7...... .... .. 14.20Rint-dan, Mary K. ., 1.37Wern·, Maribm R. ·· 1.70 895.26
$77,785.86
On motion by Miss Taggart, seconded by Mr. Meiordierks, tho foregoing re-ports and recommendations of the committee were approved. Expendituresfor the payment of refunds and death benefits were authorized and confirmedfor each account shown above by the following roll-call vote :Aves-Mr. Petrie, Mr. Moierdierks, Miss Taggart, Dr. Lally, Mrs. Light-5Nays-None.
Api il IS 281) 1958
Duplicate WarrantThe Committee on Finance reported that the pei·son named below requesteda duplicate warrant in lieu of the following described check which was re-ceived and lost. An affidavit certifying this loss and indemnifying the Fundagainst any liability, damage or expense which may result by reason ofissuing such duplicate warrant was duly filed. Therefore, the committeerecommended that a warrant be issued to the person named below in theamount indicated.
N timber Dnte 1''Irlici.r1.,·vy, I,illian M. .. 3,11 5,11 11/30/57 Pellsion paymt·nt
Oil motion by Miss; Taggart, seconcled by Mr. Meierdierks, the recommenda-tion of the committee was approved and the warrant was ordered drawn bythe following roll-call vote:
Ayes-Mr. Petrie, JIr. Meierclierks, Mi:s Tag·gart, Dr, Lally, Mrs. Light-5,Nays-None.
Purchase of Bonds ConfirmedIn accordance with the advice of Stanclard & Poor's Corporation, investmentCounsel, and iii a mail vote prior to the date of this meeting, the Committeeon Finance reported that the following securities were approved on the yieldbasis noted plus accrued interest. The committee recommended that the mir-chase of these securities be confirmed ancl that the bonds be registered in thename of the Fund.
Amount I)€•M;riliti(in <if Ilind'4 Dilte Dnte of 'ro( ID:Ir 1-:Ilite) 1-111,14· (if Firm I+Mited Mnt,Irity Yield
5200.(100 Carolina power & Light Co. ·114% 2/1/58 3/1/88 4.0041"ir>:t Mw·tnag,· I':c,nils
St,:1·11 111·ns. & (",Stifu·1, Xic„1:li:>4 & ('c)., Iric.
200.000 ('entral Illinois Ihiblic· Service Co. 2/1/58 2/1/SS 1.01 4·HA'; First Mort:rng,· 1'„11*ls
L. F. Itoth:chil,1 k ('0.S:ilc,mon ]:i·„H. & JI),tz.lei·
100.000 Florid:, Power & Light (.'„. 11.8 ',2, 1/1/68 4/1/88 .1.05%1·'ir:4 jl{)1'1 ;rag'· | ~umb
IL. 9. I)i,·1~„„ (-'c,-.Ti/li,·/1 ('„11/n'. k ('".Ricider, 1'0:thody A· C.,0.L. F. Rothv·hil,1 & C'i,
100,000 Now Y(,rk State ]·:loc·tril· & C;:iS 2/1/5S 2/1/SS 3.80':< ..1"1~. / 7/ ri' 5 14'11'.vt Mi)11<:'Art· }3(inds
Kic/(ler, /'e.·tbody & 00.
On motion hy 1Iiss Taggart, seconded hy Mr. Meierdierks, the above trails-actions were approved and confirmed by the following roll-call vote:
Ayes-Mr. Petrie, Mr. Meierclierks, Miss Taggart, Dr. Lally, Mrs. Lijrht-5.Nays-Noii e.
-11,1,118 281 1953
Appoint Chairman Pro-Tem
In the absence of lIrs. Johnson, Chairman of the Committee on Annuities andCredentials, Mr. Meierclierks was appointed by the president to serve as chair-man pro-tem of this committee.
REPORT OF COMMITTEE ON ANNUITIESAND CREDENTIALS
PensionsThe Committee on Annuities and Credentials reported that applications forpensions were prosented for persons, hereinafter listed, with the recommenda-tion that the pensions be approved and granted in the anlounts and underthe conditions set forth herewith. In the case of each applicant for serviceor disability retirement pension, the employment of the tencher had tormi-nated, the leg:illy presci·ibed minimum years of teaching service were com-pleted, and requirements with respect to age (if applicable) were fulfilled.Each applicant for disability pension was declared by three competent phy-sicians to be sufrel·ing froin a disability which wholly and presumably per-maliently incapacitates him for teaching. The applicant for widow's pensionfurnished proper evidence of her right to receive such pension.
M,mlier'..,·11(4,1 Meriici 7. Annimlor 1. rM . i '(·, 1 . i ,) 11
in]:24• „f llrillier Me"'herb, 41:it,i,·· 114,1 1):/" M 1.. '." la lt·,/4----1-i- -Il--
()ptic,ntil S(·rric·*, 12<,tirr„wnt- IS. 12i;alliti. iri,se s. .Substitute . ..11-X-10 :;/ 1 /:, 8 5 7<
10·1%, (>live P..... ,. 1:owen Iligh 32-5-()4) 2/15/58 -3 " 1 *i .C,046 · D ; Brem,· 1 '. Mal · ion K . . Scott . 0 . 3/ RAS'11,47 (ill·,At01)hrl·31·11,
Flot·unce :\I..... ..Blwlding Eli·in. ,.,.::3-4-11'1 1/ 1/38 2,AGS.36h232 Doli:thoo, Ion·a,.1......Nettelhoi·>=t _., .;11,-1 -4111 2/ 1/5,8 :1,18,;.72751:i 1)()11;rherty, 01·11•,·H ..1);rden .~....... .12-4-10 ./ 1/.6 ':,Al:2.6/)!1 f;.1!I Gullit·andien.
Al>·(1:1 C. H. .........Hubstitule ......,..22-1-10 10/2,4/57 1.180.:,2Ilf)*;3 (;112·. Walter .\. .. Foreman Iligh ..:i:-5-11(1 3/24/68 . 1... ,"
6662 Hovo·. 10:ther· 11. ...Steininetz Ili##h ..26-6-10 2/ 1/58 I 1.- el,
Hlint,·r..1:une,~ J. ...1.:in,· 74'ch. ilixh ..29-7-00 2,/1:2':18 2,71)6.14;4647 Ime:,5, 31'21·r- T. .......>:hirlds ............ 15-8-01 3/15/-,8 .1,1111;.16Knt MA.:1\. 11'den IL . .1:eale .... ·m-i,-Oil 2/ 1/68 1,4(11.7,;in,52 M,·X:illy. 1:u::.,·11.1. .Hirm·h Iii;r11... .5:1-5-10 3/ 1/58 1.K(,7./(1
1':iliti, r, 1·-1·:Inces A. .·\ 67/:isiz ..... :;,I-:;-111 2/ 1/5X '.225.1%iii,54 1':Ilk,·1. 1·ith,·1 .......11:11·lier High ..... :5-1-Oil 2/ 8/68 :i,1·15.2041,55 36-1-00 3/ 1/58 ;.1,12.8-1465% guirin, 11*114·11 A. ......11:li<son 11:irk . 11-"-111 10/ 4/57 :1.85, 5¢;
Schmitt, Adi·le ........Harry .. ';1-2-(1" ." ."D..AS~ Spic;rel. Mnry C. ......>mniner . 4 5-2,-/'H 2/ 1/58 .1,0*IS.444,4; 1 \:u,derhoof, M:tig·al·et.Whields ......,... ~:4-1-"40 1/28/58 3,340.82
iGmpulsory Serrice 12,·tirement
f,1,1 1 1ht·t·(>tt. .\ Hit:i (1. ......I tlike ... '··ft)..2-00 1/ 8/58 :,5.'.,/Sn,15:1 Butlpr, Hertim H. ......1 urnyide-Cole>: ....·11-3-10 -/ '/:). ;,015.On•!11,1,2 (*(,11, hlin, .\1111:, l'C. .,..\1"r>40 ..,. ...,..
..17-1-0:; 3/1 X/68 4,010.16*!,6,18 1·,cl,·1.t,·in, IAicy .......Delano ....... 46-8-16 10/22/57 3,!111.16*
"1,1,1 4,1,ZIH.·111. .\11411>:t:/ 1.. ,.\V,·1jer 21-!1-10 2/ 1/50 2,2,0.2·141; 6 " Ilifilic·11·:, 1,1·. .11:,!·i,·:\..1-111/·.-}14·:tlt)) Se·l·vic'05; 6-9-00 2/ 1/5X h..,I.-
1::1111 Ill:,11 1.illi:,11 A. .>010HH)I~ ...........41-0-All 2/22/58 3,677.16*,It.,1,·. ,/ild/·•·,1 ...K"Hy 1/1. h ..86-1-00 2/ 1/65 3,2.15.76
April 18 2..52 1958
Pensions ( i ·,„1timed)
Mi•itilier'* Ach„41 bill·. ice '1'4, Annualor 1 r . Due 114• taxic, IlN.. V:li:w of Minther M, nl])er'M StMttlM 11 „M. li):BYM Frii:" 1 t:i ' '·
(.'omptilsory Serrici • iti •tiri ·,iwnt /'ci:.. iii„ K c ,· untiuri ,· r /)
9G5G Penney, Dolores C. ... Fol·,·st,·ille .... .2 1-5-10 2/ 1 / 6 < 2.2 11;.0.19 G57 Plachota, M:le M. ......1·-:irragilt }tioh ....·12-6-10 2/20/38 3,822.24Roberts.'Winnie L.....Penn .......... ...26-0-00 -/ d /.). 2,751.SS•8 1 !1 7 Sheehy, Stella F. ...... Kenwor,d 43-0-10 2/ 1/58 2,011.GS*9669 Simmons, Edna W. .... Mr,r>:0 ... U)-1-10 ::/2,1/5% 3.1,:;7.:~2*!1670 Slattery, Franci·K A....1:e;Lubion .. ....35-0-10 3/15/5% 3,lAi.GS*9660 Tierney, Mary S. ......(;regory ....... ..41-2-00 2/ 1/5S 3.6$:.0.1.520·1 TV:irdr. Mary E........Manierre . 32-0-00 2/ 1/58 2,8,1.1.16•* Emeritus f cacher refired (dtri · re -cmployment (.11 n trmlic , rili · 11 11 (1 . in
Disability Retirement PensionsD-471 Br:inrit, K:lthorine P... 11:1 li n ........ .29-1-00 2/ 2/57 2,114.40I)-475 Evers. Justine S. ....>;1111 i ,·an Elom. .. .:'0-3 -of) 4/27/57 2 271.12D-·176 MeGinnis, Dorothy H...\lt;reld . .21-4-10 5/27/57 1,8DS.28
iridolo's Pension
WA -17 Gunthorp, Clut·a P. ......................35-7-17 3/lS/5.5 1,273.56(Witiolo *d Jin}le. .W. fit{)tfltri)·1). Aft,hri·-p,)1*i,in,·r)
Summary ,)/ Pe!,sions Granted
Opti~,11:il s,·rvi,·,· I···lirt'111(-·ilt pr·11.ii,ns ... ....20Compill,sory Mervire rptir,·Inellt pr rision. .. ..11;Dis:Lbility retir,·ment I),·17:ions .IVidnw'., pelliion ..... ...... 1
On motion by Mr, Meierdierks, seconded by Dr. Lally, the recommendation ofthe committee was approved and the service and disability retirement pen-sion:, and widow's pension, listed above, were granted by the followingroll-call vote:
Ayes-Mr. Petrie, Mr. Meierdierks, Miss Taggart, Dr. Lally, Mrs. Light--5,Nays-None.
253 1958April IS
Appointment .of Physicians
Applications for disability pensions were submitted with the recommendationthat physicians be appointed for the examination of the applicants.
On motion by Mr. I\Ieierdierks, seconded by Dr. Lally, the appointment of thephysicians, listed below, was authorized.
James A. Schoenberger, M.D.,350 Sherwood Court, LaGrange Park, Ill.Virginia Tarlow, M.D., 670 N. I\Iichigan Ave., Chicago, Ill.Charles B. Congdon, 1\I.D., 6 N. Michigan Ave., Chicago, Ill.
To examine: Christ Kar(las, Chicago Vocational High School
S. A. Maslanka, M.D.,25 E. Washington St., Chicago, Ill.Virginia Tarlow, M.D., 670 N. Michigan Ave., Chicago, Ill.Chal·les B. Con:dom M.D., 6 N. Michigan Ave., Chicago, Ill.
To examine: Della L. Masterson, Clay School
Revision in Rate of Pension
The Committee on Annuities and Credentials rel,orted that on March 12, 1958the Board of Education changed the date of resignation for Anita D. Maloyfrom February 1, 1957 to February 15, 1957. Their records also show thatMrs. Maloy was employed as a teacher during the first 1)ayroll period inFebruary 1957 and thal pension contributions were deducted from her salary.
Since a pension was granted to Airs. Maloy as of February 1, 1957 (the effec-tive date of resignation approved previously by the Board of Education), thecommittee recommended (1) that her service credits be changed from 35 years4 months to 35 years 41.6 months; (2) that the rate of her pension be changedfrom $3,040.68 to $3,050.6.1 per year efFeetive February 15, 1957; (3) thatadjustments be authorized for pension payments made prior to this date ; and(4) that the records of the Fund be revised to reflect these corrections.
On motion by Mr. Meierdierks, seconded by Dr. Lally, the recommendationsof the cominittee were approved and the above-described revision in rate ofpension was duly authorized by the following roll-call vote:
Ayes-I\Ir. Petrie, Dr. Lally, 1\Ir. Meierdierks, Miss Taggart, AIrs. Light-5.Nays-None.
Denial of Disability Retirement PensionThe Committee on Annuities and Credentials reported that on advice of aphysician who examined 1\Ir. John A. Moretti for the Board of Trustees onSeptember 30, 1957, a second application for disability retirement pensionwas accepted and re-examinations by additional physicians wore authorized.
Ai,ril 1,9 284 1958
Denial of Disability Retirement Pension ( rontintled I
Rel)(irts of these examinations certify that Mr. Moretti is not suirering iroma disal,ility which wholiy and pres:uniably permanently incapacitates him forteaching. Therefore. the committee recommended that this disability retire-ment pension be denied.
On motion by Mr. Meierdierks, seconded hy Dr. I,ally and in accordance withthe recommendation of the committee, a disability retirement pension to :\Ii·.John A. Moretti was denied by the following roll-call vote:
Ayes-Mr. Petrie, Dr. Lally, Mr. Mcierclierks, Miss Taggart, Mrs. Light-5.Nays-None.
Cancellation of Pension
The Committee on Annuities and Credentials reported that the following pen-sioner has; been re-employed as a teacher by the Chicago Board of Eclueation.Therefore, pursuant to the law, the committee recommended that the pensionof the pei·::on, hereinafter listed, be cancelled as of the efFective clate ofre-employment.
Type of Riltr „f I):IteNnnie 1.(•,1'*iola Pen.ion R r-enal,inyed
1·'.1,1,16, Nellie K. .H,·i'Vier. . 8/S 1/5 8.:2,1~17."S·
On motion by Mr. Meierdierks, seconded by Dr. Lally and hy the followingroll-c:111 vote, pension for the person listed al,ove was ordered cancelled onthe date indicated.
Ayes-Mr. Petrie, Dr. Lally, lh·. Mciri'clierks. Miss Taggart, Mrs. Light-5.Nays-None.
Outside Time and Military Service
The Committee on Annuities ::lid Creclentials rel)orted that :illiclavits, or otherevidence, attesting to or cel'lifying (1) service in the public' schools of theseveral states or in schools operated by or under the auspices of the UnitedStates outside of the City of Chic:igo; (2) tinic spent in the military serviceof the United Stateg during thi' pension period; and (3) employment by theChicago Board of Education as a school ck:rl: were presented for the personshereinafter listed with the recommenclation that they be approved ; providedthat in the case of outside teaching servier no more than 10 years be credite(1and also that the last threr-fifths of tlic. minimum term of srrvic·r for whichan annuity is granted shall be in the public schools of the city.
·\Fril tB ~2N3 I 95S
Outside Time and Military Service c wnti,illi '( 1 )
Service Service C reclitwI:inte (,f lic•mher S:]1„01 (1)Igrilition) (irM. 110+. 1):ly,4)
Traching Serrice in Pithlic Schoots i ir l Iider .·luspices of the U.S.Hrel..·r. C:troline C. . . Xml .· ..1.:le ' 'R 7-B-OuCer.·<.i. 1::itherin,· . ......Stil,st,Lute .. .hme 1 11 ,/-0-/12)qry IC. 'enel br 1-.·-,-
Kelly. .I:ine c. . .'PHI ...... .... .-~eae 1 1/ 1-0-"i,tAle: ,)11. 1)1:111: A. . >4111):tittlle ..... . Pac 1 1 4 1 -"-""I-,··yden. I,:1111·etta 11. 1:/-01'Hon . ... . ' 'eae 1 3% 5-4-9/Mon·i:on. D'l·ances F. ... .Stil,stitlite ...... .~-'eae 3 1,4 1-lt-OllNaffzi;r,·i·. 1·:1(11,11 1·'. . ir/·ight 131·. .lr. c'01. . 1':le 1 1 11' 7-11-c)()Handroff. Mary E. .. i.ocl:' ~/. 1 1;r (-4-(11)Seeley, i,allrel S. . .........Barry ......... nme 1 K 1)-h-1(1Swor. 1:01„·rt Lee . Substittlte ....,. ~ 'eae 1 Er 2-0-Hil11'alchirk, 0:, :lr . .Chic·:ur.) 'ren. Col. . 'pac 1 1.-r 0-5-15ivi·1·lm:rn. Zoe ..... ..Sill):tililte ...- ....... /'-ae 1 K 1-0-/10Whibby. Jamrs L. . Cl)1111:M .. 1.lic 1 -1,4 ::-0-(11)
Militcary Service of the United States1,1ik ,·ris. Arthlir Tr- ..... Madison . ... ililit:ti·,· 3-5-15Walchirk, ()1·:t/· ... .Chic:,go ''··:,. Ci,!. Militan· 3-5-00
Employ„,c,itt in Other Chicago Gorernmental UnitsNulhallser. Mil'i:,m ...Nettelhorst ..........School Clerk .... 0-8-15>;i,eley, f.:1/in·l S. ..... ..Barry ......,.........School (Nork . 2-1-00
On motion by Mi: Mcierilierks, seconded by Dr. Lally, the outside time andnjilitary service for the persons listed wore approved by the following roll-call vote:
Ayes-Mr. Petrie, Mr. Meierdierks, Miss Taggart, Dr. Lally, Mrs. Light>-5.Nays-None.
ADJOURNMENT
On motion by Miss Taggart, seconded by I\Irs. Light, the meeting adjournedto meet at the call of the Secretary.
Reconling Secretary,
June· 20 287 1958
REPORT OF TlIE PROCEEDINGS
OF THE
Board of Trustees11 OF THE
Public School Teachers' Pension andRetirement Fund of Chicago
Regular Meeting-Official Report
Friday, June 20, 1958
A regular meeting of the Board of Trustees of the Public School Teachers'pension and Retirement Fund of Chicago was held Friday, June 20, 1958.
The Presiclent, Mr. Petrie, called the meeting to order at 2:00 P.M.
ROLL CALLMcinliers present: Ml·. Petrie, Mrs, Jolmsen, 111·. Meierclierks, Miss Taggart,Dr. 1,ally, Mr. Caples, Mrs. Light-7.
Members absent: Mr. Pasnick, Mr. Whiston-2.(!"( 1 117, i .': ton ti · r ,· 4 · din · to thi n ¢·('(' N .vit ,/ of brin !; (Utt of
Chicasp, wl Misine.....)
APPROVAL OF MINUTES| On motion hy Mrs. Light, seconded by Miss Taggart, the minutes of the regular
meeting of April 18, 11)58 were approved as printed.
June 20 288 195S
REPORT OF FINANCIAL SECRETARYFinancial Statement
January 1, 1958 through April :10, 1958
I,1-]CM'r.NI·:NT ./(co/-X'r
Inve,tillen(M,.1111]unry 1,11}58 zat P.ir i-:11!ir
Bc,11(13 „f the United St:itc·>: :ind i,f theState of Illinois :in,1 its 01111(liz·i.ic,ns......... ..$:10,l A.1,7·17.5·1
Corporat,·· brind H . 1~,0:,0,(,00.00Chic·:igo Bo:ird of 1·:cltic·:ition *2;
tax anticipation IL·.11·1·ants ................ 100.00
Total ........ 539.27·t,S47.54Add total invested . 2,000,000.00Deduct bonds matured 15:;,SOO.00
Iti,(•Mt 51:ent., Xpri 1 30. 1:)50 „t i':ir 1 :iliteIgoticls of the Unite·cl States Und (,f thi·
Stat,· .1- 11111101: und il: Mul,(lizisiuns..... 20,681,2·17.54Corporate 1,onds ......... ..... .. 10,·190,000.00Chicasro 13,).ird <,f !·:(111(·:itic)17 6';
anticipation wurrant:.................... 100.00
TOT.iI, INVES'1*ENTS, .CI'nIT. 30, 19,55. $41.121.347.5.1-
lEi·:C']CIP'l'>< .CU} 1)14!11-IE~~IC,II,Ci'I'>4
C:14]1 Unlance, A:intrn/,- 1, 1,)54c.ish-City Tr,·:,surer ... .5 185.6!)5.66C':ish-Contint.rent fund . . 4.590.15 190.255.81
HIC,( I·ill'i'%
[la,·4'MInic.!1' 1 11('(11„r
Int,·rest I·()111„,rly prrixi·~~ted fnr· t):0 Na·nt.... 517,071.41Int,·I·est income. on tempor:try inve:tments. 14,1:;3.61
Tzix Ci,]1(·,·fic,1,4 Rentined 1„ 111(' Flindfc ' r 1 ,160 : in , 1 81· i , H .....·· .· ill ..19
L,· i 1· for 1 :15 1,. 152,·179.00 153,220.99
Contrililitic„IM ]13· I'zirtiel Ii:rnt,4 (4:11:try I)T,111('ti,in,01,58.372.*1
2,174;,876.17Ollie'e f Iriployees .... ...················ ·····
( :LAh l'zi. m,·nt. t„ 1''limi li. 1':i'"li€'iii:int.thic:LArn ti·:lehing :,·tri,'P··········•···· 12f.1 RS.82()there.hic:,4,0 ,„,rviri· .,11,1 „111:,ide tim,·. 22,1; 10.61Irite re,it 10.003.74 1 GO. X03.17
Bon{[M lifilerinet] itt 1':ir i :1111(• 152,500.00
1-· M. 'I're:IMilry 11111,4 1{(·414•rlill'(1 :11 0)'41 . 1,41 6,SO 6.39
In€·(Ime fri,in Nt:lte Dip,trilititi ir 1'11!1(1. 5:&5.130.11
MiM('(•1|Iln(•4)11+
Reiml,111'Sement for une:11-ni'(l lit·11:irill 11:ty!11('nt ....-.- 12.00
70'r·U, m:c}:1,04 .Tgr:.im- 1 Tintu .\1'11!1.30, 1958..... 5,1111,616.SS
7'('i'.W, Irl:( 1:iI'}·S .iND liI:,;INNIXI; Il.U,·1)('1 8 5.:951.902.Gn
June 20 289 1938
1) 1% 11 U R<1.11 1 1NTS
Refund,i cif Men:lier,4' c ontributi(,Il,4, *m to
Re>:i;rilation of regillarly .li)]}ointed te:whers. . 50,7:;S.17Withdrawal Of tempornrily employed tonchers.... 17.886.50Ch:lige,4 in rates of contributions. ............... 1,207.82,-Service inexce:sof ·15 year:.Retirement of unmarried mall • te . teller: ( Widow ' A
1,667.66pe?INHUL) .................
Duplication in dedtiction: 1,1· 110:ird of Education. 1,201.71Time not creclitable fri· I},·11:4ion. ...~.~- .......... 651.06 $ 76,562.39
Pe„Mic),1 zand Henellt li:ly!,lent,4
Service retirement ........ ..$2,1/29,698.70I)isal)ilily ........ ... 62,8,56.60
.. 15.837.50Rever·Sionary ................ .... 2.707.2.1
3.011,0.10.10Acid Blite Cross premiums. 73,578.GS
:LOS·1,608.78Deduct Blue Cross pr,·mium>; withheld. 73.6(,5.26 3 ,011.003.32
Refundw of contributic,11.. . 611 76%.1,7Single-suin benefit.: on dratii in service 42.50().00$500 br·in·ilts on death of Densionet:... 6.500.00 118.758.67 3,129,762.19
Admint,4(rative I·GxpenMe
Sal:ir>· ext)onse:Net salaries Paid........ '. 2·1,+98.75Contributiomi for Ilerisiolls ..... ~ ... 2,21;:1.80131lle Cross premillms withheld...... :152.·tOIncome tax withhold. 5,450.85
32.965.Sy£1111103'er'M sh:ire Blue CroMS Dreiniti,174 51.00 33,016.S,3
171·(,frAMIO.1.11 services:Aildit for yeal· undrcl S/31/57-lic·:it,
Marwick, Mitchell & Co. 4,500.00I,,·Kral service 9/18/57-3/1S/5,8-Kit·k_
1:ind, Fleming, Ch·Gen, M':arlin & Ellis 2,500.00JEedical .......... 297.SO 7.297.50
Oflice facilities:Rent-·1 months 1,715.40Electricitr ..... 153.72Telephone . 140.0.1 2,0 4 S.9 6
Tabulating service:Teachers' contribution cr,»dits 3,031.11Actuarial and insurance statistics,. 2,759.40l'ension p:tyroll 1,000.94Oflice administration . 65.so 6,857.SO
Ommy·xpense, rquipment, etc.Oilirl· Hilpi,!irm .... 927.7411*M electric typer,·riter..... 440.00'1'yl),·U'rit,·1· st:111(1, (2) 1 nci.!,6Stor:IMB cril)inets and installation. . - !):;.051 '(}Sit 'l Ke 1,56062('ost of hon,1 and intereit collortion. 126.v;Mairiterillnel' on nlner m:lehines. 285~HtMailing contributors' statements. 1 4 :t.¢; 5 3,727.56
I'rititing:Oflic·r fot'nis :111(1 Stil)plies. 1,791.00
1.537.2"Bullftin, ·················· STS. 1:: 4,206.33
Mi:rellalleoux expenses:Profession:11 nss<,c'intion expense. 1·10.noMmn·:mer. premillms.... . ... 1!)R,.1.1Con vent ir,11 Px Pri~ 90 0 . - . 655.98'I'.u'.te(·s' ext)¢.·1141' .. 132.76 1.136.18 $ 58,291.16
June .0 290 1958
Long-term Inve,dments;Bonds purchased (par value). ...$ 2,000,000.00Plus premium ............... .. 15,367.75
2,015,357.75Less discount 2.320.34
Purchase price . 2,013,027.21Accrued interest paid .- 5,385.74 $ 2,018,412.95
TOTAL DISBURSEMENTS, JANUXILY 1 T]II:U .iI'IHI. 30, 11}58. 5 5,283,028.69CnMh Rnliance, April 30,1958
Cash-City Treasurer . 63.88,1.13Cash-Contingent fund ... .1,9#9.87 $ GS,87·1.00
Respectfully submitted,
GEORGE O. MEIERDIERKS,Financial Secretary
On motion by Mr. Meierdierks, seconded by Dr. Lally, the four-month state-ment of the Financial Secretary for the period from January 1, 1958 throughApril 30, 1958 was approved and ordered printed in the proceedings of thismeeting.
REPORT OF COMMITTEE ON FINANCEReimbursement of Contingent Account
The Committee on Finance reported that reeeipted bills, cancelled checks,bank statements, and other supporting documents covering expenditures forthe period from April 9, 1958 through June 5, 1958, inclusive, and totaling$541.86 were audited.The committee found that expenditures had been made properly and recom-mended that this account be reimbursed in the aforesaid amount.
BillsThe following bills were presented with the recommendation that they beapproved and paid.
.itl:1,4 Slationer,4:4/29/58 Ofiler quI)])11,·s ..,..5 82,185/29/58 (-)fllce supplies 58.44 5 1 1 0.62
Hoaril nf F.41,1(•:lti,in of (1„' ("ily of Cltic•Zign:4/16/58 Preparation of t.,1,111;itin#; i·n!·Als: shriwiri,r trnr·her:;'
4 , 11 : try ded urti , MH fi ,r ench puyroH PHRM from..4.-1/1/58 to 3/31/50 -').'.-/
1 IV. Hoehin Company:4/14/1,9 Mimeograph supplies 11.206/ 4/58 Mimeograph sup , ilips . 1 9. 92 31 . 12
I[nyept St:IliMfic·:11 44(rvic·c·, li,i·.:3/31//AS Trarhors' Coritrit,lition ,·!·,·dit' 1RG."5
tn Actzi,il·in] statistic·H :1,1,1 ill'4'11:lnee repc)1·1: 1 5 1.155/31/58 Pfns,ion prly,·oll clinner·: in .·\111·il find May... 72.60
Ofllee ndministration ·· 11.65 427.73Iiatern:Itionn] I;:IMi„r·44 'tfa-hinev C„r,„iriifi„li:
6/ 6/58 Labor :in,1 p.irt for *.1,·,·tric· tz t), zrrit,·r... ... 17.50
June 20 291 1958
BillS (contint,cd)Cle<'orinick nitd I[enderxon, Inc.:
4 / 7 / 55 Printed forins :ind supplies ..... ... I . I 647 . 65t (1)
5/2 8/68 t'N?~XM~~kiltr°Aficilfrr: of 1:oard of Trustees.. 28:1.701,767.75
22,000 bulletins (Pl·ilitin;.r, 711*lilinir, 1~ostilge) 506.65 3,265.75
I'lti,ry-114),i·rs. Ine.:6/ 4/58 Postage meter rental 6/1/GS through S/31/5S ............. 36.00
Tiallilizin-1{01,1,1,1% 4 C „mtinny:5/ ~ /5~ Interest colltion leclger vl~rets fc , I · the City Tre : 1911 Ic' r ........ 85 . 15
Phy,drizinM:
5/ 1/SS Vii·Kinia Tai·low, M.D., ]Cxaminatinn of Dvlla L. 1\Insterson.. 25.005/ 8/58 Virginia Tarlow, Al.11.. 1. x.1,111 11.ltion of Christ Kardis...... 25.005/27/5X Ch:11·1*·s H. ('c,ligdon. M .1 )., 1·:x:injination of I),·11:2 L. Masterson 25.005/27/58 Ch:liles B. Congdon, M.11., 1·:x.irninatit,11 01' Christ Kardas.... 25.00
S /}re/:11 Mer,·/reM:6/18/5S 1:irkl.ind, 1,11<rning. (31·4·,i,~, 11:21·tin & Ellis:
Leg:il services from 3/18/58 to 6/18/06....········-······ 1,250.005/27/58 Standar,1 & 14,01·'s Coll)01:ltion:
Inve:tment eounst·ling from 6/10/5S to 6/10/59. ··········· 6,000.00
$11,5 S 7.1 ·1
On motion by liIiss Taggart, seconded by Mr, Meierdierks, the foregoing re-ports and recommendations of the committee were approved. Reimbursementof the contingent account and payment of bills, listed above, were authorizedby the following roll-call vote:
Ayes-Mr. Petrie, Mrs. Johnson, Mr. Meierdierks, Miss Taggart, Dr. Lally,Mr. Caples, Mrs. Light--7. Nays-None.
Refunds and Death BenefitsThe Committee on Finance reported that documents pertaining to claims forrefunds and death benefits for persons listed herewith were examined andverified. Applications for refunds a,/c resignation were made by persons whoare no longer employed as teachers by the Board of Education. In the caseof Ruth S. Smith, application for refund is in lieu of an application for retire-ment pension and is accompanied by a written release to the effect that, uponreceipt of such refund, she shall have no further interest in or claim againstthe Fund. Claims for refunds of contributions and for benefits payable ondeath of teachers and pensioners were determined after certifying dates ofdeath and establishing proper evidence for each beneficiary, administrator orexecutor. The committee recommended, therefore. that refunds and deathbenefits be granted to persons listed herewith iii the amounts specified,
The committee reported further that other refunds to contributors, listedherein, were paid at the time reports on audits of such contributors' accountswere submitted. All such refunds were due to changes in rates of contribu-tions for creditable service or to other required adjustments in the applicationof automatic increases in rates of contributions by the Board of Education.It was recommended that the payment of these refunds be confirmed andapproved.
June 20 292 1958
Refunds and Death Benefits Ceontinued)
Refund,4 11/e IteMIArnation of Itegillarly Ell,Ii](iyed 11431:ilierM:Akin, Grace Y. .F ':5:;.75Albright, 1.)aniel 647.STAnderson, 1Cdward H 2,1 52.(11;Astroski, I[elen M. .. 1,5:111.0(}Bakal, llc,bert:L K. il!1.17Bet·111:117, J„i- I:. ................................... 211'.7 5Hinder, Helen 114.00Bmnars, D,·lores 47·1.1-1Bronstein. Sophia L. .. 316.75Bunch, Willinin D. ... ...... ............. .... 1,:;102.38Bullet·, Charline S. ......... ..................... 501.onByrd, Geraldine B. 935.00Caditz, ROS:llind S. ................................ 10.()0Calder, Rutli L. ... 201.<,0Coriziellv, Margaret 0.. 674.75D:inzig. Led,L 463.50Dever, Butty E. 1,0,)1.(10Edt·Ison, Rose A. 1,335.61Edgar, Leah Judith ........ .... ............. ·1:„1.50Form,in, Gertrude R. ............. ......... .. ·t:,0.50(;inzlinger, Elizal),·th M.Gro..rn:in. M>'rn:L --I'.'.,
Hersh, l'alricia T. ... ········ ....... ........ 2.1().1/1Jeschke, Gloria- . 11*.75I~adison, June ..... 1 005.:,0
'456.59Lavin, Henrietta 1.k::7.50Lynn, Frances V. ........····· . ............... 1.ONG.68
59).0()MeN:imara, Mary M.JI,·ltzer, I.ort·:Line 481.50
2·10.00Moi·an, Anni' F. ......··.··············............Morris, Beverly ..................... ............ 2·12.50Mun,hy, Edith P. 428.1XMurphy, Stella J. 6 63.6/C)if, I'thod:i B. 286.28
1 1,77.72It:ihin. 9)11(11':L '267.25
1 '1 R ."f)Reutter, 1-)orisI-t(,1,1,ins, .Judith L. 12.00
:lq.60S:tr·(,ie, !;:21·11.Ll.l H.Xhapirci. Ann ....Shillm:in, 1·:thel F. 1,069.6,1Smith, Ruth S. .............,....,..... ,...,.,... :;,125.20Storey. Paulin,· L. .. ...····.......... ........ 130.00Strirgl, Milrli·ed E. ...···· 328.AoV.ilentine, Alice :\. 24·1.50
t,12.5,)IV;l,her, 1)ort,thy H. S O.00TVilr·ox, Ph,·llis 13. 549.00wollin, Joan L 579.20 $32,793.16
Reflind. 11/(• Sc.plir:,tic,11 fron) 54(·r.·irr Of Sill,Mtititteor Teint,~,rurily Employed '1'encherM:
Abbissinin, Tosephine R. 67.60Abbott, II,]en K. 72.00Abraham:ori. Handra L. ..... loS.00All,ann, Rich:11·cl J. 120.00
12(1.00All)en;, 1Cdrim·l:11·,-·Almi,rirliti;.,·1·. Nt:trily,1 (1 . . fli;.00Alzos, I:niene M. 1 32.00
X11.!16And,·rm,ri. T,:1 wrelire . ····Andr>r:wn, lumert (.?. 195.00
210.00Anerilrri, Joseph M..592.56Azzi,4. Marvin .li,·k 102.91;
P.aron. Man· .····· 252.00Ttalash, Man· A.
2,10.00Harber, .TH 11 41 .13:irk i.i·. Rrilwi·t (1 ··· Gn.00Rrirr, Willi:im H 760.Rs
216.00nnum, T,ny:,·die .L ······ MO.OnT",4.hlin;r, rn,·inan ····· IR.no1.¢,trib,·rir, M'axi,linf· (7. ····· 1SH.75Bern:t,·in. Phyllis: G. ·· ·· · 592.51;11,·1·ttic·:i, 1'*·t,·1· 1,1 . .. 210.00Piddillph. 1,tith . ·· ··· 4211.75Itirn/ir·/r. 34:,nill:, .1. ······ :,60 no1:itsko. el:ir·:1 M.
June 20 1958293
Refunds and Death Benefits (continued)Refund#6 11/e Separiatton front Service of Sill,Mtituteur 'reinpornrily 141 , 11 ) lii >' ed '1'ettelier,4 : (continked )
Bondi, Joseph T. .$ 1SO.0072.00Bowen. Jean 13. ............
Brici,reford, Catherine . 144.00263.46In·igh.im, John U. ........
131·00, .Joyce C. 2SS.0047·1.0013!·ooks, Anianda ...........
Btif:,lini, 1:01~ert S. .......... 135.00156.001;m·liett, 1_)01·(,th>· L. ......
Butler, Margaret .......... 276.0014·1.00Brt·ne, Julia C. ........ 120.00Calhoun, Rich:il·d F. 70.50('and,·1:L, Terese 11. ..... 210.00Cal,ell:1, 1:„1}(,1 t 592.56(Noison, 11:lrry 16. 24.00C:i i· r, 1Cliz.ibetli L. ...
Cate>4. William II. 131.52420.00Ch:rndler, Gus
Chauncen ./,imes D., Jr. 42.82Chauncey, M:,1·67,1·et E. .. 74.25Chinowet|i. C.l 1·01 1,I-1111 ... 23·1.00Citti, Richard M...... 75.00Collen. Nonnan .. ..... 300.00Con:int, Audrev K. ...... 11.250,11nolly, 1):1116,1 J...,....... 592*('001:. Freida V. ...........Costello, Harry 36.001'
Coston, Ida Mae F.......... 114.00Crain. Kilern P............. 168.00Crawler, 1;ennie le ..... 234.00Cre:in, 11:ire· 1,oilise ..... 2·16.00
15.94Crit,r, Fred Flor ian .135.00Cupp, Anthony 96.00Cul·tis, 11:il·v .·lAnes .........
curtiss, apor#re ......... 31.8825.50(hirtiss. I::11'ell .... 71.00Dagenats, M:11·%:21·et ······ 81.00Daniclsion, Ellen .71. 90.001-):litkns, Ric·hard G. 47-1.00lic.aver. 1Vinifred A. 150.00Dren, Leon:ird W
Drniman, Sarah C........, 177.001)rririi:trk. 1-1,11,(·i·ta li. ..... 22S.00Divina. Mil:ln J 276.00
337.601)011('I·ty. Mary M'. 31 S.00110111:in, Marlene L. ........1)11(1(11rs, I-):avid C. ........ 2.to.001)uddles, Elizabeth W. 192.001,Ni·kim, Mary G. 156.00]Cl)rl·1(·. Margaret .1. ...... 115.501Cklund, Elinor S. 144.00
556.50]Clia:berm. Ren,v· C 366.75F.nright. Joyce E. .........T.well. 12:iyniond W. 252.00
266.2Sd. Ferrern. Steplianir J.
Forrill. Harb:,ra B. 521.95Fisrh, Roplielle 15*i.00Flaherty, r,Hil le. ......,.. 74.70Folry, inanche n.
292.56168.00
170:4tpr, 11, 11:ild L. 234.00lbI-(!(11-ic·k, 1-1,4,·11 14.
Frep(iman, .1,171,1 11. ...,.... 264.72Firmt. Rosiman' L. . ·········· 45.00
240.OnGail: IN·her. Norman M. . . 111.75(1:illis:.in, I:ntlil,•rn L. .... 393.75Giddens. MaryGirvin, Richard A. ; 42.56Gnr'thr·, William A., .Tr. .100.00Clombern·, Helene . 224.00
·15.00Gonde:11·1, Dnrothy J. .......,... 292.56Goodwin, Thnmns E...... 21.00Gordon. N:incy B. ······ 185.64Granton. T:unc·.. Ji. los.00r;reer. Thelma F. ···· 234.00Grns:, 13rn·prly T. 117.21(51'1):sh,·re. Tiorhert .... 2.1.40Gllicl'i, T.„lii: IT.TT:,<Mertv, .·\Ile'11*tina T,, 121.5011:nrood, ,Tor-re M. 20·1.00
Junc 20 294 1958
Refunds and Death Benefits (confi , 111cd )
Refund,4 n/c, Metmration from Service of Sul)Mtituteor Temt,(,rarily kiliti!„yed 'I'eneherm: (contintied)
Haller, Frank J. .5 352.5611:illutt, Norman F. ................. 420.00Harkness, Mary Lou . 60.00I-tartiook, M:,Iilyn A. .. 357.00liays, Bernice 1. :{t) 0.00I-I,dish, Nor·man D. 1 6.1.07lieide Inann, Donald TV. .......... ...... 285.00IIelfer, Charles 2%5.00Henderson, M.irlene J. ................ .. 474.00Ilert·, Geraldine M.... 120.00Herst. Nin:1 13. F. .................. ...... 0 1.00Hill, Barb,ira A. ... ..,-9Hill, Emily .Jonas . En:buHogan, Thr,mas E. ...... . .........~.. 10,00I-folden, Alve,· R. ....... 126.00Hoppr, Ruth,·rford 12., Jr... ..... ..... 2>~5.OIlHorween, Katherine 228.00Hr,w.ircl, T.lanche ................ ... . ·150.00Hon·ett, Catherine· T. M. 121.60Hutrgins. Carolrn King . ·· .... ..... 32.1.00
5!)2.56iv,·:, Lowell I·'. 275.61.Tal)Innovich, 1\Iiian .............. . ...... 526.28.T;wks„n, 13,·tty .\tin ........... ....... 165.00.T:,ekson, Richard ... .... ........... 1,5.00J:inotzke. Estlene 240.00.Tohn. on. Clifford H. .. .. 522.21.Tohn+on, Inizene L. ........... ........ 200.6105.00johnson, Louis ...........................Johnson, Louis E. .. ·················· 607.56Jones, LeILor TV. 542.56Jones, Vera T. ...························· 595.50.Turgens,.Tohn A 3<4.42.Tuzwik, Steve ISO.00Knlisz-r,wHA.i, .In:f11,11ine 12.00K:inter David Robert ....... ...... .. 577.56K:11,1,·in, Lawrence 337.90
2·10.00Ke:Ly, JoY Adele 166.3210•114 Thorn:!S A. 50S.1·tKelly, Kathleen E. 24.00
12.00Killpack, Ruth D. 223.50Kinflory, Virginia L. 720.00Ecissoff, ]Esther 222.onNu. Evidyn Chen 240.00ifill,f,·rbersr, Shirley R. .................... 216.00Kili·tzman, Snndra 241.50L:ic·f'Y. 1'.overly G. 84.75Lackritz. SH:ati 144.00
15.0()L:indfield, SherwiiiLancille, Arthur J. 15.00Langley, Robert S. ·112.60Lrinxer, David L. 195.00T,nPr:ide, Edward T. 157.56Larkin, Thomas E. 472.56Lawler, Frances . 24.00T,r•,·, Mn i·garet H. . 132.00L,·inf: Naney T. ....,............ ........ 192,00T.,*it:i,·i·, lt:ir·111.11,1 ir. ................ .. 15.94T.,·ntrn, Franres M. 36.00T,estinn, Grecory .T. 31 R.80IA:ir·k,·, TIc·,·1),·rt JV. .... ················ 40.no!,ind. Shirley S 210.75
135.75I.yons, ShirleyLi .rk, 13;trtow IC. ········ ·'·~~~~~~~~~~ 45.noT.vs:ok, M,lry P. ....... ........ 36.00Macdonald. Man· n ...... .... 471.00M:11,·rki, Henry R. ....····· 263.19M'In Mon, Donnld D. ········· 300.001\Tr,,-r,·ril, Fri,flerie K. ·· ·· · ~5.00Me(nlir. T}in,n;IN E. ,.· ·· -~ 292,56Mr·('1(·arv, Ivinifi·r,1 8.··· ·· ~- 216.00M,·Donnld, Mr,re.,1,4 11,4 h RRG. 5 IlMi·Donnell. .Tuflith P. ···MOGirlit.V, 7"th,·rinr, K. 216,00M,·T:11]„T). Trilli:,1,~ ... 292.6 6liT(Nerney. Elizabeth C... 314.75
June 20 295 1958
Refunds and Death Benefits (continued)
Refund.8 11/e Separiation from Ser,·ice of SH],Mtitliteor '1' c'mlic , riarily IC : i , pli , yed ' I ' citelierm : ( rolitin "('(1 )
..0.5Meek, Lucy L. ......Miericei, Rit,2 11:ir .........,............. . 'Ii.1.60Milburn, Jos,Thine F. ... ................ .. 256.60
---Mitchell, .Taines .i, '.,6liittlrinan, I.e:lic 13. ..............~..... . ~;00.00Moreno, Dorothy H. ,/6.00
1 0.00Moter Ir->ida F.2-10.00Morrison, Imivi·once V. ......,...,,,.....
Moss, I·Iarriot K. . 315.00Nastos, Victoria G . ~02.88Xehi, Irope 13.Noighbor, .Tarlies Bruce .. 368.49Nelson. Thomas F. 150.00Norris, John IC. ....
153.76
22500Ohara, 1CstelleO'Connor, Margaret 332.25
24.00O'Connoi· Marr· A.Oliver, Montague M. ..................... .. 150.0003!:ira, Inwrenee 84.00
162.21O'Neill, .Ic, Arin MaryParlov, 131:igovest D. ........,........... 292.5 6
2.85.00Pan·13111, Daniel L.Patinkin, Lornino 462.75Payne, Portia W. 474.00Pecke, Charley: TV. .. 592.56Pelison, Dorothy S. .. 3·ELSA
135.75Perrz I,lign, Elvira . .Porkinv, Charles 13. 3 15 obPeterson, Gary K. 234.40Peterson, M:11·joi·ie Ii. 48.00Potorson, Mayfield 322.56Pietryla, Ray W....... ............. .: iii./8Pi.q:rni, Mary Lou .
360.00Politzor, David T.Poillakicing, Christina . 228.00Prince, Albert L. 135.nOQuinly, William .T 311.24Radford, Betty Ruth .. 240.00Rappoport. Davicl 2.1.00
.. 120.00Rgamer, Marg:iret IC.Retran, Michael J., Jr. . 563.49Rezler, Agnes G. .
12.0089.25
Rle'limond, Grotelien M.Richter, Marilynn ..
24.00120.00
Rooser, Barbara ..Rogers, Dorothv 216.00Rocrers, James n. 135.00Roth, Elaine G. .. 222.75Rubin, Lucille .. 72.00Runde, Jane A. 168.00Rtitherford, Robert E. 96.no
630.08Sadoff, Sandra R. 274.50Sawyer, Mary Jane
,Scales, Sillimn P. 350.25Sch,imen, Patiline . 72.00Schlosser. Marmnret Anne ... 120.00Schrorn. nnyinld R. .
246.0060.00
Scott, 'We(1011 S.Sold,,nlior,r, Annottr, TV. 1·14.00Sr.IRan. Ro.lflhol I. .
120.00.. 4 R.00
Seitz, Virginia . 150.00Sli:irlery, .Tohn M.Silverst,in, Barbara ........ 12.00Smith. Odi:n B. 204.00Sohelirad. .Tarold S. 1SO,00
442,56Stanton. Norman S. .....Stnuverm:in. Richard J. 427.68Steele., 007'nlr'r C. 204.00Stich, TTprmine F. .
2.10.On474.00
Stirliel. Sandra G. 17 S.16Stoll, .Tohn E... .
2·to.noSullivan, Frnnrps IC204.00434.25Swanson. Brrner V 154.10
Tn vlor, Mary Morrurn .. ............... · gfi.noThomas. Barbnr.1 F. 210.00Tiffany, .Tennette E. .. 48.00
J~i!~c 20 296 1958
Refunds and Death Benefits (continued)
Refund,1 11/e Separution frum Service of Sul),ditilteor Tenipor:trity IC:,ipli,yed 'I'encherM: 0·outinuf·dj
Toi·nquist, Elizabeth .5 210.00Traudt, Mary B. 2.10.00Trubitt, Allen H. 120.00Ti·zuskon·ski, Mary 11. ... 426.00Turner, Helen J. 27*i.(1()1-}ilin 1:AI·11:11·a .1. . ............... ... 12.00V:tc·hlintis, Il,·1011 .\. S.1.00I.110/iti, Joset,h J. 70.:;5Vanden Be/·ir. Barl),11·.1 A. ..... :,6.00VojuS, Ge/hardt H........ ....... ........ 31.08Wrigner, Jolin A. !10.1)0Watts, Dorothy M. 75.25TI-atts, I:isher, Jr. ....................... 154.TOWeeks. Carol Jane 40.00Weinstoin, Seymour 510.94Trpickstrom. I.illi:in . 1/0.00Willicizlis, Dotiftld C;. ...................., 292.56~Willi:ims. Lois M. ... .... .......... ::12.75Nilsey, Emily Joy ................ ..... 120.00Wilson, Elizaheth .Tune 924.00~Wilson, Ida C. 23,1.00~Vil>um, .Toluinic· M:ie .17·1.no
120.00Wolfsc,lin, 11:ivicl C. 225.00Youtlir, Al,iI garet 0........... ..........~.. 120.007.:inc·t:il:os, William G. 2.10.00
210.00 566,252.32Refund n/e Error:
Boarrl of ]Cclucation 17.25 17.25( Iff - imbiti·Renir Iit fr, I - c '.rrr , . prillnon ,· iriti·ibilt ir , it .4 ,/, 1 , o .. itc · dfor Maric E. Utzify in Derembcr 1957)
Iter,indw of Ac•(•Irnal:lated Contril,itti(inM „n De:,111:I ->01 ). ihw ·, Elise J . C Killim·(| T . 1 ),),2 ,11111 (·, Elixe ('citlic ,· int
1 I <ini:lutc·, E,1 14-cril '1'110,11 *19 1)(}:1(thur. •Ir.. rinfl .1 7113fl M crif1 } i ,1 nliur , 1„ m'11 (: ictric 'R ) $ 1 , 595 . 39
H : irrin . (, 1·, 1 ,· i · T . ( Hri ·brrt 11 . Iffirria . 114:1 ·bcrt M . Ii (in· iRfind Litit-,·i·ner N. ifilrrij:. }u·irR) SS:;.00
1Iarrison , II ,· Irn I . (/ larbarn lift ,· rix ,in . 1,< ncticiar/) ..... 262.50lIc'} Cni · nn·. G <· ral iline D . CL. ('bindc Driltrili , In , r .rri, Iitor ) 4 , 795 . 25Muleally, Catherine F. ( .lrn,·i,· .lf UN·,il, 4 /foliki,1.9 . c.rou-
ti, i . ) . 4 , 172 . 0054 · hupp . e. arlie P . ( Fli} renec 11 . Selltipp ( ind Philip C.19.50
'Williams„It, Mal)(·1 1 (/·'1-0 11(,M 11". 87·21,uin , benc//r„,ru) 1,66, .50 16,3~.14
Sillgle Playment Benefit cin De·:ith of '1'enc']IrrM:Clallowny , Robert B . ( Mnrl ; A . ('{11101rn? 1 , brnell ,· in ,· 1,) ... 2 , 500 . 001 ]) on , thur·, Eli : e . T . C /' d 1,·(Ii·(! T. 1 )„ 11 ,1111 ((', Elive (' ittlit · rillf
Dnizalitte, Edwar,1 7'hom(IR J),1,1(1111(c. Jr.. and .\Hm[ Marie1 )„n (111 ti e . lirneli c · i,„· i r R ) ... 1 , 750 . 00
Haltishka , Maridpl V . ($(11111 Hitlll8111:(1 , brnclicinru ) ..... 2, r,(~f '1 . 00TIarrison , TI ·, len I . ( 8 <11- 1,(11 (: li , inig ,} 11 . bructlri ,in ,) . -.. ST,f 'LOOMeTCni · i · ny , (; pr : ilditic, D . CL. ( 31 , 1 1 (ir M filloh fin , crec· ittor ) 2 . 500 . 00Mule : thy , Cath , y· ine F ( Lnrrtti , 1 . Mul {'<11111 . Mitrilitrritr
1". jrit 1 ,·uh ! 1 , 7'|tri"('Rit N . Mul <·1111 ,1 and .Wciric' M . Tri,Fl, inx,2.500.00
Trilli :imwm , 71 : 11 „· 1 A . ( n·/ mu W . 8 ,·118 ,) 71 , 1)*')14 'firmr),) 2 ,, 00 . 00 14 . 500 . 00
Single Pilywriat Hrn,·fit m, 1),·211]1 If '1'4'11,·la«'r-1'eli.14,1„·r~1.1:ind, 121,}relle<· C. C/''r'me'.. if. ('/tri.·11,1,1.Rf·,1. britrti,·inri/) 500.00B , ble , i·. lmer 0. ((71 '1 ' 11/.: c;. ('„blt . Mitrill n hni , (?01, 1 4
*Ind A 71 ¢11 1, . 1 . C . Efilic · 1. 119 . 714 ' 71 (' lic · ifl ) ic .) 500 . 00Tritz.71'nurice, 131;,11,·lw .1. (1'11'qi,lic; A-i'llihri·. 1,i'ni./1,·in„/) 500.00Spitler , Oria R . ( 14' ,1 11.11 P . Ri, itli' I ·. 1„'}ri 'f ,· inril ) .....,... 500 . 00 2 , 000 . 00
Refundx z,/(. 1,]jil,dinent„ in li:,(CM of Colitril,1:(14„,4.Avant, Dorothea E..... N.201-tr·:avr·r, Alic,· Tilton . 1.2614,(n·(1('11, Ri·,ile" G 1.871;r:Irly, Th r·!·p :c, M. · 6.80Emiric·r. .\tr·x:mdpr · R.X 513yrne, .10:,11 K. ...... 1.7 5c'„lr•ninn. (;w,-n,loly,1 S.
7.57:'3.25
1),·l,ofvky, .Te n
Junc 20 1958297
Refunds and Death Benefits ( roitti,itted )liefundA 11 / c' Adjit >( mentp4 in Itatem or Contrililitioll ,4 : (coliti,1 ued )
DeGrange. Lois J. ..............................···$ :1.·102.00
1•'MA·. IAA,inn M. ....,. 1.TOFokketis, Vi\·ienne .... 21.30
1.19Foos, lietty .1. ........11.LIIkrus, 9,11·garet l). 3.78IIeller, Jounette G.... 12.07iici·lihy, Lucille ······· 1.(,11
11.6 S•1:lel:Son, Sarah E. .6.61.Jahns, Maxine .1. .........
.Janush, Dorothv A. ..... 1.75
.henkins, Dolot·is B. 41.76J 11(lge. 1•'1·,inces ....... 4.00Kelion Jeanne Mary · · 31.1,5Koehler, 1-tari·icl ..... 1.191,Li·enixner, Shirley M... 14.00Laughlin, 111,1·>· Ellen . 14.00Lomperis, Athena M. 106.05Levin, Jac·ob L. .......... 10.50Lites. Willie James . 61.05Lucirh, I )1·,11:,ina ......... 1. 1 ,1Manson-it. Man- ...... ~.3llc).c·owitz. 11·:Inl: li.1'(·Scliel. 11:it 1·1(·i:l ]). ....... 3..,3
--Poole, Georgi:i N. )..I}I-'Lit·;res<,11, Lorraine S. 19.00lieicly, 1,illen J. 1.70Schick, Rosem:113· A . 1.70Scott, 0011*·en ........ :;.57Swanson, Phyllis . 10.65T:tylon·, Veronica S. . . 1.00
2.Gn9'honins, Pauline L.
1.70'1'01)ping, Vivian G. ....Tripp, Russell ]C. 22.10Tr-pilot·, Man- Ann . 33.60W('ston, Vii·Kinia M. 27.00IV i i·kii v, Tivi,in .1. . .. . 5.60 636.56
$132.598.43
On motion by Miss Taggart, seconded by Mr. Meierdierks, the foregoing re-ports and recommendations of the committee were aPproved. Expendituresfor the payment of refunds and death benefits were authorized and confirmedfor each account shown above by the following roll-call vote:Ayes-Mr. Petrie, Mrs. Johnsen, Mr. Meierdierks, Miss Taggart, Dr. Lally,Mr. Caples, Mrs. Light-7. Nays-None.
Duplicate WarrantsThe Committee on Finance reported that the persons named below requestedduplicate warrants in lieu of the following described checks which were re-ceived and lost. Affidavits certifying these losses and in each case indemnify-ing the Fund against any liability, damage or expense which may result byreason of issuing such dul,licate warrants were duly filed. Therefore, thecommittee recommended that warrants be issued to the persons named belowin the amounts indicated.
Xm.lint bmlier Date Purlic)MeBrown, I)orph ..........$ 68.90 415726 4/30/55 Pension 1':1>·mentQuinn, Eliza II 2!16.5.1 413722 3/21/58 Pension PaymentOn motion by Miss Taggart, seconded by Mr. Meierdierks, the recommenda-tion of the committee was approved and the warrants were orclered drawn bythe following roll-call vote:Ayes-Mr. Petrie, Mrs. Johnson, Mr. 1\Teierdierks, 1\Iiss Taggart, Dr. Lally,Mr. Caples, Mi·s. Light-7. Nays-None.
June 20 298 1958
Purchase of Bonds ConfirmedIn accordance with the advice of Standard & Poor's Corporation, investmentcounsel, and in a mail vote prior to the date of this meeting, the Committeeon Finance reported that the following securities were approved on the yieldbasis noted plus accrued interest. The committee recommended that thepurchase of these securities be confirmed, that the bonds be registered inthe nalne of the Fund and that the municipal bonds be accompanied by anapproving legal opinion.
Amwmt De,¢cription of liondv I):tte Diate of 'ro(Par rialue) Annie of linn 1.H"ed M nt,irit y Yield
illimii: .lfurlicivalities$115,000 Cook Co., Ill.. Village of Ibolton 5/1/58 1/1/71-78 3.70:~·1:A '5 G. 0. Waterworks Hon(is
I:obort Vick, MeN:iner & Co.125 , 000 Cook Co., 111 ., Village of South Vl/SS 3/ 1 / 76 - 78 70 %Holl:ind ·t ,'At; Nlumcip:,1 Bldg.
zintl Stret·t Imt)1 ovementAllan Blair & Co.
50 , 000 Cook Co., Ill .. Thornt „ n Township 1/1/55 12/ 1 /74 3 . 50 '6H.,S.11. *205 :: 1.r,; School lalci;r,Shearson, I-Izimmill & Co.
200,000 Cook Co., Ill., Community H.S.D. 6/1/58 12/1/75-77 3.5095=229, 0,·ik I,awn, 314'.; Sc'11001 Bldg..Jolm Nuvern & Co.: Horiblower &Weeks: NIc·I)ouwal & Condon. Inc.;M. B. Vick & Co.; Channor Securi-ties Co.
200,000 Cook & Will Cos., Ill., Bloom Town- 6/1/58 12/1/76-77 3.45(,6ship H,S.D, #206, 316% School Bonds
John Nuveen & Co., Bacon, Whipple &Co.: Br:,zin, I,„sworth & Co.. Inc.: R. S,Dickson & Co., Inc.: M. B. Vick & Co,
100,000 DuPage Co., Ill.. S.D. #·15. Vill:i 6/1/58 12/1/75-77 ......Park, 31'1 (,6, Sihool Bonds ..·1 I •,I
I-Inrriman Ripley & Co.
icil,lie Utilitic.s200 , 000 Philadelphia. Electric Co. 3 % :5 5/1/SS 5 / 1 / SS 3 . 76 · 1 %
First & Refunding Mortgage BondsBlyth & Co., Ine.: C. F. Childs and Co.;II:irriman Ripley & Co.; Hemphill,Noyes & Co.
200,000 Ningarn Mohawl: Power Corporation 6/1/58 6/1/SS 3.80~:3%% General Mortgage Bonds
A. C. Allyn & Co.First Boston Corp.Salomon Bros. & Hutzler
Inditstricil Corporationsf200,000 American Can Co. 31>~ 0 Debentures 4/1/58 4/1/SS 3.7302
DebenturesSalomon Bros. & IIutzler
200.000 Owens-Illinoi,3 (11:,Mil Cornpany 6/1/58 6/1/88 3.7248 '&,4 Sinkinir 1•'und Del)entrires
Blyth & Co,,Im·. l),mn Witter & Co.:12:1*,ti,i:in 77111,in, Union Hecuritles & Co.;First Boston Cori).: Goldman, Sachs& ('c).; 1-I:dROy. Stricirt & CO., Inc.:Ilan·irnan Ripley & Co.: Salnmon Bros.& Hutzler
200,000 The Texas Co. 3%'.1 Debentures 5/1/6S 5/1/Sn ..65%Illyth & Co., Trw,: T.rhman Brother-s;Shearson H:immill & Co.
On motion by Miss Taggart, seconded hy Mr. Meierdierks, the above trans-actions were approved and confirmed hy the following roll-call vote :Aves-Mr. Petrie, Mi·s. Johnsen, Dr. Lally, Mr. Meienlierks, Miss Taggart,J\Tr. Cal}les, AIrs. Light-7. Nays-None·
Trine 20 299 1958
Audit for Fiscal Year Ending August 31, 1958On motion by 1\Iiss Taggart, seconded by Mr. Meierdierks, the Board author-ized the firm of Peat, Marwick, Mitchell & Company, certified public account-ants, to make an audit of the accounts and records of the Fund for the fiscalyear ending August 31, 1958, by the following roll-call vote:
Ayes-Mr. Petrie, Mr. Meierclierks, Mrs. Johnsen, Miss Taggart, Dr. Lally,Mr. Caples, Mrs. Light-7. Nays-None.
REPORT OF COMMITTEE ON ANNUITIESAND CREDENTIALS
PensionsThe Committee on Annuities and Credentials reported that applications forpensions were presented for persons, hereinafter listed, with the recommenda-tion that the pensions be approved and granted in the amounts and underthe conditions set forth herewith. In the case of each applicant for serviceor disability retirement pension, the employment of the teacher had termi-nated, the legally prescribed minimum years of teaching service were com-pleted, and requirements with respect to age (if applicable) were fulfilled.The applicant for disability pension was declared by three competent phy-sicians to be suffering from a disability which wholly and presumably per-manently incapacitates him for teaching. Each applicant for widow's pensionfurnished proper evidence of her right to receive such pension.
Memlier'v 54011(,01 Mer,·ice 'ro Annunlcir 1-rM. Date 14 nvion
:4(D. Nnine «if 7!en,lier Memher'M S#HuM lIOM. D„34 Fr(im R nte
Optional Sen'ice Retirrnic,iit Pensions9671 ],unne, Marg:LI·et G. . ..(;illes:pie 37-8-10 4/12/58 $3,·137.529680 Fic,Met; Arthur· J...,..,[,ake View High....25-9-10 6/loRi 1,475.049672 II:lrinon, Mary C...... -\f';li·ret) ...........40-5-00 4/ 7/58 .1,568.809673 Johnson, Alma E.......\111(·1·ic·:11,ization ...13-2-10 2/ 1/58 STS.049674 .Johnston, 1-)onald A. ...1,:ike View High....3.1-5-10 3/ 1/58 3,022.209675 Klosterman, Julia L. ..·11(·ott 34-8-00 4/11/58 2.965.329676 Lawson, Ruth P, .,...,11:INMan ...........·10-2-00 4/26/58 :;,663.Si9681 lIc'Carthy, Ellen A. M,)Mill ....········39-8-10 5/13/58 3,567.24,)677 M(·rkel. Afary E, ......, XIcT,an,n .....,..... 34-2-10 5/14/58 2,S:~7.SS4683 Sm.ill, Ralph L. ....... Hit:ch Irigh ...... .35-3-00 5/14/58 3,191.049678 Ste\·ens, Agnes D. .....Hateman ..........·10-5-00 4/26/58 3,690.12
C{)lili)uls(,ry Serric<, Retirenlent Pensic),1 s967!1 T):ilv. M:irg:it·et G. .....i:{·irilier,r ..........·15-:i-15 5/ 3/58 4,083.369682 Rogers, Grace ...,,,...Maish:ill Iligh ..,..1':-9-00 3/28/68 :1.9::0.·ls•968·1 Schell. Imttie Mae . . F:iri·:urit High .....45-7-18 3/22/58 4,058.52*5,685 Tobin. Dell:l 13. ....... 1)*'en·1),Arn ... .41..3-10 4/ 4/58 3.75:1.00*• Emcritits tritcher retired ciff (' r 1 -r - r ))11) 10 liment 0, 1 a kmliurtirl/ b ( 1 ,4 i N
Discibility R(,tirement irligion1)-47 S M:,sterson, Della L, . -(.'lay . ,......22-5-00 6/ 5/56 1,611.12
Widows' PensionsWT-30 Callowny, Mn·NA..............~..~......25-2-00 5/23/58 956.04Brid f,in (,f N lilirrt R. (',1110 11·ail, pi'n,i 1111 nIBI'C)WA-18 Cobli·, (;bidvx G. .................~......:16-2-06 4/26/58 1,257.00(Wid„w of Elmn· C. C?,Able, t„141,1.1-pritwi„ner)U.T- 31 H:Oushka, Sally 22-1-00 3/29/58 776.76(\Vidin; of M,1,1,1,1 V Hilluxhi,a, truchri·)WA-19 Spill,·r. IC(ill:l P. 15 - 0 - 00 4/ 1 /SS 1 , 400 . 04(Jli,lin,· of Orlit N. Kpitlcr, trwh,'1·-prnxiow·r)
June 20 J00 1958
Pensions (contmucd)Summary of Pensions Granted
Optional service retirement pensions..........11Compulsor>· service retirement pensions..,....4Disability retirement pension ................ 1Widows' pensions
On motion by Mrs. Johnsen, seconded by Dr, Lally, the recommendation ofthe committee was approved and the service and disability retirement pen-sions, and widows' pensions, listed above, were granted by the following roll-call vote:
Ayes-Mr. Petrie, Mrs. Johnsen, Mr. Meierdierks, Miss Taggart, Dr. Lally,Mr. Caples, AIrs. Light-7. Nays-None.
Appointment of PhysiciansApplications for disability pensions were submitted with the recommendationthat physicians be appointed for the examination of the applicants.
On motion by Mrs. Johnsen, seconded by Dr. Lally, the appointment of thephysicians, listed below, was authorized.
Francis X. O'Malloy, M.D., 1100 Webster Ave., Chicago, Ill.Virginia Tarlow, M.D.,670 N. Michigan Ave., Chicago, Ill.Charles B. Congdon, M.D., 6 N. Michigan Ave., Chicago, Ill.
To examine: Mary M. Claus, Schneider School
William Thomas, M.D., 122 S. Michigan Ave., Chicago, Ill.John T. Gregorio, M.D., 4458 W. Madison St., Chicago, Ill.A. S. Geraci, M.D., 5679 W. Madison St., Chicago, Ill.
To examine: Edith L. Mitchell, Yates School
Donald Watts, M.D., 2150 S. Ridgeland Ave., Berwyn, Ill.
To examine: Christ Kardas, Chicago Vocational
Revision in Rate of PensionThe Committee on Annuities and Credentials reported that information re-garding an adjustment iii salary by the Board of Education was received bythe Fund after the service retirement pension was granted to Lillian A.Kaufman. This adjustment resulted in a(lditional pension credits to be con-sidered in the calculation of Mrs. Kaufman's pension. In accordance there-with, the committee recommencled (1 ) that: her service credits be changed from41 years to 41 years and 10 daysi (2) that thi} rate of her pension be changedfrom $3677.16 to $3692.88 per year; (3) that adjustment be authorized forpension payments macie prior to this§ date; and (·1) that tlie 1'(!Cords of theFund be revised accordingly.
line 20 301 1958
On motion by Mrs. Johnsen, seconded by Dr. Lally, the recommendations ofthe committee were approved and the above-described revision in rate of pen-sion was duly authorized by the following roll-call vote:
Ayes-Mi·. Petrie, Mrs. Johnson, Dr. Lally, Mr. Meierclierks, Miss Taggart,Mr. Caples, Mrs. Light-7. Nays-None.
Cancellation of PensionThe Committee on Annuities and Credentials reported tliat the following pen-sioner has been re-employed as a teacher by the Chicago Board of Education.Therefore, pursuant to the law, the committee recommended that the pensionof the person, hereinafter listed, be cancelled as of the efrective date ofre-employment.
'1'YI,c· (, f Itnte (,r I):iteN"Inr 1,4.ti>~icita 1,4. it.i„il Re-e,nployed
.-.
Brown, Clycle M, Service. .$2,290.08... 1/6/58
On motion by Mrs. Johnsen, seconded by Dr. Lally, and by the following roll-call vote, pension for the person listed above was ordered cancelled on the dateindicated.
Ayes-Mi·. Petrie, Mrs. Johnsen, Dr. Lally, Mr. Meierdierks, Miss Taggart,Mr. Caples, Mrs. Light-7. Nays-None.
Outside Time and Military ServiceThe Committee on Annuities and Credentials reported that allidavits, or otherevidence, attesting to or certifying (1) service in the public schools of theseveral states or in schools operated by or under the auspices of the UnitedStates outside of the City of Chicago; (2) time spent in the military serviceof the United States during the pension period; (3) employment as a civilservice librarian in the Chicago Public Schools or the City of Chicago; (.1)service as a playground or recreational instructor for the City of Chicagoor the Chicago Park District; and (5) employment by the Chicago Board ofEducation as a school clerk are hereby presented for the persons hereinafterlisted with the recommendation that they be approved; provided that in thecase of outside teaching service no more than 10 years be credited and alsothat t.he last three-fifths of the minimum term of service for which an annuityis granted shall be in the public schools of the eity.
Service Service Credit<N/,n,· „f 11,·In])(·r Sr],(„,1 ( !)(·Meription) (YrM. MI< D:,YMI--il--1 il----6-Ill--
Traching Sprrice i„ Public Sch,1,115 or Under Auspices id the U,S.Moro, kc)se:inn I,i ,...,......Hurnside .......,.....To:whinfr ...... . 2-0-00Nalefski. .Tei'i J. ............1%':iters ,.......,.....'i'*viching ... . 2-0-00Opper·In:,11, Opal J. ..........Budlong .............Te:whinx ... ... 8-0-001:n,]ell. Kathi·yn L, .........Substitute ............Te:whing ..... .10-0-00SicK]lart, }CV:i S. .. 2-0-001·' i elaTron GreinD. Zella ..,....,.. .Ir;L.shl,larno Trarie ....Te:whing ... .. 9-3-05Weimhoff, ]Cvangplitie G. ....1'1·11*willir .Trnehimr ... ... 0-6-09your,;rquist, 1)(12·(,thy I. ... .>hih:tilitte ............T„:iching ... .. 0-3-00Z:,hori k, Ed.JW .1.......... Foreman High Te:whing ... .. 1-0-07
June 20 302 1958
Outside Time and Military Service (continued)
Service Service CrediotX:ime of Member School (Depteription) (Yr,4. M(,M. 131:yM)
Military Serrice (d the United StatesCurtin, Thomas G. ..........IO·lly 1-Ii:rh ...........Milit:iry 2-0-00Hurley. Jamos F....,.......Substitute .......,....Military ..,. 2-0-00Zahorik, E.clward J. .........Foreman High ......,Military .., 0-4-00
Employment iii Other Chicago Gorernmental UnitsChaney, Ella M.............Forestrille ...........Librarian ............ 8-0-00Hamilton, John P.......····Division of Music.....1:ecreational Instr. ... 4-9-18Mern·ick, Anna W. .,..····· ·Neil ···········......S(·hool Clerk ...... 3-2-05O'Callaghan, Virginia ..... . .H:twthorne ......... ..School Clerk ...... 1-9-10Wi inmer, Phyllis O. ........Adams & Gallistel ....School Clerk ...... 1-9-10
On motion by Mrs. Johnson, seconded by Dr. Lally, the outside time andmilitary service for the persons listed were approved by the following roll.call vote:
Ayes-AIr. Petrie, AIrs. Johnsen, Mr. Mcierdierks, Miss Taggart, Dr. Lally,Mr. Caples, Mrs. Light-7. Nays-None.
REPORT OF COMMITTEE ON PENSION LAWAND RULES
Disposition of Election MaterialThe Committee on pension Law and Rules reI,orted that ballots and materialsused in the 1957 election of trustees were carefully preserved for more thansix months, that they were no longer of use for any future election, and thatthey were not required as evidence for proceedings in any court. Therefore,the committee recommended that they be destroyed.
On motion by Dr. Lally, seconded by Mr. Meierdierks, the recommendationof this committee was approved, the election materials were ordered destroyedand the report of the committee was ordered printed in the proceedings of thismeeting.
MISCELLANEOUS BUSINESS
Appointment of Attorneys
On motion by Mrs. Light, secon(led by Mr. Meierdierks, the firm of Kirkland,Fleming, Green, Martin & Ellis was reappointed as attorneys for the Boardof Trustees for one year beginning on the date of this meeting and underan arrangement that the fees fol . their services shall he presented and paidquarterly. This motion was approved by the following roll-call vote:
Ayes-I\Ir. Petrie, Mrs. Johnson, Mr. Meierclierks, Miss Taggart, Dr. Lally,Biz. Caples, Mrs. Light--7. Nays-None'.
June 20 303 1958
ADJOURNMENT
On motion by Mr. Caples, seconded by AIiss Taggart, the meeting adjournedto meet at the call of the Secretary.
C-* 40Recording Secretary.
July 14 304 1958
REPORT OF THE PROCEEDINGS
OF THE
Board of TrusteesOF THE
Public School Teachers' Pension andRetirement Fund of Chicago
Adjourned Meeting-Official Report
Monday, July 14, 1958
An adjourned regular meeting of the Board of Trustees of the Public SchoolTeachers' Pension and Retirement Fund of Chicago was held Monday, July14, 1958.
The President, Mr. Petrie, called the meeting to order at 4:00 P.M,
ROLL CALL
Meinbers Present: Mr. Petrie, AIrs. Johnsen, Miss Taggart, Mr. Pasniek,Mr. Whiston, Mrs. Light-6.
Members Absent: Dr. Lally, Mr. Meierdierks, Mr. Calles-3.
-
Jitly / 4 305 1958
REPORT OF COMMITTEE ON FINANCE
Miss Taggart, Chairman of the Committee on Finance, reported (1) that theFund owns $·100,000 (1):11· valize) U. S. Steel Corporation bonds maturing in1960, 1!)61 and 1964, (2) that the amount approximates the statutory limitof not more than one percent of total investments in any one issue and (3)that the Funcl'S investment counselor has recommended the sale of thefe bondsand the purchase of $·100,000 (par value) of this corporation's new bonds whichare scheduled for sale on or about ,July 16, 11)38 nt a price to yield 3.97%. Inaccordance therewith, the following resolution was presented with the recom-mendation that it be approved:
Resolution
RESOLVED that the Board of Trustees of the Public School Teachers' Pen-sion and Retirement Fund of Chicago does hereby authorize the sale of thefollowing described securities at the prices indicated:
5100,(100 1):ir value IT. S. Strel (-'01·poration 21.'.4 Debentures. dated S/1/5-1.mattlring S/1/60, 1,1 $911,000.(10 plits interest accrued to the date ofdelivery.
$200.HOf) pal· valtle U. S. Steel Corporation 2.55 4 Serial Dehentill·ef, dated8/1,15·1, 111.ittlrilig 8/1/61, 6£ $147,250.00 plus interest :lecrued to tileclate of clelivery.
$100.(160 13:Er \·:11114· 1-. S. Steel CM·poration 2.65'; Serial Deberitill·es, datedA/1/5.1, 111:,tut·ing 8/1/6.1, 42 $:)7,500.00 111,is interest accrued to tile dateof deHvery.
BE IT FURTIIER RESOLVED that the City Treasurer, as ex-officio Treas-urer and Cits todian of the Public Schools Teachers' Pension and RetirementFund of Chicago, be hereby authorized, empowered, and directed to deliversaid securities to Salonion Bros. & IIutzler of Chicago, Illinois, against pay-ment therefor,
BE IT FURTHER RESOLVED that Sidney D. Denisch, City Treasurer, behereby authorized and empowered by and for said Board of Trustees of thepublic School Teachers' Pension and Retirement Fund of Chicago to execute,sign, seal and deliver any and all endorsements, assignments, bills of sale,orders, releases or transfers of registry, proxies or substitutions, powers ofattorney or any other documents or papers or written instruments as may beticcess:lry to carry out the foregoing 01·ders.
On motion by Miss Taggart, seconcled by AIr. Whision, the foregoing resolutionauthorizing the sule of $400,000 U. S. Steel Corporation bonds was adoptedariel the purchase of $400,000 of this corporation's new bonds' was authorizedat a price to yield 3.97%. This motion was approved by the following roll-callvote and the executive secretary was ordered to proceed iii accordance there-with:
Ayes-liz. Pell·ie, Mrs. Johnson, Miss Taggart, Mr. Pasnick, Mr. Whiston,Mrs. Light-6. Nays-None.
FA>· 14 306 1938
ADJOURNMENTOn motion by JIrs. Light, secon(led by Miss Taggart, the meeting adjournedto meet at the call of the Secretary.
Recording Secretary.
1 1
September 19 307 1958
REPORT OF THE PROCEEDINGS
OF THE
Board of TrusteesF
OF THE
Public School Teachers' Pension andRetirement Fund of Chicago
Regular Meeting-Official Report
iFriday, September 19, 1958
A regular meeting of the Board of Trustees of the Public School Teachers'pension and Retirement Fund of Chicago was held Friday, September 19, 1958.
The President, AIr. Petrie, called the meeting to order at 2:00 P.M.
ROLL CALLMembers present: AIr. Petrie, Mrs. Johnsen, Mr. Meierdierks, Ariss Taggart,Dr. Lally, Mr. Whiston, Mrs. Light-7.
Members absent: Air. Pasnick, 1\Ir. Caples-2.C . 11/ Hem ·('. 4 Of . 1 / C,987 .4 . 1 ' ~t .yi , ic /. {ind ('upleN irt· re due to tlic iici·fBRitl/ (} j being out of Chic ·,igo
fJ 1/ b ti .vin ('94 .)
APPROVAL OF MINUTESOn motion by 1\Irs. Light, seconded by Miss Taggart, the minutes of the regularmeeting of June 20, 1958 and adjourned meeting of July 14, 1958 were ap-proved as printed.
September 19 308 1958
REPORT OF FINANCIAL SECRETARYFinancial Statement
May 1,1958 through August 31, 1958
INVICA'/'11/·'.)'1' ./('('C//-N'1'
Iniedmen¢M, Mny 1, ]1)554 0 1':ar inlize
Bonds of th,· Enited Slates :ind of theStat*· of Illinois ariel its Mill),-livisions. ..$30,631,217.5.1
(2()1·])Oratt· 1),inds .. 10,·1!)0,000.00Chic:tgo 13„.11·d of 1.clue,ilic,11 6';
t.ix :inticipation warrants........... 100.00Trit.il
5 00 0,800.005,11,121.347.51Add total inve:ted .
Ikduct honds< redeemed . ·15.1.000.00
Iilic,4*111€·lat,4, .111&*11,4( 31. 1:);K :it I'Jr J-:alitelic,Ids of the United Ht:itc·H ami of th,
State of Illinois and its Mul)divisions. 31,777,2-17.5·113,890,0()0.00
Chi(·ago Board of I'.cluc·.ltion 65tux anticiption wan·:ints........... 100.00
TOTAL INVICATMENTS. -·IUGUST 31, 1958...... $45.667,547.54
RECEIPTS .iND DIS]il-I{NIC,!11~'I'S
C':'wh /1,1/:„ier, 1/1,3- 1, If);0Crish-Cit>- Treasuret 63,As,1.13C:w,h-Conling'. lit fund ,.. 4.!19}.87 GS,ST.1.00
11/·:(1:11"1'4
In,·eitmiant Ine(,meInterevt itwome, long-term sec·wr'itirs. .... 521,050.20Interest iner,Ine, trnil)(11·:in' investments. 8,6-1,1.31 529,694.51
Bond. Reclet·med zit ]Izir J zillie 5-1,000.00U. K. Mlerl Cort)(iration Iicit,(1% 44,1(] ..........· 393,750.00U. S. CA,rtilic.litri ,if Indelited,le.4 itedi·emell.... 300,000.00I. 54.'I'ren*ury Bilh Redeented nt Co.t......... 3.096,156.27Int·ome frc,in Stair Dixtrilititive I·'1113(]······ 829,706.2S'I'fix C'ollc'{•tic),IN Hrinilted to the I '1111¢1
T,(·vy fol· 1,150 :ind pric)1·. 11,610.57Le vi· fin· 19:51. 2,8,) 5.05I.,·1·5· f„i· 146:!. 4,(;h().71l.evy for 1953....······ 5,65!).12L'·vy fun· 1951.I.(·v., fit· 11155. .. 1.1,61.1:1Lc 7- fc,i· 1457... 5.·101.!10>.S 7 5,·1::9,171.1)2
Ciontrilmti„nv hy liartic·ilinnbl (%:il,cry I)c·illicit„14)1:,·gularly :11)Imint.,2,1 1,·:14'hors 1,100,353.8.1*11!,stitilt,· or leixil)rit·,11·ily :11)11"inted te:,Chers.. 167, S 1 :;.87()mee employees 1,147.99 1,569,315.70
CiaN], 1':a jmrial* C I, I'„Il,1 1,1· 1'„rii<.il):1111,4
: kt her;V:hi;:RK'o' 55't·v L e |„ „Ii ' (Wi t Aici,· 't'i Ini· . . 12.270.95146.727.·to
Interest . ,).145.17 168,193.82
Selite:,111:·1' 19 309 1958
RECICII"l'S nronti,mcdj
Mip«'rilimrME
Reimbilr>St·111*·lit for 111};:trlied pension pnyments....$ 12.0012,·11111,1 (111 111'-111:1!wo 1,1,·lillums.................. 15.46Unclaimed cherie; cane,·11.d....~...~*.--„... SS4.32 $ 911.78
'I'c)'1'.\I. 1'1·:('1·,[I'7'H MAY 1 7'111:IJ .\1-Gl_'ST 7,1.11)58... $11.SSO,900.2,
ToTAL 1<1·:CKIPTS -\XI) 1.#YUNNING BALANCE. .$11,949,774.28
1)10 111 1£41:111·:X'I':
ttel-und+ 4,1* Me inlier<' Contrilitilint,M, iltic. toResignation of regularly :21)Pointed teachers. . :32,7.4.1.16Trith(|I':IW:LI lif :Arilistitilte or l.1111„,1-:11-ily
66. ISO.:;2C.hanirt: m rates ot <·(,liti·il,ution. ... .'.'-.SS1.excess cleductions 1,3· linard of lC:111,·:ition..... 17.25 99,323.61
penwion :anc! 114'nelit 1':15 ment %Sen·iel' retil·ement ........ .$ i.1,12.9::S.1,21) i M :1 1) i liti· , . ······ ···· . 51,·1:;1.!) 7
...
0 .DI --
6,ON·1,1·19.88.\,ici I'lil,· Crobs-1:111,· Shi,·1,1 pre-
litillins 1):li(1 .......... ..... 77,50:1.32n ... '.rn I.4101,"*)"-V
Deduct Dith• C//:>4-BIN,· Shi,·1,1 pre-ntizinis withhold.............,.. 77.589.42 ::,OS·1,66!1.':8
Refunds of contril,Utic,ns............. 68,01·1.3.1Singl,·-sum 1),nelits (,n cle:ith in >44·1·vice ·18.500."0Siti,rle-sum heiielit:: oil drath .f
pensioners ..................... 6.000.00 122,51,1.:24 .-..&.........·I •i// // i 7,1
*dinitli>dritti,e I·:ri,en,;Salary expense:
Xet Halnries il.id 26.·1::0.26Contribittit,ns for penst<,11........ Lili.,4:1Blue Ci·Osu<-13111, Shirld premium:
:;02.96Income. tax withlic·ld. ............ ..;,-/.0
33.161;.80IC,111)loyer': Sh.11·0 1-4111,· ('1·I,H:
-])10111'll 1118 ................ :,1.,;, :i::,518.55
Professional serviers:Actil:lrial-A. A. W,·inli,··1·g
(1/1-6/30/68) - 2.500.00Low:il-Nix·kl:ind, 1:lli:, 1-1„(1:<,Ii.
Chaffetz & M:isters (:1/IS-6,/IS/SS). 1,250.00114,(lic·:11 100.001:(,11(1 :1(1~-ist)1·J·-St,ind.11·(1 & 114)(,2·'3
Corp. (6/10/68-6/10/59) ........ 6,000.00 190.00
Oflier facilities:I:,·nt--1 months 1.7 15.401:14'(·tricity ....... 1 +0.51
152.59 2,()78.50
T:ilitilatin;r service:To:wher.;' contributic,11 Credit: hv
An:li·,1 of Eclit<.ition........,. . 2.917.1.1Acti:,il'i:·11 and insur:inre statistic'H.. 1 1, 1 1Pension payroll .................··· 79i.92OlliCe administration ............... 14.65 3,980.85
Oflic'(, expense:(Hlice :Uplilies; ....................· 315.59Postage 903.57Cost of bond and intel'0:t collection. 92.62 1,311.78
Seplemher 19 310 1958
INEUR >+311CX 'l ' S f (: I m t i ll 11 r d )I'l·inting:
Office forms and supplies. ..$ 647.46Proceedings 28:;.70Bulletins ....... 169.SOAnnual report . . . 1,767.75 $ 3,168.90Miscellaneous exi,enses:
Professional association expense. 67.50COMVention expen)3 ............. 355.5072egislative expense ....... 44.00Trustees' expense ................ 715.70 1.175.70 $ 55,00·1.28
1;. S. '1're!,Mury Bi]IM l'ur€·tail:ed lat CoN, . 2,395,501.11Long-term Iia,·(Minle„iN
Bonds purchased (par valuo)... 5,000,(100.00Plus premium 18,997.34
5,048,997.31Less discount 8,160.61Purchase ])rice 5,040,5:26.70Aecrued interest paid 13,·1SS.46 5,05·1,025.16TOTAL DISBURSEMENTS, JIAY 1 '1'I·IRT; AUGUST :11. 1958. . $11,810,4.to.88
Cia,411 Bulnnee, Ailgi,Mt 31. 1950Cash-City Treasurer ... 135,2·12.16Cash-Contingent fund . 4,091.24 $ 139,333.40
Respectfully submitted,
GEORGE O. MEIERDIERKS,Financial Secretary
Tax Levy for 1959September 19, 1958
Robert Sargent Shriver, Ji·., PresidentBoard of Education228 North LaSalle StreetChicago 1, IllinoisDear Mr. Shriver:This will serve to remind and notify you that Section 34-64 of the SchoolCode requires the Board of Education to demand and direct the City Councilof the City of Chicago to levy for the year 1959 a tax at a rate which, whenextended, will produce the sum of $9,568,000 for the Public School Teachers'Pension and Retirement Fund of Chicago-
Yours vei·y truly,
Evelyn SholundExecutive Secretary
On motion by Mr. Meierdierks, seconded by Dr. Lally, the four-month state-ment of the Financial Secretary for the period from May 1, 1958 throughAugust 31, 1958 and the letter to Mr. Shriver regarding the 1959 tax levywere approved and ordered printed in the proceedings of this moeting.
-i
Sept.·mlicr 19 311 1958
REPORT OF COMMITTEE ON FINANCE
Reimbursement of Contingent AccountThe Committee on Finance reported that receipted bills, cancelled checks, bankstatements, and other supporting documents covering expenditures for theperiod from June 6, 1958 through September 10, 1958, inclusive, and totaling$1,343.85 were audited.
The committee found that expenditures had been made properly and recom-mended that this account be reimbursed in the aforesaid amount.
BillsThe following bills were presented with the recommendation that they beapproved and paid.
Atin.4 Sfiltic)ilerM:
4/28/58 Omer supies .......... .....3 60.·196/30/50 (mic'· SupplieS ..... 37.177/31/58 0111'·. SZipi)lies ... . 16.00 $ 113.66
nonrd of ICd,tention of the C.tty of Chicago:7/18/58 Prepai·ntion of tabulating mit·ds showing teachers'
salary deductions for each payroll poriod from 242.674/1/58 to 6/30/58
L. A: 110(·hm Com/inny:7/17/58 Mimeograph supplies .. SO.757/22/58 Mimeograph jill}plies ,. 24.00 104.75
Chiengo Cup & Speetalty Di,·bdon:7/24/54 1hper CUPS .........·············· .12.70
Cirntinental 1'.111·elot.e Corwiriation:6/27/54 50,000 window envelopes. SS!}.00
R. Cooper Jr.. Inc.:7/25/58 Repairs on writer cooler. . , 3, 0
Cor,en,tr Corporation:6/20/58 54111,Flies for t,Imtoropying machine. . 8.951 / '2 /5 % .Kupplies for photocopying 111 . tchine . 36 . 50 45 . 45
Iltiye,4 St:itixtical Service, Ine.:7/23/58 Te:whers' contribiltion credits by Board of
iC,]tle:Ltion 1,759.70to Actuari:71 and ir,Hurance statisities 610.05
Pension linyri,11 changes for .Tun„,,Tuly, August. 128.608/31/58 Ollice : iciminimration 45.95 2.544.30
Internntion:11 11114,14.4,0 Mitehine„ Cor,ic,rntion:6/16/58 Service on tri,ewritur......., .............. 6.957/ 1/58 Typewriter ribbons 7.309/ 3/58 C':ird form composition..... ................. 90.009/ 3/56 100,000 card checks. 334.00 438.25
Mnrehnnt Cale,11:1((ir,4, Inc.:6/17/58 Service on March:int calculator. 11.25
MIc!.Cormick :and lienderMOn, 1,1 4•.:6/ 4/58 Printed forms ariel supplies. . 899.95to Credentials for election...... 62.008/28/58 Report of April procep,lings. 304.40 1,266.35
September 19 312 1938
Bills (continued)Pitney-il„ive,4, Inc.:
7/14/58 Parts for postage m,·ter9/ 2/68 Machin,· inspection !~/1/58 thi·nu:rh S/.:1/55.....9/ 4/58 Postage Meter rental 4/1/55 through 11/:;c)/ix...... :M.()11 96.55
Remin;Non Itzind:6/30/58 Eli·ctric port:,1,14: ad,lin;r nict, hini'. ... .. :770.00
The St:Ind:ard Reiri,der C'„„11,:lity:7/ 3/58 15,000 Iionsion ch,·cks ........... ...,.... 247.16
PhyMICIan,4:8/11/5.8 A. S. Cier·:Lri, IL.D.. I·:x:linin:,tioil of 1·,clith L. Miteliell ,,,..... 5 15.007/24/54 .Tohn T. (:regorio. M.D., Ex:unination of Eclith L. Mitelwll. 15.007/12/50 Virginia T:irlow, M.D., Ex,unination „1- Man· 11. Claus. ... 20.008/ 8/58 11>onald Ie. Wutt>:, M.D., Examination of Christ Kar·clas...... :;0.00
Kirkllind, Ellix, limt<(rn. (-11:in'c·,7, S ~,I:,+ter#:9/19/58 Legal sc·rvic,·s from 6/18/5% ti, f,/1.S/59. ..... ........... 1,250,00
5 7 78.04
On motion by Miss Taggart, seconded by Mi·. Meierdierks, the foregoing re-ports and recommendations of the conimittee were approved. Reimbursement ~of the contingent account and payment of bills, listed above, were authorizedby the following roll-call vote:
Ayes-Mr. Petrie, 1\Irs. Johnsen, Mi: Meierdierks, Miss Taggart, Dr, Lally,Mr. Whiston, Mrs. Light-7. Nays-None.
Refunds and Death BenefitsThe Committee on Finance reported that doctiments pertaining to claims forrefunds and death benefits for persons listed herewith were examined andverified. Applications for refunds a/c resignation were made by persons who Iare no longer employed as teachers by the Board of Education. Applicationsfor refunds of contributions for widows' pensions were made by male teacherswho were unmarried at the time of retirement. Claims for refunds of con-tributions and for benefits payable on death of teachers and pensioners weredetermined after certifying dates of death and establishing proper evidencefor each beneficiary, administrator or executor. The committee recommended,therefore, that refunds and death benefits be granted to persons listed here-with in the amounts specified.
The committee reported also that in the case of contributors, listed herein,Pension decluctions by the Board of Education exceeded the amounts require,clby law. The reason for the over-payments is that these teachers receivedsalaries on two Board of Education payrolls and duplications in liension con-tributions resulted. The committee recommended that the excess pension con-tributions be refunded.
The committee reported further tliat other refunds to contributors, listedherein, were paid at the time reports on audits of suc·h contril,zitors' accountswere submitted. All such refunds were ellie to ch:inges in rates of contribu-
9,/.
Set,temi,rt 19 31 1958
Refunds and Death Benefits c,·o,itint,c,„
tions for creditable service or to other required adjustments in the application
of automatic increases in rates of contributions by the Board of Education.
It was recommended that the payment of these refunds be confirmed and
approved.
ttef:imb :1/'~• Ite,¢i;Aniati(,1. 41:' Iteguharly 14:,iptined Wrnilier.:
Arlivk:1:, Helen 11. ................. .- .........6 1,~f.1.8,°219.001101 nofsky, Shitiey ...............~......
Hoilzek, Bobbye R. .. 261.00t}ST.76
Bruno, Hil,1,1 T. ......... .....,......, ·.... · ..... 1.586.7:1516.00......... ~04.00
Chessick. Mn·cia F... 89.00Convidine, .le,illne L. ......~.... ................. 140.00Cunnizi;rhani, Albert:t B. ... ....,.. ....... 194.50)anber, I,eollard .\. ................ 869.08):ividson, Anne . 516.001:n·is, Corrwlia M. ........ ...'.,b...,
·· ···· 1·18.50hamond. Michelle ..... .91 U :........
)ixon, IIerbort C. ....... . .... 719.00)<1,·Ir, ltich,kid Il. ........ ... ... S}tit
. 1, 902. ·1·1786.00
11'il·il. liette S. .......· .....····················· 114.75856.75r r „ r.·'inn. ('nrole 12.
''orrestal. Catherine 0.............. 5(12.0"razer, 12(,lwi·t H. 2,050.Si;
1,576.901/·how. Mi,lani D. ......., .................. · 705.OS
:169.00(old, liern:trd 11.......... 2,062.10
1,('27.25Goodrnan, D,·1),)1·:ih .... ...... .............. :115.56(; i·,·rnst' in, T,0·11"re (i. ........... . . .
~ #GLAMchist,if.:on, Elis:ilieth .,1. .. 7 95.Dll
Heffellinuer, 13:0·barn M. 23,1.00Hoide,11:11111, 1{zith . ... .. ... .... 71;S.001-inT·11. Cal·,)1 G. ....... 653.821Tittrhins(,11, TTelene· 11. .......... 1 172.0(1Tohnson, 8;ttj' K. .... 1,434.25JI),4,9,.I:iript 1·'. ....... .. ....... 2·19.00
713.50K:,tz, Fanny .................. ...............·1:ilev. Elizabeth N. 789.OnKorman, Philip .......... 739.761,5,1111,rinid,?s, Niche,b: ........ ..-1.970.(m
······· 219.9·1Lehrh, Elina AT. .............. ··········· · 1.*,15.00T,ennard. Alier L. ........... ..... 700.95
743.nflLm-den, Doris: S. ....................····· ~:87.50Lombardn. Rhen Marie .... .. 6 40.76T,nvoterf, .Tolrn P .. 630.OfLuxem AT:lry }3. ...... .. . ... . 210.OrtPr·Gi·nth, Rita M:ir ................. .... ·· Ki,0.50Mill,·1·, Alic·i:, 1·' 5.1:..miMueller, Maliel S. ............ .. ...... ... 2,123.00Murtiok:i, M:i 1-joi·ir K. . .. .. ... ....... . ·133.75Murphy, Mary F. ..... 1.961.00Nakamurn, Wilfred K. S95.47 ·Nnser, C'h:irlr·ne TV. . . .. .. ......... 1.Of·1.50Nathan, Roslyn TV. ....... .... .......... SciR.1.1Neems, Sliirlrn· K. ..... ,. ............ 422.40Nelicart, Arline V. ... ,,,, .......... 89.1.00Olcesr, M.n i·,· Mal·Irn !·rt . .,.. ........... 2,·IS.75Ongman. Audrey M. .. . ..... .. ........ 563.00Osher, Carol S. ..... .......... ............. 156.00Patterson. Shirlov L. ... .. . .... 190.50Perst:v, Marvin . 960.2.1Portriny, Sanizirl A. ........... .............. 1.127.60
September 19 314 1958
Refunds and Death Benefits (continucd)Refund,8 11/e Redgnation of Regularly Employed Memberm: (Continued)
Pratt, Nollie L.................................... 768.00Regner, Joan C. .........···················-·····- 699.00Roidy, Winifred M. .. 360.00Rosis, Beryl Wolf ................................. 1,052.50Rotlinage 1, Claire S. ................... :22.00Rubin. 1Cthelit ............................. .. . 1,05(;.69Ryan, Evelyn .. 1,871.00Ryan, Glori,1 Al.................................... 655.50Salk. Vicki J. 516.00Schiller, Rojeanne M. ..................,......~-.. 37·1.5,0Schomburg. Lor A>·ne K. .......................... 1:)O.00Scott, Bessie Joyce ................................ 1,806.04Shapiro, Renetta ...........................,...... ill).00Snyder, Cynthia .. ·····················........ ... 321.00
1 *I / r 42 -Starks, Augustine W. . . ~ « - ~ * I . I ..,4)1....)
Steinberg, Sonya H. ............................~.. :;og.00Sullivan, Joseph W. ·················.............. 1,801.:16Van ALarter, Shirley Ann.................~......,.. 768.00Vasquez, Rosemarie J. 565.00Washington, Dorothy II. .. 12# 1.&.91Wick, Lorraine'Volffers, Thelma ...................... 1 71)2.70Zinn, Shirley B. 627.75 $77,336.69
Refund,4 1,/e Sel),Irittion fri)in Ser. lee Of Aul,Mtilliteor 'I'emporarily 1·.sili}]oyed 'I'etic•herM:
Ackert. IIelen O. .............. .10.00Adams, Estelle B. 97.00
01 G
Afalla, Ronald L. .......... 150.00Alfano, Elinor .............. 156.00Allard, Charles G. .........···· 105.00Allen, Frank ............... 450.00Anderson. Jeanne B... 2·It).00Arends, Marilou .............. 21().00Arnold, June Loraine . 96.00Bagratini, Larissa ............ 108.00Bailey, Joseph Frederick . 461.28Bailey. Raymond O lt)5.00Baldwin, 1•'lorence M. 1 68.00Barnett, Marion H.......... 723.00
2:15.50Ratantini. Ralph C... 75.00Beauregard, David A. 105.00Rehrns, Walter A. 111.58Beilin, Alice E. ..·········· 450.00Bell, Vernon L. ..,.....,. ··· 157.52Rencivenla, Joan ........ 251.28
120.00Berry, James E. .....Boghosian, Knvork ........ 532.56Bonne, Daniel A. ....... 159.40Bonner, Charles II. 535.NBookman, Lola . 163.50Tirey, Shirley R. 369.00Brixie, George Joseph .. 111.58Brown. Kenneth L. ......... 47.82Brown, Mildred D. ...... 177.00Brown, Robert H. ...... 281.28Brown, Sara H.............. 76.50Bryson, Dorothy ......······· 237.00Burke. Norene . 426.00Cain, Betty J. .......········· 165.00Camnhell, 1,<,lit:i IC............ 153.00Canzone, Jordan ...........
rini, 13:irl)arn F ........ . . .. . . W }:~rj] ACurbuin, Dorothy .Te:in .....· 450.00Carmodv, Margarot M. .······ '174.00Carrington, Henry C. S 7M. X 4Carter, La Vern M. ......··· 2.10.00Chernov, Patricia Ann ...... 318.006,17.25Class, Joan 108.00Coleman. Rachri 'M.:........Conrad, 1·.in:irne L. ...······· 191.28Cooper, Marilyn G. ....····· 366.00Corona. LaVerne M. ........ 147.75Coss. Itornndin, A. 156.00Costa-Nunez. Marilyn L. ... 76.50Crosby, Edrnzind D......... 1,211.14Cross, Josephine I...... :64.00
September 19 315 1958
Refunds and Death Benefits (continued)Refirnd* 21/r Sepnration from Ser,·Ice of Submtituteor '1'empornrily I·Jmlitoyed '1'elle]:erm: (Continued)
Curry, JVade ....................... 405.OSCurtis, Richard C. 159.40
225.00Cuthbort, John V .........................-V 537.34Dance, Francis IC. -- ....................
36.00Darcey, Margo K.48.00Davis, Iris
Dietle. Jo:in MeN:illy ................... 216.00Dinnella, Glori.L A........................ 102.00
476.25Donner, Theresa .Dryfoos. Ruth Arendt .................... 120.00
216.58Dunn, Philip S............................Elliott, Blanche . 60.00
63.76Engel, Charles R.Engel, Sharon ........................... 1}liEErickson, Miriam R.Ernst. Lucile M. ......... 405.00Fasm:in, Jeannette B. ...... 210.00
236.25Fein, Zelda ..............................1•'eldman, Mariyne .......... 127.50Fenwick. Thomas C. ....................... 120.00Ferris, V. Winston .. 300.00Fields, Williani Te. ................- ....~- 1,072.76Finley, Barbara Lee ..................... 48.001·'lournoy, non. Marie .................... 463.50Flo*·ers, Louis L....................... 903.84Foirelrnan, Estelle ....................... 699.7.5Ford, I::,thryn n'obb .............,......... 24.00Forney, Dol·othy A. ...................... 198.00Francis, TV:LIt»i· P. 15.00Frank, Rochelle ........................ 188.25Freedman, Renee .... 249.00Freko, Caryl Ann ........................ 108.00Irrezitel, Doris .T. ......................... 12.00Fulks. Claude V. ......................... 76.88Fuller, Patricia 416.25Flill,·tt. Anit:i .................,........... 51.00Galford, Enid 165.00Barrels. Ann F. 12.00clnrt, Walter R. 191.28Gil,son. Lowell C. 4·12.56Gilmor. S:211(11·fl G. 127.50Glari 11, Ji):i n Ell,n 330.00Gleason, Bernal·d John ......,,......,... 175.84Gl (n·er, Enol:i M. .........,.,............ 723.00Glover, Ira 270.00Gold, Ti·win 302.86Gold. Wilbur J. .......................... 31.*RGonlez, Ted T. .............,,......... 270.00Goodman, Gerald M. ......~.........~.~. 15.00Goodrum. Alier Hiller ...... r,54.07234.00Gorliatkin. MeverGraham. Mary 'F. ........................· 213.00Grpon, Jamns R 221.28T-T:ikanson. Donald R..................... 401.CRHale, Margaret J. S. .......~-............ 723.00H:imilton, Carlton M. 903.84Hanson, Mary Oaks 144.00Harper, Alice -W. .15.00Harris. Curtis Tl. 31.RSHart, Janirs Paxton, Jr. 337.GOTTonly, Mary Airnes 2,19.noT·Trl(lmnier, Carol L. 201.nciT-Tr,ndorson, Ozzonarian Z. ............. 907.R·1TTillel,ran,1, .T:wk .T. 405.OnTTirsoli, Lon . 2·in,On
701.28Hoffman, Doris M. ..............,........Hoffrnan, Jane 1Rn.noT-Tofford, James L. 17S.12T-Toldridge. Earl P. 45.00Holmeg, Marv TV. .. AR.00Honvor, Theith K. 192.00
314.14Hopkins, Ednoma G.T-Tosodn, Dorothy A. 219.noTTricor, Pliannve 13. 240.no7Trint, Tletty .Tanr 76.50Trorson, Don . 405.00Jnrk.gon, Botfy T,. 90.00
September 19 316 1958
Refunds and Death Benefits , Ii ,Iifillit ¢·it )
Refund,4 11/e Separation frum Service of Sub.itituteor 'I'(·mt)(Irtarily 1·]1111,1„yed Te:achirM: Ct,intintic 11,
.Jackson, Inez 31.00Jaffy, Florence 1.Janies, 1:obert 1;. ... 611.25.jankel, VUlga 219.00.Jellins, Alice T. ............. liu.UU.hansu4 M, Ani . .......... 1SS.25.fohnson. Mutlic (;. .......... 1,01011.J ,)1ies, 11,11·1·i, tle J. 1:4,>(1 ... 1 (IS.11().lusk:i. 1·~1 viva K. ...... .. S·1.00Kalfas, Fill 4 Ss. 0{)Kand Jum· Attlic· ·120.oilK,ineok,i. l'il*t: Slimil:,i ... 1 2: G. 5 0E.lwak.imi. Charles 1. ........ :;11.261·Layne, L:-Vern,· 12. ... ... 114.00Keating, Joseph Earl .....Kennedy. William '1'.. Jr. .. .-.....Kewitz, D;Llc H. ············· 1,3.76Keyes, Sheil:L 25.5()Kinney. Alma 2·10.00
240.00Kniss, VirginiaKoldyke, 11,irtin .J. ......Kos:, Gail H. 18.0()Krueger, 13211·L M. 551.281,:Inier, James M. ....... 127.56Larson, 1)avid J. 178.20Larson. Donald F. :; 11.28Latek, Marilyn A. 249.00
172.50Levin, Judith B.Levis, Marjorie C. 104.25I,iddi, 1/01118 221.2SLindholm, Raymond S. 206.28Lomax, Alice G.Lovell, Cornoidn I). 198.00Lowery, Charles .f.Lucas, Anne E...··········· 225.00Lulich. M:Lrtin 1'. ..... 292.56Lyon, Rich:Li·d E. ....······· 705.16ALael)on:ild, Marg:ir,·t M. ... 81.00Marable, Carrie M. 96.00Marks, Sandi·n 282.0()Martin, Mildred S. 168.00Maske ]Crnily .......······ 180.00Masuoka. Ruth K. .....···· 2·1!i.00MeDaniels, Charles E. 861.63MeLandau. Fred O.....·· ·· 903.8.1Medley, Ellen R. 3%·1.00Miey·sen, Emil L. 159.40Miller, Earl .........···· · 95.64Milord. William J. ..... ... 281.28Miyallira. Michael ····· ····· ~10.00Morriss, Dorothy P. .......... 198.75Mundstock, Eileen Fort:lim.: 477.OnAfurphy, Alma Mae H. 474.00Murray, Marilyn 189.00Musiker, Stephany ......... 12.00Muth. Hazel H 12.HoNatinewicz, Henry . 892.68Nee. Carol S...············· 96.00Neodelst, Mary Catherinr .... 168.00Nom,en, *Mn W 161.25Netel:ind. Edward ....····- 516,58Nor, Robert 127.52Obraclovie, Svivin 285.00O'Brien, Jo:iri G. 102.00Ousnnmer, B,·ttv ,T 96.00Prieth, Leon:ird 'G. .....········ 63.76Park, Dorothy .T. 220.50Pnsiencier, Mait))11('1 ...·· ··· 348.88Patterson, .Tunr .......······Penilierton. Richard TV. 296.24Peterson, Han·ey R. .. 508.14P feiffer, Barbara R. ......... 76.50l'flrium, Clinton 11., Jr. .... 683.62Phillips, Tranne T,. ,.. 137.25Plimpton, .Tolin TT. 5 0 6.2 RPlumer, Adeline K. ··········· 48.00Polirk, Anthony F. ········· OR!.11
September 19 317 195>
Refunds and Death Benefits (continued)
RefundH nic Separation front Sen·ice of Sub#¢tituteor 'rei,il),Ir:irily 1.,1,1)1:ij·ed '1'elle]1erps: Cu·ontinued)
Pollock, Marilyn J. 120.00278.49l'rablein, 11:ittliew .........
Pretzel, 1Illgo Cll,LI·les ...... 685.34R:id,1, liel·th:, ................. 474.00
903.64lt:,11, 1Cup·n,· H., Jr.I{und,111, Robert L. 156.561':,1. David 1:.unelle ........ 315.121<:te·born, Hand:ill Lee ...... 29 G.2Sle:!)han, Gel·al,line C. ........ 474.00Reinhart, Vii·Kinia S....... 62.25
33.75Itifirer, Joyce L ...........I{oberts, Mary 1::wh.lel ..... 36.00Robinson, Sylvi.L Kah:ine ... 24.00Rokusek, 1-lent·r J. ........ 705.16
240.00Itose, Diami Korb.ikes .....Nubio, Helen Schmidt ..... 64.00Ryan, Mar;raret Mary ....... 102.00Saam Gloria S. ............... 686.25Sal.tpatas, 13>·ron ..... 159.40X,lImon, Susan G. ............ 204.00Sarneeki, 11:il·old I'. ........ 626.28Sche,1,11·, Vit·wrini,4 1\1:le ..... 489.00Scilmidthe, June Sutton ..... 357 AA84·hmitz, Alice C. ..... 72.~6Kehn,·ider, Doris .Te:ln . . . . . 240.00Schramm, IC(Ina M. 322.50Soiden. Lester .. 135.00Selz(,1·, }len ................. 188.49Sh:irp. Thonizls 12.
249.00158.46
Sheinfield. '1':inv,L .Simon sen. Crosley J. ....... 270.00Sims. Ann G, 502.56
723.00Sin:idinos. .Tohn J. .......,.,Sirotn, Marvin 318.39Slatic·off, liorothy 13. ....... - i ·t. io,Smith, Aticlrer Mal·ie . 36.00,Smith, Mary Fr·:meeK ...... ---....Or). .r
Stnith. Murline ............ 687.00XPengler, Kprint·th C.......... 111.58Speros, Niche,Iris . 577.56Ht)ever , Maxine N. ..... 192.00Spinka, Ina Etta .......... 76.50
200.25SI,11·:i, N.lney A. ..... 307.50ST·amek. Joan ....... 270.00Stachnik. Thon,nA J. .......
Stanton, ICileen E. 213.00,Stein, Lillinn P. 252.00Stevcms, Pati·iria litinning . . 96.00Storry, Richard E. 592.56Stron;r, Eliznheth F. ..... 147.00Stuller, Arlene .... 120.00Sue, .Tininiie K. ............. 120.00Sweet, Robert 1311·(lette 903.84
60.00SZ,11),li·towski. Mitchell .Tarenkn. William A. 257.82Tarka. Mathew E. 438.84Taylor, Mary F 236.28Thnin:134, 13:zi·rv Wvetli 140.25Thomas, Patricia It. .......
Tolwi·. Duntip G. · 352.56596.28ik.id. James ..1. ······ 14 5.46Trempor. Fred TV. ...
Ty ler, Ann Li' i· ...... . -.1 /1 1/,1
ITchiramn, Sue Sue]:o .... :~61.&Trechi, Shirrm·11 ... 596 " rTIninmq, Marle Arleen .....,,,. 402.7h
501.00Vaner. Kntherinr A. 210.00Van cler Vren. Ferdin.ind..... 120.noV,9 n TV inklr. Marilyn . 228.00Tronuti, Emil .T. ················ 175.34Vogpl. Jordan ....
574.00127.52TVallare, Mary 1->Min . ........
Wn]11.9, Robert Tl. 208.14W-asco, Eugene IC. 420.00TV'rtillington, Ettn Kelly . 573.OnTVoiner, Anne Lewis . 24.00
Sept:ini,:1 19 318 1958
Refunds and Death Benefits ( c ·,intilitird)
Refund,5 11/r Ketmration from Service (if 5111),itkntecir 'I'emportarily Enti) 10 > ed ' leacherM : (wn , Mud )
Weiner. Paul X. ............ :,t)0.70Wrstel·hoff, Mary .J,Lne . . 723.00White, 1:dA·:Lrd .1. ....... 15.54Wild, .John L. 311.28
noIVilli:ims. Thendor•• .1. . ..)1.6.
Winkler, Mary Alic,· ... X,1.00Wintczak, 1-Ienrv F. 16.88Witek. Esther V. 247.50Witt. Hyrn T. :;11.28Wrirrht, LeRoy I,tillit·i· . :92.56Yank, Edwina G.Yarbrough, Jewell . 51,5.50 ~Yaudes, Leonard L. 127.52Yelverton, Clarence W. 522.21Zal) k a. Clifton T. ...... 1;0.00Zari, Grace ........... :;~1;,00Zons:ler. Patrica L. 2111.00Zibell. William IC. 416.28Zimanz 1, Thomas A. ....... 2:16.28 St;,162.68
ItefurndK of Confrililltic,Il,€ f,ir Wic|(„¥M' ]4~114i(it,Mti, I'frAn,IM Not Entitled to Stic]1 114'11('litv:
lie|Inan, CH'irrnce II. ......... .. ...71(Clan:lharl. .TH rilc·M F. ...... ......... ·1:il.78W:it,on, Charb·, S. .... .1:11.78 1,29;.:;t
It€·firmiN c,f Ace,1 1,1111:ated Contril,1111(,tai (rn 1)elith:
ReKY . Laut -: t (, ((; la ,lits Mar, 1 lic ·,111 . 1, rne.li , iurti ).......1 , lon : ky , Philip R . ( LiI / 1 , 1 , 1 I ' c )· lm (In , .\) 111 {1 filtither trn , 1
:: tsRHoehlke, M:li·ie IC. (no?,i·rt E. /;,ic'lill,c. tic';Ii'/i,·ict;·b). ... 1.527.7,5Cassidy , Nellie IC . (. litinc: W . Pitisi, 111 . 1)119 / ii. inni ) 1 . 59 , 1 .'; 5 *Del X1 ( in : Ler), . InK ,· ph (.1 „ A ,·tilli , Ir i)rl .11 (, 11(rni) and :1 16;ti:"t
Di·1 11(,11,1,·n. licnclit·inricx) .......................... 1,2(,5.;RGilmon · H . (' 1 : ll k (/„inul ,! B . f ; ilmin· c . brnr/lriart,) ..... 1 , 193 . 18Grah : on , lether S . (( in·, 11,1 . F f ; i ·< 1 } i ,tin . hinc:fic · icti ·11 ).... 600 . 46 *c ;„ ti , Iik : lilf , V : irth :, M . ( Mii ,·tin M . f , ittrul.<, 115 int , i . r „>u · f
(; ittrnl.(litf. br )1;lle;,tric·8 ) ........................ ·LGr,1.001 -[, inkey , Ioln. S . ( 19 11, 51 · r I )( ini ,·I jirrst , 11('nflicinni ) ...... : Sh . 08 .Kilkerinn 1 , essie . L / 17· i ' ne . 1 . ReW ,L brnrn( wl )...... 1 , 95 9 . 00Nurtz, Irene M. UnmeB li'. K 11,·tz, bi'iti'/iciaru) ......... 2,718.27Loes,·r. Edith F. (.1/irc ./. Lort,ri· 11,1 *1 1-i,·91/ic, L. //„1,·i :,
928.75Major. 1;10:,11(,r S. //·'u·9·.f·11 1'/'1/~i,/tic .1/(rior. li,;Ii/ir:i<,;71): 4.71.52M ,·>, ser , Gertrilile IC . ( Mci ,·imrit Li,rin . brurtifi, 1,· Ii ) . 1 . 24 :;. 04ROMend : lhl . Ncit m , 1 G . (\ 11)¢'1· t R . mmuddl . 1 . 1 /, lit :
Rclifilt:. Milcirrd I¢, Lott. 1·;th,·1 r,. Linific. cti;,1 1,<,1,rn,cr B. R<}Rf'lidalil. 1,r 114'ticin)·ic·R) ...........~....~..'1.51·1.nO
Roth , Frunre . 4 J . ( Nit ' ll(, 1 ,15 N ,} tli ir, 1 , 1 J ,·u ,Irt tr i :,illiKinot/er. lienellric , irR ) . 5 , 701 . 90
1 ,;·:, 11 , 1 .: leanor R . (Gr ,·alilinc M . Rutrn mul Mu ,·flinct M ..·1.2.1:&.25
Sween py , Ts ,91 , pile M. (.10*; 1311 P . Al:-crilcil (1 11,1 1;, ith i·, inChrad,1. '1,1,11inixti·tit,)1.) ................ .... .1 7 4 4 - 0
Wortz ,· l . Floric ]: i ] C . fc ;,·, i '·'/ ift (31 ,1 ,·it Miller inul Vir,Jinit ,841·ah ItrilifR ,·111: c '. lic ,5 ,· 111 · invil ' v ) ......... .... ~ . 5. er,7 . nA 61 , 575 . 45
*All}iltif(Illt
MiliArle ID"H"(·,t~ &wrii¢ 0„ t)~·1~(]a (if '1'4·:H·11{•rM:
. 2.600,60804 ' hike . Mai · ir K. //;„ 1' r ,·/ /.'. 110 ,·h / L.· i ·. 1, r~} rfi ,· i , t~ i ; ) . 2 . 50000Cronin . Corn ,· list . 4 (Jolin NrnICronin . brnrtif ·i (11'!1 )······ 2 . 501 ). Of)Drl Mon , irci , . Trisr· t , 11 (·/ ns ,·/ Illine 1 ,rl .Wf,}1 , 14 ·„ ¢1 ,1 , 1 : 111 ,; u : f
1 , 9 · 1 Mounro . brn "ArinriCM ) .. ... . ... . . ........ .. 750 A , 11 ·' 15· nli , lii.: 111 (' is W , ( Lorrtla A . 11 „ nu . br )1 (,11 (· i ,int ). 2 , 500 . OnGiven, Rot)ort F. (·1 41,1 .lf, C;irrn. hrnencifir„) .Giitcmkntif , Mat · tlizi M . ( Af ,trtin 7!. c ; litrill:( INf .
fidmin{Rtraffir) ....··········'h' 2,500.00Kill : enni ·. Res : ir· J . ( frrnc . 1 . Ret,111 . brnrth:uni ) . ··· 2 , 50 11 . 00Kitz·tz, h·r·nr M. (Awn w. hS:,i·tr. hr,ir/lein,-i,) ......... 2.500.00Lneser , Edith F . f Alier . f . Lor . r,· find Vii ·, lini ,1 1 .. ifinr , R .
750.00
Sept,·mlier 1'} :19 1958
Refunds and Death Benefits ( confinurd )
Mi !, irl ,· 1 '11 i m ,· ia t ite ! 1 (· lit „ 11 De : ti li i , f ' 1 ' enelier .•4 : (,·nittill lied )11.1 jol. 1·:le:in or >4. 4/''rE:v // 1.,1,/,·id,/e .lt<,i„i·, ben,·/ici <1 ,·Ii) . 2,600.0011,·:Aer, Gel·tril,|t• 1·'.. C.1/11,·,/(fn·t Lin·fil, lii'ili·/i,·111,·i/) ..... 2,500.00Itosenclahl , Form, t G . ( Albert R. 1/osendalil . I,?,(Iici V .
Xf ·// ult :. Mildri ·d j:. I . oft . 1 < th ,·1 L. i .unqc irnd Lwr ·2.500.00
11 () tb . Frances .I . C .Vt ,·/ 1 „/, 1 .. /,· i , th Nnd ./ t '(111 £ 1 A /WAL2.500.00
I :>': 111 , 1 .91 ,·: irt , il · 1 :. ((ic ,·111 ( li ,14 · M . 12 ,17 : 11 nnit Mitr!) 11 ,·ct M .Runn, brneti,ic,Ii,R) ...... 2,500.00
Sweene >·, ls , 11 )· 11 t · M . C ./ 0 .:, 1 , 1 , / 1 ,c 1 ,·,·c ·,„'?/ (1 , 1 , 1 1(, ithr~? ~11C; i·ad,1, cidvii,zi,.t,·i,tor.: 1.. 2.500.00
TVarneeke, L,tur:l L. C 1/i/dred X. ,1 „b,1.0,1, c.recuffir) .... 2,500.00IVeliz.: 1 , Florida IC . ((i ,·,u ·,11 , 1 (11, 11 · 11 \Ii !1 (· 1 · „) 2 (! iii ·,Ii, 1 ,( 1
Xarah lit'ilitnkl, e . lit i : clit - in ,· ir :) .... ~ . ~ ~~ . ~ .......... 2, 500. Of) 41 , 600 . 00
Kingle Pnyment Benefit (in Drlith of '1'c·:14•lier-1'e]IMiIneri:Arkermann , 1 · 311· le ( le M . (.·Ubcrt T. .19 ·1. 0- 111 , 1 , 2 , 1 .
benrB< m , N ) ......... . ... 500.00Cus: sidy , Nellie 1 ·'. /./ cri , KI : Ir . (' fix .: i ,/, 1 . ben ' li 'laru ). . 500 . 00Gr : ill :im , 1*4ther (('11 (1111 '>4 J . firtiliam . lit Irlirin ,·!1 )······· 500 . 00H : nikey . Iol :, s . (T }·15 < rit ' i ). / terfi . 1 ,(' il{'li ,· icti · i/) .......... 500. 017Ii : in · is . Harold Z . ( i }" Intlt !, i;. iti, n ·ix , hi ·,14 · firia ,· 9 )..... 500 . 00Katzof , 12 ,»:,· 11. (dim ;, 11 11 . ii , it -- i , f . 1„' 11 *·li ,· icir !/)········ 5,00. OBSt ·] lilt ·,sler , Gust :n· IC ;<' 1 ·/ rude Xi ';im '.v .Nli ' r . brnritinru ).. 500 . 0011 -: ildo, Mar· L. (/. 1/(·/ 1 (/ .1 /. ('ufh' i·. Nox (· Hant : pel . I )·rii ,· A .
('1·¢,anc·u und .1 '/11,·s ('. .1/,·firitth. li,·,14·11,·iaric·8)......... 500.00 1.000.On
Refiandv of C(,I,trilrntion* for Meri·it·r in Exc•(.AM nt' ·15 Ye:IrMin the Ami,Int Applicable 11% :111 011'Met to the Dc.licirn€.3' forNer,·ire l'rl„r f c .lilly 1!)~tl :
Albright . Ella S. .................................. 26.32Ander>,en, Airnes Mari•, . 395.10Anderson, Clarn 11 .......... ..,................ 52·1.GOIl:irl:er. (11:1(Iys; I 151.87
127.04Retchow, 1-letty R. :.99.00TNekhoff. Charles I.I 101.28Batterfl,·1,1, eli:Ir·les D, .. 202.50
39".00Urquimrt. Man· 54. 579.00T 'eism:in, Mai ......... ....,... ...........~~~. 26.83 2.932.0 1
ttefil!1414 11/(. niti,lic,lition. in 1'911.1011 Di.,1,1,•ti(rn. 1,>· flic.nonril *,f 11(1114·zilicin:
13oland, Donald -W........,........... .... 1 51.84Connor, Edward V. ............., ......... 611.28
90.00Kolar, Rich:ird F. ... 1·13.16Reefe. .Tohn T. 31.S8Somt·rk. Ttlelinrd ... ......................... 45.On 1,073.50
Refli,i,14 2,/4, AdJEIM#ment* iii ]Ente,4 of Contrililition..:11:,Ancilin, 1-)onn:, M 1.SO
4.00B,mrgeoi.4, William T, .......,.. 3.40Clir, Ger.11(line C. ......................... ,)/.-11Clirk, Mary P. 5.10
17.72T·Trlf;rott, T·Telen .... 17.00T,nniolo, Lon·:line . 1.70I'll,i·r, 01:11·:1 .T. . 34.50Sliitio. 17it:t I". 7.65Simon, MolliB TV. . 3.00Stilliv:in, I-)(,i·(,thy P.... .......... 7.00 159.12
5275,994.82On motion hy Miss Taggart, seconded by Mr. Meierclierks, the foregoing re-ports and recommendations of the committee were approved. Expendituresfor the payment of refunds and death benefits were authorized and confirmedfor each account shown above hy the following roll-call vote:Ayes-Mr. Petrie, Mrs. Jolinsen, Mr. Meierdierks, MIMS Taggart, Dr. Lally,Mr. Whiston, Mrs. Light-7. Nays-None.
September 19 320 1958
Refund of Contributions to the Board of Education
The Chairman of the Committee on Finance presented a letter from Mr. R. G.Zolinski, Director of Teacher Payroll of the Board of Education, requestinga reimbursement for pension contributions in the amount of $180, which werecredited to the account of Daniel L. Sullivan, Lane Technical IIigh School,during the period from September through December If)56. This request wasdirected by the Board of Education's Department of Personnel because Mr·Sullivan failed to comply with the requirements of the sabbatical leave rule.
The committee recommended that this payment be approved and that theexecutive secretary proceed accordingly. .-\
On motion by Miss Taggart, seconded by Air. Meierdierks, the recommendationof the committee was approved and the reimbursement of pension contribu-tions was authorized by the following roll-call vote:
Ayes-Mr. Petrie, Mrs. Johnsen, Dr. Lally, Mr. Meierdierks, Miss Taggart,Mr. Whiston, Mrs. Light-7. Nays-None.
Duplicate WarrantsThe Committee on Finance reported that the persons named below requestedduplicate warrants in lieu of the following described checks which were re-ceived and lost. Affidavits certifying these losses and in each case indemnify-ing the Fund against any liability, damage or expense which may result byreason of issuing such duplicate warrants were duly filed. Therefore, thecommittee recommended that warrants be issued to the persons named belowin the amounts indicated.
Inme A mount Number Date III ir[,O Me
Cheadle, Queen .........$100.00 421117 5/31/58 Pension PaymentGulbrandsen, Alyda C.... 98.36 416949 4/30/58 Pension PaymentJohnson, John T. ........ 91.91 427768 6/30/58 Pension PaymentKempston, Dorothy F.... M.).17 433153 7/31/58 Pension PaymentLevy, Lillian M....,..... 20.68 417814 4/30/58 Pension Payment
On motion by Miss Taggart, seconded by Mr. Meierdierks, the recommenda-tion of the committee was approved and the warrants were ordered drawn bythe following roll-call vote:
Ayes-Mr. Petrie, Mrs. Johnsen, Mr. Meierdierks, Miss Taggart, Dr. Lally,Mr. Whiston, Mrs, Light--7. Nays-None.
Purchase of Bonds ConfrmedIn accordance with the advice of Standard & Poor's Corporation, investmentcounsel, and in a mail vote prior to the date of this meeting, the Committeeon Finance reported that the following securities were approved on the yield
1958September 19 321
Purchase of Bonds Confirmed (continucd)
basis noted plus accrued interest. The committee recommended that the
purchase of these securities be confirmed, that the bonds be registered inthe name of the Fund and that the municipal bonds be accompanied by anapproving legal opinion.
Amount 1)(.34('ril,ti<)11 (,f liond,4 Ditte Dntr c,f To(Par Vultic) Numr of Firm 1.Ntled M zi ttlrity Yield
lili,mi. 31„nicip,ilifies$ 100 , 000 Cook Co ., Ill ., Village of Riverd : llc 1 / 1 / SS 1 -/ llt '- it 3 . 45 u
316'; W:iterworks Bonds 3.50 r,66 .lf (·Dous/cil and Condon, Iiic·,
310 , 000 DuPage Co., Ill .. Glenbard Township 1 / 1 /55 1 / 1 /76 3 . 50 %IT.S.D. 587 (Glen joillyn) :; 1,6 riSchool Blclg. 13<,nds
liritrin, 110814·orth .0 Co. .· jto,·nbrotic·i· ,( 11'ecks ;,/uNen CoNAIN ,{ F,i. : Xortherit 7'1-tist Co. ;Rmiman i(· RenRMEK: M. 8. Vick d Co.
Ptil,lic Util:tics300,000 Consolidated Natural Gas Compan> S/1/53 S/1/33 4.30%
·1% 05 DehenturesCrutten,len l'ocies:ta : Eciatman-Dilltin . FarircllChal}men ,· I·'irst lioston Co v. : (ilore. 1·'fir.,1,1 il .Gol,iman #whs & Co.; Illinois Co. : .hilic)1Com'na ; 1". N. .lfoseNcy
300 , 000 El P : iso Electric Company 411 % 1 /1 /55 7 / 1 / SS 4 . 10 %First Mortgage Bonds
Mer,·ill Lunch, Pierce, Fenner ,< Smith ;Dcan 11'itte,· d· Co.
200,000 Florida Power Corporation ·11,61 7/1/58 7/1/SS 4.069<6First Mortgage Ronds
Kidder, Pecil)0(1?1 ,<· C'n. : Merrill Lunch.Pierre, Fc„w'i· d Xinifli
100,000 Tllinois Power Compan>· 4% First 5/1/58 5/1/SS 3.92%Mortgage 19011(154
AR}Mn 11,·05:. ~ jittt:Irr100.000 Ning:11·a Mohawk Power Corporation 6/1/58 6/1/SS 3.90%
3;en Gen,·ral Mortgairr liondsSdomon Bros. 4 Ifittzler
100 , 000 Oklnhorna Gas & Electric Company 0 /1 /55 6 / 1 /SS 2 . 8165:33rm First Mortgaire Bonds
Merrill Lunch, Pierce, Fenner & Smith :11'hite, Ii'cM ,( Co.
300,000 Public Service Electric & Gas Com- 8/1/58 8/1/ss 4.50%pany ·196 0 First & Refunding Mort-gage Bonds
Eciatman-Dill,}n : First BORton Corp.: L.cIfigninson i 19. F. 7/litton: Illitioi< Co.:.fulknColli,19; F..9..1,rosclcu : Stern /fros.,· Svcnerr Trasl.
300,000 Washing:ton Writer Power Comnany S/1/58 S/1/SS 4.50014% % First & Refunding ATc,rtlaireBonds
1111#th 6 Co. : Kidder, Peaboill# 1[ (?(}.:lihitr, 11'eld tr· C.'o.
buhistrial C,irporations100,000 Aluminum Company of America 1/1/58 4/1/83 3.SO%
33ftr; DebenturesReun,)1(18 d· Co.
100,000 American Can Company 3 9% 4/1/53 4/1/SS 3.75 95Debentures
Rc.Unold.9 ,0 Co,300,000 Burroughs Comor,ntion ·1%% Sink- 7/1/58 7/1/83 4.375%
ing Fund 13)01)entitresA. G. ilecker d· (30.: Decin Witter 4 Co.;(;01(imcin, Acirlix ,< C,). ; Lehman Ii}·08. :Itel/nolds i( Co.
200,000 Mead Corporation 4% Sinking Fund 7/1/58 7/1/83 4.06 9Debentures
Enstman J)ill<,11: rii·.:t Bowton ('01-11 ;Han·iman ttiplflf ,(· Co.
Sept,·Mil,cr 19 322 1958
Purchase of Bonds Confirmed ( i ·(mimicd)Amint!11 Deveriptic,li (if ]Iond,4 I):Ite Date of 'roC I'n r Valite) Tzinie of Firm 1%*114*d Maturity Yield-
111(histricil Corp{)ratic),1 4 (,·11}111)111, 4 )$100,000 Texas Company 392,2 Dr·b, nttires 5/1/58 5/l/83 7.720:11(,Iscal. Xtunrt .C Co.
3,10,0 Of, Seni·M, Ito,·linek & Conlt)any ·Fir; 9/1/58 8/1/81 1.75%Sinkintr Fund D,·bent 111·,·:F / r / (irt ,{ C„, : 1.,· lon , in I : Iw ,: itrifi~ fild x ,( 0,. :k „,/man d- 1.'*'in'/;,11,·,- Xmith /:,11·,Irl# lf· ('O.,·11'/aiti', Irc·rd ,( Co.
; 06 , 000 St : indard Oil Company of C :· ili fornia I / 1 /50 7 / 1 / SS . 1 . 40 %·1.'; Sinkinsr Ftin,1 1-),b,·ritures-1. P..flll;)1 &· ('f).: Bl!,th,f· ('fi.: I)(·irn Wittiv6 Co. : 1·'in·ircit. f '11,11))nirn ,< Co. : 1·'ind/Distrin Co,·p.. (;fililinfin. 8,1,·liR d· Co.: Ilarrim,1,7I:ipic]/ if (.0.. Ki,1,1,·i· 1'<·nlifilif d ('i). : I,rhm,inBrom.: Rcuncibls cf Co.: 11 -/lite . 11 em ,(· ('„.000,000 Standard Oil Company (Indiana) 10/1/58 lA /1 ,/R:; .1.5675, ~·116'; Sinking Flind Del)enturesWilli ,1712 filiti )· d f ' 0. : ji r, rnlilin,·t ' r R 11. erl:.:.·Lrt' Hi,mi,18„11 ('rn·/). : Meri·ill L,/11,·11. /'in·,·,·./·'r,in,·i,f .emith.· /'. 4. lf,mi·/c,/ 4 ('u.. nor/mon
.t· 1/en,;liaw : ,<1,4·,1·x,in. ititm i,ilt I ,( Cf,.
On motion by Miss Taggart, seconded by ]\Ir. Meierdierks, the above trans-actions were approved ancl confirnied hy the following roll-Call vote:Apes-Mr. Petrie, Mrs. Johnsen, Dr. Lally, Mi·. Meierdierks, MIMS Taggart,Mr. Whiston, Mrs. Light-7. Nays-None.
Tabulating Services for Pension PayrollThe Committee on Finance reported that the Treasurer and Comptroller ofthe City of Chicago requested that IBM card checks be used by the Fund forall payments. In order to comply with this request, the committee advised thata revision is required in the trustees' present agreement with Hayes StatisticalService, Inc. for processing the pension payroll. It was reported that the workof this Company will be increased by a monthly reconciliation of checks andthat charges will be increased further by the higher cost of processing cardchecks. A new agreement was presented which provides for (a) the prepara.lion of pension checks; (b) a check register; (c) tabulations to balance withcontrols furnished by the pension office; and (d) a monthly reconciliation ofcancelled checks. The charge under this agreement was stated as $32.00 perthousand cards.
The cominittee recommended that the new agreement with Hayes StatisticalService, Inc. for processing the pension payroll at a price of $32.00 perthousand cards be approved and that the executive seeretary be instructed toproceed accordingly.On motion by Miss Taggart, seconded by i\Tr. Mcierdierks, the above clescribedagreement was approved by the following roll-call vote and the executivesecretary was authorized to proceed in accordance therewith,Ayes-Mr. Pell·ie, Mrs, Johnsen, Dr. Lally, Mr. Moierclierks, Miss Taggart,Mr. Whiston, Mrs. Ligh~-7, Nays-None.
A
M=
Sel,te:jibu ly 323 195S
Revision in Clerical Salary Schedule
The Conimittee 011 Finance recommended that iii accordance with a proposalby the executive secretary the following cle:cribed revision in Gra(les fire andsix of the clei·ical salary schedule be appi·oved:
Grud,· V - Ac'c·(,unt:int1 1 year .............. .. 6 175.(Il) P ,·1· mon 111
... aot,·OU pt·l· munth3/d 3/.:/r . 523,00 1,er· 111<,Ilth·Ith ve:ir 550.00 per niontli
Gracle Vl - Oilice 11.,13.i:ret· .$600.Oil per 111,)lith
• On motion by Miss Taggart, seconded by Mi·. lieierdiorks, and by the follow-ing roll-call vote, the above revision in Grades 5 :ind (; of the clerical salaryschedule was adolitted and macie efTective as of September 1. 11)58.
Ayes-Mr. Pell·ie, Mrs. Johnson, Dr. Lally, Mr. Meierdierks, Miss Taggart,Mi·. Whiston, Mrs. Light-7. Nays-None.
REPORT OF COMMITTEE ON ANNUITIESAND CREDENTIALS
PensionsThe Committee on AnnuitieK and Credentials reported tlint :il)I,lications forpensions were presented for persons, hereinafter listed, with the recommend:1-lion that the pensions be approved and granted in the :imounts and underthe conclitions set forth herewith. In the case of each :11)1}licant for service01· disability retirement pension, the employniont of the teacher had toi·mi-nated, the legally prescribed minimum yeai·s of teaching service were com-pleted, and requirements witll respect to age (if applicable) wei·e fulfilled.Each applicant for reduced retivelnent pension made due and proper electionto receive such pension in ordel· to pay a reversionary pension to n sul·vivoi·after death as a teacher-pensioner. Each applicant for disability 1)ension wasdeclared hy three competent physicians to be suffering from a disability whichwholly and presumably permanently incal,acitates him for teaching. Theapplicants for widows' and reversionary pensions furnished proper evidenceof their rights to receive such pensions.
14911],er'x trh„(,1 >N·in ier To Annual4, r i- rN . 1 ,// le 14• tivi , i „
lin,I,·,it le„th/r Menilier'M %(111114 'iii.. I)..'. 1; r'Ii,a lin k
Optional Merric ·(• Retirement /'rnsi„, IN9830 And„1-8011, Agiir>: 11. ...1·'01-,·111:rn ltizh ...33-1-10 6/25/58 52,6·1·1.689689 Avic·houser, I·Inri·iet IE...\,ilizi,(144·1, 1(iL:'h ....05-2-(10 6/28/5+ :1,21;6.GSf)%:12 1·.cl... ··T-2-00 7/ 4/58
2,112.6x
13:de!·, K'alter J. .......1,:uu· T,:t·li. lii:.rh... 24-4-10 6/2%/5 X 05*.40c~ fi c) <1 Tlaken Verilfl AT. ......1)iv. Physical .Mx..5-10 6/2*/6X ::,5/,2.20
Bellnmn, CH:11·en,·i· II. . .Maion'177:; Block, Aniia ..........1.:,n,· '1'•,ch. 11igh. . 12-7-00 1/ 3/50 8,870. 1; li9695 Bluoitt, TI,11}01 D...... .Will:ird ............:;1-8-10 6/28/5.$ 2,969.149696 13011insrer, Will,er R....Anstin }fixh . :'X- 4-00 6/28/68 3,54>.SS9833 Brown, Walter TZ'......le,ins,n·cdt High ....·10-.4-111 6/24/58 3,774.609G98 Burhler, Anne D. ......lererson ...........:;5-1-00 G/2 X/5S 3,102.8.19775 Burke, Loretto ........Thomas 45-n-00 6/28/58 4 183.019%3.1 Caleson, Milrth:1 J.,....Substitute .........22-6-10 f/ 7/58 1,013.409776 Chatman, Lois A. ......Schurz Hin-11 .......:;2-2-10 7/16/5 S 2,922.4*;9701 Chinabloin, Mildred I.. .Morris 35-9-00 6/28/58 't '"7 40li05 Delehant.-, IC#·a C. .....'1'uloy Hif:h ........28-8-00 6/28/58 1%Ro27 6
Septernber 19 324 1958
Pensions (continucd)Member'v School Service To Annunlor YrM . Date Pen ,4ion
N r Inme of Member Member'M StntuM ]IoN. DNYM Frci"i Rnte
Optional Sertice Retirenumt Pc'llsions (continurd)Duley,Mariel.........Fernwood ...........:S-9-0- 6/28/58 3,593.16Erickson, D'lot·ence A...Mt. Vet·non ........26-1-0 6/28/58 2,436.369709 Fairburn, Rose K......UcK,ir 0 6/2>,/58 3,598.089782 Felsing, Agnes K......terrn High 7/ 3/58 2,599.08„/ : 1
9711 Fey, Irene E. .......... Young .............35-0-0 6/28/58 2,7 6 S.SS98:;5 Fitzgerald, Gertrude M.eli ::sold ........... 42-4-0 8/21/58 3,899.5897S3 Foley. Stoll,L A. .......Flower Voc. High...38-2-1 6/28/58 3,535.68978,1 Fontaine, 1-lilda. I. .....Cl.5 ...,..........:15-7-1 6/28/53 3,071.289712 Fuson, Opal H.........Waller High .......:!44-0- 6/28/58 3,548.Ss9713 Golden, 11:irth:i S. .....Shopard ...........26-5-0 7/11/67 2,003.76I)786 Goodrich. Russell V. ...Tilden Tech. High..:,7-1-0 n /.9 /rl :1,433.SO ~9715 Ha:inen, Dell,i f\I.......Parker klum. ......,;5-0-0 6/28/58 2,9 GB.7 6D71G .Huker, Loyola H........Jefferson ..........41-1-1 6/28/58 3,792.369:;SS II,711, Estelle W. . .. ....Substitute .........22-8-0 7/ 1/58 1,153.SO'4718 Harrison, Catharine G..C':liumet High ......:41-7-1 6/2X/58 2,521.329719 Hayes, C. Gi·ace .......It:ln·thorne .........10-6-1 6/28/58 3,748.OS11720 H:iyes Edii:1 M.... Burb:int- ...........35-4-0 6/28/5 8 3.327.60
6/28/58 2,772.12Ni~ N:5%%2j:~i,lij,ri~; ~ '~ :~~~ti/,f;fi~Pi.%.h.... EkN 8/26/58 2,550.129636 Heinle. Lilian S. .......Schurz IIi'·11 .......:3.1-1-0 6/28/58 3.168.369%37 Hickey Lotett,i A. ....i:ike View'High....·11-1-0 6/2S/58 4,053.4351722 Hicks, Robert D. .Tilden Tech. High..33-:)-0 6/28/58 3,024.GO!/727 Hyman. Ethel F.......Calumet High ......·10-7-1. 6~28/58 3,756.964 S 27 Jones, Gladys M. ......Spalding Eleni. .....:]9-8-1( 6/28/58 3,677.289731 Kelly. M:trv 1-I.........Sc·ammon ..........32-6-0( 6/28/58 2,678.SS9790 Kemp, Eva F.... ······Marsh:ill IIigh .....36-fl-OC 7/19/58 39007„„ Kii·gis, JI:irie R. ......Kohn ..............34-0-1< 5/236/58 3,060.48. 1 '..'
97,34 Kiial)i), 1.illian S.......Wentworth ...... .·if)-·1-lf 6/2 8/58 3,730.329737 1,#wrenz, OlgaA. ......Hirsch High .......·11-8-1( 6/30/;S 3,854.239791 Lutton, Cherry A. .....Austin High .......·11-2-00 6/28/58 7,796.SO5792 Lunskey, Nellics C. .. ...Nighting:ile ....2 K-1-10 6/28/58 2,~265.OS97*13 Martin, Myrtle A......Schurz High .......36-3-1( 7/ 7/58 3,089.52!1794 Martin. Valenci:l W. ...1•'orestville ........3.1 -5-(H 6/28/58 2,795.288105 MCC:i},r, Aliii:it,.......Bucilong ...........36-3-1( 6/28/58 3,211.08!1740 MCC:111. Agnes C. ......Ifisteur ............43-2-0( 6/28/58 3.973.809741 MeCI:inalkul,,Jam(.·34 F..54*:K-:ird ,...........33-·2-0{ 7/ 3/54 2,640.769217 Mellugh, Ch:rir,vieve . ..'I':il<·ott 6/28/58 3,036.365744 Mellon..Julin K. .......L:, „c, '1'c,ch. High...:12-4-0< 6/28/58 2,934.24(.1840 MAls, Myrtle M........AKissiz ............33-6-0( 6/28/58 0999.76Murray, Anna C. ......Gret·ne 6/28/5 8 3,.,, 3.8048·/1 Nuity, LaVet·ne II. ....Harton .......·····32-9-1( 6/28/58 2.595.8497·19 O'Hare, Russc:11 J. .....Tiowen High .......29-0-(C 6/28/5 S 2,520.0097!)7 O'Neill. -Winifred ......Grrene ....~.*.....42-7-0{ 6/28/58 '1,855.00f;!)36 Owens. Bentrice F..... Prirker High ....... 86-6-0< 6/28/58 3,389.6198·12 Quinn, ATae Fi:inces ...Carpenter .........31-0-1( 6/28/58 2.463.60!18·13 Reed, Florence M......Te:ty .,.....········<5-5-1( 6/28/58 3,296.64:1428 Richard>i, Adelyn J. ...Sub,titute .........22-8-1( 7/ 1/68 1,432.329758 Rickhoff ('.h;zi·leslI. ...Crane Trch. liigh....15-2-(H 6/28/58 4.133.0.1 ~7950 Rut)0, Enid G. ..Stewart 6/24/58 3,OSI.·18!15;00 ~:lrisone, Amerigo R:..Kelly Irigh -.....28-1-1( 8/I}2/PS 2,469.814759 Schinicl, Crcili:l NT...... fhal:e:peare .......44-8-0( 6/*8/.,8 .093.419:16·1 Schultz, Olive F....... Brgiciwr'll ..........32-6-(IC 6/28/58 823.129845 Kickenheiger, Laura ..I,:ike Vic,w High....41-6-0( G/2 S/5S 3,832.2097 1; 5 Solem, Earl TV.........Au,;tin High ..... .36-2-1( 6/28/58 131.889847 Stoner,Mildred AT. .....1Iydr Park High....27-5-Of 7/20/58 ,630.08!)768 Sweet, N:zorni .......· .1,·Ike view High ...·10-9-nr 6/28/58 ,770.169K07 Tut·1,·v. Myrtl 9. IV. ....Clinic,Ii ..····---···~8-7-Or 6/BS/58 ,575.5251%09 ITtter, Ir:,zi·1 XT. .\von,Inle . ::2-()-1( 6/28/58 ,927.01'Ixls V:irr:Lveto, M:11·ie......Trift High ,........39-0-Of 6/28/58 .079.68
MC
; M
IS
M:JI
!1*12 Ward, Florene,? N..,.· 1; 11 ,·1),rnk '7 -'1-1 f 6/20/59 3.509.0.198 13 W,4,1), turil,· 11........Christoph,·1· .. .- .·12-':-(11- 6/28/5 X msN.12!)815 W(!Ht. A Illoinette ...···1,1, 11"T'nt• 6/28/58 2,·150.76-4-1( 3,455.886379 Wr·st, II:ii·riette D. ... -(;r"irm.r ···· 6/28/58PR1S White, Ruthri M:ly .... 1''enger High .......·10-%-or 6/28/58 3,761.40'Sl!) IVic!€311. Xilldri·,1 V. .... . it:~i,irt·ri· ..., ..... .25-9-11 6/28/58 2,354.649020 Willis. Ainv (;ertrilile . .Amerienniz:,tion .. .21-1-1 f 7/ 1/58 1,681.329821 Kimmer, Dorothv I.I.., H:, milton ··········40-7-0< 6/28/58 3,7,52.52
}Iff ff:inihWirt;C'Li~yete, f..: 28;lt:Ar.I.IML,·-x:ESr: GRABS 3,279.00
6/28/58 3.210.729A24 Zyihorik. Ed,vnrcl J..... Forem:in Hi;411 .....37-6-1(' 6/28/58 3,482.529K2G Zi('glschmid. Mathilde .Senn I-fiirh ········22-6-1( GRABS 2,095.089795 MeKennan, I-Irlen N. T-3 art on ...10-0-of 6/24/58 3,074.00
Con rlertioll of n ri' 1'*·1-Ri,),111-4 P"ils;i„,1 j„r c: atirrit·,n·, in he <imoinit of 88,078.00 1.rlirizi·, Mra. Arrifrilix<In'R retirt:)il{'11£ 1,rnsinn (,f 8.1.671.'10 l'fr lic(tr 1,·aR reduced to the)·fitc A11014:11 ubor·c.)
r..~
Sri,t,·1111,(·1- 19 125 1958
Pensions ( c ·(ilitintled )
Menilier9 Se]14)(,1 Service '1,~D Annualor irM. Date rei,Mion
Nii. Nirmr *f Mel,ilier Melliber'M St:1(UM 11(IN. 1)113·M 1.'runt li:/tr
Con:puisory Sen·ici. fli.:ire„wil[ Pc'rt:i,iris9686 Aiken, George J. ......1,indbloin HiTh ....35--1-00 6/28/GS
.
:1668 Albright, Ella S. ......c'li>:solil ......., .·15-0-13 6/28/58 4,1.L:.6.19GS7 Alger, 1·Illma K. ......1),·ver ..............12-7-10 6/28/58 :",t}:,3.96*:,82:; Andersen, A,rties ~:irie.Sullh·:111 1-Iigh ......·15-1)-1,8 6/26/56 4.1:;:;. U.1.9 S 31 Anclerson, Claia B. .... 1·:11#lewooci High ...16-6-13 6/25/58 4,1:&:1.04*9736 Anderson, Edn :1 1-1. .... Keith .. '"-6-10 6/2 8/5 6
6/26/SS 1,133.0 1*9691 Barker, Gladys I.......Stewart ...........·13-8-15 6/28/589772 Re:uner, Florence 11 ...X„rwooct Park ......11,-4-07 4,1,;3.0-1*9692 Berthlein, Ch:11·les F. ..I#'a:4111,unw Tr:ide ...1.1-9-00 6/28/58 4,124.289693 Bjot'veit, Ingaline 11. ..c ':ilhoun ........... 12-4-14) 7/29/58 .&'907. 1 19694 Blake, George W. ..... I.yon ...........,t-,-00 6/28/58 3,.;So.769697 Boyd, Edith ....... .. ..Caluniet I-Iigh . ... .0 - 8-10 6/28/58 .,Ill. &-9774 Browning, Mabel C. ....\lt,reld ............31-5-00 G/2 8/58 . 9.,: .)11.
9699 Butler, Gertrude K. .. .Sullivan Flem. .....·15-4-01 7/ 5/58 4,118.1641700 Chappel, Russell B..... Waller High .......36-7-00 6/25/68 :1.:,74.0.14702 Clearer, IMdia F. ......Water: .............10-5-00 6/28/53 :~,7:;4.76•9777 Conlon. Alice Q. ...... .Houth Shore I.Ii#rh...:U;-",-10 8/ 8/55 3,101.XS9703 Connolly, Marjoi·ie J. ..1,inciblom High ....·12-0-0(} 6/28/58 ::,S*,7.1,0.9701 Cronin, .Marl· E........TIclaren ...........·15-0-00 6/28/ES 4,133.0·1•SIOS Cross. Eathrn·n M. ....Burns ..............1.1-5-10 0/28/58 :1,365.0-1*9778 Cunniff, M:Ly A. .......Senn High ..........IS-4-10 6/28/58 4,133.04*9779 Dampier, Frances C....May ...............·13-9 -00 7/30/58 *i , ".'.). ' -9780 Davis, A. Raymond....Altgeld ............·10-7-00 6/28/58 3,1~)-.0-I --0 ...
no9781 D-urkin. Nellie R. ......1,oel:e ....... .38-0-10 7/22/58 ...'......9708 Fahy, levangeline H. ..I,awson .............1:,-8-00 7/ 2/58 4,026.849710 Falahey, Gladys .. ...1 'enn ......... ....1.1-7-10 6/28/58 4,110.!169785 Ford, Marv E. ........Kewrood ..........·16-0-00 6/28/58 4,133.04*9714 Guillard, Rutli R. .....Mower Toe. High....;9-6-10 G/2 S/5S FeMPE9787 Hanselman, Walter F. . Washburne Trade . .39-2-10 8/1,5/58 .&& ...a-'
9717 Ifarkes, Marie R. ......Hitch ..............32-0-00 6/2 8/5 8 2,9 8 2.189788 Marlin, Clare H. .,..... ilibbard ...........·10-9-10 s>19/Ss 3,774.GO9723 IIollowed, Josephine .. 1(16;rlewood High ...·18-6-00 6/28/58 1.:an·91*972·1 Hugli. Rose ...........Hyford ............43-2-00 6/28/5x .'./....9725 Hurney, Mary E. Ilixoll .............31-0-10 6/28/58 2,898.36.9726 I-Ilitchison. Alaude F. .. 3 <,ling .............,15-8-0.1 6/28/58 ·1,133.0·1.9728 Johnson, 1·'rances L. ...'1'111,·y IIb.rh .........1,1-9-10 6/2 8/5 S 4,128.729729 Kearns. Ottillia .......Calhoun ...........28-6-00 6/28//A 2,660.04•9730 Kelley. Margaret M. ... Pielcard ...........42-2-10 6/28/58 3, SS 9.68•9732 King, Myrtle R........ Havt ..............4:;-5-00 6/2 S/5S 3.990.00•9735 Kripner, Joseph .......Parkside ..........·10-8-00 6/28/58 8,761.40.8666 Kuobler, Elizabeth ... A'hut·z High .......36-4-00 6/28/58 2,520.00*8G1S Kuphne, Sophia M. ....('hierigo Voe. I-Iitrh...42-9-00 6/28/58 ·, 00- 99*
9739 Manson, Barbara J...,. Urest Pillm:in .....·13-8-00 6/28/SS 3,9SO.·10.9742 McDonagh, Marie A.,..Phillips High ......:14-2-00 6/28/58 3 177 10*9838 McHugh, Stella c):i kland 6/23/58 1.133.04•9743 McNerny Agnes M. ....Shakespeare ... ..·16-:;-05 6/28/58 1·13~]·Rl:9745 Michelson, Ann D .....Nash ..............·17-9-00 6/28/58 */AX:97·16 Mitchell, Corn D,.,....Stewart ..... . 33-0-009747 Moore, Kathleen M. ...Peterson ......... .·15-0-00 8508/58 1,TAK:619786 Moran, Marie F. ......,Calhoun ...........42-1-10 6/28/58 3,Sso.S(/•9750 Olsen, I,nwronce E. .,,.Wilson Ji·. Col. .45-0-00 6/28/54 4.133.049 751 01 son, 1·:11011 M. ..~,~. . (-' ll i c:Lgo '1'i>:2. (N,1. ... 4 4 - 1 - 00 6/23/5 8 4,053.·189752 O'Malloy, Anna J. .....ron Humholcit .....4,1-8-00 6/28/58 4.115.409798 Plagge, Margareth S, ..!*'~rrisworth ,.......28-5-10 8/22/5 8 3,562.209753 Plate, Nellie V. Henry ............. 44-0-00 6/28/58 .1,f)·14.GO•975·1 Quant, Ttor E, ........1':11#:|*i,vor,cl IIirrli . .·12-2-00 6/28/5 8 3,885.2.1975; Itand:111, 1:(lia M. ...,. 1''er,wor High . 37-0-00 6/28/58 9,-125.049756 Relchow, Hetty R. ....Hart ......... ~·16-0-00 6/28/68 4.13':.01•9%·11 Relk, Agnes A.........ilowland ..........30-6-00 7/ 1/58 2,s·17.00*~~ Richards, Christine ,..( ;reelrv ........ ... .13-9-00 6/28/58 4,035.72*
Roller, IIermnn D. ....'Wilson .Tr. Col. .....·1·1-0-00 8/15/58 4,0,14.609801 Stitterfield, Charles D...Herin Irigh ........,45-5-00 6/28/58 4,133.04•9760 Schodtler, Alma B.....tilial(ling Elrm. ....38-7-00 6/28/68 3,550.209761 Schuessler, William ...>'ltllivan Hinh ......:IS-0-00 6/28/58 3,513.40*9762 Schwartz, Gortrticle ,..r°zing · ··· ·········44-5-00 6/28/58 4,088.88*9763 Sheflleld, Elizabeth L,,.Kozminski .........32-6-00 6/28/58 3,035.52•!)802 Smart, Ruth AL .......Fenger· Hisrh .......39-8-10 6/28/58 3,670.90*476,1 Smith, Cora L. ....... .Itintrman ..........36-3-00 6/28/58 3,363.00.9803 Socha, Josephine M, ...nfrclen .............42-0-00 8/19/58 3,867.609804 Sol way. Florence .. ,,.IIibbrircl ...........46-0-00 6/28/58 4,133.04*9766 St:ingeland, Ella R. .,,Arondale ..........48-·1-05 6/28/59 4,133.00*!iS4G Stark, Roinhold M. ....7'ziler IIigh ........35-9-10 6/29/589767 Strawe, Walter V. 1.nwell ............41-4-10 6/28/58 Sti:2"4*84R9 Thomnson, Fred E. ....TVolls High ......,.43-9-10 6/28/AS 3,956.52*
September 19 326 1958
Pensions (,·,intintted )
Mciialier'+ Seh,in] Service To Annualor lrM. 11:ite 1. e n M 10 nTo. Naine (if Meinlier ~bleill|Der'M Nt:,(11,4 M „M. 1)ZIA-M 1''ri,]11 Rate
Compulsory Serrier Retirement ici , sions (,· on / 1 imed )9805 Timnle, Trictor F. ......'1'ild,·n To,·11. IIi,-11...11-4-00 -/lf/:-S 3.811.149,806 Trone, Dolly G. ....... Kn;riewoi,d ihwh' ...:3-8-10 6/28/58 ;.63:1.00•4 SOS Urquhart. Mary S......In Salle ...........46-5-00 7/ !)/58 4,125.7297G9 Vlay:lk, 1-Iedvic A. .... 1.:ik,· Vien- 1Ii:'h..,.36-*-10 6/2,/58 3,.111.72
Voysmeyer Sophia L... r:ind,·1·i„,el .....:;7-0-00 6/2 8/5 S 3,125.01~10 T':indsburg'or, Jariles ...#'all,·r IIisrh .......22-0-00 6/20/58 2,080.80901 1 Walsh, Katherine 13...14·irce .....,...,....16-2-15 6/28/58 4,129.OSI54,1!1 Watson, Chartes S. .... Hyd,· 1':11'k High ...·10-4-00 7/ 1/58 3,725.SS•Dsll WA·i,man, May ........I·,ki:rlew„„,1 Hi:.rli ....13-1-12 6/28/58 1,123.04•9811; Whelan, Francis A. ... 1':liker Hix·11 ......,,,,4 -1(; 6/20.'58 ::,1::7.23•9822 Wood, Lenore ....····c '':ine .Ir. Ci,1. ......:17-0-00 6/28/ 3% 3,·125.0.14$25 7,·man, Josephine K. ..U-hitriey ...........·15-0-00 6/28/5 4 4,133.049 S]7 Whe!:in, Mwrv C. ......IV,·ntworth ...,....33-7-00 6/28/58 2,!}7:;.00.
(On election 4,1 (1 i ·Cre ,-Nic) 11 (11·!, 11( 21 >tion jin· a tilti ·lir (n·, in the autorint «f 8900 . 00 per1/ e ,Ii -, .lrr.9 . 11 -helim ' q ,· ctirem ,·; it licizvion of 83 . 1 .; 2 . 96 pe )- w ·( 7 · 1 ,· a .9 ,-cdtic · cd to the rateshor,·n above.)* Emcritua traclicr retired after ,·c - cnilitul,nknt (, 11 a trmt)(irant ba .qiN .
Di£(tbility Retirement Prnsi(msD-·17- Kardas, Christ ......Chicago Voc. High..2.1-6-00 1~/11/~§ 1,899.3 GD-·179 Mitchell, Edith L. ...Yrites ..............3.1-1-00 0/1·11.)0 2,648.40
idoic·S' P,ingic„b;
WT-33 Flynn, Loretta A. .21-8-00 8/ 9/58 7GS.GO(IVid<)21·.5 Francis W. 1·'1!Inil, tect,·]Ir-)
WT-82 Given, Ada M. ......................15-0-00 6/21/58 357.GO(Widow of Nnbrrt F. Girrn, teacher)
W'l'-34 Harris, Harriet R.·················· ·3'1-1-00 7/29/58 1,100.76(Wi(10111 01 1'}lilip Jiwris. 1(whi.,9
WA-20 Sc.hrieys],·1·, C;,·rti·11(le 1". ............ . .30-0-10 6/22/58 1,101.60(11'id,ne ,if (7:,st„t, 1 '. Xehice.981,·r. 1, ri,·li , ,·11„·,~ sion,·19
Rrrersionary PensionRolf)7 Ackr·rrn:inn, .\11,ert. T. ...................45-0-00 6/ 6/58 480.00
(ReucrRionartl beneticiant of I·:15)·irde M. Arl:ermann, te.fiellcri)cnsioner, retired6/25/55 Wi ,-ciltic:('d pcn„ion 05 $ 1,518.14 bil elet:tion, clitlly lited.)
S,imniary 0/ Pensions GrantedOptional Frrvice retir,·ment lic·nsions..........87ComT}ill HOry 44:1'riCe ret irement pensions.......87DiS.lbility retirement Densions ................ 2Trid.Ivs' pen1:eversion:try pension ......
On motion by Mrs. Johnsen, seconded by Mrs. Light, the recommendation ofthe committee was approved and the service and disability retirement pen-sions, and widows' and reversionary pensions, listed above, were granted bythe following roll-call vote:
Ayes-Mr. Petrie, Mrs. Johnsen, Mr. Meierdierks, Miss Taggart, Dr. Lally,Mr. Whiston, Mrs. Light-7. Nays-None.
September 19 327 1958
Appointment of PhysiciansApplications for disability pensions were submitted with the recommendationthat physicians be al,pointed for the examination of the applicants.
On motion by by I\Irs. Johnsen, seconded by I\Irs. Light, the appointment of thephysicians, listed below, was authorized.
J. E. Stanton, M.D., 2376 E. ilst St., Chicago, Ill.Edwin S. Sinaiko, 1\I.D., 104 S. Michigan Ave; Chicago, Ill.Duane W. Propst, M.D., 30 N. Michigan Ave., Chicago, Ill.
To examine: Frances Nelson, Stevenson School
E. White Patton, M.D.,403 Doctor's Bldg., Chattanooga, Tenn.Harry S. Anderson, M.D., 108 Meclical Arts Bldg., Chattatiooga, Tenn.William Buttram, .Jr., M.D., 108 Modical Arts Bldg., Chattallooga, Tenn.
To examine: Beatrice I-I. Quinn, Ray School
J. J. Toth, M.D., Chebanse, Ill.Duane W. Propst, M.D.,30 Michigan Ave., Chicago, Ill.Edwin S. Sinaiko, M.D., 104 S. Michigan Ave., Chicago, Ill.
To examine: William N. Trimble, Feriger High School
Cancellation of PensionsThe Committee on Annuities and Credentials reported that the following pen-sioners have been re-employed as teachers by the Chicago Board of Education.Therefore, pursuant to the law, the committee recommended that the pensionsof the persons, hereinafter listed, be c:incelled as of the efrective date ofre-employmerit.
14:nmi, 7'31)3 of 1{:it r., f D-Bl'rit:i„,i 1... liMi«~11 Re-emt,4,yed
---
B:inni: 1, 1·, 121:th L), Service 52,6113.0.1 9/1/68C;,izman, Aimust.l L. Service 2,280.24 9/1/58Reitistrin. lierm:in . , St·rvice 1,*;(;(;.68 9/1/58Uriberts, Louise A. S'·rvice 9/1/58'11.28Ho110, Marie ,...., 54'1'Vi Ce XXO.OS 9/1/58Weissmiller, Janet . . Service 2.:H;3.16 '9/1/as
On motion by Mrs. Johnsen, seconded by Mrs. I.ight, and by the following roll-call vote, pensions for the persons listed above were ordered cancelled on thedates indicated.
Ayes-Mr. Petrie, Mrs. Johnson, Dr, Lally, Mr. Meierdierks, Miss Taggart,Mr. Whiston, Mrs. Light-7. Nays-None.
SCI'tcint,cr 19 328 195S
Outside Time and Military ServiceThe Committee on Annuities and Credentials reported that afliclarits. or otherevidence, attesting to or certifying ( 1) service in the public schools of theseveral states or in schools operated by or under the auspices of the UnitedStates outside of the City of Chicago; (2) time spent in the military serviceof the United States during the pension period; (3) employment as a civilservice librarian in the Chicago Public Schools or the City of Chicago; and(4) employment by the Chicago Board of Education as a school clerk arehereby presented for the persons hereinafter listed with the recommendationthat they be approved; provided that in the case of outside teaching· serviceno more than 10 years be credited and also that the last three-fifths of the Iminimum term of service for which an annuity is granted shall be in the publicschools of the city.
Service Service CreclitiX11 1,14· or ?blrinher %4·11„,DI ( I)(.Mi·ritition) C YrM. Mov. Dily,0
'reaching Serric,· in Piii,lic Sch{)(Ils cir Under Ai:spires of the U.S.Iii,·gc·, Mildred V. ....·······Stil}stitute......... "pac· i ng . 2-1-001;1·,idburn. IVestey F. ... ·····Substitute ....... . ...."enc· 1 n#4 . 1-0-001':clwal·(13. Je:inne O. ..... -linfrlewood High . .'ear i ng 2-0-00Farnsley, Frank T....······Substitute ........ *,·:1(· 1 1,#r .. 6-0-00Felix, Jacqueline Y. ..... ..Shepard ............. -AN , ng . 4-8-00Gleim, Sophia C. .Substitute ........ i·:ic i ng .. 8-0-00Ht«:sel, Holga ........· ...1'ula.ski ..............,28(n nA 3-1-00Kontnv. Anint ..Chic·ago Voc. High... "e:wi mr .. 0-1-00. 0-9-02Ma>=:111:in. Ile!·nice G. 1:i,ig .. .............. ."c,tic· 1 11;r .. 2-0-00ik,clj,·sk:L. Cathrrine E.....·· lif·liciricks......... , '€':1(· 1 WAr 7-0-00Schmid, Enid E........ - . 54'11,stitittp ...... ' 'ene 1 11;r 3-0-00A'tz,·1·, !Cst,·110 12 ...... · · · · ·FP'ng,·r· Iligh ...... "ime 1 rig ... 1-0-008/n ith, Betty L. ..,..........Shoot, ............ "1·:ic 1 ng 2-4-00i nderwood, Lempi J..... ...Mul,Hlitizte ,·ne 1 "1 .10-0-00
Military Serric,· „f tiw Uniti,(l States1:111·li,ri. Hai·old .....· .......Sill):titute ......-. --.Military 2-0-10Htint, ]Clgin F. ..... .,.....Iril:on Jr. Col. .......Military 0-9-05McCann, Edward P .......Parmit:11 .............Milit:iry 1-2-1011„4·hle, Henry E. ..··· .... ..f,indblorn High ....... M.ilitary 1-0-00
Employment in Other Chico;Zo Gi,re,·,Iniental Units
BristoW, C)livia ······ Forest,·tHe ......- ... I,ibl·al·ian ... 0-3-00Hurke, Anna V..... . Senn High ....... ..4,410„1 Clerk 0-9-10Fitz,rerald. Ann C. . Luell:i (11,01 Clerk 2-1-10Gleim, Sophin C.... .Substitlite ......~.~...Schnol Clerk 1-5-00Ozng, Gerri·zide S. . .Gregory ..Belmol Clerk 1-6-00k icize, Margaret M. WY:hburni· Trade ....Mchool Cli·)·1~ .1-1-05
On motion by Mrs. Johnsen, seconded by Mrs. Light, the outside time andmilitary service for the persons listed were approved hy the following roll.call vote:
Ayes-Mi: Petrie, Mrs. Tohnsen, Mr. Meierclierks, Miss Taggart, Dr. Lally.Mr. Whiston, Mrs. Light-7. Nays-None.
Srptenil.·r 19 329 1958
Revision of Outside Time CreditsThe Committee on Annuities and Credentials reported that the total validatedoutside teaching service exceeded two-fifths of the total time considered inthe computation of a service retirement pension for Adelyn J. Richards. Inaccordance with the requirements of the pension law, the committee recom-mended that Mrs. Richards' outside time credits be reduced from 10 yearsto 9 years 1 month and 7 days, that contributions therefor be adjusted andthat the records of the Fund be changed accordingly.
On motion by Mrs. Johnson, seconded by i#Irs. Light, the recommendations ofthe committee were approved and the above-described revision of outside timecredits was authorized by the following roll-call vote:
Ayes-Mr. Petrie, Mrs, Johnsen, Dr. Lally, Mr. Meierclierks, Miss Taggart,Mr. Whiston, Mrs. Light-7. Nays-None.
ADJOURNMENT
On motion by Mrs. Light, seeonded by I\Iiss Taggart, the meeting adjournedto meet at the call of the Secretary.
Recording Secretary.
October 3 331 1958
REPORT OF THE PROCEEDINGS
OF THE
Board of TrusteesOF THE
Public School Teachers' Pension andRetirement Fund of Chica€yo5
Adjourned Meeting-Official ReportFriday, October 3, 1958
An adjourned meeting of the Board of Trustees of the Public School Teachers'Pension and Retirement Fund of Chicago was held Friday, October 3, 1958.The President, Mr. Petrie, called tile meeting to order at 4:00 P.AL
ROLL CALLMembers Present: Mr. Petrie, Mrs. Johnsen, Dr. Lally, Mrs. Light, Mr.Meierdierks, Mr. Pasnick, Mr. Whiston, Miss Taggart-8.Member Absent: Mr. Caples-1. Alt,·. Cavics' a fisc ni·C leas due to the ncce,In'tv ofbein/7 out Of CMCago on 1,1,8111£88.)
October 3 332 1958
MISCELLANEOUS BUSINESS
Appointment of Members of Canvassing Board
By-law 7, section 5, of the Board of Ti·ustees provides that the trustees shallchoose by lot thi·ec niembers of the canvassing board from judges of electionin each even-numbered clistrict of the Board of Eclzication, provided that suchjudges shall have indicated their willingness to serve in this capacity. Thetrustees also are required to fill vacancies for unexpired terms iii the samemanner. The following is a 1·eport of pei·sons so appointed:
N/m/ ,Ch,„,1 ])i.triet
Fur Tprm* iii 'i,rti Years Ending September 196012„:,LI·y 1/. (21/·/in//s..... ...Stone .................. ....NO.1-tarri,·t K. c,Li:........ ..I·'ield .................... ..No.hillian M. Norton. ..'1'111111),till ................ ..No.Thec,(toi·,· .1. L:li(·Z>-11:1~i. ..St,·inrnet; Iti;.h .........
C,
/1 -r *
('filetta li>·111(· ......... . i.""K ................. .. .No.V,·n,nica C. L.·nnon..... ..Hyford ....... .. No. 1M Acil·,·(1 1·'. Inity....,.. .. .74:nn,·s€)Ii . ... No. 613(·ltv A. Dll':i>:4. ...... .. Von Humboldt ........... . No.
Chase .............······ ..No. 6.J:, 114-·t '1'1'ull:ill .......... . ...II:Lrold K. S:£111'·1. ...... ..11:ir:hall High ............ ...No. SStanley J. Int):tt........ ..(;i·,Ellt .... ........···· ...NO. 8rinc.*·lit .T. Ival>411. .... .C'tilljolin .................. .. No. 8
...No. 10N(,1·I,i.·I·t A. Hocianick... ... Plamondon ............. .
.No. 10FI·:,111: Har.LI] ....... .. 12.,1-1·:imut ITizh ........ .No. 10Mildred P. Lind:ill,·r. ..ili·i·ne.... . No. 121.it:i M. Nor-:ik....,.. 1 Iolden Hr.-Kelly l·Ii}rh..|11(lit.h |C. S:11,(1,·I·>;011. ....(-;i·imes 13r.-Irale ........ AQ. i 2John M. Fewk,·s~ .Jr. .....H''adsworth ............. . . No. 1 41),m:ild 1'. llortimw . . . .Carnegic ................. .. No. 1.11•'1·:} ric·OK ],fic)11-\' ..... ...H:Ii·te .......·····.···· .,.No. 1.1()(I, Ma A. li,iu·:il·(1... . ..C;ill'·si'ir .... ...... ...No. 16Fred M. Many........ ··1':uker High ... . No. 16Mable N:imni Milan-~. ... ...1)1 xon . ..... .. No. 16Charle: r. 1-Invel'li..... ...Sutherland ...... . . No. 1 SMich:ip] Eloll........ -Mor;ran Park High... .. No. 18K:ithle,m C. Willi.ints. ..Cat·ver Elem. .......... . . . No. 1 S
To Fill 1'(trancies for Ti·rms of One Y,·cir Ending Septi·ml,er 1939
Ir'illi:irn Vogt . .Norwood Park . .. No. 1Helen F. 1)01,ovan...... .Sehn,dder ....... . . . NO..\Trn,· M. Hazard. . /Waters ....... .. .No.L,11141 C. Z.Lmh:1..... .Audubon . . No.Lr.,·11:li·d H. St,110,....· . „Foreman TIigh .. ... No. 5Ch,·ster TV. Hunter..... . .Spri!(lin;r High .. No. 9T 'illi:i m T. .T:i ine:i.. . . Hi i·nov .. ... ... No. 9k.ir·nu,n,1 1). 1.ituls,·.... ..C;-c)(1/ic·h ....... .... No. 9.Tohn I. Av:int. .Attucks . No. 111'11111 11. Blil, .
NO. 11TI:11·ti f:,1 ri ....... .... 72'.11
Nobe·l L. Broxton.... .. Keith .....Dc,nal,1 F. Kinib.,11. .Copernic·US .. .. ....N.. 12Willic·lmina- Sherherci .1)11*:ible High ..No. 12
... ~No. 15M:irion Dc,iningor ........Cook ......,... ..No. 15
Ii:ttli:Ii·ine C. 01·r..... No. 1 5.Ilina K. Mns,·". ........ . ho IVii·Arini:i M. 1\Te.·\leer. .....Ar:don P:,i·k .... ... No. 1 7
I '..M:,111·c·rri I'laill ... A/'. 1,
On motion by Dr. Lally, seconded by Mi·. Meierclierks. these appointmentswei·e api)roved unanimously and a report was ordered printed in the proceed-ings of this meeting.
October 3 333 1958
ADJOURNMENT
On motion by Mrs. Light, soconded by Mrs. Johnson, the meeting adjournedto meet at the call of the Secretary.
Recording Secretary.
November 21 335 1958
REPORT OF THE PROCEEDINGS
OF THE
Board of Trustees
OF THE
Public School Teachers' Pension andRetirement Fund of Chicago
Regular Meeting-Official Report
Friday, November 21, 1958
A regular meeting of the Board of Trustees of the Pul,lic· School Trachers'Pension and Retirement Fund of Chicago was held Friday, November 21. 1958.
The President, 1\Ir. Petrie, called the meeting to order at 2:00 P.M.
ROLL CALLMeniliers present: Mi·. Petrie, Miss ~\Tevey, 11 r. 1Ieierdierks, 1\Iiss Taggart,I),·. Lally, Airs. Light-6.
1Iembers absent : Mr. Whiston, 11 r. Murray, M r. Caples-3.(Al,xen(·4· fif X! r. t'citili·x „·il: ilifi' 1„ thi· nerrssit 1/ (,1 lici}1,1 01{t UJ Chi,·uf/(, On 1,11.illeMR ¢111,1. th ·. . 1 / Un ·au '.4 (Iliscner 1 /. ff .: ' llic bi n /11 ·crifil{: <' O~pimilmcnt . j
APPROVAL OF MINUTESOn motion by Mrs. Light, seconcled by I)r. I.ally, the minutes of the regularmeetitiff of September 19, 1,958 and adjourned meeting of October 3, 1958 wereapproved as printed.
November 21 336 1958
REPORT OF THE RECORDING SECRETARYElection of Trustees
The Recording Secretary, Mrs. Light, presented the reports of the CanvassingBoard on the certification and election of candidates for the oflices of trusteeand a communication from the Secretary of the Board of Education regardingthe election of lh·. Thomas .I. Murray. They are as follows:
Curtification of Candidatrs by thi· (,an ,·ashii BriardThe f '{1 )11 (IN . int; lic,ar, 1 1 -CI }(irtx thilt wi (, t ' li ,|*,· r 15 . 1 ,).;.1 , p ,· fition ,¢ .for tbi · .fi , 2 /„ i ,· iii ,/t·andicicit('M ji, 1· trit:~tti· 41 tlic Public Xe.h(,01 '1 , (i ,·itc i·,:' icn,tion (ind Retii·, m , itt i·'unt!Of Chic:,1 ,10 1,·i .· rr Nilinined in ( wr ,ir, 141) 11 ·c icith the 11 ,·r, ,· i .gion of bu - la 10 7 , 4 ,· i · tion S .Efich pctition Ir,Ix .i!/11(·,1 1,11 11*, ic·.8 th,in tirt nt,1-Iii·i' contribittw-x. 11·41# fil,·d tenfi,11'R lirf¢,1-; f 11" I'li ctil,n i,n <)1't„Ii,·r 2 5. 195:. 11,1,1 ¢ .t·,·,·11 ti·(I for }u, mfn·(· th,In4.4 Ian,Ii,Ititr.Therclore, the chclirinun (ind Kccret€Irit of thia lic,(11·(l (:Ci·tin, to the rceording Recre-tin'll rd Ill,· m,in·,1 „f Truiter. thit: the f¢,11(,1,-int; m·,·vi,„. cn·c ,·ii titird to lic i·(111(li,1(lti'8f„ r the OBircs fil tri, Ht ¢' c 01 the Pul, lic Xclitifil '1'carli , 1 ·4 P,·„ sion and UctircmcntFlin,1 01 (:hicagfi j,n· the trr„IR in(Ii,·(iti:(1. '1'lic!/ cits„ regin·Ht thclt the 1 (imt'H 01c.,indiciatca entitled to be 1)1(tcrd on the 1,(111„tx Rhall hr i-ntated .0 that rach ninne811(111 uptic,ir in cu<·11 1,BRifirrn. .0 im· fla 11,188ilile, 0,1 (In efit:(11 nitinber Of ball¢)t8.
Nominated for 3-Year TermR
FLORENCE CONERTYWILLIAM I. HARBERMABEL S. JOHNSENMARGARET E. McVEYGEORGE O. MEIERDIERKS
(Sioned) BETTY A. DU PASS, Sec'11. (Sioned) LEONARD H. SOLLO, Chairman
Statement by Canrassing Board of Votes ancl Ballots Cast1"otc.q Ca.qt for .1-1-car Tering
FLORENCE CONERTY ..... 3,600WILLIAM I. HARBER.......... 4,016MABEL S. JOHNSEN...... 5,967MARGARET E. McVEY. . .. . . . 6,611GEORGE O. MEIERDIERKS... 6,589
VALN) BALLOTS 131,663 SPOILED BALLOTS 597 TOTAL B.lf,i.01'A 15,260
X7'.·17'1, 012 ILLI.VO/·9 1 xCor-X'/T 0/·' 0001;, i
Thr 11,1¢le'l·Rif/,t¢'(1 ('hain„„it und Xi'i'r¢'tin·,1 „f flt,· ¢'11„raMMi,1,1 Bi,(11·,1. M¢'1(<1('ir i,1 thr11,1,1,1,9 13·(,Vill,·11 1,9 flic· 1{,1.1.itic> id thi' Hinin| id 7'1·11Hle¢R fit 'l'he 1'141)lit Ki·11¢ir)1'1'('wheri Prnltion Ind Urtil·,·wrnt Fund ¢11 ('lii('(i,in. 111·Un·HIY ('ENTIFY tlitit flicf..14'fifil }1,1 ix ,1 1,·ur (in.1 .w'i¢',·t Mt.[14· Inri,t ..f f lic 1·.,t f'R ,·fiHt for ('ft.·11 ..111.lidittr forthe ciffi,·r fil Truxt,·c cit tlic' Eli'li(in held i,1 f'*„·11 Nelti,(01 crnil iii ri!(·11 1)(illinfli,Ince inellic'1 !1(' Oil Orbiber 2.1, 19 sk , n,1 „f (ill the 1,4111 „ta rer¢'irrd find ;(int<IRRed (lt Anid1·.1,·f'ticin,(iM (Ilip<'(1 ,·R J,·cim th c' „f-tic·i,11 ('(}11)~t (ind ,·(111 1·(IRM O f thr nit f It at Raid 1·'lertic,it,'IN ,1 thitt ,( 11 ·11 ' ifthr f,111 , 11 ' ill !; i ·,Ill ,livicltr'M ri , i ·(· in·,1 , 1 1 , 1 ,11 ·filif ti i ,f till rotrg ,· ri .qt for h Mr< Rlift ·firr 1 , 0 .'lition and i.q ilri ·lii ,·rd to be di, lit fit' i ·trd tn, Rfrr f„ i · the. trim indi,· cited :
/7, 41'' f~ir3-Yrin· '1'*·rinR
MARGARET E. McVEyGEORGE O. MEIERDIERKS
tl)1(lri· 11<inda tltie 2 ',th dctv of October, A. n. 1 1,58,(Ninnril ) B ]·.'1 ' TY . 1 . r) U p .-1 N.", .9 / f..,/. ( Sic/ ned ) 1 . 1 '0 1 :, RI) 7/, Rf )/, 1.0 , Chilirm il ,1
Noven,1.:· 21 1958
/1 Commicilication frc,m thi, Serretary of thi· linard 0/ I'.(lucation
/50.4/m 01·' 1.'/IL-('.17'/()\Cit!/ of Chiritu,J
-1/ig: /·.N· cti/n .0'/i,imm/. /.'.ri·, titire Xcc·rcturt/ Xorember 13. 1958Publie School '1'citchet·M i 'r:,Rion and 1:2'ti,·cment 12 11 11,1226 X . Lax , 1 /? c Street . Chirt:00 1 . illinnix
Dwi· .lti,g Shomn,/.·
At the mertilin oj tlic' 8 (# al '(Z o.f l .'<11{,·,iti<, 1 , m·Id -forrmbe,· 12 . 1958 . Mr. '1 'hom,IR J .Mitri·(t?# le{18 eletted to scrre (ta u membe,· of the linctrti 01 '1'r~181((8 01 the Publicxehnol 'I'rilt·lin·>C I'rilii(m (Ind Retirement Flintl for a term of 11£0 lit'firs Cfrectivefic o.f .Vfil·Cm "ci·, 1:1.; .f.
Xin CerCO/ wil~ /' N , ( Allined ) II. H . Burk . Sce ,·etarti .
On niotion by I\Ii·K. Light, seconded hy Mr. Meierdierks, the reports of the can-vassing board and the communication from the Secretary of the Board ofEducation were accepted and ordered printed in the proceedings of this meet-ing; the (locuments pettaillimr thereto were ordered filed ; and a letter wasordered sent to Mr. Raymond W. Pasnick expressing the trustees' appreciationof his contribution and service to the Fund and to its participants during theterm of his ollice. This niotion was approved unanimously.
REPORT OF COMMITTEE ON FINANCE
Reimbursement of Contingent AccountThe Committee on Finance reported that receipted bills, cancelled checks, bankstatements, and other supporting documents covering expenditures for theperiod from Septeinhel· 11, 1958 through November 5, 1958, inclusive, andtotaling $1,231.30 were audited.
The committee found that expenditures had been made properly and reconi-mended that this account be reimbursed in the aforesaid amount.
BillsThe following bills were 1)resented with the recommendation that they beapproved and paid.
Alln,4 StitionerN:9/30/58 O filee .111) plies ... $ iS.06
10/:' 1/68 Ollice Nzipplit':. . . 84.56 5 1 32.61
14. ir. lioehia, C_„„,ti:„,I :10/30/5% Mimeog·raph sul)plie~ ... 2-1.22
Comptometer Cirtinrallin:JO/13/68 Repair of Comptometer.. 6. ;rl
C'(,1,11 11(·iatial I·:11 i ,•1(,pr ('orimrliticiti:9/26/;S 51,[100 window ,·nvelopes......... 403.79
C'open,«. Corporntion:10/16/SS Sw it)lie,4 for Phntocopying ninchine... 8.95
Cummilaw.-Chic,1840 ('crp.:9/15/63 Signiture dies 9:4.60
November 21 338 1958
Bills ( f ""11 !ttifit j
11:iye.%, Atillivtic·:11 >H'ri·ice. 1,14·.:9/26/SS Teachers' contribution cr,·,lit.: 1,1·1:„aril of
to E.,Ilic·:ition ...................... .. .. 1,12.TO11/ 4/SS Actil.11·1:,1 :ind )11:Nt·.ince >t.,lisi„·I. ,.. ...,.... ;Ki;.All
9,·Elsion payroll c.hange: 1-„1· Het,t,·t,il,·r. Cic·tol,er. ·IT.2-,Oilice adllini:-tration M..10Election ,·xpense ....... 175.th) 1.721.75
'1'Iii· 11:14·y ('¢i.:9/29/SS Microlilming of retiorts (,11 te:u·h,·1·>:' e,Inti·il,ilti,in
credits for the y,·;tl· end,·,1 0/M!/51;.. ....... 172.77
Interirational liuMi]Ir.M .111,chilic·* ('(,11,4,·illicrn:
10/ 2/58 3 card form eompositions.....,to 30,000 statistical Cards (=.I ]1551). .12.::()
10/16/SS 2,000 card cheeks (=.711.-,5.6 ) ... .. . 7.77 ]85.07
MeCormlek :ind lienderM(,it, In,·.4/ 1/:S Printed forms and supplic·.4.. ............. - 1; ·' 7 (1
t (, iC|*·(·tion :upldies ..... ............. ..10/25/58 1.000 1,·tilint of 71;,i· 12. 14-5, bulletin.,.....,..... 10.01)
25,000 Oc'tober 10, 1'),SS bulletin (Priciting, 1,1;,iliilg,postage) ................. 702.52
25,000 October 17, 1958 1,111|,·tin (|'1·intinir. mailing,tiost:ime) ................. . ... . 1.%AI
1,000 manual of information..... 947.50Report of June proceedinK s.... ..........~...*.. ,,ov..,019,500 summ:iry sheets trimmed..... ............ 52.00 1.:111.SS
linnili,li,]i ll«,x .f I,:aliel C o.:9/22/SS ·1:10 ballot boxes............. 4:;.86
Remin;:((itt Riand:8/26/54 Maintenance for :lclcling m:lehin (3 yi·:11·K,
6/25/58 - 6/25/61) ........ ...... 71,72'1'he Al:Ilic]:iril Regbder Cum]Inni :
D/17/5% 6,000 im·owe tax forms (51044). 3S.s4
Phy.vic·i:,in*:9/27/SS Duan,· W. Propst, M.D., Ex:unin:ition of William X. Trimble 10.00
10/ .1/5X Duane W. I'l·olist, ~I.D.. 1:xamillatioll .f 1·'1·:11}cos Nelson.... 10.0010/17/55 Charles ]3. Congdon,M.D., Examin:,tic,11 „f M:il·yM. Claus,,. 25.001(1/2/'/5.\ H:irry 54. Andrrscin. M.D.. 1':x:illiill:ition <,f Heatlic·,· 11. Qtlinn 25.0010/20/5% Edwin S. Sin:jiko, M.D.. I•.X:11}lination of William N. Trinible 25.0010/28/5X Edwin S. Sin:liko, M,D., |Examin:ition of l•'mIl(·rs Nelson. . . 25.00
S 7.388_,_05
On motion by Miss Taggart, seconded by Mr. Meierdierks, the foregoing re-ports and recommend:itions of the committee were approved. Reimbursementof the contingent account and payment of bills, listed above, were authorizedby the following roll-call vote :
Aves-Mr. petrie, D,·. I.ally, Mr. lieierclierl:s, Miss T:iggart, 1Iiss MeVer,Mis. Light-(5. Nays-Nonr.
Refunds and Death BenefitsThe Committee on Finance reported that documents pertaming to claims forrefunds and death benefits for persons listed herewith were examined andverifie(1. Evidence from Board of Education records shows that applicationsfor refunds on account off separation from service were. m:1(le hy persons 110longer employed as members of the teaching force. C.laims for refuncbs ofcontributions ancl for benefits payable cm cirath of teachers and pensioners
J
November 21 339 1938
Refunds and Death Benefts (eontintled)
were determined after certifying dates of death and establishing proper evi-dence for each boneficiary, administrator or executor. Other refunds aredue to contributions iii excess of the statutory requirements or to errors indeductions. The committee recommended, therefore, that refunds and deathbenefits he granted for persons listed herewith in the amounts specified.itefund„ 1,/e ILrMigit:ilion „f lic•irtiltirb 1·:litail„j·c.,1 -114.:Ii:,cr~:
...................... 1,1·M21*1.00
lireslin, D'retic·rick D........ . ........... ..... 1.211.1.1Ducht·ntin, Mich:wh·en ............. .............. ·17>;.60Chroman, 1·:le,11101· l; 1·,·B:01·>· ..... .. .. ....... 127.50Close, Joy,·: 11. ............ ....... .......... S.;7.37
......... . 57:1.(,01-)ev.111., Al.11·gal·et A. H. ....... ............ 4,1.LOO1·'etwira. Silvio .. ............ 960.2.1Fie:·m:in, ll:il·ily,1
2.1,4,
Swn.50Fox, Ch:irlotte .... 562.TOGluser, Gerlrude S. .. ... ...Goldstein, II:irriot M. . .. ....... . 57100Grren, Roliert:, 1'...... ... .. ..........,. 771·10}Inrri:, El:,ine Jacobs....... .. ......... 2/mI-Inrtigan, I:in Burris........ ... ....... 327.><41-lit:ch, C.lmrity 1:11111.. ........ ,. ....... 249.()11Holz!11:in. Ethel K....... .... .. ............. . ·18 1.6,)Johnson, Althea M. 11 ........ .........,...... 1,·176.2.1JohnMon, ]Cleanol· 0..Kuhn, Lenore . 516.00Eastni:in, Vania Y.. .....,. .... ... 1,686.:mKe,irtior, Mary Jr:Ni.. ... .... ....... . 50·1.00Knwnick, Cecile C. ... .......... 705.61)Lath:on, Shirley M. ... .... ,..... . SE:;.501.:lw:(,11. .To:Ell Beth.. .... ......... Xis. 1/11.nofhu,i·nugh. Lon·nine .......... .. ... .. . 810.00M:irtz. A lict·.L ......... ·· . 72.1.50
·· . ;SS.(10M<·C:the, Cutherine K. .. .. . 557.25Mill:Iiall. Lili,111 .T.·.... ..... .. .. . . 1 4,7 00
11(,scato, Jolin A.Murphy, N:incy K............ ... ~........... 69::.00Natranium. Mdne S. . .. 5·19.60Nayder, Aileen 11. ... ... .. ... 51:1.00Newman. 1':inlint· ... .. ....... .... 610.50Noskin, Sh:irictic, C..... 529.50Peterson, Lm·Inine C. . 1 ., I. i .,Pieiffer·, Gooi·;re A. ...... . ... ... 1,63·1.0,;Phoenix, Judith B. ... TYS.25Place,y, 11:,i·v·uciritr Joan . .. .....,., 1,187.00Ptinzo, Nelia M...... .. ... ... .. ...... 372.00
389.50Rapoport. Miriam .. 400.50Mirh,ards, leigene J. ...... ..... .... 711.23Rn:(·. Donald M.Schor,<·11, Margaint . 70.00St:tr><11:tic, Harbnm.. ... 750.67Stern. Enfrone D. . .....,......,. .. ...... tini;.64Strock, Rom M. .. 491.*2Sllit". iii•Irn A. ....... ....
I ' . 2!):&.SN.. 551.25Hw:inson, Mary 'I'. ....
An·ren,·y, Rita Q. ..~~~ ~~~ .... ~S;. 10···· 9.1.50I'lligkv. Motb' .......... ., . .... .Kn:/007'I-ler, Givendolyn 710.25\-ickman, Lucille R. ...., ........................ 977.,1:1Wilxon, Ruth H. ... .. ....... 53,1.00
Yozirifr, Alliert:, AT. 915.307.h·in, Marilynn . 249.00 51520.13110'und+ 2,/c· Kclinrjitici, fri,ill 54(·ri ke of Sillimtifilicor '1'(·mp(,1·111·14· 1·.,Ii,il„yed ir:wherM:
33,75Allen, 11:,1-gurritr V. .....,.. .. ............111,1,·1·son, Gary Robert . ....... ············ 45.00An']rew.. Sh,·ila Hetty........... 1 OK. 00Anton, Ger:Ililine M. ...... 225.00
November 21 340 1958
Refunds and Death Benefits (continucd)Refundy n/c Sepnration from Service of Stil,Mtituteor Tenlporiarily 1 ·Niatil (,) ed '1 'enelier ,~ : (continurd )
lilutil, ]I„,r·:ud 1 '.. ..... . 127.5(11 5. '' 1
Hot·son, Gloria . 244.1,11Brown. Frie(la .
Burzon, Ellen ....... ····· 127..31'Chrisos, Ann I. 52..15Clai·ton, Vet·:dee E. :12.(10Cook, Gayle T. lj.0.25Cz.:trnecki, l'In:,1,1 F. ...· 1 K:.16I)onovan, .To}m L. .....······ 2,2.66Dorf, Barlizit·:i.. 60."0Driscoll. .Tenn M. ·········· .,1.,/0"Drobney, Chester .L ........}'.i.Menli-:illt. Albert ····· 16.00Ellen, Joan 11 ......········ 12.()()Ellintt. M:il·,-(·1111·· 1' .1*,5.A(,
210.75Fitzg,·I·:ild, Annf· Marie.French, Clyde IL ....····· 741.67Fujill:tra, Lillian Y. 2 7.0,)Gall:igher, Gretchen ...... 51.00Gedwill, Isabell n. ······· 1 53.6/1Gervais, Rose 71:,1·g:tret... 166.00(;in"ST"'ill, Sh:11(111 G. ..... 719.10Goshorn, Dawn F. St.I.251-lechler, William D., .Tr. 90.00Henchey, Alyce M. .......... 36.00Hooker, Mary Jo..... ·· ······ 11·1.0()Jedlirk, Willinni .Tames. 64 3.17Johnson, Vernon A . 60.00Johnson, Vernoy A. 12.62Kirk~ M:irsr.Lret M. ...... 672.00Kirkland, Doris 381.00Klei#, Carol J. Poosch....... 51.00Krue.Aer, Marv M. ..··· 121.50Krugler, 71:Lrgat·,·t Growe..Larson. Dent(,11 ]C. ······ -Leelerr, Grace I. ·· ·· ··· 12.66Leon, Phyllis ...·· ··· ·· ::X.26M:, 1·tin, John B. ::67.56Mill,·1·, -W:liT,·n C. ········ 625.48Nal<arinlrit, Sugumil ··· :: fiS. 90X„·1, Ele:inot· S.....· lt;11.50Ninvs„nie, John M. ····-
1 R 1,«1 0300.00
Orr, Harrison G. .. ·····Otacuro, H,len T.········ 121.5 0Parnzibek, Florencr· M. 192.00P:1111, Leslic., Rol)<,i·t ··· 31.RSRricly, John P. -··········· 1 SO.00Rielly, Elizaboth I-lowns ... 2,10.noRodonkirch, An:unae ..··· TEN„g'Roliter, Frank ..·········· 213]06Rosenberger, Margaret · 9():1.q.1Ross, Cornelius A······Snha, Glenn E · 1 SO.0 0Schechtman, dilhert .····· 49 9.78Schi·r,iner. Vii·Irinia L. ···· .144 00Schultz, Marion D. ········ 2·10.00Selfrert, Royal, Jr. 90:1.94Sered, Ellen . 84.00Singer, Ron,11,1 J. · . 127.52Skolnlk, Nntalip . 36.00St.ovall, Clandyne ······· 295.50
570.75Strawlirid:re, Carol D.Stzihing, Ann . 342.00
603.75Switzer, Fern N. ··· 21·1.35Taylor, Mary Jo .Thurman, Betty . 723.00Towne, Eileen M. ....·· 39.25Tguchlya. Keykn ········''' 231.00Tuomey, Janet M. 12.75
D G. floVasilomilos, Helen .······Vidnver, Deanne ········· 12~EWriehdoi·f, Henry F 132.00TVrintrailb, Joanne ·······Wellwarth, george E. ····· 2.13.20Wieland, Maurice Ann.······ 270.82Zillits, Geraldine .········- 120.00 20,783.56
/
November 21 341 1958
Refunds and Death Benefits (colitii,tic,i)Retundi or Xectlit,111:,ted ('„Iltrili,Ition* Arn Denth:
Imik ,·, Knth : trine M . ( 1 ' lam: . 1 . littrk,·, 1 , i il ·) . 1 . 626 . 11 \Grah . in , Cas >. in F . ( litli -mirct Gl ·uliti ¥ n 1 .,1 ),11„' i · t . 11 , il ,-
Bri'[ rl /) ... I . I . ..... I . . 0 . I . ... I . I 1 , 053 . 071I · Ing : y . Catherille H . (Grume L. H (ttlt · l;. beneficittl·11 ).....
1 : innard , Marit ' 11 . (Lcomird G . Hwn*mhwU#WrN) ... 107 . 87 *Lockett . I ·Inz ,· 1 ( lut : 1.. 11 U : oii . hi · i ,·) . 2 : 67 . 11 ( 17101·:rn, Mal,ul M. (.lfnx. .lf. 1-..lforali, .lit,ri,-1 .1/. (>1/1;1/1 41,1'l „ ,1.1,3 4-1/i·.4..lf. 8. I'l-,1,11·, 6,·11,/icia;·i,·,r) ,..Ni #rhlitig·. ile . 11 , 11 - 1 : 11 ,· l IC . ( Dontild A ,· t } u 1- liciht in ,5 ,11, 4
4,459.60thipId I } orothi· V . UN ·„, 7/ e f '. /'/tivp , ben ' ThiUrp ).··· · 4 , 116 . 16]:•„·:,·. Lula (·/,/1/ce .·1. •KimN Lineohi atid .·111,1,(it L. Nim··:
Irrifiht. bendic'iaric,q) 4,231.25Spi · ight . Ethel M . ( Mcibel l'hillips . benflic · int ·? 1 ) .. I 4 ,. 2 : i . 45T,irichell. 1\Label T. ((; 1·(1(·c ./.lri,ic·litil, I/ch·1 7'. 11-wt<,11
mid John D . 11 'exton . benctiria ,·irR ) ........... .... I 1 , 4 13 . 23 33 , 170 . 14
..tii,litifailf
Single I»:i 1 1:,rist lienellt on Detatit „f '1'elic·herv:1;w·ke, Katharine M. (1·'raizA· d, Burke, lic'i,·) 2,500.00Gr:ill:im, Cassin F. (.lfai·uni·et G,·alirim Lcimbert, bric
Briurv) 500.00Moran , Mabel M. ( Mr >. M . V . M ,~ran , Muriel M . Otti , rn and.Unx. .lf. 11. 1''rank, bc,trilcifirics) 2,500.onNightingrale, Margaret E. (Domi?d .·li·No,· Nightingah·,
benell clarit) 2,500.00Phipps, Dorothy V. (Gcolve (7. /,liiv;,8. brne//c·ia,·i/)..... 2.500.00It ,? ose , Lula (.foUre .1. SimB Lim ·01 ,1 frnd Allynia L . Sm .i
11"right. bcne,lciaric#) .. 2,500.00Speight, Ethel M. C.lfi,)01 1'/1,?li;,8, bencticia,7/) 2.500.00Winchell, Mabel T. ((7,-acc ./. 11'int·1, i.N, IIci,·n T. 11 ,·gton
and Jolin D . Weaton , beneficial·leR ) ....... I . I 2 , 500 . 00 18 . 000 . 00
*litgle l'ny]11(·lit Ilenellt on Ile:,th „f 'I'eitelier-I'e ,1,41 „nerM:C:, sner , Sidney (Evelint W . Canter. benctiricir!#) . 500 . 00French , Frank J . ((; i·(icc K . F ,·I'lirli , bcneficiarv ) . 500 . 00Galligan, Anna }C. (Loretto Ii'. (;aN i in; 71. brize/lcia 1-1/) .... 500.00Glic · kinfin , Colin (/ton · 1,71 <ima,· 11 and licttit Lott Kfit .beneticiaries) ...... 500.00Hagey, Catherine B . (Gco ,·fle L . Martel/, bcnellci(11 -10 ····· 500 . 00Kinnard , Marie H . (Leonard G . Hampton , bcneficiart/) 500 . OnStack, "William E. (Kath,·1/n Stai·k, benctic·im·.1/) 500.00 3.500.00
Itefund of ('<intrili,11 1„114 for Mer,-ice in 1.CXCeMN of ·15 Ye„rMIn the Anic),Int API~lic:11)le n,4 an OfrMet to the Denciency fi)rfervic·,· I'rior to July 1031 :
I.:trson, Elsio R 970.50 970.50
ilefii,ads 11/4, Dupliciation,4 or Errorw in polinion1),•duction 4 hy the nonri] of Ectileation:
Donnelly. Janies J. .....,~~,~..,.... .. 12.75nouks:i, !,ziddli,
15.944 1 6.80
Keefe, John T................-~..~..... ·· 2.00Smith, Florence C. ·· 169.19
$116,Alt.12
On motion by Miss Taggart, seconded by Mr. Meierdierks, the foregoing re.ports and recommendations of the committee were approved. Expendituresfor the payment of refunds and death benefits were authorized and confirmedfor each account shown above by the following roll-call vote:
Ayes-Mi·. Petrie, Miss MeVey, Mr. Meierdierks, Miss Taggart, Dr. Lally,Mrs. Light-6. Nays-None.
November 21 342 1938
Duplicate WarrantThe Committee on Finance reported that the person named below 1·equesteda duplicate warrant in lieu of the followi ng cle:cribed check which was re-ceived and lost. An aflidavit certifying this 10:s and inclemnifyin:r the Fundagainst any liability, damage or expenze which may result by reason ofissuing ,such duplicate warrant was (lilly file(1. Therefore, the committeerecommended that a warrant be issued to the person nanied hcdow iii theamount indicated.
Lewis, K:itherine L,,,...... $Sl.91 ;33;14 7/31/5X P,·11:inri PaymentOn motion by Miss Taggart, seconded by )Ir. Meierdierks, the recolilinencla-tion of the committee was approved and the warrant was ordered drawn bythe following roll-call vote:Ayes-M r. Petrie, Dr. Lally, Miss MeVey, Mi·. Meierclierks, Miss Taggart,Mrs. Light»-6. Nays-None.
Purchase of Bonds ConfirmedIn accordance with the advice of Standard & Poor's Corporation, investmentcounsel, and in a mail vote prior to the date of this meeting, the Committeeon Finance reported that the following securities were approved on the yieldbasis noted plus accrued interest. The committee recommended that thepurchase of these securitieB be confirmed and that the bonds be registered inthe name of the Fund.
Amwmt 1 )(· A ,· ritifi , in cif 1 ;, 1 , 1 ,14 D : tte Dnle of 'ro(]':ir Vialtir) ; :rnic· lif Firm IMitied M nt,irity Yield-
Public Utilities5200,000 Iowa Public S,·1·vice Company 3/1/58 3/1/SS 4.58(,;1 H 96 First Mortgru-re Bondss
Nalmn'in li,-i'...i· 11"tir'r200.000 I-ong Island Lighting ,;9;1 % Fit·st 12/1/51 12/1/76 4.51%Mortsritgr, n,ind:
8(11(imfoz Bros. d Hutzler200, 0 ( 1 (1 Miwi . Rim , i 14 ,\2 ·,· r & |, i : rht (' 0111 ]): iny 4 / 1 / 55 4 / 1 / SS 4 . 55 ' 61 1,5 :: First 3Iin·t;rage kinds
Nalomon Hi'o.9.,6 /Jut:/f:,·200,000 Natzit·al Gas Pilieline Compan>· of 11/1/58 11/1/78 4.68f:America ·192; First Mortz,l;re 13(inds
Natan/ Xtuart 4 ('0.; Dillon Nerd Co. 01)(Zint,Ar 11 7'cflicr Co. : fi lort: Forgn)t <[ CO.(b,11(11„"111 't (' in : jifilt ,}n}·t{'11 4< Cf). : St tin i4( 11'i·Ii.it,·i· ,xer·uritic:u (tor/).
200,000 1 "·law,·irc I)~H·,?1· ir- Li;:}11 Conin:iny 6/1/58 6/1/88 4.20(,1,3 Tfi 7 T"i i·.t :ind C.(111:itin·:11 1.;(,11(1 KM(11„mon B,·08. S iftlt:ler
Inclustrial Cori)orationslim,00() General Foods Cor 1,(,1':it inn 38.69, 7/1/51 7/1/76 1.00.:Mebentures
Actl,)mon ]11·oR. ,(· illtt-.1,·r
On motion In· Miss Taggart, seconded by Mr. Meierclierks, the :thove trans-actioiis wei·e al,pi·ove·cl azicl cotifii·rned hy the following roll-call vote:Aves-JIi'. Petrie, Miss MeVey, Dr. Lally, Mr. Meier,lierks. Miss Taggart,Mrs. Ijght-6. Nays-None.
J
1458Xm·unber 21 ,.
REPORT OF COMMITTEE ON ANNUITIESAND CREDENTIALS
PensionsThe Conunittee on Alli juities and (-'redential: reporled that applications forpensions were presented for persolis, heremaiter listed. with the recommenda-tion that the liens:ions be approved and granted in the amounts and underthe conditions set forth herewith. In the ense of each aplilic:int for serviceretirement pension, the employment of tlie tonchur had terminated ofFicially,the log:illy prescribed minimum ye:irs of teaching serrice were complpted, andrequirements with respect to age (if apl,licable) were fulfilled. Each ap-plicant for wi(low's pension furnished proper evidence of her rights to receivesuch pension,
M ,· i„lirt·*% 5,~e]1~),il Meri ice T. 1 111111. 1Or Yry. Ilitte 1...in.ion
VIrm; (ir Member Me,jilier'N Slitill. ~COM. ll):13-4 1.r,in: 1<.i«·
Optional Serrier Retirement Pf,"Si „ fix4051 ArtinErstall, Gladys G...Gale ..........,...23-6-00 1(1'15/58 51,525.56906:5 Blyth, Mildred M. . na:re 1'71·k ]Cleni.... MS-6-00 10/ 1/58 2.559.OK!ih52 Byer:itt, Gern·tide K. ..B·an}:111 ...........26-8-00 9/ 1/55 2.215.809$53 C:irroll, Eileen K .Hibbard ... .......:H)-S-BO 6/28/58 3,672.8.1!1+66 Conley, 31:11·g·.iret E. ...JI,K:Ir .....,.,....26-6-10 10/2.:/SS 2.2'15.8-19$54 Connelly, JI:Lrion C. . .Gr,·o- ......... ... 28-7-10 9/ 1/58 -." .......,9567 Cortland. Mildred . r.ibl,1- .... ........ '26-2-00 10/25/5 X 2."44.72S 3 :IS Ferrell. raill ..,... 1,:rn,·7'··,·h. Hirrh...37-7-00 6/28/58 2..1 16. SxPX,55 II:·tri·er, lk:itrice P. h .23-4-10 10/22/58 1.71::.72
9/27/58 ;.187."8:NA 8 1~7,~~i;~~~.u,VA,IJ.1,9,)·¥:. -1.Ntii~(I ..,1-:2~Iifc111(.· 8igl.,- ~9-0,)*~B 9/ 1/58 2.4716.15869 AT:icKenzir·, Grace I-I....Kilmer ............30-2-00 10/18/58 2,1-1:;.804+70 Mi·Namar:1. M:11·Ir:n·,·t n.>hllistittlte .........13-2-10 7/ 1/58 4:; 4.2(k9S71 Moon, Edna K. ..~ Nonsevelt Hkh ... 00 '1/2 6/5 S :LBS:1.689~72 Nelson, Ada H..... . .. ...\mundson I-Iitrli .- .41-1-00 10/20/58 :;,S::5.68fiS73 Nowman, Ch:irlott,· II...>:p:dding High .....43-2-10 11/ 1/58 4.011.12~859 O'Donnell, 7T·un· F .,..lrt. Vernon ........21-1-10 6/2S/58 1,991.049860 Quirk, Mari(,11 V... ..Imit,· 'rech. thlh....·11-1-10 5/17/58 :.7.1.6,;9 S 71 Schiltz. Mal·ir D.......Talcou.....41-7-00 5/27/58 3,792.124SG1 Sh:lrov:i. Mal·>· r.,.....1'„rt:,tre Park ......:it;-S-11) 8/28/58 M, 324.2.15SG2 ric·tor, Lillian I-I.......Trumbull .... ......31-1-00 6/25/58 2,%82.049<41 VO·st,·n·,·lt. Margal·et..Graham ...........28-4-00 9/24/58 2,312.04
Chimptilson· Scrricc Retirement "nXi "nx
9850 .\11,achini·:i, Cr•i)11:li·r, .. \,15:tin Ill;:h . . .29-0-1,0 8/ :5/68 2,493.209%56 .1,)11(35. XT:iry Letitia....1.:111,· 7'rch. High....16-7-08 4/2 K /68 -1.1:;:2.141*947 T,:al,e, Ill:/11(·11,·L. 14) 111; 1 il :~ . · . · - · ~~ ~I 'll HM (;/28 /58 ::,fint. f)·1*St;67 1.11.(,11. 11.1Kle Ii.........\101·ir:111 1':,ik JIiuh...1.-·1-1., 6/2 8/58 4,1:i::.,14.9S5x I.,·vin, 71·,111,1,7 1,. . \",1/:/ . .2'1-5-10 6/28/SS ...."
....Tul,·y Hilih .........11-8-1,1 6/25/68 .1.1114.14*5,172 c),ft,·1.h'14,11, 1:liz.,Il,'th.Park,·r IC]rm. .......1,1-5-00 6/25/58 7.32:'.20.9875 Ii-:il>h. c':ith,·1'iit, 14....I,11,1,>· ........,....·15-7-1') 7/ 1/58 1 1:i:i.(jil:,ht; 71:,tl.:, 1·~th,·l ('. ......!Iyde l':irk lIi;rh. .-~5-1-05 6/28/58 4,1:N:; i'.1.01·. Mci · itils h ·(1 (' lic')· retired ( t f ttl · re -(}}1111 (jtfilli nf wl il t { mi), 11 ·(tr~/ haxix .
Wi,lows' PensionsIX'.1-22 Frelic·11, Giacc. W. ..............·········26-5-10 6/:u)/68 11:':'nA( 13 ir/(, 1 ,· (C Frank . 1 . I·' rclic }t , i~ <' njinni ' r )WT-35 Prer), Adria Mearie.. ........ ... .26-9-00 9/1,1/58 1,007.0.1( 11 ' idoli, of ..Vorman I '' trfirlier )iren.WA-22 St:wk. K.,thrrn . ......·10-0-00 4/24/58 1.41,<).f,4(,l id.w of William 1·.'. Shirl,. 1,4·nsionci·)
November 21 344 1958
Pensions f ,· Ii,iti '//tril )
Summary 24 PI , i , Ni „, 2 . Granted01)tional 3,·t·vice retirement pension.,4..... 22Compul>401·r- H,·!vi,·,· I·f·iii·,qn,·111 1),·risionS...... 1,-Widows' pr·nsions ......
On motion by Mr. Meierdierks. seconded hy Dr. Lally, the recommendationof the committee was approved and the service retirement and widows' pen-sions, listed above, were granted by the following roll-call vote:
Ayes-Mr. Petrie, Dr. Lally, Miss MeT'ey. Mr. Meierdierks, Miss Taggart,Airs. Light-6. Nays-None.
Cancellation of PensionsTile Committee on Annuities and Credentials reported that the followingservice retirement pensioners have been re-employed as teachers by the Chi-cago Board of Education. It reported also that Mrs. Eleanor M. Gallagher, adisability retirement pensioner, has been re-employed as a teacher in anotherschool syRtem. Therefore, pursuant to the law, the committee recommendedthat the pensions of the persons, hereinafter listed, be cancelled as of theeffective dates of re-employment.
'1'ytie i} f Ilate of Dn teNnme 1,4.ziNion Pen M [on Re-employed
Gallagher, Eleanor M. Disability 5 350.40 9/ 1/58Grossenbacher, Helene C. Service 923.04 9/15/581/:t Key. Gec,rk, L. 54,·rvice 2,,S26.2 1 9/1 6/58
On motion by Mr, Meierclierks, seconcled by Dr. Lally, and by the followingroll-call vote, pensions for the persons listed above were ordered cancelled ontthe dates indicated.Aves--Mr, Petrie, Miss M<Vey, Dr. Lally, Mr. Meierdierks, Miss Taggart,:\Irs. Light-6, Nays-None.
Outside Time and Military ServiceThe Committee on Annuities and Credentials 1·eported that amdavits, or otherevidence, attesting to or certifying (1) service in the public schools of theseveral states or in schools operated by or under the auspices of the UnitedStates outside of the CitY of Chicago; (2) tilne spent in the military serviceof the United States during the pension period; (3) service as a playgroundor recreational instructor for the City of Chicago or the Chicago Park District;and (4) employment by the Chicago Board of Education as a school clerk arehereby presented for the persons hereinafter listed with the recommendationthat they be approved; provided that in the case of outside teaching serviceno more than 10 years be credited and also that the last three-fifths of theminimum term of service for which an annuity is granted shall 1)e in the publicschools of the city.
Norcint.r 21 :43 ]958
Outside Time and Military Service ( i ·ontinticd)
Keri ice Service Cred/tvinnie cif Mi,mlier <'Ill'.'1 (l),•Acription) (Yr,4. 716™. DnyM)
Traching Serrice iii Pril,lic Schools or Under Ait:piers of the U.S.Ashland. Emelyne 1. .Menn Hah ......... .-Ik:.·hmg .. 1-0-001 1211:0, Beulah M. 1.:11:0 Vi,·w IIi:rh. re:lellitur . 1-4-10Fenn. Albert E. ... .... .'raft High .......... .T,uphini: ... :;-0-00
.•'hic•:U.ro V„,·. Hk·h. Trachine "-0-10MeN:lmarn. Marie A. 4.n·t ...., ... .'i'e:ll'hiiitr 0-2-13
.Stilistitilte ..... ... .Te:uchinG . . 5-0-00Panfll, IL·11,3 . II:irrison ITich .Tea,·hing n-·1-00P:infil, .T:inier S. .......... .>41,1,stititte ..... .. .'1~,·:whillir ..... 1-5-00Sinsrfeldt. Eunice G. ...Nixon ........... .../re:whing 1-0-00Splkings. Stewart R. ,Stritimetz Hich ,.. 'P,viching . 1-1-18
Military Serrice of tlic• Unit,·,1 State:Smith. I'lwood T-I. ...........Cal„met I-Til-11 ....... .Milit:,1·y 2-2-00
Employment in (}ther Chicago Gorerirmcntal UnitsFitzgerald. Margaret G......1-)elano . ....,*.,.., .54,·hool Clerk ......... 2-2-11Santoro, Nancy . ............Pln,·ground ........ .1...rention.-11 Instr. 2-7-00
On motion by Mr. Meierdierks, seconded by Dr. I.ally. the outside time andmilitary service for the persons listed were approved by the following roll-call vote:
Ayes-Mr. Petrie, Miss MeVey, Mr. Meierdierks, Miss Taggart, Dr. Lally,Mrs. Light-6. Nays-None.
MISCELLANEOUS BUSINESS
Reorganization of the Board of Trustees
A motion was made by Miss T:urgart, seconded by Miss Mul'ex, that the incizin-bent officers and chairmen of committee: be retained in theil· present positionsand that Miss Margal·et E. Mc·Ver he elected ch:iii·m:iii of the Committee onAnnuities and Creclentials. This motion was al)proved hy the following roll-call vote:
Ayes-Mr. Potrie, Dr. Lally. Miss McTrey, Mr. Meierclierks, Miss Taggart,Mrs, T,ight-6. Nays-None.
ADJOURNMENT
On motion by Miss Taggart, the meeting adjourned to meet at the call ofthe Seci·etary.
Recording Secretary.
1 ) ccemticr 2 347 19 : M
REPORT OF THE PROCEEDINGS
OF THE
Board of TrusteesOF THE
Public School Teachers' Pension andRetirement Fund of Chicago
Adjourned Meeting-Official Report
Tuesday, December 2, 1958
An adjourned meeting of the Board of Trustees of the Public School Teachers'Pension and Retirement Fund of Chic:lgo was held Tuesday, 1)ec·eniber 2, 1 !158,
The President, Mr. Petrie, called the meeting to order at 4:00 P.M.
ROLL CALLMeniher: present: Mr. Petrie, Dr. 1.ally, Miss Mel'ey, liiMs Taggart, liT.Meierclierks, Mr. Mui·ray, Mr. Whiston, Mrs. Light-8.
Member :il ): ent : 11 r . ('. 11 ) les- 1 . f .11 ; . C , 12, 1 , 4 ' til, xen ,· 0 11 , 18 duc to the iket:i ' Yxity ( dbri,if; fittt ril ('hic ( mo on 1, 1 , x in r :..)
December 2 3.48 1958
REPORT OF COMMITTEE ON FINANCE
Authorize Investment Counseling Service
After careful consideration of the scope of responsibility involved in thetrustees' administration of the Fund's statutory investment authority, theCommittee on Finance recommended that the yearly contract for investmentcounseling service be awarded the LaSalle National Bank. In accordancetherewith, the committee proposed (1) that the LaSalle National Bank'sservices to the Fund in this capacity begin on March 1, 1959; (2) that theBank's rate per year of 40¢ per Sl,000 principal value be approved; and(3) that payment therefor be made by the Fund semi-annually as of June 1and December 1,1959.
On motion by Miss Taggart, seconded by Mr. Meierdierks, and by the fol.lowing roll-call vote, the committee's proposals were approved and theexecutive secretary was authorized to proceed in accordance therewith:
Ayes-Mr. Petrie, Dr. Lally, Miss MeVey, Mr. Meierdierks, Miss Taggart,lit·. Murray, Mr. Whiston, Mrs. Light-8. Nays-None.
REPORT OF COMMITTEE ON FINANCE
Authorization for IBM Machine Rental
The Committee on Finance reported that in order to comply with a requestby the Treasurer and Comptroller of the City of Chicago for carei checks,it is necessary to use an IBM card punch machine. This machine is availableon a rental basis at the rate of $10.00 per month. Accordingly, the com-mittee recommended that the rental of this machine be authorized at therate stated.
On motion by Mr. Meierdierks, seconded by Miss MeVey, the recommendationof the committee was approved and the rental of this machine at the rate of510.00 per month was authorized by the following roll-call vote:
Ayes-Mr. Petrie, Dr. Lally, Miss MeVey, Mr. Meierdierks, Miss Taggart,Mr. Murray, Mr. Whiston. Mrs. Light-8. Nays-None.
ADJOURNMENTOn mc,lion by Dr. Lally, the meeting adjourned to meet at the call ofthe Secretary.
Recording Secretary.
Jaituary 16 349 1959
REPORT OF THE PROCEEDINGS
OF THE
Board of Trustees
OF THE
Public School Teachers' Pension andRetirement Fund of Chicago
Regular Meeting-Official Report
Friday, January 16, 1959
A regular meeting of the Board of Trustees of the Public School Teachers'Pension and Retirement Fund of Chicago was held Friday, January 16, 1959.
The President, Mr. Petrie, called the meeting to order at 2:00 P.M.
ROLL CALLMembers present: Mr. Petrie, Miss MeVey, Mr. Meierdierks, Miss Taggart,Dr. Lally, Mrs. Light-6.
Members absent: Mr. Whiston, Mr. Murray, Mr. Caples-3.(.1118£11(£8 Of Measrs. C(11)ZeR (i,id Mun-(11# liere (Ilic to tbc ncernity of being out of Chi,·(11/001& bUMinC88.)
APPROVAL OF MINUTESOn motion by Mrs. Light, seconded by Mr. Meierdierks, the minutes of theregular meeting of November 21, 1958 and adjourned meeting of December2, 1958 were approved as printed.
January 16 350 1959
REPORT OF FINANCIAL SECRETARYFinancial Statement
September 1, 1958 through December 31,1958
13;-IC<'1',lEN'I' ACCOINT
In,·ritmentM, Arptember 1, 19538 nt I'lir VithieBon(]9 of the United States and of the
State Of Illinois and itv .ubeliz·isions...., .531,777,217.51Corporate bonds ......................... . 13,890,000.00Chic:igo Board of Jeclucation (39
tax anticipation warrant. 100.00
Total ........ 5,15,667,3·17.54Add total invested... 2,·100,000.00Deduct bonds redeem ed. 1 SS,000.00
Inve,stmentpl, Deeember '11,11)5,9 :it I'nr V:,lueBonds of the United States and of tho
State of Illinois and its subdivisionv........ 31.598,2·17.54Corporate bonds . 16,28·1,000.00Chicago Board of E.elliention 6'5
tax anticipation w:11·1·anlM. .............. 100.00
TOT.AL INZY.>·r.\11.'NT>4, lif:(·F:AM:In 31, 1534. 190_9••04 ..,4t.4- eeo 9 1- r
RECEIP'l'K .,iI) I)IMBIRKEMICX'l'%
CaRh 11nhinre, Setile!,ilier 1, 1!)55;Cash-City Treasurer ....... .$ 135.2·12.16Cash-Contingent fund ..... 4,091.24 3 139,~1:13.10
REC KII»'1'MInve,dment Income
Int,·I·(st income, long-term Mi'c·lit·iti¢'S...... 426,254.42Interr·Ht income, tomi)01-air>· illv,·stint•Yits... 78,506.05 503,76·1.·17
liond,4 Redeemed nt I'nr i niue. 179,000.0()C·„rpornte nondM Cnlied f«,r INI> ment. 6,090.60U. S. Trei,Hury 111]IM Redec,med :it COMt. 1,292,957.8.1Income from Minte DiMtributlie Firnd. 341.374.97
Tax Co!!retion,4 nemilled to the Fund
1:5:5 2~ lift.and. prior. ...... ···· 15.13
1.175.72
Lery for 1951...,...········ ···- 149.·13Levy for 1955. ····· $0'574.40I.,·vy for 1 956 .... · · · · · · · · · · · · · · · · · ~1 L·121.57INry for 1957. 2,713,758.68 2,793,421.43
Contril'liti«inN by linrticili:Int. (Mitiziry 1)r(]11('tion,0It¢·Lrularly zippointi•(1 1 #,:1,·her,; ..... ·· · · ·· ·· ·· ·· 2.297,086.55SH/,Htit,/ti. or t€·mt,(,ra/ili' :11'1'('111ted 14':u'll,·rs. 266.~)25.75
O - r- 4. 1 - I(mice employees....... 2,209.22 ..:'.'....,-...-C:*MIa I'nymenh to Firm] hy P"rticitizili:M
Chirrign trnehing Kervii·r. .............. 85,330.16Other Chicago service ind out::,1,· tim, 11,!1!15.10Interevt ......... 6,228.87 10:1,55·1.13
Mi#¢rril:ineou,4Reimbursement for uneariled i,FnHic)11 I),lymi·nts- . . 12.00Hnel:limed refund cherks rancell"d................ 69.28I,nelairned pens:lon checks Cimc:elli'd 2.1 63.67 1.1 , 11.')*,
T<)TAI. RECHIPTs st.I"r, 1 'ritiur DEC. 31. 1 ')50...... $ 7,778,240.11
TOT.U. RECKII'TS .iND I.12(,INNIN(; It.ALXN<'12. 5 7.917.57181
January 16 3/1 1939
Financial Statement ( crintintted )
I)]A]il-/{>~1·:,/1·2)'1'>4Iteful,(1% of )le,nherm' 4 „Iitril,litic,i,M, dite to
12,·:ignation of regillarly :ippointed te,whers.......$ 117.266.82Withdraw,11 of vul,stitute 01· temporarilv appointed
106,916.5-115·tirement of unm:irrit·d mile trachen: (widow's
..... .. ... 1.2!)5.34Service in exci,5 01- 1.5 ye:u·s............. .... 3.902.5-1Excess (11(litetion: by Hout·d „f Ecitic':ltic, 11 . ....... 1.722.99 $ 231,12·1.23
I'vi,Nic)11 irild Hen<.lit 1.:1 bwc.lat.
Servic·e retil·ement .· .83.lifd/4/~l)isabilitl·....... .....'. '.. 8.4,17.2-1
lievel'Bionary ....... ····· . 2.·,1,7.2.1
3.1 1,7,909.4 1.\(ld Blue Proy:-Illue Shi,·Id
1)1'I'!l,illin. I):11(1 ..... ... 80.·161;.13
3.278,:;66.12Deduct Blul· Cro>;:-131 11,· Shield
prenninis withheld .... 80,425.AC) 3,197,!'·10.:12
Refi11111: of conti·il)litiolis............. 57,1!,5.51Hingle-sum benefits on (leath in st·i·vice 4401)0.00Single-xum benefits on death of
])(·nSIOIlet·S . . . 6,000.00 10:1,195.51 3,301.135.83
Ail !:31!liNtriath·r 1•,xprnirS:Llary expense:
..GZet :i,larie:+ paid........... ...... 2/:~t~,~~~~
)ntributions for pension.I lue Cross-lillie. Shield premium:
withheld .....··················· ~'0120Income tax willihi,ld. ... ···· 5.575.:1(j
33.330.4512211)loyer'S Sh,lce Blilt· Cros>; premillills 54.00 33,3 8 4.15
Professional vervices:.\Ct,1,11·ial-.1 . A. Irt·ining'K
(7/1-12/31/5 S) .. .. ... ........... 2.51)0.()('L,·Mal-Kirkland, Ellis. Modson,
Chaffetz & Masters (6/18-9/ts/58) 1.250.110Medical .. ....... ..... 200.00 3,950.00
Oflice facilitir.:Rent-4 months 1.745.401,:lectricity ..... 317.76Tr,lephozle ... · · · · 164.51 2,227.70
Tabithiting sen·ice:T,·achers' contrilitition credits 1,v
Hoard of liducation......... 3.721.26Artuari:11 :ind insurance statistic>:. 1 ;fil;.S;Pension parroll.····· ·········· 1.·146.12Oflici' 1,(11,1inistration ..........
175.!11, 6,910.83
0111,·r· exI){)1~94.:611.SSPOst„Re .... ..............~ 2,01,1.16
i'Ject,·ic: addinK inachine. ..., :17%.')11Alilintenance of ectilipment. ..., 107.:ITC:11'(i checks :ind envrlopes... 1,71,4.91Mic:rofilniinsr ··············· 172.77]Clection supplies ... ....... 43.AG11(,r)(1 and intel·< 4 collection. 37.75 5,140.70
Printing:(}tnce forms .ind supplies. 1,462.65Proceedings .....········ 831.90Bulletins ....············ 1,611.70Mnnilill of information...,. 257.50Elertion supplies ........ 1,11)9.12 5,395.87
January 16 352 1959
Financial StatementDISBURSEMICNTS (Continued)
Miscellaneous:Professional association expense....3 16.75Corn·ention expense ................ 76,;0Lrgi~lative ext}en.e .... ...........Hi.70Election expens.e .................. 86.52Trustees' exi,ense .....············· 131;.00 3 463.75 $ 57,·173.32
r. S. TrenMilry ilill,4 Pitreh[,Med :11 ('(,Mt . 1,739,757.20
Long-term Inve,¢tment,4Bonds purchased (par value). 2,·160.000.00Less discount ........········· 92.577.60
Purchase price . 2,307,·122.40Accrued interest pard. 16,·170.85 2,323,593.25
TOTAI, DISBURSEMENTS, SEPT. 1 THIH: DEC. 2,1,1 9.-,A.., $ 7,653,·113.83
CaMh Ilialance, December 81. 19554Cash-City Treasurer ......... 259.728.79Cash-Contingent fund ..... 4,431.19 $ 264,159.98
Respectfully submitted,
GEORGE O. MEIERDIERKS,Financial Secretary
On motion by Mr. Mdierdierks, seconded by Di·. Lally and by the followingroll-call vote, the four-month statement of the Financial Secretary for thePeriod from September 1, 1958 through December 31, 1958 was approved andordered printed in the proceedings of this meeting.
Ayes-Mr. Petrie, Dr. Lally, Miss MeVey, Mi·. Meierdierks, Miss Taggart,Mrs. Light-6. Nays-None.
REPORT OF COMMITTEE ON FINANCE
Reimbursement of Contingent Account
The Committee on Finance reported that receipted bills, cancelled checks, bankstatements, and other supporting documents covering expenditures for theperiod from Novernber 6, 1958 through January (i, 195{), inclusive, and totaling$609.28 were audited.
The committee found that expenditures had been made properly and recom-mended that this account be reimbursed in the aforesaid amount.
Tan~:at. 16 353 1959
BillsThe following bills were presented with the recommendation that they beapproved and paid.
Atin,; St:ationerN:11/28/58 Ofnce supplies ... ..$ 83.1212/31/58 Ofnce supplies ..... 39.61 $ 122.73
E. 11'. l)(,chm Compnny:12/ 9/58 Mimeograph supplies; . 47.551/ 5/59 Minieograpli supplies . 66.00 103.55
nox.eli & .Incob,4, Inc.:12/24/58 Reforendrini expense 600.00
Brndner Smith & Compnny:12/ 4/58 Mimeograph paper ........ 33.74
norroughM Cortiornticrn:12/ 1/58 Maintenance for microfilm viewer
(12/30/50-12/30/591 19.00Maintenance for adding machine
(12/30/53-12/30/59) .... 20.50 39.so1V. R. ndtram. Jr.. M.D.
11/ 5/58 Examination of Beatrice Quinn., 33.00
Colien.e Corporntion:11/10/58 Supplies; for Tihotoropyinsr machine. 43.8012/ 8/55 Supplies for photocopying machine. S.95 52.75
TIziyeR StntiN¢ir:,1 Service, Ine.:11/12/58 Actuarial and innil·nner statistics...........······ 1,302,2012/ 9/58 Pension Payroll chansres for November, December. 145.00 1.447.20
Internntion:11 11„Min«•MM M:arltineM Corporation:11/ 3/68 Transportation chni·ge on rard punch machine. 4.6512/ 1/58 Maintminnee for rlectrie typewriter
(1/1/59-12/31/59) 39.50 44.15Kirklnnd. F.111,4, H„,1„on. Clinfretz ,* VT:,MirrM:
12/18/58 Lecal sen·ices froni 9/18/58 to 12/18/58. 1,250.00
'I'hr Mni:nflir Comn:iny:12/16/5S 12 storage and filing races. 3.55
G. A. MM·on & Co.:1/16/59 Trisurance roverims Tvorkmen's Comprils.ition
and employer's liabMity.................··· 100.00
MrCormick nnd HenderMon, Ine.:11/ 4/58 Printed forms and supplies......... 490.6011/28/58 1,000 manzial of information. 278.5012/ 5/5* Report of Sentemhor proceedings. 830.2512/11/58 25,000 Derrinber 16. 1954 1,zillrtin
(Printing, mailing, postage). 732.15 2,731.50Mitrphy & Miller, Inc.:
12/22/58 Service on air conditionors. 8.40Pitnry-ll„,reM. Tne.:
12/ 5/58 PoRinge mrler rental 12/1/58 through 2/28/59.... ......... 36.00itrnal/,6/ Di //:ind:
12/ S/58 Maintenance on adding ninchine (12/5/54 In 12/5/59) 27.071.6233.44-
On motion by Miss Taggart, seconded by Miss MeVey, the foregoing reportsand recommendations of the committee were approved· Reimbursement of thecontingent account and payment of bills, listed above, were authorized bythe following roll-call vote:
Ayes-Mr. Petrie, Dr. Lally, Mr. Meierdierks, Miss Taggart, Miss McVey,Mrs. Light-6. Nays-None.
January ]6 334 1939
Refunds and Death BenefitsThe Committee on Finance reported that documents pertaining to claims forrefunds and death benefits for persons listed herewith were examined andverified. Evidence from Board of Education records shows that applicationsfor refunds on account of separation from service were made by persons nolonger employed as members of the teaching force. Applications for refundsof contributions for widows' pensions were made by male teachers who werenot entitled to such benefits at the time of retirement. Claims for refundsof contributions and for benefits payable on death of teachers and pensionerswere determined after certifying dates of death and establishing proper evi.denice for each beneficiary, administrator or executor. The committee rec.ommended, therefore, that refunds and death benefits be granted for personslisted herewith in the amounts specified.Itefund, 11/r lie,~ignnti„n of lt€·Arillitrly I:mp!„yed ,IrmlierM:
Adelln·rl, Arthur J. .5 11.2549.50
Antin, Clarice ..... ..... 2,087.24Ar:ivosis. Mary G. .. ..... ..... .... . 414.58Aspan, Marityn 704.75P,al:,ski,4. Annci .................. .............. 955.10
252.50884.25Enegor, Gl 990.50
Holton,Mary L. ...........................,... . 150.00Brewer, Jimmie 1-[,·len . 771.90lironiarezz·k, Itom· M:trie ..........., ..,.~.... . 945.00Cross. Patricia Ann ............................. . 198.00I)alton, Ethel Slinykin .................,.,..... . 568.70Davip, Harold . 819.36
97.86Durkin, Mary Dolot·eM ..... ...... ............ 781.30
2.199.·10Even, Mark·irit .~ ·· ···· ·· 1,88,2,5Garner, Marie F. 252.fiGGrant. Phyllis E. (9. ....... ... ......... ·176.00Hart·14. Marilyn K. .········· ·· ·········· · #35.37Hinvherrer. Heteri 1.K·13.15Horick. Barbarn A. 264.00lius.. Cathr·rim· T .... ·· ·· ......... . 603.35Kniman, Regina .... ··· ·· 249.00Kairys, Holen L. 139.05Kronrhorg,-·r, K:,thryn S. 1,8.15.AOKutchins. Ruth M.... ··········· 579.43I-:inge, Maxine I/orn ..... ..................... . 13'1.50LucaM, Sarah ~L ...················· ···········-·· 2,10 S.00Mamughlin. Arr],·th 1·10.00MrM:inus, 120>:em:in· T. .. ... .. 1.116.08MeNamara. C;(·Or;re ... .... 491.28Mentz. Madeline . 249.40Merkin, E. Api·illMever, Mona Jang 1,347.40Minkoff, 8:111(ira R.,. 331.SON,(]za, Atin Marie 1,322.80Orincer· .Tran .... ····· ····· ...........~ . 451.3:;Phillips. ]Cluine S. S 6.00Rei,18, Harl):ir·:1 M;, 1·k., nof..10Ho:*en, Sh€.1,1011 ...... ............. Gf)>0<>i
589.00Saposilik, I-Tai·ript H. .100/.7554:ty,ozniek, 1,livllist ...
8,·holtilric. MIT·i,IM D. ····· 576.751 22.00Spifor, nornlin· It.K 1 7.(10Sh:,hidinan, Mildred ·· ···· ··
Shapiro, Rachel D. ······ ······.'' .. -· ~~'~ ' 1.080.5,8Shauglinevsy, Mary Ann ....... ...... ... .~ :(11;.finSinls*, Rhoda Ann 1.729.20Stern, Rrigitte Spriser 191.00Strit.el, Arlvs J. ······· · 740.50Strock. Rose M. 1,50Swords, Barl):ira W ·· 50.00
62010Trinnier, 1-)elmt·:Ill .Vinront, Mar·il,n M. ... 4·iS.75
Volini. 11~!;irion Ketin,Nli- . ··· 123.00Ir'pin<trin, Marlene It. SG.M 539,201.35
Tatii:try· 16 85 1939
Refunds and Death Benefits (cont inued)Reftin,]M n/e Ketrnrlition from Meri·tee of Sul»¢tilitteor 'I'enu)(Ir:arity [Cli, 1,1(iyed 'I'entherM:
Alfred, Joan S. ............ .. $ 96.00.\ltosinu, Leroy ......... 5:12.56Andlit·son. („1·intle M. ..... 469.30Al·gil·is, ("11·014· .. . 792.On13.'irker, Fred M. ......... 55t.i.75Hell, .Ir:in I,(vilis,· ......... :S·1.(,0Henm·tt, IC{j\v:ll'(1 .I. ....... 208.70Bennett, Gr:we L. ...... 1 4 *;.9 5Bernbel·M, Maxynne G. .. 12.00Brennan, Julianne ....... 120.0()Carberry, Mary Alice . 501.00Century. .Ie:rl . 628.50
..... 328.11('~,11(lon. Alic'I, J. . .. .... .. 438.75C'onrielly. 1)01·is . 153.00Corit·ant, 11*vitrice E. 402.00Culhalle, Marr C. ...... 159.7('tin:it, M:irilyn........... :,6."0D:n·is. Sondra (91·:iff ....... 237.:10Dourrla., Iial·|mr·n Tinlier . 132.WlEneat·jincion. Tri·eMit:i .... 12.00
105.00Ft·:ink, Dionrity (11,2901· .. 120.00Gairigheroff, Sony:' R. ..... 13.50Gic·ydor. Don:ild Arthur ... 79.70Uarrington. Fle<11•lick L . 387.59Harrod, Al:in R. ......... 221.64Henry, I:onneth C. ......... 42.21Hicks. Helen Main· ....... IRRI?RHigley, Frances F.John.~on, Orithia S. ....... 234.00Klitutis, Elion ......... . 297.00Kati·is, Helen .... 76.50Kopald, Thi·bat·a ......... 261.00Larson, Edward . 135.00I.evinson, Joseph 61.50Lezak, Ii:,3 .... ····· ·· 127.50Lieherman, Grace L. ..... M.00Marostirri. Joy . 36.00jlc·Kay, Lucile A. . 330.00121.50Aterbitz, .11·riold G.. Jr.Miller, Carol W. 40!,.00Novit, .Toy ... 120.000„ley, Clarenci, 1.. t}LIAPerez Lt,[ro, F.lvirn .......Ranric. Ed,vard T. 903.Sl
170.G.1Reckler, Edwin L.Rn:enthal, 11·Vinir Sl.55
360.50Roth, Robert J.Schick, Rosenin,·r· S 656.20schle,rel, Ar,infred H. 15.9454('hor, Sandra L. 108.00,Shaw, Man· li,lizabeth . 102.60Shr·nhan, Mary Anne ..... 1·1·LonSti·i©by, Alice ... 903.Al
2·19.00Swirntek, .T:imrs T. .....Swoiskin. Marilrn ...... 175.50Tarri~ Ecirval·cl ..... .... 405.7519.69Tutt nip, Martha .T;ineTr'11<le/·, 149/iny,1 M 292.56 $16.044.14
465.00IT'illi:ini,i, Johnny M. ..........
Rerund ,4 4 , f C «, 1 , 4ril„ ilint, 4 fir U ' idoi,- A ' 114' 11 % 1 ( inN10 1,4.ric!,4 V„t IC,illtled 1 4) Xiii·h lienelliN:
Taylor. Ir:11·01,1 A. ... ........... . 11; 7 7 1Trimble. TVilli:Im N. 40#.5,1 ST#;.Sn
Refitild,4 „f :irc~uinuintri] 4 „iltrilintionw (rn Ilenth:12111 · 10112·, Man· IC . ( C' ath rrilic C . 1.'111 · 1 ,3 ,1 , 1 , henrlirin )· 11 ) . . 5 . 018 . 70Tlnric , v : 111 . IT , den 1 ·'. C . Tolin / . I) 0110 ,· an . bmrAM' U )..... 2 , 912 . 20Tinrkin , Helen K . (.larqueline C. Rnx ·/ ohn P . /) 10 · A· in
and JitmeR F. 11 „ rl: in . .Tr .. benclicia 2 . 42111Tromie . Ruth B . C /·' i ·(111, . 1 . Holilir , brnellrifiril ). . . . . . . . . 401 . 51 *Mitehell . Edith ( Clenrile E . Mitrlirlt and Willicim H .
Mitchell , licnelici ,trieR ) .......,..... . . 7 . 36 '. 60 * 11 , 113 . 12* 1}litifitu nt
January 16 356 1959
Refunds and Death Benefits (continued)
Single I'nyment Benefit on Dent]1 of Tencher,;Donovan, Helen F. (John F. Do,ton·an, beneticia,7/).....5 2,500.00Durkin , Helen K . (.fal ·quelinc ('. Burns, Jolin P. Dtti-kin
and . James F. 1 ,1{ i · 1: in . .Tr .. bencticiciric > ) .... I 2 . 500 . 00
Furlong. Mary IC . (Cath ,·rinc C . 1·'tirtong . beneficinrv). 2 , 500 . 00Harris , Phillip A . ( ii <irrict 1¢. JifirriR , el ·retttor ) .,..... 2, 500.00KI·out, Maurice II. (Sara G. Krout. lic,iefic·ia,-I/) ....... 2,500.00Preo , Norinati F . C . tdria .1 / carle Prco , Bruce Pi ·c,i , Frallk
Prer, , 1.,1 1,-1-enre 1*1·ro and Artltur Preo, heirs) ......... 2,500.OfTVorst, Glerin C . ( flitbia M . W ,ind , heir ).............. 2 , 500 . 00 $ 17 , 500 . 00
Single I'llynient Ilenent on Denth of 'relieher-I'en,sioner,:Brown. 'Waker K. C.1,1,1,1 f. Brow·,i, bene/iciar.,d ...... 500.00Colin. Edu·ard C. (.1/ta A'. C:olin, bencticia,-V) .......... 500.00Hoppe , Ruth Ii . (Tr{1111. . 1 . 11 „ 131, r. bencm:in,·11 ) ......... af)(1 . 80Mitchell, ICclith (17"firt/r /.'. .lfit,·hi·/1 aild lli/lic,m //.
500.00 2,000.00
182,7 7 9.9.1
On motion by Miss Taggart. seconded by Miss MeVey, the foregoing reportsand recommendations of the committee were approved. Expenditures for thepayment of refunds and death benefits were authorized and confirmed for eachaccount shown above by the following roll-call vote:
Ayes-Mr. Potrie, Miss I\Ic'Vey, Mr. Meierclierks, Miss Taggart, Dr. Lally,Mrs. Light-6. Nays-None.
Purchase of Bonds ConfirmedIn accordance with the advice of Standard & Poor's Corporation, investmentcounsel, and in a mail vote prior to the date of this meeting, the Committeeon Finance reported that the following securities were approved on the yieldbasis noted plus accrued interest. The committee recommended that thePurchase of these securities be confirmed and that the bonds be registered inthe name of the Fund.
Amount DeMeription «if IlondM I):it F Ditte of '['OLEBL-Value) Name of Firm IMMited Mnttlrity Yield
Indtistrial Ccirporations$100,000 Buperior Oil Comp:iny 7/1/56 7/1/Sl .1.125:
3%(,2 Debenture> INa/omon 10·08. ,(· li ut:ici·
Pul,lic.' U,ilitif,A100,000 Ninv 1.11#:laticl I'r,wer Conit);itiy 6/1/5S 6/1/SS .1.19%
4 c,; First Murtifage 13ondsHal,)111„ i; 11 1-0.. il jilitzlri·
It€, i / roads100,000 Chesapeake & (}hin knilwit>· Company 6/1/6,6 6/4/69 4.20':i
332,; Equipm,·nt Trust CertificatesNatomon /from. ,( 1/Nt,der
On motion by Miss Taggart, seconded by Miss MeVey, the above transactionswere approved and confirmed by the following roll-call vote :
Ayes-Mr. Petrie, Miss MeVey, Dr. Lally, Mr. Meierdierks, Miss Taggart,Mrs. Light-6, Nays-None.
la:iuar>' 16 357 1959
Gift to FundThe Committee on Finance was pleased to report that the Fund is the recipientof a gift of $10,000 from Miss Alma G. Hunnemann, a pensioner of thisFund.
The records of the Fund show that Miss Humiemann retired September 1,1940 after 45 years of teaching service in the Chicago Public Schools. Shewas employed as a teacher at the Yates Elementary School and also asassistant principal of the Dante School.
The committee regards Miss Hunnemann's gift as an expression of hersincere interest in the welfare and security of Chicago teachers. On behalfof the trustees, the committee recommended that this report be printed inthe proceedings of the Board of Trustees and that a copy thereof be sentto Miss Hunnemann.
On motion by Miss Taggart, seconded by Miss )IcVey, the recommendationof the committee was approved by the following roll-call vote:
Ayes-Mr. Petrie, Dr. Lally, Miss MeVey, 1\Ir. Meierdierks, Miss Taggart,Mrs. Light-6. Nays-None.
Revision in Clerical Salary ScheduleOn motion by Miss Taggart, seconded by Miss MeVey, the clerical salaryschedule of September 19, 1958 for office employees was revised as of January1, 1959 to provide an increase of 5'* for all rates of salary comprising eachsalary classification. By the following roll-call vote this motion was approvedwith the proviso that if the application of the 5% increase results in anyamount of less than one dollar in the monthly payment, the salary shall beincreased to the next even dollar.
Ayes-Mr. Petrie, Dr. Lally, Miss McVey, Mr. Meierdierks, Miss Taggart,Mrs. Light-6. Nays-None.
REPORT OF COMMITTEE ON ANNUITIESAND CREDENTIALS
PensionsThe Committee on Annuities and Credentials reported that applications forpensions were presented for persons, hereinafter listed, with the recommen(la-tion that the pensions be approved and granted in the amounts and underthe conditions set forth herewith. In the case of each applicant for serviceor disability retirement pension, the employment of the teacher had tel·mi-nated officially, the legally prescribed minimuin years of teaching service werecompleted, and requirements with respect to age (if applicable) were fulfilled.
January 16 35S 1959
Pensions (continued )
Each applicant for disability pension was declared by three competent physi-cians to be suffering from a disability which wholly and presumably per-manently incapacitates him for teaching. Each applicant for widow's pensionfurnished proper evidenced of her rights to receive such pension.
Member'„ School Service in Annunior YTH. 1)11 te rendonNnine of ~Irnalier 1!ember'M SintuM MOH. DnyM Fron, 11nti
Optional Surrice Retirement Prnsions!1X 7G Bell, Jennie C...,..····Coles & C:alli,Htil.. .40-5-00 11/ 8/60 $3,753.68!,881 Brock, Mary Graddy ...,Sc,lith Shore High...29-2-10 6/27/58 2,607.84NSSZ Byron, Catherine I. ...Ier:,1, 43-3-00 12/19/5+ 4,070.889S77 Christey, Evther ......54111)-:el. ............31-2-00 11/17/5X 2,651.889%#0 Culh.ine. Lillian I:. ....11:item:in ..........26-3-On 11/29/58 2,50.1. f,~9 S 7S Dafres, Con·ien........M:n .:17-8-10 11/ 1/58 :;,5:13.28!1 Xx.: Hal·trum. Ruth H. ....On:than ........... ~30_.1-00 12/20/5< 2,679.3690<.1 54:ilmon, Ethel M. 8.1 1,· 111:ill .... ..... 4 0 - 1 -01) 12/20/5X 3,%1,1.969 S%G Taylor, H:trold A. .....54<·hurz Hitrh ..75-2-10 12/ 1/58 3,351.004KST Thompson, Elizabeth.T...·11·7175411·(in:r ....25-:9-00 11/15/58 1,029.10
Compulsory Service Retirement Pensions9S79 Moore, John R. .......Lan,· T,·ch. Ifigh ...37-7-00 11/11/5% 3,ill.80•9SS5 Smith, Helen F. .......Hyd,· 1':irk High .,.33-0-00 12/20/5% 3,117.72•'1.'merit 18 traelici· rrtired cl flt·)· rt'-,· inl)14?1 :ilf ),t nil (1 trml)01·(17·11 11,18;ix.
Disability Retirement PensionsI)-ISO Nelson, Fi·ances .... .Sten·nson .........22-4-10 9/ 2/58 1,782.3017-481 Quinn, Beatrice II. . . .Ita:· . .. .. .19-6-00 9/19/5< 1,.;61.16I)-·182 Trimble, William X...1,·1169·t· TIigh...... .26-7-10 9/17/5% 2.101.GS
l'id„,i·: Pe,isionsa T- 36 1;gni=>tton, Stt·lia 2:;-2-"(1 12/19/;S 5 5,;,0.1(Wid „ir of Mch·in 11,·,1,191 0 11. ti·,1,·11 i, i-)WT-37 Brazdn. Noel ............................39-2-10 11/15/3% 757.i;x(lvi,low of Linnii· P. Bl·a=,i,z, 'i't·,1 *,1irr)Ir.\-25 Brown, Anna E 10-9-10 11/26/3# 1.·100.01
(Widinr rif Waltri· W. 1,1„1,·,1. 11(.,111((in,•1·)W.\-2.1 Colin. Alta R. .35-0-00 10/24/50 1,250.04(Widow id ]:dit'(ird f'. Colin. 1)('.Mi,iner)WTLS Krout. S:tra (;. .30-1-On 11/28/54 1,112.01
(Widine rif Matirier 11. Krinit. t{'i,(ther.)Simer, Anna M. ...37-6-00 12/20/58 1,208.16
(Jvidow Of l),irr M. Sinic,·. prit>:i,nier)WT-39 Wr,rvt, Hulda M. 40-8-10 11/ 9/58 1,400.04(Widnin of Gle, n C. Ji „1-Ht. teacher)
Summary n/ i*'" Sir„, M Grant ,71Optional 44·1·vice retit·ement pensionv..........10('Omi)11180!3· Hervire retirement pensions:. .,2Divabilili· retirement pen.ic)!1.:. .. *.....Wid„,1-5~ t..11'i011.
On motion by Miss McVey, seconded by Mrs. Light, the. recommendation ofthe committee was approved and the service and disability retirement pen-sions, and widows' pensions, listed above, were granted by the followingroll-call vote:
Ayes-Mi·. Petrie, Miss Mc'Vey, Mr. Meierdierks, Miss Taggart, Dr. Lally,Mrs. Light-6. Nays-None.
January 16 359 1959
Appointment of PhysiciansApplication for disability pension was submitted with the recommendationthat physicians be appointed for the examination of the applicant.
On motion by Miss MeVey, seconded by Airs, Light, the appointment of thephysicians, listed below, was authorized.
Grant V. Athanas, M.D., 4753 Broadway, Chicago, Ill.John F. Garvin, 1\I.D., 122 So. Michigan Ave., Chicago, Ill.Bernard I. Skorodin, M.D., Cook County Hospital, Chicago, IlI.
To examine: Marion L. Lewis, Mt. Greenwood School.
Revision in Rate of PensionThe Committee on Annuities and Credenti.ils reported that information re-garding an adjustment in salary by the Board of Education was receivedby the Fund after the service retirement pension was granted to Mary C.Hannon. This adjustment resulted in additional pension credits to be con-sidered in the calculation of Mrs. Hannon's pension. In accordance there-with, the committee recommended (1) that her service credits be changedfrom 40 years 5 months to 40 years 5 months and 10 days; (2) that the rateof her pension be changed from $3,568.80 to $3,584.16 per year; (3) thatadjustment be authorized for pension payments made prior to this date ; and(4) that the records of the Fund be revised accordingly.
On motion by Miss MeVey, seconded by Mrs. Light, the recommendationsof the committee were apl,roved and the above-described revision in rate ofpension was duly authorized by the following 1011-call vote:
Ayes-Mr. Petrie, Dr. Lally, Miss McVey, Mr. Meierdierks, Miss Taggart,Airs. Light-6. Nays-None.
Cancellation of PensionsThe Committee on Annuities and Credentials reported that the followingpensioners have been re-employed as teachers by the Chicago Board of Educa-tion. Therefore, pursuant to the law, the committee recommended that pen-sions of the persons, hereinafter listed, be cancelled as of the efFective dateof re-employment.
'13-tic- or 1*n(r cif Dnkr:line 1 '4•ll M i (In 14•18 Zon ]Er-emt,1"..(1Cross, Euthryn M. ........Kervice..,..........,.33.365.0-1... .........11/20/5x1']nehot:t, Al:le M. ...Service......... ······ 3,+22.21 .12/ 1/58
On motion by Miss McVey, seconded by Airs. Light, and by the following roll-call vote, pensions for the persons listed above were ordered cancelled on thedates indicated.
Ayes-Mr. Petrie, Miss McVey, Dr. Lally, Mr. Meierdierks, Miss Taggart,Mrs. Light-6. Nays-None.
January 16 360 1959
Outside Time and Military ServiceThe Committee on Annuities and Credentials reported that affidavits, or otherevidence, attesting to or certifying (1) service in the public schools of theseveral states or in schools operated by or under the auspices of the UnitedStates outside of the City of Chicago; (2) time spent in the military serviceof the United States during the pension period; and (3) employment bythe Chicago Board of Education as a school clerk are hereby presented forthe persons hereinafter listed with the recommendation that they be ap.proved; provided that in the case of outside teaching service no more than10 years be credited and also that the last three-fifths of the minimum termof service for which an annuity is granted shall be in the public schoolsof the city.
Service Service CreditnNniale of )!ember School (De,*cription) (YrM. MOM. Dny,§)
Teaching Service in Public Schools or Under Auspices of the U.S.Bunting, Theresa V.........Bowen I·Iigh..... . .Teaching 2-0-00Hubbard, Alma Marie ...... .Substitute ........... .Teaching 2-0-00Jones, Frances D. ..... ···· Substitute ........... .Teaching 6-0-00Lease, Benjamin ........... .Chicago Tea. Col..... .Teaching 7-0-00Loomis. Martha F .Hay ............... ..Teaching 0-4-05Myers, Vivian K. ..,.······ .Substitute ........... .TeachinK 1-0-00Rainey, Gloria Jean ....... .Substitilte ....... .. .Tenching 3-0-00Webb, Flores J. ...········ .Substitute ........... .Teaching 3-8-10
Military Serrice 0/ the United Status13uss. Arthur W. ....······· ·Waller High ........ .Military 0-4-05S/,ill mari, Bernard R. .......Whistler .............Milit:u·y 2-0-00
Employment in Other Chicago Gorernmental UnitsRimmerlo. Marjorie Howe 1-9-10Hogenbirk, Mabel D. ···· ...'West Pullman ........School Clerk ... 2-2-10
On motion by Miss McVey, seconded by Mrs. Light, the outside time andmilitary service for the persons listed were approved by the following roll-call vote:
Ayes-Mr. Petrie, Miss MeVey, Mr. Meierdierks, Miss Taggart, Dr. Lally,Mrs. Light-6. Nays-None.
ADJOURNMENTOn motion by Miss Taggart, the meeting adjourned to meet at the call ofthe Secretary.
Recording Secretary.
r
February 20 361 1959
REPORT OF THE PROCEEDINGS
OF THE
Board of Trustees
OF THE
Public School Teachers Pension andRetirement Fund of Chicago
Regular Meeting-Official Report
Friday, February 20, 1959
A regular meeting of the Board of Trustees of the Public School Teachers'Pension and Retirement Fund of Chicago was held Friday, February 20, 1959.
The President, Mr. Petrie, called the meeting to order at 2:00 P.M.
The President, Mr. Petrie, appointed Dr. Ann M. Lally to serve as RecordingSecretary in Mrs. Light's absence.
ROLL CALLMembers present: Mr. Petrie, Miss Mevey, Mr. Meierdierks, Miss Taggart,Mr. Murray, Dr. Lally-6.
Members absent: Mrs. Light, Mr, Whiston, Mr. Caples-3.(.tb.9(91(·c of Mr. Cal)/cs u·uN duc.' to t/ic no·, sbity uf b·in!/ .1,1 i,j Chic(100 on blf,qi,1,·8,4.)
APPROVAL OF MINUTESOn motion by Mr. Murray, seconded by Mr, Meierdierks, the minutes of theregular meeting of January 16, 1959 were approved as printed.
February 20 362 1959
REPORT OF THE FINANCIAL SECRETARY
Tax Levy for the FundThe Financial Secretary presented Report No. 665,17 of the Chicago Boardof Education which certifies the amounts and purposes for which a schooltax is required in 1959. Included therein is the sum of $9,568,000.00 for thepurpose of providing revenue for the Public School Teachers' Pension andRetirement Fund. The Board of Education ordered that a formal demandand direction be made upon the City Council of the City of Chicago to levythe aforesaid tax, and also that the President and Secretary of the Board ofEducation be authorized and directed to present and file a certified col)y ofthe resolution with the City Council of the City of Chicago.
On motion by I\Ir. Meierdierks, seconded by Mr. Murray, this report wasaccepted and a copy of the Board of Education's resolution was ordered filedwith the documents for this meeting.
REPORT OF COMMITTEE ON FINANCE
Reimbursement of Contingent AccountThe Committee on Finance reported that receipted bills, cancelled checks, bankstatements, and other supporting documents covering expenditures for theperiod from January 7, 1959 through February 6, 1959, inclusive, and totaling$1,124.78 were audited.
The committee found that expenditures had been made properly and recom-mended that this account be reimbursed in the aforesaid amount.
BillsThe following bills were presented with the recommendation that they beapproved and paid.
Atin,4 Stilti,inerM, In{·.:1/30/59 01!lee Supplies .......· $ 75.62
lic,Ziril „f ]Cilitelitic,11 „f the C i~ of Chiciagn:1/22/59 Preparation of tablilriting ral·rl>: showing tenchers' salaryclecluctions for ,:ach payroll ],c·,·iod frcin) 7/1/58 to12/31/58 31 1.*,7
L. 'W. Iniehin Company:1/14/59 Mimeograph supplies .... 17.110
nozell ,F J:,col),4, Inc.:1/10/59 Referendum expense .························· 5 1,200.00to Art ami production on film strip With ·10 m·ints
and records ..... 4,350.002/ 9/59 74 glass mounted slid,·s, 314.502 tape recording31 ········· 27.50Rental of projector.,..,,. 27,00 5,,419.00
.
r-
F:l,rilary 20 363 1959
Bills (continued)1!ritd lier finit], IC C{imlinny:
2/ 3/59 Mimeop:kph Imper ........ 146.00
Continetit:,1 I·'11, c•lolle Corti.:1/20/59 2,675 8% envelopes, printed corner card. - 29.00
John K. Garvin, 71.I).:1/26/59 Examination of Marion I.owis. 3.00
Hal·r,4 Mt:Itivttent Ser,·ice. Inc.:1/12/59 Actuarial and insurance statistics. ....... 1.732....1
to Pension pan·oil changes for Janizary 1959. . 24 9.162/ 5/59 Ofilce administration 78.90 2.110.11
MeCormick zind Ilenderp,(,1, Inc.:1/ 3/59 Printed forms and supplies .................. 120.35
to Renort of November· proceedings 421.101/22/59 Bulletin 2/2/59 (Printing, mailing, postage).... 344.01 SSJ.·16
Pnialimit-lte:aver. Ine.:1/22/59 omer supplies........ 310.93
Renalnwton I[zind:1 / 1 /59 Maintenance on 5 trpewritors ( 1 / 7 / 59 - 1 / 7 / GO ). 77 . 191/14/59 Maintenance <91 1.-I}ewriter (1/16/59-1/16/60)... 15.44 92.63
Unreo Inc.:1/ 9/59 Statemintw Of Blue Cross Premium>4. 2:; 1.50
310.136.42
On motion by Miss Taggart, seconded by Miss M(Vey, the foregoing reportsand recommendations of the committee were approved. Reimbursement of thecontingent account and payment of bills, listed above, were authorized bythe following roll-call vote:
Ayes-Mr. Petrie, Dr. Lally, Mr. Meierdierks, Miss Taggart, Miss McVey,Mr. Murray-6. Nays-None.
Refunds and Death BenefitsThe Committee on Finance reported that documents pertaining to claims forrefunds and death benefits for persons listed herewith were examined andverified. Evidence from Board of Education records shows that applicationsfor refunds on account of separation from service were made by persons nolonger employed as members of the teaching force. Applications for refundsof contributions for widows' pensions were made by male teachers who werenot entitled to such benefits at the time of retirement. Claims for refundsof contributions and for benefits payable on death of teachers and ponsionerswere determined after Certifying dates of death and establishing proper evi-dence for each beneficiary, administrator or executor. The Committee rec-ommended, therefore, that refunds and death benefits be granted for personslisted herewith in the amounts specified.
1{efundM 11/e IteNIA·iliatic,11 (ir Regtihirly I.~i:,1,1„yed ,!riallic'rf:Il,icon, 1)0101·es ICI·tlelle .......$ 811.65Relofsky, I,enore Y. 329.25Coheti, 1':~,se Clail». 435.00Corrado, Virginia M. .....-. .. 559.90Daley, Joan C. 596.40Diamond, Sylvia . 660.00
858.110Eggers, Genevieve At. 1,250.40Fairman, Junet W ................................ 249.00
February 20 364 1959
Refunds and Death Benefits (continued,
Refund,1 zi/e ReMignation of Regularly Employed MemberM: (Continucd)
Gibson, Jane ........... 223.5.1Gilbreth, Catherille JI.......... 115.00(;ustafson. Ruth E.......... 2.111.70Ilardin. Alic,: Spencer- ......... 2:12.40Heiclke, Florit:L Laughlin ..... X60.00Hole, Blu·bara A. ........... 66:4.0()1:,illiziteriN, Virginia ........ 590.·10Klein. Ruth E. ............. 1:18.00I,iebel·man, Denise
32).4017:1.10Lyon, Judith .
Marks, Ilene ................. ·1 Sj.00Mocko, Naomi ............... :45.!10Neal, >;hirley L. ..··-········ 1,061.40Niederman, Phyllis W. ...... 1,19,1.401'.iesel, Fred lt. .................. 681.3·1Robinson, Amy R. .............. 2,942.·toRA·Inut, Lottie ............... 75.1.821Scribano, 11:irie T. ............. 1,123.·10Stokos, Jean M. ............. 3:7.00Truel)1(,0,1, Phyllis 1:inderer . - 65.25
2·19.00W:ilker. Charlotte H. ........Hic·1~Ktrom, Fred A., Jr. 75.1.,1 4WoodS, Bal·Imr:t (:euther ...... 2·19.0074·in:in, 13,11·bar.1 J:rne...........",16.50 52:; ,142.56
Reftind,4 :t/e Ke[,:ir:ition from Hervice of Sub,Itituteor 'I'emporlirtly 1·:i,ili!~,brd 'I'encherx:
Al·cher, Doris .......····· 3 415.50ArneY, Ronald G. ·········· 1)7.86lt:iii·d, Philip w. G. .......... 130·18
858.84Entz, Ho,vard M........... 1.128.'4(11:Lik, ICIV/L 11,1111'ice....... 79.1.·toCollins, I.rith M. ....······1-):il,in, Sam H. ....········· 199.7(jI)<,(,ley, .I:imts h. .......... ·ils.01Doue,·tte. Lois M.....······ 219.15Erbach, 11:iry Ji.ithryn...... 1,330.<5Field, 13 :i rhara M. ..···
:&91.35198.00
Foote, Frances 19'.75Gil:ison, Norm:i Jean ......·
Hart, Ance]In W 462.001-lines, Maureen ............. 489.00Jenny, Mar;r:iret Hy:in . 120.00.T(}h:inson, Norma J. ········· 153.00KaM,111, lenid .............. 344.25Kimble. Flvert:, M. ....... 354.00Laven:,11, Bilire A.......... 127.52
· · 2.7.001·17.0 ()Loew, Jorre HrM:Li·cozix,' Eliz:tbeth Anne . . 49S.00Al:iri.:i. ..\~1111.st. Jr. ..····· ",11.2.8Mil·z,1, Ami·(i,·Ile ... ·· ·· · ···· 273.(10Mots«·h. .Tobet,liin" ········· 12 M.Of)
262.05
Nelson, 12:irmond E....... 45.00208.70
c)'Con,1(11·, J:Lectu,·h·n ....... 65.251'0klen, '1'homa: 6. ...... 2,85,noRi,·har,Isrm, Joliti A. ....... 321.76Rowlry, S:indrn K. .······· 416.4072111Iini, Josephine V. 761.40Schornrork, Dale .······· 423.91Sliepler, Joyinne M. ...... 711.76
341.10'rhonip.:on, David B......7.'rch. Marilpe L. 129.GoVlah.ikis, Catherine S 5 W. 3 5
701.20Walsdorf, Beriinclette ...... 255.90TV,·ar·or. .T,·:inne M. .······· 596.2SWirth, T.i·(,riard E. .·· ··Y:'irin, }Clizaboth Anne ..... 385,50 $16,·109.·12
February 20 3 ¢; 3 1959
Refunds and Death Benefits (copitinticd )
Refirn , IM (, f C { intrililithinx fi,r 1,- 1 ( 1 ( n ..C 14'/ IIi ,/ 1 /
to l'irM,IMM )(it ]·*,ialiticil to Kileli liritrlit,~:
13rown, 01\-de M. ... 76.922-Irudk:i, 1,:iditilit· M. 477.7-11,2/1.11)1), Roy .\. ....R:lhn. Rol,ert C. ... #HI}J#Re>·ner, 1·'loyd .\. #S:i.:,8 2,00·iso
lb•furn(IN (,f Acciti:11:inted Contriblitic)11,4 on Denth:
Brown , Agnes 11, 2 ,· es Cid Hin R,ili~, rt li i ·n triI , 1 ,inrlicia ,·! 1 ) : 1 , TS5 . 06Ilarmon , Bessie C 11 - illifi m P , 1/ 41 ,·ulon , brn , Blici „ i )...... 5 ,,161 . 00Huston , Rose I ). ( 1·' i ·< im' ic Wniter liltmt ,in und Itht / 20 .9
·1.1·12.06Joh /,stcm . David ( 11 ,ircith , 1 11 .. F, ilti, Mton , licii·).........· 1 , 1 ; 07 . 25Iflosterm : in . .hili : i ( 1 -,· f /(f .11 . 7 ' t ,· imi ,n . b, mli ,lnry )..... 2 5611 . 6 "Mann , M :nicle L . 2 'llic „/, h 1 / 1 .9 .1 /. . 1 / 1 nit , benrn , laru ).... 2 " 091 . 24)Meyer, Irene 71 . C // c /(· 11 (;. jf ,• in ·,·, bin i // c # ic, ,,#)......... 5 . 507 .., 3 23 , 654 . GO
•.1 ni,Nit(zitt
41,154·le I':,1·114*11* ]1/11/lit „11 1)/:1111 or '|'extell//M:
Brandrnhur ,r , Itt· 1 · 1 ),• t · t II . ( Virucne P . Br , whnburg../ .... I.I. - 2,500.0"
Brazcia, 1.zittii s P. f.#-fic? 10·(12,1,1. i·.recutor)............. 2,501).01)Brown , AArnes liayes (/3 ir · i , 1 12 ( ilit ' rt. m-(} trit . 4,· 11 , 111'icli !/) 2 50 *)./ 10lIar·mon, 1,1·>4:it• c it~i;li,im /'. /1~wmon. h,·m·/i,·Mi-,0 ...... 2.6110.1,0Hti . tori , 1 :„>Ae 1 ). C /' ram · i: 11 - irltri· // u .. 1 , 01 und ](lit
1 / tixt „1 % 1., 1 , 111„„·, 1,< i, ili ,· i,1 ,- ic ·x ) ...... 2 , 500 . 00·1(,11!,stnn. David C/),n·nt/„/ 1/. ./„hii.ton, 1, iii).......... 1,000.OnM : urn , 71 :,// cle 1 -. ( 7 '/ i ,·(,/ ihi ///* . 1/. . 1 /„, in , brnen( inrN ).... 2 000 . 00Meyer , Irene M . (// clin G . .lf ,·„ f · i ·, brn#imq)..······· 2 , 500 . 00Ti~,ki;:r.,;~;.0 r~;·i,1'.i,~)1;1""'h:. .1.~ 7'i,,·1,·i·i <rn,t. ('" ::,1 ~. :"n. 2, 500.00 20,500.00
Mii]*4]r I':tym€·lat 11(·i,;lit 4,1, 1)4·:11 h of 'I'r:wher--1'en.innerM:
1 -rowe . &, Ne Anne ( 7'/mmir .•: ./. /) ou · ns . (1 ,11}li ¥ listrilt <) 1 ') ... 506 . 00Rlos: term , in , . Julia C rt '( 111 11 . '1 ' N- in< lin . 1, 1 , 11 " litifi )·11 )..... 600." 0Loventz . Geri · Ke G . (( I („ I '(/1 ' f ;. I,<))· c )1tz . .11 ·. (lilli . h'( 111
I·'icld Lorcntz, brnrB<· in )- ir.q ) ./ I . I . I . I . 500 . 00M , iyel ·, 1•' ra lic · es IC . ( Robert ll . Mum' r, lit ·,irth· mr!1 ) ..... 500 . 0 <} 2 . 000 . 00
Reflit,(IM (if f'~intrihittint,4 for Servic·i· in I,ixi·,·wv of ·1; i *:irMin the . 111 „ unt Alitilic·ztl , le 2 , 4 : In () 1YMpt t „ the Defirient ' y forMeri·ice /'r//r 10 .hili· 11):H :
Th. nley, Grace P. ....................... .. 562.50Hutc.hisc,n. cy,·116, 1:. .................. .........:9 1,~92 ""·1"lillinsr:, 11:11·v DMe(2;11·th,v, c.;ince F. ...Shell, N,·tti,· .-··········· ·········~~~~~ *150.00 ; 266.73
$:HAGS.13
On motion by Miss Taggart, secon,led by Miss ]\Ic'Vey, the foregoing reportsand recommendations of the committee were apln·oved. Expenditures for thepayment of refunds and death benefits were authorized and confil·med for eachaccount shown above by the following roll-call vote:
Ayes-Mr. Petrie, Miss Me'Vey, Mr. Meierdierks, Miss Taggart, Dr. Lally,Mr. Murray-6. Navs-None.
Fel,mary 20 366 1959
Duplicate Warrants
The Committee on Finance reported that the persons named below requestedduplicate warrants in lieu of the following described checks which were re-ceived and lost. Affidavits certifying these losses and in each case indemnify-ing the Fund against any liability, damage or expense which may result byreason of issuing such duplicate warrants were duly filed. Therefore, thecommittee recommended that warrants be issued to the persons named belowin the amounts indicated.
inine Amount Number Date PurD„Me
Andrews. Elizabeth W. . . $70.67 n8n9 10/31/58 Pension PaymentKuppes, Anne L. 73.90 396751 12/31/57 Pension 1':i>·inent
On motion by JIiss Taggart, seconded by Miss MeVey, the recommendationof the committee was approved and the warrants were ordered drawn by thefollowing roll-call vote:
Ayes-Mr. Petrie, Miss McVey, Mr. Meierdierks, Miss Taggart, Dr. Lally,Mr. Murray-6. Nays-None.
Purchase of Bonds Confirmed
In accordance with the advice of Standard & Poor's Corporation, investmentcounsel, and in a mail vote prior to the date of this meeting, the Committeeon Finance reported that the following securities were approved on the yieldbasis noted plus accrued interest. The committee recommended that thepurchase of these securities be confirmed and that the bonds be registered inthe name of the Fund.
t. m (i Unt DeMerlption of nondm Dlite Dnte of i'"(1'Eir 1"nhir) Natize of Firm IMMUrd M nturity Yirld
U. S. Gor,·rn,nent$300,000 United States Treasury 4% Bonds 1/23/59 2/15/SO 4.10%
Firat Nation(11 Bank of Chirct!/0
On motion by Miss Taggart, seconded by Miss MeVey, the above transactionwas approved and confirmed by the following roll-call vote:
Ayes-Mr. Petrie, Miss MeVey, Dr. Lally, Mr. Meierdierks, Miss Taggart,Mr. Murray-6. Nays-None.
U
February 20 367 1959
REPORT OF COMMITTEE ON ANNUITIESAND CREDENTIALS
Pensions
The Committee on Annuities and Credentials reported that applications forpensions were presented for persons, hereinafter listed, with the recommenda-tion that the pensions be approved and granted in the amounts and underthe conditions set forth herewith. In the case of each applicant for serviceor disability retirement pension, the employment of the teacher had termi-nated officially, the legally prescribed minimum years of teaching service werecompleted, and requirements with respect to age (if applicable) were fulfilled.
The applicant for disability pension was declared by three competent physi-cians to be suffering froni a disability which wholly and presumably per-manently incapacitates her for teaching, Each applicant for widow's pensionfurnished proper evidence of her rights to receive such pension.
Member'M School Service To Annuntor YrM• Dnte Pendon
Nume or Member Member'M StntuM MI),4. DityM Froiii It·Itc
Optic,nal Serrice Iletirement Pensions'SSS Allen, Helen I'. ,.......Le 1Lovile .....,....30-0-00 1/l S/59 $2,344.0
-
9889 nissell, Harriet n.....Harrison High .,,..39-7-00 11/15/ 58 .., ",...'-DS90 Bolger, Katlierille M. ..Cootiley ..... ......36-6-10 2/ 1/59 3.-195.849%91 131·ennwasser, Lorettal..1 Izin n 26 - 5 - 10 2 / 1 / 59 2 . 162 . 408 i 1G Brown, Clycle M. .......I,ake View High....32-2-10 2/ 1/59 2,6% 1.167472 Campboll, 1,~:~therim· G.Stockton ..........23-9-05 1/20/59 2,093.769S.l,2 Costello. Cecili:, AI......Foreman I-Iigh .... .·10-1-10 12/19/58 3,763.2<)9 S !13 Day, Nellie M. ........ICI,inger ...........39-0-00 2/ 1/59 3.710.4 C)9S94 ]Cll. Ferdinand A. ......Crane High ........40-0-00 2/ 1/59 3,+01.609%415 ]Cndriz, Florence G. ...Christopher .......32-9-10 12/14/SS 2,606.529896 1·'lagg, Ed lona O'Neil...Douglas ,..........25-·1-00 2/ 1/59 2.440.209S97 Gleason. Mae O'C.......J. N. Thorp ........43-3-10 12/20/5X 4,1)ST.929%98 1·Innlon, Frances......Amundsen High ...43-:1-00 2/ 1/51 4,102.929%!)!) Hit·ber, Frances 12. ....Gary ..............31-6-00 12/ 1/68 3,283.099900 ]ViHS, Zina ..···· ......W:lterS ............32-9-00 3/15/:'S 2.t.5.569901 J,9/ei, Grn,·e W. ····. ·Tradqworth ........21-9-10 1/ 1/59 1.914.7299(12 Maher, Mnn· Al. ..... Cook ·10-0-00 21 1/59 ..81)1.*109903 Malkin. Rove A. .......Stone ............, .2 S-0-10 2/ 1/59 2,431.:16f, Not Maurer, Lillian M. ....Gresham ..........,21-3-10 2/ 1/59 2,293.609405 Monny, Catherine M.. - .Div. Speech eorr....24-3-15 12/21/5S 1,317.GO111)0(; Mosby, Clai·,1 Irene.....1'hillips High ...., .2S-0-00 2/ 1/59 2.67.1.689907 O'Donnell, Helen K.·...lit. Greenwood ... .40-5-10 2/ 1/59 3.%51.889908 Rahn , Robert C . ....... TV: ishburne Trade ., 33 - 5 - 10 2/ 1 / 59 3 , 212 . SS9909 Reiningu, Helen L.....Fart·en ,....,......5-1-OS 1/20 59 1.391.049910 Rochford, Milric B. ,., ,Monteflore 36-3-00 12/30/5S 3,32 K.689911 Rockofoller. Ruth 15....IIawthorne ,,,..,..40-5-00 2/ 1/59 3,847.329912 Rlizicka, Edward E, .,, Steinmotz High ....37-0-00 2/ 1/59 3,527.769913 SiT,chon, Lucile Q......Foreman I.Ii,rh .....40-1-00 12/20/58 3,82·t.SS991 4 Smith, ]Cdward H......(3:1111:net High ...... 41-3-00 2/ 1/59 3,120.41}9!115 Winch, Charlotte P....Monroe .,,.,....,..36-0-00 2/ 1/59 2,938.209916 Wright, Anna Martin. .Alneriennization . . .13-9-00 7/ 1/58 1,158.24
Fei,ruary 20 368 1959
PensiOIts (co,ttinucd)1Ic·„alier'M >4(·]1(Hil Service To .1"1111111or 1/H. Date l't•"Hi€)11ho. N:ime of Member M{·111!ic·r~ St:ittli 71„.. I):11-4 From Itate
C.(,litpillsory Scrrice Retiremput Pension.s'.17 .\11;ru.. H, len li. ......('c,I,el·nic:11: .........11,-5-1< 2/ 1/59 54/25\.1,%•ITO 1 ]~nni>+·r, Muth I). ....Sltllivan }·Iigh .....:;>;-0-01; 2/ 1/59 2,71::.MS•"41 S Hernstein, Florence ...!Ii!:c·h H.!:11 ......11-11-111, 2/ 1/5'I* 41 1 9 Bretrnan. Edmi H. ..... Kililier ... .1.1-5-(1') 2/ 1/59 4.2/2.IX•.,20 13111·/1,4. Nort·en M. ..... 1;51'1(·I i'1,1,1. . ::1-5-11(* 2/ 1/59 ::.2:'1'.621,1 21 Culh:ine. FI·:ink .......Trumbull .... 41-0-111 2/ 1/59 :;,0,17.4,'!122 1_),Hinehy. Mar>· E. .....Selini'Z ||i:411 .......·11->-11) ./11/58 :,71,1.3.\
(;le:imin, M:H·:ran·t C. ..Litinrman . . U;-2-00 2/ 1/59 3,13.1.Ko'924 Croves, Dorothy B.....Adclanis ...........:21-1-1 11 2/ 1/59 '.721.("A#925 Hanley, Gr:ic·,· M.......Hy,1,: Park Ilit:h....·11,-3-1+ 2/ 1/54 ·1 '':'.1·'4•)926 ]I:ts:el, D 1:it· 'r. .......>~·n/3 /ii;rh ..........:1;-4-liu 2/ 1/6,9 :6:lf:,LT,11,927 Hjt·rt:trclt, Walter (i...I,an,» T,·,·11. IIigh....35-5-1 0 2/ 1/54 'KNIXI))92S lirticlk:, I.,1(linlit· ~1. ...('I·,in,· 81·. .h·. ('c,1....27-5-01) 2/ 1/59 2 62!1.3';11*2., Hiltchi:On, 01(·It.1 E. .71:inlry ICI,·m. ......·1*,-7-0" 2/ 1/3,) -1.2:,S.(}S•)930 .Tr,knings, Mnry 1). ..... \r:ilon li.trk ...,...1<-2-06 2/ 1/59 1,268.„s.411:; 1 Knapp, Roy A. ........!«:tile Trch. iIi#h....:,5-1-lic) 2/ 1/59 , ".x27 I.:irkin. Cecilia ........ Bradwell ....... 44..5-"f) 2/ 1/59 s,:,2!12/•'<122 L.ir:c,n. 1,:Mil.l C. ...... Al,·ott ..... .. 4 .1 - 3 - 1,(1 2/ 1/5:} 1.17:'.12T,1111(1. ]Cth,·1 A. Trumt,1111 ...... .. .12..".."n 2/ 1/61) ;:.t):.1.2.1'!131 Mac·('allitin. ('halleS L..ia:Ah ... ........... 1::..(;-(}() 2/ 1/55 1.1:,(~.2X1!135 Mi·Calry. Mary M. .... Gun.:tullis . ... 4 :; - f) - '1,) 2/ 1/59 4.HT; 51;McCurthy, Grace F. ... Field 47-4-02 2/ 1/59 1,2'X.OK.0:,7 MeL,·:in, I·:(in:i J....... Young 44-3-(Hy 2/ 1/59 .1,191.24•Ifing Mc·li·ille, M:11·garrt T... Stew:trt ...........40-:i- It) 2/ 1/59 :LK:1,6.(11.Miller, Edi·lti·i:,1 S. .... En;rl,·wood High ...33-1-10 2/ 1/59 ,;.17 1;.20*Munn, Gi·i·trucle ......Calumet High ...~.:;X-:,-0,1 2/ 1/59 :, 1;:11.'.12#441 My,·rs, Agnes IC. ......15·vere .......~...cio-0-flo 2/ 1/59 :'.<(11.*;".1542 Olsen, Bessie Eleanor. &:ihhme Vor. H...58-2-00 2/ 1/59 1.25<.0.•-,f,·18 I':trn(·. Acielairle 1-J. ....121:11,·r .............2!1-2-10 2/ 1/59 2.7*7.:11;•14.1 4 poit, George R ........ Tilden T,·ch. Hiwh..·12-0-00 2/ 1/59 3.SS,1.2.19,)15 Powc·11, Jennie M:lry...c't·,·Mier Voc. Ilizrh..20-0-00 2/ 1/59 ,
I , I , . . .. . "9916 Reic'hert, Katherine B.. IA 11(11,Ec,m ifi#h ... .51 -1 -00 2/ 1/59 1.25*Ins•/1.'Its Rs·'In, CrirneliaT'. .....lii,>4,·11 IIi:rh ..... .·15-1-10 2/ 1/59 1,257.124,14!/ Sh,·lt, Nettie E......... M -!·se ............. 50-0-0.1 2/ 1/59 1.2-,X.,)..Kkil,1),·. Albert H. ......I·'.,ker>mil St:,(lium..42-S-10 2/ 1/59 1.cir, 1 . f K1 9 51 T-,·i·rinn, I.,·c. V. ........54,·hw-Z Hi;.11 ..... .,12.-5-00 2/ 1/5!) 4.121.11;*flflf) IV.ilter. T.vrlia...······1-1,·~1,·i·/1 .. ..... .32-4-10 2/ 1/59 3.nK,1.1 0.
0 Irm.·rititx t.,1.·ltrr ri'lirfit fifter re-Cl)11,1...1.11.111 ..11 .1 1(mi....·fl.·1
Disability Retirement PrnsionD-183 I.ewis, Marion Lorr:line..Mt. Gi·,·,·11\vood..1.1 -S-10 10/25/58 51,011.12
IFid„ic.<' Perixic,rigWT-·10 Branclf·ilburir. Virfrene..................25 - c)-HO 12/15/58 9 TX 60
(Widino W Urrbirt H. Ill·{111,1, ulnn·!1. trtic·lirr)WT-41 Magilner, Dot·a S. ......................:ts-7-00 2/14/59 1,319.0.1(llifint,· 01 1·'7·(1}11. .Wrif;iliter. tfut·111·1·)
Summary «)1 Pensiona GrantedOptional KI·I·vic·(' ret.irement I,ell>~iN,is........~.:11Compulsory w·1·vire retil,·1111·]lt p,·11:inn:. 37|)i<i:,|)iliti· 1·('| it¢·Ilip/11 1)1·!~>:i(in........1Widows' ponsions ... 0... .. I.
On motion by Miss Mcvey, seconcied by Miss Taggart, the recommendation ofthe committee was approved and the service and disability retirement pen-sions, ancl widows' pensions, liste(1 above, were granted by the followingroll-call vote:
Ayes-Mi·. Petrie, Miss MeVey, MI.. Meierdiorks, Miss Taggart, Di·, Lally,Mr. Murray-6. Nays-None.
r
February 20 369 1959
Cancellation of Pensions
The Committee on Annuities and Credentials reported that the followingservice retirement pensioners have been re-employed as teachers by theChicago Board of Education. It reported also that Mrs. Lila V. Eckert, adisability retirement pensioner, has been re-employed as a teacher in anotherschool system. Therefore, pursuant to the law, the committee recommendedthat the pensions of the persons, hereinafter listed, be cancelled as of theeffective date of re-employment.
'1'ype of Rnte of DnteInme l'en N toll PenMion Re-employed
Eckert, Lila V. .. ])is.ll,ilit>· $ 590.76 9/1/SSEngle. Robert H. Service 2,·103.12 85#528Lm,·renz. 01%# A... Service 3,534.23
On motion by Miss Mc'\Zey, seconded by Miss Taggart, and by the following1·011-call vote, pensions for the persons listed above were ordered cancelledon the dates indicated.
Ayes-Mr. Petrie, Miss Merey, Dr. Lally, Mr, Meierdierks, Miss Taggart,Mr. Murray-6. Nays-None.
Outside Time and Military Service
The Committee on Annnuities and Credentials reported that afhdavits, or otherevidence, attesting to or certifying ( 1) time spent in the military service ofthe United States during the pension period; and (2) employment by theChicago Board of Education as a school clerk are hereby presented for thepersons hereinafter listed with the recommenciation that they be approved.
Service Service CreditnNilme of Member School (Det,crilition) (YrM. Mon. Dayi)
Military Serrice of the United States1,„nohz:(·, J··romr ...........131·z·:int .... ..........Military 1-9-05Lavizzi). .7<,Mi.1}1) A...11........No. Fore:tz·ille ...... ·1\Iilit:iry 2-0-00
Em0(intelit i,i Other Chicago Go,·prnmental UnitsByrne. Marianne D..........Ityerson ...~.........Sc·11,,„1 ('lerk ... -1-15
On motion by Miss MeVey, seconded by Miss Taggart, the outside time andmilitary service for the persons listed were approved by the following roll-call vote:
Ayes-Mr. Petrie, Miss MeVey, Mr. Meierdierks, Miss Taggart, Dr. Lally,Mr. Murray-6. Nays-None.
February 20 370 1959
Cancellation of Outside Time Credits
The Committee on Annuities and Credentials reported that teaching servicein public schools outside Chicago during the school year 1956'57 was approvedpreviously for George L. Tucker. Mr. Tucker died January 17, 1959 and hiswife is applying for a widow's pension. Since this outside time was renderedwithin the last three-fifths of Mr. Tucker's total teaching service, the statuteprovides that it may not be considered in the computation of a pension fromthis Fund. Accordingly, the committee recommended that credit for this out.side time be cancelled, that contributions therefor be refun(led and that therecords of the Fund be revised accordingly.
On motion by Miss MeVey, seconded by Miss Taggart, the recommendationsof the committee were approved and the above-described cancellation of out-side time credits and refund of contributions therefor were authorized by thefollowing roll-call vote:
Ayes-Mr, Petrie, Dr. Lally, Miss I\IcT'ey, Mr. Meierdierks, Miss Taggart,Mr. Murray-6. Nays-None.
ADJOURNMENTOn motion by Miss Taggart, tile meeting adjourned to meet at the call ofthe Secretary.
Recording Secretary, Pro Tem.
r
M,rcit 26 371 1959
REPORT OF THE PROCEEDINGS
OF THE
Board of TrusteesOF THE
Public School Teachers' Pension andRetirement Fund of Chicago
Adjourned Meeting-Official Report
Thursday, March 26, 1959
An adjourned meeting of the Board of Trustees of the Public School Teachers'Pension and Retirement Fund of Chicago was held Thursday, March 26, 1959.
The President, Mr. Petrie, called the meeting to order at 4:00 P.M.
The President, Mr. Petrie, appointed Dr. Ann M. Lally to serve as RecordingSecretary in Mrs. Light's absence.
ROLL CALL
Members Present: Mr. Petrie, Dr. Lally, Miss MeVey, Miss Taggart, Mr.Meierdierks, Mr. Murray-6.
Members absent: Mrs. Light, Mr. Caples, Mr. Whiston-3.
March 26 372 1959
REPORT OF RECORDING SECRETARY
Referendum on Proposed Pension Amendments
The Recording Secretary Pro Tem, Dr. Ann M. Lally, rei)orted that the trusteesheld a referendum March 12, 1959 on the following proposed changes in pensionprovisions for Chicago teachers:
Proposal 1 .- ..11: ti , 111 (: tic Increasc iii Pensions for Future R,· tirci , 11 :
Adoption of a provision for automatic annual increasesof 114. <,; p.er year in the original rates of pensions forfuture retirants (to be financed jointly by public rev-enue and by non-refundable member contributions of1,5 of 1<,; of salary).
Proposal 2.- Thi, Standard illinois Pension Formula
Adoption of the Standard Illinois Pension Formula(without change in the present 6% rate for membercontributions) which embodies the following:
(a) Increase in the pension formula to 12,89; of aver.age salary (based on the highest salaries for 5consecutive years during the last 10 years) timeslength of service.
(b) Pensions and contributions based on actual salaries.
(c) Adjustment in the discount factor to 1,5 of 1 0 foreach month under age 60 down to a minimum ageof 55 (adjustment to be deferred until July 1,1961). No discount on pensions to persons retiringbecause of disability after 20 or more years ofteaching service and after age 55.
r
March 26 373 1959
Results of Referendum on Proposed Pension Amendments
The Recording Secretary Pro Tem, Dr. Ann M. Lally, presented a report ofthe Canvassing Board by Leonard H. Sollo, Chairman, and Betty A. DuPass,Secretary, on the results of a referendum on proposed amendments to thepension law, held March 12, 1959. The following is their certified statementof votes cast and ballots received:
STATEMENT OF VOTES CAST
Proposal 1.--.·tut ( Imatic Increcise in ierisi~ms for Future RetirantsVotes for proposed change 10,709Votes against proposed change 4,409
Proposal 2.- Thr Stanclard Illinois Pension Formula7.3111~ Votes for proposed change
i,2 Votes against proposed change 7,743
STATEMENT OF BALLOTS CANVASSED
Valid Ballots 15,118
Spoiled Ballots .. 183Total Ballots 15,301
ST.·17- IE OF / I.LIA' 01 .5 1CO(.17'3- OF (-OOK } SS.CITY OF CHIC.460 3
Thr ,{lidersionici Chairmtrn and S:cr,·tary of the Canuassi),0 Board, selected from thecontril),{ting members of th: trachi,ig fort; in th: manner rrorided by the By-Laws of tileRoard of Truskis of th; Ihiblie Sel:001 Teachers' Pension and Retircinent Fttiul of Chicago.1 //FRE /13 ' CE. IZI 'IVY thilt the Fort·going is a true and correct statement of thC votcs castM G refcrritchim 01% Proposid ch,lizgcs {il pension frorisions for Chicago teachers held incarlt scitoot, ii; each folli'ts} Place lit Chicago aild by mail on March 12, 1959. and of allt}w ballots rccri.·id cind canrassrd at said refrrendul,i, as affrars froin titc o#icial countand :nit:'ass of the licillots at said refer:Adion.
(fl~ ' If .V u uder oar hands this 12th day of March .4 . D .. 1959.
(Sifi,1,·1) RETTY .4. DE PASS (Si,i,trd) LEONARD H. SOLLOXec ,· d /': i .y , C .I .:...'. Ii, / 6 ,/ r ' 1 Clt,linimn , Cilit-,ass„lf; Botird
On motion by Dr, Lally, seconded by Mr. Mrierdierks, and by the followingroll-call vote, these reports were approved and ordered printed in the proceed-ings of this meeting, and the ballots and referendum materials were orderedcarefully preserved for six months after this date.
Ayes-Mr. Petrie, Dr. Lally, Miss Mcvey, Mr. Meierdierks, Miss Taggart,Mr. Murray-6. Nays-None.
March 26 37; 1959
REPORT OF COMMITTEE ON FINANCE
Order for Purchase of BondsIn accordance with the advice of the LaSalle National Bank, investmentcounsel, the Committee on Finance recommended that the following describedsecurities be acquired at the price noted plus accrued interest.
Amount 1)...cription of 18(ind, I):i i r 1)1/le ('f i'„(1'lar 1:1]ue) inine of FInn IMM 11, d ~Ilititrity 1-k·id
Public Utilities$150,000 Ohio Edison Compan>· 41,05
1·'irst Mortgage Bonds 4/1/51* 1/1/%1 1.43.;Unbre% .<tuart ,< CO. Inc·.
On motion by .7Iiss Taggart, seconded by Mr. Murray, the above describedsecurities were ordered purchased and the executive secretary was authorizedto proceed in accordance therewith, by the following roll-call vote:
Ayes-Mr. Petrie, Dr. Lally, Miss McVey, Mr. Meierdierks, Miss Taggart,Mr. Murray-6. Nays-None.
REPORT OF COMMITTEE ON PENSION LAW AND RULES
Pension Legislation
The Committee on Pension Law and Rules reported that it had considered therecommendations of the Illinois Public Employees Pension Laws Commissionand the results of the referendum by the teachers on the proposed legislativechanges. In accordance therewith, the committee recommended that the follow-ing revisions in the pension law he incorporated in a legislative bill for pres.entation to the 7lst General Assembly of the State of Illinois:
1. A provision for automatic annual increases of 11,F.4 per year in theoriginal rate< of pensions for future retir:mts, to be financed jointlyhy pill,lie revenue and hy non-refundable member contrihiitions of 1 6of 1 c,5 of salary, modified according to the Pension Conimission'Fi · e q u i i· e m e 11 t s .
2. A revision in the present lump sum payment on death in service toprovide a benefit equal to one month's salary for each year of servicenot to exceed six nionths' salary, or $5,000, whichever is less.
3. A revision in the present lump sum payment on death after retirementon pension to provide a benefit equal to the teacher's salary for the
_1
-
18.rch 26 375 1959
last six months of service, or $5,000, whichever is less, minus onemonth's salary for each year on pension down to a minimum paymentof $1,000.
4. In lieu of the present widow's pension, the following provisions forpensions to survivors of male teachers who have completed a minimumof three years of service:
30 % of average salary for widow over age 55GOr,2 of average salary for widow with one dependent
minor child809; of average salary for widow with two or more de-
pendent minor children30% of average salary for one dependent minor child50% of average salary for two dependent minor children70% of average salary for three dependent minor children80% of average salary for four or more dependent minor
children.Survivors' pensions described above shall be based on
salaries used by the Board of Education for pensiondeductions and shall represent the average of the fivehighest consecutive years of salary in the last ten
- years of service or on the avei·age salary for totalservice in cases of members having less than fiveyears of service.
The maximum benefit for a widow alone shall be $200per month.
Maximum combined benefits for a family shall be $275
The minimum benefit to each eligible beneficiary shall be$30 per month. Payments to a widow shall terminateon remarriage, but children's benefits may be contin-ued until attainment of age 18. If a widow is stillunde,· 55 when children's benefits cease, payments toher shall be suspended until she attains age 55.
The committee recommended also that the bill include corrective and clarify-ing changes (1) to give effect to the revisions described in this report; (2) tosimplify the wording and structure of the existing statute; (3) to change thelimitation on the purchase of corporate bonds from 40% to 50% of the Fund'stotal investment account; and (4) to authorize investment in common stockas recommended by the Fund's investment couliselors.
On motion by Mr. Murray, seconded by Miss Taggart, the recommendations ofthe committee were approved by the following roll-call vote:
Ayes-Mr. Petrie, Dr. Lally, Miss Mcvey, Mr. Meierdierks, Miss Taggart,Mr. Murray-6. Nays-None.
March 26 376 1939
ADJOURNMENTOn motion by Mr. Meierdierks, the meeting adjourned to meet at the call ofthe Secretary.
Recording Secretary-Pro Toni
377 1959.\pril 1 7
REPORT OF THE PROCEEDINGS
OF THE
Board of Trustees
OF THE
Public School Teachers' Pension andRetirement Fund of Chicago
Regular Meeting-Official Report
Friday, April 17, 1959
A regular meeting of the Board of Trustees of the Public School Teachers'Pension and Retirement Fund of Chicago was held Friday, April 17, 1959.
The President, Mr. Petrie, called the meeting to order at 2:00 P.M.
The President, Mr. Petrie, appointed Dr, Ann M. Lally to serve as RecordingSecretary in I\Irs. Light's absence.
ROLL CALL:Ionihers pre:ent: Mr. Petrie, Miss Mevey, Mr. Mcierdierks, Miss Taggart,I\Ir. Whiston, 1\Ir. Murray, Dr. Lally-7.
Members absent: Mrs. Light, 11 1.. Caples-2.C.· lb .ycnce 0/ .ltr. C( 11)1 (18 ,( adic t , i them ,· i .witil r , f bc ' i , 1 , 1 01 < t " f ('hicago On bliffizes).)
APPROVAL OF MINUTESOn motion by Mr. 1\Ieierdierks, seconcled hy Miss; Targart, the minutes of theregular n,eeting of Febrit:iry 20, 1959 and adjourned nleeting of March 26,1959 wore approved a: printed.
Ai) ril 17 378 1959
REPORT OF COMMITTEE ON FINANCE
Reimbursement of Contingent Account
The Committee on Finance reported that receipted bills, cancelled checks, bankstatements, and other supporting documents covering expenditures for theperiod from February 7, 1959 through April 8, 1959, inclusive, and totaling$1,465.08 were audited.
The committee found that expenditures had been made properly and reconi-mended that this account be reimbursed in the aforesaid amount.
Bills
The following bills were presented with the recommendation that they beapproved and paid.
Atta,8 Stationer,4, Inc.:2/26/59 Oflice supplies........... .$ 58.783/31/59 01!ice supplies ........ 63.96 $ 122.74
E. JV. lioelam Company:3/ 1/59 Maintenance on mimeograph....... GO.004/ 6 / 59 Mimeograph pat) er . lild supplies ....... 111 . 17 171 . 17
Ilozell & Jaco],M, Inc.:3/ 4/59 Referendum expense (Printing, mailing, postage), 1,812.01
CopenMe Cori)orntion:2/ 9 /59 Copease Supplies . 48 . 90
J. Coley, 1]le.:3/24/59 Conference table 184.38
Hz,ye,* Stati#¢tic„1 Service, Inc.:3/18/59 Actuarial and insurance statistics ........... 383.16
to Pension payroll changes for February andMarc}i 1959 .............................. .... 49.904/ 8/59 Referendum registration sheets ................ 190.25 623.31
litrkizind, Ell[M, lic)(!Mon, Chnit'etz .0 ,liliterM:3/18/59 Legal services from 12/18/58 to 3/18/59. 1.250.00
M<·Cormick :i:id 15/ia(14·rn/4 Inc.:2/ 2/59 Printed forms and supplier................~....- 665.34
12,·fur(!.ndilln Hill)1)1|('34 545.10tc) Report of January proceedings..........~*-.-..~- 355.90
Manuals of inf,inintion··························· 285.003/24/59 PenHion bulletins (Febrimry and March 1559)..... 2,046.42 3.897.76
l'ent Mnrivick, Mitche]1 & Co.:3/ 2/59 Auditing services for the year ended August 31, 1958.... . · . 4,200.00
litney-lion·eM, Itar.:
3/ 1/59 Postage meter rental 3/1/59 through 5/11/59.. 36.00
Rilit¢1(,Ipla 11(ix ,C Label C A:2/20/59 466 ballot boxt·. 47.5:1
m./.
379 1959AI,ril 17
Bills (continued)Remingttin linnd:
2/23/59 Maintenance on typewriter (2/1/59 to 1/7/60)······ 11.SlMaintenance on adding machine (12/5/59 to 1/7/GO) 2.03 13.54
1-,ilted St ttleM I·'ttlelity and G 11:Irunty C ompnny:4/ 6/59 Depositor·': for;rei->· bond 95.44
$12,506.OS
, On motion by Miss Taggart, seconded by Mr. Meierdrierks, the foregoingreports and recommendations of the committee were approved. Reimbursementof the contingent account and payment of bills, listed above, were authorizedby the following roll-call vote:
Apes-)Ir. Petrie, Dr. Lally, I\Ir. Meierdierks, Miss Taggart, Miss :\IcT-ey.Mr. Murray, lIz. Whiston-7. Nays-None.
Refunds and Death Benefits
: The Committee on Finance reported that documents pertaining to claims forrefunds and death benefits for persons listed herewith were examined andverified. Evidence from Board of Education records shows that applications forrefunds on account of separation from service were made by persons no longeremployed as members of the teaching force. Claims for refunds of con-tributions and for benefits payable on death of teachers and pensioners weredetermined after certifying dates of death and establishing proper evidencefor each beneficiary, administrator or executor. The committee recommended,therefore, that refunds and death benefits be granted for persons listed here-with in the amounts specified.
The committee reported further that other refunds to contributors, listedherein, were paid at the time reports on audits of such contributors' accountswere submitted. All such refunds were due to changes in rates of contribu-tions for creditable service or to other required adjustments in the applicationof automatic increases in rates of contributions by the Board of Education.It was recommended that the payment of these refunds be confirmed andapproved.
nefun,1,4 11/'e Revl,ritiatic),1 (,f lie#rularly Emi,!oyed MemberM:Bajorek, Anti M. ........... 1,283.20
5 528.40Barron, 1Claine M.
99.83Hergen, Molly 544.00Bertoletti, MMWdi. ....... , 100.00Brady, Bernadette Walsh ... .
1,295.40· Caruso, Betty I.ue„B ········ . 639.75Crist, Eleanor B. ......... 430.50Denigan, Jean W. . .. 255.00Doherty, Bernadette A. ···· . 132.00Ellin, Bonita C. .... 519.00Ellspermann. Joanne
668.25Evans, Nancy 234.75Eve, Marie Louise 471.75Far·nflry. Frank T. 182.50Fasules, Lenore N. .. 259.50Fox, Pearl N. ·······
Fox, Sara F. 852.00Frey, Norma Zobel 1,1.12.76
April 17 380 1959
Refunds and Death Benefits (continued,
Refund, 11/e Itevignlition of lic,gularl>·Employed MentlierM: (continued)
Friedman, Rosalyn ..... . 5 4 1:&.9 SGlickman, Ullian K. ..... .. 2!15.iSGlynn, Elizabeth Anne. 790.10Golden, Marilyn R. . -„....'.Holliday, Stella R. . . 1,11,2.75Jordan, Dorothy ........... . 50+.01Kahn, Marcia S. .. 3711.50Kenney, Eileen D. 1.115.()0Kluk. N:itt: N. .............. .. .1,01.42Kulm, Mary Hidel:o. .. ·14 7.90Lie berman. 1rene S. ..... 230.67Maloney. Jo:inne M. .. ·1<*1.97Marek, Janet F. . 1,272.61)Matanky, Sylvia Zasser. 310.3%Me(Jee, Imogene. . 1,2,16.50Morgan, U,irv Elli<...... . 7 8 100Munn, Henry"L. 1.332.48Niquette, Joan C. 4 ()2.90Nitzi:in, Joan . 32.50O'Keefe, Stir:t J. . 82!.1.20O,her, Carolyn C.Otis, Putricia ..········· 836.·10Perry, Juanita O. ·········· . 772.141'01:lk, Sarah Torgow. . 24".00Potter. real K. ............. . 1.194.51Prendergnst, Rita M. ..... 526.75Ritchie. Clarice E. .. . !)41.90Sager, Sue ......······· . 571.50Sc:LIzitti, Genevieve ... 591.SOScheuer, Kathryn ....... 772.34Se;rail, Ruth ......········ ·· 359.·10Sinion, Marilyn Sur . 545.lt)Hipek, Jo Anne H. . 1,003.6()SH**m, IC,·ely:i M. . . 120.00Th:ill, Elixah,·th R. 329.25Trawseli, Patricia S. 988.14Vander Ve,·n, Lucille S. . . 2 209.15Wriss, Barbarn Joy . .. 31 6.50-W,·11 s, PhylliM K. ..··· ·· 1.110.64Wi'Htphal, Gertri:(le ]C. ... 1,067.89IVit.01, 71:treia 1,125.66 $39,090.17
RefundM n/c· Separation from Meri ire (,f 411!,Matuteor 'remi,orarily ICnipic,yed 'rencherM:
Adknnan, Ann G........... ..,3 1.31.10Adums, Joyce Holly ....... . 228.00Aclduci, Nichol:is F. ....... .. 216.5,fAlbright, Robvi·t J. ..... 311.28Alexander, M:,ude A. . 594.60Armstrong, Chat·les . . 903.84Reck<·r, 8,·,rnadette M · . 3 SO.·10Bolotin. Harold .........· . 512.11CasM, Edith Pon,1 ··········· 513.90CollinM, Caroline Giad.Mon . 2·19.00
393.00('0",I,·11' ( )1 i V i:t .Dabtley, }tuby P. ....····· , 150.40David,re, M:LI·ily,1 IT. .······ 72.001·:Rgebrecht. Dori,thy A. ... .. 63!1.00
.r r.Flanders, Muriel ··Ford, 1:zitlia M. ············ · 23 t.im
191.28Franke, Robert Gporsre .Vt·it 9,·hip Tohii TI. ········ 476.24G:,jil:l, Ger:lld I.'•r .......·· 191.46
45.00Cal·zoni, 1·,clward G. ····(;piser, Pntric·iii ······ 249.0051.00ch.orgopulris. Francrs 1,316.52'501(lich, Irr·rnier ,T. ...
Gooden. Charles T. .······ 475.52Grace. Nancy S. ............ .. 9 01.lmr;rishilm, P:niline F. · ··· 18.4.00Grossman, Janice ······Gustin, Charlrq .,········· 4%91·10Hawley, Ann K. 25.50
April 17 381 1959
Refunds and Death Benefits (continued)Refit 11(IM 11/e Se 11:arnlion from Mer.ice of S 111)34tituteor 'I'emirnriirily Enal ) 1 , iyed '1' encher,i : ( rinitinucd)
1-kiken:, Gladys R. .................... - 254.40
.3 91.351·lornst:N), Joan S.liuward, David H. .......,................. 170.66Namin. Jud>· 1).lvidson ...... I 36.00Kelly, Gene V. 30(;.76Alt,in, 1 )evt·la H. ......................... 51.30lict·te, .h)11:inli,1 1Clizabeth...... .......~. 366.60Ki·aus, Sidney AgIBULed;i:Li·(1, 1:ill,l Sl):11111:in . ..........
67.6045-1.50
M.,lthis, Andrew 199.TO11(Guire, Judith . .;42.90Mci-Izigh, Marylyn Ha;ren .........,........ ~1 10..,9
00.65Mich:Lels, 1/osuni:ov F. .Michels, W:ill, Jr. . SVS.20Mm·kus, .hwn G ;77.SOMor;ran, William S. ........ ............ 61/S.·It;
60.23Nadler, I;el·nadine S......................Nierniec, Alice L .......................... 228.00Niowinrow.ki, 12:idzia ........... ....... S·12.40
775.52Noel J·Guiren; 1 .... ....................225.00
Palm Patricia G. .... .....................01(lani, N,inette M........................
US.152·1!1.00
Porko, Genevieve 12.00Phelps, Virginiall. .................... ii99.00Powell, Robert E. -/'....Rickspoont·, Hai·Id:ir,i 1:c,yv ..... ......... 3,13.4)11Robinson, 2.4.00Rosin, Soricit·:i Lp, ......... .....,.,.... 108.0011111)en,trin , Vivi:ill ..................... 120.00
72.OnScott. Michael J. ...... .................. 159.40Shelley, Nicholas k. ... 903.StStein, Sally K........ ...........,......· 11:1.11;84.00,Smith, T:IR T...........................· 241.55Stern, .To:in S,1,-Nlr ... 276.00Strengki, ]Clairic .TO .Sullivan, EMawn· 11 76.SriTyler. Kenneth IC. ........................ 181.!]2IVeli·h, Mai·garet Mil<11·*,d ........... ....West. Adelaide S. 53.10 22.592.42
RefundM of Arettiall,11:ted C„i,tril),iticin,4 011 I)enth:Adam :, Gladys Helon (nin·on M , Grtzoff , cidmi , Iis:triltor ).3 4 , 444 . 20Ast , lund . IIrlen M . ( Lift , ren Roliert Aaplund and Brirbara
, . 4 n - AL. .,1.9/1/und, b,·114·/ir:in,·icw) .....:i'.4.
Cullen . mith W . ( Edna B . 0111 !rn and Grare ('1111 ('11 .4,2 ,·11 (' i ,TrieR ) ./ I . I . I 4 , 786 . 66
1 ·Iannon , Mary C . ( Joanne Williflill ,4 (111 (1 Alier N. Clillilia .brn#('inri¢R) ..... 1,955.11*
Malm : troni , Rilth A . ( Ernest G . Mememm . biwdrian/) 4 , 131 . 50Mc . Carthy , 1 , Ileri A . (.Frreminl, .L AreC.artlit#, benefirinriv ) 2 , 471 . 25 •P,·ffer, C larene,• rV. C.Voi'i·/,9 1·1. mu,in. bendrin,·.u) ..... 2.213.53T -toehford , Agnes .T . (. 1 nn L, Rneldord · brnefirinrit ).... 4 . 771 . 15Horonson , IR · len 0 . 1Hmefiriary ) .... 5 , 435 . 90 34 , 857 . 01
•.lillitil' /,1,1 f
Single li'nyment ]11:arlit In Denth of 'rencherM:Adam ,:, Gladys Helen ( Rw·rin M . Grt : 017 .(id ,}WARMfor ). 3 2 . 500 , noAsplunri . I -rrlen M. (Lm, ren Nriliert .lgplic }id (ind 11 , 1 1 -1 ,( int
L. AMptund . benellewricx ) 2 , 500 . 00Chancellor , I :( lna T . C J 'flic·( ti -,1 l:, ('hilit ,·flifir. 1, ni i B ,·i ,[ 2 ·! 1 ) 2 . 500 . 00( 11111 (~11 . 1 : lit11 Tr . ( Edn ([ 19 . (' 1 ( 11 ,·)1 (ind ( 11 <14 · (' ittlrn ,
ben ;/1 ,/,IriI :) ./ I 2 . 500 . 00Malmstrom , Ruth A . CA,· ni·ft (;.,1/„ lm .q /,·ont , licnell ,· i ,11· 11 ) 2 , 300 . 00
br)'(. 11 ' i " r u ) 2 , 500 . 001 : n , hforil , Agries J . ( Mitric · M . knchford , 'I ' hf, innx l :.
Rnelifird ami An„ L . Rnelipird . ln · ir :) 2 . non. noSo]·4·n:en, TToli-'n 0 (14'0,/4· c'. ,0,0·,·11,¢·il, li,·ni·/i,·ian/). 2.1 0,1.floThomas , 1 : 01 , 4 ' 1 ' t S . ( 1·:, 1 , illie J. ilinmcia. brnelli · i (11'! 1 )···· 2 . 50 (1 . 4 , 0 22 , 500 . 00
April 17 382 1959
Refunds and Death Benefits ( Continucd)
Single I'llyment lienelit on Denth of Teacher--I'cild,)Iler,4:Albert , Euphrasi : i K . ( Board (d Trtildrea of the Public
Xehool TracliC , M' l 'ent: irin {ind Retire'llic ' nt Flind . bi · itc-liciuri,) - I ..... I . I 3 500 . 00
Hannon, Mary C. (Imcit ('. U-(,1811. lic·,1('/icia,-1/) ......... 500.00Hoffman , Florence V . ( Vateria F . Rcic · bert , 1 , 121 ('Bri (ir !/) 500 . 00lIeearthy , Ellen A . (, lercinicth A . Aft ·('cirthit . bcneflrifir !1 ) 500 . 00Mc·Geoghegan, Margaret IC. (.Iff,1-1/ 1/ef:rot//ic·,mit, bi·,ic-
11 cia ,-1, ) ./ ... .... I 500 . 00
Meyer, Henry ( j } on · lenc Af¢·!/ cr. nelician,) ........... 500 . 00Packer , Clarence F. ( Mildred 1 '. 1,ci , 1 .,· r. britrliciur!,)... 500. 00 3 . 500 . 00
Refund of ContributionM fcir Ser, iee in ICxce,04 I, f ·15 YenrMin the An:ount .tritilicit],le nM nn OirMet to the Delleteney forService Prior to July 11)31:
Me(Glinn, Vera -\. . S SOS.40 803.40
Refund,; n/e Adjuitment,4 in ItateM Of Contrilitition,4:
Burc·h, Rachel King. .$ 2S.00KI·ye, Alice P. 3.61Morgan, Sallie E. 58.50Placek, Sylvia H. 1.87Roberts, Marion E. 21.00Simons, Bertha E. 17.00Stenstrom, Kenneth A. 1.36 131.34
$123,474.34
On motion by Miss Taggart, seconded by Mr. Meierdierks, the foregoing re-ports and recommendations of the committee were approved. Expendituresfor the payment of refunds and death benefits were authorized and confirmedfor each account shown above by the following roll-call vote:
Ayes-Mr. Petrie, Mr. Meierdierks, Miss Taggart, Dr. Lally, Miss MeVey,Mr. Murray, Mr. Whiston-7. Nays-None.
Duplicate WarrantThe Committee on Finance reported that the person named below requesteda duplicate warrant in lieu of the following dscribed check which was re-ceived and lost. An amdavit certifying this loss and indemnifying the Fundagainst any liability, damage or expense which may result by reason ofissuing such duplicate warrant was duly filed. Therefore, the committee rec-ommended that a wai·rant be issued to the person named below in the amountindicated.
-r ame Amount Number Dnte I'tirt)(i Mr
Thompson, Mary E. ..... $ 95.2.1 30404 2/2S/59 Pension Pilyment
On motion by Miss Taggart, seconded by Mr. Meierdierks, the recommend-ation of the committee was approved and the warrant was ordered drawnby the following rolI-call vote:
Ayes-Mr. Petrie, Miss i\IcVey, Mr. Meierdierks, Miss Taggart, Mr. Murray,Mr. Whiston, Dr. Lally-7. Nays-None.
Ar,ril 17 383 1959
The Euphrasia K. Albert Bequest
The Committee on Finance reported that the Board of Trustees of the PublicSchool Teachers' Pension and Retirement Fund has received Euphrasia K.Albert's $500 death benefit payment as her designated beneficiary.
The records of the Fund show that 1\Irs. Albert retired June 23, 1956 after34 years of teaching service and she died on March 9. 1959. Prior to heri·etirement she was employed as a teacher at the Tuley, McKinley, Wells,Tilden and Phillips High Schools.
Mrs. Albert's bequest is regarded as an expression of her sincere interest inthe welfare and security of Chicago teachers. On behalf of the trustees, thecornnnittee recommended that this report be printed in the proceedings of theBoard of Trustees and that a copy thereof be sent to the husband of Mrs.Albert.
On motion by Miss Taggart, seconded by Mr. Meierdierks, the recommend-ation of the committee was approved by the following roll-call vote:
Ayes-Mr. Petrie, Dr. Lally, Miss MeVey, Mr. Meierdierks, Miss Taggart,Mr. Murray, Mr. Whiston-7. Nays-None.
Lease for Additional Office Space
The Committee on Finance reported that due to a substantial and continuingexpansion in the Fund's membership and also to a marked increase in thescope of its functions and services, the present office space is inadequate forefficient 01)eration. The committee reported further that Room 950 (imme-diately east of the present pension office) is available as of May 1, 1959 ata monthly rental of $84.25, for which the management of the Builders' Build-ins; has ofTered a supplement to the present lease which expires April 30, 1967.
Under these circumstances, the committee recommended that the additionalspace be acquired, that the president and acting secretary be authorized toexecute the lease and that the monthly payments be made in accordance there-with. The committee recommended further that the executive :crretary beauthorized to make arrangements for the necessary romodeling or conversionwhich may be incident to this expansion.
On motion by Miss Taggart, seconded by Mr. Meierdierks, the recommend-ations of the committee were approved by the following roll-call vote:
Ayes-Mr. Petrie, Dr. Lally, Miss McVey, Mr. Meierdierks, Miss Taggart,Mr. Murray, Mr. Whiston-7. Nays-None.
.\I)ril 17 384 1959
REPORT OF COMMITTEE ON ANNUITIESAND CREDENTIALS
Pensions
The Committee on Annuities and Credentials reported that applications forpensions were presented for persons, hereinafter listed, with the recommenda-tion that the pensions be approved and granted in the amounts and underthe conditions set forth herewith. In the case of each applicant for serviceretirement pension, the employment of the teacher had terminated oincially,the legally prescribed minimum years of teaching service were completed, andrequirements with respect to age (if applicable) were fulfilled. Each ap-plicant for widow's pension furnished proper evidence of her right to receivesuch benefit.
~Irinber'< Arhont trr//ce i'" Ammn]()r Y rH. 7):ate 1.elt.icitii.. ;21//4• 4,/' 11(„/lier Me"ther,x 4(:11:14 Mili. I):13·M Fri,lit lt:,tr
()pt:(ilicil Sc•n'ici• 14(·t:,(':11(':11 ien,i,).LS9458 Craig, Myrth· F.. ....1·'4,1-r,·11 ........ :;0-0-10 2/27/59 $2,790.·1099¢,0 Fayette, Nellie 'I'..... .M:inic·,- 1Clem.......·10-3-10 :;/ 1/59 2,851.7651!*52 Fossier·, Katherine II.- .19„wen High . -HRIS/<S &58*5RK 3.175.68
1.9::9.929961 Fremont, Ruby IC......Calumet High .9969 Grimilev Nina M......Substitute .........10-1-00 2/20/59 722.709964 Marlow, Nicholas .....54,·hui·z High .......26-4-00 .1/16/5,1 1,861.0,6965 Mason, James .4.....···I:ousevelt High ....39-7-00 3/28/59 3,810.0099 44 11:ittocks, .lohil B...... .1':ir·,·rital ...... .20-7-00 :&/27/5,) 1,7XX. 124,11; 7 Mattocks. M:iri,· I.......1 ':11·ental ..........20-5-10 3/27/57 1,715.64445·1 Moore, Melb:i A..,.····Wright 131·. Ji·. Cot..3,1-2-10 1/22/5,/ 4046.14'956 1<:ilph, Arinetta I•'......W'·st Pullman .....30-5-10 12/10/33 2,·11.1.28
4 '<impulsory Si·rrici, Refirem#'.it Pi,nxions!)939 Doyle, Florene<· M.....Hamlincy . ........38-0-10:1970 Haskell, Clara IC.......Copernieuv ....... .40-6-00 4 52#528 6-AM 8.21:9953 Hunter, F. Jean.......Ifookway ..........42-2-00 2/ 1/59 4,002.48*9962 Keating, Florence M...13urns .............11-8-10 2/ 1/59 3,970.56•SS29 Lee, Glen A............Schurz High .......36-6-00 2/ 1/59 3,132.72•8834 MeGlinn, Vera A.......Cli:yold ...........47-0-10 2/ 1/59 4,192.14•9968 Monahan, Bessie L.....Barton . .43-7-00 2/ 1/59 4,13!1.40•9455 Punkny, Edward G.....St:wart ..........26-7-00 2/ 1/59 2,557.44*9947 Heyner, Floyd A.......Schubert ..........39-1-00 2/ 1/59 3,71!).5 2!1957 Tarlor, Iiarriett C,....Hi,okwar ......... .45-0-00 2/ 1/59 4,25\.(4•*Elnelituxtent·her irtirril (Iftt·r re-*·mi,1,1 ?imi'nt on (1 temp,irin-1/ basia,
H moicK /'rn.:Wil.'
U..\-27 Meyer, Doilerip .....41-0-10 2/ 2/59 1,·100.01(trid,iu· Of //,·ni·u .it,·Ner. V,',INi„,1,·i·)
H.\-28 P:ic·ker Mndred T. .....................20-0-10 1/20/59 Sol.60(Widowl Of C,1,1,·,·114'4· R. l'il,·1:1·,·. 1)rn,i(„11'1·)
Summury 0/ ip ".8. x GrantedOption:il :,·1·vice l·elit·,·ment lieliStio!154........ -11C'„111puls<,ry :,·rvic,· retit·ement I),·nsions.......1011 i don·s ' Pen.ion:4 .............. .... -
On motion by Miss Mcvey, secon(led by I\Iiss Taggart, the recommendation ofthe committee was approved and the service retirement pensions and widows'pensions, listed above, were granted by the following roll-eall vote:
Ayes-JI r. Petrie, Miss M<Vey, Mr. Mcierdierks, Miss Taggart, Dr. Lally,Mn Whiston, Mr. Murray-7. Nays-None.
r..
.·\I,rit 17 385 1959
Appointment of PhysiciansApplication for disability pension was submitted with the recommendationthat physicians be appointed for the examination of the applicant.
On motion by Miss Mc'Vey, seconded by Miss Taggart, the appointment of thephysicians, listed below, was authorized.
Ralph Roberts, M.D., 636 Church St,, Evanston, Ill.Walter S. Priest. 720 N. Michigan Ave., Chicago, Ill.Oglesby Paul, M.D., 122 S. Michigan Ave., Chicago, Ill.
To examine: Mildred E. Gustafson, Tuley High School.
Revision in Rate of PensionThe Committee on Anmlities and Credentials reported tthat a statement of asalary adjustment by the Board of Education was received after the serviceretirement pension was granted to Catherine Byron. This adjustment resultedin additional pension credits to be considered in the calculation of I\IissByron's pension. In accordance therewith, the committee recommended (1)that her service credits be changed from 43 years 3 months to 43 years 3months and 10 daysi (2) that the rate of her pension be changed from$4,070.88 to $4,087.92 per year; (3) that the revised rate be effective onDeceniber 19, 1958, the official date of her retirement; and (4) that the recordsof the Fund be revised accordingly.
On motion by Miss MeVey, seconded by Miss Taggart, the recommendationsof the committee were approved and the above-descril)ed revision iii rate ofpension was duly authorized by the following roll-call vote:
Ayes-Mr. Pet:1·ie, Dr. Lally, Miss McVon Mr. Meierclierks, Miss Taggart,Mr. Murray, Mr. Whiston-7. iways-None.
Cancellation of PensionsThe Committee on Annuities and Credentials reported that the followingservice retirement pensioners have been re-employed as teachers by theChicago Board of Education. Therefore, pursuant to the law, the committeerecommended that the pensions of the persons, hereinafter listed, be cancelledas of the effective (late of re-employment.
i'..1,€..f lint i· 4, f 1,/, t.rn„,11_-~lkfdon Itc-emploiedCraven. Inez M. ............Service $2,697.40 4/6/59Moore, Anna I....... Xervice 2,3 OS.OS 65#5RNPierce, Ilelen 14. .......... -560rvice 2.20.12
On motion by Miss MeVey, seconded by Miss Taggart, and by the followingroll-call vote, pensions for the persons listed above were ordered cancelledon the dates indicated.
Aves-Mr. Petrie, Miss AIc'Vey, Dr. Lally, Mr. Meierdierks, Miss Taggart,lIz. Murray, Mr. Whiston-7. Nays-None.
April 17 386 1959
Outside Time and Military ServiceThe Committee on Annuities and Credentials reported that affidavits, or otherevidence, attesting to or certifying (1) service in the public schools of theseveral states or in schools operated by or under the auspices of the UnitedStates outside of the City of Chicago; (2) time spent in the military serviceof the United States during the pension period; (3) service as a playgroundor recreational instructor for the City of Chicago or the Chicago Park District;and (4) employment by the Chicago Board of Education as a school clerk arehereby presented for the persons hereinafter listed with the recommendationthat they be approved; provided that in the case of outside teaching serviceno more than 10 years be credited and also that the last three-fifths of theminimum term of service for which an annuity is granted shall be in the publicschools of the City.
Service Kervire (:reditiAlline or Men,her School (I)e,4,·rilitic)]i) (YrM. MI),4. 1)13-,0
Teaching St.rrice in itil,lic Scli,icils {ir Uncler ,iuspices id the U.S.Ball, Evelyn ........······· ·Aniericanization ..... .Teachin,r ..... 3-7-171101·ndt, Helen Hale ......... Chase Teaching ..... 4-0-00Favaro, Emil .....········· ·Stevenson ........... .Teaching . 0-6-15Hayes, James J......········Monteflore ...........Teaching ···· AG-00Hendricks, Jack T....······· Trright Br. Jr. Col.....Te:iching ... 1-1-10Siegel, William ............ ·Steinmetz High ...... /reaching ......... 1-·1-00Sustek, Laura D...... ..Nobel ................Teaching ....· 0-S-15Taynior, Ruth Kraus,..·····Sub.Mtitite Teaching . 8-4-00
Military Scrrice of the Uniti ·(1 Sfiff ,·sHendricks, Jack T,,..·······Wright Br. Jr. Col.....Military 3-1-10Pasch, Marvin ..... .······Substitute ...........Military 2-0-00
Employment in Other (Ihicagn Gorernmental UnitsAnderson, Norman L.........Playground ..........Recrentional Instr. 5-0-03Dierks, 8, Pearl Steinmetz High ..... .School Clerk ...... 1-8-05
On motion by Miss MeVey, seconded by Miss Taggart, the outside time andmilitary service for the persons listed were approved by the following roll.call vote :
Ayes-Mr. Petrie, Miss McVey, Mr. Meierdierks, Miss Taggart, Dr. Lally,Mr. Whiston, Mr. Murray-7. Nays-None.
ADJOURNMENT
On motion by Miss Taggart, the meeting adjourned to meet at the call ofthe Secretary.
Recording Secretary, Pro Tem.
June 19 3Si 1959
REPORT OF THE PROCEEDINGS
OF THE
Board of Trustees
OF THE
Public School Teachers' Pension andRetirement Fund of Chicago
Regular Meeting-Official Report
Friday, June 19, 1959
A regular meeting of the Board of Trustees of the Public School Teachers'Pension and Retirement Fund of Chicago was held Friday, June 19, 1959.
The President, Mr. Petrie, called the meeting to order at 2:00 P.M.
The President, Mr. Petrie, appointed Dr. Ann M. Lally to serve as RecordingSecretary in Mrs. Light's absetice.
ROLL CALLMembers present: Mr. Petrie, Miss MeVey, Mr, Meierdierks, Miss Taggart,Mr. Murray, Dr. Lally-6.
Members absent: Mrs. Light, Mr. Caples, Mr. Whiston-3.
APPROVAL OF MINUTESOn motion by Mr. Murray, seconded by Miss Taggart, the minutes of theregular meeting of April 17, 1959 were approved as printed.
June 19 388 1959
REPORT OF FINANCIAL SECRETARYFinancial Statement
January 1, 1959 through April 30, 1959IN,-ICK'[',l ICFT UNCOUN'I'
Ini·€.Antent,4, .izinunry 1, 11),;D :it I'nr Valit{.Bonds of the United St.ites ami of the
State of Illinois :trid it. sul)divisions. .$31.59S,217.54Porporate bond: .... ... 16,28·LOOn.00Chic·:uri, Board of Education G';
tax anticipation warrants ........... 100.00
Total . $·17,002.347.31Acid total invested 15(I,noo.on
44,332,3-17.54Deduct bonds redeemed ;·10.000.60
1,7,·e.E :Ii«.ntwi April :10.1950 nt I':ir 1-nlue8.71,1. of the I-nited Stat,-: :,11,1 of the
Stat,-· of Illinois and its .111)dir·i.ions. 31,460.2·17.54Corporate bonds ................... ·· 16,132,000.00elne·:ign Boarcl of F.clueation 69
tax anticipation warranty ........... 100.00
'r„·1' U. INV].s'l',fl:NTS. .11·Ttlt. 30, 1!)59... $·17.892.347.54
RECEIP'i'% AND DISIH I{NIC)!F.N'l'%
Cnih nzilnner, J„nunry 1, 1951)Cash-City Treasur,r ... 259 728.79Cash-Contin:rent fund . 4,431.19 5 261,159.93
RECICII"I'MIn,·eitiat~nt Ilic,nme
Inter-ovt ineorne, long-term yerill·ittes......... 482,199.4.,Interest income, tenn)01·ary investments. 5,265.43 1 ST,11;5.19
Hon(134 liedeerned :It Par Villue. ........ .138.000.0,1Cort)(irnte Hirm]M Ctilled for 1'113·titent ... 2.035.601. 0. Trenx,try nit]#4 Rederined nt Fi,Mt. 1,891,734.57Inc·irme from 441:ite Diwirll)liti,r Firnd.... 136,187.35Tar C'¢illeet[(i,IN liemitted 10 11ic· Fund
T,ovy for 1952 and prior. 10.272.22Levy for 1953 . 12.489.36Levy for 1951 .....··············~ 12,358.97Levy for 19:55 5.747.19Lovy for 1957 ........ . 89 . 128 . 7 .1 129 , 996 . 15
C Intril,itticin,4 1)y l'firt|/it)11 11(,4 <Silinry T)/clitrtic)1, M:)lt€:Mularly nppointed teachers . 2,OSI,841.10~;;bst 1/trtrijt~loojr, t~npol·'ir·il v appoint ed trarhers:
2,32 1.00 2,116.211.20322.079.19
CrnM]a I'nymentw to Fund hy I'lirticilmit,4Chicago teaching service. 116,591.16Other Chirago service an(1 01!tsicle tinic'. ......... 11,698.09Int,rest . 6,542.52 134.831.77
MiN«•elin n folIMRplmi, 11 :·Rement for uneartied pension payments ....$ 652 . 71(ilft from Alma M, Hunnernan. ....... 10,000.00 10,552.71
TOTAL RECEIPTS JANUARY 1 T][RU AI'lln, 30, 1959... $ 5.650,047.95
TOTAL RECEIPTS AND BF:GINNING 11.fLANCE. 5 5.911.207.93
r
J,1,1. 19 389 1959
DIWURNICMENTH
Refuria,IM (,f ,!r],11)er.C Con~rili,ition,4, (lue tnRe:igriation of regularly appointed teachers......3 101,614.58With(11·:Iwill of sill):tititte 01· te,111)01·arily :11}1)ointed
teachers 51,356/55Helin·ment of unnbarrit'(1 mal; to:whers *widow':
P'„M.11) 2.SS 1.13Service in excess of 15 yeary:...............,...... 4.070.15Ch:ing,·: in rat,·s of contribution ........ 215.92C:knerllaticni of outsi(it' tink· credits. 214.25 5 163,382.61
14·11»1„11 lind 11,·tic•ilt 1'113·,IirialM
St·rvic·e retirement ........ .58,]52,S·19.03Disability'. 53,819.01Widows' ............... . 23,296.6714/ersional·y .....········ · 2,467.24
3.2:12,·132.78-·\(1(1 Iihie Cross-Illite Shield premiums
... SO.999. fix
3,313,432.46Deduet Illut, Cro>*-Blu; Shield
pre iniumy; withhelcl .. .... SO,973.24 3,232.459.22
Refumb; of contribution. ............. 65,631.51Single-sum benefits on (le:ith in 34rn·ice ·15,500.00Binfrle-Mum benefits on death of
Pensioners ...·····················~ 5500,0 116,631.51 3.3.19,090.73
.tilminbdrati,·r Extit·nveSalary expense:
Net salaries paid................... 26,·114.:10Contributions for pension ......... 2,324.00Blur· Cross-Blue Shield l,rerniums
withhold 867.2SIncome tax withhold ............... 5,850.60
34,956.181·,171 1,loyer'M Share Bille Cro.4
5.1.00 35.010.IS
Professional services:Auclit for year encled 8/31/:A.-Pent,
M:,rwiek, Mitchell & Co .......... 4,200.00I,(·Fral-Ifirkland, Ellis, I·Indson,
Cha ffetz & Masters (9/18/58-3/18/59) 2,500.00
~Iedical .............. 36.00 6.736.00
0111,·e facilities:Rp;it-,1 nloilth: ... 1,745.10121,·(·t!·i'·iti· 171.25
/ 1.., Ir79·1'~1~~~~~~~~' . 217.TO -...'..0.,
T,il)111:iting service:T,·:.·17,·i·K' c·(,ritt-ihiltion crodits hy
];(1.11·cl of Ecitic·:ition ........,..,.. 1 665.12Actuarial and im;uralice statisties... 3.117.711,ension payroll 1.1110.1601!irt-· administration ...,,.,......,, 12:,55
14(1.25 6,137.391trferenduni ...··················
Onice expense:Oflice HUI,ilies ... ... ......... 1,221.11Postage and expres: charges ... 2,1:;-1.18Crinferem·e table 141.30Mninten;lnet. of equipment ..... 2,fl.24134)11(1 and intel·est collection ... 113.1 8 3,964.09
June 19 390 1959
DISBURSEMENTS (Continued)Printing:
Office forms and supplies...........$ 1,458.59Proceedings ........··············· 1,607.25Manual of information............. 563.50Bulletins ......................... 2,838.35Referendum supplies.............. 594.60 $ 7,062.29
NIisce linneous:Professional association expense ... 164.00Trustees' expense (conventions, ete) 249.95Legislative expense ....... 424.23Referendum expense............... 8,250.64Insurance premiums............... 198.44Notary renewal fees ............... 4.00 9,291.26 $ 70,635.56
U. S. Treasury Bills Purchased at Cost. 1,595,495.50Long-terin Inve,4tment,6
Bonds purchased (par value) 450,000.00Plus premium 1.732.50
151,732.50Less discount 4,312.50
Purchase price...... 4·17,420.00Accrued interest paid . 225.00 447,645.00
Mi„cellaneouM 771.33Unclaimed checks replaced.............................
TOTAL I)]SILLUS}2,11:NTS, .TANU.fin' 1 THRU AIWIL 30, 1939.... $ 5,627,020.73
Cn,Gh I]nizince, Aprit 80,1959Cash-City Treasurer . 282,603.43Cash-Contingent fund 4.583.77 1_2AL187.20
Respectfully submitted,GEORGE 0. MEIERDIERKS,
Financial Secretary
On motion by Mr. Meierdierks, seconded by Miss McVey and by the followingroll-call vote, the four-month statement of the Financial Secretary for thePeriod from January 1, 1959 through April 30, 1959 was approved andordered printed in the proceedings of this meeting.
Ayes-Mr. Petrie, Dr. Lally, Miss MeVey, Mr. Meierdier·Ics, Miss Taggart,Mr. Murray-6. Nays-None.
Junc 19 391 1959
REPORT OF COMMITTEE ON FINANCE
Reimbursement of Contingent Account
The Committee on Finance reported that receipted bills, cancelled checks,bank statements, and other supporting documents covering expenditures fortile period from April 9, 1959 through June 8, 1959, inclusive, and totaling$1,320.04 were audited.
The committee found that expenditures had been made properly and recom-mended that this account be reimbursed in the aforesaid amount.
BillsThe following bills were presented with the recommendation that they beapproved and paid.
At!114 Stlitic,nerM, Ine.:4/30/59 Oince supplies ... .$ 86.345/28/59 Oilice supplies ....... 36.62 $ 122.16
11«):ard (if kiliention of the City of Chicago:4/23/59 Preparation of tabulating cards showing teachers'
Salary deductions from each payroll period from1/1/511 to 3/31/59 253.64
E. in liciehill Compirny:2/ .;/59 MimiN,graph gui)])lies .... 12.00
Crittitry Venetian illind .2 S]inde (In.:6/ 9/39 2 1)lin,14 46.40
Cleaning and service on 12 blinds . 46.64 93.04
C„lirlime C 'cirporati«)11:5/ 1/59 Supplies for photocopying machine 56.05
J. Coley. Inc.:5/20/59 10 ollicre ch:Lirs 22·1.TO6/ 1/59 1·'1·eight clmrges for chairs ..... 6.2 3 22 9.93
l[:Iye,4 %1nti,dienl Service, Ine.:4/23/59 Actual·ial and insurance statistics. 4011.5{)
t„ 14·1"ion 1"1·1·011 changes for April lind 11:ki· 19:59... 45.306/ 2/59 Ollice administration ..,.,.,........... ·········· 66.25 541.0;
E[r]:1:Ind. I·.11[M. 1¥4,(IN,)11, Clitin'etz .C 1111*L'rN:6/18/59 Li·Knl :iiI·viuw frum *18/51} to 6/18/ 59 1,250.00
I.:IM:alle X:ati,iwiial linnk:3/20/59 Anal>·six of ti·listees' in,-estnient por.'rna ..... 1,760.006/ 3/59 Investment ecizinseling from 3/1/59 to 9/1/69 9,010.21 10,760.21
314•Cic,rnairk :iml liciider)¢(}Ii, Ine.:4/ 1/59 Printed forms :111(1 Mill)1)lies ,.,. 398.50
to Rei)01·t 01- Febriary proceedings . 44 4.305/22/59 Trustees' bulletin 5/21/if) 46(;.06 · 1,SOS.56
Milri,hy & Miller, Inc.:5/2J/59 Sel·vier on ilit' Con(litioners . 82.60
York Stint·kel ec,oler ....... SaG.:11 54$.91
June 19 390 1959
DISBURSEMENTS (Continucd)Printing:
Omce forms and supplies...........$ 1,455.59Proceedings ....................... 1,GOT.25Manual of information............. 563.50Bullistins 2,838.35Referendum supplies .............. 594.60 $ 7,062.29
l Miscellaneous:Professional association expense... 164.00Trustees' expense (conventions, etc.) 249.95Legislative expense ............... 424.23Referendum expense............... 8,250.64Insurance premiums ............... litS.·14Notary renewal fees ............... 4.00 9,291.26 $ 70,635.56
U. S. Treasury Bills Purchased at Cost. 1,595,495.50Long-term Inve,6tnient,1
Bonds purchased (par value) 450,000.00Plus premium 1.732.50
451,732.50I.eys discount 4,312.50
Purchase price...... '147,420.00Accrized interest paid · 225.00 4.17,645.00
M[*celizineouM 771.33Unclaimed checks replaced
TOTAL DIS!51 1(SEMENTS, .1.iNU.<]cY 1 THRU .littiL 30, 19,59. CTR020.73
CnMh 1111]ance, April 30, 1959Cash-City Treasurer . 282,603.43Cash-Contingent fund 4,583.77 1__287.157.20
Respectfully submitted,GEORGE O, MEIERDIERKS,
Financial Secretary
On motion by Mr, Meierclierks, seconded by Miss MeVey and by the followingroll-call vote, the four-month statement of the Financial Secretary for theperiod from January 1, 1959 through April 30, 1959 was approved andordered printed in the proceedings of this meeting,
Ayes-Mr. Petrie, Dr. Lally, Miss McVey, Mr. Meierclierks, Miss Taggart,Mr. Murray-6. Nays-None.
June 19 391 1959
REPORT OF COMMITTEE ON FINANCE
Reimbursement of Contingent Account
The Committee on Finance reported that receipted bills, cancelled checks,bank statements, and other supporting documents covering expenditures forthe period from April 9, 1959 through June 8, 1959, inclusive, and totaling$1,320.04 were audited.
The committee found that expenditures had been made properly and recom-mended that this account be reimbursed in the aforesaid amount.
Bills
The following bills were presented with the recommendation that they beapproved and paid.
At]11,4 St:111(mer,4, lIne.:4/30/59 Omce supplies ......... ·$ 86.345/25/59 Ollice supplies ..... .. 36 . 82 $ 122 . 16
nonrd of Eduention of the City of Chicago:4/23/59 Prolial'ation of tabulating cards showing teachers'
sulary deductions from each pa>·roll pei·jod from1/1/59 to 3/31/59 253.6,1
E. 'W. lioehi:i Conat):1113·:2/ 3/59 Mimeng!·nph supplies ... 12.00
Century Veneti:rn Blind .f: Shnile Co.:6/ 9/59 2 blinds 46.40
Cleaning and service on 12 blinds . 48.64 95.04
C,)1)1:INT ('(irt)(}riltion:
5/ 959 Sum)lies for photocopying machine . 56.05
J. Coley. Ine.:5/20/54 10 ollice chairs 6.2" 224.93
221.TO6/ 1/59 Fl·eight charges for chairs .
liziye* 34(nti,dical Service, ]Ine.:4/2.6/59 Actimrial and insurance statistics. 409.30
t () I'rn:ion I);LY,-c)11 changes for April und M:,3- 19.54 . 15.:NO6/ 2/55 ( Unce : 1 (irilinistration ./...... > 6 . 25 341 . 05
Kirk!:ind, Ell[4, 1Ii)(IN„,1, C'.hillietz & MuderM:6/1,/59 I.eK:,1 servic·,·,3 froni :t/IS/59,1 to 6/18/5fl ....... 1.254).1,6
I,nt:&11*· X:111(,!1:~1 1;:tnk:3/20/59 Amilysis of trusterv' inn·stment miwel·F ····· 1.750.006/ 3/Of) Investment Cozinselinir from 3/1/5[) to 9/1/59 9,010.21 10,71;0.21
~IrCormirk zind liendernm, lite.:4/ 1/59 Printed forms :ind sIiI,plies ..... 39 Q.50,to Report of le,brwary proceedings · 444.305/22/59 Trustees' bulletin 5/21/59 ..... 466.06 1,SOS.SG
Mur,illy & Miller, Inc.:5/29/59 fervice on air conclitic,ners . 32.GO
York Snorkel cooler ....... 5,6.31 569.91
Jur,2 19 392 1959
Bills Coontinucd)1'113'Micinn#4:
5/ S/.59 P:izil Oglesby, M.D., Ex:unination of Mildred (; Ii:tafson ..... 3 30.005/ 8/69 Walter S. Pric·st, 11.D., Ex:imination of Mildred Gustafson . . 25.00I'llney--11(ni·e~, Ine.:
6 / 1/59 Postage meter rent ., 1 4 / 1 / 59 thi · 011Kh S/31 /59 . .... . 30 ./ 4__515.288.75
On motion by Miss Taggart, seconded by Mr. Meierclierks, the foregoing re.ports and recommendations of the committee were approved. Reimbursementof the contingent account and payment of bills, listed above, were authorizedby the following roll-call vote:
Aves-Mr. Petrie, Miss MeVey, Mr. Meiel'clierks, Miss Taggart, Mr. Murray,Dr. Lally-6. Nays-None.
Refunds and Death Benefits
The Committee on Finance reported that documents pertaining to claims forrefunds and cleath benefits for persons liste(1 herewith were examined andverified. Evidence from Board of Education records shows that applications forrefunds on account of separation from service were made by persons no longeremployed as members of the teaching force. Claims for refunds of con.tributions and for benefit* payable on death of teachers and 1)ensioners Weredetermined after certifying dates of death and establishing proper evidencefor each beneficiary, administrator or executor. The Conitilittee recommended,therefore, that refund, ariel death benefits be granted for persons listed here-with in tile amounts specified.
The committee reported further that other refunds to contributors, listedherein, were paid at the time reports on audits of such contributors' accountswere submitted. All such refunds were due to changes in rates of contril,u-tions for creditable service or to other required adjustments in the applicationof automatic increases in rates of contributions by the Board of I':(lueation,It was recommended thal the payment of these refunds be confirmed andapproved.
liefilid,4 :1/4. lt«•Alizi,Iati„,1 4,1 1<r;Atill'rib' 1':11;])1„,;(I .~1*·i,11)4·ri:
.lkins. Alic,· M. ······ ~155..,.,.\11,1,·1:'i,11, 1 )(,1-(itlly l:.Angm, Itital)ul)llr)w ·············
8:17.1()827.11)Hernham, Inana M, 241.(1(/Hinx,·r, I,en[,re H. ·· ··· ··
1#:izi(·1, Jack ······· ····~~- ~~~Brownt·, Christine K. 2,·197.·10
1,1;.(111<'211111,1)(·ll, Nor,·eli (1 ·····('hnst,·11.4(·n. 1)„1{)res M. ... ..~.....('offey, Ii,·raid C. ........... ..... .. I . 1,1 %().,;(1Connors, Rathh·en X. ············ ·· "7*'.51)COUSS(·213, 1{:n·:i .ht>:t.··· ·· ··· ~~~~. 1.1)73.:in291.00Imvidion, Dorothy L. ....................
0:;5.5/1Numeld. Mun· AnnDwyer, Mal·y :\ll,1 i ....... ....... .. .... . 4,06. Of)IC:till,·s, 1-lili·n Claiwv ······· ··· ··Mth,·redge, .1(,:in 1-I(,ran ..··· ··· ··········· ···
2,454.451 , . --Futtr·rman, 1*imi 01<.1,11 .. ..21'. 1 .1
Jt.% 19 393 1959
Refunds and Death Benefits (continued)
Itefirn , 14 1 / e IteMignation of Itegitiarly Emt, loyed lientlierM : ( continited )
Geiger, Thelma R. ........*. .$ 365.Of)60.00Gl:ium, Grace H.
Goltz, Annette ............. 1.269.50171.1·1
Grt· 2.11, I,ili,q·ty(~:itlierine . :nul.002·11).00Halloran, Mai miret C. .....
It:irk<llpi·, 13:~i·1):it·:1 L. ....... 15.1.SHer:ity, Clare A. 9.12.0
CZ
Iriziic']blcioni. ]Cclith 13. ..... 777.50I·Iirsch, Burton . ..... 960.2.1Jankowvki, Betty . 1.6SS.25Jennings, Florence .... 313229Jun:r, Dorothea C.Killian, H:inn:th ........... 960.60Klein, Naner Hipskind ..... 239.·10Kroll, parili·11 IC. ........... 325.ASLor·ine, Florence P. .... 1,269.75Lowl)in. .T:irlin S. ........... TSR.00Lillis, Dorothy D. ......... 336.Ort
099.00Imc·ker, Phylli: IC. .........M:inczak, Antoinette R. 2,132.70Mat·tell. Joan E. ........ 423.00MM"x, Joan L. ............. 2·10.SO
562.05Mich:11:11:, Marilyn H. ....... 212.·10Minner, Arleen J. . .. .. . . . - 41 t.onO'Brien. Barbara M. S. 4(19.·1001:en. Mary J:ine ........... 1,0·11.00Plotnic·k, Elynm·r P. ....... 621.90Purze, Marcia W. 321.'SRich, F.tty . 680.40
166.SiRichards, Len,10 ......····•··Richinan. 13£ilit-'t te M. ....... 566.40Roche, Mnrin Teres:i ....... To.00Rosenbloom, Rivian I.,.... 3:;6.00,Sal:irio, Sol . 124.00Schirnmelman, M:ivy M. A. 435.90Schlumhorger, Eldine . 911.50
3 *7.90Schir·:11·tz, Edi. .........Set·im. Shirley M. :,St.00Shea. Mary Ann .... 753.75Siegel, C:11·01 M. ..~.~..~~. 316.50Swihes. Dolores R .... 745.6 587.alinski. Grace F. 890.31Townsend, Robert D..... 2,133.#nVeneris:, IT„,1 ..... 270.50Wagner, Janno S. 6,11.0,9Waller, Marlene S....,... 564.00-Weiss. Flora L. 211.50William/, Elizabeth ..,.. 223.79Wippman, Carol ... 315.00 $·14,540.35
Refirn,14 11/(' Sepnrittion from Sen·ler of Sul,Mtitntecir '1'112:1„,rilrily Enit,Iny(·d 'rencher,4:
Aliclet·Bon, 1Culn L. ....... .. 5 103.50Anderson, .Tzilin n......., 380.25Arn:un. Arnold ... ········ 5/15.7 9
01.10Hai·thel, John G.liart tinek, 11:11]la A. ....... 25S, 90Brady, Jaclyn C. 127.50Brennan, John T. 901.71,
4%3.49Brewster, Robert L.14 1· in, non= A. ..... ......Thiehendler, David ....,,- i]}re,;Burrhsted, Marilyn J. .,... lof.00Caplan, Cecelia B, 4 Ag.65Carlson, Kenneth E. 114.7.1Carter. Perrin V.......,., 12,00011:113(ller, Nicholas G. 1.021.20Christophr, T,elenx· M., ,Tr. 41,f..1Cohen, Flornler ITark ..... 27.00Dal Santo. John . 70.36
June 19 394 1959
Refunds and Death Benefits ( Continticd )
Refund,1 11/c Sepnrntion from Men·Ice of Sul,Mtituteor Temporarily Employed TencherM: (continued)
Davis. Anne II. ............. . 5 12.7 5Davis, Felice H. ............. ·1:;S.11(1Dionise, 1 85.85Ellison, Tenjpie B. ......... 185.85Engel, Alan S. ............... 864.1,1English, Walter M., Jr. 2 89.71FitzGerald, Maureen ....... 132.00Fredrichsen, Richard F. . 85.90Gloria, Jesus J. . 576.SOGoldman, Marvin M. ......... 641.19Greene, Christine Page ..... 240.00
Hale, Catherin'e L.' ........... 60.(11)56.2S
Hennke, William R. ........ 33.76Holloway, Simeon O........ 300.00Hc)lmberk, Cynthia B. 36.00Houston, Eva Mile ........... 6#1.90Hudson, Sally L. 0 - I onJames, Alva E. ............. .1,8.40
48.00Kreuzer, Alfonso . 16.31Lacy, Mariene .............. 218.55Larsen, Ki·ie 13. ........... 120.00Lewis, Rita F. ............... 216.00Lindwall, Wilbert J. 118.16Lyday, Ja>·ne Black ......... 318.15Mahon, Charles Thomas, Jr. 114.17Miller, Dianna . 144.90Miller, Marnie M. ........... 117.40Naiman, Yossel J. ....······· 30.00O'Connor, George R........ 1·17.36O'Hern, Veronica M. ........ 48.00O'Mullen, Doris E. ........... 127.50Page, Ethel Ler. 237.00Pelly, Frances Diane ....... 12.00Perkins, Adelle C........ 72:1.00Peterson, Luanne ........··· 66.15Prleur, Bernice .........···· l S;.55Rasmus.gen, L,1 Vern V. 26.10Ratteriljury, Elizabeth C... 26.10Rhodes, Rov E. ... 576.SORistoff, Esther . 380.40Sawusch, Robert F.......... 99.00Sehweic'h, Shirley C. ..········· 131.·10Si·e>ul, Thomas J. 342.40Shapiro. Elennor ........... 147.15Shaw, Throdore R.,....···· 462.(HOTaylor, Mareo IT ......... 71 6.2XToll, Jeri·inc· P. ......······· 67.05Tran,kino, Roger K 175.34Turbow, Phyllis Y. ......... ·100.35Tyrell, Donald .1. ....······· 225.001 echi, Mitsur) . ......... 285.00Werbel, Phylliss T. ..········· 13·1.25VOtzel, Albert C. ...········ 61.%7WilliR, Marilyn M. 25·1.10Wister, Charl .1 I·'Mric!:1. Jr. 135.00Zoitz, Marilyn Yates .······· 540.90 520,505.20
Refund,4 of Aectint„Inted C'ontril,ittic),14 (rn DI•:ith:
BeaMley, Mar·y Louise (,/nincm Ig'. 11'fide,/,fl'/m I iligtrator) ..... ........$ 743.90
Campbell, Earl W. (Catherine'L. .12!,er<'14;neticifi, i/) ···· 3,711.19C ' hrincellor , Eclnn T , ( 1 ·~di,·i,„1 12 . Ch ,11, 1 ·,· 11 <ir , lifir )...... 5 , 119 . 90FelM, Ann G. (·101*rph F . Fella . 11 (ir ) ..... 722 . 00Fineir :ln , Virwinin R , ((Hive M . Finrs/(M . 1) fnrfici{trw )... 5 , 230 . 90Glov <, r , }·Iele ,1 H . ( NCIRMI (1 . Glorr · { 1 , 1 , 1 Mitrqu ;)·itc A .
//ari·i.9, 44·ne/irin ,-ie.9) .... 1 132.40Groetic·t·, Madeline L. 67011,1 J. 14(·lan, admfii Ntrator) .. 6,073.901-Ir, rrick , TV 'llter n . ( Rilla L. 7. ubri·, lic }irfli·im·, 0 5 , 55 ·1 . 7 0Hogan, Kathryn F. (Jam£8 W. Hogan, benettriarl)..... 5,661.76
June 19 395 1959
Refunds and Death Benefits (continued)
liefund „ „ f Xecumultited Contrilnition~ on Death : (cotitintled )
Lombard , Shirley ( Edtrard n. Lomburd . benellriarit ) ....$ 51 .60Me ])aniel , Berth : i ] C . ( 7 ' he .Voi ·ther , 1 7 ' nult Co .. ( nreutor ) 2 , 531 . 22Nash, Thomag A. (/'c:tricin .3-11.4/i (;askri/. 11 illiam X,18/1.
Ci,101 .1-(r.Yh lf,·,iti·,INk,/. hi'ir.9 (Ind 7'imoth 1/ Xa:,11 and. lfai-,/ /.'//(' 71 .Va .41; . minor heirs ) .... I . I . I . 1 , 152 . 4S
Nolan. E,drul M. (1/ ,-rnda.,1 K. Xomn and .·lnna M.1'*it:.Nimmons, brilericinrif',,0 4,26·1.15
O ' Shea , Margaret I . ( 1·:(| trm·,1 11 . 0 '8lara . Crrelitor ) ..... 4 , 927 . 90Rider , Evert A . ( Lillitin J , 1: ider, 1, eneticinrli ) .. I . I 163 . 110 $ 50 , 357 . 20
Nitigle l'nyment Ile:wfit (rn Denth (,f Teneherx:
Re „ sley , Mary Loiii „, (,1 (13 }, CR E . 1 ;r , 1414')1, actininiatrator) 750 . 00Camlibell , Earl W . ((.1 (ithe }-inc L . Mlten. wife ) 2 , 500 . 00Flnegran , Virginia R . ( Clive M . Fines,im . benellriar !/). · ., 500 . 00Glover , I -Ielen H . (.irl·90 , 1 G . (; lourr and Margiterite A .
Iini ·rix , bent ·B (' ifiries ) ./ I . I . .... I 2 , 500 . 00Gmener , Aridelino L. W ,) 1 n · 1 . Phclan , admin , 81 ,·citw-) . 2 . 500 . 00Herrick , Walter B . ( Rilla L. Zill)*·1·. lic ,irllrini ·,0 .. I 2 . 500 . 00Hogan, K:ithryn F. (James W. Hi,grin, brnf'/if·ia;·1/) 2,500.00Menaniel , Bet ' thil E . ( The Nfirtliern 'i 'rust f ' o .. c.r,·mtor ) 2 , 500 . 00rash, Thoman A. (/'fit)-ir·ir; X-c:Ah (7(iNke,/. 11 illirim .Vash.
Co,·01 .Va.91, /5,·ritri;.1.·i/, 1/fi,·R frn</ 7'imothi, Xn.fli (171,1.lffir.,1 1·.'Urn Xn.·di, minor licir-8 ) 750.00
Nolan. 1.:dna M. (/1 renchin K..\-0/an (Iii/ .binir .lf.Fit:ximmon<. brnrth·in,·in) 2,500,00
O ' She :i , Margaret I . ( Edward B . 0 '>714 ·, r . r ,rfrutor ) ,.,.. 2 , 500 . On 24 , 000 . 00
Mil,Ble 1'113·tient Ilenellt cill Dell(h or '1'encher-1'enMioner>4:
Mc · Kenna , I - ni · otta 13 . (· lolin F. ) frKentlit , William . 1 .Mclfruna (111,1 Mar!, Flfirrnre Mekn, brnrriri~trkR) ..... 500.50
Mitchell , Daniel P . ( Littifice L . Mit ,·liflt . hclictirifir?0 ... 500 . 00Rover , net· nice S. (Murrcit, T. Ron·i ·, bricriciar,/)...... 500 . 00 1 , 500 . 00
Reftind of Contril,Ittion M for Meri·ice hi 1·21:eeMM „f 4,5 1 4'IlrMiii the Amirnnt At,[illeal,le :IM :lit C)trget to liar ])rliriency forMer, irc• Prior 10 July 11}31 :
Briody, Frances . 915.Sl 919.84
Itc·firn,14 :i/r XdjliM(illent,4 in Rate,1 (if C'ontrilitaticmM:
2.89J·T„ffernan, Mal·garet M.Julien, Virginia TV. 15.75Iratof, Aldonfl
23.001.00
I,ob,·tski, Dorothy ......14.00Levy, Eugenin. H. ....... :7.43Mathes, Mary C. C. .....
Munvon, Murgal·et F. 17.00Neary, Ann G 16.00
1.SSPankinv. T.crka . ········ 14.20N O M.. ,, Y;, 1 or e 14 . ....., . 2.70 146.25
$141.998.84
On motion by Miss Taggart, seconded by Afr. Meierdierks, the foregoing re-ports and recommendations of the committee were approved, Expendituresfor the payment of refunds and death benefits were authorized and confirmedfor each account shown above by the following roll-call vote:
Aves-Mr. Petrie, Mr. Mcierdierks, Miss Taggart, Dr. Lally, Miss McVey,Air. Murray-6. Nays-None.
line 19 396 1939
Duplicate WarrantsThe Committee on Finance reported that the persons name(1 below requestedduplicate warrants in lieu of the following described checks which were re-ceived and lost. Afndavits certifying these losses and in each case indemnify-ing the Fund against any liability, claniage or expense which may result byreason of issuing such duplicate warrants were duly filed. Therefore, theconimittee reconimended that warrants be issued to the persons named belowin the amounts indicated.
1/line .1!31(,1!Ilt Num/Der I) 1/1/. 1'[tri,i,4AILLIns, (il·.le,· 1'. .........$ ;0.01-1 , f;\19 1/38/54 !'4•n:ion i ;11 ni,·lltElane·, Agn,·s V. ...,...··· 235.2.1 ilXf,2 3/31/59 Prm:i„11 1':trmentCarmody, Elizabeth ....·· 2.10.00 11(,%7 11/30/54 1,1·11:i(,11 1';1,11,·til
On motion by Miss Taggart, seconded hy JIr. Meierdierks, the recommencia.tion of the committee was approved and the wan·ants were ordered drawn bythe following roll-call vote:
Aves-Mr. Petrie, Mt: Meierdierks, Miss Taggart, Dr. Lally, Miss MeVey,lIt·. Murray-6. Nays-None.
Order for Purchase of Bonds
The Committee on Finance reported that it had examined the ofrerings of'securities described herein and recommended that they he acquired at thePrices noted plus accrued interest, thal they be registered ns to princripaland that the executive secretary procee(I rvith their purchase.
~!1~(DIIIal Drveriliti,in „f ]1(in{IM I)nte ~,f Inite of T,i1 1':ir V:title) · i:ime „f Firm IMNIIK M n ttirity Yield
-
11:tilri,11,1 1·:(1 Itiliment 'I'r,1,41 ('prtilic•:Ilc..
:250,000 Chicago, 1,tirlington & Quin{·r 7/1/59 7/1/71-72 4.70(6Railro:icl -192,; 1.~fillitimc·ittTrust Certifient,·s
Salomon Bro.:, & Hutzler
On motion by Miss Taggart, seconded by ~\It'. Meioi.(lierks, the above describedsecurities were 01·dered purch:140(1 and the executive secretary was authorizedte proceed in accordance therewith, by the following roll-call vote :
Ayes-Mr. Potrie, Dr, Lally, Miss Mevey, Mr. Meierclierks, MisM Taggart,Mr. Murray-6, Nays-None.
Purchase of Bonds Confirmed
In accordance with the advice of Stanclard & Poor's Corporation, investmentcounsel, and in a mail vote prior to the date of this meeting, the Committeeon Finance reporteel that the following securities were approved on the yield
r
J./1( 19 397 1959
Purchase of Bonds Confirmed (:,ititiii :ted )
basis noted plus accrued interest. The committee recommended that thepurchase of these securities be confirmed and that the bonds be registered inthe name of the Fund.
jill,Dil:1' I)r.:crilition of Ilii,)41.4 I) ti 'e lizi'*. <,f To1 1'11 r 1-:,litr) Annic iii' lir]:i 1./11(·(1 MIM/N. 1-i'.1,1
Industrial Corporations$100,000 Natic)11.11 St,·:1 01)111(,1:ition 6/1/59 6/1/89 4.7.19:
'1 -'k'i; Fit·>42 110·tgage HondsHarrinmn Ripley & Co.
On motion hy Miss Taggart, seconded by Mr. Meierdierks the above trans-actions were approved and confirmed by the following roll-call vote:
.Arcs-lIr. Petrie, Dr. Lally, AIr. Meierdierks, Miss Taggart, Miss Merey,Mi·. Murray-6. Nays-None.
Authorization for Additional Telephone Service
The Committee on Finance reported that due to a substantial and continuingexpansion in the Fund's membership and also to a marked increase in thescope of its operation, a reorganization and extension of ofnce facilities wasam~roved on Aprn 17, 1959. As a part of this program, an extension oftelephone facilities and ine:~ns for inter-omce communications are required.The revised rate quoted for these services by the Illinois Bell TelephoneCompany is $47.35 per month plus taxes.
The committee recommended that the additional telephone facilities be author-ized and that monthly services at rates indicated above be approved.
On motion by Miss Taggart, seconcled by Mr. Mcierdierks, the recommencia-tion of the committee to authorize the additional telephone facilities at therate of $47.35 per month plus taxes was approved by the following roll-callvote:
Apes-Mr. Petrie, Dr. Lally, Miss MeVey, Mr. Meierdierks, Miss Taggart,Mi·. Murray-6. Nays-None.
Audit for Fiscal Year Ending August 31, 1959
011 motion hy Mis*A Taggart, seconded by Mr. 1\Ieierdierks, the Board author-ized lhe firm of Peat, Marwick, Mitchell & Company, certified public account-ants, to make an audit of the accounts and recon|: of the Fund' for the fiscalyear ending August 31, 1959, by the following roll-call vote:
Ayes-Mr. Petrie, Mi·. Meiordierks, Miss Taggart, Dr. Lally, Miss Me·Voy.Mr. Murray-6. Nays-None.
fitne 19 393 1959
REPORT OF COMMITTEE ON ANNUITIESAND CREDENTIALS
PensionsThe Conimittee on Annuities and Credentials reported that applications forpensions were presented for persons, hereinafter listed, with the recommenda-tion that the pensions be approved and granted iii the amounts and underthe conditions set forth herewith. Iii the case of each applicant for serviceretirement pension, the employment of the teacher had terminated omcially,the legally prescribed minimum years of teaching service were completed, andrequirements with respect to age or to the Retirement Systems ReciprocalAct (if applicable) were fulfilled. The applicant for widow's pension fur- :~nished proper evidence of her right to receive such benefit.
lie inlier'. 44·]rool Ser,·ice To An i,1,/,1or Yri 1)11 k lie,M i„,1r,). Nnitle (,f 114'1:11,er l!(lll]H·r'.4 >«ltul 11¢14. I):1 'M ler.,11 It"te
Optional Serrict • Retin ·nient Pensifinx1/ f) S 5 Bradley, MM·ion V. ....1':~lison .............29-7-10 5/12/59 .2,-150.·109971 Carl9O11, Elsie N. ......Lafayette ..........28-4-10 4/21/59 1,8 8 ".2 89972 Gottschalk, Anne O....1'et,·1'Mon ...........:15-2-00 1/ 6/SW 3,0·18.009975 Heather, Ruth Leah....Calumet High ......39-7-10 4/11/59 3,423.561/976 .Tordan, Ruth T........I·'01·4·stville 4/30/59 2.965.7235-1-004963 Lyman, Mary A. .......Ir-:iller High . ...40-7-00 4/ 3/59 3,902.16997S Man/4 Emilv S. ..,.····CC,Onlt'y ............22-7-00 3/15/59 1,7·12.·109444 Menuire, Dbnna J. ....Amuncison High ....37-0-00 3/28/69 3.136.415,!~87 Minteer, Catherine L...Blaine .............25-0-10 6/ 3/59 1,7 '10.284974 Redmi,rid, LewiH ]C. ,..,phillips I.lem. ......30-7-10 2/ 1/54 2,841.7999SS Richardson, Olga K....Bm>-ser ...........35-5-00 3/14/59 3,41·1.8.14481 Suanson, Editll A. ...41-5-00 4/18/59 3,994.569983 TV,ilsh, Florpnep H.....Cleveland ..........20-6-10 1/25/59 2.582.889:190 Walsh, Swah G. ·······P"we> ...........32-4-00 2/ 2/59 7.013.KoIi·_001 Von GI·emp, Zella...···U':L~hburne Trade...16-8-10 2/ 1/59 1,29.1.08
( Fractiond prn .Hion tind €' r prn, imi ,) 7111 of tlir Retir ; mcnt X111,1 im , t /ref · ip ,·ocal . 1 ,? 1 J
Compulsory Service Retirement Pensions4906 I;riody, Frances .......Henderson .........47-7-05 4/25/59 4,318.Ro•4,973 Graham, Jean A.......Cant>- .....········.44-6-00 4/11/59 4,271.76'1974 Hanawalt, Florence C..Pula.,ki ............49-4-10 4/25/59 4.318.SO•!1!177 Kramer, Icyl M. ·· ·····Marshall High .....42-2-10 5/ 6/59 LOGO.929657 Plachota, Mae TI.......Sumner .,......,..,43-2-00 6/ 6/59 4,052.52•!19KS Stuenkel, Francelia ...I.indi,loni High 32-6-00 5/23/59 3,176.28•4980 Sustek, Laura D.......Nobel ..............40-8-00 8/ 5/58 3,761.40*1·~merituR teacher retired nltrr re-empli,Vment on n ten,pinlrit brisiB.
Discibility PensionD-·IS-1 Claus:,Mary Margaret.Schneider ..........26-8-00 5/ 1/57 1,332.04
lividow'.4 PrnsionWA-29 Mitchell, Lilli;wer, ... ···············~~ ~·33-0-01 7/2//54 1,190.1 6
(\Vid,nr 43 1)(litict P. Mitchell. penaioncr)
S ,immary of /'ensions (ircmteel01)tional si,i·vice retirement pensions;Compulsory sen·ice retiremrnt Pensions -Disability retil·f,ment POIi:inn. 1Tridow's pension
On motion by Miss MeVey, seconded by Miss Taggart, the recommendation ofthe committee was approved and the service and disability retirement pen-sions. and widow's pension, listed above, were granted by the following roll-call vote :A yes-Mi·. Petrie, Miss 1\Ievey, 1\Tr. Meiordierks, Miss Taggart, Dr. Lally,Mr. Murray-6. Nays-None.
Tz„ic ]9 399 1959
Appointment of Physicians
Applications for disability pensions were submitted with the recommendationthat physicians be appointed for the examination of the applicants.
On motion by Miss MeVey, seconded by Miss Taggart, the appointment of thephysicians, listed below, was authorized.
Frank B. Kelly, M.D., 122 S. Michigan Ave., Chicago, Ill.William J. Schnute, M.D., 720 N. Michigan Ave., Chicago, Ill.Claude N. Lambert, M.D., 104 S. Michigan Ave., Chicago, Ill.
To examine: Cathryn C. Curtin, Bradwell School
Jerome Head, M.D., 55 E. Washington St., Chicago, Ill.Willard Van Hazel, M.D., 224 S. Michigan Ave., Chicago, Ill.George W. Holmes, M.D.,670 N. Michigan Ave., Chicago, Ill.
To examine: Leslie J. Moynihan, Chicago Vocational High School
G. K. Femi, M.D., 122 S. Michigan Ave., Chicago, Ill.
To examine: Mildred E. Gustafson, Tuley High School
Cancellation of Pensions
The Committee on Annuities and Credentials reported that the followingservice retirement pensioners have been re-employed as teachers by theChicago Board of Education. Therefore, pursuant to the law, the committeerecommended that the pensions of the persons, hereinafter listed, be cancelledas of the ofTective dates of re-employment.
'I,)·lit• ur IEnt€· of 1,"trX:imr 1'(·1:Mi¢.11 1»e 11,4 1 «)11 , E e-rilli].."ril
Loewensohn, Bernice V. . .... .. .. .... . ..Service. .. ..$2,120.28........6/ 1/69Sh:inoff, ROSe M. .............. ....Service 2.472.00... .5/11/59
On motion by Miss MeVey, seconded by Miss Taggart, and by the followingroll-call vote, pensions for the persons listed above were ordered cancelledon the dates indicated.
Ayes-Mr. Petrie, Miss MeVey, Dr. Lally, Mr. Meierdierks, Miss Taggart,Mr. Murray-6. Nays-None.
Juric 19 400 1959
Outside Time and Military Service
The Committee on Annuities and Credentials reported that affidavits, or otherevidence, attesting to or certifying ( 1) service in the public schools of theseveral states or in schools operated by or under the auspices of the UnitedStates outside of the City of Chicago; (2) time spent in the military serviceof the United States during the pension period; (3) service as a playgroundor recreational instructor for the City of Chicago or the Chicago Park District;and (4) employment by the Chicago Board of Education as a school clerk are ~hereby presented for the persons hereinafter listed with the recommendationthat they be approved; provided that in the case of outside teaching serviceno more than 10 years be credited and also that the last three-fifths of theminimum term of service for which an annuity is granted shall be in the public ~schools of the City.
Service Ser,·ire CreditiNunle (,f MM:11,4.r 4«·lacm/ (I)em·ripti(iii) (Yr,4. Mii,4. 1)11).M)
Teaching Serrice in Pill,lic Schools or Uncler Auspices of the U.S.
Bowman, Evelyn ..Teaching . 6-8-13Itrown, Alice S. ......... ..Sul)Stitute ....... ...Traching . 2-0-00Cc,!·desman, Geraldine . ...Hyde Park High......Teaching .10-0-00F.dwardx, Charlye T. ... .Substitilte ....... .Teaching 4-7-10Me(;rath, Mildred G. ... ING·ker .............. .Te:lching . 2-0-001':iul, Marvin ......... ....Senn Iligh ............Teaching 4-1-04Potta, Frank A. .... · · · · · · · ·Ii<,pe . . ..... .. . .Te: c hi 1354 7-3-02Snyder, Elizabeth D. ... ···- \mericanization , .Teaching . 2-1-0.1Warner, .1:ic·cluelin,· F. ...Multigan ..... .. ..Teaching 1-5-00
Military Sen*c• 01 the Unit ,·d Stat ,•.,
Gam,·rtsfelder, Paul . .....Farr:,Bfut High ..Military 0-9-15Macomben H. Grant . ... Mason ........ .. .Military 4-5-15I':ill, Marvin .....··· · ·Senn IIi;rh ..... .. .Military 4-5-10Vlnehos, Chi·ist G. .···· ···Cole·v ...Matuy 1-S-00
Employment in Otlwr (:lii('agi, (icir,·rni,trittal I],iits
Inumenth:,1, Ruth . A.:'11,·1· 1 I igh . .sch„01 01,·rk . .12-2-151,·n:lrd, Vt·t·onien .T. ·····I'l,„-Al'()11.d ···.......R(,(·I·€·.,tional Inst!.St:,siak, ('hnrlott,· T. .Drake I'layground ....kecreatic,nal Insti·. .10-1-15
On motion by Miss McVey, seconded by Miss Taggart, the outside time andmilitary service for the persons listed were approved by the following roll-call vote:
Ayes-Mr. Petrie, Miss MeVey, Mr. Meierclierks, Miss Taggart. Dr. Lally,Mr. Murray-6. Navs-None.
~ June 19 401 1959
Revision of Service Credits
The Committee on Annuities and Credentials reported that an application forfractional pension under the provisions of the Retirement Systems ReciprocalAct is under consideration for Zella ron Gremp and that certain adjustmentsin service credits are required.
The total service credited in this Fund is 19 rears, 4 months and 15 clays.This must be reduced by one-half month in order to avoid an overlapping ofcredits between the reciprocal systems and also by 2 years 5 nionths and 18clays in order to eliminate credits for outside service in excess of the legallyprescribed maximum of 2 5ths of the total service considered in the computa-tion of her pension,
The committee recommencled that tile above described recluctions in servicecredits he authorized, that a refund of excess contributions he paid and thatthe records of the Fund be revised to reflect these changes.
On motion by Miss 7Ic'Voy, secon(led by Miss Taggart, the recommendationsof the committee were approved and the above-described revision of servicecredits was authorized by the following roll-call vote:
Ayes-liz·. Petrie, Dr. Lally, Mi·. Meierdierks, Miss Taggart, Miss McVey,Mr. Murray-6. Nays-None.
REPORT OF COMMITTEE ON PENSION LAWAND RULES
Disposition of Election Material
The Committee on Pension Law and Rules reported that ballots and materialsused in the 1958 election of trustees wei·e c:irefully preserreel for more thansix months, that thry were no longer of Ilse for any future election. :incl thatthey wei·(! not required as evidence for proceedings in any court. Therefore,the committee recommended that they be destroyed.
On motion by Dr. Lally, seconded by i\Ir. 1\Iurray. the recommendation ofthis committee was approved, the election materials were orclei·ecl destroyedand the report of the committee was orclered printed in the proceedings ofthis meeting.
June 19 402 1959
MISCELLANEOUS BUSINESS
Appointment of Attorneys
On motion by Dr. Lally seconded by M iss Taggart, the firm of Kirkland,Ellis, Hodson, Chaffetz & Masters was reappointed as attorneys for theBoard of Trustees for one year beginning on the date of this meeting andunder an arrangement that the fees for their services shall be presented andpaid quarterly. This motion was approved by the following roll-call vote:
Ayes-Mr. Petrie, Mr. Meierdierks, Miss Taggart, Dr. Lally, Miss Mevey, /1Mr. Murray-6. Nays-None.
ADJOURNMENT
On motion by Miss McVey, the meeting adjourned to meet at the call of theSecretary.
Recording Secretary, Pro Tem,
r--
July 29 403 1959
REPORT OF THE PROCEEDINGS
OF THE
Board of TrusteesOF THE
Public School Teachers' Pension andRetirement Fund of Chicago
Adjourned Meeting-Official Report
Wednesday, July 29, 1959
An adjourned regular meeting of the Board of Trustees of the Public SchoolTeachers' Pension and Retirement Fund of Chicago was held Wednesday, July29, 1959.
The President, Mr. Petrie, called the meeting to order at 8:00 P.M.
The President, Mr. Petrie, appointed Dr, Ann M. Lally to serve as RecordingSecretary in 1\Irs. Light's absence.
ROLL CALLMembers Present: Mr. Petrie, Miss Taggart, Dr. Lally, Miss McVey, Mr.Meierdierks-5.
Members Absent: Mrs. Light, Mr. Caples, Mr. Murray, Mr. Whiston-4.
July 29 404 1939
REPORT OF COMMITTEE ON FINANCE
Purchase of Bonds Confirmed
In accordance with the advice of LaSalle National Bank, investment counsel,and in a mail vote prior to the date of this meeting, the Committee on Financereported that the following securities were approved on the yield basis notedplus accrued interest. The committee recommended that the purchase of thesesecurities be confirmed and that the bonds, debentures and equipment trustcertificates be registered in the name of the Fund.
Amount Dexeriptkin ,)f lt,indv i:/1 r 1)21/4· «,f i,4,(I'zar J-zilite ) 1:ime of l·irm I.,41/(•{1 ~1:11~trit:,· 'b"i*·Itt
U. S. Gor,·rnment$200,000 U. S. Tr,·,1:ziry 29:'; Itond: 6/15/58 2/16'65 .1.·1,1,;
First National H:,111: of Chicago300,000 U. S. Tre:i:ury -1 ", '; Notes, 8,·ries.\ 7/20/69 5/15/41 4.7.122' i200,000 First Nation:21 Bank of Chicago 4.739
Dominion of Camidn5150,000 Province of (lritarin. Can:ida. ·1:>i", 2/1/54 2/1/84 4. 96. 2
100,000 Twenty-flve Year I)rbentures 4.xi 5"'Hart·iman Hiple>· & Co.
Public Utility$300.000 Tentiess#,r GaM Tran.mission Company 7/1/59 11/1/71) 5.15';
5 'i'; First Mot·tgaire "ipt· Line BondsA. C..\11>n & Co.,Inc·.131>-th & Co., Inc.Eastman, Dillon, Union Securities & Co.(:(ildman, SarhH & Co.I{:11.ie>·, Stuart & Co.,Inc·.Hoinblower & WeeksMerrill Lynch, Pierce, Fenner & Smith, Inc.F. S. Moseley & Co.
Railroad$200,000 Missouri 1':ic·ifle Railt·o,icl ('(imp:inv 8/1/54 8/1/69-72 1.8,5~:·
4·35(5 ICquipment Trust Certific:Itcs,,Series L
Halsey, Stuart & Co., Inc.
On motion by Miss Taggart, seconded by Mr. Meierdierks, the above trans-actions were approved and confirmed by the following roll-call vote: '
Ayes-Mr. Petrie, Dr. Lally, Mr. Meierdierks, Miss Taggart, Miss McVey-5,Nays-None.
REPORT OF COMMITTEE ON PENSION LAW AND RULES
Pension Legislation
The Committee on pension Law and Rules reported that two legislative billsrevising pension provisions of the Fund, House Bill 811 and Senate Bill 743,were approved and enacted into law by the 71>:t General Assembly of theState of Illinois,
Jub· 29 405 1959
Pension Legislation (.., 1.:. 'i :ird )
House Bill 811 contains provisions authorized by this Board on March 26,1959, namely, . . . automatic annual increases of 11,~ % per year in basepensions for members retiring oil or after September 1, 1959... additionalnon-refunclable niember contributions of 16 of 15 of salary... improvedcleath benefits for all teachers in service and for pensioners retired on orafter July 15, 1959... increased pensions for widows... and additionalhenefits for clopendent children of male teachers. During the course of thelegislation, this Bill was amended (1) to eliminate the authority to investiii common stocks and (2) to provide that for retirements on or after July 1,1962 pensions will become subject to a discount of 1,3 of 1% for each monthunder age GO clown to a niinimum age of 55. House Bill Sll, as amended, wasapproved and enacted into a law on July 15, 1959.
Senate Bill 743 establishes the Standard Illinois Pension Formula for retire-ment pensions without change in the present 6% rate for meinber contribu-tions . It provides a pension formula of 186 % of average salary Chased onthe highest. sal(trics for 5 co,isccutive licars during the last 10 Uears) timeslength of service. Under this Bill, pensions and contributions are based onactual salaries up to a maximum of $15,000 per year. It also provides thatfor retirements on or after July 1, 1962 pensions will become subject to adiscount of U, of 1% for each month under age 60 down to a minimum ageof 55. This Bill was approved and enacted into law on July 17, 1959.
The committee recommended that this legislative report bo adopted midprinted in the proceedings of this adjourned meeting. It also authorized theexecutive secretary to proceed with the revision of records, forms and pro-cedures which are required for the proper administration of these revisions.
On motion by Dr. Lally, seconded by Miss Taggart, the recommendations ofthe committee wore approved by the following roll-call vote:
Ayes-Mr. Petrie, Dr. Lally, Miss McVon :\Ir. Meierclierks, Miss Taggart-5.Nays-None.
ADJOURNMENT
On motion by Miss MeVey, the meeting adjourned to meet at the call of theSecretary.
Recording Secretary-Pro Tem
r
September IS 407 1959
REPORT OF THE PROCEEDINGS
OF THE
Board of Trustees
OF THE
Public School Teachers' Pension andRetirement Fund of Chicago
Regular Meeting-Ofticial Report
Friday, September 18, 1959
A regular meeting of the Board of Trustees of the Public School Teachers'Pension and Retirement Fund of Chicago was held Friday, September 18, 1959.
The President, AIr. Petrie, called the meeting to order at 2:00 P.M.
The President, Mr. Petrie, appointed Dr, Ann I\I. Lally to serve as RecordingSecretary in Mrs. Light's absence.
ROLL CALLMembers present: Mr, Petrie, Miss Mevry, AIr. Meierdierks, Miss Taggart,Dr. Lally-5.
Members absent: Mrs. Light, Mr. Cal)les, 811·. Whiston, Mr. Murray-4.
(Absences of Messrs. Callea and Mttrt·(11; lue,·c due 1(} 111(. ncecaaitll of being out ,)1 Chictigoon buainess.j
APPROVAL OF MINUTESOn motion by Mr. Meierdierks, seconded by Miss Taggalt, the minutes of theregular meeting of June 19, 1959 and adjourned meeting of July 29, 1959were approved as printed.
September 18 408 1959
REPORT OF FINANCIAL SECRETARYThe Financial Secretary presented a report on the investment account, receiptsand disbursements for the four-month period from May 1 through August 31,1959 with the recommendation that it be approved and printed in the proceed-ings of this meeting.
The Financial Secretary also proposed that Mr. Robert Sargent Shriver, Jr.,President, be reminded of the Board of Education's legal obligation to demandand direct the City Council to levy a tax for the year 1960 to produce $9,568,000for the Fund. It was recommended that a copy of the letter to this effect beprinted in the proceedings of this meeting.
GEORGE O. ME:IERDIERKS,
Financial Statement
Financial Secretary ~'
May 1, 1959 through August 31, 1959INVESTMENT ACCOUNT
Inveitment,$, May 1, 1050 nt Par ValueBonds* of the United States and of the
State of Illinois and its subdivisions............$31,460,247.54Corporate bonds ................................ 16,432,000.00Chicago Board of Education GU
tax anticipation warrants 100.00
Total 3,3·13.000.00
$ 17,S!,2,3,17.5.1.\dd total invested..51,235,347.5.1
Deduct bonds redernied. , . 31,0 04).0 c)
Investments, Aunt~ 31. 1951) nt Par 1-211114'Bonds of the United StateM ancl of the
State of Illinois and its subdivisionH..... 32,579,2·17.5,1Dominion of C:inada bonds. ..... 700.000.00Corporate bonds 17,925.000.00Chicago Board of Education 69;
tax anticipation wai·rants............. 100.00
TOTAL INVESTMENTS, AUGUST 31.1959... $51,204,347.51
RECEIPTS ANI) DISHURSIC;!I,N'l'%Cl,Mh Hnitinee, Mny 1.11)59
Cash-City Treasurer ....··················......$ 282.603.·1:1Cash-Contingent fund 4,583.77 5 257,1,37.2,)
RECICIPTS1,1.rmin,ent In:«in,r
Intere.st income, long term securitins. .....- 647,209.87Interest income, temporary investments.... 5,!163.r,1 053,1 7 2.Ks
lion,]M Redeemed nt I'lar J-tillic 31,000.00U. S. i'renmury BillM Redeemed at C„Mt ········· 1,694,036,·111Income from Stnte DIMiributive Fund .......'. 343,399.SO'I'nx ColleetionM Remitted to the Fund
Levy for 1952 and prior 7,871.9Levy for 1953 2,141.·16Levy for 1954 ....................... 6,886.25Levy for 1955 . 23,708.6 7Levy for 1956 S,!108.34.......
Levy for 1957 23.36,1.02Levy for 1958 7,-171.921.71 7,544,>401.99
rr
September IS 409 1959
Financial Statement RECEIi'Ts ( contintted)
Contribution,4 by l'artirilizint,* (Salary Deduetion,0112'Artllarly al}pointed teachers .................. .$ 1,491,SOS..;-1Subslitille 01· temporarily appointed teachers...... 207,·t:)4.62Oflice vmpm>·ees 1,126.35 6 1,TOO.·126.6.
Cn,4]1 l'nymenIM to Flinci by I'Zirtlell)11!11MChicago teaching sri·vice ................. 94.944.74Other Chicago service and outside time..... 7,282.12Interest 4,222.34 106,149.20
.'11 i M ce I I n n«'OUMReinibilisement 101· line:it·ned pension l).l.'Ilients.... 12. Ol)Bequest by Lillian Kozier ........................ 55.56Outstanding checks tx.insferred to reserve account 1,005.05 1.072.61
TOTAL RECIPTS MAY 1 TIIRU AUGUST 31, 1959... $11,974,359.:18
TOTAI, RECEIPTS AND BEGINNING BALANCE. . 512.261.546.58
1 ) I M 1 1 U I L S E, 1 E X T S
11,·fian,1+ of 31ember,4' Contrilmtion,6, due toResignation of reg'ultirly :ll)1)oillted teachers....,.$ ·11,900.SlWithdrawal of substitute or temporarily appointedteachers 21,118.96Service in excess of 45 ye:11·s ...................... 919.84Changes in rates of contributions ................ 149.22Change.1 in creditable service...,. 134.201959 Amendment with regard to widows' pension
payment for Chicago service Prior to 1953...... 6,120.56 $ 73.643. 66
l'enpdon :ind luenellt I'liyi,tent,tService retirement ..$3,214,420.63Disability . 55,495.17Widows' ................. .. 24.523.56Reversionary ............. 3.250.06
3,297.689.42Add Blue Cross-Blue Shield premiumspaid SO,686.86
3,378,375.28Deduct Blue Cross-Blue Shield
premiums withheld ......... .. SO.695.39 3,297,679.89
Refunds of contributions ............. 70,213.40Single-sum benefits on death in service ·16.550.00Single-Burn benefits on death of
pensioners 4,500.00 121,263.40 3,418,943.29
AdmitaiMirilth·e Exi,eiuMeSalary expense:
Net salaries paid 21;,161.42Cont!·11)utions fol· DenSion,.,,.... 1,126.39Blue Cross-Blue Shield premiumswithheld ........................ :;78.20Income tax withlield ............... 5.781.30
33,450.31Employer's share Blue Crosspremiums ................... 51.75 33.502,06
Professional services:Actuarial-A. A. Weinberg,
(1/1/-6/30/59) ........... 2,500.00Legal-Kirkland, Ellis, Hodson,
Chafretz & Masters (3/19-6/18/59). 1,250.00Bond advisory-LaSalle National
Bank (3/1-8/31/59) .............. 9,010.21Analysis of Trustees' investing
powers (LaSalle National Bank). 1,750.00M p (110,11 55.00 14,565.21
September 18 410 1959
Financial Statement - DISHURSEMEXTK (i·oiltinucd)
Oflice facilities:Rent-1 months .$ 2,002.40Electricity ........... 308.21Telephone ........ ·162.·10 4 2,553.01
Omce expense: 225.11ofnee supplies.....................
Post:ige ........................... 1.·1·19.28Mainten:inee of c:quipment........ 41.2.1Bond :ind interest collection........ 112.67Decorating and enlarging omcc·..... 156.05Air conditioning unit (1)........... 536.:;1Venetian blinds (2) 46.40Chairs for conference room (10) 229.93 2,S37.31
Tabulating service:Teachers' contril,ution crodits hy
Board of Education.............. 4.207.12Actuarial :ind ins,trance statistic·s. . 409.50Pension payroll ········ 1.139.86Ofnce administration ...... 126.25 5.882.73
Printing:OfTice forms and supplies... ::98.50Proceedings 441.30Bulletin (legislation)..... 466.06 1,308.86
Miscellaneous:Convention and profession:L 1
association expenses..... 56 9.78Legislative expense ........ 48 1.36Trustees' expense 656.5!1 1,706.73 5 62,955.9.1
U. S. 'I're:,Milry ] Bil!,4 1,1,rehnMed nt CONt. 5,330,658.551.(„,ir--term In ,·cHI i,ientp€
Bonds purchased (/mr value)...... 3,3,13,000.00Plus premium ...................... 12,781.25
3,355.781.25Less discount 39,155.10
Purchase price ...... 3,316,626.15Accrued interest paid. 19,330.93 3,335,957.OR
TOTAT, DTSI3ITRSEMENTS, M.,1-Y 1 TIIRU AUGUST 31, 1959. 12,221,458.41
C:RAh 1111]nnee, :111;rIEM< 31, li)55)Cash-City Treasurer .... 26.957.13Casli-Contingent fund ... 2,731.01 5 39.GSS.1.1
Respectfully submitted,
GEORGE O. MEIERDIERKS,Financial Secretary
Se/,tent!. r 18 411 1959
Tax Levy for 1960September 18, 1959
Robert Sargent Shriver, Jr., PresidentBoard of Education228 North LaSalle StreetChicago 1, Illinois
Dear ATI·. Shriver:
This will serve to remind and notify you that Section 34-64 of the SchoolCode requires the Board of Education to demand and direct the City Councilof the City of Chicago to levy for the year 1960 a tax at a rate which, whenextended, will produce the sum of $9,568,000 for the Public School Teachers'Pension and Retirement Fund of Chicago.
Yours very truly,
Evelyn SholundExecutive Secretary
On motion by Mr. Meierdierks, seconded by Miss Taggart and by the followingroll-call vote, the four-month statement of the Financial Secretary for theperiod from May 1, 1959 through August 31, 1959 and the letter to CIr. Shriverregarding the 1960 tax levy were approved and ordered printed in the proceed-ings of this meeting.
Ayes-Mr. Petrie, Miss MeVey, Mr. Meierdierks, Miss Taggart, Dr. Lally-5.Nays-None.
REPORT OF COMMITTEE ON FINANCE
Reimbursement of Contingent AccountThe Committee on Finance reported that receipted bills, cancelled checks,bank statements, and other supporting documents covering e xpenditures forthe period from June 9, 1959 through September 8, 1959, inclusive, and totaling$2,319.23 were audited.
The committee found that expenditures had been made properly and recom-mended that this account be reimbursed in the aforesaid amount.
BillsThe following bills were presented with the recommendation that they beapproved and paid.
AddreM+ogri,Il]1-~Ililtigral)11 Corp.:8/27/59 1,000 cards ..... O.SO
*111"5 Stntionerm, TIi:6 /30 /59 Ofrice supplies . I , I 40
.$ 36.157/30/59 Oflice supplies .8/31/59 Ofllce supplies 18.95 109.4S
September 18 412 1959
Bills (conttnued)Bonrd of Eduention:
8/27/59 Preparation of tabulating cards showing teachers'salary deductions for each payroll period from4/1/Ott to 6/30/59 5 249.21
E. JV. Hoehm Compnny:6/26/59 Mimeograph supplies 48.20
Continental Envelope Corr.:6/19/59 51,500 special window envelopes.. 410.97
CopeaMe Corp.:8/25/59 Supplies for photocopying machine. 30.00
Haye,4 Mintbaleal Service. Inc.:; 1 n, rag Actual · ial and insurance statistic:.: ·161 , GO <
to Pension payroll changes for June·, July, August 1959 19.259/ 8/59 Teachers' contribution c·redits, hy Board ofEducation . 1,822.50 2,333.36
The IIuey Co.:6/26/59 Microfllming of reports on teachers' contribution
credits for the year ended 0/31/57_....,......... 181.·17International HuMIne+M MnehineK Corp.:
9/ 1/59 2 IBM executive electric typewriters.. 880.00Kirklnnd, ElliM, Hodmon, Chnfretz & 111:Nter~:
9/ 1/59 Legal services from 6/1/59 to 9/1/59. 1.250.00Mar,lhal!-Jack,[On CO.:
7/30/59 Alphabetical metal-tab index-legal size. 42.75MCCormlek und HenderMon, Inc.:
6/ 3/59 Printed forms and Flut)Flies 1,536.456/15/59 Trustees' bulletins, 6/9/59, 6/18/59, 9/8/59, 1,261.207/21/59 Report of April proceedings. 325.205/25/59 1958 Annual report ...................... 1,387.GO 4,510.45
Murphy & Miller, Inc.:8/31/59 Service on air conditioners. 23.85
Phymicinnm7/16/59 G. K. Fenn, M.D., Examination of Mildred Gustafson 25.008/17/59 Claude N. Lambert, M,D., Examination of Cathryn
C. Curtin ... ............................ ..... 35.007/ 2/59 William J. Schmute, M.D., Examination of Cathryn
C. Curtin ............. ...................... 10.008/18/59 Willard Van Hazel, M.D.. Examination of LeslieMoynihan .................................... 25.00
9/ 4/59 Chnrles n. Congdon, M.D., Examination of Alice W.McNefr 25.00 120.00
Pitney-no.·eM, Ine.:9/ 4/59 Postage meter inspection 9/ 1 /59 thru 8/31 /GO ...., 56 . 40
H. M. Witt & CA:7/ 9/59 Lettering on ofllce doors. 22.96
$10,269.89
On motion by Miss Taggart, seconded by Dr. Lally, the foregoing reports andrecommendations of the committee were approved. Reimbursement of thecontingent account and payment of bills, listed above, were authorized by thefollowing roll-call vote:Ayes-Mr. Petrie, Miss MeVey, Mr. Meierdierks, Miss Taggart, Dr. Lally-5.Nays None.
r
September 18 413 1959
Refunds and Death BenefitsThe Committee on Finance reported that documents pertaining to claims forrefunds and death benefits for persons listed herewith were examined andverified. Evidence from Board of Education records shows that applications forrefunds on account of separation from service were made by persons no longeremployed as members of the teaching force. Applications for refunds of con-tributions for widows' pensions were made by male teachers who were notentitled to such benefits at the time of retirement. Claims for refunds of con-tributions and for benefits payable on death of teachers and pensioners weredetermined after certifying dates of death and establishing proper evidencefor each beneficiary, administrator or executor. The committee recommended,therefore, that refunds and death benefits be granted for persons listed here-with in the amounts specified.
The committee reported also that in the case of other contributors, listedherein, pension deductions by the Board of Education exceeded the amountsrequired by law. In one case, the deductions were made during employmenton an hourly basis. In other instances, duplications in pension contributionsoccurred when teachers received salaries on two Board of Education payrolls.The committee recommended that the excess pension contributions be refunded.
The committee reported further that other refunds to contributors, listedherein, were paid at the time reports on audits of such contributors' accountswere submitted. Such refunds were due to changes in rates of contributionsfor creditable Chicago teaching service or to other required adjustments inthe application of automatic increases in rates of contributions by the Boardof Education. It was recommended that the payment of these refunds beconfirmed and approved.Itefund,1 11/e Ite,signation of Iteglilarly 1·',1,1111(iyed )lemberi:
Aberdeen, David .$ 1.536.OSAlderman, Sara 959.90Armamentos, Joan Krumi) 694.25Bartosch, Florence M. 398.SOBartich, Barbara A. 896.00Bernstein, Ann 530.40Bishop, Adelaide 1,275.75Blackman, Ada L 806.55Bleck, Joan Marie 16 S.00Bodzewsk!, Lillian M. 373.50Bower, Marian B. 2,412.03Brask, Marilyn H. ......................··········· 530.40Britton. Estelle R. 1,410.15Brooke, Mary Rita Davis 183.25Brooks, Marilyn .................................. 552.90Calawny. Ann L. 1.070.40Chapman, leugenin Sheldon 291.50Collins, Catherine Ryan 272.00Coyno, Lucile 760.00Dachs, Muriol W. 530.40Davis, June B. 1,109.40DeSantis, Zerlina ............................... 434.40DeVries, Eleanor 530.40Dobbins. J. Maurice 2,515.98Efner, Marifrances 1,455.68English, Mary D. ................................. 180.00Fischer, Frank Paul Jr............················ 1,298.50Fisher, Betty 590.00Flynn. Rita Joanne 655.79Fox. Cleo Vir;rinia 1,570.40Frohnnuer, Margaret Ryan 1,835.00Granquist, Phillip A. 251.49Gunn, Betty Jean 398.86Hamilton, Bonnie N. 454.50Hansen, Eileen G. 664.00
September 18 414 1959
Refunds and Death Benefits Ceontinued)
Refundz :de Hexignatic , n < if ReguI :irly I '. mi , loyed ilemberM : (continited )
JI:it·w,·11. .1:ick H. ........... .$ 1,:;·19.56H,·nn,·s.sy, M:irie P. ...........Hot·bet. Lucretin W. ........ 401.40IIollins, D,·]come 13. ........ 272.11)
X00.·lf)Ichishita, Nobuko .....In.:keep, James H. ........... 1,834.08Kallfun:inn, Diane K. ..... 4::0.65King, Shirley K. 14·1.00Koller, 7[:irgaret R. ...... 2:;7.6:;Kozel, Loraine B. ........... 150.00Larsen, CM.thorine B......... +5::.40Leahy, James P. ............ 1,000.60Leahy, Sallv S. ............. '132.60I.o>nik, Rose .........········· -101.10Levin, Lonore R. ........... 41·1.00Levin. Lenore S. 786.00Lichter, Vivian S. .. 9·17.00Lie, Kiatcha D..,.·········· 687,:10Liebner, Doriald V........... 150.00T,ir·l,nor, J,mn A. .... 279.75Locilicttr·, Louis:a L. ......... 597.90Lockette. Rutherford K. ...... 1,113.20Loeiller, Sally M. ............ 410.25Logan, Josephine C...... 7 S 6.4 0Lorontzen, Rose Marie ..... 135.00Malacky, Gertrude F. ..... 266.·10Malman. Ilene . 266.40Mayrent. Sharon ............ 570.40Micka. Irene M.............. 794.40Moil·, Harriett L...... ...... 1,097.·10Mon,vek. IT:n·icq· E. .. .... 3.1 8.90Morrison. Glorin H. 1,752.45Morton, Catherine I' . 4%9.00Mullican, Norma P. 1,691.00Miingerson, Subrn L. ... .. 703.65Mun·ny, Carole W... 1.079.·10c)'Donnell, Catherine S. 81.OnO'Toole, Phyllis T. ............ 1.225.·10Pakan, Ri<·hard A. 810.3713:L 1118. LaVerne n. ........... 2.1.00PILI·lik, John Paul . 1.008.8.Pawela, .Tonn Stephanie ..... 512.·10
2,714.82665.·10
Poll:ick, Leah . 516.90Pollak, Sara A. 4,12.90Pomazal, Frances R. ..... 439.50Poper, Harript .,........... 157.45Remahl, Susan M. 713.06Rili.y. Joan Marir ........... 177.00Robbins, Carol IT. . 925.50Rosulek, Louise J. .......... 2,707.11) IRoth, Yolanda ............. 7NG.40Sadwick, Norma T,. ......... 209.25Srhnoider, Patricia IC, 1,872.17Schillman. S.ille ......... 266.40Shannan. 7:11'01,·11 A. ....... 1,329.50Shelist, Sallv K. ············· 791,00Shen·nninn. Christv Ch:lrl(·st 723.88Kh,·vick. Shirli·v S. .········ 214.50Smith, Dorothea F. 24·1.00Sor·twell, T,oilise ~T. ...····· 1,023.90Stanlr·v ii If. ......... 1.921.00Sunshirie~Cf<ilr<qha w. .....,.. 1,155.90Sw:inson, Trilli:im E. 333.01Trkle-Halm:inot, C:ithrrine 1,115,45Troy, Man- E. 708.00Unwer, Joan M. 663.00Vinor. Marion ... 474.65Walsh, John P. R32.97Ward, Judith AT. .....······ 711.15Webber, noroth,· G. .········ 266.00Tridran, Lita .Tline 21,1.50Wnlf, Lois B. .... 201.00Woods. Althrn T,. 675.40 $ S.1,16.1.79
St·prember lS 115 1959
Refunds and Death Benefits (confinticd,1
liefinld 4 n/e Melizar:,11(in fri) 111 Ser,·ire of 54,111%tit t:teor '1'c·inpur:trily ]Ctial,loyed '1'e:,rheri:
.$ 111.40All)el·t, Mudeline ..... ... 365.-10.ilsbel·%. 1:ox:ina ....... 9.1.50Alidren·K, 31:in· 1 ....... . ·10.50
. - ., 0, rA]*el, 1:ochelle ............Austin, 1·:liz:,1.·th M. ... . .1-12.90Imiley, Gertrude ....... ·· 410.101;.lkeman, 1Cmill,1 .Tean . - 621·101;:iiinoi. J.kines JV. ..... P).l;·113:li·n,ll·cl, Ar·is I'. ....... ... OG.00learrett, Elleri .I. ....... . 115..: 5];en:son, 1:,111,11,1 T. ..... . !144.321301-ger, C:itlic·i·ine Mary .I;t·st, Albert F. ......... 1.122.46Hier, Louis H. G.1 jiggs, Ruth I-I .. ~ il,~;4.-')65~]];ishop. Car·roll Atwater . . 121.50Bittner, Carl ... Si.·101';litstein, All:in M. ..... . 1-lfl.0714(,im, IrringBowier, .1 ohn P. . ill;.2 SBranstrom, JAm ... 210.00
.... 250.42Bregenzer, .hiver .... ..Brekke, Ileve;·ly j-:ide . . . 102.N (11.:roinstead, Di:ine 11. ... . 119.23Brouss:inl, Louis J. . 1,394.52Bronu~ Sandra 71.·· 108,0013/owntiold. Jack Il. ... 426.8 4Bruslin-ylet: 1..nvi·,·11,; 1 ..Brushwyler, N:in .1. ... .. 164.10Caulneld, I':ltric·ki 135.00
·109.50Ch:rn, Carolyn H. ...('1:n·toil. X,·1"11„ll:1 H. ... . 61114(1Cohen. '1'heodore N. ..... . 103.14('011}111·11, M:11·Kery Je:11 ;S.23Collin#, IC<lw.li·(1 Jack, . 16 S. 8 0('c,lviil, 1':Isic' 1-'. .... 1{)S.0(1
1 OX."0Coom€·M, Milly 11:L>' Ile ... ··Cornelisen, Loraine .. 1,7.50Col'Milrli:i, Cecilia ..... 977.·10Costes, Polvtime 211.67
4(,5.00Covington. 'Francis A. ... . 20~40Crockett, Nan 71,21·ie . 491.·100·liz, 71(·ret·de,; F. . 622.65Cutler, Charlotte Y. .....D:11('t.1:i, TI'illi:illl . 2:ix.12Dean, Shirley 11 ....... . 1:; 5.00
235.1 8DeGIL:11'(1. John (1. ....Derierling, Richard H. 48 1.sODligopolski, ledwani J. . .
:4:13.0,1Dodge, Me:it·1 . 16.,31Boles. Joan ............ 131.40Dond,inville, lf:i,·911 Neri . 65.26i )C);-1*'. .T,tillo. IV. ....... . 372.26
4 (; 5. ?) D1,.irli, Elainr Si:n·('li>4KisenberM, linilec· 1:. .. . 609.00lkMA:AL Junet M. . 537.90
.. 21,6.1"1·:ric:kson, Ellen Lee . 5 41.761·'alls, Robert II. ...4·1.511Fallucco, Al:31·5411£·ritc, . 425.12Farwell, Gerald D. 127.r,01*'immian. Sharon A. 121.50Fischharh, Myrna . 1:15.00Fisher, Judy . 726.02Fitzwel·aId, Daniel .
Foot·stri; Genevieve I. 526.soFoy, Carolyn J. ....Franklin, Hanitirl E. . 944.32
476.50Fronch. .Tark R. .....Gadpaille. Mae -\. ... 266.·10G:'11'11111', Bal)111('1 ..... 266.40
666.50Gehl, AT:IT·;ruel·itc R. 648.:;0Gi'I·her, Barharn Ann 114.75Gri·shnnov, Ann 741.15Gle:,son, 71:11·jorie H. .....
Sel'tember 18 416 1959
Refunds and Death Benefts (r ,Intillued)
Refund,4 11/e Semiration from Meri tee of %111)Mtituteor 'rempor:arily Employed 'I'ezieherM: (comfinucd)
C ;lik. ICI]'.'.·:lt·,1 IC. ......... .$ 1.15.52(Goodwin, 1):trii:iri> E. . 1:12.·15Goodwin, Meret-·dier .. . 9 Sq.·It)Goriii:~n. Gibson E........ 417.23Greentield, Robert J. 794.:12Griflith, 1':tul T. 235.18Gurolnick, Carol S. '16.<10Haa., Gaylord H. 60.OxHaley, Richard ........·Hamer. John H. 17".52Hamilton, William A. ... 255.~1()Hannah, Clayton ....... 61.1.,2I-Iartman, I.I,-·len Henri . :ill).65Hasbrouck, 71:iril,·11 201.15Hawkins, Rober·t 13. . , .. , 1 .IiI-0...
Henry, Helene S. . BRINDHensel. Ermi,· '1'. 26*'.10Herwood. carol M. 211!*.85Hill, John .1. .:..fi ' -
Hingtiren, Dand 12·1.7(,Hittson, mizabeth 24.00Hofacker, lit·ic'h Paii! .h. 288.!17Hoffunan, 1)„rothe:, IC. 1.581.,4Hoglund, il:irc e,11,1 .\n Ii, 222.(10Hollingsed, John F. 257.21;Horton, Jimmie Anne . 4:t1.4()}Iow:ird. Janet . 1.'....Hunt, Ger:ild A. ........ 333.0.1.jelinek, Milcist .Ic,hn ....· 101.2SJelsma. Elizabeth H. :19:1.90Jenkins, leyi·c>n IC. ....... 1.051.20Jink 8, Willard L. 16*.SOJohnxon. Dorothy .J. 2 66.40
1St.54joni·M, Victor H..fordan, (3001·;re It. 8:111.:52Kanit. An'ki C. ... ···· 5~6.65K:ine, .T,·an D.Kzintola, Al>·(·4· ......··· 213.30K:Ltil,in, Arit· ..... ···· 200.28Kaplan. Lois J... 354.60Kaplan, fornmn W. ...... 602.,90Katisalis, Peter H. ....···· 82.69Karnoxic:ilc, Donald A. ... 121.SSKatzin.in, 1:hoda 127.SOKeating, Anne Belle . 177.75Keefe, lIary Agries . t}6:1.30
25.50Kelly, Patricia M.Keough, Donna E 627.60Kestenbaum, Justin L. 1,247.27Kilzer, Vivian C. 1:13.(;6King. Thomas J. .....···· 105.00Kin:der, Jacqueline F.... 252.9" iKittridge, William F. 610.37Knowles. Sti·phani,· A. 232.95T:rizicls(·il, .Iohn 12. ..· · 733.HIKraxise, Dorothy H. ···· RE.75Kry(1,1, Arthur J. ········· 60.00
192.44Kudish, li.allm ..··· ···Kumro, Thwn:Ls D. ······ int.80Runs, Merle IC. ··········· 100.11Lrilluda, 1.;i·orge F,.. .... 1:; 1.1,2Leahy, Willi:on J 266/i"
11 8.161,(·nzi, Ifiti·i,·i, l'hill,iti
Nsf).40Lewis, ROSIL W. ········· 2 K 1 " XLewis, William M. b13;Lilly, Bernice . 26.10LiVigni, Barbara B. 46.7:,
Losor, Richard M, 988.7*Lundquist, Jo:inne 71. 192.00Lyman, Mui·iel June ····· 1%2.82M,lc'Int>·re, I'recleric'k H.Mnel'herson, Anne M. ···· 135.00
15.91Mt,her. .Terom,· A. ······· 441.SOMann, Joseph . 1(IS.00Marco, Evelyn ... ··
Sci,tember IS 417 1950
Refunds and Death Benefits ( continued)
Reftindy 11/e Set):ir:itic,it from Service of Sitb,dituteor '1'en,1,('ritrih. 1·Snit)1„j ecl '1'elieher,: C coiati,1,1 4 I
:995~
H .lik:, S:indI:I .... ,.,.. .$ S 1.00:1/'zant), .\Illholly . .... ... 671.32,117.,int), 1·'11,1,•11,·t· t:. .. . 102.00
462.40atikews, Romild 1'. . .....eC:ill, Agnes Whin'... . 25.50ceutchion. M.,111·t·,·11 ('. . . 2 6 6.4 0
A.el·Nron Madeline C. . iso.O 4)1 ce;ivel·n, Colette ....... .. 467.4 li1.(Grath, Willit'red .. . . 121.50A e(Jug:111, Ruth Ethi .... .. '; !1.1 51 c·Kinler, 13£·tty M. ...... ..3 ehmet·t. l<uth 1:. .. ........ .... -0.'...2 iddleton, Johnnye I). Jr. . 1,194.67
120.001.ikes, Gloria B. .A iles, Richard .1. .... 266.451 iller, Coleman ... ,.... . 261.-19A iler:,diell, (10>1.0 .... . 666.65A ilch,·11, Jane .A.i.·,ike, Kclith Shik:u.~·„ . .... 266.40?\ iz.ock, Shell.1 -\Mi .... .... 711.1~0A ohr. 1'.cliline ....... ...A orrissey, Jolin K . . . ti:;.it;A .t·dz, Lord 1'. ...... ......, . 252.00
212.40i 11£7. ivilliam M. ... ,. 11-1.1.321' 1·t·/·I. 1/03 . 250.35X:Lughton, 71:ll'ibeth ........ 290.40Nelson, David A. . 1%.58
918.90Nesbit, Fratices160.00Nesse, Jon im L .. .........,
Nichaus, 1·:van: W. 50.646·11.28
rilgent, Richard J. ... .. :14.50()1)2·rA, Anita . 162.00O'Leary, Jovel,hine L...... 316.20olive, William D. 519.75O'Louirhlin, 71:irianne ..... 161.26Osin<'1·, Shirle.· M. .... ····· 755.40Paliled, Annette li 1103.84Pnluniho, Richard A. ....... -.... -Parham, Jelin ............... 541.9023·1.10
1.:.06Pescon·, Anita . ~AA~SPetel·son, Leila M.Pettway Almed.2 D. ....... 265/31Powers. 'Thomas E. 15().21Preslon, Frederick V. ·· -· 201.15Preston, Maril>·n J. 1,041.32Quinn, H. Edmond ..... 01£ 4-
-Radasevic·11, Nancy ......... :tiI{)Reed, Richard V, .,..... .- 7:9135.m)Rhodes, Nina 11 S.1 6Rienks, SyIvan J. 174.21Rinehart. Hollis 111 . 596.2KRobbins, .Ii.i·ome H. ....... 8.7.10Rohinwn, H,·len M. ,.... N.1.4()]Corder, 1:011 U,1 ..... .. 65.81Roessler, (Jeot'go W. 1,113.21)120;rers, Ivor A..... 291.!il,12011, Mru·y Roberta . 27.41,1Rosern, Milry A. ........... 235.511Rosm,in. Livia R. 255.73Rotish, Rosemary ......... /83..i cnzihig, Theodore F. 16.21Hummel, Merle C. 72.00Saltz, Joanne .........,... 253.35Sandel. Sharon ............ 386.28S:lunders, Thomas ... .... 393.90Savin. Joan M. ............. 180.00Schilcutt, J. Cial·l:ind . 751.00Schlitt, Dorothv . 266.40Schunificher, Helen . 426.84Sold, Robert . 201.74Shar,irci, T.conard
Shepard, T,illian IL ....... .17·1.00
September 18 41S 1959
Refunds and Death Benefits (continued)
Refund,; n/e Sepnrntion from Service of Sul,Mlituteor Tempor:trily Ei,iployed '1'encherN: (,·o,iti,itied)
Shinn :in. Itit.1 M. ................. .$ 25.60Sieboldt, Phyllis Jean ......... 67.50Silverglade, S.indra .......... .
..,3Skinnen J;yron 11. .... .0.1Smith, Bertha E. 252.75Smith, Frederick Charles . 120.00,Smith, Sandra Jane ...... . 27.00Smith. Wrlie ................ . LO:)1.32Smithson. Marion B. 1,215.88Sokol, S:Lul M. ...
I .. .iSolern, Patricia A. ........... ..Soronson, Alice .................. . 261;.·10Sprights. John D. . 492.44Spoerl. I:aron J. 01.00Stanclifield, Barbar:i Anne . .. 2.19.00Stein, Sidnev .....················ · 54.1,32Stimgon, Ardelle .............. 253.35Stokes, N:iomi A. .............. . 707.·10Strongin, Phillip .\. . 135.04Sud:ir, Anthony John . . 17£34Surprenant, Doris ............. . 1.99.:]5Sweet, Nancy H. ............. ·Teichman, Melvin A. ......... .. 361.42Thoemincr, Lp,i Collins . 92.25Toms, Dolores: C. 65.10Tortorelli. Jzili,· C. 560.·10Townsend, Patricia J. ....... 78.30Townsend, P.r,1 ·rt 13111·11 s Jn . 54.00Turner, Raymond N... . 681.S·iUrechi, Akiko Edith . 121.50V:n·orilis, Alexander .......... . 426.84Vollmar, Philip M. ......······ . ·los.04Wagner, Alfred A. .......... · 2.10.95Trragoner, Marilyn J. ...······ 94.50TV:,11. Linwood R. ....······· · S22.42Ward. Slisan L. ......·······TV,·1)nter. TI'lly/ir ............. ] T (5 ]Y W
317.40Wilkess, Gortrucle T,illi:in . 411.15TVilliamson, M:irilyn S. ····· 201.15Winhnsh, Harold H. ·· ·· ·· ·· · 17,1.57Winkelman, Geraldine . 965.40TVolff, Shirley Ann . .. 91.95Wolfson, Gail rompian .,... 2 4.00Trrollman. 1:i,·liard Iiavici . . 160. S O
.. 249.00York, Nancr Sutton ··Young, Dewey C,,............. 79,1.32Young, Hildred . 201.15Zachary. Ralph E. 218.87 94.795.94
Reflitidw of ContrihntionM for Wid')'VM' 1'4'11,410]IMto I'*'rwnM Not Entitled to Site.]i Ilenentps:
Mt·invi, R:LIT)li '1'. . 356.13Kriewitz, John G.
535.88 $ 1,,127.49535.88
Ritter, II:Liold C,
1[€'flindw of Ace,im111:,ird Cintritilitiot'N „11 Dral]1:Bisrelow , Betty ]1 ( I,('Rlir K. Ilificlinci . br. nellri,trN n,ill
Mcirl#lou Riodc,u, cinct William S. Bill('1'}10. mi),fir 1,1·ne-nciurica) 881.79Bulfin. John F Alta,36' et' 0'>ir,Ir;i. .11'(It)22:i,; '/ruitin'andWilliam J . 81111|11 . 1,;'Refirift ) ieR ) ..................... 4 , 372 . 92
Cobb , Rcibert IL , Jr, ( i:obert H . f' i,1 , 1 , (Ind Iti, xe W . c '(ilib.licirR ) , . . . 299.28Con.klin, noliciri k): (.li,di·;b R. ('0,;1619,1 Kati,i,' .,Irne>AClarl /) . -.. 2 , 007 . 7 .9
Drevs. Elaine *.' >#to'tic.rt 'M.'D;er v <ind Trait,,·'6. 'Ihers.bencticiaries)....········· 3,780.64
September 18 419 1959
Refunds and Death Benefits (continued )
lirftindM of . lreit In Illitted Contrililitio ] 14 on De : ith : (contintied )
Gatigh : 111 , Airnes Mary (,: i : tri · .1 / 41 , 71, 17 · rt . 1/ art / ( 9 (111 <111 (111
Und ./ OX ('Ph P . ' Ifzilf;/mn . Andiciari-0 .........,„.=-. S .. 062 . 9 ('Herit · ik : en . 3111 , 0 1 ;. (Jolin L , smith , benefiric „·, 1 ) ......1-11 · 11 ( 11~ . 1 , 1 -:,( limir M . ( Xhirlilt . te,in . il,lintt 41 , 14 1) tiin , 1
3 673 . 06 *Lwhi //rudka. bric#,·1 <11-iw)Nelson , Frances ( Marfitic ' ritt· Ir . Ni ·lmirn . bencilcia ·!0 ... 2 , 1 54 . 56 .Oneal , Opal 13 . (.11 (irrict J c'(In Mont fin )11 © rif . beneficial ·10 .. 1 , 627 . 40S : tvoy , Res, te N . (.ltic ·/icirl X <, 1 · 01/, 1 „ n #(· ifirli ) .... 1 ,· 110 . 96St : 11) 14 · ton , 1Cmily V . C /'citi · i , 1 .· ./. .: t ,11 , 4 · ti,/ 1 . i,e /// fit.i ,/ r ' i ). . 1 .·1SG .: M /05 · 16 . 12
*.li:ill,iti~ilt
Single 1':lyment Ilenrilt on Denth of Tencher.4:
Bigelow , Betty R . ( 1. Cqlic S . Ilificlour . bcnelleiart, (l ,id.lfar,/lou Big·/010 and lf-illicim N. liis,cloic. minoi· bone-tic:iaries) ..............
Bulfin , John F . ( M(11·flit )· rt 0 'nearn , Mathe ir Bullin andifillin in .f. 11:, 1/in , 1,<·,irtic·irin c·:)....... .............. 4,030.00
Drevs . 1 ,: laine V . ( Nobert M . I),·crs cind -Wcilter G . Dret · 8 ,benifiri<1111 *) I . I . .....
.1 . 050 . 00
Galighan , Airnes Mary C .: iwtri · .1 / ni ·,/ i , i ·,· t .linr .,/ (;(111 ,} 11 (ln2 500.On(ind .Tox<' 1) 11 P . Gnitillurn . brnrtifia ,· fr..) .....-. I . I
I-Talzishka , rever ( Rn:*r X . Ibilushka . benrficiari/)...... 2 , 501 ), 00
4.200.00
O'(-;rady, .Toliri- J. (7'lic·i-,·.:41 ()'(11·cid.i/. h,·ii·)Oneal, Opal ]3. (.1/,inm ./run .1/ontf/omer.i/, ?J('tir/icim·J/) - :;.750.01)Roticoli , Louis P. (Mal· b' L. 1 ;Onc'(Ili . 1 , t ·,irficiant . Trrese
A 717: Ron,·,ili, 7'11(ij,10,·r Lot,i,g /;o,iroli, Lotii.9 Pltillil) Ron-cOM. Lalrrence .joseph Noncoli and 7-ir,;inia Mcirir Ron-eoli , Ininor benelicicirirg ) ...... I . ./.*. I . ./ 2 , 500 . 00
Snvoy, Bessie N . ( Michael Scirow . benelle' iar ? 1 ) .. . 2 000 . 00
Stapleton , Emily V. ( Pilt ,·01: J.' Stapletirn . be ,zeficiarit ) . 4 , 050 . 00 30 , 750 . 00
Single I'nyment lienelit on Dentli of 're:irlier-I'clivioner,4:
1151 : set t , 11 „ 11 :, 1 ( 1 M. C /·. 11 , 1 1 / /1 . /1 ,1 : Att . brnet]cia ,·10 .... 500 . 00
I-Tr. nt· ikson , .Trino B . (. Inlin T,. S ,nitll . beneficiar ,t ) I . I 600 . 00
I·Irudka, T..adimir M. (Sh 1,·7,·i, .7(,1, ..thbott. apid Olit~li1,add 1 / )·! tfilm . bent'liciciries ) ./.......... 50 0 . 00
ITzi ,rfrins , Alier 1 ,1 . A . (Mnron H . FillqrlinR , benefirial·10 · · 500 . 00Moeller , Cier: ilcline fllimam /6 .1 / r,(' 11 (' 1 ·. 1)('71 rficifirt ,) . 500.00
Xrl >Hon , Frances (.lfn rimerite H . Nelson . brnrficia }·10 ···· 500 . 00
St : n· ers , Mildred 1:. ('1 ·.' 1 ) Im <1 . 1 . Atin · ri ·x . 1 , en 'Beilt ·11 ) ···, ,; Au . Mi ' J
Refurnd of C,intrililltion+ for Servier in Exce<M ('f ·1.; YerirMin the *111(,unt Applic·able :LM :1 11 011'Ket to the Driletrilry for4/ri·ice Prior to ,hil.· 11),'11 :
231.00Cross, Kathryn M. 471.00Craig, Roger M. 89:4.30Caviling-11, Mary G. . 168.00I·Ieraty, I\Inrjo L. +67.80lielly, Nora M. ....... 63.OnI,owis, Doi·01111. V, ... 147.00TVilkiii.son, I.:ir-inia .T. 18,1 9 nMiran, A kne M. ... 211('.·10Watvon, I·Irlen A. ... W.60 '1,828.90BI:inry, Mary H.
Refund (,f Contri])11(10]IM Deditrted hy the 110„ril OfEd,Iention Dilring I•:mI)loyment , n :111 1(ourly 1;ZI.414:
Cohen, Mathew ................ 43.14 43.14
itc•fundM nle Dialiliention , in 11 ,· nb;ion Deduction,4by tile 1*0:ird of Ed,le„tion:
II,21·tni:in, T.c . on" 134.5516.31Malrs,ko, Alex. Jr. 16.31 167.17
Somrok, Richard
SCI,terilier 18 420 :959
Refunds and Death Benefits c,·„„, ill 11 '( l )
Reftrn €14 of Vb lilin,· M' I 'c. n ,41 „ n C~ontrilitltion , ft,r (' r '· 4 ! 1 (:, 1 , 14 ·C'hic•:liri) '1*enching Her,ire .ltit]Ii,riz.ed I)>· the 11)51) 1.:ni :
Bioff, Mch·in L. ... .. .1,)4,451.110:(·if), .\lfr,·,1 -\. 11':.::1('c·ry:inic·, H:,1-„1,1 IV. 1 21.,;"1·'er·Lr:inil>:, Ii-alt,·r K. 1 :: ; I ') 1 1
Fi:lk. -\111·,th:1!11 ·····Ganey. Mic·Ilvt,·1. Jr. ..(inldrnan. 1;,·1-11:11·,1 I.Goridy, Lou i H .T. . . 1,(121;.':KH.,M,·ns•·,·. Th,·r,<1„1·,· 1Hartmanrl. Frank .L ... ::(15.,11K:ilin. Snlc,mr,n . 3%,1.:i.Kiehn. hn·iriw W. . . 11.7XEuprpwicz. .1„s,·ph .T. . K::. 1; 0i,phmari. Fri·,1 0.... :X.()1)lia ,·r'iw·chi. R.11,1011)11 . lf)1.<,1M:,11ov. Marsh:ill .. 1Mc'L,·:in. 1·'11#:r·ni· .T. .-· 227.1XMicha•·1 IT-illi:,111 M. 11.25ATill,·t·. s,·im,)111- S. 1.5.06N:id,·n, IN,h,-·rt I). . 71:.0111,·winnn. Wilson L. Ad~152;2f.nli,·1::i. (11·,1·1,·>4 1'.Pol·an i:ichard T. ..... 143.56Pt:ik. St:iril,·v T. ..... 46.6.1Solit:1.r. .Tris,·ph ....... 87.5"Sorj kin, M:i rvin IC. ..... 1 + 7.72Widon. Irwin .. :ix'.27W i lenx. How:Ir(1 G. ..... 15,2.01) : *1.126.51;
Reflin,1. n/c· .jdj,1,4(mi·nt,4 in Rnic·M or C'(Intrilititli,134:
It:,rry. .T,·an N lf.50T":rnnun,·i,·r. Lw·Ininr· R. 17.(,0Hurke, M:ir,· K. .... 1 K.;011,·itin.ti,·r. Aiii·luicli· N. 27.50Rooney, Joan S. ... ···· 1,70Arnirin, TtoN,·81:iry G. ... '. d'' >1 4....
$255.4,2 .6
On motion by Miss Taegart, seconded by Dr. Lally. the foretroing reports andrecommendations of the. committee were approved. Expenditures for the pay-ment of refunds and death benefits were authorized and confirmed for earliaccount shown above by the following roll-call vote:
Aves-Mr. Petrie, Mr. Meierdierks, Miss Taggart, Dr. Lally, Miss Me·Vey-5.Nays--None.
Duplicate Warrants
The Committee on Finance reported that the persons named below requestedduplicate warrants in lieu of the following described checks which were re-ceived and lost. Affidavitc c q·tifying these losses and in each case indemnify-ing the Fund against any liability, damage or expense which may result byreason of issuing such duplicate warrants were (lilly filed. Therefore, the
1959Septcmlir 18 ·$21
committee rel·c,lillizendrd t}mt w:11·i·:int: he issited to the persons nanwd belowiii the amounts indicated.
NI1111€6 Am.unt Jilintier 1):'tr 1'"ri)(,Me
Donohit,·, nlive V.........$131.,;7 ; Sn 1 2 6/30/39 Pension 1':evinentDuke, M:irc,·lia .......... 41.7x .1 7 BO t 5/ ~ O/5 :I 1': 11:i„11 1 '.1 .111 ,·Ilt
Dut·kin, E.,th,·r·in,· .\. .... P.;.21 275ti,I l'ellil„11 11:l>'11]ent1)111·1~iti. K:,(11,·1·111,· .\. 32712 3.31/59 1'*·11»liti 1':11 111,·iltKenn,·cly. G,·„,·:.t:, r. 4,4; 21 6/30./59 l'ensin!1 1':8>·In,·tlt
1:„f 1/1.1Shi·*·12:111, M:,rv .\1111,·. ....1 H.00 !10,/50; 1 '20/64 cif l'*11111·ililitionsSt:£1)1(·t„11. X,·ili,·7'. 1,;2.1 ,;' 1 61/ 1'',lisit,11 1':l>·111'·llt
On inotion by lIi:s T:~Ar.tral.t. seconcled 1)1. Dr. I.ally· the recominendation oftlie coinniittee was al)1)1·ored and the n·arrants ,vere ordered drau·n by thefollowing roll-call vote:
Ayes-Mr. Petrie, I\Ir. Meierclierks. Miss Taggart, Dr. L:illy. Miss Merey-5Nays-None.
Purchase of Bonds ConfirmedIn accorciance with the advice of LaSalle National Bank, investment counsel,and in a mail vote prior to the date of this meeting, the Committee on Financereported that the following securities were approved on the yield basis notedplus ac cl'lied interest. The committee recommended that the Purchase of. th,e,s.
securities be confirmed and that the bonds, debentures and equil)metit tru. t (-1 -tificates be registered in the name of the Fund.
A"",1,1't Dixerilition <If 11 1, 31(1,4 1 ,:/1 <. 1,11'r (,f 11,4,
(I'lir 1-'11'ir) 1:818 «' of Firm -____1.'//.Ii.3,/1/,ritj_.1..i!1
U. S. Gorernment$450,000 U. S. Treasury ·Hv; Notes, Sel'ies A 7/20/69 5/15/64 4.GS g
Fint National Bank of Chicago
I)ominion M Orna,la150,000 City of Monti·ral, Canada, 5%'; 7/ 1/59 1/ 1/SO 5.29':
5.18';100,000 Sinking ]•hind I-),·lientures for l'ilblic
Wor kYFirst Boston Cortioration11:irrinmn Itipluy & CO.
150,000 City of Montreal, Canada, 562.5 7/ 1/5,1 1/15/SO 5.211';
50,000 Sinking i.und Del)entures for Lor:11 5.1 S fi
improvementsFii'>st Boston Corporation
Pzil,lic Utilities150,000 Consumers Power Comp:lily ·192,; 8/ 1/59 Sl 1/59 4.61,5
First Mortgage BondsBear, Stenrns & Co.Goodhody & Co.The Illinois Co.F. S. Moseley & Co.Mull:iney, Wells & Co.P:.ine, -Wobber, J,Lekson & CurtiSTVhite, Weld & Co.
Septcniber 18 422 1959
Purchase of Bonds Confirmed c ( 01:! in . i-d )
Xm¢ilint Di·v·rit)lii,/1 „f 11„,ads 1)ati. I)„te ,)f i.,)I I':tr 1-niue) Anine ¢if i·'irm 1%."(·,1 11:,flirily Yield
Rci i Irc,ads5150,000 Chrsanr·ake & Ohio P.:,ilw:iv Compatly 6/ 1/59 6/1/71-7:: ·1.60%19~ I.: Second Equipment TrustCertificato: of 1959
Halsey, Stilart & Co., Inc·.93,000 Chicasro, Rock Island & Par·ific 2/15/69 2/15/71-S/15/72 4.75('AP.ailron,l Company ·1123 EquipmentTrust Certificatess, S,·ries: rHalsey, Stuart & Cn., Trw.
100,000 Illinois Central Railroad Comp:ini· 4/ 1/59 10/1/64-·1/1/71 -1.75%·1'; T'riwir,mc·lit_ Tru:t Certific:it,·><Series 47Halsey, Stuart & Co., Inc.
50,000 Illinois Cr·ntt·,21 Railrodd Companv 9/ 1/59 3/ 1/71 4.6591 1.6 '; ICituitmient TI·114, Cortificate,4,Series 48Salomon Bros. & Hutzler
250,000 Pittsburgh and Lake Erie Railro:icl 9/15/59 9/15/70-71 .1.70':Compnny 492$ 1Cquipment TrustCertific:itest of 1959Eaftman Dillon. TInion Socurities & Co,Salomon Bros. & Hutzler
250,000 Seaboard Air Line Railroad Company 6/ 1/59 6/1/71-74 1.70,544 ',2 Equipment Trust Certinrate:,Series SHalsey, Stuart & Co.. Ine.Hemphill, Nriyes & Co.McM:ister Hutchinsson & Co.R. W. Pres™prirch & Co.Shearson, Hammill & Co.
150,000 Snitthr·rn Pa cific C o nitinzir ·FYI ;1 8/ 1/59 8/ 1/74 4.851Ermimnint Trust Certificates,Series No. 6Halsr'y. Stitart & Co., Tnc.R. W. Pre.sprich & Co.
On motion by Miss Taggart, seconded by Dr. Lally, tlie above transactionswere approved and confirmed by the following roll-call vote:Aves-Mr. Petrie, Dr. Lally, Mr, Mcierdierks, Miss Taggart, Miss MeVey-5,Nays-None.
REPORT OF COMMITTEE ON ANNUITIESAND CREDENTIALS
PensionsThe Committee on Annuities and Credentials reported that applications forPensions are presented for persons, hereinafter listed, with the recomniendationthat the pensions be approved and granted in the amounts and under theconditions set forth herewith, In the case of each applicant for service ordisability retirement pension, the employment of the teacher had terminated,the legally Prescribed minimum years of teaching service were completed, andrequirements with respect to age (if applicable) were fulfilled. Each applicantfor reduced retirement pension made clue and proper election to receive suchpension in order to pay a reversionary pension to a survivor after death asateacher-pensioner. Each applicant for disability pension was cleclared by three
September 18 423 1959
Pensions (continued)
competent physicians to be suffering from a disability which wholly and pre-sumably pernmnently incapacitates him for teaching. The applicants forwidows' and reversionary pensions furnished proper evidence of their rightsto receive such pensions.
Memlier'* Schni,1 Keritce To .inwmlcir 1 r.. I}:11,· 14·,1.i(,Il
X,). Numr „r ,!rinber M €,511|)4./'M 41:it u. 11 „,+. 1).1 1·,3 Fri) 1,1 11 . 11.
Optional Serrice 1:*,tirrin (,itt Pension:10085 13ird, Junnita P.......Felsenthal ........ .33-9-00 9/ 1/59 83,523.441 *)086 Ill:~ney, M.il·XI-I.......IMH,·11 ........ ~ ~..·15-0-05 4/ 1 54 4,077.00
4 n n o r .lilumenthal. liar·th.l ..Kelly High ........28-·1-10 9/ 1/59 -.......1 OSS 131·own, Helen S.......Talcott ............30-0-00 9/ 1/5 -., I ...'-.,Ill n.
528 Brown, Ralph T.......I.anc High . .27-9-10 4/30/5 2.1;52.00997 Britock:, Ilutli L.. .... ]Cd;rebrook 30-8-00 9/ 1/5 3.167.88
+ 0 5 !) Buscher, Estelle F88? u,vvn,zc~.1~1<.,1~c~ack--- '6 jHf}US««NESE El}Sj NiNY092 CrisHry, Lucile ......I·'lower I·Iigh .......28-9-11) 9/ 1/5 2.BGO. 6 409:1 Dierks, 14. re:11·1......>:trinmetz High .....;3-5-00 9/ 1 /5 :1,47,1.(; 1
7 3 7 1; 01·:nright, Ant) A.......lb>· ...............25-6-000,7,1 (Mult, Gert:·ucle A... ,Mors:,111 1':trk High.:19-6-10 95 1/5- 4.121.04011 (loilen, Mal·ie le.......IN'<·Iltanc, ..........·11-:;-10 9/ 1/5. 1,277.0-1=-095 Gladst „,10. 7Targaret 13 . 1 ' lussing· .......... 27 -,1 - 00 9 / 1 /5£ 2 ,:: 56 . 20096 Goht, J. Fred......... Peiret, 1 'tgd. .......J,&1 -1 -00 !1/ 1/5£ 2,816.6,1015 H:i,rgard, I·Inrold W...Strinmets. Hitrh ....il)-8-00 6/27/55 . „.. .„
: 097 II:irold, Gertrude. I,aw.11.vde I':irk High....:19-9-10 :'/ 1/55M. S liayes, Irene ]C.......ledison .... 9/ 1/65 4,677.00
1 100 Mossel, Bessie 1......,Armour ...........39-0-00 9/ 1/55 4,053.4 S101 -nowni, 12,10:inot· .....('oonley ...... 32-3-00 9/ 1/5: 3,071.76
h)0223 Ind, Helen K.. ........Amindson 1-Ii;rh....3)-2-10 9/ 1/55 3,114.721102 Irwin, Mel·le ]C........ 11111·.Child Study....37-3-10 9/ 1/55 3.882.00
~ ]10:~ Jol~:i>]02~ M~~rie J_ ....Spent·et·~ ·· · ~5-0-00 iNISm *AGIRg1104 .Tohnson, Si;rrici M.....Trilst,12 181·. Jr. CoN..2,0-5-00 9/ 1/5! ...-. .-,1 1 05 Johnson, Virginia J...Palmer ......···· -22-1-10 9/ 1/55 1,958.767026 Kempster, Marjorie ..Amundson High ....:~-9-00 9/ 1/65 0..,-.'.''
1 0 (; 7 Kinney, J:inet L....... Eclwards .......·····10-2-00 6/27/5' 3,910.82)106 Ki·i>:an, Anloin,·tte K.I[ammond .;6-4-10 9/ 1/5 MIl 50.24)0':0 Li·jk,), 12101·ence L... Itrcler .......·····39-4 -00 9/ 1/5 4.095.00)107 Lessin,Fannie .......Lowell .....· ·· · ·· ·27-1-00 9/ 1/5 2,522.04)072 31:irtin, Helen Z.......Substitute . .······15-1-00 7/ 1/5 815.SS)033 Mc'Dermott, Frances C.Pullmwi ......·····2:1-4-10 7/ 3/52 1,:;06.·1·1
1)108 Mc·Donald, Grace .....Pasteur .....·······46-0-00 9/ 1/5 4 fi-.00N903 Mellor, Rose C........Gray ......········:1%-6-10 9/ 1 5 3.705.24
1)069 Mever, Frances K.....Gale .....······.··-t,-2-00 6/27/5 - 2, 3~{3 31 )10!) Nouhauer. .Josephine . .><palcli 1164· IIi;rh ·· ~)1 10:i !1 Oloksy, IIrlen V......1,10>·cl .....····· T :NS-nzAB 85-,158- 3,798.121 70·10 Pailinn. Mary B......(':irl,(,Elter .....····32-6-10 9/ 1/5 2,892.961)110 Rof']11, (:hiirlotti......Sc·hurz High ....... 5-2-10 2,44,9.2.11)045 Rotunno, Helen H.....Sullivan 1-ligh ······~('-ic~ 8<sUR 1,816.081 707.1 Sc'}11:rrer, ~Indelinr T.. Kozininski ..······LS :, 6/ 5/St 2 296.3211111 Shore, Alarn·aret I.....Parker Elem. ......2.1-.,-10 9/ 1/55 2,2,14.721 )112 Shot·o, Miles V........Lindhlom Higli ....40-0-00 9/ 1/5! 4,157.·10
8/28/5' 1,350.00110%2 SI:Lter. ]·:velyn F...... Hvde 1':irk Hig .... "4-7-00 9/ 1/5) 2,2·16.6·11~1:; Ctr:wr6!'91'~.A.;.....1..81>n.el~.fr..1'~~~irrt·· ·2}Jit~ 9/ 1/5 1 L:;65,249/ 1/5 1 3,011.761 )115 Tind:£11, Anne N.......13:21·11.11(1 ....····· ·Li~J~-f~ 9/ 1/5 1 2.55%.it1-)111; Trod:,h], Pr:irl P.....T,neke
1 )117 T:·rwker. 131:inche ('...AN:tin 1-lixh ······ ~&11-0-00 9/ 1/5 1 1.05:1.1K1)04·1 Walsh, Marmiret 13... lihil Stwrician ······21-6-05 *414 ~ 4~ N~5~10051 JVrber, Dcirothr F.. . . Lane High ··· ···:!';-6-~~] 9/ 1/59 3,003.7210118 Wrilli:ims, AIarghrel 1).Orr :incl L,wis ······~,2-1 -10
9/ 1/59 4,160.4010119 1-Lizel, Alrnes C.......,T:Emi ....····
(On e'lection of a rerri-siontti·,1 liension jor <1 81 3 2·il·01'3 in tlin (111101(}11 01 81,506.00prr 1/f(tr, Miss lift=il'B reli)-emrnt 1)(,IRion Of $ '1.380.8 '1 1}fr iii'(11" 1,(IR rediti·rd 14
tlie. 1·nte 8?uncn cibore.)
('i„:11)11!sory Serric,• Retircment9982 -,\.brams, Elizabeth S..Christoplier ....···· 49-4-08 6/27/59 4.:956.00•9 !191 Allfree, Marv I,.......r'Villinni Groon ....40-1-00 6/27/69 3,900.96.9992 Altman, Marthrna M..Bowen Iligh ..·····31-7-00 u/27/59 &)..1-" 1 A -7 •'
September 18 424 1959
Pensions (contintied )
Member'+ Mt·]icwl Ser,·tee 'I'(, .,n"u:,1or 1 rs . 11: ite 1 '(·!lrioilX.. A.,m,· of '11(·1311,(·r MA.inlier'M St:lt 11,4 M,IM. Dn.M 1; r„i,i 11.111.
Comptilsory Serrice I:rtirenwitt i ', il : i „, ix ( 1 ·, Intinited9993 Altrneyer , Pearl C;..... 1 ': it -] ~Mide ,· f ., 1 /- * $:. 421 . x 4 .10056 Barks: trom , 1 ·. dith It ...· I ' linieson . 1 ,'-iA / ) . 2 (, 5 . 04gf~·1 1,irby, Mai·gu,·rit,· P..1-01·estrille ..........1-%-00 6 27/ 1
10057 Block. Gertrude H....Traters ............· 1-1-10 7/11/ 1 .:82229 1 -9995 Bonner, 13,·Mgie E...... 12,1 rr:linit High ....· 0-0-00 4/27/ 199 9 6 Brennan, Hazel K.....Nobel .......········1-5-011 ,;/27/ ) f St frks:9998 Burns, Helen K....,..Roosevelt Hich ....··1-0-10 6/27/ 1 . ,:;.1 5.3210000 Cates. Michael M.....Chici:,go Vot·. ......: :1-2-00 6/27/ 1 :,81 6.S 1.10001 Cavanagh, Mary G....Spal,ling High ..... 8-2-1.1 (;/27 ' 1 ·,325.61•10076 Clasen, Herman .\.,..Lane High ........· 6-6-10 ./- , + ·.259.:;6•10002 Connor. Catherine· T..Henry .............. 7-0-00 6/27/ 1 ·,359.:10•8595 Craifr. Rogrel· M~ ......Cl·,ine Hilrh ........ 7-!'-00 6/27/ I .3 50.36.10003 Crain, Kathleen ......Lowell ............ ·1-5-10 6/27/ 1 ..:; 1 7.248708 Cros.. K:,thryn M,....Burns .·6-5-10 6/27/ ) :,:isO.04*10004 Daugherty, Annal,elle.Stone .............· 1-0-00 6/°7 .,265.76*-0005 Davidson, Abraham ..Sullivan High ... .1-2-00 6/27/ , '00:2. '/ 20006 DeChatelet. Airries M..rwA: ······ ,;/27/ .1 ·,::58,40•0007 Dickey, Isabella H,,.. Rav ...............-7-3-10 6/27/59 Mit).36.0058 Dunn, Sibyl S.........Wentworth ........25-·1-00 6/27/59 1.-1 87.84*0059 Ed(lv, Louist· 13.......I':trker High ····.··,7-6-10 7/ 1/59) r.671.xx•0060 Egan, Anne M.......,Div, of Music·...... /5-1-09 6/27/69 .,359.3(;0008 Engdalll, Pauline h,..Von Humboldt ,...,.3-1-00 6/27/5') ,181.64*0061 Frophlich. Rosa H.. ·.Earle 7-!1-10 0/27/3 4 ·,359.36*0010 Gardner, Gretchen ,.. Senn Hisrh /5-7-0() 6/27/5 1 . ,489.48•0012 Georges, .Tnel S....... Wright 131·. .Tr. C.'011..:2-4-10 6/27/5 ) ',185.40- 0076 Gibuin . William ..... Wt·ight Br . Jr . Coll..· 2 - 0 - 10 il 5 / 51 , 083 . 360013 Goff. Lola R..........Burr .............$0-0-10 6/27/5 1 2,915.88*10062 Goodspeed, Grace li,..Sherwood ···········1-0-00 6/27/5 A ,265.76•0063 Gouv,·crts. Cora . C)'1: eeffe 1-0-00 6/.27/5 1 :,985.20•0077 Groorn, Trill:ird L.....Steinmetz High ....L)-7-00 6/27/5 ) 1,26 6.56*nol·; Grundin, Ellen 7......Brown 20-7-10 6/27/5 i 2,059.92O 0 6 4 I-Tale, Grace B........T·;bilig¢·r ...........·11-9-10 6/27/6 ) 4,07 4.0(:•0016 Hale. Margaret C....,5,11·11· .............25-6-10 6/27/5 ' 2,510.8 KOf)17 Harris, Esther K..,..Tuley High ........38-2-10 6/27/51 3.727.420065 Has:ott, Holen G ,.... Chopin 45-4-01 6/27/51 4.:159.::C;f,01 8 Heffernan, Adelaide ..KnHclugzko ·· ······40-0-00 6/27/5 1 :.891.GO•0099 Hendc:rshot, W. G...,,Rot,Huvelt Iiigh ....·to-5-00 6/27/5 ) 3,11:,8.40.10019 1-I,·r:ltv. Marl,· L Mc·Cormic·k 45-1-00 6/27/5 1 4.359,360020 Herrifigton, Emily E..M:inler Elem. ......·13-0-00 6/27/51 4,172.280023 Iser, Mabel C,........Kelly ~High 40-S-10 6/27/5 J 3,971.16•0066 Josenhans, Helen R,..Choi)in ............41-6-00 7/22/5 ) 4,323.72002; Kelly, Nora E....,...Hibbard ...........48-;5-15 6/27/5 1 4,359.36*006% Kirby, Mariraret E....Gresh:rm .47-8-13 6/27/5-) 4,359.36•0078 Koodyker, Harry ..Fenger High ......·16-6-00 8/ 5/5 1 4,677.000027 Kooller, Ruth K,-...Stockton -.........39-7-00 6/27/51 3.863.64•0028 Kriewitz, John G..,.. Engle,vood High ..:14-8-10 6/27/5 1 3,·109.920079 Lang, Sadie MeD.....Harper High ......41-2-10 6/27/5 } 4,006.6 8-0080 Lauder, Mabel L......Imne High ......,..4.3-0-10 6/27/51 4,176.96•8828 Lee. Bernice H.....··Marshall Irich ....40-8-10 6/27/51 3,166.80*10029 Leech, Hope ....,,...Lake View High....41-9-00 6/27/5 1 4,069.·11*10081 Lewis, Dorothy V....,Prescott .........,,4,1-1-10 6/27/5 ) 4,359.:;6
Mscdon,ild, Esther _Lindblom High ....4.1-0-10 6/27/5 1 4,270.1.1Melin, Elsie S. ·······Nausen .......·····38-2-10 6/27/5 , 3,712.44 010034 Moohle, Henry 1,1. ...Lincil,Inni High ....43-5-00 6/27/5 7 4,219.0810070 Moore , Anna M......· Burbank ......,... 41 - 4 - 00 5/21 /5 N 4 ,() 22 . 04010071 Moore. Ferris L. .. Doolittlp 37-5-10 7/ 8/51 3,662.521003; Mulcnhy, Joann„ S.... Stilliv:in ]Clem. ....3(6-0-00 5/ 8/51 :1.19:1.20.10037 Nieltind. Mollie B.....Flower High ......39-5-00 6/27/51 3,8·14.92100389170 Nihill, Ft·ances C,····Clay 37-3-00 6/27/5) 3,639.12
10055 0'nrien, Jilnet M,····Crane High ........34-0-10 7/ 1/5) 3809.84O'Brien, Sara ........ Stockton ...... ..23-0-10 6/27/6 1 2,271.60•10041 Pfeil. Emil W.......·Crane High .......48-0-00 6/26/5 1 4,359.:;C;*10081 Prescott, Annabel c..Div. Human Rela...40-3-10 6/27/5 ) 3,124.31;10042 Reineking Enielyn A.Harnmond ·········29-8-10 6/27/5 1 2,894.0.110043 Ritter. Harold C......Steinmetz High ... ..17-6-00 6/27/57 4,359.3/;.8852 Rot,Brts. Louise A.....Sullivan High .....43-6-00 6/27/5, 3,619.68•10044 Rogers, Don C........Associate Supt. ....39-7-10 7/ 1/61 :;,868.3210073 Ross, Lula M. ,Hirsch High .......41-9-10 8/17/51 4.349.6210046 Smitter, Claude ,.,,.. Fen ger High .33-4-10 6/27/57 3.279.0010047 Stokes, Margaret B,, -Cornell 49-9-05 6/27/51 ·1''i,9,).'~fi•10048 Stroscher. Minnie M...Roosevelt High . ..16-4-10 6/27/ ) 4,359.36•6220 Taylor, Barbara R. .Nixon 45-5-15 6/27/ ) 4,:159.36•
Septemlit·r !8 425 1959
Pensions (continited )
Member'M School Service To Annzintor YrM . Dnte PenMion
Nante „f 11€' 1/1,/r MA,!111)(•r'M Sl:1111,4 MIR. DnyM Fruili Rnte
Compulsnry Sprriri' 124'tire·,11«,rit Pensions (rontinurd)li)0.If) Trw. .To:t.ph G........11:,r,-th„rn•· ........:Phi-fil il'27/59 .$:;.;-11.961{11~X:: W:wkrow. Ia,·„11:1 M... 541~:~lding Ilieh .....·16-3-00 1 2,' :,9 4.359.:;601"050 Tr:,ter.. ]Clix:th,th iT.. 1.„0>:evi·It 1 cit-1, ....·It-6-00 6'27/59 4,421.92
X:1:17 Wat ,(in. II,·len .\.. . . .I,t·wis-Ch:implin ...15-7-00 :&/27/5!1 4,()Xii.4 4*
91 !1!) TV<,i:miller. Janet L...I,:ike View High...36-3-10 6/27/3,}10.32 -Weitzin. Edith M.....(;,mi,ers ...........21-7-00 ., - 1/.'.1 2.117.2x10"5:; A-kkinson. Edn L......Tenner .............51-0-00 1;/27/59 4:,5,1.71;•1005·1 Ii-ilkin>,cm. 1,:11·ini,i J..1'111!man ...........·15-3-10 6/'-/'·592, . 4.359.36.9292 TZilli>:. Helen C.......121„wer Vor. Iri:rh...11-0-Of) 7/ 1/54 3.G:12.04*
1 4)021 }·lippchen. I'(ln:l P....1)i\·. of Art......... 10-4-00 0/27 59 8.174.61(011 clection of ft rerfraionar!/ prnsitin for a stirrirfir. in the mnount of $2.500.110
t. tlic ratc *11(111'21 al,in·e.)10036 Murt·ziy, Nellie F...... Ili,Sable IIigh ......·11-5-00 6/27/59 3.0::7.08
Con fli'(·tion of a rel·¢'I·.8,0,1,„·,1 ven..ion ffir n ..1,1 t'il·01·. in fln· (iniount Of S.1.0.17.0.:tier ?friti·, Mi·.. Miti·i·(1 11'8 rrtircine}it I,C }laion 01 5.',.016.40 1)rr 111'fir trils rrdurrdfi) flic )·flfc ..dioirn fIt,ore.)
• A' 7,; rritits tritch ,·r i · i 'tir,·11 cliter rf -,· int) 10 !micitt on a trmporn )31 1)( 1 . 18 .
Discihility Rf,firiwient Ven:i,ingD-·IS 5 Curtin, Cathryn C....lirculwoll ......... .29-2-00 2.:70.12I)-·186 (21>itafsnri. Mildred le.Tule>- High ........20-1-00 1,402.08
ir'idow.' Pe„.i„,INWA-2,0 I3:~ss:ott, Emily D. .........,...........SS-S-00 5/13/69 1,364.01
(11-ido w of /Nitin/,1 -1/. /:ir.:.ectt. pr,1 8,4,1¢'i-)WT-·12 Roncoli, Marie L, 27-1-00 6/ 8/59 759.S·i
(Widinr o.f Lonix P. Noncoli, trarlirr)
Rer(.rsi(mary PrnsionR-ons Star,-·rs, F,mnia J. ... .,..............43-9..AS 6/ 1/55 2,1:Yl.PR
(Rerri·Nionar,/ brielicioni 61 .\2ild ,·cd E . St (i ref ·s . f mchi ' i·- pensioner, retired 6 / 26 / 5 '1cm red,ired prnxic),1 of $9.131.28 11!# clection dill!, lited.)
Summary r ,/ Pensions GrantedOptional service retirement pensions..........55Comi)111:ory sri·vice retirement pension:. .... SGDisability retirrement pensions...IVidows' pensions
Cle
] +
Reversionary pension
On motion by Miss MeVey, seconded by Mr. Meierdierks, the recommendationof the committee was approved and the service and disability retirement pen-sions, widows' and reversionary pensions, listed above, were granted by thefollowing roll-call vote:
Ayes-Mr. Petrie, Miss McVey, Mr, Mcierdierks, Miss Taggart, Dr. Lally-5,Nays-None.
Appointment of PhysiciansApplication for disability pension was submittod with the recommendation
that physicians be appointed for the examination of the applicant.
On niotion by Miss McVey, seconded by Mr. Meierclierks, the appointment ofthe physicians, listed below, was authorized.Armin F. Schick, M.D., 1700 W. 87th St., Chicago, Ill.Bernard J. Michela, 401 E. Ohio St., Chicago, Ill.Edwin S. Sinaiko, 104 S. Michigan Ave., Chicago, Ill.
To examine: Sylvia C. Twomey, Yale School
September 18 426 1959
Cancellation of Pensions
The Committee on Annuities and Credentials reported that the followingservice retirement pensioners have been re-employed as teachers by theChicago Board of Education. Therefore, pursuant to the law, the committeerecommended that the pensions of the persons, hereinafter listed, be cancelledas of the effective dates of re-employment.
Type of Itate of DuleName 14"Mion Re-el"i)103·edI't·,14 1(inCocks, Beryl E. ... ..Hel.vice.. . $2.719.20....... 9/7/59Ganey, Marv M. ..., ... Service... .. 1,310.04....... 9/7/59Grundin, Ellen Z. .54,·/·/·ice.. .. 2,059.f:; ....... 9/7/59Kellv, Mary H..... .. 54,·I·vice.. 2,Grs.Ks....... 9/7/59Po:<tel, Harold H. . Service... . 3 700.20....... 9/7/59Sinnard, S:ira L .... ·~ 2'583.00....... 9/7/59...Service..Tobin. Della B, . Service. . 05:.00....... 9/7/5,)On motion by Miss 1\IeVey, seconcled by Mr. Meierdierks, and by the followingroll-call vote, pensions for the persons listed above were ordered cancelledon the dates indicated.
Ayes-Mr. Petrie, BIiss MeTTey, Dr. Lally, Air. Meierclierks, Miss Taggart-5.Nays-None.
Special Consideration of Disability Retirement PensionThe Committee on Annuities and Credentials reported that Alice McNefr, adisability retirement pensioner, was re-employed as a teacher in a public schooloutside Chicago during a period when she also receive(1 disability retirementpension payments from this Fund. The amount of these payments total$2,686.03. Originally Mrs. likNeff's pension was granted to her on the recom-mendation of three physicians who certified that in their opinions she wasPermanently incapacitated for teaching. Under these circumstances, pensionPayments were withheld beginning May 31, 1958, the date evidence of herre-employment was received. Since then Mrs. McNeff has been requestedrepeatedly to repay pension payments accepted during the period of herre-employment. To date, Mrs. McNeff has not complied with these requests.Further reports also indicate that Airs. MeNeff is not employed as a teachernow.
In order to determine the proper course of action in this case, a report onMrs. MeNefr's conclition was solicited from Dr. Charles B. Congdon whoexamined her at the time of her original application for pension. It was hisopinion that Mrs. MeNefr was permanently incal,acitated for teaching thenand also that she is now incapacit.ated.
The committee recommended (1) that Mrs. MeNeff's pension payment accruedfrom May 1, 1958 through August 31, 1959 in the amount of $521.60 be appliedas reimbursement to the Fund for pension paid during the period of her re-employment and (2) that all future pension payments be withheld and appliedas payments on this accrued obligation until such time as the Fund's claimsare fully satisfied.
September 18 427 1959
On motion by Miss McT'ey, seconded by Air. Meierdierks, the recommendationsof the committee were approved and the above-described procedure for therepayment of pension payments was duly authorized by the following roll-callvote:
Ayes-Mr. Petrie, Dr. Lally, Miss AIc'Vey, lili·. Meierdierks, Miss Taggart-5.Nays-None.
Outside Time and Military Service
The Committee on Annuities and Credentials reported that afridavits, or otherevidence, attesting to or certifying ( 1) service in the public schools of theseveral states or in schools operated by or under the auspices of the UnitedStates outside of the City of Chicago; (2) time spent in the military serviceof the United States during the pension period; (3) service as a playgroundor recreational instructor for the City of Chicago or the Chicago Park District;
(4 ) employment as a civil service librarian in the Chicago Public Schools orthe City of Chicago; (5) employment by the Chicago Board of Education as
a school clerk; and (6) employment as a lunchroom manager for the Chicago
Board of Education are hereby presented for the persons hereinafter listedwith the recommendation that they be approved ; provided that in the case ofoutside teaching service no inore than 10 years be credited and also that the
last five years and three-fifths of the minimum term of service for which an
annuity is granted shall be in the public schools of the city.
Ser,·ice Ser,·iee Creditm1/inw of ~ember School (DI·Meriliticrn) (YrM· MoN. Dny,0
T,·aching St,rrice in Piti,lie Sch,„,1 8 or Uncler tiuspict'S (,5 th¢. U.S.Canipbell, Anne C. ..... ... Kiliner .....········· Teaching ............ 3-0-00.Jelinok, Otto T....... ..IVilson Jr. Coll........Teaching .. 7-0-00
Pelerson. Ituth K ..... ..Americanization ..... Teaching . 4-3-14
Purcly, Loretta F... .Substitute Teach in g- 1-0-00l{()bill, Charlene ...... ..Substitute Teaching . 0-4-10Ronninir. Ell.i G. ...... Sul):titute ...Teaching ..10-0-00
Sehroetri·, James ..... ..Wright Jr. Coll.......Te:iching . 1-0-00
Sheen, Roma S. ....... .. Parker High Teaching ..10-0-00
Sonnenschein, Morris . -Aniericanization .... .Tcaching ... 1-6-15Toren, Ragna P. ....... .Substitute ....... ....Teachine . 3-6-00
Trimble, Timer H. ... . .Amundson JI·. Coll.. . . .Teachim:r 4-9-00
Military Scrrice of the United StatesGilson, Williani ..... 1Vright Jr. Coll.......Military 0-3-03
Emphiynlent in (hher Chicago Gorcr,Impital- Lunchrooni Manager.. 8-3-151':vami. 1 Irlen .1. Recreational 111:tr. ... 2-1-08Gilson. William ............ Wright Jr. C,)11· ··
Gould. Ruth A. .............Tulev Ilish .1,ibrarian 11-2-15,..54,·hm )1 Clerk 0-41-1011*icien, Adrea lI. ........,..1':11:nut· ...... Reereational Instr. 0-8-00
iftl:2'0711114~~'2'al~i!1~ f... :.::.: ... 'fafti~tY;51~ iii;r~~i ':~-::Recreational Instr. ... 4-6-16
On motion by Miss MeVey, seconded by Mr. Meie idierks, the outside time andmilitary service for the persons listed were approved by the following roll-
call vote:
Ayes-Mi·. Petrie, Miss BIc'\rey, l\Ir. AIeierclierks, 1\Iiss Taggart, Dr. Lally-5.
Navs-None.
Sci,ten~ber 18 428 1959
Revision of Outside Time Credits
The Committee on Annuities and Credentials reported that the total validatedoutside teaching service exceeded two-fifths of the total time considered inthe computation of a service retirement pension for Margarett E. Shore. Inaccordance with the requirements of the pension law, the committee recom-mended that Mrs. Shore's outside time credits be reduced from 10 years to9 years 3 months and 6 days, that contributions therefor be adjusted andthat the records of the Fund be changed accordingly.
On motion by Miss MeVey, seconded by Mr. Meierdierks, the recommendationsof the committee were approved and the above-described revision of servicecredits was authorized by the following roll-call vote:
Ayes-Mr. Petrie, Dr. Lally, Mr. Meierdiet·ks, Miss Taggart, PkIiss MeVey-5.Nays-None.
REPORT OF COMMITTEE ON PENSION LAWAND RULES
Disposition of Referendum Material
The Committee on Pension Law and Rules reported that materials used forthe referendum, held on March 12, 1959, were carefully preserved for sixmonths, that they were no longer of ilse for any future reference and werenot required as evidence for proceedings in any court and recommended thatthey be destroyed.
On motion by Dr, Lally, seconded by Miss MeVey, and by the following roll-call vote, the recommendation of the committee was al)proved, the referendummaterials were ordered destroyed and the report of the committee was orderedPrinted in the proceedings of this meeting.Ayes-Mr. Petrie, Miss MeVey, Mr. Meierdierks, Miss Taggart, Dr. Lally-5.Nays-None.
Septeinlict· 18 429 1959
REPORT OF COMMITTEE ON PENSION LAW AND RULESRevision in By-law Seven
The Committee on Pension Law and Rules presented revisions in By-law 7of the Rules and By-Laws of the Board of Trustees which are designed togive effect to the recent amendments in the pension law. Additions are initalics and deletions are enclosed in brackets. The committee recommended theadoption of these revisions.
In--1.41'V ... iCl,1:CTIONS
wretion 1. Not later than Saturd:ir of the fourth W,·ek 1,1·rerding the datelixt·(1 by law for the election of trustees, there shall be mailed to the judgesof t·tretion in each Melic,01 (ir voting unit, a notice of the election st:iting the(1:Il,· and plnce of said ,·le,·tion.
44·,·fi„„ 2. .\ pollin,r pim·t, sh:,11 1,t. loralt,cl in ,·ach >whool or brant·h 11:11·in:.rsix or more Lcontribillors.1 tcize/,c,·,4 and also within the Board of Educationc)||1(·,·H. -\1·1·:,11;rements therefor shall be made by the refliective judge,9 of(•li·:tion.The 1,0114 sh:ill be open [in each sehot,1 on the claY (,f election] at such time:ls the [eontributors] tccif·hc,·8 in each such polling Place shall by majorityVolt· decide, and :11.111 1-1·111:LIn 01)rn (trit·ing the school (l,l> · for whatever l,orimi..f time t>< necessary.Any [ person ] teacher dt ' Mi ring to vote by mail shall applyto the ofnce of theBoard of Trustees for such ballot. [The applicat ion] .,1/,Ph'ention therefor mav1)4' br niail or in Person, but muxt be rrerivt'd at the 01!iye not litte.r than ten(10) (!:ly: prececling the cl:it; c,f the election. The n:ime 01 such :it);,lic:int Sh:111111' stric·k,·17 from th:' regixtration sheet for his Polling pl:we :ind shall be:„lded to :1 list ~ 1),·r:„11+ cle:ilin#r 1-(, vt>ti, by mail. The hallot must he re-turned 1,%· mail, and must be Ii·eceived at the omer] Po .Atmarkcd not later umn[the clity] tir„ (/(11/8 Limmediately preceding] prio; to the daff,·91 t.~I,f'rlftt,Wr,%it nitint 114· t·tic,1,):c'(i m a :e:llmi ellve](ilw markecl -"'1ure:ind the naille andi•tlic·1 .1,e 1 „Ki·th;t· witli .1 fi,1·171 be.iring the voter'24 silin"lzt:in rI,vel(,1)e addres:4ed:1(lcil·eMS of hiv regular 1,<illing 1,1:lee 3{11:,11 1)1· ,·Iiclosed t!to the oilice of the Ho:ird of Trustees, postage pret)aid.
d Australian ballots shallMr,·tion :t. For each such election of trusteeS ~~~'l|11]tu autlientiented with thebe 21,9,1. noth nflicial and st,ecitnen banots - 0 11 -Board of Trusteesfru'Militile Hignature of the Recorcling Socretal'Y of thedorved therron. Onlcial ballots Shall be printed on whitt' paper and specimenballots4 on rolot·ed ]):iper.The n:inws of e:indidates (,ntitled to be placed on the ba.lIr,~r :liall he grouped
mt TM, :inlliiic.Li.sndll';M':i W/].lti'imro~l~7 aun;st:~tt~MY,rost\,j't tlcihn Jm,5Zyi:imient· in each Position Within the group, 30 far as Possible, on an equal nu In-ber of ballots.
Ke«·tion ·I. Not Intel· than tht, Inst Frid·ly in Sertember, there shall be elected
BLYict,;it.}ic /,fltu,)1 ,~1,~U 3'hibi.iiclic,~,1,JJ/lo;n~yi'~11~dh~rsmct.teo~ect'~i~r~fU;JIfsoloF~y~I!ration, Lonel thi·ce judges [and two clerks] of- electic:Y opfrol~(il~ico,~Ltiont:rnd :Id-
u. x,·hool>; in odd-numl}ered clistriets of tlie lic).1"linistratiVe oflice. of t.lity Honi cl of 1.idile:iti°it;' ~:~:Y,111_1311110111~,c.~·21hcljr:(·14>etion in odd -riumbered ye,irs, anci schoolstric·ts of the Board of Eduratic,n shall hold such ,·lection iIi 4·von-numbe/·ed years. :try of the nioeting heldb. A creciential. signed hy the chairmirn :ind se 'ret
M: 2~:35,~e~idlit¥fl~Le,8~~Cncd Ciliimr fi i:[R,i~(~1~1~~~C,ilf'ftlnr~lrimysS,r·LNS:Tr~the Board of Trustees . 1 omec (d the Fund.
c. An>· election judge [or clerk,] Kho sevrrs hw connoctionA with thesc·:hool or voting unit which he representv[,1 shall therel,y fermin:it;his omce as judge [ or clerk ] of election , and the [ contributors ] tenchenill th:it *'11()01 01' votitim unit shall itilmediatelY fill the var:ilicy a Iidnotify the [ Recording Secretarv of the Board of Trustees of ] nmec 01thi' /·'und of said action.The ill(loc who )'fecil:£8 n 1)luralitil of the rotes caRt for thrlt OmCC (1180 #11(111Me,·re (lit the ret)·CRantative 'd the j'und. In tlir crent of a tic rotc the Flin,1'4,· rl ),·c. Rentatil · c shan be cho ,friz f,·om (, Moll !/ th ¢ 11 '1:·111 - f 'Irrt ,· If ju ,! fleR bu lot .
September 18 430 1959
Sec·lion 5. Not 1:itel· th:ili Fricl:ty of thi· thircl w,·,·k 1,1·,·,·eclinlr the (i:lte fixedby law for the election, the Board of Trustee·s Shall choose by lot members oftile canvassing board ruit· 1,·rms of two year: front the judges of £·1,·(·trnli ineach school group, a: follows:
a. The school districts as lixted and numl,··reel by the Board of 1Cclut·:ltionare the districts referred to in this 1,>·-law.
b. In odd-number,·d years thre,· judges nf I.11.·Ction 3411:111 be chosen fi·,1,77each of the odd-numbered districts and one froni the administrativeoflices of the Bo:LI·cl of Education.
C. In even-numbered ye,lt·.s three judgis of eluction shall be chosen fromeach of the even-numbered districts.
d. A judge of election tn be thus chosen sh:ill have indiented a Willingnessto serve as a memher of tlit, Cair.L:Ming bc,ard.
e. lk·mbu·ship on the canv.ls.sing board shall <:e:·ise if :iII>· member leavesthe group he rei,i',:sents.f. Vac:uncies occurring in said niernbership :hall be filled by the no;ircl
of Trustees in the manner lirovicled herein,
Secticin U. '1'0 in:ure 1114· 01·(1(31-1.- conduct (,1 electioll>4, tlie 1:reot·(ling Sert·*·l:,1'Vis ch:lt*>(1 with the following (iliti,_·s:a. For the information of [contributors] tcaelic,·8, notices of election of
jud;res [:ind clerks] and of m;mber: c,f the 1;oard of Trusters .hall beSent to all schools.b . Inunediately upon receipt of each petition , thc, [ contributor ] teacherWhose nanie h,is be,·Ii presented theri·in as a candidate for trustee shall
be nritified th:it such petition has In·,·1 lili·d :ind hi>. 13:imi· will :,I)1„·:,1on the ballot Unless he sh:111 Nubmit noti/ic:at ion in N 1-iting [notif~· t.lieRecording S,·cret:Lry I not 1:iter th:,11 t,·11 d:ty. before the el,·elic,11 of thewithdraw,il of his name as :i eundid,itc, :111(1 unless the (':lilvassingboard finds his petition insullicient.
c. Not later than i.ight ciars Iii·ior to the 01,·ction, thrre sh:ill he mailedto each rjudtre of election] Ar·hool or votin,/ unit not 1044 than one HI)eci.men ballot for ear:h [contributor] leacher.d. As Moon :is possilile :ift,·t· the leceit)t <,f :l lit·01)61· .11)1}liealic,11 for n
ballot to be cast by mail, such h:111„t shall be di·liz'ered or mailed tothe ·applicant. On its return it shall be clelivered to the CanvassingBoard.
o. Not later than two clays before the election, [each] the jud;rea of oloc_tion shall be provid,·cl with the fullowing election m:lt,•lials:( 1 ) [ Two registrationl Reghtmtion sheets containing [ a list ] listsof [ contributors ] teaclicra entitled to vote .(2) Supplementar!, registration shecta (Ind certificatca of identillecition for
other quttlitied voter*:.[(2)] (3) The ballot box.
( 4 ) Blank cortificates for the report to the canvassing board .(5 ) Letter of in # truction .
[(5) 1 (6) Securel>· s(·:lied envelolle ((intaining of!lcial ballots.1 f. 08 rect'ivill,r 1',·:,lili.: of (.17.:tion fu'om the C,lki';18>ling b..11(1, a writti,nnotice thr·ret,i' sh.,11 be 111:ti led to e:leh ( :l 11(liclate[,] und n 1)1'inted noticeto each [conti·ibutor] tcachi:r.
5. The Rec:(,r,ling Secret:lry, or Much other pers(,11 :14 the 130;trd of Tru:tresEli:,11 dc:Hi,411:itc-, Shall perform :ill clzities I),·1·t:iining to the election notOtherwise assigned hy law ('1' by-law.
Section 7. The judges 0/ dection [and clerksl arc charged with the followingduties:a. During the yeat· [tlley Shall n ,·t a. r,·1,1'Osent:itives of the Fund in the
distriblition lc, 11),3, c·(,ntrilitit„rs „1 1,1111,·lilli, 111:iti·I·i:110 :ind 1,1(1·r,·climrsof the Board of Trustees] the; judy/C, .41·)-1-ing al¢ 1·Cvi·cHentirtive of the Fund,
September 18 431 1959
8 lin/t distribute to thi' tracher.9 in his sehoolor admi,liB tratirc o/Nec (trltich crerthe Case mal; be ) (111 1 , 1 ·oceedings, ,·cports , bullitins or other materids iss // cdby tlic Bourd of Trustees.
b. The judgi·.9 .shaN [C] conduct the election of trit.:treR. [in accol·dance withthe following instructions:] In the crent a judfic o.f de(·tion i: unfible toscruc (in ch'(·tion da!#, the otlier judgi·x shall appoint 11 replilet·incnt judge fromamon!; the km·hers (it the 8(imt *hool or r,iting unit. 'l'ben the judges 811,111proceed W Jollou 8:
(1) Chrek :111 election suptilies zipon their deliver>· except the oflleialballots.
(23) Make the following pre;,arations immediately before declar·i,igtlle polls open:
(, 0 Ver· ify [ and add tol the ,irrnics Of vc ,·sons listed on the reg: is -tmtion sheets r,1. [the names of the followilig contributors:]..1 N J/ (11 < est 10 ,1 : O ,· irrevularities should be reported immediatelu tothe of/ire of the Fund.
[Regularly assigned playground teachers.]
[Newly assigned te:iehers.]
[Recently transferred teachers.]
[Superintendents, supervisors, to:whers of speri:11 8,11)jec·tv, orother contriblitol·S not permanently assigned to or located inthe school or· oflice of the 130:trd of Edlication at the time ofthe election.]
(b) Strike froni the registration shoots the names of tenehors whohave transferred or· resigned. Teachers who hnve been granteda sabbatical 10:lve, sick leave or military low·e of absence hythe Board of Edlication nre [c'onsidered as contril,litors to theFund and arel entitled to voto.
(c) Examine the omcial ballots and report to the pension omceany deficiency in the number.
(3) Declare the polls open.
(4) Conduct the election in the following manner:(n) [Thol .4 judge shall hand each qualified voter one ballot, and
the [clerks] otliri· judi,r.q sh:ill thereill,on ehec·k On reci:tra-tion sheets the narile of such person recrivine a ballot [.1 :provided that for this nul-noRC a lierson whose. 11(11)tr doeR not ap-
Derly· on tltr alitliorirrd renistrrition Rhett 811(111 be dremed to be nqualined roter if lic Kion# n st,itement to tlic el'frrf tlicit (1) he iRcurrentlit a rontribitor f o flic Flind. (2 ) 1,r linA not roted bu mailin thiR election, and (3) he lins n,)t unted fit 011!1 otlic'r polling plcirrin thi ,9 elect / O , 1 .
(b) Tf the ballot is foldecl so that the f.nesimil,~ si:rrinture <111 theback thereof is plainly visiblp. rthe] n judge shall [castldrposit the maI· ked and folded ballot into the ballot box inthe Prosonce of the voter : ind [ clerks ] other jitdoeR.
(c) Drsil:nate nny nuniber of [rontril)zitorssl trache,·R to assist inMer|!114 th:it i:,·(·t·,·ry c,f tli¢· 1':Illnt i. 111:tint:1ille,1 1,·1!11 thi, tim,
the [contrilizitorl roter rec,·ives the b:illcit, 1·*'t|re,4 t n IiiarkHur'h ballfit, an,1 until the hnllnt i: cleposited in the ballot box·and that there shall bo 11„ electionorrin,r or soliriting Witliinfifty fert of the follinir I,lace during the election,
(d) Declare the polls closed.
(5) Perform the following duties after the polls nre closed:
(a) Immediately seal the ballot box.
(b) lfor:l):!~ figinr,~St.1nteelinrnt cefr~if~'ingitl;%~282~fr .0~11~al-
conducted in nccordatice with tlle Provisions of the Tionsionlaw and by-laws
(c) Not later· thrin '1:00 0'clock (,n the afternoon of thF election,the judge shall deliver to the canvnssing board the sealedballot box, 11'lused hallots, refristration sherts :and the electioncer·tificate.
September 18 432 1959
Seetion S. The canvassing board 13 charged with the following duties:a. On the day after that on which the time for filing petitions for candi-
didates for nomination expire>·. the canvassing board shall onr:inize hyelecting a ch:lil·man and secretary, :hall proceed immediately to ex-amine the petitionv rec·eived from the I:ec·ording Sect·etar>· und shallcertify to the Board of Trusters the n.un¢,3 entitled to be placed on[ said ] the ballot .
b. The canvassing I,oard 811;111 assemble fit tlie otlke of the Board of IC(in-eation Int :;:00 1 1. M.1 on the cia>· c,f th,· el,·ction to receive n 11(1 countthe ballots in the following manner:
( 1 ) Receive from [ each judge of election ] the judgeR 01 election ateach Achool or voting Unit a se:lled ballot box, unused ballots, reg-istration sheets [and certificates of election.] , documcilta and81,1)plie8 pertinent tri the election . After verifying each certificatewith respect to th,· total number of ballots returned unuMed, thenumber of [contributors] kacher. reported voting as related tothe number on the registration sheet, and the total number ofballots{ received, thi· chairman and secretary of the canvassingboard shall furnish [to each judge·l a receipt for the election ma-terials and [said certification] do elimtnt R.
(2) Recrive from the Recording Secret:ir·y all se:iled envi'101)ex cori-taining the ballots cast by milil, the voters' statements of identi-fication, and a list of till pel-Bons who previously had indie:Lied adesire to vote by ni:iiI.
(3) Place the ballots in & rec'eptable for that purpose together withballotg froni 1111 (,th'·r 1)01ling !)1;L(·CH.
(4) Proceed to count the votes on the ballots nt 5:00 P.M., or as soonthereafter as nossible, provided. however, that at lenst two-thirdsof the members of the Canvassing boal·cl shall be Present, and noballot boxes shall be rer.eived thereafter.
(5) When the votes have been counted, the canvassing board S hill 1certify the results of such election to the Board of Trustees :indshall deliver to the Recording Secretary securely senled packagesof ballots counted, discarded, and unused.
Section D. The Board of Trustees, nt its next meeting after the election, shallenter in its proceedings the results of said election and for six months afterthe election, the ballot,4 :ind election milterials shall be carefully preservedAt or lITter the expiration of Much six months ' 1 ,01 · iod , [ Haid ] the hallr} tH : in , imaterials Mhall be di,stroyed [by bm·Iling] ; In·ovirlr•cl that Such nmtrrinls al·c,no longer of use for any future election: and provided further that if proceed-ings shall be pending in any c·f,zii·t in which Kilch ballots or Other materialmay be required as evidence, [such ballots and material] fhcl, shall [not bedestroyed] be vreacrved until such proceedings are finally adjudicated,
On motion by Dr, Lally, seconded by Miss MeVey, the recommendation ofthe committee was approved and the above-described revisions in by-law 7Were adopted by the following roll-call vote:
Ayes-Mr. Petrie, Dr. Lally, Miss MeVey, Mr. Meierdierks, Miss Taggart--5,Nays-None.
ADJOURNMENT
On motion by Miss Taggart, the meeting adjourned to meet at the call of theSecretary.
Recording Secretary, Pro Tem.
Septemlicr 30 433 1959
' REPORT OF THE PROCEEDINGSOF THE
Board of TrusteesOF THE
Public School Teachers' Pension andRetirement Fund of Chicago
Adjourned Meeting-Official Report
Wednesday, September 30, 1959
An adjourned regular meeting of the Board of Trustees of the Public School
Teachers' Pension and Retirement Fund of Chicago was held Wednesday,September 30, 1959.
The President, Mr. Petrie, called the meeting to order at 4:00 P.M.
The President, Mr. Petrie, appointed Dr. Ann M. Lally to serve as RecordingSecretary in Mrs. Light's absence.
ROLL CALLMembers Present: Mr. Petrie, Miss Taggart, Dr. Lally, Miss MeVey, Mr.Meierdierks--5.
Members Absent: Mrs. Light, Mr. Caples, Mr. Murray, Mr. Whiston-4.( Mr . Cal)le ' R absen ,· c lons dile to thC neccamity; 01 bring ont 01 Chicago on budness andMr. Whiston's ab.cnre l·(1,9 due to a B,·Crioutt commitment.)
September 30 434 1959
REPORT OF COMMITTEE ON FINANCE
Temporary Clerical ServiceThe Executive Secretary reported that, in order to maintain high standardsof efficient administration for the Fund and also to provide complete servicesfor members, there is occasional need for temporary clerical assistance.
Accordingly, the Committee on Finance recommended that the ExecutiveSecretary be authorized to employ such clerical assistance on a temporarybasis at prevailing hourly rates.
On motion by Miss Taggart, seconded by Air. Meierdierks, the recommendationof the committee was approved and the executive secretary was authorized toemploy such clerical assistance on a temporary basis by the following roll-call vote:
Ayes Mr. Petrie, Mr. Meierdierks, Miss Taggart, Dr. Lally, Miss MeVey-5,Nays None.
MISCELLANEOUS BUSINESSAppointment of Members of Canvassing Board
Dr. Ann M. Lally, acting for the Recording Secretary, reported that in accord-ance with section 5 of By-law 7 the trustees have chosen by lot the followingmembers of the canvassing board from judges of election who have expressedtheir willingness to serve in this capacity.
Name +C h(,„1 I)1Mtriet
Terms of Tiro Years Ending Sept,•inber 1961Albert Froedman .... ...Roosevelt High ........... ...No, 1Bc,\·grly Kmwans ..Murphy ............'........ .. No, 1Donald W. Wable ... .. Peterson ................. ..No. 1Anthony Torres . ..Havenswood .............. .No. :;Minnie Esterman ...... ... Jahn ......................... ... No. 3.James B. IIanson ..... ..Schneider ................. ..No. 3Leonard H. Sollo........ ....1*'„reman INgh . ............ ..No. 5.Tudith Hoochkirk ..... .Orr ............. .............. . No. 5.lames P. Sol}el ·····-· ...
VI). 7... Su)We ...................... .. NO.
1{aymond T. Behnke,,..,, ····Cooley Vocational High.Ebmnor R. Inumpt·. ...Oti., ....········· -······ ..X').Jessie Sledge........... ··Jeriner .................... ..No. 7Nannette C. Taylor . ...Gladstone ....~..~~....... ...No. 9Bettina ]C. Schwartz. .. Jackson .. ................ ... No. 9Inez E. Ringer....,.... ...Garfield ...................... ..No. gAnnamelin Gentry ... ..Abbott ..............·····-Walter F. Leyden ... ····Haven .................... ...,No, 11Berth:£ C. Williams...... ....No, 11Ewen M. Akin,,....,., ....1':rizlewood High ......... ..No. 1:1Thelma II. Johnson. . ....1'arkni:rn ....~.~...~.~~.Katie T. Ellis. .....~.. ,,,A. C). Sexton................ ...No. 13Anita J.Moore.......... .. ...No. 15M. Cal·oline Emich. .... ~3:i t·ton .................... ... N~.15Helen B. Goldbacher. .,...1,incibl<,In Iligh .............. ...No. 15Thomas Coe ......_ ....Chic.ago Vorgitional ITix}1... No. 17Julia K. Mfisco....... ...Addams ................. ...No. 17Muriel A. Young..... ...Mann ........_.......... ...No. 17Dorothy Boyce ....... ...Adminimratiu: c )fner,9
j,It
September 30 435 1959
1/1/1/ e School D 1+ triet
Terms of One Year F.,iding Sept,·nil)*.r 1960(Ti, Fill icicancirs)
Dorothy IC. Erickson..................Mather Ilixh ............. .. Xo. 21:obert Hammerman .... . .~Iitcllell . X0. 6.\Ilthony Pasko ..Bryant . ... No. S
On motion by Miss lIc'\'ey, seconded by 1\Iiss Taggart, the above report onthe appointment of members of the Canvassing Board was approved andordered printed in the proceedings of this meeting by the following roll-call vote:
Ayes-Mr. Petrie, i\Ir. Meierdierks, Miss Taggart, Dr. Lally, Miss Merey-5.Nays-None.
ADJOURNMENT
On motion by Miss MeVey, the meeting adjourned to meet at the call of theSecretary.
Recording Secretary, Pro Tem.
November 20 437 1959
REPORT OF THE PROCEEDINGS
OF THE
Board of Trustees
OF THE
Public School Teachers' Pension andRetirement Fund of Chicago
Regular Meeting-Official Report
Friday, November 20, 1959A regular meeting of the Board of Trustees of the Public School Teachers'Pension and Retirement Fund of Chicago was held Friday, November 20, 1959.
The President, Mr. Petrie, called the meeting to order at 2:00 P.M.
The President, Air. Petrie, appointed Dr. Ann M. Lally to serve as RecordingSecretary in Mrs. Light's absence.
ROLL CALLMembers present: Mr. Petrie, Miss Mcirey, Mr. Meierdierks, Miss Taggart,Mr. Murray, Mrs. Green, Dr. Lally-7.
Members absent: Mrs. Lig·hi, Mi-. Caples-2.f'. 1 b#nce Of 7 , Cut)1CB k:alt due to flte ne('Casit v of bring wit of Chic~tgo on bit801£ 88.)
The attorney for the Fund, Mr- Thomas F. Scully, and the actual·y, Mr. A. A.Weinberg, also were present.
APPROVAL OF MINUTESOn motion by Mr. Meierdierks, seconded by Miss Taggart, the minutes of theregular meeting of September 18, 1959 and adjourned nieeting of September30, 1959 were approved as printed.
November 20 438 1959
REPORT OF THE RECORDING SECRETARY
Election of TrusteesThe Recording Secretary Pro Tem, Dr. Lally, presented the rel)orts of theCanvassing Board on the certification and election of candidates for the oilicesof trustee and a communication from the Secretary of the Board of Educationregarding the election of )Irs. Wendell E. Green and Mr. William G. Caples.The secretary pro tem recommended that these communications be acceptedand printed in the proceedings of this meeting.
***
Certification of (1 (indiclates by the (milrussing 11(}( tr {/
Thc f · nitr· ~s ,tins; 1„#tid rcport .M thilt oil ch ' tober 14 . 1 . 59 , p (· tition .9 for the ft, 11(111- ingi'(171(lidatff trustcr id the Ptiblir 8,·hunt '1'('firlicra' 1'*iiMicin and Netin·mcmt Fund41 ('llic(too 11·cre crumincd ill w„„-(1(tnei' trith the l)1·,ji'i51ifi¥IH o f 1,11-1,11(· 7, .t·,·tinn S.Encll liftition 24 ·(18 signed 11 !1 )10 1 ,·.4 1 / 1 , 0, ti ,· rntl/- lit · e (· i , i : trittit , i ,-M , 2 ,·( 1 % likd tri;(1(11/8 brifirc the elect icin on (,('t,31„r 23,1954, und U aN rn·i·Uted 1,#1· n„ 111¢,21 flicmone candi,Intr.
Therefore. the chairmirn cind Rt·,·1·Ct,n·11 'd thiR Bonrd cci·tin# to tlic rcr„rdinf; Recre-tan; 01 the Board of Trustrem flult the f,311,)win,3 1,t·racin:8 (tre entith·d ti, b,· rit }iditicitivfo ,· thr. 4,11ires of truittre fif flit |'111,| ir SC }il, 1,1 '1 'ftle. lier :4' i 'cnimn < in , 1 1,'dircment1·'und of Chicago ffir thc. terin inili,·,11 i d. '1'11('il (ilm re(/11(·It f hat th; nilm;R ofcandicintcB entitled to lic' 1,1(14·id inl th,· 1,(111(,rf xhull lic rfit(tted >40 thtlt Mch 11(1111£Alaill (11}1}far in £(14:h Di,Riti,111, 8,; fitr (iN lir,HMilili·. 211 tin fillifil ilitmlicr of 1}(111,)tR.
Nomulated for Three-Year TernmWILLIAM I. HARBERLAURA M. LIGHTANN M. LALLYHELEN C. HOWEWILLIAM P. MOORE
Betty A. Du Pass, Erc',/. Leonard H. Sollo, ('hairman
'
Statement by C:(an r {,SKirig ilocir {1 Of l' ot {.s (ilid Ballcits ¢fr/.4 2
Votes Cast for Three-Ycar TermsWILLIAM I. HARBER 3,813HELEN C. HOWE .... 2,356ANN M. LALLY 9,645LAURA M. LIGHT ..... 9,667WILLIAM p. MOORE ..... ..... 4,036Write in 7
1-alid Ballots 1 .§, RON XI )') iled I](Illots 592 7 '„ t , 11 11 < illot . 4 15 , 31) 6
N„,011|,cr 20 439 1959
f.0/-.V/T f)/·' ('0(,A 1 8.·
77,4· uncir·i·.:i,1,1,·,/ c'hi,i,m,in iritif Ni·~·i·c·f cz,-1/ of f h, ('i:,11·,1.:ni:,1 16,4, d. .v·h-,·toiti: th,mrutili·r l,i·„t·t,6,1 1,2/ 1 8,· /:r, 1.al,·4 id f hi· /;i,iii·,1 ,if 7,·11.:t ,·i·.: of /h,· /'ti/,ht· i,·h,„,17'i'(11·11,1 |'ing,11,1,1,1 1:,·fit·,mnt l'irn,i,d Chic,190, iii:t/Ni:Y (Ekl'11·'~' (}uit (hcSNIN„In,1 zi „ tru, m:,1 + „ir,,·f .vt,Ifi·int·irt of thi· 2·„fox ,·,1.Ir for ra,·h (,1,1,/i.Ii,te .forth,· „//i,·t· of lt·„.di i tit th, /'li'i·tion hi·Z,/ in cir,·/1 .:(·/m,31 und in en·/. pu//1,1,1 phin· in('hit ·, 1 !11) 1 , 11 th ' t . li,· i · 2 :. 1 .:, 1 , , imI i , f ~11 th ,· 1„ 111 „ ts rout·,·, 1 Illid t·{ 111 1 '( INX ¢' fl ' It Xi , 1 , 1
1.| ~i ·ti ,) it . ux tititi, 11 ,·4 J ,·urn tin · tinicittl ,·nunt (Ind ,·( int ·< IN - fi . f th ¢· 1 · rit , X ( lf wi , 1 1 : 1 ,·,· fi ,on .<inci Unit t·,1,·h „f flt,· fult„„·1,1,1 C,1,1,tici(zt,-4 in·c·it·,·,f n pt:n-(:tit!/ f)1,1Ii vt,fr·* c·,ivit itr- hivrcRpretive Vt,xiii„ii irm| ix ,!,·clill·t»,i to Le dut!, clt·eted trush·t· Jor the term in,tictit,·d.·
E./,·c·trd ,„1· Thrco-Year Terms
ANN M. LALLY LAURA M. LIGHT
(;/I'L'.V :471(1('i- fiti;· j.,infi.1 thi: 2.trd clay/ of C),·tohri·, .l. 1). 1954.
CXIOn cd ) Betty A . Du Pass , 444 ( Sillncil ) Looiiard II . Sollo , cinzi ,·„„ 1 „
*
A C<,1,1,11,1:tictition from the Secrettiry of thi, lit)(trcl oj Education
('iti, (if ('hi,·(1!11,.Lfix.K /'.'t·,hm Sh,i/1/;irl. L'.ri·,·t/t~i·#· .\'ccr¢·tft;-,1/ Non inbo- 13. If)31)1'1:blic· X<·hcnil Traihi'rs ic·,IMinIt ,ind i;,·fircul,nt litnd22 ,< N . La >: a / N' 6' trict , ( 'h ic ·( r ui, 1 , I ll i 12 o i :
/har .11 i.# Tholund.·
At the 111(·ctino of the lt„i,ril „f J.',lut·litifin ¢if thi· Cit!; (if Chic·(lin, held fort·in-
bor 12. 1959. .lfri. 11-4·,idi'll /6. ('rcen and .11,·. 11-*Niam (i. (-'cz;,1,·.'¢ 1/·i're ch·ctcci to·90·re as menthfi·.9 of Nic /'ribhe xehor,1 7'cric·her.:' /'cnsion (ind Rcti,·iment Fund.each /0,· a t€·rm cif ti,·0 1/(·,D·S ¢'/7(·(·til·r Not·emlic·i· 12. 19.69.
Ninc·c ,(/.1/ 1/our.9,
(Nigned) 11. 11. lou·k.Neci·cta,-1/
On motion by Dr. Lally, seconded hy ~Ir. bleierdierks, the reports of thecanvassing board and the communication from the Secretary of the Board ofEducation were accepted and ordered printed in the proceedings of this meet-ing and the documents pertaining thereto were ordered filed. This motion wasapproved unanimously.
In acknowledgment of the retirement of Mr. Frank M. Whiston as a trusteeof this Fund, Dr. Lally presented the resolution which follows with a r ecom-mendation that it be adopted.
November 2C 440 1959
Resolution on Retirement
FRANK M. WHISTON
The Board of Trustees acknowledges Immediately he expressed great inter.officially and expresses publicly its est in the operation of the Fund, whichsincere appreciation for the service interest was maintained throughoutgiven this Board and the Public School the entire period of his service on theTeachers' Pension and RetirementFund of Chicago by Frank M. Whis- Board. He contributed immeasurably
ton...a service terminated by his to the many organizational and policy 4
retirement from this Board on No- problems incident to the managementof the Fund. He also supported numer-vember 12, 1959.ous legislative programs designed to
Frank M. Whiston served as a trustee improve benefit provisions for Chicagoof this Fund continuously for eleven teachers and to strengthen the finan-years and as vice-president for the cial condition of the Fund by an in-two years prior to his retirement. crease in its revenue allocations.With Frank Whiston's appointment asChairman of the Finance Committeeof the Chicago Board of Education on It is with much regret that the trus-June 24, 1948, he became a trustee, tees witness his retirement from theex-officio, of the Chicago Teachers' Board because his counsel and advicePension Fund. will be sorely missed. THEREFORE,
BE IT RESOLVED that the Board of Trustees hereby records its sincereappreciation' of the valued service he has rendered this Board and the ChicagoTeachers' Pension Fund, and hereby extends its wish that he may find gratift-cation in the recollection of a duty well and faithfully performed.
BE IT FURTHER RESOLVED that a copy of this resolution be transmittedto him and entered in the official proceedings of this Board.
On motion by Mr. MurraY, seconded by liliss MeVey, this resolution wasadopted unanimously and a copy signed by all the members was ordered to bedelivered to Mr. Whiston with the best wishes of the trustees-
~ November 20 441 1959
1
REPORT OF COMMITTEE ON FINANCE
Reimbursement of Contingent Account
The Committee on Finance reported that receipted bills, cancelled checks,bank statements, and other supporting documents covering expenditures forthe period from September 9, 1959 through November 4, 1959, inclusive, andtotaling $1,322.15 were audited.
The committee found that expenditures had been made properly and recom-mended that this account be reimbursed in the aforesaid amount.
BillsThe following bills were presented with the recommendation that they beapproved and paid.
AddreMpuigrnph-Multi,rrnpli Cort).:9/10/59 Black ribbon $ 2.06
Atln,1 Stntioner,9, Inc.:9/30/59 Oince supplies ......... $ 52.36
10/31/59 Office supplies ........ 35.02 107.38
110:ard of Education of the City of (hlcngo:9/30/59 Preparation of tabillating cards showlrig teachers'
Salary deductions for onch pa>·roll period from7/1/59 to 9/30/59 83.62
1.. JV. Hochni Company:9/10/59 Mimeograph supplie. ... 54.58
nullderm nullillitz:10/27/59 Office remodeling, labor and material:4.. 1,575.59
Chiengo Omee Furniture Coml,nny:10/ 9/59 2 special typewriter stands 96.90
]Inyept Statintlenl Service, Inc.:10/ 9/59 Teachers' contribution credits by Bonrd of
Education 966.2SActuarial and insurance stati-*ties 693.10
to Pension payroll changes for September.... 16.00128.65Office adrilinistration10/28/59 Election expense 135.35 1,939.38
Internntionnl nuMIneMR MnrhineM Corp.:9/1,1/59 11 hoxe, Il-3M typrwriter rilibons. 10.20
10/ 1/59 2,000 card checks (*311555) 7.10 17.30
Mnrehant Cnkullitorm:10/16/59 Repair of calculator. 3.70
Mnr,shnli-Jackwin Compnny:9/25/59 3 steel filing cabinets 393.76
Metormick nnil Ifendermon, Inc.:9/ 2/59 Printed forms and supplies. - 1,179.90
1,287.48to Election supplies ............
10/27/59 ReI)ort of June proceedings... 508.30 2,975.68
Murphy & Miller, Inc..:9/ 3/59 Labor and material for air conditioners .. 53 . 77
Xovember 20 412 1959
BillS (confinued)Ph)·MicizinH:
9/21/59 George W. I-Iolmeta, M.D., Ex:imination ofLeslie Moynihan $ 33.005/29/ 59 Edwin S . Sinniko , M . D .. lix : imination t , fSylvia C. Twome>·. 25.00 $ 58.00
Pliney-lic,ive:, Ine.:9/11/59 Postage meter rental 9/1/59 thi·,iligh 11/30/521. :"6.()010/15/59 Parts for I)O>;tage 1,11'ti'I ZA.50
linndolph ilor & 1.11 1,el ('i,.:9/30/59 477 ballot boxes...... ..... 48.05
Stiandnril Res:ider C'in:10/ 1/59 7,000 income tax forms C =:10011). 84.32
$7 570.1 S
On motion by Miss Taggart, seconded by Mr. Meierdierks, the foregoing re-Ports and recommendations of the committee were approved. Reimbursementof the contingent account and payment of bills, listed above, were authorizedby the following roll-call vote:
Ayes-Mr. Petrie, Miss McVey, Mr. Meierclierks, Miss Taggart, Mr. Murray,Mrs. Green, Dr. Lally-7. Nays-None.
Refunds and Death BenefitsThe Commit,ee on Finance reported that documents pertaining to claims forrefunds and death benefits for persons listed herewith were examined andverified. Evidence from Board of Education records shows that applicationsfor refunds on account of separation from service were made by persons nolonger e loyed as members of the teaching force. In the cases of ClifrordJ. Campbell and LaVerne H. Regnell, applications for refunds are in lieu ofapplications for retirement pensions and are accompanied by written releasesto the efFect that, upon receipt of such refunds, they shall have no furtherinterest in or clairn against the Fund. Applications for refunds of contributionsfor widows' pensions were made by male teachers who were not entitled tosuch benefits at the time of retirement. Claims for refunds of contributionsand for benefits payable on death of teachers and pensioners were determinedafter certifying dates of death and establishing proper evidence for eachbeneficiary, administrator or executor· The committee recommended, there-fore, that refunds and death benefits be granted for persons listed herewithin the amounts specified.The committee reported also that in the case of other contributors, listedherein, pension deductions by the Board of Education exceeded the amountsrequired by law. Duplications in pension contributions occurred when teachersreceived salaries on two Boar d of Education payrolls. The committee recom-mended that the excess pension contributions be refunded.
Refund,4 12/e ReMignation of ne#Tularb EmI'loyed 'IrmlierM:Ablert, Carol D, .., · ···....$ 477.90 Barrington, Carol F. $ 530.40Arig.burger, Rosemary ...... 172.00 Bartlett, John Boyd 1,611.80Sandelin, Valerle R ........ 946.60 Berkevitz, Riva .............. 1,854.65
November 20 413 1959
Refunds and Death Benefits (continued,Refunds n/c Remignntion of Regularly Employed Memberg: (contintied)
Bessemer, Lorraine ..... .$ 1.277.16 Moran, Nancy M. .$ 215.00Blair, Chester L. E........ . 2,145.48 Murray, Barbara E........ 504.00Bordeaux, Bernice 13..... 963.15 Newman, Grace E....... 837.00Campbell, Clifford .1. . 4,19"75 O'Brien, Nell L.......... 347.50Clemens, Joan Otis....... .. 1,3-iii.60 Orear, Crag ........... . 746.36Connors, Cathryn E...... . 615.40 Phillips. Mary Ellen.... . 415.65Corr, Martha W.......... . 78.35 l'oinsett, Lydia .......... . 1,118.00Donnellan, Justine 1·'. 35.00 1>ui·Keson, Lorraine S... .. 1,409.40Eberli, Alma G.......... 83:.00 Puricelli, l'atricia L. 562.15Freeman, Judith K:zine. 120.00 Rees, Margarret . 315.75Froolich, Lauretta A. 1,057.45 Regnell, L,2 Verne H. .. 3,796.40Grant, 1farlene J..... 355.50 Ittibin. Leonard 11. 2,507.09Grossman, Sandee ...... . 1,007.·12 Ruthenburg. Vera K. . S 23.67Hagedorn, Loisanti 11. 549.72 Schloefrl, Mary Ann..... . 84.00Haggerty, Janet H. 515.40 Schneider, Jov ............... 343.50Hirst, Dorothy F.......... 708.02 Schweitzer. Britt J...... .. 794.40Janowsky, Sherwin ..... 1,317.32 Secor, E. Christine..... . 747.90Kauffman, Micaela . 131.40 Solomon, Jean M........ . 1,387.04Kean, Gwendolyn E. 2,246.67 Soule, Anne U................ 533.25Kemper, Joan Patricia..... 693.75 Spungen, Norma ........ . 450.60Kohler. Audrey K.. ..... 1,213.25 Stanton, Jack W..... . 2,494.3SKoppel, Barbara J.. ...... 135.00 Taibl, Marlene J. 666.00Kovacevic, Ylinka J. 747.·10 Temkin, Rhea Lao....... .. 666.00Kramplen, Mildred L...... 1,286.10 Tucker, Beverly 1:arks... 572.10Landsberg, Dove K. 461.00 Thrik, Arlene ............... ·109.65Layton, Mary Joan. 519.00 Ward, Miriam R. 677.48Leff, Rochelle .......... 812.40 Warzoha, Eleanor F. 750.90Lintz, Audrey Rubv....,, 72.00 Weiner, Naomi J.......... .. 164.18Ludwig, Deborah W... 594.00 Williamson, liary J:ine. 280.65Maddux, Geraldine ..... 428.25 Wilson, John E....... . 466.20McCormack, Mary Ellen. 530.40 Wilson, Mary E .. 1,856.70Melinger, Marcia S. 477.00 Wojeiak. Valerie 'M...... 144.90Miller, Elizabeth A. 639.15 7.imiii er, Robert S.. .... . 2,220.48Mitchell, Joan Jr.......... 516.00 Zuckerman, Arnold ..... .. 1,050.28~oculesk 1, Eleanor ....... 919.05
565.657.54
Refund,1 n/e Met}nrntion frnin Mer¥ire of %111,Nlituteor Ten,pornrily Em!,1„Yed 'I't.nc·h€·rM:
Alport. Florence S. .$ 37S.90 Gimanti, Joseph S.......... 3 30.00Amundsen. Norman R.... . 539.32 Goloff. Arthur 'W.......... 164.81Barber, Samuel ........ 270.00 Goodall, Kav ............. 252.90Barker. Rose .......... 96.00 Gorham, Jack ........... 1,137.48Barnes. Iris Irene...... 489.00 Gratton. Lois Kaplan....... 49.50Bell, Eltle Mae.... 419.40 Hamilton, James H. 3:13.0-1Blumenthal, Jack .. 247.52 Hamilton. Phanuel J.. ... . 225.75Bobrlch, Barbara Alice... 72.00 Harwell, Eleanor R.... 515.40Bocskey, Stephen C..... . 303.84 Havlik, Carol .............. 108.00Brandon. Joyce 127.50 Hills. Elizabeth A........ .- 201.00BurroughB. Allian .. 460.56 Honey. Frank W......... 396.SOButchar, John S........ 333.04 Jackson, Lovie Ruth.... . 183.61Carberry, William T....... 84.40 Joslyn, Jane C........... . 188.10Carens, Virginia M.,...., . 171.90 Kahn, Carl L............. _ 67.52Chalmers, Joan ......... . 27.00 Kelly, Harriet .......... 863.40Charniss, Philip if. 150.21 Korita, Irving .......... . 1.311.98Cohen. Alvin Nonnan..... 130.48 Laufer. Ruth ........ 135.00Colwell, Lorraine . 487.65 Lawless, Fannie Mae. .. 237.00Cooper, Marilyn K. . 1 8 5.85 Laivrence. 0314' 13........ .. 266.40Crofton. Washington A.. . . 629.32 Leahy, Mary C.......,, . 317.40Dnnovitch, Sylvin C...... 266.40 LecoN, Dernosthrnes TV....... 228.03Davis, Douglas Q............. 316.73 Lengn, Frances M. . 266.40Dixon, Kntherine S...... 989.·10 Lewig, Lois R..........., 792.00Dooley, John Henry. ..... 824.51 Lichteristein, Frank . 135.04Du Sable, Cliff .......... 477.07 Lome, Daniel H... 1,101.84Egan, Karen ........... 121.50 Mahoney. Marjorie Ann. . .. 702.90Enkowitz, Sidney ......... 927.4.1 Meekow. Patricia ······ . 75.00Evans, Philip .......... 33.76 Marguerite, Dorothy J 989.40Falasz, Arline J........... 225.On Martin, Sarah ··········. . 989.40Feld, George H............... 739.34 Mayer, Regina ·········. . 711.75Field. Ethel .............. 229.21 McLean, Joyce 132.00Finley, Elden D......... 253.20 Miller, Afarth a S..., . 253.35Fitzgerald, John M....... 673.20 Mockoveak. Milan J. 910.38Fox, Mildred Walker.... 12.00 Morton, John J.. Jr. 11 8.14Furinan, Jacquelyn G. 65.40 Mozinski, Judith ....... . 127.50Gallagher, Thomas B..... 99.00 Murner, Anne T 51.60
November 20 444 1959
Refunds and Death Benefits (conti,incd,Refunds n/e Separation from Senke of Sul,Mtituleor Temporarily Employed TeneherM: (continucd)Nadolny, Walter ..... .$ 65.24 Sholts, Doris .......,... .$ 503,·10Oggins, Virginia D..... 240.00 Starr. Marilvn Q.............. 240.30Olofsson, Harold W. 603.07 Straughn, Elaine W.... 391.20O'Malley, Noreen T. 222.00 Tatsul, Tadashi . 300.42Pachucki, John J... . 629.32 Testnond. Donald ............ 45.00Parsons, James E.... 944.32 Thomas, Bessie L... 989.40Peterson, Doris B...... . 4 S .00 Travis, Beatrice 300.00Pia rows k L Albert R,. . 295.34 Wagemnrin. Jacqueline ...... 34.50Polka, George E., Jr... 65.64 Watts, William A
650.52267.SoPowell, Wilda P...... 989.40 Wegener, Richard B...Price, Theodore R...,.... . 874.75 Weischedel. Allan 310.35Rava, Oswald .......... 296.28 Weiss, Isabel S......... .. 89.25Ray. Helen B.......... .. 372.30 Whitfteld, Billye J............ 156.90Reimer, Donald ....... .. 54 S.72 Wilson, Karl Harry..... . 248.64Rothman, Lorelei J...... . 556.67 Wright, Lucy H....... 1.185.60 ~Rubin. Irving 1........ 445.34 Yavitt Sandra .............. 54.00SchaefYer, Robert H.... 584.32 Zieboll, Marjorie M. .. 38.25Schneider, Francis R. 84.40Shlifka, Ruby 367.65 $·10.365.06
Refund#, of Contrlbution,9 for ;Vidowpl' I'enplion#¢to Per,ions Not Entitled to Such lienefliM:Applegran, Clarence O............ .$ 535.88Crown, Victor M.....·················· 528.39Stemm, Louis A............ 528.39 1,592.66
Refunda of Accumulated Contribulloilm on Death:Conway , Helen V . ( Margaret C . Comrnli. Kathe)· inc A.
Contcal/ and John .lf. Conic(11/, benct?ciaricB) .....,,... 4,351.37Dolan, Mary Gertrude (Ucnrirtta L. Dolan, bencticia,·V) 3,033.60Durkin, Mary R. (11'alter .lf. Dui-kin, bencne'far,/3 ..... 2,975.35Mitchell , Mary M . ( Rusarll B. Jfitchcll, benellriar!/).... 3, 058. 25ROgers, Beulah (Grace Rogen, beneficiary)....,...... 4,773.30 18,191.87
KinKIe Pnynient nenent on De:,th of TencherM:Conway, Helen V. ( Mcirflaret C. Conwal/. Katherine A .
Conter,1/ and ..rohn .lf. Conicay, benenciariu) .......... 4,200.00Dolan , Mary Gertrude ( Henrietta L. Dolan , benellcia ,·10 4 , 350 . 00Durkin, Mary R. (11"alter .lf. Durkin, beneficiary) ....,. 4,350.00Johnson, Robey, (Ellen if. Johnson, bone/iciarl/)...,.., 4 500.00Mitchell, :\Tary M. (Ru*18(11 B. Mitchell. bencticiary) .... 4,050.00Rogers, Beulah (Grace RogerB, benellciarlo ... I 4 , 200 . 00 25 , 650 . 00
Sinhile l'nyment Benefit on Death of Tencher-Penwionerm:Broughton , Mary H. (John H. Harrold, beneficiarv,
Francis E. Harrold, minor beneflciary ) ... .... I . ... 500 . 00
Dodge, Mildred W. (Ruth D. Becdc and .lfabct D. Bouk,bent/iciarieR) 600.00
Jerolaman , Marie K . ( Laura Enater Kreaac , benellcinry ) 500 . 00Kann, Matilda C. (Emma E. K 1088 and Cha,-1('8 C. Aann,
bencnciarirB) 500.00 2,000.00
Refund,1 of Contributionn for Service in EXCeRM of 45 YenrMin the Amount Appltent,le „M nn OffMet to the Ilenelency forService Prior to July 1931:
Flynn, Loretta E 886.89Gleeson, Alice M,. 226.20Hutchinson, Frieda P 106.50Wenzel, Bess I.... 458.40 1,677.99
Refundn a/e Duplication,1 in pennion Dednetionsby the Board of EduentiontCausey. Marion S..·······~- - - - 26.10Green, Joseph 49.60Lubera, Henry R 16.31 91.91
$156,267.03
.
November 20 443 1959
Refunds and Death Benefits (co,ittnucd)
On motion by Mhs Taggart, seconded by Air. Meierdierks, the foregoing re-ports and recommendations of the committee were approved. Expendituresfor the payment of refunds and death benefits were authorized and confirmedfor each account shown above by the following roll-call vote:
Ayes-Mr. Petrie, Air. Meierdierks, Miss Taggart, Dr. Lally, Miss MeVey,Mr. Murray, Mrs. Green-7. Nays-None.
Duplicate Warrants
The Committee on Finance reported that the persons named below requestedduplicate warrants in lieu of the following described checks which were re-ceived and lost. Affidavits certifying these losses and in each case indemnify-ing the Fund against any liability, damage or expense which may result byreason of issuing such duplicate warrants were duly filed. Therefore, thecommittee recommended that warrants be issued to the persons named belowin the amounts indicated.
Nnme Amount N,imber Dnte Purt}OMe
Reinstein. Beatrice G....$ 66.67 72043 10/30/59 Pension PaymentZohner, Clayton L. 210.63 67988 9/30/69 Pension Payment
On motion by Miss Taggart, seconded by Air. Meierdierks, the recommendationof the committee was approved and the warrants were ordered drawn by thefollowing roll-call vote:
Ayes-Mr. Petrie, Miss McVey, Mr. Meierdierks, Miss Taggart, Dr. Lally,Mr. Murray, Mrs. Green-7. Nays-None.
Purchase of Bonds Confirmed
In accordance with the advice of LaSalle National Bank, investment counsel,and in a mail vote prior to the date of this meeting, the Committee on Financereported that the following securities were approved on the yield basis notedplus accrued interest. The committee recommended that the purchase of thesesecurities be confirmed and that the bonds, debentures and equipment trust cer-tificates be registered in the name of the Fund.
Amount Deweritition of Ilondx Diate Diate of To(I'ar Value) Nirme (if Firm IMMiled Maturity Yield
U. S. Government$500,000 U. S. Treasury 21,6 % Bonds 2/ 1/44 3/15/70/65 4:64%
Salomon 81·03. & Hutzler
675,000 U. S. Treasury 5% Notes 10/15/59 8/15/64 6.00First National 13:ink of Chicago
November 20 446 1959
Purchase of Bonds Confirmed (continued)Amount Delleription of nonda Dnte Date of To(Par Value) Nnme of Firm IMPitted Maturity Yield
Dominion o j Canada$ 50,000 City of Montreal, Canada, 5%% 11/ 1/59 11/ 1/79 5.625Sinking Fund Debentures for Public
WorksLehman Bros.
500,000 Province of Manitoba, Canada, 11/15/59 11/15/Sl 5.375514% DebenturesHarriman Ripley & Co. Inc., Mgr.for Underwriters
Public Utilities250,000 Northern Natural Gas Company 11/ 1/59 11/ 1/79 5.1255%% Sinking Fund Debentures,
Blyth & Co. Inc., Mgr. for Underwriters250,000 Northern Natural Gas Company 11/ 1/59 11/ 1/79 5.1255%% Sinking Fund Debentures
Blyth & Co. Inc.. for:A. C. Allyn & Co.; A. G. Becker & Co.;Blyth & Co. Inc.; Cruttenden, Podesta & Co.;Halsey, Stuart & Co.; Kidder, Peabody & Co.;McCormick & Co.: Merrill Lynch, Pierce, Fenner & Smith:F. S. Moseley & Co.: Shearson, Hanunill & Co.:Stern Bros. & Co.; White, Weld & Co.; Dean Witter & Co.
300,000 Philadelphia Electric Company 10/ 1/59 10/ 1/89 4.935% First & Refunding BondsBlyth & Co., for:
Blyth & Co., Inc.; Childs Securities Cori) :Glore, Forgan & Co.; Hornblower & Weeks;Kidder, Peabody & Co.; Reynolds & Co.
450,000 Southern California Gas Company 10/ 1/59 10/ 1/84 5.255 ·% 9 First Mortgage BondsBlyth & Co. Inc., for:
Blyth & Co. Inc.; Farwell, Chapman & Co.;First Boston Corp.; Goldman. Sachs & Co.;Hemphill, Noyes & Co.; Hot·nblower & Weeks.Lee Higginson Corp,: Merrill Lynch, Pierce, Fenner & Smith;F. 9. Moseley & Co.; Shearson, Hammill & Co.; Dean Witter & Co.
Railroads150,000 Missouri Pacific Railroad Company 10/15/59 10/15/72 5.20
534% Equipment Trust Certificates,Series M.
Salomon Bros, & Hutzler; Eastman Dillon; Union Securities & Co.50,000 Southern pacific ComI)any 4 35% 11/1/59 11/ 1/68 5.00Equipment Trust Certificate:,
Series No. 7Salomon Bros. & Hutzler
On motion by Miss Taggart, seconded by Mr. Meierdierks, the above trans-actions were approved and confirmed by the following roll-call vote:
Ayes-Mr. Petrie, Dr. Lally, Mr. Meierdierks, Miss Taggart, Miss MeVey,Mr. Murray, Mrs. Green-7. Nays-None.
-
N.venit.·r 20 447 1959
Redemption of Bonds
M iss Taggart, Chairman of the Committee on Finance, reported that $9000(par value) Village of Elmwood Park 49.i 0 Refunding Bonds, dated December1, 1937, were not paid at their maturity date, November 1, 1957, becausethe Village claimed that the bonds had been called on the optional call dateand that it was not liable for Imynient of interest after that date. The Fundhad received no notice of the call, as required by the terms of the bonds and thebond ordinance. As a result, the Fund brought legal action against the Villageto require it to conform to the terms of its bonds. Mr. Thomas F. Scully,attorney for the Fund, has negotiated this matter with the attorney for theVillage, and recommended that he be authorized to dismiss the lawsuit uponpayment by the Village of the principal amount of the bonds, interest thereonto maturity, and costs of the suit. He also reported that the attorney for theVillage had informed him of its agreement to this settlement. The committeerecommended concurrence in Mr. Scully's recommendation and approval ofthe following resolution:
RESOLVED that the Board of Trustees of the Public School Teachers' Pensionand Retirement Fund of Chicago does hereby authorize the redemption of thefollowing described securities at par value, interest to the date of niaturityon November 1, 1957, and reimbursement of the cost to the lawsuit.
Village of Elmwood Park 481 % Refunding Bonds of 1937, SecondSeries (numbered 51-59 inclusive), dated 12/1/37, clue 11/1/57optional 11/1/56.
BE IT FURTHER RESOLVED that the City Treasurer, as ex-omcio Treas-urer and Custodian of the Public School Teachers' Pension and RetirementFund of Chicago, be hereby authorized, empowered, and directed to deliversaid securities to the City National Bank and Trust Company of Chicago,paying agents for the Village of Elmwood Park, against payment therefor.
BE IT FURTHER RESOLVED that Sidney D. Deutsch, City Treasurer, behereby authorized and empowered by and for said Board of Trustees of thePublic School Teachers' Pension and Retirement Fund of Chicago to execute,sign, seal and deliver any and all endorsements, assignments, bills of sale,orders, releases or transfers of registry, proxies or substitutions, powers ofattorney or any other documents or papers or written instrunients as may benecessary to carry out the foregoing orders.
On motion by Miss Taggart, seconded by Mr. Meierdierks, the above resolu-tion was adopted by the following roll-call vote:
Ayes-Mr. Petrie, Dr. Lally, Miss MeVey, Mr. Meierdierks, Miss Taggart,Mr. Murray, Mrs. Green-7. Nays-None.,
Ni,vcmher 20 448 1959
REPORT OF COMMITTEE ON ANNUITIESAND CREDENTIALS
PensionsThe Committee on Annuities and Credentials reported that applications forpensions were presented for persons, hereinafter listed, with the recommenda-tion that the pensions be approved and granted in the amounts and underthe conditions set forth herewith. In the case of each applicant for serviceor disability retirement pension, the employment of the teacher had termi.nated officially, the legally prescribed minimum years of teaching service werecompleted, and requirements with respect to age (if applicable) were fulfilled.
The applicant for disability pension was declared by three competent physi-cians to be suffering from a disability which wholly and presumably per-manently incapacitates her for teaching. Each applicant for widow's pensionfurnished proper evidence of her rights to receive such pension.
7Iember'M School Service To Annunlor YrM. Dnte PendonNo. 10nme_of~lember_NEmlter'M~tuluMMRN.Diizl__EME,Rote
Optional Service Retirement Pensions10127 Brennan, Lillian E.....Locke 40-8-00 9/ 1/59 $4,183.4410128 Cebaus, Cecilia S......Calumet High .....27-2-00 11/20/59 1,859.528693 Clough, Nelda F.......Ryerson .34-7-10 9/ 1/59 3,584.6410130 Crokin, Dorothy C.....Farnsworth ........39-5-00 9/ 1/59 4,105.4110131 Crowe, Grace II ........Rozminski .........42-0-00 9/19/59 4,405.5610132 Duggan, John J..... Washburne Trade ..27-3-10 9/ 1/59 2,797.0810134 Foster. E. Mildred....,Nightingale .24-7-15 11/10/59 1,357.5610136 Grindel, Isabelle B.....C:ornpers ..........24-5-10 9/30/59 2.013.0010140 JoneR, Marlon M.......Senn HIgh ······· .40-9-10 11/ 1/59 4,310.761012~ Ma:N}fLmmeLl:....Fo~rensti.~~h .....,.28-~-}0 5/16/59
2,715.969/ 1/59 3,034.36
10126 Al(:Cann, Elizabeth M...Neil ...............31-0-00 8/26/59 2,322.248559 McNicholas, Norine R..Phil Sheridan .....28-7-00 9/ 1/59 2,846.5210143 Owsley, LaVerna ·-··· Bryn Mawr .......40-8-00 11/ 1/59 4,289.8810141 Pearson, Laura E.. ... .Calumet High .....36-0-00 9/ 1/59 3,741.GO10~47 Quinn, Helen AL......Burbank ..........33-7-00 9/ 1/59 3,502.56Ryan. Katherine M....Harper Hisrh ..... .30-0-10 9/ 1/69 2,488.4 110148 Schoeneck , Ella J...··· Fort Dearborn _. 42 - 7 - 00 9/ 7 / 59 4 , 437 . 9610149 Smith, Elsie L.....····Lowell ..........,.30-7-10 9/ 1/59 2,908.32
Compulsory Service Retirement Pensions10120 Applegran, Clarence O,South Shore IIigh . .33-5-10 6/27/59 3,288.36•lo~~9 Barlow, Carrie M......Dewey ,...........38-7-10 c,/19/59 4,040.·10•Chaney, Jillia D...····Kozininski ........36-3-00 10/ 3/59 3,760.68•10121 Corcoran, 0,ina Mary.,Auptin High . ...42-3-00 6/27/59 3.850.5610122 grown. Victor M.······S¢churz Ingh .......28-7-10 6/27/59 2.79(;,2·1•}t}}il glrm~ttr:ity i,·.... r 'iwgon.........~~ 47-2-00 6/27/59 4,322.28•
....47-0-01 10/ 3/5!1 .1,69:).56*~~ Harnden Alma R......Sumner ............41-6-10 9/19/59 4,330.56•10139 Henness;y 1·:lizab,·th..Chicago Te:i. Coll...22-5-00 9/ 7/5,) 2,290.80Hutchinson, Frieda · · ·Darwin ........,, .46-7-07 9/19/59 4,669.56 010141 Kent Evelyn A....····May ..............36-0-10 10/ 3/59 3,744.88*10124 Laney. Mary B.......··Wentworth ........42-2-00 6/27/59 1,097.40•10145 Phillims. Wilda G......·Calumet High .....40-2-10 9/19/5{} 4,196.7609635 Postel, Harold H. .Cornell 41-4-10 9/19/59 3,967.32•10150 Wenzel, Bess I....·····jrotley Br. Montef..46-1-00 10/ 3/59 4,699.66••Emeritum teacher retired a/te,- re-employment on a temporary baqi 8.
Disability Retirement Pension
D-187 Twomey. Sylvia C......Yah' 22-1-00 9/ 1/59 2,223.36
r.Nuvcinber 20 449 1959
Pensions ( continucd)
Mem],er'„ School Ser,·ice 'I'c) AnnwilOr YrM . Date Pendon
30. Name of Member Member'N StattlM MoM. DnyM 1#'rc) 1 21 lt:ite
Widoirs' PensionsWT-43 Johnson. 1 71en .......~.~-.....~..~.....35 -0-00 10/ 4/39 31,882.SO
(11'idou· „t nobc.,/ ./. ./„h i; . f,Il . t,ci,·her)WT-·1·1 O'Grady, Theresa 20-6-00 3/2 S /59 StS.04
(\Vidinr of .Juh}1,1. 0'(inid?i, tort·her)
Stimmary of Pensi{ms GrantrdOptional sri·vice retirement pril:Intix.......... 1'.1ComPulsory service retirement Pensiozi .......15Dis:ibility retirement liensionWidow·s' pensions
On motion by Miss MeVey, seconded by Miss Taggart, the recommendation ofthe committee was approved and the service and disability retirement pen-sions, and widows' pensions, listed above, were granted by the following roll-call vote:
Ayes-Mr. Petrie, Miss MeVey, Mr. Meierdierks, Miss Taggart, Dr. Lally,Mr. Murray, Mrs. Green-7. Nays-None.
Appointment of PhysiciansApplication for disability pension was submitted with the recommendationthat physicians be appointed for the examination of the applicant.
On motion by Miss MeVey, seconded by Aliss Taggart, the appointment of thephysicians, listed below, was authorized.
Cyril E. Mendelsolin, M.D., 200 S. Michigan Ave., Chicago, Ill,C. J. St. Romain, ill.D,, 1133 Boston Ave., Nederland, TexasRobert E. Moore, M.D., 1403 Nederland Ave., Nederland, Texas
To Examine: Margaret B. Murray, Wilson Br. Jr. College
Revision in Rate of PensionThe Committee on Annuities and Credentials reported that on November 21,1958 Mrs. Adria M. Preo was granted a widow's pension of $1,007.04 per yearon the basis of age 55. This amount is incorrect because the age of the widowat the time of her husband's death was 51 years and not 53. Since Mrs, Preohad minor children in her care at that time, she was entitled to a widow'spension reduced 10% because of her :iKe. In orcier to correct this matter,tile committee recommended (1) that the rate of Mrs. Preo's widow's I)ensionbe changed from $1,007.04 to $906.36 per year; (2) that an adjustment bemade for pension payments issued heretofore in excess of the reduced rate;and (3) that the records of the Fund be revised.
On motion by JIiss MeVey, seconded by Miss Taggart, the recommendationsof the committee were approved and the above-described revision in rate ofwidow's pension was duly authorized by the following roll-call vote:
Ayes-Mr. Petrie, Dr. Lally, Miss MeVey, Mr. Meierdierks, Miss Taggart,Mr. Murray, Mrs. Green-7. Nays-None.
Novcmber 20 450 1959
Cancellation of PensionsThe Committee on Annuities and Credentials reported that the followingservice retirement pensioners have been re-employed as teachers by theChicago Board of Education. Therefore, pursuant to the law, the committeerecommended that the pensions of the persons, hereinafter listed, be cancelledas of the effective dates of re-employment.
Type of Ii:lte of Dn leNnme Penp,ion l'enmion Re-employedHeetfteld, Florence .Service 53,083.04 9/ 7/59Mulcahy. Joanne . . .Service 3,493.20 10/14/59
On motion by Bliss McVey, seconded by Miss Taggart, and by the followingroll-call vote, pensions for the persons listed above were ordered cancelledon the dates indicated.Ayes-Mr. Petrie, Miss MeVey, Dr. Lally, Mr. Meierdierks, Miss Taggart,Mr. Murray, Mrs. Green-7. Nays-None.
Outside Time and Military ServiceThe Committee on Annuities and Credentials reported that affidavits, or otherevidence, attesting to or certifying ( 1) service in the public schools of theseveral states or in schools operated by or under the auspices of the UnitedStates outside of the City of Chicago; (2) time spent in the military serviceof the United States during the pension period; (3) service as a playgroundor recreational instructor for the City of Chicago or the Chicago Park District;(4) employment as a civil service librarian in the Chicago Public Schools orthe City of Chicago; and (5) employment by the Chicago Board of Educationas a school clerk are hereby presented for the persons hereinafter listedwith the recommendation that they be approved; provided that in the case Ofoutside teaching service no more than 10 years be credited and also that thelast five years and three-fifths of the minimum term of service for which anannuity is granted shall be in the public schools of the city.
Service Mervic·e CrediCMKnme of Member school (Dep¢rritition) (YrM. M(,M. Dn)·M)
Teaching Serrice iii Public Sclic,015 or Under Auspices of the U.S.13:Llf,Ltiz, Eunice M.·········.Ak,lt .'tyle 1 tiEr 3-8-10}]]5~~~184Ct}trt S...·· ·-···Bureau Child Study... -eac i ng
HarrIMon High ...,...-e:ic 2 ng 1-0-0 GDietz. Frederick ...········ .Substitute ··········. e:Le Ing 1-()-00Br~MreIrite~&r~rnnizK.~ .~ -,~resh- ]*2 :.: .: *YS;;5 : RN
0-2-181-0-00
Funkhouser, Verna N.. ....· .Substitute ........... "eac i ng 1-0-00Grady, Anne W...·······..~'Spalcling Elem. ....... 'enc 1 ng 5-0-00Hill. Lois S.... Pat·kerr Elem. .......rene i ng 1-0-00Holt. Alberta Ii:.:)".~.. ~·~Substitute· ..· ·····..."e.ac t ng . 2-0-0"Len.man. A. Miriam ........ Aniericanizatiori . . . .: 'ene i rur 4-6-08Leatherman, Helen V.. ..... .Aniericanization ..... reric i ng . 4-3-16Leist, Mary G Prosser Voc. HIgh...reac i.ng .. 2-()-00
Carver Elem. ... ... ..."f.;ie i nir 1-0-00Maloff, Maurice .....McDermott, Catherine J.,.. .Marquette petlr, i ng . 0-2-10Meister. Bernard T,,.,...,..Mayer Ilene 1 ./lg . (1-9-10M ills. Ethel Sutton,.......,. substitute ········ ···~ear l ng 2-0-00Morris. Louise L........ .Phillips Elem. ........_ pae i ng .10-0-00Sonnenschein, Morrisg ....... Americanization ... - ..~oac ing
1-8-00
X„unther _'0 45I 1959
Outside Time and N[ilitary Service (co,itint,cd)Service Service Creditn
inme of lIrmlier School (De,teription) (YrM. PIOM. Dnypt)
Military Serrice of the United StatesBeylor, Ovear L.............Harrison High .......Military 0-5-00Buczynski, The.odore J.......Steinmetz Iligh ......Military 3-6-131·'re, Rich:Lrd M..............Super. Physical Ed....Military 3-6-04}Icilt. Albert:i L..............Substitute ...........Military 3-9-15Meister, Bernard T..........Arayer ...............Military 1-9-11
ICInploymrnt in Other Chicago Gorernmental UnitsConn, .Te:innette M...... .Nobel ................Librarian ............24-9-15Dougherty, Anna K..... ...Marsh ...............School Clerk ........10-5-10Maloff, 1\!aurice ..... .Prosser Voc. High. Recreational Instr.... 0-2-11Penney, Marion J...... ....-Wildwood ............School Clerk ........ 2-0-10Rittnieyer, Ervin I-I.. - ...Dunbar Voc. .........Recreational Instr.... 1-4-18Jr'oil, Mariel J.... .Poe .................. School Clerk ........11-4-00
On motion by Miss MeVey, seconded by Miss Taggart, the outside time andmilitary service for the persons listed were approved by the following roll-call vote:
Ayes-Mr. Petrie, Miss MeVey, Mr. Meierdierks, Miss Taggart, Dr. Lally,Mr. Murray, Mrs. Green-7. Nays-None.
MISCELLANEOUS BUSINESS
Reorganization of Board of TrusteesAfter announcing the next order of business as the reorganization of theBoard of Trustees, Mr. Petrie requested the privilege of stepping down fromthe chair for the purpose of making a nomination. After the trustees grantedthis request, Mr. Petrie asked Miss Helen Taggart to take the chair.
Miss Taggart requested nominations for the oflice of President of the Boardof Trustees. Mr. Petrie nominated Miss Taggart. Miss Taggart declined thenomination. Then Mr. Petrie nominated Mr. Meierdierks. There being nofurther nominations, Mr. Murray moved that the Recording Secretary cast aunanimous ballot electing Mr. Meierdierks as President. This motion wasseconded by Mr. Petrie and approved unanimously. Thereupon, Miss Taggartdeclared Mr. Meierdierks duly elected President for a term of one year effec-tive as of December 1, 1959. Mr. Meierdierks passed his vote.
Miss Taggart requested nominations for the ofnce of Vice-President. Mr.Petrie nominated Mrs. Laura Light. There heing no further nominations, Mr.Murray moved that the Recording Secretary cast a unanimous ballot electingMrs. Light as Vice-President. This motion was seconded by Mr. Petrie andapproved unanimously. Thereupon, Miss Taggart declared Mrs. Light dulyelected Vice-President for a term of one year efTective as of December 1 , 1959.
Mr. Petrie resumed the chair and requested nominations for the ofnce ofFinancial Secretary. Mr. Meierdierks nominated Mr. Petrie. There being nofurther nominations, Mr. Meierdierks moved that the Recording Secretarycast a unanimous ballot electing Mr. Petrie as Financial Secretary. This
Nuventlier 20 452 1959
MISCELLANEOUS BUSINESS r con/Mucd)
motion was seconded by Mrs. Green and approved unanimously. Thereupon,Mr. Petrie was declared elected Financial Secretary for a term of one yeareffective as of December 1, 1959.Mr. Petrie requested nominations for the offiee of Recording Secretary, MissTaggart nominated Dr. Ann Lally. There being no further nominations, MissTaggart moved that the Recording Secretary cast a unanimous ballot electingDr. Lally as Recording Secretary. This motion was seconded by Mr. Murrayand approved unanimously. Thereupon, Air, Petrie declared Dr, Lally dulyelected Recording Secretary for a term of one year effective as of December1, 1959. Dr. Lally passed her vote.Mr. Petrie requested nominations for the office of Chairman of the Committeeon Finance. Dr. Lally nominated Miss McVey. There being no further nomi-nations, Miss Taggart moved that the Recording Secretary cast a unanimousballot electing Aliss MeVey Chairman of the Committee on Finance. Thismotion was seconded by Mr. Murray and approved unanimously. Thereupon,Mr. Petrie declared Miss MeVey duly elected Chairman of the Committee onFinance for a term of one year effective as of December 1, 1959.Mr. Petrie requested nominations for the oflice of Chairman of the Committeeon Annuities and Credentials. AIr. I\Icierdierks nominated Mrs. Green. Therebeing no further nominations, Mr. Meierdierks moved that the Recording·Secretary cast a unanimous ballot electing 1\Irs. Green Chairman of the Com-mittee on Annuities and Credentials. This motion was; seconded by Mr. Murrayand approved unanimously. Thereupon, Mr. Petrie declared Mrs. Green dulyelected Chairman of the Committee on Annuities and Credentials for a termof one year effective as of December 1, 1959. Mrs. Green passed her vote.Mr. Petrie requested nominations for the office of Chairman of the Committeeon Pension Law and Rules. Mr. Murray nominated Miss Helen Taggart. Therebeing no further nominations, Mi·. Murray moved that: the Recording Secre-tary cast a unanimous ballot electing Miss Taggart Chairman of the Coni-mittee on Pension Law and Rules. This motion was secon(led by Mrs. Greenand approved unanimously. Thereupon, Mr. Petrie declared Miss Taggart dulyelected Chairman of the Committee on Pension Law and Rules for a tenn ofone year efrective as of December 1, 195t).
ADJOURNMENTOn motion by Mr. Meierdierks, the meeting adjourned to nieet :it the call of theSecretary.
Recording Secretary, Pro Tem.
Jan„~ry 15 453 1960
REPORT OF TlIE PROCEEDINGS
OF THE
Board of Trustees
L OF THE
Public School Teachers' Pension andRetirement Fund of Chicago
Regular Meeting-Official Report
Friday, January 15, 1960
A regular meeting of the Board of Trustees of the Public School Teachers'Pension and Retirement Fund of Chicago was held Friday, January 15, 1960.
The President, Mr. Meierdierks, called the meeting to order at 2:00 P.M.
ROLL CALL
Members present: Mr. Meierdierks, Mrs. Green, Miss MeVey, Mr. Petrie, iifissTaggart, Dr. Lally-6.
Members absent: Mrs. Light, Mr. Caples, Mr. Murray-3.(Abacnec 0/ M,·. Mur,·al, icus dfic to the ner,·nity of being fitit of Chicago on b,(Hin/88.)
The attorney for the Fund, Mr. Thomas F. Scully, also was present,
APPROVAL OF MINUTES
On motion by Mr. Petrie, seconded by Mrs. Green, the minutes of the regularmeeting of November 20, 1959 were approved as printed.
Januan· 15 454 1960
REPORT OF FINANCIAL SECRETARYFinancial Statement
September 1, 1959 through December 31, 1959
1 INVESTMENT ACCOUNTInvemtment,0, September 1, 1950 nt Par 16'niue
United States Government securities $ 9,404,000.00Illinois municipal bonds .......................... 23,175,247.54Corporate bonds 17,925,000.00Dominion of Canada bonds 700,000.00Total $51,204,2.17.54Add total invested 5,025,000.00
56,229,247.64Deduct total redeemed .................... 190.000.00In,·emtment,1, Decemlier 81, 1050 nt I'nr Value
United States Government securities...... 10,579,000.00Illinois municipal bonds............ . 22,985.247.54Corporate bonds ................................. 20,725,000.00Dominion of Canada bonds ........................ 1,750,000.00
TOTAL INVESTMENTS, DECEJIBER 31, 1959. $56,039,247.54
RECEIPTS AND DISBURSEMENTSCn,th 11:,Innee, September 1,11)59
Cash-City Treasurer .,.,.... ·$ 36,957.13Cash-Contingent fund ........ 2,731.01 $ 09,688.14
RECEIPTSInventment Income
Interest income, long-term securities....... 569,409.28Interest income, temporary investments 21,991.31 591,400.59
IlondM Redeemed nt Pnr Vniue ........ 190,000.00U. S. Trenwury nillm Redeemed at Co,st. 3,222,549.08Income from Stnte Diatributive Fund ... 1,296,022.78Tnx CollectionM Remitted to the Fund
Levy for 1952 and prior ........... 15,667.46Levy for 1953 ... 3,824.80Levy for 1956.. 19,245.58Levy for 1957 ... 1,363,296.70 1,41,1,201.14
11.347.90Levy for 1958.
ContrilitithinN by I':artieit):antps (,411]:try 1)eductionM)Regularly api}ointed teachers 2,995,881.36Substitute or temporarily apPointed teachers.. 372,563.88Ofllce employees 2,327.86 3,370,773.10
CuM]1 Pnymen(M by lenrtiellifintNChicago tenching service. . 113,911.92Other Chicago service and ouiside 'ti;Ae ....... 14,632.74Interest 12,370.38
3,562.43 144,477.47Automatic annual increase.Mheel]flneOUM
Reimbursernent for unearned I)ension payments...- -.-.--.- , 887.98TOTAL RECEIPTS SEPTEMBER 1 THRU DECEMBER 31, 1959. $10.229,392.44TOTAL RECEIPTS AND BEGINNING BALANCE.......,....,.$10,269,080,58
.Tatiuary IS 455 1960
Financial Statement (con,Inucd)
DISIKRSEMENTS
Refund,s of MenilierM' ContributionM, due to
ReAIgnation of regularly appointed teachers .5 149,862.33Withdrawal of substitute or tompoi·alily
appointed teachers . 135,161.00Service in oxcess of 45 ye ars. 5,506.89Retirement of untilarried niale trachers (widow':
pension) 3,020.55Excess deductions by Board of Education 302.22Changes in creditable service...... 107.20 $ 293,960.19
Penplion and Benefit Payment.4
Service retirement pensions. .33,353.420.24Disability pensions .......... 51.783.73Widows' pensions ........... ... 21.8 77.43Reversionary pensions . 3,511.00
3.436.592.40Add Blue CrosH-Blue Shield pre-
miums paid .................. 81,741.06
3,515,333.46Deduct Blue Cross-Blue Shield pro-
miums withheld ................. 81,745.82 3,436,557.64
Refunds of contributions. 29.662.95Single-sum benefits on death in service 10.+26.00Single-sum benefits on death of pen-
sioners .............. 2.000.00 72.487.95 3,509,075.59
AdminINtrath·e ExpenNe
Salary expense:Net salaries paid 27,171.27Contribution for Densions.......... 2,. 27.86Blue Cross-Blue Shield premium:
withheld ........................ 371.24Income tax withhold............. 6.313.SO
36.147.17Employer's share Blue Cross premi unis 50.25 36,197.12
Professional services:Le,ral-Kirkland, Ellis, Hodson,Chaf-
fetz & Masters (6/18-9/18/59) 1,250.00Bond advisory-La Salle NationalBank (9/1/69-3/1/GO) ............ 5,041.97
lredical ........................... 178.00 6,469.97
Omce facilities:Rent-4 months 2,082.40Electricity ............... 2,763.79
403.21Telephone and telegraph. 278.18
Office expense:Equipment:
2 IBM electric typewriters.$880.002 typewriter stands........ 96.903 nle cabinets .......... 393.76Metal index .............. 42.75 1,413.41
Omce supplies ..................... 445.39Window envelor)09 and 1099 tax for·ms 495.29Postage ........................... 1,573.09Maintenance of equipment..,...... 152.86Microfilming ...................... 181.47Remodeling oflice ................. 1,59 S.55Bond and interest collectiori....... 34.65 5,894.71
January 15 456 1960
Financial Statement t)[SltrIt><IniENT+ (continued)
Tabulating service:Teachers' contributic,n credits hy
Board of ICduc·:ttion..............$ 3,121.61Actu:trial and insurance stati>,ticS. . 1.154.70Penj~ion payroll .········· 1.163.55Oflice administration .............. 16S.65Election ,...........··· 135,35 3 5,713.86
Printing: iOmee fornis and supplic·j. 1, *;c) S.75
Proceedings ......········ 1,'23.rioBulletins ................. 1,157.601958 Annual report....... 1,387.60Text of the law........... 963.·15Election ................. 1,2.16.40 7,287.30
Miscellane ous:Convention and profeysional
agociation expense ............. ·162.01Election and legislative expense·. 248.63Trustees' 66.29 776.93 $ 65,173.98
r. S. Tren,tury Bill< I'larch:,Med nt Ci,Mt... 1,384,339.00
I,ong-term Inve.tment,4Bonds purch:ived (par value) . 5,025,000.00PINs premiums ,.....········· 11,398,54
5,026,398.54Lejist discounts 112,625.99
Purchase price 4,923,772.56Accrued interest patel 11,357.35 4,935,129.90
--
TOTAL DISBURSEMENTS, SEPT. 1 THRIJ DEC. 31, 1959....$10,187,638.66
C.n„h Ilnlnnee, December 31,1959Cash-City Treasurer ........ 77,202.73Cash-Contingent fund ····· 4,239.19 $ 81.441.92
Respectfully submitted,
Arthur R. PetrieFinancial Secretary
On motion by Mr. Petrie, seconded by Miss Taggart and by the followingroll-call vote, the four-month statement of the Financial Secretary for theperiod from September 1, 1959 through December 31, 1959 was approved andordered printed in the proceedings of this nieeting.
Ayes-Mr. Meierdierks, Mrs. Green, Mr. Petrie, Miss MeVey, Miss Tarrgart,Dr. Lally-6. Nays-None.
1"
January 15 457 1960
REPORT OF COMMITTEE ON FINANCE
Reimbursement of Contingent AccountThe Committee on Finance reported that receipted bills, cancelled checks, bankstatements, and other supporting documents covering expenditures for theperiod from November 5, 1959 through January 5, 1960, inclusive, and totaling$760.81 were audited.
The committee found that expenditures had been made properly and recom-mended that this account be reimbursed in the aforesaid amount.
BillsThe following bills were presented with the reconiniendation that they beapproved and paid.
At]11,0 34(nticinerM, Itic.:11/:;0/59 Omce 24111)1~lieR ...................................5 47.Xii12/31/59 Ollice SUpplleS ......... 80.76 6 133.61
L. Vr. Hoelim Compnny:12/IS/59 Mimeogral,h supt)lit,H ........ ................. 91.17
Copel,Me Corporittitrn:11/ 4/59 Supplius for photocopying machine. ......... Z i.'D
Critchell-Miller Ii,Mur:inee :1;tency:1,1 / 0 .1 /'Z '712/2·1/54 Einplo>·ees' 1,1.inket 1,omi 12,/2.1/51} to 22S.75
Insurance on monoy :ind securities 12/2.1/54 to12/24/62 ..... 206.47 435.22
Cummin,4-C:]liellgo Corli.:12/ 3/59 Stgmiture die for checks. ..... 97.00
1Ii,ye. St:itivilel,1 Ker, ic:, I Iw.:11/10/59 Actual·ial and insurance Ht:ltistic·s. .........~...... 1,605.25
Ponsion payi·oil elmn,res for Oct.. rov., Der.. 195£).. 67.25t 0 '1'eacher)' statements of account. 411.20
Pensioners' reports on ineonw und Illut· Cross..... 294.851/ 8/GO Ollice :idministration ...... 1,273.25 4,151.SO
Iliternational 1111.in,·MM Mnehine. C 'Orp.:11/24/59 Card checks (.1 115:56). 16.25
tr) ne,i>vil Calci form <·omp(,sition.................. ~~5. Ol)12/11/59 Mainten.ince for electri,· typewriters (1/1/GO to
121 .;l/f,0) 74.50 125.75
I:irkland. 141!iM, 11,),1.,in, C],I,11'4·17. ,< lt[1.ter.:12/ 1/59 Legal services fron) 9/1/59 to 12/1/54. 1,250.00
G. .1 . Mai'¢'11 'i Co.:12/2:;/59 Wortrnien'M comiwnsation insurance.......... 90.00
71<·C ormic•k :rn,1 11,·i,ilerM„Ii. Ine.:11/ 9/5,1 Printed forms and sum}lics......... ·· · · ·· · · 71 4.9512/23/5,/ Rep,)1·1>: of >4,·f,tt·niber procvi'{lin
R.. 749.GO 1,464.55
Phypdrinn:12/18/54 C. .1. St. 12(,111:,in, .Ti·., 11.1)., 1·,x,l!,1,11:lib,11 of
7.50I'l (Il 4'y- li,D,VI*M, lili•..
12/ 0/59 Postage metel· rental 12/1/51) through 2/29/60......1/ 6/60 Post:ure 111,·toi· suppli,·s ............· ........... ~.0(, 39.00
$ 7,912.65
On motion by Miss McVey, seconded by 1\Irs. Green, the foregoing reportsand recommendations of the committee were al)proved. Reimbursement ofthe contingent account ancl payment of bills, listed above, were authorized bythe following roll-call vote:
Ayes-Mr. Meierclierks, Mrs. Green, Miss MeVey, Mr. Petrie, Miss Taggart,Dr. Lally-6. Nays-None.
January 15 458 1960
Refunds and Death BenefitsThe Committee on Finance reported that documents pertaining to claims forrefunds and death benefits for persons listed herewith were examined andverified. Evidence from Board of Education records shows that applicationsfor refunds on account of separation from service were made by persons nolonger employed as members of the teaching force. Claims for refunds ofcontributions and for benefits payable on death of teachers and pensionerswere determined after certifying dates of death and establishing proper evi-dence for each beneficiary, administrator or executor. The committee rec.ommended, therefore, that refunds and death benefits be granted for personslisted herewith in the amounts specified.
Refund,1 11/e Ite,Bignation of Regularly Emt,lciyed ~IemberM:
Albrecht, Barbani .......····$ 156.00 Husar, Marilyn C. 1,183.66Bald,vin, Norrnan TV.,....... 2,788.70 lovino, Ijolores ..... 288.90Barrett, Mary LaVon 278.58 Johnxon, Yvonne P. 43!]·191:·ixter, Katherine 865.51 I: r·ick], Mn.zireen E. -uu. ') •/Billington, Marlene S. ...... 890.·10 Mannal)(·rg, Eva L. 582.75Hokor, Winifred T.....······ 1,OSS.11 Matz, Lorraine W..... 604.50]30 wen Janin a .............. 264.00 McCasland, Diane .... 1936,GoCusey. Kathleen X. 690.30 Mu,lin, Bernice G ...... 1,161.95Cole, Robert V. .,........···· 2,601.1,5 O'Shea, Noi·one. .... ..... 2,507~75Cordell, Kathryn Stewart ..·· 316.SO pasel, Cladys Larson ... 171,14Currie, William A. ..········· 3,4·17.85 Roberts, Jacqueline L. . 249.00Donegan, 1204:1 Mary 909.91 R>·den, Yvonne K. ........ 252.00Drazlier, Gloria 466.74 Shapiro. Eileen ........ .
807.142,69.00Glasser, Marion Louise .... 1,5·16.11 Solitiumatin, Mary J:ineGli·ason, Patricia C. 522.00 Stober, Glenn Il ... - ." 1,3·19.56
Goldberg, Ruth W. 198.50 Swanion, Lillian N. ... . 2,31,6.92Golcirn.in, Joan S. 571.50 Tannenbuum, Betty R... 701.43Goldsrnith, Nan Joan 239.40 Thorn,·tz, Anne C. :152.00Herrmlobler, Lois 286.20 Valerio. Jessie 134.28I·Ioughtaling, Eva Jean ...... 1,219.·10 Weigand, Agnes C. .... 75.00Weiner, Elaine G. 1,109.40
$36,952.01
RefundM n/c Set):tration froin Service (,f Sit],Mtitliteor TemI)ornrily Employed TeneherM:
Allen, Murray R, .... .$ 159.25 Haslett. Jared W. ........· 642.1.1Anderson, Dorothy J... 537.90 Ilellierin, Jounne 36.75Anderson, Harriet 240.83 Herndon, Re:,tha L. 35,3.00Arbern, Maria Thys .. . 11.25 Ilow:,rd, Elizabc·th I 48.00Audett, Piltriei:L JL ···· . 513.90 I·lyman, Junet C. ... 48,00Block. Al,ln· Halter ... 24.00 Inn|.4 Wan·en A....... 7:1:1.04Bordell,LV,; John . 183.97 .Tories, John JV. ......··· :10.00Britfke. Edward F. ······ ·· 109.70 Ki(1(1, j 'hilii, TV., Jr...... 3::7.04Cohon. Iris Priest ..····· ... 39·1.20 I•-ing. (;forge P. ······· 112.52Cohen, Maxine Lois 83.70 Knox, D,·ane L. ........ iiI).G·tCronin, Dorothy .. 38.25 I,andz.bauni, Pov ....... ..... 746.28Crump, Frank, Jr,..······ . 202.56 Lathrop, Itichard A. ......... 610.02Crute, Edward 113 741.76 Light, John .T. ...... 1,1,13.81IleAngells, Carmen R.... 944.32 I,wmty, Loymn, Rene - 296.101-H,nnellan, Dennis D. .... 75.00 Lubr,ra, Jo:in Friend ........ 104.40Dotson, Norma Jean 366.90 Marahntti, Alicia J. .... 55.511-)1·11})eck, Ida . : 40/60 Me(.Nell:in, Carolyn C........ 72.00Eisc·h,·n, Patricin Li'nk ' 10S.00 Men,·r, 1Ct}114 Loe ..... 211.65ICrickson. Marland 11 .o'Z 67.52 Melf,q·, ViIMil ...... 1,203.12Et·,i;tes, Jean F, 503.10 Molone, 00(,rge A .... 168.SOFick, John }C...... -..~- 118.16 Monbrod, Petronilla M. 198.00Freche, 1-Ic~rtha R 40.60 Moon·, Tr'iriston H. III... 469.92.........Gill, Ilelen Brich .. 96.00 11111:' r, It:1 1.illiart ..... 361.6/)Grogan, Constance V. 937.65 N(,or·thorsk, T,on·nine .... 12.00Irammond, Muriel C. ,...~. . ;541.·10 01111Ht,·rul. J:Irn,·..r. ..... 232.90
lail:'ry 13 459 1960
Refunds and Death Benefits (contintied)Reflint!,4 n/e Separnticin from Ser,·|re of S,il,Mlittlteor '1' empornrily ] Ci: Ii , loyed ' 1 ' e :trher„: ( contintted )
1':14,·h, Marvin ........ 53.64 9'imlin. Anne M. ..... 237.001:evitt, Fruit .T. 150.(10 Turner, Mary L... 526.85S:tv:#re, I.firry IC. .... 21:5.211 Wa;rent·r. Madid>-11 T.. 212;.1"Schilderout, Lillian ... 31;-1.8() 11-:11·~i, Colleen J........ -13.50Sthl#'Minger, Arlene Z. ST.01 11-:itson, Edith 1). 989.40
Sherwood, Dinne ... .1:i. 50 Hi/WherLret·, Selina ........ 195.01Smith, Loretta Mary . 35.25 Weiner. Lionard ....... 644.32St:iton, Mabel M........ 231.00 Wilhelm, Violet Evelyn.. 45.00Sullivan, Kevin B. SS.13 Williams, Pauline A. .... ASS.SG>hitherland, Lura D. 13.50 Winick. Janet ........... 233.10
Tatter, Jessie Opel ..... 25:1.35 U'inkle, Hobert C 47.82'1':1,·lor, Johnnia D. .... 723.00 Wynn, Imul·i J. ......... 4·11.00Tch.210, Carl D. ....... 79.70 $22,272.20
Refundm of Accumulnted Contribittlinv on Denth:
Bernard. James H. /1-,1,1 iteize lic·,-itur,/, licir) ......$ 49-1.31Fieser, Atal·guerite B. C.1 1-th Ii· 1·'ic'.4·T, 1,c'ili·/ic·icir,/) .... 3 300.00Pera , Frederie L. ( Siumn L . Pri ·,1 , hrir ) .............. 1 . GiG . 46 $ 5 , 470 . 76
single Payment Ilectrilt,4 on Denth of Tencher,4:
Bernal·d, James H. (1-,initrize /Ni·nurd. hi·b).......... 450.00Chamberlwn , Paul ( Ihic n 11 . Clicimberlain. brnerleinrl ,
and John 1'(1111 ('hnin i)<'rlitin and Xii )10/ Ann ('11(imber-MA. minor bcne/h·wric,d 4,050.00
Pera , Frederic L . (Susan L . /' cra , h cir ) ... Ii .. 2 , ST ;. 00 7 , 375 . 00
Mingle I'nyment ]Irnellt,~ on Death of Teacher-Penwioner,4:
Aiken, George J. (.lfarl/ 11. .,t i/.-e·,1. brni·/1,·im-,/) ...... 600.00AkDanial . Hallie L . f (;crtrride E. 1! rl ), tniel ,ind
Law -cmcc R . Mer )(i }tirl , 1Jc ' nefhm,·ic,) .. .... I 500 . 00 1 . 000 . 00
tteflan(]H of ContribiltionM for Service in Exer,4,4 Of ·16 YelirMin fhe Amount Api,Ilezible n,4 1111 Otrret to thr Drllelency forService Prior to July 11):11 :
Nelson, ]Cstlier 488.79Taylor. Lilian 38.40 527.19
$73,577.16
On motion by Miss McVey, seconded by Mrs. Green, the foregoing reportsand recommendations of the committee were approved. Expenditures for thepayment of refunds and death benefits wore authorized and confirmed for eachaccount shown above by the following roll-call vote:
Ayes-Mr. Meierdierks, Mrs. Green, briss McVey, Mr. Petrie, Miss Taggart,Dr. Lally-6. Nays-None.
Duplicate Warrants
The Committee on Finance reported that the persons named below requestedduplicate warrants in lieu of the following described checks which were re-ceived and lost. Affidavits certify ing these losses and in each case indemnify-ing the Fund against any liability, damage or expense which may result by
January 15 460 1960
Duplicate Warrants c continued)
reason of issuing such duplicate warrants were duly filed. Therefore, thecommittee recommended that warrants be issued to the persons named belowin the amounts indicated.
N-nine Amount N-timber Ditte IiurpOMe
Glerigon, Katherine A .....$ 65.20 6$071 9/30/59 l'ension 1):tynic·ntKeihi,4 1, Mar'ie 53.31 73:&76 10/31/59 Pension pnymentMarcuss. Emily M,..,..... 95.2.1 ]'/}f; 11/30/5, Pension pily nientMeers, Helon R. 83.S:·1 10/31/5 9 Pension NymentRichurds. Helen M ...... 178.58 , ':,(.. 11/30/59 Pension paymentSteene, Berta P..... 85.31 65185 9/30/59 PenSion pll>'nient
On motion by Miss MeVey, seconded by )Irs. Green, the recommendation of ~| ~the committee was approved and the warrants were ordered drawn by thefollowing roll-call vote:
Ayes-Air. Meierdierks, Mrs, Green, Miss MeVey, Mr. Petrie, Miss Taggart,Dr. Lally-6. Nays-None.
Purchase of Bonds ConfirmedIn accordance with the advice of LaSalle National Bank, investment counsel,and in a mail vote prior to the date of this meeting, the Committee on Financereported that the following securities were approved on the yield basis notedplus accrued interest. The committee recommended that the purchase of thesesecurities be confirmed and that the bonds, debentures :ind equipment trustcertificates be registered in the name of the Fund.
Amount DeMeritition of ll,indH 1):1((. 1/ink ')f TH(Par Vnlue) Kallie of Firm IMM:i (·d Mnt,]rity Yield
Di,minion of C(inadn$500,000 Alberta Municipal Financing 10/15/59 12/15/84 5,10 <,1
Cori,oration, 5% Sinking FlitidDpbentilroK
Alex Brown & Sons; IN,11, Gounlock & Co., lne.;Blyth & Co,, Inc.; First Boston Cort).;I·Ialsey, Stiiart & Co·, Ine.: Harriman, Riploy & Co.,I,ehman 131·04.: M(·Mnst,·1· Hutchil,Holl & C:().;Merrill I,yneh, licirce, 1·'enrwr & Smith. Inc.:MillM, Spence & c-'n., Tne., JV. C. Pittl,·Id & Co., Inc.;·1:,tiles{ Rtc:hardvon & Suns, Ine.; Smith, 13:u·ney & Co,;Whit~·, Weld & Co.: TV'voil. (:tirid ,- & Co.. Inc.
Pul,lic Utilities500,000 Gener:,1 'r,·Int,hone C'Omi,an; „r 12/ 1/59 12/ 1/89 3.00%
Californin, St; First Mortg:ike BondsIt. S. 1)ic·k:on ''> Co. ;I''irst 1;Ost.011 Col·11. ,(;01(linan, Sachs & Co.;Ifurriman, Ripley & (.'8.500,000 ~6,"1Mns City Pon·er & LiFTht Comimny 1/ 1/6,0 1/ 1/90 4.95,6
r:r, 1•'irst Mortgage 13(,nt|:4Blyth & Co·, Inc., for:Bb-th & Co„ Itir.; Fit·st lic)#ton Corp.;Julien ('c,lii!13 & ('(,·: 12('ciman & 1'.enshaw;St~ril }31·,)>:. & (,O.: I),an Witter & C.'o.
200,000 ir:,18}lington Water Power ('c,mp:iny 1/ 1/60 3/ 1/90 5.30' T5·;AS, Fil·Mt Mortuage Ik)11(154Kidder, Pe,·11)0(jr & Co., mr:Illyth & (:0,, ine.: Iridcler, 141,130(ly & Cr,-;Whitr·, Wr·1,1 & C„.: Dc'·'rn Witter & Co.
J.ailitary 15 461 1960
Purchase of Bonds Confirmed (contfnued)
Amount DeMeription of nonda Dnte Dnte of ToC I':ar Vnlue) Nnme of Firm IMMUed Muurity Yield
Railroads$220.000 Great Not·thern R:lilway 5% 2/ 1/60 2/1/66, 8/1/66 5.10';
20.000 IDquipment Trust Certificates of 11}60 2/1/67, S/1/67 5.05.:260.000 2/1/65-S/1/GD 5.00']5
Halve>·, Stuart & Co., Inc., for:H:11>·er, Stil:irt & Co.. Inc.: 1-b·mphill, Ncires &C.'o,: Me'Master Hutchinson & Co.: 11. W.111·,·s:prich & Co.; Shearson, I-Innunill & Co.
800 . 000 Northern Pacific Railway 4 %% 1/ 1 / 59 1 / 7 /66 - 67 4 . 95 ( 3Equipment Trust Certificates of 1960
]Cilstill,ill Dillon, Union Securities & Co.;54:,lomon 131-os. & Hutzler
On motion by Miss MoVey, seconded by Mrs. Green, the above transactionswere approved and confirmed by the following roll-call vote:
Ayes-Mr. Meierdierks, Mrs. Green, Miss Me'\Tey, Mr. Petrie, Miss Taggart,Dr. Lally-6. Nays-None.
Chicago Tax Anticipation Warrants
The Committee on Finance reported that outstanding tax anticipation war-rants of the City of Chicago for the years 1931 and 1933, totalling $100.00in principal and $82.16 in interest, have been carried on the books of theFund as assets for nia ny years. The collection of these items is highly ques-tionable... the amount is small... and the auditors for the Fund, Peat,Marwick, Mitchell & Co., have advised that they be written off as of August31, 1959. The committee recommended concurrence in this recommendationand approval of the procedure.
On motion by Miss McVey, seconded by Mrs. Green, the recommendation ofthe committee was approved by the following roll-call vote and tax warrantsfor the years 1931 and 1933 were ordered written ofT as of August 31, 1959:
Ayes-Mr. Meierdierks, Mrs. Green, Miss MeVey, Mr. Petrie, Aliss Taggart,Dr. Lally-6. Nays-None.
Revision in Clerical Salary Schedule
On motion by Miss MeVey, seconded by Mr. Petrie, the clerical salary scheduleof January 1, 1959 for office employees was revised as of January 1, 1960 toprovide an increase of 5% for all rates of salary comprising each salaryclassification. By the following roll-call vote this motion was approved withthe proviso that if the application of the 5% increase results in any amountof less than one dollar in the monthly payment, the salary shall be increasedto the next even dollar.
Ayes-Mr. Meierdierks, Mrs. Green, Miss MeVey, Mr. Petrie, Miss Taggart,Dr. Lilly-6. Nays-None.
L
January 15 462 1960
REPORT OF COMMITTEE ON ANNUITIESAND CREDENTIALS
PensionsThe Committee on Annuities and Credentials reported that applications forpensions were presented for persons, hereinafter listed, with the recommenda-tion that the pensions be approved and granted in the amounts and underthe conditions set forth herewith. In the case of each applicant for serviceretirement pension, the employment of the teacher had terminated officially,the legally prescribed minimum years of teaching service were completed, andrequirements with respect to age (if applicable) were fulfilled. The applicantsfor survivors' benefits furnished proper evidence of their rights to receivesuch benefits.
Member'M Krhool Ser,·lee To Alinunlor lrM . Dzatc Pen M 1 0 , 1~nme of ~Iember ,!enalier'M StiatuM MION. Dily,4 Front Iinte
Optional Serrice Retirement Pensions10182 Abell, Frederick I-I....Ii-ells High ........3.1-3-00 12/12/59 $3,255.2410151 Barce, JIyrtle T.......Van Vlissingen ....25-0-10 11/28/59 2,47.1.4010152 Bal·ron, Angeline M.. .Al·mout ...........31-1-00 11/14/59 3,28,4.681018; Breit, Lois 1'........ .Portage l'ark ......2,-7-10 1/14/60 bve·1910153 Crothers:, Arline.....Watens Plgd. ......30-0-10 11/14/59 -, „-...10155 Davis, Marjorie H....Nobel .............41-7-10 10/ 3/59 4.360.2010166 Dempsey, David .....('11:il,Iwn Plgd. ....",4 -7-00 11/15/59 4,159.3210157 Earnegt. Deborah S...('level:nici ........ .3.1-9-10 10/ 3/69 3,30-1.·i,110158 Hahn, Dorothy A.....1:1·yn Mawr' ........41-2-00 11/28/59 4.390.2010169 Hathorne, Zentis F.....lustin High .......36-0-00 9/ 2/69 3,741.6010160 Hayes, Lc,18 L.......··P,il Vlissingen ....28-1-00 11/28/59 2,813.2810161 Keating, Charles B...Tilden High ..,....29-2-10 11/23/59 2.542,6,10165 Kellett, Cecelia M.····Fiske .............30-7-10 11/ 1/59 2,810.2810166 Kelly, Re gina Z......Austin High .......4.1-2-10 12/12/59 .1,7312810167 Liteck, Helen F,......Hoosevelt Ingh ....40-2-00 11/ 1/59 4,240.2010168 Matthews, Gladys R..Young ............30-0-00 10/17/59 2,973.6010169 Meehan, Mildred L,...I;:11·:mid ...........3,3-0-10 12/12/59 :/,138.4%10184 Pertle, Viola T..,....Phillips High ......32-2-00 11/30/59 3,263.5210172 Rainbow, Clarise M...Rav ...............33-8-00 12/12/59 3,055.·1410173 Roberts, Bernie:,1 13....Wzishington .......24-3-10 10/17/59 2.511.GO10174 Ryan, Loretta Pulagki ...........41-5-10 11/30/59 1,406.768316 Shea, Grace E.... .... Mdmi ............38-2-00 11/16/59 3,796.6810175 Smith, Gertrude G,.. .11:irshall High 26-2-00 12/ 5/59 1,748.7610176 Stupnicki, Mary S....He:tty .......... 26-1-00 12/11/59 1,998.3610177 Taylor, Lillian .......Goldsmith .........45-0-12 11/ 2/59 4,823.2810185 Utzig, Anna H........Steinmetz High ... .43-6-00 12/12/69 4,651.44101 RO Weiner, Irma G......I.ibliv .........34-6-10 10/17/59 3,618.6110181 young• I•ilizrilieth L).. ·Iiarte· .............23-9-10 10/ 3/59 2,46:1.36
ConipulS<Dry Service RI,tirement I',.nsions10161 Jindrich, H*,ni·i,·tta S..Junsrm:·ln ..........·11-1-00 11/ 1/59 $4,321.32•10162 Kadlee, Antin K....· .11111'nHide ....... 25-1-00 12/12/59 2,617.20*10170 Meginnity, Mal·ion B..Henry ........... 40-2-10 12/ 1/59 4,268.88•10171 Nelson, Esther E. ····Fernit ............. 46-1-15 10/ 3/59 4.699.56010178 Turner, Emma P.·····AIny .·····•••·· ...40-0-00 10/18/59 4.187.4010179 Turner , Margaret F... ICoMciuszko ........ 30 - 0 - 00 6/21/59 2 . 888 . 76 **Emcritua teacher ,·ctirrd after re - cmphi, ment on a temporart , baBia .
Surrirors' PensionsSA-31 Aiken, Mary M..........................35-4-00 11/20/59 $1,262.04
(Widoze of Georile J. A il,In. pensioner)ST-45 Chambel·lain, Helen B 28-7-10 9/ 7/59 3,057.00
(Guordian of ·'01171 7'(111 Chumbri·min and A-ancyAnn Chambcrlrzin, minor f:/,fld;·cit of Paul (lhc,m-bermin, tefiehir)
SA-32 Harris, Dorothy B 18-3-10 1/ 2/60 750.60f le idow 0, liarold Z . licirriR, penaioncrb
-latitiary 15 463 1960
Pensions ( continited)
Summary of Pensions GrantedOptional service retirement pensions .......... CSCompillsory sel·vice retirement pensions ...... 6Survivors' pensions
On motion by Mrs. Green, seconded by Miss Taggart, the recommendation ofthe committee was approved and the service retirement pensions and survivors'pensions, listed above, were granted by the following roll-call vote:
Ayes-1\Ir. Meierdierks, Mrs. Green, Miss McVey, Mr. Petrie, Miss Taggart,Dr. Lally-6. Nays-None.
Appointment of Physicians
Applications for disability pensions were submitted with the recommendationthat physicians be appointed for the examination of the applicants.
On motion by Mrs. Green, seconded by Miss Taggart, the appointment of thephysicians, listed below, was authorized.
Charles Thegze, M.D., 3612 Fullerton Ave., Chicago, Ill.J. J. Mussil, M.D., 4948 Dempster St., Skokie, Ill.Oglesby Paul, M.D., 122 S. Michigan Ave., Chicago, Ill.
To examine: William M. Hennessy, Crane High School.
Paul C. Bucy, M.D., 251 E. Chicago Ave., Chicago, Ill.William J. Schnute, M.D„ 720 N. Michigan Ave., Chicago, Ill.Paul S. Rhoads, 251 E. Chicago Ave., Chicago, Ill.
To examine: Beulah M. Paul, Tuley High School.
Cancellation of PensionThe Committee on Annuities and Credentials reported that the followingservice retirement pensioner has been re-employed as a teacher by the ChicagoBoard of Education. Therefore, pursuant to the law, the committee recom-mended that the pension of the person, hereinafter listed, be cancelled as ofthe effective date of re-employment.
Type of Rate of DateName PenMion pen,!lon __lie-Employed
MacCallum, Charles L........,..,,,...,Service $4,130.28 12/14/69
On motion by Mrs. Green, seconded by Miss Taggart, and by the followingroll-call vote, pension for the person listed above was ordered cancelled onthe date indicated.
Ayes-Mr. Meierdierks, Mrs. Green, Miss MeVey, Mr. Petrie, Miss Taggart,Dr. Lally-6. Nays-None.
January 15 464 1960
Rescind Pension
The Committee on Annuities and Credentials reported that on September 18,1959, the trustees approved an application for pension to Pearl P. Trodahlto be effective on September 1, 1959, the date of her resignation as approvedofficially by the Board of Education. On September 30, 19,59, Mrs. Trodalil'sfirst pension check was issued but was not cashed. On October 14, 1959, theBoard of Education officially rescinded her September 1, 1959 resignation.
In the light of these circumstances, the committee recommended that thetrustees' action on September 18, 1959 granting a pension of 52,558.76 peryear to Mrs. Trodahl be rescinded, that her cash contribution for automaticannual increase in pension in the amount of $41.25 be refunded, and that therecords and the accounts of the Fund be revised to reflect these changes.
On motion by Mrs. Green, seconded by Miss Taggart, the recommendations ofthe committee were approved by the following roll-call vote and the executivesecretary was ordered to proceed in accordance therewith:
Ayes-Mr. Meierdierks, Mrs. Green, Miss MeVey, Mi: Petrie, Miss TagMart,Dr. Lally-6. Nays-None.
Outside Time and Military ServiceThe Committee on Annuities and Crecientials rel,orted thatt amdavits, or otherevidence, attesting to or certifying ( 1) service in the public schools of theseveral states or in schools operated by or under the auspices of the UnitedStates outside of the City of Chicago; (2) time spent in the military serviceof the United States during the pension period; (3) service as a playgroundor recreational instructor for the City of Chicago or the Chicago Park District;(4) employment as a civil service librarian in the Chicago Public Schools orthe City of Chicago; and (5) employment by the Chicago Board of Educationas a school clerk are hereby presented for the persons hereinafter listedwith the recommendation that they be approved; provided that in the case ofoutside teaching service no more than 10 years be creditted :incl :11so that thelast five years and three-fift}is of the minimum term of service for which :inannuity is granted shall be in the public schools of the city.
Service Service Creclit.Name of_Member School (1)*.Meription) (YrM. MI),4. 1):ty,4)
'I'ecichi,Ig S,•rvic(, in Pt,blic Schools or Under AuMpires of the UBenflon, 11'101·4·11 + (·
.7'4 ,<4·hing . 0-K-10Drumm. Marg:il·et' U..,..... ·11-el,h,•I'Hon .......... Te:lchilig . 3-0-"01,'lll·(·y. Ho>*nian· ... .Sperell Cor/ 14·:ic·hin:.r .. 1 - () -""Goff, 1':(/#:li·cl I, .Substitute ...........Teaching .10-0-00Leonal'(l, 21,11·y 9 ]Chehal·t ........... .'I'eaching . 3-0-00AI;itthis, 1),iris }3,
P,·:*chim< . 6-(1- 00Yale .......Te:whing 6-0-00Randle:. Elijah . .....Substitute .Savit, ily . Von Ht,zili,·11 Elern. ... reachili,r ... ()-9-()f)
Sharp. Sunne IC., ....,.~~ .~ubte .....,.....TI·:1(·111111 .. 1-0..()1)Wheeler, Angola M. ..]Inmilton Vor. .......Tc.:ic:liinir .. .1- 4 - 41 0
1January 15 465 1960
Outside Time and Military Service (contintted)
Service Service Credit,1Xnme of Member School (De,leription) (YrM. M„H. 1)!ty'0
Militciry Serrice of the United StatesMiller,Max Lane Tech. High......Military ............. 3-7-01Ill,Mell, 1{obert 1'...........\Valler High .........Military ............. 0-0-10
Employment in Other Chicago Gorernmental Units13:irrott, Col·neal M..........Austin High .........School Clerk ......... 0-9-15Crall, Wilhelmina .........Hyde Park High......Librarian ............11-2-15Dressler, Donald R..........Lane Tech. I-Iigh......Recreational Instr.... 1-4-10Schlinkert, Roy W..........Steinmetz High ......Librarian ............ 5-0-00
On motion by Mrs. Green, seconded by Miss Taggart, the outside time andmilitary service for the persons listed were approved by the following roll.call vote:
Ayes-Mr. Meierdierks, Mrs. Green, Miss MeVey, AIr. Petrie, Miss Taggart,Dr. Lally-6. Nays-None.
ADJOURNMENT
On motion by Mr. Petrie, the meeting adjourned to meet at the call of theSecretary.
Recording Secretary.
/1 T1
' January 28 467 1960
REPORT OF THE PROCEEDINGS
OF THE
Board of TrusteesOF THE
Public School Teachers' Pension andRetirement Fund of Chicago
Adjourned Meeting-Official Report
Thursday, January 28, 1960
An adjourned regular meeting of the Board of Trustees of the Public SchoolTeachers' Pension and Retirement Fund of Chicago was held Thursday,January 28, 1960.
The President, Mr. Meierdierks, called the meeting to order at 4:15 P.M.
The President, Mr. Meierdierks, appointed Miss Margaret E. MeVey to serveas Recording Secretary in Dr. Lally's absence.
ROLL CALL
Members Present: Mr. Meierdierks, Mr. Caples, Mrs. Green, Mrs, Light, MissMeVey, Mr. Petrie, Miss Taggart-7.('1'lie uttornell for the Fund, M r. Thomas F. Scullil, ami the actuary, Mr. a. A. Weinberg,(1180 were pi·£8ent.)
Members Absent: Dr. Lally, Mr. Murray-2.(llr. Lallv , 8 abscne. c was duc to the necusitv to om ' late at graduation excrcises at Ata ,·tihallUicil: School und Mr. Min·ra!;'8 absence waa due to the lact that he icas out of the Cit2;.)
January 28 1960468
REPORT OF COMMITTEE ON FINANCE
Authorize Investment Counseling ServiceThe President of the Board, as a member of the Committee on Finance, re-ported that the present arrangement with the LaSalle National Bank forinvestment counseling service on a yearly basis is due to expire on February29, 1960. In anticipation of this and also in view of the fact that the trustees'action in this matter a year ago was based on factors which are no longerapplicable, the executive secretary was requested to secure proposals forcounseling service from Standard and Poor's Corporation and Moody'sInvestors Service.
The committee considered these proposals in the light of (1) their responsi.bility for administering the investment authority which is prescribed byIllinois Statute, (2) the scope of services offered in the several proposals and(3) the relative costs involved. After extensive deliberation and discussion,the committee recommended that Standard and Poor's Corporation, whichserved satisfactorily as the Fund's investment counselor from 1936 to 1959inclusive, be re-instated in this capacity for the year beginning March 1, 1960at a fee of $7,500.00 and in accordance with terms and conditions set out insaid Corporation's letters to the Fund, dated December 7, 1959 and January13, 1960.
On motion by Mr. Petrie, seconded by Mr. Caples, the trustees approved therecommen(lation of the committee to employ Standard and Poor's Corporationas investment counselor for the year beginning March 1, 1960 at a fee of$7,500.00, in accordance with terms and conditions set out in said Corporation'sletters to the Fund, dated December 7, 1959 and January 13, 1960, This motionwas approved by the following roll-call vote:
Ayes-Mr. Meierdierks, Mrs. Light, Mr. Petrie, Mr. Caples, Mrs. Green, MissMeVey, Miss Taggart-7. Nays-None.
ADJOURNMENT
On motion by Mrs. Light, the meeting adjourned to meet at the call of theSecretary.
777 gyraitt d. -3» CY'Y-
Recording Secretary, Pro. Tem.
Fel,ruary 19 469 1960
REPORT OF THE PROCEEDINGS
OF THE
Board of Trustees
OF THE
Public School Teachers' Pension andRetirement Fund of Chica~yo
Regular Meeting-Official Report
Friday, February 19, 1960
A regular meeting of the Board of Trustees of the Public School Teachers'Pension and Retirement Fund of Chicago was held Friclay, February 19, 1960.
The President, Air. Meierdierks, called the meeting to order at 2 :00 P.M.
ROLL CALL
Mombers present: Mr. Meierclierks, Mrs. Green, I\Irs. Light, Miss Mevey,Mr. Petrie, Miss Taggart, Dr. Lally-7.('1 ' lit · cittin· nry tor the Fu , 1 ,1 , Mr , Thomciq F. Ret{ 11 ! 1 . ( 212 , 1 the flettia )· 11 . AIr . A . A . Irc i , 1 1/4, rq ,./.·o u·cre present.)
AIembers absent: Mr. Cal)les, Mr. Murray-2.(.1/,Renrc 0/ 3.r,·. Cavlc.q ti·(IN flur t,i flu· ncers:i/1/ fif b' infl out of Chic·(190 on business.)
APPROVAL OF MINUTES
On motion by Mr. Petrie, seconded by Mrs. Green, the minutes of the regularmeeting of January 15, 1960 and adjourned meeting of January 28, 1960were approved as printed.
February 19 470 1960
REPORT OF FINANCIAL SECRETARY
Tax Levy for the Fund
The Financial Secretary presented Report No. 67558-C of the Chicago Boardof Education which certifies the amounts and purposes for which a schooltax is required in 1960. Included therein is the sum of $9,568,000.00 for thepurpose of providing revenue for the Public School Teachers' Pension andRetirement Fund. The Board of Education ordered that a formal demandand direction be made upon the City Council of the City of Chicago to levythe aforesaid tax, and also that the President and Secretary of the Board ofEducation be authorized and directed to present and file a certified copy ofthe resolution with the City Council of the City of Chicago.
On motion by Mr. Petrie, seconded by Miss McVey, this report was acceptedand a copy of the Board of Education's resolution was ordered filed withthe documents for this meeting.
REPORT OF COMMITTEE ON FINANCE
Reimbursement of Contingent Account
The Committee on Finance reported that receipted bills, cancelled checks, bankstatements, and other supporting documents covering expenditures for theperiod from January 6, 1960 through February 9, 1960, inclusive, and totaling$707.02 were audited.
The committee found that expenditures had been made properly and reconi-mended that this account be reimbursed in the aforesaid amount.
Bills
The following bills were presented with the recommendation that they beapproved and paid.
.#11114 StlitionerN, Ine.:1/30/60 Ofnce „1 1,plies; $ 58.24
E. U'. Hor],tia C'um[):iny:2/ 1/GO MinWOKI·.iph Stilit,lies 38.00
lim,r,1 „r Edlic·:Ition „f the City „f C hic:lgo:
2/ 3/60 Preparation of tribulating r:11·(18 showing teachers' salarydeductions for each I,ayroll period from 10/1/59 to 12/31/59. 252.51
CopenNe Corporation:1/ 8/GO SUK,Plies for phot,)Col)ying In:ichin,·.-.~.... 53.85
}I[,Ye. 3<111(bdirial Ker,·ice, Inc.:1/29/60 A;tuarial an(1 ilts,11·:,11(·c· stilti.tic':........... 5 156.30
I "n>lion I):lyi·oll chatigt·: for J:inual·y 11)60.. 18.00of!leci :idillinistration 33.50 207.80
Interit:,71„,„,1 11„M|Itc.MM Mlic'hinew Corp.:
1/11/60 Maintenance On 2 electric typewril,·i·,4, 12/1/59 to 11/30/60.. 72).00
1960Fe' Tuary 19 471
Bills ( c ,n ' inpic(1 1
11 4,< 'tirmii·k ni„1 11{•iiI «•1·xnn. Ine.:
1 / 7 /60 Print ,·, 1 forms and supplb ........................ 711 . 1 .11/12/60 8,31·tilll, foliliti:r. 111,1ilill< ailil 1)41:t;(Et'-ll;.000 :t:lt,•-
ment$ 0/ 1,·:wh,·rM' :weounts . S 10.1/0
1/31,/60 1:„port of X„1·,·11,11,·t· 1,1·<i,·,·,·cling:B .............. . I . T 1 6. 811 3
lie:it, M:ir. 1/k. ilit,·114·11 .C ('(i.:
2,/15/60 -\ziditing :trvices for the ye:ir end, d Ari:rzist :;1. 1.4 .-,4... -1,200.110
1,111·MiC/Illl: :1/11/60 lt<,bet·t F'.. Mont·e. M.D., 1Cx:itili 11:,ti„n i,f
M:tr#:0·et prir!·.ir 5.110
1./2S'(,0 11:kill H. Elic,:141:, 11.1).. 1:x:iminatic,1, „flh,Nlah M. P.'Mil 23.OR
2/ 1:'60 Jrilli:ini .I. Schnut,·. M.D„ 1·:x,zijiination ofBeul:th TI. 1-'.1111 .. 23.00 55.00
1.it:iry-]i'iii·eM: Int·.:
2/ 8/60 Partx for 11(,51:111· 1110t,·1..
Remingicin ]Ezind:
1/ S/60 21:,irit,·11,·inee „N T trl„.UI·iters and 1 addirlir ma-chine, 1/7/GO to 1/7/Gl
57.329.44
On motion by Miss MeVey, seconded by Miss Taggart. the foregoing reportsand reconimenda'lions; of the committee were approved. Reimbursement of
the contingent account and payment of bills, listed above, were authorized bythe following roll-call vote:
Ayes-Mr. Meierdierks, 1\Irs. Green, Mrs. Light, Miss MeVer, Mr. Petrie,
JIiss Taggart, Dr. Lally-7. Nays-None.
Refunds and Death Benefits
The Committee on Finance reported that documents pertaining to claims
for refunds and death benefits listed herewith were examined and verified.Evidence from Board of Education records shows that applications for re-funds on account of separation from service were made by persons no longeremployed as menil,ers of the teaching force. Application for refund of
contributions for widow's pension was made by a male teacher who wasnot entitled to such benefit at the time of l'etirement. Claims for refunds
of contributions and benefits payable on death of teachers were determinedafter certifying dates of death and establishing proper evidence for eachbeneficiary, administrator or executor. Refunds requested by the Board ofEducation represented reimbursement for pension contributions credited tothe Fund for persons whose salary payments were cancelled, In the caseof Shevlin Singer, the refund is due to Board of Education payroll deduc-tions iii excess of the statutory requirements. The committee recommendedthat the refunds and death benefits listed herewith be granted in the amountsspecified.
February 19 2 1960
Refunds and Death Benefits ( c „ntinucd)
The committee reported further that other refunds to contributors, listedherein, were paid at the time reports on audits of such contributors' accountswere submitted. Such refunds were due to changes in rates of contributionsfor creditable service or to other required adjustments in the application ofautomatic increases in rates of contributions by the Board of Education. Thecommittee recommended that the payment of these refunds be confirmed andapproved.
Refun(14 11/e ReMignittion of Ii€•Artiliarly I·',mployed Jlri:Ilierv:
Alton, Othella E. ......... .$ 1.055.70 JIc,nzik. II:irice I:.. .5 ':8.23I:ecker. Katherine M. ... 732.09 M,iran, Hit:i W:111.. . 1,146.31Itier. Florene:,· F. .. 1 742.90I:lumberg. Barbara L.... .. 1,0 40.·10 Mul·clock. Bal'1):LI':l 'W. ... 5 0 1.11 OBo>d, I.~,is .......... . 1,25.1.91 Xervig, An„ M........ 55·1·10
N,·wril:in, Wils<,n L. .. 4,292.65Calloway, Lawrence G. 2,559.63 ()1,1 f.(,11. I'.Lt,-ic·i~l 11'. .. 8()6.50Derunne, I:oberta ..... 198.00 c.,ls,·n. ('harlott,· Ann..f)i:tz, AT:~rl,·ne ..~...~. GO..·10Fitz.Keral,1, carol,· A. ... 825.!Ii; ]';Itt, .T,·:lnne ~-alliti.. 160.50filaisman, lIat·ilyn W. 234.00 I':Ltton, I-)¢n·01113· 1:. . 1,6(IS.11*;1'011;it}, Ii·is ......... 700.68Haskell, Richard I 2,0 (13.3 4 1.end,·r, IC.irle ...... 3:i:;.O.1K:imber. Ethel C:........... 4%,4.00 I:„bin:on, Judith N. 115.51Kaplan, Esther E. 500.9·1Le.NA, Jo>·ce Ovitz '1·10.50 I':tisk. Gret,1 01>:on...... 3+7.90Lessie·k, Anna C. :120.40 S.,1,111. Arthur JitliuM.. 2,3.0.59Rhultz, .Inan......... 2·1!1,00I.inklat,·r. I.lord W. 613.09 Si,·wors, Marjorie P... 1,17:;.23f,vons, ,Tzi:init:t ......... 111.K7 Stepli:in, Drn·„thy S... 781.15.M:it·tin, Jarda IC. ...... 1,311.40
$34,982.02
Refund* 11/e 5<elinration fron; Ser,·ire of Mul),ditute„r Temporarily I.'s,ip](iyed Ten,·]irri:
Arnold, Charles G............5 755.69 T,opaty, I,enove Rene... .5 40.5113'·rn.xen, Adrienne G .· ........ 496.66 Manclac. 1)olores M. ..... 411.!11l:litin. Muriel .. .............. 407.41 Mareska. Frank....... 153.95131-ew,·r, ]Cv:1 AL .............. 92.95 Me(:ullough, ]Cdward ]C.. . 592.50P.rezon, Alice C..........···· 121.5i 11,·M.illan, Thomasine D. 102.00Brr,n,fic],1, William C., Jr.. 1,381.25 Men'kk, J:illies .... 1) i .i)ZCox, .James R. *M.63 Meyer, Constance ····· 36.00c'r{,Ii·r·, Norine: .......... 570.75 Monms Joan ...... 11.25Curti:, Arnell . 1,236.SS Morint:zin, Gayle ...... 115.50Dew, V,·Ima 13. 659.·10 Nibbet. Dianne Jane. 327.90En:11:ind, Flrn·(1 271.68 C)'M:n·:1, 1:~,he·t ..... 11:1.19Gibhons:. Anne Mnry.... 427.05 14 11,·r, Marlene 197.25Gilmyl. Jainii· M. ...... 900.51 1'11,·lan, .Toan Zurrk. 2.1.(10';(,•·':M]ini-, C.:Ith,·!·in,· ... 8.1,;.1~f) l'i,·1., iii'·11:11·(1 11.. ... 4!/2.11(;ood. Michael 67.52 Pillet. Gretchen B. 252.:10
SO 1.1 5 1.r,th, 16„1„·1·t M........ 6-10.90445.41 I:p:11·don. Patricia C..... 711.50
42.26nal'P'.11, M:irth:, J..... 1,07·1,91 S:unpson, Dor„thy V.....Iii·:idy, I,inda M. .... 111.91 Schounr·man, Ihith J ......... 51.00H,·il\·IM, 1':1,·:i„r,r 1[. . :4.00 Scolk(,1·sky, P:iti·icia S. 45.51Hildner, Virginin C. ..... 231.00 Sm:111. Tt~th R.......... 71...10Hoffman, Patriria C.... S'.25 Scilic'. Judith 11. 111.15TIoopes, Xed 1·'.clrv:tri] ......, 168.iii Stillivan. 1,ililia Marie... 1 .1 ,< .00T:;1:1(·:, T.il:i 1 49.00 Wallace, Mary M. 120.75Iiioi·ir), Annr· Then·,e.,. 23·1.00 Warn,·r, HI'i/·Iry D......... 416.K:;Johani}M, Glorin ..., . 25';.35 Ir„.icik, Phyllis 45.00)099)11Sc,n. M:il·gal·(4 1,.~ 509.41Er,enin Irill'· i.h·r.. ...~ 198.00Tfcillski. Willi:,111 .1. .... 1 1 't 1,7Landy, R(inald 15.9 1 31!),7-
1·-el,ru:try 19 473 1960
Refunds and Death Benefits ((·(jiltiltut ·,11
Refurnil of Contri|,11114)11,4 r.r Wi,Inii·'~ 14·n~ionic, l'er*c,n N(it ]Cntitled to Mitch lic!,clit:
IV:illace, James W. 545.64) $ 598.69
lic.ft:,id,N cif .iceuna,]Intril (;Ii,trilintic, iii *,11 De:,(li:
1 ) 01 ,·.: il , Anly Su· em ( G ,· true /: thrard 1 },il , -, 11 . bcm·-fiein,·V ) R 3 25.50
1 -I : illerud , 1 :„ Ivert E. ( Elitin„ i · kENton (;„ rmici . ticlmin -i .ft ,·ator . (·* 1 , 1 /(· O / 1/ 1 ·/ c , 1 . litwi ( Iti , blir . 1 ihill <' 1 ' 11 (1 ,b < Mtic' icir !, id k„ I„· it E . liall , rt{, 1 ) . 66 : 2 . 12
1 ·Iunter , Kile : 11 1 ·:. t . 1 / 0 litill N. 112, 16 ( 21- (rn (1 Mil 'fitl · rt L.liunter, h, n<·/ic·i,tri,:) 5,176.15
Keating , Daniel . J . ( ki ,· hard K , Mmu and Man, Ketifing ,4.765.78
Soldinger, Eva C . ( Parid Charh'.4 Noidin !,er. benefil · ifi )· 10 3 , 968 . 66 $ 11 ,$ 99 . 31
Kingle linyment licilelil„ irn Dentli of '1'eneherM:
Di,lezal, Am,· Swem (1.71·,i //u,/1,( 8. „dinini:trato,·, c:tutcW -im!/ 11(,ft. ff,1-1}IC,·11, Amil St<·cm i),)k=cil) .......... 250.00
II . illerud . Rol ),· rt IC . C /.' 1 ,·ci , i „ i · /; ixton f , wmki dmm -istrator , wtat (· Id /1 i / rn . 1117111 ( Ilit · lile,·) // alicrud ,brm*riur!/ of knht·,-f N. Hallcrud).................. %0.00
I · Iunter , 1Cil : un IC . (.1 /, 1 rion K , Hunter trnit Mm ·guret L .littilt ,·i ·. bctic · litic! 1 · i ,· x ) ... I . I 3 , 000 . 00
Keating . 1 ): i ], iel J . ( ilic· litirct Actiti )19 trn (I Mt! 1· 11 1~filtillu .bc·ne/i,·irti·i,·v) 4 950.00
She,t, Fi·:111<.is P. (.1/,1,-5/drct (i. .<12(·a, bi·,1,·/i,·1(ti·i/)...... 5.000.00Soldinger, 1,2·:i C. (/)cri·i,/ ('hic:,·lc.: X<,/diii ,/ci·, brue/icicti·,/) 4,050.00 20,200.00
114.furn,1,4 „f Cinlril,11(14)114 ((i the ll„:ird (if IC(lii,·:tli,in:a/c. Sialiary Cnileellilti.,aN:
Wallace, .To>-Ce L. 92.6-1-Walser, Mildred 27.6:: 120.27
Reft:,1(1 :t/r ('(Diltril, Iltic)11,4 in ]C,4.4.+M (,f theStlifilt „ry 11('ciltireme,HM:
Singer, Sherlin 20.00 20.00
Refirn(IM of C'()nfrililitic!14 for Ser,·ire 1,1 Exce<M of 45 YearMin t][e .1 111(nint Ai)1)1ic•111)le 11,4 fin OfTMet to the Delletency forMer,·tee l'rtor to Jilly 11)31:
Crawford, Regina F. Sl·1.70Graham, Edith M. ... 478.0XKeenan, Eli:.lbeth A. 761.25
414.2XKilburn, Florence M.Mciulty, lelizalwth 991.00 3,494.31
lit·firn,IN 11/e Adjt,Ktmc·]104 111 Itial c.4 (if C¢intril)11110"4:
Friedm:rn, Fl·am:t·s G. 11.00Kelly, James 12. 0.35 20.35
12_3. GAS.38
On motion by Miss MeVey, seeonded by Miss Taggart, the foregoing reportsand recommendations of the committee were approved. Expenditures for thepayment of refunds and death benefits were authorized and confirmed for eachaccount shown above by the following roll-call vote:
Ayes-Mr. Meierdiet.1:s, Mrs. Green, Mrs. Light, Miss BI(Vey, Mi·, petrie,I\Tiss Taggart, Dr. Lally-7. Nays-None.
February 19 434 1960
Excess Contribution Credits
The Committee on Finance reported that an analysis and re-examination ofmember accounts have disclosed certain errors in the amounts deducted fromsalaries by the Board of Education. During the years prior to September1959, the pension law provided a schedule of deductions which was unrelatedto salaries paid by the Board of Education. Ill some cases, such deductionsfrom salary were not made at the proper yearly levels as provided in thecontribution schedule.
It was recommended that, if excess credits are disclosed in such analyses,refunds be paid to the persons concerned. It was recommended further thatthe executive secretary be authorized to pay such refunds and that a reporton such payments be submitted for confirmation at the first meeting of theBoard of Trustees following such payments.
On motion by Miss JIc'Vey, soconded by Miss Taggart, the recommendationof the committee was approved by the following roll-call vote, and theexecutive secretary was authorized to proceed in accordance therewith:
Ayes-Mr. Meierdierks, Mrs. Green, Mrs. Light, Mhs McVey, Mr. Petrie,liiss Taggart, Dr, Lally-7. Nays-None.
Duplicate Warrants
The Committee on Finance reported that the persons named below requestedduplicate warrants in lieu of the following described checks which were re-ceived and lost. Affidavits certifying these losses and in each case indemnify-ing the Fund against any liability, damage or expense which may result byreason of issuing such duplicate warrants were duly filed. Therefore, thecommittee recommended that warrants be issued to the persons named belowin the amounts indicated.
3 zinte Amcitint Number Dnte Ihirp(,Me
BuNh, Mayme C. ..........$201 .56 79125 12/31/59 1-'ension payment1Ijertstedt, Walter C. 266.96 70242 10/31/59 Pension payment
On motion by Miss MeVey, seconded by Miss Taggart, the recommendationof the committee was approved and the warrants were ordered drawn by thefollowing roll-call vote:
Ayes-Mr. Meierdierks, Mrs. Green, Mrs. Light, Miss l\!cVey, Mr. Petrie,Miss Taggart, Dr. Lally--7. Nays-None.
Fe!,ruar>· 19 475 1960
Purchase of Bonds Confirmed
In accordance with the advice of LaSalle National Bank, investment counsel,
and in n mail vote priol· to the date of this meeting, the Committee on Financereported that the purchase of the following securities was approved on the yieldb:isis noted plus accriled interest. The committee reconimended that this pur-
chase be confirmed and that the securities be registered in the name of theFund.
jmwint 1)(Kerilitiwi cif It,inil. lizit / 1}:itr *if TI,Il':ir i:!Itie) X:tme (if l·irm 1Vi•,1 71:111] rit. liel,1
I)„minion of Caticicia$500.000 Province of Xen- Bimwi·ick, 2/1/60 2/1/Ss 5.·10(&
C:in:idgi, 5:'·: , i '1' 11 ,·lity-I•iveYent· Silil:in;r Fund Delientures
1-Ialse>·, 54221:irt & Co., for:Bl:dr & Co. Inc.: Eastni:rn Dillon.Ultion St·ellI·itie,; 11:Ast·>-. Stint't & CO.;Ler Higginson & Co.; Humblower & H-eeks;Lchili.111 Bros.. I':Ii/1,·. irthl„i·. ./.icl:son &Cit!·tis; Salonion Bros. & lizitzler
011 motion by Miss MeVey, seconded by Miss Taggart, the above transactions
were approved and confirmed by the following· 1·011-call vote:
Ayes-I\Ii.. Meierdierks, AIrs. Green, Mrs. Light, Miss MeVey, JIi·. Petrie,Miss Taggart, Dr. Lally-7. Nays-None.
Salary Schedule for Pension Office Employees
The Committee on Finance reported that, in keeping with its establishedpolicy of using Board of Education salaries as the basis for a schedule forpension oflice employees, a study had been macie of graded classified positionsof non-teaching personnel of the Board of Education. It was iii,ted that (lue tothe extensiveness and diversification of the Board of Education': operations,
its graded positions are nulnerous and many have no application, whatsoever,to the operation of the Pension Fund. Tiwrefore, the classifications of posi-
lions which cio apply were selected as the 1,:uns for the following schedule ofpositions and salaries for pension office employees.
Grmle und (118%%111ration Increment+ Mcinthly 11:Ile
Grad, 1 . 1st year 8223 . 002nd year 2:14.003rd year 245.60
Messen;rer ith year 257.006th year 26,1.00TI,lil clerk 282.00Gth thi·11 9th10th thru lith 296.Of)16th & after 311.00
February 19 476 1960
Salary Schedule for Pension Office Employees (continited)
C,r:Ide and ClnNHiftention Inerri,ir,it N Monthly linte
Grade 2. 1 st ypar $ 269 . 00End year 282.00Brd year 2,16.00Tr,mptometor opr·rator '}th year 2 11.00.hinior c·lerk 326.00.hinior statistical clerk .-,th year
'I'yr,i:t lath thru 1:;th Zi!1.00Gth thrit fith 3.12."0
File clerk 16th & after 377.0(1
Gracie 3. 1 . t year 326 . 00und year 3·12.00
Senior clerk 3rd year 159.009·nic, r .tenographer ·lth year 377.00Senior typist ith year 395.00Pension p:i,-1·011 clerk Gth thi·u gui 415.(,0
1 Otti tht·li litli 1~15.(1(1H,·nior statistical clerk 1Gth & after -157.00
Grade L 1 . t year 359 . 002nd year Z; 7.00'rd >·ear 505.flnPrincipal ,·lei·k
Principal :ten,iKI·:11)11,·r 1th year 415.00Sth year 435.0(3Book kc·,·per
Sup,·1-visor of contributor arrozints Gth thru Dth 457.0010th thi·11 15th .17%. 00Clairns supervisor 502.0016th & after
Grade 5. 1 : t year 435 . 002ncl year 457.00
·178.00·lth year 502.00Accountant 5th year 526.00Gth thi·u Oth 552,0010th thi·u 15th 579.0016th & after 608.00
Grade 6. ist year 526.002/(1 year 552.00ird year 579,00·tth year 604.005th year 637.00r)fnee manager 6/h thrn 9th 669.001 Oth thru 15th 701.001 6 th & aft,·r 736.no
The committee recommended the adoption of this schedule with the pi'ovisi(msthat (1) employees shall be paid at the same year of service as was previouslycredited for their positions and (2) no employee shall be paid at a rate ofsalary that is less than that paid prior to the adoption of this schedule.
On motion hy Miss MeVey, seconded hy I\Iiss Taggart, the recommendationsof the committee wore approved and the above salary schedule was adoptedby the following roll-call vote:
Ayes-Mr. Meierdierks, Mrs. Green, Mrs. I.ight, Miss MeVey, Mr. Petrie,Miss Taggart, Dr. Lally-7. Nays-None.
Fet,rit:irs 19 477 1960
REPORT OF COMMITTEE ON ANNUITIESAND CREDENTIALS
Pensions
The Committee on Annuities and Crecientials reported that applications forpensions were Iii·osented for persons, hereinafter listed, with the recommenda-tion that the pensions be approved and granted in the amounts and underthe conditions set forth herewith. In the case of each applicant for serviceor disability retirementt pension, the employment of the teacher had tel·mi-nated, the legally prescribed minimum years of teaching service were com-pleted, and requirements with respect to age (if applicable) were fulfilled.
Each applicant for disability pension was declared by thi·ee conipotent physi-cians to be suffering from a disability which wholly and presumably per-manently incapacitates her for teaching. The applicant for survivor's benefitfurnished proper evidence of her rights to receive such benefit.
Mem]}er'M >4·]1(Hil Mer,·ice '14) X 'inu:11"r J rM. I):,(t, ] 'inNi(D 11
NO. Numr of Mmnlier Member'. Nt:[1114 Mn~. 1)in-,4 Frii,i/ 11:,tr
Optional Serrier Ri · tin ,ment ic ', 2 . 4 , r: X
7:129 Allglls, Rose K.........Hurley ............':9-1-00 12/26/59 5 4.171.64101 1,1 Cuble, M,lry JV.........,4,·ward ............2,1-1,-10 1/80/60 2516.1210192 ('hurch, Wilbur O......,8,·hurz High ...:3,1-0-10 2/ 5/60 :1,01 7.7610193 glettenbersr, Esther S...lustin High ..... .21-6-01 12/30/59 1,010.521019·1 Clinch, Elizabeth 13.....Tamic,011 ..........'18-2-00 1/30/60 4.119.60
SO93 D:,skey, Annamae ....\-0,1 Stritlien Iligh..",1-9-00 1 x1 6 '60 ...:,1/.8.11(11 51!} Devo,·, Mildred M....,.Xtonteflure .........39-8-10 12/23/59 4,1 SO.9210200 litiffy, Ani C...........\Vm. Green ........:;2->-00 1/30/60 :&,122.41.110201 1Cdwin·(19, Ann,1 11......1:;nnett ...........·10-1-00 1/30/60 4.321.5610202 Fischer, Stacia I-I........\Inundsen High ...·10-8-10 1/30/60 4,118.76
10206 Hopkins, Marie M... . .13:1:4 ..............34-0-10 12/16'59 2,9·ts.0410207 1-Irighes, Irene W.. .... .1 larper Ilitrh . .·11-0 -1 0 11 /14 'St) 1.252.1/.110204 .Tanies, Ernestine ..... Low#·11 . ..39-5-BO 1/:20/60 4.259.7 610215 Malce, Mary ..........11,·nderson. ...42-7-00 1/16/60 4,586.·1010218 Monge:ui, Ikkn M.. . . .Dixon 42-2-10 12/30/59 4.519.SO
10219 O'Brien, Ruth C........Skinner ............11-2-10 12/26/59 4,167.727-1 *9 Tanprib:lum, Goldic ...Hyde Park Iligh....:;1-5-00 1/30/GO 2,823.00
C.(impulsory Serrice Retirement10186 T-1,·ckham, All,ort S.....Bureau Child Sti,(lr·.29-f)-00 1/30/60 :1.219.·1,4101,7 Blile, Rtith M..........1-)<,nint 1/30/GO 1.::1)1~.2(I10180 Britt, M:trie T,.........'1'i·~IrIilitill ......... ··}·1-0-(H) 1/30/60 4.7·16.04*1 "1 Kl) Hrown, 1.)alna R....... 1•'lower High ... .3'I.4-00 1/3 0/6 0 1.2 K 1. S 4 .1()11)0 Bulger, Mary F........1 :owell :7-1-00 1/30/GA 4.03:i.::2
101 MS Crain, Ethel M.........11:11·1·y & Schill,ert..·10-K-00 1/30/GO 4.4 00.04*10106 ('mrrford, Regina F....Ray ...............·16-4-00 1/30/60 4.%52.42*1 f) 1 417 ('.urtif, Emmy D....... 1:nosevolt High ....20-1-10 1/:10/GO 4.178.44•1 (11 !19 Dec·hent, Mable At.....Nobel .,,..2 S..9-00 1/30/60 21.0.1 X.0010203 Graham, Edith M......IN·11 ................16-0.08 1/30/60 1, 090.·18*
1820·1 1-minbecker, I.,ucy IC.,.>:trinmetz High ....85-2-00 1/30/60 3,821.0110205 HM·enor, Irene C......()'Kerf# ...........45-5-04 1/30/GO 4,g O.·18*10208 Humphreys,.T.Anthony. A-il~on 131·. .Tr. C„1...27-5-00 1/30/60 8.02 8.6810210 Kaiser,William L......(-'hicago '1'0:1. ('c,1....:;:6-6-(10 1/30/60 3,790.fig10211 Keenan, Elisal}eth A...Kehurz Trigh .......·15-!1-00 1/30/60 4,49(}. 48*10212 Kilburn. Florence M...GreMc,i·i' .......... .50-7-10 1 /30/60 4.*913.·ts•1~)213 Le,·te, Mat·ion E....... linke View Hiu·h.....10-0-no 1/30/60 .1,3.17.Of)1021.1 L,·>:ter, Hecsie L.......1.~rli-yn Park Hitrh..·11-5-fic) 1/30/60 4.51 0.n A *10216 Me>:11111. I'lizabeth ...Phil Hhorid,in ......·19-0-(16 1 /:t n ,/ 1; n .1 S"A.1 K*
5528 Mercon }Culalia K......Cook 41-0-00 1/30/60 .1,7.15.0.1•
February 19 478 1960
Pensions ( collti ,11(£(I j
)Irmlier'v School Ser'ier To ,innualOr TrM. Dult· I'(. " 4 lilia
X,D. rume of Member MI.1,11,(·r'. *t:ituM 11,)4. 11:13-M Fnmi lent,·
Comprilsory Serrice Retirement P/,// Si ,„, N (,·(intinurd )
10217 Mich,ic·lis. P.utli II..... Mil·;ran I '.Ii·k High. 35- 1-1 0 1/30/60 3::,052.601/,22(, 1';itrick, Estelle S......('1:ir .......········ 17-1-1,11 1/:41)/1,411/)221 Prott>:man. Irillium G.. E,dvyn I'.irk Hilli.:i>,-7-1„1 1/:to/*; 1 1 4.206.7Ii •10222 San>:t:,clt, .Ttl,lith T.....7';ir'lf,1· ............37-2-00 1/3 0/60 1,lit 1.72.10223 Searls, William .......1':it·ker High .......30-5-00 1/30/60 ··,-.,1.*S•10221 W:ill:le,·, .T:1111,·- -\V.....('i·:111,· High ........·11,-2-03 1/38/60 4,%!10.·th'10225 Wheeler, Ang,·la M....11·it,iilt„11 V„c. ICI. :,6-K-()1) 6/20/5,4 3,552.:,2.10221; Zipperer, Ruth .1......IIowland ..........42-7-00 1/Do/G{, 4,1,1 X.50
* Emci ·itux tcti ,·lier rrt , rtit < 1 · t i · r ri~ -t · mi , l „! fint nt (, 11 ( 1 temp„, 1·In · 11 b i/* i...
Disability IG•firement Pensions
J)-152% 71111·1·:ly. li:11·K:,1·,·t Il.. IVil:,)11 1.1·..Tr. Col... 12-Z-~j 6/30/59 727.20/)-IS[i I':Lul, Heill,ili M........7'611,·3- lilish 9/ 1/54 .1. 18
Surriror's PensionST-·16 Sh,·:i. M.21·garpt J..................... .38-1-10 1/16,'GO 1.1191.SS
CUM„ir of Inincix P. Kiti·,1. t,·,i,·1„'1·)
Summary of Pensions GrantedOpti(,nal s,·rvic,· ret,rement pensir,11:..........1,Compulhory 541·1·vic,· retirement I,cnsions.......2XT)is:il,ilit, 1,f·Il>:i')1154 ...··················
1
On motion by Mrs. Green, seconded by Mrs. Light, the recommendation ofthe committee was approved and the service mid disability retirement pensionsand survivor's pension, listed above, were granted by the following roll-callvote:
Aves-Mr. Meierdierks, Mrs. Green, Mrs. Light, Miss JIc'Vey, Mr. Petrie, MissTaggart, Dr. Lally-7. Nays-None.
Appointment of Physicians
Application for disability pension was submitted with the recommendationthat physicians be al,Pointed for the examination of the applicant.
On motion by Mrs. Green, seconded by Mrs. Light, the appointment of thephysicians, listed below, was authorized.
Arnold Black, M.D., 1 N. Pulaski Road, Chicago, Illinois.G. K. Fenn, 122 S. Michigan Avenue, Chicago, Illinois.A. S. Geraci, M.D., 5679 W. Madison Street, Chicago, Illinois.
To examine: Beatrice S. Knaizer.
February 19 479 1960
Revision in Rate of Pension
The Committee on Annuities and Credentials reported that a re-examinationof Board of Education parroll records for the year ended on August 31,1959shows that a sick-pay adjustment for Mary A. Lynian was made four monthsafter the date of her resignation and also after her pension was granted.This late salary adjustment, which was not made known to the Fund at thetime of its occurrence, resulted in additional pension contributions and creditfor one-half month of service. Accordingly, Miss Lyman's pension should
", be increased from $3,902.16 to $3,915.96 per year. The committee reconi-f mended that this adjustment be made and that the records of the Fund be
revised accordingly.
On motion by Mrs. Green, seconded by Mrs. Light, the recommendations ofthe committee were approved and the above-described revision in rate ofpension was duly authorized by the following roll-call vote:
Ayes-Mr. Meierdierks, Mrs. Green, Mrs. Light, Miss MeVer, Mr. Petrie,Miss Taggart, Dr. Lally-7. Nays-None.
Cancellation of PensionsThe Committee on Annuities and Credentials reported that the followingservice retirement pensioners have been re-employed as teachers by theChicago Board of Education. Therefore, pursuant to the law, the committeerecommended that the pensions of the persons, hereinafter listed, be cancelledas of the effective dates of re-employment.
Typrof Riale „f DArFnme 14"Mion 1'{'11Ni On Re-employrd
Hanson, Gladys S. ...... . Sol·vice 52.702.28 2/ 1/GO.Tohns:on, 7!-argaret G. ....... ......Serriee 2,371.08 1/22/60McCann, Elizabeth M. ... .. ...Sri·vice 2.322.24 2/ 1/60Somers, Jeannette S. .. ..Service 2,916.·t O 2/ 8/60
On motion by Mrs. Green, seconded by Mrs. Light, and by the followingroll-call vote, pensions for the persons listed above were ordered cancelledon the dates indicated.
Ayes-Mr. Meierdierks, Mrs. Green, Mrs. Light, Miss MeVey, Mr. Petrie,1\Iiss Taggart, Dr. I,ally-7. Nays-None.
Outside Time and Military ServiceThe Committee on Annuities and Credentials reported that affidavits, or otherevidence, attesting to or certifying (1) service in the public schools of theseveral states or in schools operated by or under the auspices of the UnitedStates outside of the City of Chicago; (2) time spent in the military service
3February 19 480 19) im
Outside Time and Military Service ( r , litin Iled )
of the United States during the pension period; (3) service as a playgroundor recreational instructor for the City of Chicago or the Chicago Park Dis-trict; and (4) employment as a civil service librarian in the Chicago PublicSchools or the City of Chicago are hereby presented for the persons herein-after listed with the recommendation that they be approved; provided that inthe case of outside teaching service no more than 10 years be credited andalso that the last five years and three-fifths of the minimum term of servicefor which an annuity is granted shall be in the public schools of the city.
jinme Schi),)1 Mervier Year'
Fox, James H. ........ iniund:rin His:11 .,...Recreritional Instr, 1.900Hawkins, Elmer IC. ..I-I:irrison Higli .......iLilitary Service ....... 0.750.T:trot)son, Floyd II........./Wright Jr, Coll. .Milit:11·y Set·vice ... 3.350Krimling, Stella ....... ..Lloyd ,........... ..Tonching Servin 3.000Munson, Josephine 13.. ...'Wells High ..... ..Teaching Service . :;.000
NX:atir. Elsie M............54•-·nn High . ..Teaching Service .. 0.600S,imt,son, Loretta .......... Pri·k M.·Inor . . .Teaching Service . . 7.90054<,inniers, Ethel R...... . .Sul),titute . . .L,ibrarian Service .1 .7-Strickler, Siclney ....... ..('hic.'t;.3, roe. ..Military Service ... 9:87~Thomson. Margarret S.......Madison ........ ...Teaching Sci·vice .....1.975
On motion by 1\Irs. Green, seconded by Mrs. Light, the outside time andmilitary service for the persons listed were approved by the following roll-call vote:
Ayes-Mr. Meierdierks, I\Irs. Green, Mrs. Light, 1\Iiss I\IcVey, Mr. Petrie,Miss Taggart, Dr. Lally-7. Nays-None.
MISCELLANEOUS BUSINESSRetirement of Trustee
Miss Taggart presented the following letter to the President of the Boardof Trustees:
I,·li)-lfur// 19, 1960
Mr. (:crn·fic· 0. Mcir,·dirrk,4, i,-i'sicit'}it('lli,·,1 !1" Tffic·}IrrM' Pt' 111(irrn iffiard222 .< .i *i ,- th Lit ,\' 41 / 14 · .tf ,·f '(' tf''Ii"llf/'3 1. tilin,lix
/),·if,· .1/1·. .1/rierdir·i-/oc·
In nilfic:ilititi„11 „f mil reti,·4'mrit Ilx ft mrmlirr of the trac'llinfi 1(33·rr ilf tlir Chic'(19„ I'llhlic6,·11,1018. T hert'141 tender m!/ Ir.tionatitrn (154 41 inrinbrr (d th(' ('hic·(143#i '1'i·(1*·11*·)-8' 1'(nxi,inIbitird effrilirr /46ritin·w 20.196,0.
I t·,in,int iici 84 iritlifnit klitti,1,1 tlint in!; trnil,·c aa a menalirr nf tlir li„(Ird lirix 1)<'i')1 i),ti·r-exting {imi stimiliating (Ind I /(11% moit lii(ildg mlf (188(}(·i(Itifilt with tlir 711(·ml,(·i·R f,J theMourd and Onir Executivi' 84'<'retorN. (111 of 2,·hrim hare 811„u·12 1}int thril (11~r (Irfermincd10 Uirc to the traclie ,·14 fif Chi ('(19 (, the 1,(·.4 vension /) 06' sible .
Hinin·i.1 11 11*)11 R .
(ai,11,0,1) H,·h'n K. '1'ti,jo,11·r
Fel,rmity 19 481 1960
In view of Miss Taggart's retirement from the school system, it was movedby Mrs. Light :ind seconded by Mr. Petrie that Miss Taggart's resignationbe accepted. This motion was approved and in acknowledgment thereofMis. Light presented the following resolution with the recommendation thatit be adopted.
Resolution on Retirement
HELEN E. TAGGART
Helen E. Taggart has served as a calm and unimpassioned judgmentmeniber of the Board of Trustees of have contributed largely to the sue-the Public School Teachers' Pension cessful conduct of Iwnsion afrairs.and Retirement Fund of Chicago from She has won the confidence, admira-February 3, 1953 to February 20, tion and respect of the members of1!)(50. During this period of her trus- this Board who had the privilege ofteeship, she served as Chairman of working with her and of the teachersthe Committee on Pension Law and she has served so effectively.Rules, Chairman of the Committee onFinance and as Recording Secretary. Helon Taggart came to this Boarcl
with a distinguished background ofHer years of service have been dedi- outstanding service and accomplish-cated to the cause of improving· bene- ment. Her achievements in profes-fit provisions for Chicago teachers and sional 01·;ranizations and in nuittersof strengthening the Fund organically of teacher welfare have been exten-and financially. To this end she has sive iii scope. A rare objectivity todevoted herself faithfully and without the solution of problenis coupled withrestraint and has brought to these her ability and efliciency have resultedimportant undertakings an impressive in many well-earned honors duringbackground of experience in the field the course of her career.of school finance and a full measure It is with much regret that the trus-of ability ancl capacity for leadership. toes accept Miss Taggart's resigna-She has been a wise counselor whose tion in anticipation of her retirementfaithful devotion to duty and whose from the school system. THEREFORE,
BE IT RESOI.vED th:it the trustees hereby record theil· sineere al)1)re(·i-ation of the valued service Helen Taggart has rendered this Boardand the Chicago Teachers' Pension Fund, and extend their hope thatshe niny find gratification in the recollection of a duty well and faith-fully performed and in the realization that she was held in high re-spect and affection hy her colleagues.
BE IT FURTHER RESOLVED that this resolution be entered in the oflicialproceedings of this Board and that a copy be transmitted to MissTaggart with the hest wishes of the trustees.
On motion by Mrs. Light, secon(led by Mr. Petrie, this resolution was adol)tedunanimously.
-
February 19 482 15(,f)
Committee Appointed To Recommend Candidate For TrusteeThe President of the Board of Trustees, Air. George O. Meiordierks, appointeda committee to consi(lei· and recommend a successor to fill the vacancy on theBoard resulting froni the retirement of Miss Taggart. Those appointed wereMis. Laura Light, Mr. Arthur Petrie and Miss Mai·garet Mi·Ver. Mi·:, Lightwas asked to set·ve as chairman of this special committee.
ADJOURNMENT
On motion by Miss Mcrey, the meeting adjourned to meet at the call of theSecretary.
Recording Secretary.
.\priI 19 483 1960
REPORT OF THE PROC'EEDINGS
OF THE
Board of 7 rustees
OF THE
Public School Teachers' Pension and1 Retirement Fund of Chicago
i Regular Meeting-Official Report1 Tuesday, April 19, 1960
A regular meeting of the Board of Trustees of the Public School Teachers'pension and Retirement Fund of Chicago was held Tuesday, April 19, 1960.
The President, Mr. 1\Ieierdierks, called the meeting to order at 2:00 P,M,
/ ROLL CALLi
Members present: 1\Ir. Meierdierks, Mrs. Green, 1\Irs. Light, lliss Mevey,Mi·. Murray, AIr. Petrie, Dr. Lally-7.
' Members absent: Mr. Caples-1.b.niscitte of Mr. Caples 16(19 dice to the necessity 01 being out of Chicago on busines).)
The actuary for the Fund, Mr. A. A. Weinberg, also was present.
APPROVAL OF MINUTESOn motion by Mr. Petrie, seconded by Miss MeVey, the minutes of the regularmeeting of February 19, 1960 were approved as printed.
,
./
April 19 484 1960
REPORT OF SPECIAL COMMITTEE
Appointment of Trustee to Fill Vacancy in theBoard of Trustees
On niotion by Mr. Murray, seconded by Mr. Petrie, the trustees voted unani-mously to suspend the order of business in order to consider the report ofthe special committee which was appointed to recommencl a successor to filltthe vacancy in the board of trustees.
Thereupon the special committee reported that it was pleased to submit thename of Dorothy M. Smith, a teacher at Wicker Park Elementary School,who has, in the opinion of the committee, the qualifications to serve effectivelyas a trustee. Accordingly, the committee recommended her appointment astrustee to fill a vacancy in the board until the next election of trustees onOctober 28, 11)(;0. This is in accordance with the provisions of Section 34-9.1of the pension law authorizing such appointment.
On motion by Mrs. Light, seconded by JIi·. Murray, the recommenclation ofthe committee was approved hy the following roll-call vote and Dorothy M.Smith was duly declared elected as trustee.
Ayes-liz. Meierdierks, Mrs. Green. Mrs. Light, Miss MeVey, Mr. Murray,Mr. Petrie, Dr. Lally-7. Nays-None.
REPORT OF COMMITTEE ON FINANCE
Reimbursement of Contingent Account
The Committee on Finance reported that receipted bills, cancelled checks, bankstatements, and other supporting documents covering expenditures for theperiod from February 10, 1960 through April 5, 1960, inclusive, and totaling$869.05 were audited.
The committee found that expenditures had been made properly and recom-
mended that this account be reimbursed in the aforesaid amount.
Bills
The following bills were presented with the recommendation that they beapproved and paid.
.1 (1114 34(ntioner,4, Ine.:3/21/60 Omce slipplies $ 164.35
1.. ir. Ilorhm Comtinny:3/ 1/60 Maintenance on mime.graph (4/1/GO to 4/1/61) ....$ GO.003/18/60 Mimeograph supplies 26.16 86.16
litirri i igh,i Corporation:1/25/GO Maintenance for microfilm vic·wer (12/30/59 to 12/30/60)... 19.00
Copel,Me Corporation:
2/23/GO Supplies for photocopying machine.... 35.45
·11'ril 19 485 1960
Bills ( t ·(, ntinit ,! 1
]·,!retric '1'ylie.irHer ><er, ice :111,1 0:ile. C'(1.. Ine.::;nx/60 2 Cramer stands..~ $ ST.60
]I:11·4•, 4 f.ill,tic:,1 44·r,·ic·,·, Ine.:2/17/60 -·\Ctil:11·inl :,11(1 in:111·:111,·,· Mt:ilistic..................5 1.!.11
Pt /1:ic)/1 1):,it„11 ihant:,·: fi,/· 1·';ht·11:try .//1,1 71:u·,·hto 1FGO 161.00
Trachri·F' ,·4,1iti·ilruti„11 en·dits by En:11·,1 4,12/17/60 IC[ill<·:ltic,11 ................... 1,260.85 1,6,1,;.76
Inleritzatinit:,1 1111.ille:,4 1:whine: Oirt).:2/ 3/60 Pre-punched card checks............... 380.593/17/GO T>-pewl-iter ril)1},!ls ................... 21.00 360.59
Kirkinnd, 1·'lli+, II„,1,4,11, Clrnnetr. .< 11:1,4(CrM:3/ 1/60 Legal mqrviees from 12/1/59 b, 3/1/60........... 1,250.00
G. A. Mn.·on .2 C .A
3/2.':/GO Tvotkinerl'K (·01111„,11>4:itic,rl it):ir:,Ile,, policy NO.4073997, 1/27/1,0 to 1/27/61.............. .... 26.29
Sched,11,· liability tic,Ii,·1· No. 761>!'112. 3/21/60 to3/21/63 ....................... .. ·16.20 ·18
McCormick :in,1 1[enderic,11, Inc.:2/ 2/60 Printed forms :111(1 supplies...... ·16:1.203/ 2/GO Reports of J:inuary proceodings;. - :;D:t.lv S56.39
Phy#IicinnM:3/19/GO G. K. Fenn, M.D., Examination of T:ratrice Kn:zizer, 25.003/29/60 A. S. Gri·nci , M. 11., ]Cx:irl,ination of 13,·:itrie,· Knniz,·r 20.0 112/11/60 J. .T. Mussil. M.D., ]Cxamination of
William M. 1-knneSs>~...,..... 7.50 52.50
ritney-]low«·M, Ille.:3/ 1/60 Postage mott-·r rental 0/1/60 to 5/30/60. 36.00
Re!:Iltigh,n lt:ind:/ 7/60 Tonehers' ledger cal·cl:. 180.90
1:nited Atitte. Fidelity nitil (,unrititly (1(Impnny:3/17/60 DePositors fol·get·r hond 90.11
$4,906.63
On motion by Miss Mc'Vey, seconded by I\Irs. Light, the foregoing reportsand recommendations of the committee wei·e approved. Reimbursement oftthe contingent account and payment of bills, listed above, were authorized bythe following roll-call vote:
Ayes-Mr. Meierdierks, Mrs. Green, Mi·s. Light, Miss MeVer. 111·. Mui·ray,Mr. Petrie, Miss Smith, Dr. Lally-8. Nays-None.
Refunds and Death BenefitsThe Committee on Finance reported that documents pertaining to claims forrefunds and death bellefits listed herewith wore examined and verified. Evi-dence from Board of Education records shows that applications for refundson account of separation from service were macie by persons no longer em-ploved as members of the teaching force. Application for refund of con-tributions for sul'vivor's pension was made hy a male teacher who was notentitled to such benefit at the tilne of retirenient. Claims for refunds ofcontributions and benefits payable on death of teachers were determined after
April 19 4S 6 1960
Refunds and Death Benefits ( continurd )
certifying dates of death and establishing proper evidence for each beneficiary,administrator or executor. The committee recommended that the refunds :111(1death benefits listed herewith be granted in the amounts specified.
The committee reported further that other refunds to contributors, listedherein, were paid at the time reports on audits of such contributors' accoulltswere submitted. Such refunds were required because deductions from salarywere not macie at the proper yearly levels as provicled in the contributionschedule. The committee recommended that tlic payment of these refundsLe confirmed and approved.
I{€.fundx :1/e IteKigtintion of Regularly Employed MemherM:
Aldrich, (4·14:t, Mmie........$ 20110 Mr·Cnbe, John 1, $ 622.76Bailev. Charlene J. ..... 270.75 MeErle.in, Isal}elle ........... 51;6.·15Bernstein, Dorothy .... 629.00 Me(;Ilive, Marilyn Heffernon . . 889.50Blooni. Esther G........ 1,008.70 11,·Mullim, IVillialll R. ....... 1 '27.5613(,hlni:inn, Irene .......... 1,356.91 Mich:11:en, 1:<,hert M. ........ 2,6·13.6,;
Br,·ault, Muriel 2,26,1.76 Munirer:n/1, 54:11,/·a L. ........ 65.25Er<,derick. Anne E. ..... 1,628.42 X:lilian, II,il-i·iet ........... 523.50Cole, Ilene R............ 570.00 N,·stander, Alva Linnea ...... 2.·1·12.50Cr:,1,1), Mar;r:iret Mary ... 321.76 , )'In,nnell, Helen ............ 4,82 ·trDichterman. ST-delle S. . . los.00 Pollock, Colette O. .......... 1,617.SO
Drell, Muriel E. ......... 2,132.Of Ross, Thelma .............. 11·1.00Dunn, ,T,·an B. ........... 1,361.w Sehor. .judith G ....... ri)J -Eiken, Sandra M......... 240.80 Hi,·wers, Marjorie P. ......... T~o 2 2i00I·'··itli· r, Lila K. 064.15 Hirnmon:, Carroll H ......... 2,58 3.66F,·nsterman, r,r,rothy D. 820.00 Simon, Charlotte Jean ........ 1,439.·to
Filter,Miriam H. ....... 591.92 Sibitth,·rhy, Ch:irmion C. ..... 60.00Fi:lib,·in, 13.11·1):ira ....... 379.50 Hynowier, Dolores J ...... 325.9 5I·'„1·u·alter. Lois A 318.90 Thomas, Marie G. ........... 2,146.51c;,·1·1 :te}i, ~I:,tirecin K. ..... 65·1.00 Turner, Joanne .1. . .......... 535.70(11,·ason. Jos,·ph P....... 157.56 Tyler, boise L. ............. 2,801.60
Gordon, I;luma E. ..... 2,172.65 T:ilentino, Virginia .......... 301.65Gr-in·n, T,il)(·rty C. ..... 237.80 Wal,clot·f, Kathleen .......... 951.92Hallor:111, Alice Leen . . 860.99 Walsh, .Toan G. ......... 928.22Harrison, Velma K. ..·. 985.68 HeisH, Diane II. ............. 713.10Hondrix, Betty B. ..... 977.75 Trilk,·i·son, Lois J .......... 945.2.1
Hi·yman, Judv ..... 130.51 Tr-(,lf, Arlpiie ............... 456.90Jani:owski, Betty ... 62.65 Zidi k, Barbara ............ 1.048.59Keenan. Joanne .T. 1,680.94 Ziegler, Harriet C 376,50Knhilis. Aldona L. .- 779.90 -Lic·bross, T,illian G. 536.03 $53,615.17
RefundN n/c Set,nrntion from Senke of Subdituteor Temporarily Employed TencherM:
Alexancler·, lratide A..........$ 13.05 Cutsinger, Carl $ 219.37.\11,·n, Helen MeDonald ....... 192.75 Ctizella, Samuel A. ..... . 1,002.42Ander.Mon. Alve,> J ......... 786.90 1-7.Ilinpy, Ititfus, Jr. ..... . 101.21All(li·, Hon. Ch:irles R 300.42 I):,111,litist, .1,·Unine M. 67.50.\11(ler,(in, John W ............ 45.00 1-),ivis, Alsentor ......... 127.50
]3:ili·:,re,·1, Minry Ann ... 96.00 I)tivist, .Tessie ....... 398.64r:,irrett, Ireno M. 344.55 1)onolirze, Michael .T. 251.49Hart r·lgtrin, Sandra ... 458.40 Flrming, Williani J. 228.77Bennett, Gerald A... 503.48 (lnjda, Gerald Lee .... 17.82Bi,rinett, Mary Lee... 854.40 Gilligan, Margaret J. 245.10
r,liss, Vivian F. ..... 360.60 (1*,lden. Brtler, ......... 30.00Bodinr, Bethel ..... 30.00 Goldman, Elaine .......... 127.50Bradley, Alleen M. . 307.SO Grant, James I. .......... 402.41Brown, Tommye J, 723.00 Harclinsr, Trilliam T .......... 295.34Broxton, Robert L. . 1,049.32 Hendron, Mary Therese . 450.75
Brunswirk, Katharine 434.00 .Tnmes, Leon C. ..... 466.28Carter, Gene........... 219.37 Knatz, Stizanne. K...... 2,17.51Cohon, Muriel A. ..,,..,. 114.75 Kaplan. Judith Ann 175.51Col,·man, Cpola A 723.91 ]<arn.ir,k. 7.„gon, 1-1. 548.72Cornelius, Sherma ..... 939.40 Keeley, 1171·tin J. ... 131,25
Aflly 457 1960
Refunds and Death Benefits 4,·'j,:tii:ue·,1 2
Refunil,4 11/e St·linriation fron, Nervice „f %111,+tinite0/· '1'(mpwarily· 1·Cnitito,t·~t '1'r:,t·]wr~: t,·„int
K,·lin Huganne ....... .5 :p.' 1.C, 1:„he. 1:v,·1> u T. ........ .3 ,;,1,,i,0En,·,·ht, XM·ma J. . . . t; 11).1;1) k,JAM:„M. .\11:i Ii 1-. ..... . 114.:51.t·,·t,·,·k, 1/:ni- 1,2:n· . 4 1; 5.01) . 7.,S.·101.'·114·. Joseph IC. . 112.5 1, Sh:,11,131„7·;rer. 1:„1„·1-1 1 . 6.1.1.,2I.,·vy, M:irilyn ..... . 11.25 Sh„t<,1:9, Joan 71. ....... . ·12.04)
176.1,< Sidi·K. Willi.un C. ..... ·115.3:;Lui·:t/·elli, Rose Marie .. 12./1 HI'l·:1:1. .14·1·1~11~'· G. ..... 74).Tilil:inxner. 1:<,1,irm li. ..... 11.1.4,11 T,·11,·f,:en, .\Udt,·>- 13, . 671.1,97:innino. Kenneth A. 21.4+ 70-r,·sen. 1-0/8,· .... im:;..111Al:11'1.:. Col·.113-11 Sarnoff 216.00 7,m,h,·!1. 1,1.in,· .1,·:in 1 '111.,) 3
1,1,·1<,·,·. 1.„r/·:tine M. 1.1 4.00 i:ill VOinner, .Ti.11 ..... :),.'..'.'M•·i:,·wh:Ic·h. Je.Nine . 60.00 r.5·1. Frunk A. .... 150.01ilill, 1,1:uth M... 171.'10 14,1/",·1. Fried:t C. ..... 3/;7.65Moor,·, Iantha J. ... S.1.00 11-:2-:11,·1·, lh·tty J:ine 2.1.00Morris, (fallie......... 772.91 lf-:ill,·i·. 1:„1):t·t Ilill 334.61
1 6.:61 7-:11:11. ri,·tori.1 .1. ... 411.91(i'(.onnor. George R. 16.SS ii-'·St./m://1. ./Ulillie S. *·1_.-/
1'.·t'·ls,·11, 1:ohert IL 200.62 Writrht, 11,·len 0...... 265.50Pet,·1·>.on, 1;etti· C. ... 220.65 Z,·111:in. ./.:in M. ..... 288.50Pet,·19,11, Delrnal· IC. 334.1 7P,·tnilio, Mary Lou. 133.50 32·1,/75. 51/
Ilefurn¢l of Contriblitic)11,4 f(ir 4 ttri h·or'+ 14· s,Mionto l'erM,in Not ICiltitled to >41(ch lienelit:
Hawkins, 1·.lmer E. .5 616.31 3 616.31
lic.fuladw of Contril,Ilti„n>€ for Meri·ice rn I·.x,·4•>. 4,1 .1; learrin the AnH,lint .11,1,licill,h· 91, :112 ul'*.et t„ the Deficieney forSer, ice liricir to Jtily 11)'it:
476.53
Frye, Alma ....... 128,60IIeer, 1-Iplun JI. ... 962.76 1,930.20
Refundx Of Xel'11!11111:,ted C,)11(rilitition# on Denth:
Faison , Luther n . (. Jencile L. 1·'(tiwn. heir ) ..... 6 , 1 . 1 . 82Mor : in , Margaret M . ( Ed irtird •T . Mor (in . 1) encticillru ).. 4 , 094 ..11Vedol , Mabel N . ( I )orollil ; E . Revnnlils (ind }·Netnun· redel
Bagamen/, lifirs ) - I . I . I 1 , 061 . 91Weaver , Chri : tine H . C Cifilt (le Lamar 11 -(·<fi ·,· i · find ('Laude
Lamar Wcarn·, .11 ·„ brne/ irinries ) .....# 911 . 70Welzion , (-irace R . ( Clini · l ,<.4 1.'. il ' i '/ zic ·, 1 , bencA , ifii , 1 ).... 4 . 210 . 69-Wolfe, Eileen M. (1,-(rthinne .lf. 11-0/,fi', hi'it,·lic,(11·1/).... 5,073.65 15.996.Sl
King!(· 1'11.181€•ilt 11(•nefibi on De:&1]1 (,f Teacher.:
Dee ;ran , John I :. ( Kntlitern Derl;( In , 12 (, Armar !, 1 )('(' flanand '1 'li ,)mcix F. 1 ) 4 · r,mn , ben < liciciriex ) ...,............ 5 ,(, no . of)
I ,'Risen , Luther R . (Jcnene L. 1 ·Niison . hur ) ........... 1 0(111.110Mor:111, M,il·,ral·et M. (1:'du·n ,·d ./. .1,for,in , 13¢' ;2('/ic:ic,1-,11) .. 4 60(1.1 )Vrdel , ill : 11 ) el X . ( Doroth :# 1.'. itc !/ lifillix * 1114 1 ·,' lf (ti ,( 1 )· l'cile'lBagamci ·!f . 11 (. irs ) ... .... ... ...
I 2 , 500 . 00Weaver, Christine Il . C Claude i,(Imti 1- 11 -,·, ter ;· n ,/ d ('/ a ti // c
La ina )· Wea t .·(' i ·, Ji·., brneticiuric<)................... 1 , 550 . 00Welzien , Grace R . (('hfirlrg E . H ' clzic ' 11 , 1 , in ( lic · i (11 ·! f ) .... 4 , 500 . 00-Wolfe , Kilerii M. (*fit /ic ,· ine . 1 /. 11 - 0 /,fe . b #'11 *'fic' itt }-1/) ··•· 4 , SOO . 00 23 , 650 . 00
Mingle I'nyment Britelit,4 0,1 Di.Iith «,r '1'c·:wher-I'enMI(,nerM:Gleason , 11 · ene IC . ( Ercl un {, 1 *'41 >uni . i ·. 1 ·*· i · 1 , f ,· i . 1 ) . . ... ~ 500 . OnSchliltz , Mari ,· D . (/ 20 ,·(· /). /' i · i ·, 1 ,/ i ·,-uct .</. 1, 1 ' 11 (·/i '· i'/ 1 -!,)... . 500 .( to 1 , 000 . 00
April 19 48S 1960
Refunds and Death Benefits : ,· 1 ,)~t i ,~lt ( 11 )
Reftin(14 n,/c• Exer.,4 C (intrilicitic)11% Ded,Irtediii· the [tonrd of i·'dtic:,ti€)11:
Arm<,u:·. Phillis I·'. ... .$ 112.5(1 1,i,·brox:, I,illi:in (; 5 4.50\ ,·.int, 1,(.1·(,thea ..... I.ul>ch. th,i·is L ...... 1::.50
19.61 71,·din:i. 11:11·tholoniew .1. ..., .....l S.00 MJMJ, Hern:ir,1 ..... 1,12
I:elinme, Elpanore J. :,0.01) 1/0. CioM·,1·(·us. ruth Weiner0,.., I 21.5011:itz. l'it:, 1'. .........
Berirtici, M,·1·lin J. ..... 1!1·;.MO 114·('1··/icl„n. .ic,s,·i,hitie . . '17.0/)Bernstein, Siciner ...... 1:)·1.X,; M,·Guir,·, I·kang·A C... 327.00HAN#ston,·. .Man ..... 10.60 11,„,cly, 1:obert I'. ........ 78.71;Ewsing. Thomas G. 6,;.S·1
'.1 Nt 11. 1: ut h M. . . . . . . . . 44.25Bowen. .John J. ....... 191.86 51„:i,·k, 11:n·ion K. ...... 61.51}13r:~<11,-·.\·. IC. Ilrissell ... 26.12 N:irmniello, T.tic·ille T. .. !10.(lf)I.~rill,·. Ikrnal-d ........ 300·M) X,·In,n, Marjort,· IC. .. 1% 4.50I.:r„<knlan, V,·rnon W. 2%1.[:g X.·wman. Vii·Killia I:.... .. - A
r.111·ian, .luclroy ·,2.,I .....,<,
c )-liri,·11, M.irjorie P. .... 3.00CH:-,·ny, Jov·ph F. ..... 6-56 c)I)(,111·11. .Ii,11!~ I'. ... 7.3/)('haus(,11, 1-irm,·Ii ......,::fl:;2' c )1>:c•ti, 1',01,4·1·t }C. ..... 19·1,XiiEl,·ments, Ernest V. .. otto. Marilyn H. .....
j t..,t, Pac·Inwki, (71,·Hter .... 131.21c.(,(,1.,n·, Miltrm 352.10
(.r,·>:w,·!1. Thomas J 11,1.KS 1':ilines:ir, Erm·st 11 .. 112.58
crini. r:·.vencinlyn M. . . 47.2; Parker, Car„1 1:. ........ 1.75
('unningh:im, ('Inra M. 24.75 1'011·k,·t·. .lu,li.1 1. W.... 172.50
bani,·15. 1.:tura Marie.. 96.00 Paskind, Florence II. 2 !).·to15,6.·11 1':ilin, II,·1,1·y A. ······ 1 5 4.46
I)::vid!4on, Earl .......I Hmelson, Dot·c,thy F. .. 1 20.50 1":title, .T:ic(111,·line D. .- 38.25i),inl:ip, 11114·ille >4. . . 1 f) 5.(' c) 1'1,·tz, Jol~ti 0. ........ 157.ZoErickson, Clifford G. .. 156.42 Ponzio, Oriond<, 1 .... 157.36
420.00Farr, Thorn;iS S. ....... ..., „..95 1 'c,pe. Mildred 12. .....:7.00 I'wre,-·11, 1-5:11·lmr:i Ann.. 80.00
Fers:11:On, 1•.:it·l W. ... 250.54 1 '.il,in, Ann Winifred :0.0,)(;alli. Flatii, A., .Tr.... 1 57.36 Hiley, M:irie ......... 119.25Gl:n·anovitz, Arl,6ne ... ;0.00 11„dger, Donald ....... 449.1/2i;r,1,11,c·rg, I:obort J. ... 5:2.32 ]:udger,.jamps H. ...
27.Do3.18.7.1
c;„r,din,in, Joseph M. . 23.33 1.nhig. Nan I
Gray. Jam"S It. ... 79.26 S:inder:;, Carol F. . . 21.cioGrecle, .Tohn F. ...... 1.9·1.86 Savoy, Mich:,el ..... 157.3,;(Green, I jornthy JT. 112.50 Scotc·He. .John I... ... 23.01f:wi·lir,. Wilii:iin L. 65.70 S,·otillo, Anthony J. 7.71Ha:,3, (';triton D 22.·10 Sharkey, Mary G. .. 166.00
H:,imowitz, Morris . 243.72 Hieclhand. .Tord:in 202.·14Hat·ber, William I. 224.92 Sims, Thomass G. . 16.86Hartmann, Frank J. 366.24 Skipper, James K. 82.32H:ir-ex, f;,01-Ke M. .. 157.36 Slut.ky, Irving 13. li) i.•St)
Hell,·r, L)avid H... 67.36 Smith, Shila B. ... 87.75
Hortel, Ararie T. .... '1.50 Solon, ]C,·el>·n JI, .,, 15.00Ho,·trh, Chr>·santhe 46.09 :<trinbrecker, George 232.36Holmes, Mary M. ..... 1 K3.00 Tansey,.liteen ....... 45.00
Holton, Clara K. .... 104,Ki; Tish, Morris ...........27.00 '1';1% 101·, Marjorie D. .. 130.50Horn, Henry ........ 232.36
H tiliter, Arthur ....... ~ ~]6~~;; 'r,;.~f}.~f~i,~·~1~;~t~~;~'~1 J'K
26.12Ityllind, Anni· Mill·ie.. 7 1.1,2Hylancl, Agatha M. . . 110.00 Voit, Fritz ....... 157.96.Tatn,·s. 1Iow:ird A. ;i.1.002"2.'16 V,·81·cky. Italt,11 .T.. Jr... 05.15.I:ir,·czek, I,etinard V. -,i I. U. Vogel, putricia H. ....Trihnst<,n. itobc.rt A. .... 'u
Kal, hbri·n!1(·r. IIelen L.. · · 120.00 Von Albade. Muriel K. . 1.50
1<:ilk, I-I,·rbort e. 1!04.86 Walchirk, Oscar ........ 1" /..£"
Iiaminski, Stanley , ... 93.64 Walgren, Bertil ....... 157.36
Kill· (Jy, JamPS F 18,78 Wl·inhet·ir, Meyer ....... 82.32Wri:, Willi:on T. ....... 82.32
Elopp, Howard C. 232.36 2<.50.....
Ki,z:Inec ki, I,ncille B. 1.50 Will;ins:, Norm,1 Galvin
I.ackey, Junt• Butler ., 60.00 Williams, Doris IC ...... 73.502.75 Villrier. Yvonne . 21.00
I.ebc·ros, Vicki KLeschin, Mar;rai·et K. GO.00 Zin[ZOS. Glit ........ 1 R. C; S
Zigerell, Jamrs ........ 157..'if;Lemperis. Ath,·na M. 21.00 $11,7 17.,98
r
~ April 19 459 1960
Refunds and Death Benefits „,„,ti„,n.„,
On motion by Miss MeT-ey. seconded by Mrs. Light. and by the followingroll-call vote, the foregoing reports and reconiniendations of the committeewere approved. Expenditures for the parment of reizinds and death benefitslotalling $136,431.97 were authorized and confinned.
Ayes-Mr. Meierclierk:, Mrs. Green, Mrs. Light. Miss MeVey, Mr. Mur:·ay.Mi·. Petrie, Miss Smith. Dr. Laily-8. Nays-None.
Duplicate WarrantsThe Committee on Finance reported that the persons named below i.equest/Gcluplicate warrants in lieu of the following described checks which wore re-ceived and lost. Aflidavits certifying these losses and iii each case indemnify-ing the Fund against any liability, damage or expense which may result byreason of issuing such duplicate warrants were duly filed. Therefore. thecommittee recommended that warrants be issued to the persons named belowin the amounts indicated.
Nnine .imwmt Number 1,nte 1'[irmme
Mutin, Gertrude ....... $299.05 926:3 2/29/60 Pension payment><Muliles, A VZononah...., 70.00 9:N,ST 2/29/60 PenSion ])a>·ment
On motion by Miss JIcVer, seconcled by Mrs. Light, the recommendation ofthe committee was apl)1'oved and the warrants wore ol·derecl cli·awn by thefollowing roll-call vote:
Ayes--Mr. Meierclierks, ~\Irs. Green, I\Irs. Light, I\Iiss AIc'Vey, Mi·. I\Iurray,AIr. Petrie, Miss Smith, Dr. Lally-8. NayK-None,
Purchase of Bonds ConfirmedIii accordance with the advice of Standard and Poor's Corporation, investmentcounsel, and in a mail vote prior to the clair of this meeting, the Committeeon Finance rel,orted that the purchase of the following securities was ap-proved on the yield basis noled plus accrued interest. The committee recom-inended tliat these purchases be confirmed and also that the securities beregistered in the name of the Fund.
Amount Di·Nerilition «if lion,14 Date Ditte of ToC l'nr Value) Nnme or Firm Anwd MittilritY Yield
I)„minion 0/ Can,ula$300,000 Province of Nora Scotia, Canada, 4/ 1/GO 4/ 1/SO 5.13 wo5%1% Sinking Fund Debentures
H:118.ey, Stuart & Co. Inc.;Loo Higginson Corp.
April 19 490 1960
Purchase of Bonds Confirmed ('., tili "*·,1 )
Amount Deveri[)(idin of ]14)11~1% 1}Ii//. D:,te nf iN,(I':ir 1-,111]e) 3:tme of Firm 1.Miled Mlittirit> Yield
Public UtilitiesS:;60,600 G,·n,·ral 'i,·1,·ph(,11,· ('„. c,f Florida, 3/ 1/66 2/ 1/90 5.61';
5'; I·'ir>:l 1/„i·tg:/:r,· 1:„11,1:I';zine, Ir,·1)114 .T:i,·1;>(,11 & Curtis
4 for Ind,·I·writ,·IN)2(10,000 Xing:,1-:L Mohawk I 'c,wer C„rporation 4/ 1/GO 4/ 1/90 4.709
·FN',2 G ,·tieral licirtgage I'c,nclsFinst Bc,Mt(in C,)1'1)., for:
I•'ir.;t Boston C'„rt).; .lilli,·n Collins & Co.;Lphin:in Mo:.: 15·jn„!,18 & 00..Sh,·:ii·si,n, II:ililillill & 0).
250,000 pr,tomae 1:,11:011 ('0. 1'·4'; Fil·:t 5/ 1/57 5/ 1/87 4.90'.;11„1·tgaL.re and Collater.il '1'1'11:t 1:011<ls
Sillo,non Pros. & Ifiitzler
1,1(ltixtri(11 C,irporations';00,000 Trilan,1 Ste,·1 00111 1,:iii >' ·1!r; 1·'irst 2/ 1/59 2/ 1/89 4.62 (,6
Mortgnge BondsSalornon 1-'r·(,s. & 1-11:tzi,·1
260,000 St.irifi.Iici Oil Crimpany of New Jer>40· 5/13/·16 5/15/71 4.6942 :'; 0,1,entures
Salom'11 1;r":4. & I-tutzl,·r
On motion by Miss MeVoy, seconded by Mrs. Light, the above transactionswere approved and confirmed by the following roll-call vote:
Ayes-Mr. Meierdierks, Mrs. Green, 1\Irs. Light, Miss 1\I(Vey, Mr. Murray,Mr. Petrie, Miss Smith, Dr. Lally-8. Nays-None.
The Eleanor M. Fetter BequestThe Committee on Finalice reported that under the Last Will and Testamentof Eleanor M. Fotter, sister of fornier Chicago school teacher Hannali Feltonthe Fund is the recipient of a bequest of $1,000.00. The executor of MissFetter's estate advised that this bequest is a token of respect for her sister's
interest in the Chicago Teachers' Pension Fund.
Miss; Fetter'K sister, Hannah, in whose memory this bequest is made, retiredon February 10,1928 after 36 years of service and died on September 22,1943. Prior to her retirement, she was emploved as a teacher in the Col)er-nicus, West Pullman, Scanlan and Warren Schools. Iier sister's bequest shallbe regarcled as a memorial to her and as an expression of a sincere interestin the welfare and security of Chicago teachers.
On behalf of the trustees, the committee recommended that the President be
authorized to accept this hogue.,st, that appreciation he expressed to the heirs,and that the following resolution be adopted:
WiliCI:I·1·\H. ICI,·:in(,r M. Fetter. A E-,·sident of Chic:,pro. Illinnis, departed this lif~ onFel,1·21:1·>· 2:L 1 !,5!1, le:n·ing a 1:ist wnl :ind tr·st:111ic·!11 whic·h hris been duly admilt»,1tr, 1}1 „liati· in (-'nok c '4,11 1,ty, Illini,i:, and which cont:lins provisions for a bequi·str,f (,m· thr,Ils;ind cir,ll:irs (51,000,00) to the I'liblic School T,·ac·hers' Pension :indItc·tir·,·ment Fund of C.'hie:Ego;NOW. TIIERI·'.F(,R!·:, I;IC IT Rl·:HOT,VEr) th:it the said brciziest he and the Knine isher,·hy accepted by the Haid Pul,lic 54rlior,1 '1'i·:i~·hers' 1 1,·lision and Retirem€int Fundof Chicago for the 13,:ps mind !)1irpin<es thr·rein 8,·t forth; :ind
1:16 TT FIrlt'1'liICI'. ]U·:SOIA'l':1) that G,·rn'go 0. Meierclic·lks; ric; President of theI;(1:ird of Trust(·,·.. of the public, Rch,„11 Teric.het·v' P,·tision aild lt,·tirement Fund ofChic':1Lro lie an(1 h(· iH h,·1·(·1).r· auth(11·ized to accri,t priyment „n In·half of said Fulid
rif s:·ti,l b(·cli:(·st, and t.0 i·rpc,ute and drdir·er to 'I'ho Fir.t N:itional Bnnk of Chicago:i: Ex,·ent.r of thr· 1:ist will and l,·st:iment of the :;Ii,1 1·'1.·anor M. Fetter, de-c·,·,ts,·cl. the re,·eipt (,f the suid Fund in satisfaction thereof.
491 1960.\pril 19
On motion hy Miss Me'Ver, seconded hy Mrs. Light, the recommendations ofthe committee were al)proved and the resolution was adopted by the followingroll-call vote: Ayes-Mr. Meierdierks, Mrs. Green, Mrs. Light, Miss Me'Vey,Mr. Murray, Mr. Petrie. Miss Smith, Dr. Lally-8. rays-None.
REPORT OF COMMITTEE ON ANNUITIESAND CREDENTIALS
PensionsThe Committee on Annuities and Creclentials reported that apl,lications forpensions wore presented for persons, hereinafter listed, with the recommencia-tion that the pensions be approved and granted in the amounts and under theconclitions set forth herewith. In the case of each applic:int for service re-tirement pension, the employment of the teacher hail terminated, the legally1,rescrilied minimum ycal's of teaching serriee wel·e completed, :ilid require-mrnts with respect to age (if applicable) were fulfilled. The al,1,lic:int forreduced retirement pension macie due ancl proper election to receive suchpension in order to pay a reversionary pension to a survivor after death asa teacher-pensioner. Each applicant for survivor's benefit furnished properevidence of her right to receive such benefit.
The committee reported further that the total service shown on the followingrel,ort for Marion K. Musick reflects a reduction in her validated outsidetime credits from 10 years to 8 years S months...ati amount equal to two-fifths of the total tiine considered in tlie computation of her pension. Inaccordance with the requirement of the 1:nv in this behalf, the committeerecommended confirmation of this reduction in outside time credits andauthorization of a refund of $243.70, which represents principal and interestpaid previously for service credits cancelled.
Memberbi Selitint Service To A tinwin lior rrN. Date l'en,lic) nInme (, f Prinber Menther'M St:itu+ 11(,A. Ilay. Front RnteOptional Serrice Retirent,·,it Pensions
10229 Ashwortli, Eleanor ....Kilmer .33-5-10 12/23/59 $8,309.12102 0 7 Hausor, Bernice ......Esmond ,.,..,...,.·12-7-10 3/26/GO 4,684.4410269 Renson, Lila l\I. .......Substitzite .........25-3-10 2/ 1/60 1,542.601(12:,5 Breen, Claire J ....... Phil Sheridan .......10-1-10 1/30/GO 4.324.2010237 Clancy, Poarl L ......Mitchell ...........22-1-10 3/11/60 2,51·1.2,110271 Clifford, Josephine M...Moseley , 41-9-00 3/15/60 4.618.147-17:i Coesfeld, Stella M. .....·\ tiilizi,lsrit TIir.11 ...32 -:; -cio 1/:10/60 :;,12:1..:61023.8 91111,·11. Mary 13. ......1I.zilley ............'#6-1-00 1/30/GO 3,893.161015·1 Curran, Mal·garet F...,Yates .27-6-00 9/ 1/59 2.57·1.·181 02 1 (} 1).iris, Josephine F. ...:li·fi,ytronir ........21-3-10 2/ 1/60 1,681.32102·12 I)ray, 111]ary JV. ....,.Alrott .............3,1-8-10 12/31/59 3,53·1.8 4102·13 Duffy, Mary Belle ... .Substitute .25-8-10 2/ 1/GO 1,614.00102.1,5 Gleim, Sophia C. ......Substittite ,........27-9-10 1/30/60 1.654.6810246 Gliatto, Florence D. ...On· ..............."7-5-10 2/29/60 2,788.686789 Guder,-ahn, Theresa L..lpirce .............31-5-00 1/30/60 3,218.0410272 Guinan, Lydia C. ......Sullivan Eleni. ....26-1-00 1/30/GO 2,386.20102·ix JIM·l,ison, Gladys K. ...()gclen ......,.,....13-9-00 2/27/GO 4,772.401024!1 1-farris, Dorothy B ..... Hubstituto ·········21-3-00 2/ 1/60 1.421.5210252 Jae obs, Belle K. ......Austin I.Iigli .,....38-7-10 1/30/60 4,211.1610253 Kelcher, I-Ielen A. ....Taft High .........32-6-00 1/30/60 3,517.3210273 Klnit, Goldie E. .......Brad,vell ..........40-0-10 1/ 5/GO 4,224.3610254 Koerner, Charles A. . ..Se'vard .....35-6-10 1/30/GO 3,797.401027 1 Manaster, Julia ....... Mathor I· Iin- h ...... 34 - 5 - 00 '4 / 1 /60 3 . 772 . 0810275 Miller. Em,Iia L. .......Tamieson ..........·11-6-10 2/27/60 1,384.1410276 Musick. Marion K......Gompers & Nausen.22-0-00 1/30/60 2,100.00
492 1960April 19
Pensions ( r <in tinued)
Mc·1111)er'H School Service '1'1, .t"Mintor YrM. 1):1(e 1....i./t
Nanic, of 11*inlier Men:!irr'M StlituM MM. Day.4 Fri) 1,2 lt:tte
Optional Serrice Retir{'nient Prit sion s (,·„,itinuot)
10277 Musick, William E. ...1,·11*er Iligh S-(1-,1,) 2/12/,;1) St,1...1,010256 Nasatir, Elsie M. .....>4·1111 Hi:rh .........30-11-10 2/13/60 3,312.4810258 O'Ke·efe, Marie C. .....1 iN >4:,ble High .....38-7-10 1/31/00 2,785.5610278 Parkhurst. 01-ville J. ..Austin l·Ii:rli .......29-4 -10 2/27/60 UM.64
10279 Prent:Lek, 1:Utli I,. ..... 1·'ield ..29-6-10 2/ 1/61) 2,:;:18.1)S10261 Quigley, Madeleine ...Ht->·11 Mawr ........1.1-5-10 2/ 1/60 95:).0.1
.2-4-00 1/:60/*;11 2.·t;;2.6.11,)24:; Schiller, Frank L.....('1-,·Kier Iligh ......-10230 Schleich, Jessie L. ..... iustin High .......36-1-10 3/21;/60 :;,S23.2010251 Stadtler, Gilbert L, ....\U>;tin High ....20-1-10 :;/ :1/60 2,556.76
10265 Utzig, 1\largaret D. ....V„11 >Steul,en Iligh ..3:'-A -10 12/26/21 3,074.10
10233 Vass, Beulah ......... 1,-,·st Pullnuin .....42-7-10 1/16/GO 4,58:;.SS
10285 Sheehan, Mae A, ...... Drelit:,no ......... .33-7-10 2/13/GO 2,736.SS
(071 (Irction of a rerersioncir!; Pcnition for it surrit'fir, in tlie (imtillizt Id $1.1.00.00 1,(r tietir,
.lfiRB .5hcchan'B ven8ion o./ 83,096.GO ver year v.as reduced t,; tlic rate ./„t,·n abor,·.)
Compulsory Serrice Retirement Prnsions
10227 Aiken, Kathryn E, ... .Hyford ......... 41-1-00 1/30/60 4,4:12.32•
10228 Allaben, Celine F. ....Schili·z 1Iigh ......25-1-00 2/13/60 2 I.* 4.720
10268 Beach , Isabelle F. .... Sti: inin ,· tz High ...·11 - 7 - 10 2 /21 / 60 ·L580 . 40 •10230 Rei·Ah, 1\linnie L. ..... ]:averisK·(,O(1 , .... ..50-2-00 1/30/GO 4,6!10.48•
10231 Bergmann, Alfred E.. .D,·lano .......... ·it-2-00 1/19/60 4,780.68•
10232 Blanc, Eugenie .......C'*1(·y Vor. .......17-6-19 1/30/60 4,890.·18-
14233 Bohman. Marie B.....Sullivan I-Ii:rh .....37-4-00 1/30/GO 3,567.36*
10234 Binddock. Bertha ... .Steinmetz High 15-5-10 1/30/GO 3.~06.96...-2-00 2/27/60 2.3·18.6.1
10270 Briggs, Manella ...... HOT·ncr6201 Bristow, Olivia .......I·'orestville ........36-5-10 1/30/60 3,9·11.64
10236 I3uss, Arthur W. ......Naller High .......3.1-0-00 1/30/GO 3,686.08
102:;'1 Dailey, Estelle H. ... .Sol„In(ng ........ 45-8-00 1/30/60 4,852.92
102·11 Dohrney, Helen J. ... .M:/1/n .............48-6-15 1/30/60 4,852.92*
10244 Frye, Alma ........···1':l> .17-5-00 1/30/60 4,852.92•
102·17 Hannon, Gertrude JI. ..Ht,·w:11·t ...........31-6-00 1/30/GO 3,372.24
10250 Ifawkins, Elmer .E. ...Imiri>ton High ....·10-3-10 2/27/60 4,467.12•
10251 Heer, Helen M. ....... Tai'1(ir ............ 47-5-10 1/30/60 4,852.1)2•
10255 McCartliy, Frances A... I :.6·1 Kon ........... 38-6-10 2/13/60 4,395.84•
10267 O'Connor, Teresa A. ...10·llv High .......4141-00 1/30/60 4,512.00
10259 Plrielin, Frieda L .... Kersihaw 46-6-03 2/ 2/60 4,836.·18•1/29/60 4,910. SS10260 Pritzlaff, August H. ...1)ii·. Physic·,il Ed....42-5-00
10262 Saylor, Vivian IC. ..····\uvtin High 31-5-00 1/30/GO 3,411.48
10282 Stephens, W. Mary ....Mi'(lical Examiner..30-3-00 1/ 1/60 3.273.00•
10264 Stilliv,in Mai·gai·et R.. . H:il·in- ............. 44-3-00 1/30/60 4.718.76
10266 Walker,'Blanche V......lustin High ...... 46-5-00 1/30/GO 4,890.48•
10284 Young, Isabelle C. ....Itell ...............41-1-00 3/26/GO 4,503.GO*
* 1. meritu M kili ber rel i,·rd (11 t er re-eml)1,111 }Itic),t u'l a tempo,·u,·11 bilmiR.Pensions to Surriturs of Teachers
ST--18 Cronin, Luci:1 11'idf,1/· of C. .1. fi·onin.......23-3-00 3/31/00 Sqv.0 1
ST-·17 Deegin, Ktithlt·en M. il'i,/,ni· „f .1. /2. /,cegan.3:2-1-00 1/80/60 2,006.·10
Summary of Pensions Granted
Optional set·vice r,·tirement pensions..........37
Compulsory service retiretnent pensions...,,..20
Survivors' pensions .......................... -
On motion by Mrs. Green, seconded by Mr. Murray, the recommendations of
the committee were approved and the service retirement and survivors' pen-
sions, listed above, were granted by the following roll-call vote:
Ayes-Mr. Meierdierks, Mrs Green, 1\Irs. Light, Miss MeVey, I\Ir. Murray,
Mr. Petrie, Miss Smith, Dr. Lally-8. Nays-None.
.\pri! 19 493 19601.
Denial of Disability PensionsThe Committee mi Annuities and Credentials reported that it has consideredthe recommenclations of physicians appointed hy this Board to examine WilliamM. Hetinessy, Bcatrice S. Knaizer and Leslie J. AIoynihan, applicants for dis-ability retirement pensions. In each instance, the doctors were not in agreementthat the applicant is suITering from a disability which wholly :ind presumablypernianently incal)acitatess him for teachi 11;r. The committee recommended,thcrefore, that these applications be denied.
On niotion by Mrs. Green, seconded by :\Ir. Murray, the applications byWilliam M. Hennessy, Beatrice S. Knaizer and Leslie J. Mornihan for dis-ability retirement pensions were denied by the following roll-call vote:Arcs-Mr. Meiel·clierks, Mrs. Green, Mrs. Light, Miss MeT-ey, Mr. Murray,Mr. Petric, Miss Smith, Dr. Lally-8. Nays-None.
Appointment of PhysiciansApplications for disability pensions were submitted with the recommendationthat physicians be appointed for the examination of the applicants.On motion by I\Irs. Green, seconded by Air. Murray, the appointment of thephysicians, listed below, was authorized.
To examine Georgene S. Eastland:Joseph Mallach, M.D., 251 E. Chicago Ave., ChicagoClaude N. Lambert, M.D., 104 S. Michigan Ave., ChicagoWilliam J. Schnutte, M.D., 720 N. Michigan Ave., Chicago
To examine Lillian I. Sattler:Rigby C. Roskelley, M.D., 9451 S. Hoyne Ave., ChicagoNicholas B. Pavletic, M.D.,9948 S. Western Ave., ChicagoEdwin S. Sinaiko, M.D., 104 S. Michigan Ave., Chicago
To examine Harold Zlatnik:Harold Dul,ner, M.D.,2616 S. Prairie Ave., ChicagoLeonard Tilkin, M.D., 55 E. Washington St., ChicagoRobert N. Hodges, M.D.,30 N. Michigan Ave., ChicagoEdwin S. Sinaiko, 1\I.D., 104 S. Michigan Ave., Chicago
Revision in Rate of PensionThe Committee on Annuities and Credentials reported that on June 19. 1953Miss Sophie Weiner was granted a service retirement pension of Sl,970.00per year on the basis of 30.925 years of service. In accordance with a requestby Miss Weiner, her service credits were reviewed. It was found (1) thatpension contributions were deducted from Miss Weiner's salary for a fullmonth in June 1923 when she actually was employed only 14 days of a 20-dayschool month, and (2) that, although Miss Weiner received salary, the Boardof Education failed to make pension deductions for one-half of September andall of October 1923. A correction of these irregularities in her account wouldresult in a reduction in service credit for June 1923 from one month to three-
April 19 494 1960
Revision in Rate of Pension (,·r, NtinNI ·,I )
quarters of a month and an increase in credit for September and October 1923from one-half month to 2 months.
The committee recommended that these revisions he nia(le and that the rate
of her pension be revised to reflect the additional service credit... makingher total service 31.05 years and her revised rate of pension $1,985.00 per yearto (late from May li, 1953. The committee also recommended ttlint contril,11-
tions for the additional service be deducted from the first adjusted pensionpayment and that the records of the Fund be changed accordingly.
On motion by :\Irs. Green, seconded by Mr. Mui·ray, the recommondations ofthe committee were approved and the above-described revision iii rate ofpension was duly authorized by the following roll-call vote:
Ayes-Mr. Meierdierks, Mrs. Green, AIrs. Light, Miss MeVey, Mr. Mui·ray,Mr. Petrie, Miss Smith, Dr. Lally-8. Nays-None.
Cancellation of PensionsThe Committee on Annuities and Credentials reported that the followingservice retirement pensioners have been re-employed as teachers by theChicago Board of Education. Therefore, pursuant to the law, the committeerecommended that the pensions of the persons, hereinafter listed, be cancelledas of the effective dates of re-employment.
Ty/De of 1{zite cif I):iteNanir I'rI:,414)11 I'rn#i{,11 lie-emi,1(,yed
List, Edna S. ... ...Service 83,026.52 3/ 3/60lic]Iale, Harry P..... ....... ~....Service 2.814.,2 2/23/GO
1::ink, Rosemary R. .....Hel·vice 2,530.20 2/ 1/GO
On motion by Airs. Green, seconded by Mr. Murray, and by the following
roll-call vote, pensions for the persons listed above were ordered cancelledon the dates indicated.
Ayes-Mr. Meierdierks, AIrs. Green, Mrs. Light, Miss MeVey, Mr. Murray,
JIn Petric, Miss Smith, Dr. Lally-8. Nays-None.
Outside Time and Military Service
The Committee on Annuities and Credentials reported that afTidavits, or otherevidence, attesting to or certifying (1) service in the public schools of theseveral states or in schools operated by or under the ausl,ices of the United
States outside of the City of Chicago; (2) time spent in the military serviceof the United States during the pension period; (3) service as a playground
or recreational instructor for the City of Chicago or the Chicago Park Dis-trict; and (4) employment as a civil service librarian in the Chicago PublicSchools or the City of Chicago are hereby presented for the persons herein-
after listed with the recommendation tliat they be approved; provided that in
the case of outside teaching service no more than 10 years be credited and
also that the last five years and three-fifths of the total term of service for
which an annuity is granted shall be in the pul,lic scliools of the city.
April 19 495 1960
Outside Time and Military Service (continued)Name 34'•]too/ Service Ye:irM
Brunciza, Emily mitli ...... .Suder ................ Teaching Service ..... 5.0001;tiller, ituth 1-. ............1'rosser .......... . Tenchint: Service .... .10.000c ':,van:nigh, Florence A. ....Calumet High . .liecreational Instr. . ..15.200che.hir,·. Manila ...........I-Inrrison Iligh ... .School Clerk ..... ..4.450('tillirilins, Yvoillie 71. .......N:ish ........... ...To:whing Service ..... 1.500ihiffer, John R. ............Dot·e .................Military Service ...... 2.0001·:ckert, Emmanuel Joseph...1-lowland ........ ..Military Service ...... 2.000(i:i}1:167,11. Robert W........Cregier Voc. ..... ..Militan· Service ......3.000item·H, ir:it·ion F Oglesby ........ ..>4·hool -Clerk 0.600Hunter, Mal·#raret D. ........4211,:titilte ....... ..'reaching Service ..... 6.000Johnson, Edith M. . .- .Wicker Park ..... ..Teaching Service ..... 3.000.fi,hn:ton, Willard A. ....Beale .............,..Military Service ...... 0.900Km·:ic, Man· E. ..... ...Substitute ....... ..Teachilic Service ..... 2.0001,:LIvle\·, Alice :\I...... ....Delano ...............School Clerk .......... 0.32511:ir,·k, Lillian ....... ....Bur. Child Study. .School Clerk .......... 1.275Nicolas, Jessie N. ... ...Chalmers ............Teachiner Service ..... 0.125Pope, Mildred R. ..... ....Du Sable High ......,Te:whing Service ..... 6.00012>·:111, (;race J. ....... ....Bowen High ..... . Recreational histr. .... 7.490S.lnit,Hon. I,oretta ... .....Park Manor ..... ..Te:whintr Service ..... 2.100><cott. Mathilda M. ... ....Substitute ....... .School Clork .......... 1.295Sh:innon, M. Eileen . . .Spalding ............. Teaching Service .... 1.700Shaw, Rita E. ......... ..Amundsen High .....Teaching Service ..... 1.000Tweedle. Mildred .. ...Caldwell ......... . .i'eaching Sen·ke ..... 1.700ralker, Grace F. ..... ..Burbank ......... ..Teaching Service ..... 1.250Tosburg, Doris B... ...Substitute ,...... ..Traching Service ..... 3.740Wallace, Virginia L. -Substitute ....... ..Teaching Service ..... 5.000West, Adele J. .Substitute ....... ..Military Service ...... 4.·145Zednek. Annabell ... ...Substitute ....... ..Teaching Service .....10,000
On motion by Mrs. Green, seconded by )Ir. Murray, the outside time andmilitary service for the persons listed were approved by the following roll-call vote: Aves-Mr. Meierdierks, Mrs. Green, Mrs. Light, Miss I\IcVey, Mr.Murray, Mr. Petrie, Miss Smith, Dr. Lally-8. Nays-None.
COMMITTEE ON PENSION LAW AND RULESReport on Revision of Rules and By-Laws
The Committee on Pension Law and Rules reported that, in the light ofamendments to the pension law in recent years and changes in administrativepolicy, it has undertaken a re-examination of the Rules and By-Laws. Itreported also that suggestions were solicited from the Fund's attorney andactual·y. A draft of the proposed revision of the Rules and By-Laws wassubmitted to the trustees for consideration and review in preparation fortheir adoption.
On motion by Mrs. Light, seconded by Miss MeVey, the report of the coni-mittee was accepted and orclored printed in the proceedings of this meeting.
MISCELLANEOUS BUSINESSNotice of Intent to Microfilm Documents
The executive secretary reported that the Illinois Statutes (Par. 31-34, Chapter116, Illinois Revised Statutes 1955) authorize the reproduction on film ofpublic records, papers and documents of any political subdivision of the State,provided that such reproduction on film shall be deemed to be the original
April 19 496 1961)
MISCELLANEOUS BUSINESS ( :ontint'oi )
records for all purposes and, whenever such reproductions are placed in con-veniently accessible files, authorize the destruction of those original recordswhich have been on file for at least ten years. Pursuant to the terms of thisstatute, it was proposed (a) that the following listed original records, papersand documents be reproduced on film:
1. Personal records of contributors whose deaths occurred from1896 through 1949,
2. Personal records of pensioners whose deaths occurred from 19·16through 1949,
3. Documents pertaining to the official meetings of the Board ofTrustees dated 1946 through 1949,
and (b) that, subject to the prior approval of the Board of Trustees, theabove listed records which have been on file ten years or longer be destroyed(after having been reproduced on film). In accordance with the statute, acopy of this report will be duly filed and posted in the Pension Oilice onApril 20, 1960.
The executive secretary recommended that the Board of Trustees considerthis proposal and any objections thereto at its regular meeting to he held onJune 17, 1960, and also that after such consideration the trustees authorizethe reproduction on film of the above enumerated records and documents andthen their destruction.
The reason for this recommendation is that expensive storage for the originalrecords, papers, and documents may be saved if they are reproduced on filmiii the manner authorized by law, and also that through duplication of micro-film added security for permanent records may be provided.
On motion by Mr. Petrie, seconded by Mr. Murray, the above-described pro-cedure was approved and the executive secretary was authorized to proceedaccordingly by the following roll-call vote:
Ayes-Mi·. Meierclierks, Mrs. Green, Mrs. Light, Miss MeVey, Mi.. Murray,Mr. Petrie, Miss Smith, Dr. Lally-8. Nays-None.
ADJOURNMENT
On motion by Miss MeVey, the meeting adjourned to meet. at the c:ill of theSeci·etary.
Recording Secretary.
June 17 497 1960
REPORT OF TlIE PROCEEDINGS
OF THE
Board of Trustees
OF THE
Public School Teachers' Pension andRetirement Fund of Chica«yo
Regular Meeting-Official Report
Friday, June 17, 1960
A regular meeting of the Board of Trustees of the Public School Teachers'Pension and Retirement Fund of Chicago was held Friday, Julie 17, 1960,The President, Mr. Mcierclierks, called the meeting to order at 2:00 P.M.
ROLL CALLMembers present: Mr. Meierdierks, Mrs. Green, i\Irs. Light, Miss Merey,Mi: Murray, 1\Ir. Petrie, Miss Smith, Dr. Lally-8.Members absent: Mr. Caples-1.(Absence of Mr. Caples 14 08 due fo the necessiti, 1,1 being out of tlic rountrv.)'1'he attorney for the Fund, Mr. Thomas F. Scully, and the actual·y, Air. A. A,Weinberg, also were present.
APPROVAL OF MINUTESOn motion by Dr. Lally, secon(led by I\Irs. Green, the minutes of the regularmeeting of April 19, 1960 were approved as printed, and an error on page462 of the printed minutes for the regular meeting of January 15, 1960 wascorrected to show the rate of pension for Irma G. Wegner as $3,618.72 peryoni·.
June 17 498 1960
REPORT OF FINANCIAL SECRETARY
Financial Statement
January 1, 1960 through April 30, 1960
INVEST.MICXT ACCOUNT
In,·emtmentM, Janunry 1,10(IO nt I'zir Vnlue
I-nited States Government socurities. ............. flo,579,000.00Illinois municipal bonds......... .. 22,985,247.54Corporate securities . .. 20,725,000.00Dominion of Canada securities... 1,750,000.00
Total $56,039,247.54
Add total invested 3,700,000.00
59,739,247.51Doduct total redeemed... 118,000.00
Inve,dment,6. April 30,11)GO nt I'nr Value
United States Government securittes. ........ 10,579,000.00Illinois municipal bonds.. 22,867,247.54Corporate securities 23,625,000.00Dorninion of Canada securities 2,550,000.00
TOTAL INVESTMENTS, APRIL 30, 1960. $59,621,247.51
IER.CEII"rM Xyl) DISI]URSE111CNTS
C'nM]i Iln]:iner, January 1, If}00Cassh-City Treavurer ..... 77,202.73Cash-Contingent fund .... 4,239.19 $ 81,411.92
ILECEIPTS
Ini·(A.tment IncomeIntel·esl inconie, long-term Ke<·111·iti,·s. ... 600,194.08Interest income, temporary investment.. 21,174.20 621,368.28
11(indM Redermed at I'zar Value........... 118.000.00
I-. 4. '1're:Ixiary IliI[M Redefined nt COMt. 1,672,642.33
Ine¢ime frum State Dixtrilintive Fund.... 1,198,886.29
C'<intriliution,4 1,3· 1'1:rlirlim:11,4 CK:,1:lry I)eililetic,InM)
Regallarly appointed trachern 3,121,887.GOSubstitute or tempot·arily ,·111131(iyed teilchers- 361,178.48Office emI)loyees 2,587.97 3,493,65·1.05
C.aM]i 1':aymen,M hy l'nrtic.ip,1,11,4Chicago teaching service 319,505.48Other Chicago service and outside time.. 35,503.57Interest 25,355.84Automatic annual increase 2,689.68 413,054.57
Mipsrelinne«i u,1Reimbursement for unearned pension payments... 3,853.69Bequest by Eleanor M. Fotter 1,000.00 4,S53.69
TOTAL RECEIPTS JANUARY 1 TIIRU APRIL 30, 1960....$ 7,522,459.21
TOTAL RECEIPTS AND BEGINNING BALANCE.......... $ 7.603.901.13
1
Tune 17 499 1960
1)14]1/-11%1·:111·:X'1'>4
1{efunnIA of lirm!}irM' Ccizatrilitati„,1,4, illic. toRe:ignation cif recill:11·11· appoint,71 1,·achers......$ 125.5·19.20Withdran·:il of :Ilistittlte i,1- t,·1131„,1,11·113· 61111,14),·ed
teachers 66.210.5.;Service in exces: 01- ·15 v,·.11:..................... r)51.TOI:,·tire!11,•Ill of 2111111:11-1'ied mal,· trachet·:4 4>4111'ii,ors'
punsion) / 1.215.001:xers: drclit,·tion: hy I:„:1·,1 01 IC,111,·:ition....... 11'.*,10.77Changes m 41('dit:il)10 :41·1~Vil,·.................... 218,780.40.
i 1'4,1,•41 iii :in,1 ]Ic·,arlit ]'21 3·i,triti x
Hervict• rt·tiremt·nt p,·11>:ions. .,. ·t:'.42:; 136.22Ilibid'iliti PA'llii„Hs .......... St;'245.:;4. 2,;.KIP.2·1
1 k.\·el·Mi(,nary I,ensions .
3,520.053.8 5Acld Blue Cross-Blue Shield premiums
82.11:*1.21;
:;,1;02,550.11Ih·(121(·t 1;1111' Cri):$-Illit; Shit'141 pre-
miwins \vithik4(1 ...... \2.-116.60 3.520,17:.51
Refunds of contriblitions............. .11,5,99,SSHinich·--11111 hen,·tit>: (,11 death in >:ervic,· ·1!1,351~.00Kingle-stim bent'fit: on de:ith of pen-
1 92.·1·19.ss :.612.583.39
A (Imi,Ii,4tritti ir I·'.xtic·Iix€•
H.11:,1.- expense:ret #:al:iries 11:tid..... ............ 0:;ST.'1:;Ccuitrilitition: for pension:. 2,5 57.11 711111, ('1-ci:,-11111,· Shit•1(1 111·,·tiliums
11·ilhhi·hl ......... 144.::6Income tax withheld. 7.211.70
·11),Ii:;1.96IC//11)1<i/·iq·'s :11:ire /11/1,· ('1·4,H: pre-
111j11111>4 .......................... ·IX.75 ·10,6,0.71
I'/of,·ssi„/i,11 .t./·i-ice.:Actuari:11-.\. A. Wrinber;r (7/1-
12/31/55) ....................... 2,500.00Auditing·-Pent, 11.11'u-ick. Mitchell &
Co. (year entling X/:11/541)........ ·1.200.00I,t·ir:iI-Kir·kl,ind, I:Ilis. 1-Ind>:on,
C'h.iff,•tz & Mast,·13 (!1/1/59-3/1/60) 2,5(10.00Inve:tment (·cilln.ellili#-St:1.1.1.11'fl &
,500.00115.00 16. S 15.00
Oflic·,· f:wilitipx:2,0%2.·10
ICI,·etricity ......... 207.901'*·le],11()1~~· :ind teh·Mraph.. 21;:'.41 15,54.02
(,Hit.(. exi)(.ns'.1·.(Illipint·nt ......... is.1.60()lit·e M/11,1)liph:
4':,rd cher ki: .... .$390.44' 180.40
(.')lim>le HU,)1'lies , . 11 1;. 35ilint'·(} sul)],lies .Mi:wrilam>ous ...... 422.20 1.265.62
l'ost:i#·,· 1,#56.StMaintelt:ince of cquipment......... 357.40Bond und interest colloc·lion. 19.04 3,523.00
U'itl)ulatilig sorvier:'rmcht:t·:' contribilticul credits hy
Ho.11·,1 of Nduc·ation 3,500.03Artunrial and in:111:iller st:ili:tic·5:. . 1 Rn.46Pen>;ion payroll 1.647.9101!ic,· administration ....... 2,257.95 S,·123.58
f
June 17 500 1960
DISH [ HNIC ' 11 ·jij ( i·, i " ti )//11 ( 1 )
Printing:c )Ilic·c· forms :ind supplic·s. ... .5 1,919.SOProceedings 1.85%.15Sorting, folding, ins,·rting state-
mefits......... 626.20 $ 4,·10·1.15
V i scellaneous:Convention and professional
association pxprns, ...... 300.9.1Trust,·es' expensie .......... 62."1Insurance premiums ........ 696.15 1,059.10 $ 78,76·1.56
Long-term Inve,4tment#4Bonds purehased (par value), 3,700.000·00Plus premiums 7,723.00
3,707,723.00Less discounts; 75,993.46
Purchase price 3,631,72{1.5·1Accrued interest paid ........................ .. 14.·1·14.08 3,646,17:1.62
TOTAL DISBURSEMENTS; JAN. 1 THILU At'lili. 30. 1960 ...... 5 7,556,302.17
Cm*h Ilninnre, Aliril :10. 11H;0Cash--City Treasurer ... 43,090.93Cash-Contingent fund 4,507.73 $ 47,594.66
Respectfully submitted,
Arthur R. PetrieFinancial Secretary
On motion by AIr. Petrie, seconded by Mr. Murray and by the following
roll-call vote, the four-month statement of the Financial Secretary for the
period from January 1, 1960 through April 30, 1960 was approved and
ordered printed in the proceedings of this meeting.
Ayes-Mr. Meierdierks, Mrs. Green, Mrs. Light, Mr. Petrie, Bliss McVey,Mr. Murray, Miss Smith, Dr. Lally-8. Nays-None.
REPORT OF COMMITTEE ON FINANCE
Reimbursement of Contingent Account
The Committee on Finance reported that receipted bills, cancelled checks, bankstatements, and other supporting documents covering expenditures for theperiod from April 6, 1960 through June 9, 1960, inclusive, and totaling$1,366.78 were audited.
The committee found that expenditures had been made properly and recom.
mended that this account be reimbursed in the aforesaid amount.
BillsThe following bills were presented with the recommendation that they beapproved and paid.
AddreMH«,gratill-Multigral)]1 Cori).14/29/60 250 Addressograph plates .$ 3.48
Jittie 17 501 1960
Bills (continticd)All:,4 StzitionerN, Inc.:
5/31/GO Oilice stipplies ........ .$ 118.66
11„:Iril (,r 1·:dtic:lti„n. City «if Chi,·zi;ro:4/22/60 Reports on s.itary cl,·ductions from 1/1/GO to 3/31/GO. 254.93
L. li . Hoc,lim Compirn,-:5/20/60 Mimeograph supplies ... 133.43
Centiary 1-enetinn illind .C >Jinde (70.:5/ 3/60 Service on venetian lilinds....~-... - . 73.00
Cniatinent:11 1·~11,·4·1(,pr Corp.:·1/29/GO 50.950 Special window envelopes.. 406.55
C'citic.:ixt. Cortic,rntion:
5/ 9/60 Photocopying :ut)Flies 26.SO
Electrle Tylunvriter Mervice :In,1 341,1CM Co., lIne.I5/10/60 1 Typewriter stand............ -.. - -~..-. 43.80
Hin·er St:iti,dical Ser,·ice, Br.:5/ 2/GO Actuarial and insurance .tati:ties $ 108.70to Perision 11,21-1·011 elianges for .\pi·il and May 1,40. 43.005 /31 /60 Omee administration ............................. 60. 00 211 . 70
Internation:11 11:IMine,4,4 11:whine< Cori).:5/ 2/60 2 Typewriter pad 2.50
2,000 Card checks (*.T-1·:9991). 21.54to 1 IliM executive typewriter 515.002 11311 standard typewriters...............$6·10.00
6/10/GO Less tracie in allow;ince 25.00 615.00 1,154.04
Kirklund, I.lib¢. Hodwon, Chz,trelz & Mnxterv:6/ 1/GO Legal services from 3/1/GO to S/31/60,.,..,,. 2,500.00
Marchnnt CalculatorN:4/22/60 1 Marchant calculator..... 655.00
Mur,drnH-Jackvrn Comimny:5 / 2/GO 2 Filing cabinets .............. 290 . 30
McCormick und Iii·Ilder,4€)11, Inc.:4/15/GO 19·inted forms and supplies....................... 757.49
1951) Annlial reports 1,716.70to February 11)60 proceedings 464.90
21,000 Summary sheets trimmed 54.505/21/60 27,000 Four-page bulletin (printing, mailing,
Postage) 582.68 3,576.27
'1'114• Niati<,i,111 (':,pda li,·gliter Cci.:5/19/GO 6 Rolls adding machine paper... 2.58
l'anni,in--Heaver, Ine.:4/21/60 Omce supplies 399.05
Murphy .t ~Tiller, Ine.:
6/ 1/60 Service on air conditioner. 7.95l'hyMicilinM:
6/ 2/60 R. N. Hedges, Sr., M.D. 10.005/16/60 Claude N. Larnhert, M.D,... 35.004/11/GO Oglesby Paul, M.ID. 30.004/25/GO Nicholas B. Par-letic, M.D. 10.004/28/60 William J. Schnute, M.D.... 25.004/25/60 Edwin S. Sinaiko, M.D............ 25.00 135.00
Ju::c 1 7 :02 1960
Bills (,·,illti ""(· d )
1:itney-Hon'(M, In::
3 / :/40 1-': irt . for Pri >: t : lgi· lit ,· t ,· I '.. . $ 2 . 50
$10.025.12
On motion hy Miss McI'cy, seconcled hy Mrs. Light, the foregoing reportsand reconimendations of tlic committee wei·e approved. Reimbursement ofthe contingent account and payment of bills, listed al,ove, were authorized bythe following roll-call vote:
Aye.5-Mr. Meierdierks, 7Ir:. Green, Mrs. Light. Miss MeVey, Mr. Murray,Mr. Petrie, Miss Smith, Dr. Lally-8. Nays-None.
Refunds and Death BenefitsThe Conimittee on Finance reported that documents pertaining to claims forrefunds and death benefits listed herewith were examined and verified,Evidence from Board of Education records shows that applications for re-funds on account of separation from service were macle by persons no longeremployed as members of the teaching force. In the case of Robert L. Hamil-ton, his anplication for a refund of contributions iii lieu of a deferred retire-ment pe],sion is accompanied by a written release to the effect that on receiptof such refund he shall h:n·e no further interest in or claim against the Fund.Claims for refunds of contributions and benefits payable on death of teachersanci pensioners v.·ore determined after certifying dates of death and establish-inK proper evidence for each beneficiary , administrator or executor. Thecommittee recommended that the refunds ancl death benefits listed lierewithhe granted in the amounts specified.
The Committee reported further iliat other refunds to contributors, listedherein, wore paid al the time reports on audits of such contributors' accountswere suhmitted. Such refunds were requirecl because deductions from salarywere not macie at the proper yearly levels as provided in the contributionschedule and on account of overlapping service credits. The committeerecommended th:it the payment of these refunds be confirined and approved.
Refurnd, :1//c ]Ersignnuon 1,1 Reuil::3·b Emp!(iyed Memii€·rM:6·15'61 Hils:41114:, 1"1„n·ner· 1'. ......5 241.66
-\111,1111·Nky, .fignne ..... ··· ·· · ibialt, 1[,li·i-in Matsisi·lt .... 456.(IC)An#,·lini, .1,:in H. ... .. Klif'.25 1/in·.vitz, i "cheved /2. ...... ~:3.75
K!17.16 1 1„1·Nitz, .J:1 11*· ............... 1:15.DnAr,jn>:on, T,ucilli· L ..·· .1:„·cd,s,·n, (':11·01 IL .......... 1,520.99Bukman, Shirley H. I[... 1,257.00 1<:,0:in, Gembline J. ........ 350.00ihillillirt·/·, ./c,H,·1)!1 (;. 1.S'.5.*;:, Kerf,·, .1:willl,·lyn F. ....... 1,776.2,Din·km:in. .],mil F, ..,.. Iii·(6:4, ./c:inne .1. ............ 664.60Hon nevier, 1·:lain,· M... n r,An.52 1,:wey, Mllurn Pat ··········· 8(17.OnCarter, Dorothy M...,.. 2,711.98 1.:i//Arford, 1„libarn .......... 1721.25Crenshaw. Barbara M, . - 1.1::2.3!i ll:ili,m·r-, Mary C. ........... 359.001)(·litsch, Ji,:in 1,1 f) !1. 1 1)80 1.x!) 31:,XW,·11, .·\11;44·1:l "Fai·ley, 1;:11~1):11·:1 -\. ; to.,1 0 M:rvron. 1·:11,·11 L. . ..... ·· 4 20/4<i1·'itch. ibrb:un .hi. ..... 807.5<} Mi·Aclanis. IC:ithl,·eli .\nn..... " 320.21G:itton,·, 71,11·>· T. 1,(11 7.0(1 Al,·tzg,·i·, XI:try 0. ........... 1,656.1)4
...
C;(,1(11),·l·Ar, 110~·(·1·13- J. ...... 21 x Ii;:J Misti·i k. .I:ti·qui·litic· ('. ....... 597.75Go],111,), I.11·gillia .,...... ,)]son, C:il 01 it. 99:].15Ii:ills, M:11'Unr,·t Kil,·911 .. 170.ori Plant. 1·11:i M:t,· ............. 2.290.50ifcaly, ICHern JL .... 1.122.i)() 1'211'r'I·:11·, Ada Xi:I,· 1'4·01)1,·:4. .. K 1::.fil)
I 1 i, ijill Jovee 1 :. ...... S O 0.4 0 1:(11)111,"11. .,\11(11-,·>- .J. ........ 1,2 (,0.20
122:ic 17 503 1960
Refunds and Death Benefits 4 rontintted )
lirfuncLN 1 / r Ile ,4iginition „ f Ilegul : irly 1·' 1111 , 1 „ jecl )irmlier ,4 : ( r"ntin " cd)
C 9
.....1 „thing·Ar. .\1·]yne ..........$ 1 2%.1.'Al Sintsky, Mail·ine ...........$ 799.69
1 12:>:,·11, M:it·;r,zi·et L. 1,·1:51.5,1 T:ivic,r. 11·,ne 11. ............ 8%5.9·11 4.,·:.Ut, lili·1):lin ............ 60.20 W''is. M:'111't·en t.. ............ 1.63..73.Votilli', Evelyn 11. .. 71 :.1.,11; Yul:t·|:.(,11, Marilyn !.. 266.-10Hilverm:rn. 9:indra ........... St:1.51)
$15,2:,7.t/'jIE{·filtic],4 11/e Met):tratii,11 fromi Mervic·e <,r 3%111),dii ttle„r '1'emporr:irily 1·'11~lit„yed '1'r:,c·]irrM:
Alf:Ino. Ch:11·les .1. .... .$ 15.00 Lew:tre, IC:ther 1·'lizabeth....$ 1:15.00At·nold. II, nry P. .... .. 623.61 11,·Carn, Sarah .............. 20·1.60I;i·,11·(1:1:,·, 11,11·i:in .... . 1,068.63 11,#ttweil,·1·, 1,01·otlir- M. ...... >83<.50Huck,·r, Ethel G. . 96.00 Munny, Ann . 175.1111,·Ittl'·\·, 1·:liz:11)(·til Ii. . 272.25 N:ihn.. 11, 11-1,6:1 .1. ............13,·inheim, Diana M. ... . 27.00 Xysti·nin, Dolores K. ........ 121.501 :il„11:~. 1',ucioll,li ...... .. 2.11).,1.8 ()'1.:nil.rhlin. Caroline ........ 255.301;„il!·. (':1(11,·i·i]1(' Ii. .. .' 507.40 14·1.w>ki. .h,in XI. 522.41)1,1'inver. AI713,·1 11. . . . 514.75 0.<th. Vivian Maria .......... 34.00
1 Hucilrn, ursula I.. ... . 6:,6.41 r H....... 30·1.65Ih·In,·>:, Muriel M. . 471.1,1 I'*·1·t<,11, .\Tlll .··············· 07.50C:u·h,·v. Anne Noel ... . 162.00 11:ailic), Niclii,las .1. .......... 24,4).6.1
. 537.11 k,·inli:,i·ts,·11. bidz,·Bu ......Ca:ler. .h):111 541:inwk .. .. 70.51 No:,·lit hal, 11:in·ict G. ........ 63.73c."11.ird, Vivia,3 1.ois....., . g S:'.41) 15,>:11,·1·, Judith 11. ........... 11110(141111('c·ll):!11111. I'(,:11'1 . - 1.:;37.0·1 not:k„. .Juliana . 723.00
1 '(;)111·tney, Miriam C. .. d...'./1" lz~11}ill>:t,·in, Icliss:2 1 .,8.01c ,·1111, M:11·1- IC. .......... <132.·10 B.nrer, >hi'· ......... #5.001)4·1·1·n;row>:1.i. I:ita F 723.00 >:avaKe. C:/ r.1 1. 1'. .. *i{).0(,1)i.Lmoncl, .I.,1,39·0 IC. ·12,0.71 Scalzitti, Edith C. 711.00Dillard. J:wquelyn B. . . 241%.51 sch:11)1./·, Patricia .\. 26,1.10/)unnelly. ,1:I/:ie>: ./. .... 27.00 Shappi, Joyc k. ......... 260.·to1)21!kin, 11:,1·64.11·pt . 1,(1.0 (1 Hhod,·en, 1.on·:/int· ....... 127.501".in·,·11, 71:11·y !,ou . 1.5.23 Silver>:trill. lillit.ll P. ....... 110.62F,·im·i·. 15·1·11.1(11·tte .... 17%.50 Sm,dlen .Inan ............ ·los.OOCenv:ini:" 'i'homas N. ... 611.20 Hillith, 1::li·I, Car><(,11...... 20-1.00Gittler. .1,)1111 Lowis ..... :;51).67 ><now. 11.0:1>·1/ ............~.. Al.W(;1<ulal .Jesus J. ....... 214.:,7 ><trinh:lum,1, Han,ld 12. .. 60.00(;01(11),·1·g, l'he:i ..... 124.00 Taum:in, Sophia ......... 222.752·111.00 Tom:1:ht·vic·11. Gr~,1-#re rid. :,hl.22Greenle,1 f, Vivian M. 70 9.90 Turhon Elinor J. ......... 92.71)Greenwald, Pearl Fript 1 .02 '.0 1-ng'i·, Sheila G. ......... 17.5.511-1:ile. 11:11·ilyn .\. ....... '9:L<50 r,il,irl{'(•, M,tur,·,11 ('. ...... 131).2,1Hanrnrond, liplen K. ... '178.16 Vint:rlizill, 1':ltricia K...... 1 '1 0.51Hanrahan. Barbara A. .. .190.!HO W.1114'r, 1 1,·tty Ann ....... 2SS.61H:imilton. 1:obert L. .... 1.135.60 lf-,·ilisin,·k, 1,nin:I......... 2,;5,65Han:(·11, 1·1.ileen G. 71-hite. G,·1,1·Lre Vivian . 47·1.00Hart·is, .\udrer Jane .. %5.51 Williams, ('hi·is:tim, ....... 441,.00Heard, Anm· 12. .......,. 587.40 Wind,·.4. 111:H:ell R., .Tr........ 18.75
298.12 Winston. Sin·:111 k. ......... 1 67.55.Tal,con, Dorothy ..... 26.10I:irschlier, Fay,· ..... 2·19.00/:11('Ii·] 4':. Regina I'. 205.511,:01;ri:111(1, Al}11; ... 1.()14).411.a"·soti, Evelyn ...... 1:1;;.50 S:,0,636.5!)
li,·furn[14 (,f .U·,·11,„til:Ile,I („tatrilirili,in. 1,„ 1)4·„tit:
Thu·(·Y, 1,N·ancess S. 6/0/01 G. //fli·/mirit. hi'nt/i,·i,i,·i, j..... ~.,...~.8 JA01.1;. John :() 11 , . Ii 111111 ,· i · IL (/ rui ·/m ,·ir . 1 . / 4 · 41// 1 / . f '// Uthi , 1 ./„ h ji .:#,/ 1 und
4·13.KGKennedy , I~ (, 1 · ola E , ( Mu )·4 N . ( Ind Mudclic' ile M . 1 <, ) i , i , di~ , brne -
/it·ia,·ioe 2,Al'J.21Littliton , 1 )(, 1 ' 4 ) thy (./ ir „2 (.: /'. 1/,1 ,· 1,· c / t . ///, 1,()1 (·fi,- i,119 ) 4 ,!) 25 .!) 2riller , James R . (Orion M . 1/ iller . 1 " neficill )·! 1 ) "..„.'
' Connot ·, ciertrucle (|; ith , 11 '11 0 ('(, 1111 (, r 11 , 1 , 1 1 ·~li --( 11 „ th X1 (·( irt ·(· i ·, 1 ,1,11(firbnic") .., 5,11)101
12„chford, M:it·ip H. 1,0(12.84 *Rioney, 1''t',111('es C./flim'.. ./. .1/i·f'(t/,(·, ii,/mii,i.:/#·(/tor) ...... .... 5,323.72huh : wffer , Leslie 1 ·:. Ch 1,- 1 ' i ,{11, 11' n Kclitit 'ffer , benefit · icirlt )......... 6 . 780 . 22 $ 31 , 507 . 32
*.l)1;11(ittilit
June 17 51)1 1960
Refunds and Death Benefits ((·rijitinticd)Single Payment lienelit,4 (in I)enth of 'I'citeher„:
Connor, F.( lward Vr· T · non ( fi/ intril V . ('oun ,ir. , Jr . (in , 1 1 '< Imi,la A .C'„Milor. minor 1„11£12 ,+Inew) .................................3 3,GOD.00
I ),· w ,· y , Frances S . (Jilin G . flart mtin , licut ·Th · M , 4 ) ············· '1 , 500. 00Johnson, .Jimmy,· IL (/Nu·/,cri·,1 .1 . li,-1/,Int, ('unt/1 ic, ./„hi x„ i, ,1 21,1
RWER Ncut .1(ilrnxim. .Al licni·firifiric.) ....................... LotknoKenn,·fly, Loyola E. C .1/,1;-1/ 13. ,„1,1 .1/,idc'lic·,1,· .lf. /1-cirn i'd,/,
4,500.00Littleton , Dorothy (./ame. 4 /'. 1 /,I ,· 1 .-, N , ///. 4 "4, 8/ ry )......... 5 , 000 . 00O 'Connor , Gertrude ( IMchard f )'C,innfir fliid Ntizillit ' th Ati · fircur !1 ,
......2,(·,Lf'//(·i (1"iCH)Rooner. Frances /./ant<'.9 ..lf,·(.'abc. 4,/int,Ii.,drator) ........... 5.000.00Schaeffer, Leslie le. ((lic-in,/(,1,/n Xe/i,ic·/7, ,·, 1,414·/i,·i,ii·,/)......... 5,000.00 $32,100.00
Single Payment IlenelliN «rn Denth of 'renehir-1'111%1(inerM:
Rorr' harclt , Hent· y G . ( 1 - fra . 11 , 4 /, Xh irl,'11 Z. tind /{„ I , lic . 1 . /; i, r-chii,·dt. lic·ndic·i,1,·i,·M) ...................................... 500.00
Jones , .Jeannette T . f . hurell f '~Irtrr . 1, i ·)trticinno ................ SM. 00Nicholson , Alice 0 . (. Uic; Mm ,m „· t Vin ,·i · nt . biniti ,· i ,Int ) ........ 500. 00Rochford, Marie B. f.inil L. kw·h/,0-,1. b,·m·//(i,u·,/) ............. 5 00.00 2,000.00
RefundM :i/(· I.h:('rM,4 C<intrilintion M Deductedby the Hourd of 1·.cluc·zition:
Albrecht, Rc·r·tha Z. .$ 57.00 ('avannugh, Florence A.. . .$ 60.00Anders, Ora L. ...,... 112.50 Choll. Janice ... 30.00Anderson, Darwin V. . . 56.20 6.75-- - ~nk. ~·Nb'int~i-~~~~]~~~..~:Anderson, Leonard M, 1,„.61, blark, 26.9.1Anderson, Warren V. ... 5.58 Clarke, Eclith E. 127.00Anthony, Bobbie M. .., 2.1. i .1 Connery. Joseph ..... .. 42.98Arnott, G,·or-Me A. .... 37.40 Cool),1. Jack ......... ... 74.92Atherton, Pauline ....... 3,1.50 Cornellus, Lucille H. .. ... 171.00Atkins, Harold A. 82.32 Cornell, Margaret ..... .. 90.00Bancke, Thomas J.... 63.64 Courtney, Charles R. ........ 33.648:ki?hr, Rtifii,4 F,..,.... 187.52 Crowle>·, Leo M. ..... .. 7.44Bailey. A. June· ....... 50.25 Cummins, Yvonne ........... 226.5313:ill. Jean C. ......... 22.50 (' lit·t·i·, 1,,1·11,·stille D. ... 26.50Ballenwer, Florence . 156.18 Cut·tin, Frlinces T. ..... .. 111.00Barr, Charlotte Anne . . 84.00 Dacosta, Esther ....... ... 291.00
Bartley, Patricia ,..,. 285,00 DeT]ocir, Dorothy L. .. 42.50Baxter, Zonabia L. ..., 232.50 Delaney, Fred W. ... 221.17Reattie, Butler ,......... 6:1.4 4 1)eLave, Joan M. ..... .- 43.50Belkin, Harold H. ..... 28.10 1)0Tini.q, JOHOT,hine .... .. 66,00Berg, Gladys C. 16,50 Dimitroff, Lillian M........ 190.50Berghoefer, Clara M. ,... 180.00 Duffey, John R......... .. 179.92Blodgett, Louise H. ..... 180.00 Duggan, Frances E. .. . 36.00Blain, Robert S. ......... 37.42 Dunworth, Eugene J. .. ... 22.38]30:irman, 1toberta D. C. 90.00 Dyson, Esther Rita. ., ... 306,0013ojda, Frank A. 134.96 Dziekon.ski, Helen V. 192.00Bourgeois. Patricia J. . - 6.00 Eckert, ICinnian,121 ... 4.14Howden, Delbert A...... 135.04 Ellet·be, Chrystal)elle .. 149.75Hoylan, An#ki O. ....... 900 KI·ric·o, Charmnim, ... 70.00Br·:insky, Toby ........ 15.00 1·Grans, Charles J. ..... 2!)9.42Bresnahan, Dorothy .... 240.00 Faires. Drna M. M. 6 6.00Broadwell, Lucille ..,.... GO,00 Foote, AuguAtus K. ..... ... 112.52Broder, Doris IE. .. 21.75 Foster, Martha M. ... 5.00Ilrogsdale, Robert J. 4.69 Fragale, Katherine C. 50.26Bronski, Marie . ........... 66.00 P'rench, M.,n A. ..... .. 4.50Brundza,Emily Ruth......... 90.00 Friedline, Marie ....... ,- 180.17Bucare Mni·v 9.00 Friedman, Marcella F. .. 28.50Buller. R lit 1, TT. ..,.. 102.00 Finder, Morris ........ .. 113.41Bullock. Gerald ..... 183.94 Frasca, Louis ........ 90.08Burke, Nathaniel .. 3.72 Gah:iman, Robert W. .. 5.58
. .rBurns, Therese C. 13.50 GarnA, Myrl A. ....... . 6.,/
CabaniMs, Hazel .......... 15.00 Garbarz, Chester J. 82.44Calvano, Salvador .... 74.92 (irk:as, Olim M. ........ ... 144.76Campbell, Ethel T... 1 80.00 (11·:tion, i·Niza A. ..... ... 336.75Cars,·110, Lorotta D. .. 285.00 (ilick. Norn:an ...... . 19.5,;Cassidy, Mary ...,.... 285.00 Goetz, Ver:L C. ..... ... 172.50
J1111/ 17 505 1960
Refunds and Death Benefits (ronrinurd,Refund„ 11/e Exce*% Contrililitic}!1+ Deductedli :· thi• ll , inrd „ f 14 (luention : C i ·( intinti r< 1 )(,('ggill, (;1'.1(.t' 6......... .$ 2.60 Mellillan, Henrietta I.I. . . .$ 66.00Gorny, Timddi,114 S... 315.04 Merilty, Dorothy ........ 321.40(91':11)c'nthit·13. 1:(1>· 1' . 31.62 Me'rigue, Lois .......... 19·1.25Grt·un, Nath:ini,·1 ....... 1.8.68 M,·rriwcathi·r. Joyce M. 3.¢.,Grithn, I.).ini,·1 (;...... 23.2.1 1\Leyer, John W........... 150.04
Grog.in, M. I.zicille ... GO.00 Meyerb:wh, Helmut ..... 52.52Gilenther, Marjorie B. 20.23 Miclum, Chester J. 262.50H:1:Ls, le:Loul 27.38 Miller, August .......... 8.4211:11111. Joliti H 2 9.8 Miller, Florence M. ..... 174.001·[anultori. James 11. 4.6 9 Miller, 1-Izil·old G. 2-17.48
Hambright. 1·ki·bert S. 4.69 Miller, Thelma L.......... 150.001-lannwr, Mary Lt·la . 66.00 Minnick. Alice M. 6.00Hansen. Rita 1·Nlen W... 205.50 Minogue, 1·:dward J. .... 5.69Ham). Belli 225.01 Moderow, Douglas ..... 11.24Havel, JamM J......... 150.0.1 Moeglich, Ray........ 33.641-kinz, Acieline M. 336.00 Monti, Dorothy G. W.... 32.17Hicks. James IC. ...... 1 66.90 Morrow. Stella J. ....... 411.501 [off'meyet·, Huth N. 186.00 Mueller, Charles J. . 120.04Holt. 1Cdward M. ..... 11.16 Xturller, 1,~stelle V...... 184.50Hughes, John J 7.4.1 Mule:lhey, Leomird R, *.... 127.39Impen:, .Inne E. ...... 13.50 Murloy, Margaret ........ 378.„18:l:w, 11:1·At·ethe G. 16.50 reale, Jane B. .......... 1.·12Jerome, J„.eph 13. ..... 157.36 Newton, Willard lI....... 71.31.It'1·1·ettls, 1::l> Hlot)(1 1,. 40.17 Novak, Vailter 1......... 17.75Johnson, 13,nj:imin J. 300.00 O'Neill, Gerald G............ 247.4SJohnson, }Cdith M. 38.25 O'Neill, V. Jerome, Jr..... 26.22Joi·dan. I,ouis ....~~~~ TS.34 Ovet·holt, Olive H. 284.25Jul·gen. H enrietta . GO. Lo Ozeran, Beatrice .......... 72.00Eammikax, Hth·n ... 66.00 Papriak, Edward B..... 7.44Karlen, Harvey M. .. 292.48 Pall, Charles J. 36.35Ke:ine. Marib·n J. . . 22.50 Papie, Margaret A. ..... 6.75Kelleher. William J. 37.36 lii>Ile, Geraldine ....... 91.50Kennedy, I'llt,·iC·i" . . 103.50 Peters, Ihith M. ........ 240.00Kit·hn, I t· Vill K . . . . . . 75.08 Pettkoske, Joseph ........ 11.16Kismme, Rosalie M. . 7.00 Petty, Dolores ............... 15.00Kleiri, }C stelle Ii. 1.35 Petty, Lewis J., .Ir............ 19.82Noerner. Throdore 1 1 .<.6 S Phillips, Theodore G. ... 1.86Kohs, Richard F...... 202.44 I iptte, }lutli B. ........ 153.00Konkel. Elaine ...... 38.25 Placko, John S. .......... 4.69Kol,pa, I. Itussell ... 26.12 Player, Mary Anne .......... 180.00Kmae, Mary 1...... 15.00 Polite. George F. ............ 1S.68Kozeluh, I)01·othy G. 4.50 Posluszny, Anthony A. ...... 352.48Ki·ager. Peter .. .. 1.72 Rasinins, .f:ine M. ........ 6.76Krol. V:d/·ria M. ..... 186.00 Rategan, Bernice A. 9.4 5Krump, Jacqueline . . 255.00 Retzlafr, Albert K. ....... 63.6.1Kul):in, Ancli·ew A. ... 37.14 Rico, George ............ 112.52Kulat, 1-larold R. ... 105.08 Rietz, Edwad G. ........ 467.02Lamp, Herbert . 206.24 Robins. Eleanor ......... 66.00Landis. 10:ther J. .... 186.00 Role, Verno S. ............. 31.05Lease, Marium D,.... 120.00 Rowan, Ronetta J. ... 165.00Leberes, Adolph J. .... 50.58 Rutherford, Robert E. 18.72Lenti:in, Marian ..... 78.75 Ryan, (Grace J. ........... 48.00Liden, El'11,•Ht .1., Jr. 157.54 Siwcomanno, Mary .......... 114.75Linden, .John W. ..... 71.15 S:lint,Hon, Loretta ....... 62.001.ondon, 1:dith ......... 97.50 Schultz, Charles I.I. 82.32Lonk, Gladys M. 228.00 Schwartz, Mildred A. .~~~. 16,1.00Luckow, Gertrilde K. . 25.50 Scott. Vivian M. 11).63Lussenhop, Madit! ]C. ...... .. 5. 5 Briler, Yvonne 13. .......,. 54.00Madison, Leola G. ........... 115.:{6 1.30Maflla, Anthony J.,Jr. 253.12 ttller;9, Eugene .1........
262.50Ar,iklich, Eclward J. . . 206.37 Sexton. .\dele R. ......... 139.30Mai·nell, John J....... 28.02 Shannon, M. Eileen ....... 28,50Marshall, Rachel E. ..... 10.20 Shapiro, 12.ty 63.64MeCabe, Helen T. .... 111.00 Sharkey, Thomas W. .,... 3.76Mc·Carthy, Marillyn ..... 393.00 Shaunette, Gloria. D. .,.,. 69.00Mel-mvid, Virginia ......... 116.25 Shaw, Rita. Elizabeth ... 240.00Mrat,e, Ittlth E. 336.00 Shillizii. Irene (), .,.., 2.25Me(:overn, Dorothy Ami. 5.00 Short, Helen M. 47.25Melienzie, Tivillian, E. .... 37.52 Sims, William M. 112.38MeM:,slets, Ellsworth ... 50.72 Skarbek, Jeanette ........... 126.00
Junc 17 506 1960
Refunds and Death Benefits (continued)Reftin,14 0/4· Exer,4 C ¢,Iltrililitic,ilv ])(•d Irtedhy the 12 „/ trit of I ·:, 111 (•: lli , 11 : 4 ,·, i }ltitil / 4 '' l }sm,·rlinK, William H ; \:ilk•·r. (h·ae,· 1. .5 51.751 1. ItSmith. Ch:11·1,·s S. ............ 16.41; Vick,·ry, Thyra ..... .. 105.00>:mith, .I,·,irl!14· .L ,............ 7.50 \-„Lrl'|'· .lift·,·,1 4'. . . . 2 f. 1; 1H.t,1:in. Murviri IC:11·14 ..... 161.46 W:'11%. Hiehard .\. ... 1,5.72Shin·:l, Frank S. ....-·1,70 /1-:LA•r, ./line W. .. .. 1%0.0080Ka, Joseph ............··· IST.52 Tf-, b::ter. I.r,lit:i Y. 3.00Stalmok. 1.:,Vall(·}la M. ..... :'fl."0 Wel:*·11>4, M:il·r- T. 117.00St:irk. Willinin ]I. ........... 172. :1; Niswl. Forn,·y A. S:I.SASt:111", G•·rmaill,· (;. .. ... 345.00 TV,·st. ICAK :11·(1 .1. . . 1.70St,·in, X,ir/zi:iii .............. 157.HI; Whider, Helen ... 57.75Steiliclizi:t. 1-T:,1·01(1 ..... 1 0.60 Trietzkc·. 1·'r:iii k A. 18.fiXSt,·vens, Humphrey K. 1 60.1)6 Wilev, Dorothy W. ...... 55.50>StraiL:ht, M:id,·line J. ... 6.75 Wilkinson, William L. 1.80Strickler, Siclric·v ....... 22.1 K Irilli,£111:, Aim,•1· ... 12.()0Stilliv:m, .John IC. .. ... 112.21 Wilson, Don,thy L. .... 806.·tOMuth,·r·I.ind, .InK,·line 22$.no Wil>:on. Marie S. ..... 126.00SK:mgm. phyl]In ..... 2.25 n-r,„clville, John L. 1 5.687':it,·t·:1, Alrnes /.. ... 171.00 Yozing, 12,·tty .\1111 .... 115.50Taylor, Marion W. ... 8.00 3-„trn,r. LYnti,·tte M. ... 15.0()Trinkin, I):i vici•.... 3-1,11/1,:. 1.r~>· ........... 5.~;:~
'I'harn<trom. Dolli,· 21.00 Z:il.it,il·i:. M:11·Knr,·1 IL 2.25Trunx, Maric· ....... 1 x,).01) Z, hme, }[,·1~>~ .. ..... 7:i.I; 4Iile,11, St,·11:l K.1-11,1,·rwor,(]. Lempi J. 60.M)t-t·c·hot, Robi·rt P. . 1; f'.5:; $26,572.37
Itefund.4 11/c Over!:itit)!nir 44·r,·i<·r (re,litw:Fiat : l :, lb · 1 · 1 1 ff ),1 / Ii ,1 ,· ti ,tif' 8 ( lit . 1 , 1 .14 ) ............ . 5Moquiti, Willi:im C f 'hi,·,1,/,b .'Ut/'.:t//11/i· .i·ri·i,·i· ./im. 1422). 4.50
$ 5.75$171,9.0.02
On motion by Miss MeVey, seconcled hy Mrs. Light, the foregoing reportsand recommendations of the committee wei·e approved. Expenditures for thepayment of refunds and death 1,enefits wei·e authorized and confirmed for eachaccount shown above by the following roll-call vote:Aves-Mr. Meierdierks, Mrs. Green, Mrs. Light, Miss lIcVey, Mr. Murray,Mr. Petrie, Miss Smith, Dr. Lally-8. Nays-None.
Duplicate WarrantThe Committee on Finance reported that the person named below requesteda duplicate warrant in lieu of the following described check which was re-ceived and lost, An affidavit certifying this loss and indemnifying the Fundafrainst any liability, damage or expense which may result by reason ofAsiling such duplicate warrant was duly filed. Therefore, the committeerecommended that a warrant be isswed to the person named below in theamount indicated:
inme ., 1,1«)!i n t Numbrr lintr I '11 rlic,Me110+M, Cassie B. .$176.22 106060 4/30/60 l'ension Pa>·nient
On motion by Miss MeVey, seconcled by Mrs. I.ight, the recommendation ofthe committee was approved and tille TY' al 1 ant was ordered drawn by thefollowing roll-call vote:Ayes-Mr. Meierdierks, Mrs, Green, Mrs. Light, Miss MeVey, Mr, Murray,Mr. Petrie, Miss Sinith, Dr. Lally-8. Nays-None.
lillie 17 507 1960
Exchange of U. S. Government Securities ConfirmedThe Committee on Finance reported that an offer was made by the U. S.Treasury Department to exchange· 216% treasury bonds due November 15,1961 for a like face amount of 391 ' 9 treasury notes, dated June 23, 1960and due May 15, 196·1. In the interest of increaving inconie for the Fund where-ever possible and in accordance with the advice of Standard & Poor's Corpora-lion, investment counsel, this exchange was al)1)roved by the trustees iii amail rote prior to the date of this meeting. The committee recommendedthat the following described exchange be confirmed, that the notes be reg-istered in the name of the Fund and that the executive secretary proceedwith all the transactions pertaining thereto.
Hond, unned hy (!11 1'1,1,4
$950,000 U. S. 21,2,; Treasury Bonds of 1961, dated February 15,195·1, due November 15, 1961.
'['i) lh· 1:xch:rnued. 1':ir for /'.11·, fuir
$950,000 U. S. 3 "i U Treasury Notes, Series D-196.1, dated June 23,1960, due May 15, 196·1.
On motion by Miss MeVey, seconded by Mrs. Light, the recommendationsof the committee regarding the above transaction were confirmed by thefollowing roll-call vote:
Ayes-Mr. Meierdierks, Mrs. Grcon, Mrs. Light, Miss MeVey, Mr. Murray,Mr. Petrie, Bliss Smith, Dr. Lilly-8. Nays -None,
Audit for Fiscal Year Ending August 31, 1960On motion by Miss MeVey, seconded by AIrs. Light, the Board authorized thefirm of Peat, Marwick, Mitchell & Company, certified public accountants,to make an audit of the accounts and records of the Fund for the fiscal yearending August 31, 1960, by the following roll-call vote:
Ayes-Mr, licierdierks, Mis. Green, Mrs. Light, Miss MeVey, Mr. Mui·ray,Mr. Petrie, Miss Smith, Dr. Lally-8. Nays-None.
REPORT OF COMMITTEE ON ANNUITIESAND CREDENTIALS
PensionsThe Committee on Annuities :ind Creclentials reported that applications forpensions were presented for pcl·sons, hereinafter listed, with the recommenda-lion that the pensions be al,proved and granted in the amounts and under theconditions set forth herewith. In the case of each applicant for service or
June 17 308 1960
Pensions (continucd,
disability retirement pension, the employment of the teacher had terminated,the legally prescribed minimum years of teaching service were completedand requirements with respect to age (if applicable) were fulfilled. The appli-cant for reduced retirement pension made due and proper election to receivesuch pension in order to pay a reversionary pension to a survivor after deathas a teacher-pensioner. Each applicant for disability pension was declaredby three competent physicians to be suffering from a disability which whollyand presumably permanently incapacitates him for teaching. Each applicantfor survivor's benefit furnished proper evidence of her right to receive suchbenefit.
Ser,!ce Pen,IionCredit. E:Yective (Annual
hl Nnme of Member Mchool or SintuR (Ye:irM) I )tate Rute)
Optional Service Retirement Pensions10305 Billings, Mary R. .....Kozmin:ki .........22.290 6/16/60 $1.109.04
9034 Craven Inez M. ....... Hirsch High ..37.300 4/ 9/60 3,299.5210287 Dahlquist, Irma R. ....Substitute .. .26.200 4/11/60 1.629.GO10258 Ferguson, Elizabeth L..Kozminski . .40.300 4/30/60 4,450.SO10289 French, Isabel S. .....Neil ........... .40.·150 3/29/60 4,385.16
10290 Fuller, Juanita U, ....Austin High ........3.1.200 4/ 1/GO 3,562.OK10291 Hadley, Lillie R.......Steinnietz High . 42.600 4/ 9/GO 4,785.4810292 I-Iotalen, Esther ......Hamilton ........ ..350 4/23/60 3,426.GO10163 Kaye, Florence S. ....Austin High ..... .27.300 10/17/59 2,661.0010296 Moore, linry M. ......Stevenson ..... .27.450 5/27/60 2,175.2,1
102qi Newman,.Ic,lin H......Lane Tech. High....30.700 3/26/60 3,334.5610298 O'Connor, Miriam ....Morris .............35.050 4/23/60 :I,Sr,2.0010299 Price, Ellen G, ....,..Frisenthal .........23.350 4/17/60 1,915.5610:400 Ramsey, Eileen O'C. ..Substitute .. ..26.450 2/14/60 1,619.04
6314 Rueben, Helen M. ....Lant: Tech. High....36.500 1/ 9/60 4,061.04
]0308 Sloan. Helen M. ......Speech Corr. .. ..43.300 5/28/GO 4,819.6810309 Thompson, Leola C. ..McCosh ....... . .27.670 5/30/GO 1,647.0010303 Whyte, Dorothy C. ....Scanlan ...... ....23.2SS 4/23/60 1,208.5010304 -Wilson, I,ester N. ... . DuS:ible High .33.300 4/29/60 3,411.1210302 Walker, Margaret F. ..Taft High ... ...42.500 4/23/60 4,451.76
(On Clertion of a ri'%·craionni·1/ 1)enRion for u alirrir(n-, in the tim fillnt of $1.800.01) 1)(·r 11('(tr.
11 '-8 . IVall, ci·' 8 retirement ric , 1810 , 1 of S . ~ , 750 . 5 5 vcr m' ar 1,-{18 1 ·edlic ·cit t ,i thr Nk Rliown
above.)
Compulsory Service Retirement Pensions
10286 Baugliess, Cordelia P..Prescott ............39.150 1/30/60 4,222.08•1(12</3 Howell, Lillian W. ··· Mark Sheri(lan .....44.250 4/23/60 4,887.12•10294 Kaiser, C. Glenn .....1.nne Tech. High....41.000 1/ 9/60 4,612.92•10295 Kukowski, Della V. . -Funston 28.400 1/30/60 2993.64•1 11:,(16 Pointer, Ethel G. .....Irving . ·27.700 4/23/GO 2.979.GO•1()307 Ryan, Mary F. .......Schurz IIIgh ........ 25.,1/)0 1/30/60 2 740.32•10301 ITPP, Charlotte Parker High ....... 43.550 3/19/GO 4.800.36*Emeritia tenc:her retti ·f·,1 coter re- emplowment on u tempurtlrli b cHi .'1 .
Disability Retirement Pensions
D-490 Eastland. Georgene S..Revere 32.050 3/26/60 3,475.92D-491 Sattler. Lillian I.....Calumet High ......32.800 11/ 1/59 3,458.28D-492 Zlatnik, IIarold ...... Englewood High ... .26.700 3/12/GO 2,402.6.1
Surritors' Pentions
SA-33 Borchardt, Vera May 36.000 4/16/60 1,280.04(„Wid,HO of Hclirt, (1. 1101-(·licirdt, pr¥iRioncr)
ST-49 Kim), Merle 23.800 5/28/GO 3,300.00(1Vidoll) 01 1,#mmon L. Kipp, t€(t<'her)
Tuile 1 7 509 1960
Pensions ( cf), 2 tintled )
Summary of Pensions GrantedOption:11 servie,· retirement pensions.........20C{,1111)1112,13' servic·e retirement pensions...... iDi:.ibility Dell:ions
4SUVViVerS' pen>NOnS .......................... -
011 motion by 1\Irs. Green, seconded by Mr. Murray, the recommendation ofthe committee was approved and the service and disability retirement pensionsand survivors' pensions, listed above, were granted by the following roll-callvote:
Ayes-i\Ir. Meierdierks, Mrs. Green, 1\Irs. Light, Miss 1\I(Vey, Mr. Murray,Mr. Petrie, Miss Smith, Dr. Lally-8. Nays-None.
Appointment of PhysiciansApplication for disability pension was submitted with the recommendationthat physicians be appointed for the examination of the applicant.
On motion by Mrs. Green, seconded by Mr. Murray, the appointment of thephysicians, listed below, was authorized.
To examine Augusta W. Schisler:Richard O. Flynn, M.D.,26 E. Sth St., Tempe, Arizona.Thomas J. Hughes, 1\I.D.,26 E. Sth St., Tempe, Arizona.William G. Payne, M.D.,106 W. 5th St., Tempe„ Arizona.
Revision in Rate of PensionThe Committee on Annuities and Credentials reported that on May 25, 1960the Board of Education amended a report adopted on March 23, 1960 bychanging the resignation date of Gilbert L. Stadtler of Austin High Schoolfrom March 3, 1960 to November 4, 1959.
In accordance therewith, the committee recommended (1) that Air. Stadtler'spension be made effective as of November 14, 1959 (the last day of theBoard of Education payroll period for which service credit was established) ;(2) that the rate of his pension be reduced from $2,555.76 to $2,526.48 peryear; (3) that adjustments be authorized for pension payments made priorto this date; and (4) that the records of the Fund be revised to reflect thesecorrections.
On motion by Mrs. Green, seconded by Mr. Murray, the recommendations ofthe committee were approved and the above-described revision in rate ofpension was duly authorized by the following roll-call vote:
Ayes-Mr. Meierdierks, Mrs. Green, i\Irs. Light, Miss MeVey, Mr. Murray,Mr. Petrie, Miss Smith, Dr. Lally-8. Nays-None.
lutic 17 510 1960
Cancellation of PensionThe Committee on Annuities and Creclentials reporteel that the followingservice retirement pensioner has been re-employed as a teacher by the ChicagoBoard of Education. Therefore, pursuant to the law, the comniittee reeom-mended that the pension of the person, hereinafter listed, be cancelled as ofthe etrective clate of re-employment.
79·,ie „ r 111, 1 e i, f UnkInme 1.'·zili.,i 1.C•,1.i„" 1 te-'· 1.1,1 ..·t.{1
Selll,·, Florence I). .Service $2,693.52 5/31/60
On motion by Mrs. Green, seconded by Mr. Murray, and by the followingroll-call vote, pension for the pei'son listed above was ordered cancelled onthe date indicatted. Aves-Mr. Meierclierks, Mrs. Green, Mrs. Light, MissMeT'ey, Mr. Murray, Mr. Petrie, Miss Smith, Dr. Lally-8. Nays-None.
Outside Time and Military ServiceThe Committee on Annuities and Credentials reI,orted that affidavits, or otherevidence, attesting to or certifying (1) service in the public schools of theseveral states or in schools operated by or zinder the auspices of the UnitedStates outside of the City of Chicago; (2) time spent in the n,ilitary serviceof the United States during the pension period ; (3) service as a playgroundor recreational instructor for the City of Chicago or the Chicago Park Dis*-trict; and (,1) employment by the Chicago Board of Education as a schoolclerk are hereby presented for the pei·sons hereinafter listed with the recom-mendation that they he approved ; provided tliat in the case of outside teachingservice no more than 10 ye:irs be credited and also that the last five years andthree-fifths of the term of service for which an annuity is granted shall be inthe public schools of the city.
X Zint e %(·llc)(,1 Meri·ice Yel~//Annim<. M:try ........ ..S U 1),tititte ........Te:whing Set·Vic·e ... . 2.000Atkinson. (;ussie S. ....... .Lin(]blom High ......P,·:whiric 8,·rvic'e ... . 7.500i:uller, Thomas V. ..... ..Oakland ............. IN·aching Service ... . 1.550Callen, I-'auline........ .Lincibloin High .......Pla>·gro.zincl In,Mtr.. .. 8.650('t·puder, Mal·gart M. ...Elem. Speech. Corr.... Teaching Service ... . 1.000i':conoman, Const:intine ....Americ:inization ..... t'eachine Kerrice ......·1.·185(;el·win, Dorothy G. ........Hyde Park High .....School Clerk .......... 2.SOOHaa:, Car·lton D, .........·Bas: .................M ilit:ir>· Service . . 3.125flamiltrin, Otis F. ....... .IIarrison High .......Military Service - 1.000li„b·c,nih, Corinne ..........Substitute .... .....'re:whing Sl·vice ... . 2.000Knlk, Herbert C. ..........Wilson Er. Jr. ('01. ...Militar,v Service ... . 4.17511,·C':Inll, 1'.liz:ihi·th 11. ...Itilil):ink ....... ·:tching >44·1·vier ... .1!175MeGovern. I.)oroth, Ann....Chicago 'I'p:l. C'(,1. .....T~·:1(.hing Service...... 1 000Mi,t·:ran, 01:11:clini· II. .......11:iymoncl ..........7,·:whinir S•,1·vic·c' ...... 1.000Novak, .4,><,·ph (2. .....,....Url.i;rht /;I. Ji. C(,1. ..1:i·(·1·,·:itional Ilistr. . 4.7009'!51·i,•n, M:try Ali)11:1 .......,11:irper High .........Te:whinir Sprric·e ......1.000H, htiltz, Ch:li·14·4 H. ,. ..... ',ri·ight Bi·. JI·. Cul... .Te:ic·liintr Hervice... . 2.,)00Mn,·ilintr, Helr·li t:. .....,...Substitute ...........Trachins Service ... . 9.500Scillicitn. C,·1,·stinc· M. ......Cc,„ler ...............School Clerk ......... 3.4(mTrainor, Elizal,rth V.......Frillon ....···········Teaching Service .- 4.525Tremko, Mich:lel ...........Clf,reland . ........Traching S,·1·vier ... . 1.000Torreyson, IIanier C........Lanc. Tech. I-fi'trh.....Te:iellin.ir H, rvice... . 0.075
On motion by Mrs. Green, seconded by Mr. Murray, the outside time andmilitary service for the persom~ listed were apl,roved by the following roll-call vote: Aves-Mr. Meierdierks, Mi·s. Green, Mrs. Light. Miss MeVey, Mr.Murray, Mr. Petrie, Miss Smith, Dr. Lally-8. Nays-None.
Jittic 17 5ll 1960
REPORT OF COMMITTEE ON PENSION LAW AND RULES
Adopt By-Laws and RulesThe Committee on Pension Law and Rules presented hy-laws and rules de-signed to give eiTect to the changes in the pension law which were enactedduring recent years and also to implement the revisions in administrativepolicies of the trustees. The committee reported that these revisions wereprepared on advice of the Ii'und's attorney and actuary and were recom-mended hy the committee. Accorclingly, it was proposed that the followingby-1:~ws and rules be adopted iii lieu of all rules and hy-laws iii force hereto-fore :ind that they beconie effective at the close of this meeting.
BY-LAWS AND RULESOF THE
BOARD OF TRUSTEESIn accordance with Section 34-94 of the School Code governing the PublicSchool Teachers' Pension and Retirement Fund of Chicago which provides thatthe board of trustees shall "adopt sucll by-laws and rules for the administra-lion of the fund as it deems advisable", the Board of Trustees of the PublicSchool Teachers' Pension :ind Retirement Fund of Chicago does hereby resolveanci cleclare effective, as of the date hereof, the following by-laws and rules toimplement the provisions of the law for the efrective operation of the saidFund.
BY-LAWSArticle 1. OFFICES OF THE BOARD
Section 1. General Office. The general off.ce of the Board shall be maintainedin conjunction with the offices of the Chicago Board of Education. At suchoffice, all acco:ints, records, files, books, reports, correspondence and otherdata or documents relating to the operations of the Fund shall be kept and alladministrative matters shall be processed under the direction and authorityof thi, Executive Secretary assisted by adequate administrative personnel.
Article 2. MEETINGS
Section 1. Regular Meetings. Regular meeting,· of the Board shall he held onthe :ird Friday of the montlis of Sel,tember, November, J:inuary, Fel,ruary,Api·il and Julie of each year.
Section 2. Special Meetings. Special meetings may he called at any time bythe President of the Board or by any three trustees. Written notice shall begiven to each trustee of the time and place of each special meeting at least fve(5) days previous to the date of such meeting. Such notice need not contain iii-forniation as to the subject matter for consideration at such meeting. Anybusiness of whatever nature may be taken up and disposed of at any specialmeeting.
Junc 17 512 1960
By- Laws c rontinlird )
Section 3. Place and Hour of Meetings. Meetings of the Board shall be held at· 228 North LaSalle Street, Chicago, Illinois at an hour fixed by the President
or by the three trustees calling the special meeting.
Section 4. Annual Meeting. In November of each year there shall be held anannual meeting for the purpose of organizing the Board, electing officers, andappointing committees for the ensuing year.
Section 5. Quorum. A majority of the trustees shall constitute a quorum forthe transaction of business at any meeting.
Section 6. Meetings Open to Public. All meetings of the Board shall be opento the public.
Section 7. Order of Business. The following order shall govern the transactiono f business at any regular or special meeting:
1. Roll Call2. Minutes of Previous Meeting3. Communications4. Reports of Committees on Finance, Claims & Service
Credits, Pension Law & Rules5. Report of the President6. Report of Financial Secretary7. Report of Executive Secretary8. Reports of the Actuary, Attorney and other Consultants9. Report of Investment Advisor
10. Unfinished Business11. New Business12. Adjournment
Any motion or resolution may be introduced and considered out of the regularorder of business by consent of a majority vote of the members present at anyregular or special meeting.
Section 8. Voting. Each trustee shall have one vote on any question comingbefore the Board at any regular or special meeting at which he is in attendance.Concurring votes by a majority of the trustees present at the meeting shall benecessary for the adoption of any resolution or action by the Board.
Section 9. Roll Calls. On all motions or resolutions involving an expenditureof moneys or the creation of a liability for the Fund, the vote of each trusteepresent shall be recorded in the minutes of the meeting. On any other motionor resolution, such a record shall be made at the request of any memberpresent.
Section 10. Reconsideration. No motion for a reconsideration of any vote shallbe considered unless such motion shall be made at the meeting at which the
June 17 513 1960
By-Laws ( ~ ·, ~ittin ,led )
vote sought to be reconsidered shall have been taken, or at the next regularmeeting thereafter. Upon the request of any two members of the Board whoshall have voted with the prevailing side upon any matter, a motion made atthe same nieeting to reconsider the vote thereon, or a notice given at the samemeeting of an intention to move at the next regular meeting a reconsiderationof such vote, shall, unless sooner disposed of, suspend the operation of theoriginal vote until the close of the next regular meeting.
Section 11. Reports Deferred. Upon the request of any two members of theBoard, the consideration of any report presented by any committee shall bedeferred for one meeting, and a copy of the report of the committee shall besent to each member of the Board.
Section 12. Record of Proceedings. The Board shall keep a full record of all itsproceedings in which shall be recorded all transactions. At least one weekbefore the date of the next meeting, the Secretary shall supply each trusteewith a copy of the minutes of the last meeting.
Article 3. OFFICERS AND THEIR DUTIES
Section 1. Elective Officers. The following oficers shall be elected by theBoard: President, Vice-President, Recording Secretary and Financial Secretary.
Section 2. President. The President shall be the chief executive omcer of theBoard; shall preside at all meetings; announce the business before the Board;announce the question under consideration and the result of the vote taken;request a roll call upon any action or resolution as herein provided. He shallappoint all necessary committees of which he shall be an ex officio member, andsee that they perform their assigned duties. He and the Executive Secretaryshall sign all contracts and agreements upon authorization of the Board. Heshall exercise a general supervision over the operations of the Fund.
Section 3. Vice-President. The Vice-President shall act as Chairman at anyregular or special meeting in the absence of the President, and shall act in thePresident's stead in the event of disability of the President.
Section 4. Recording Secretary. The Recording Secretary shall record the pro-ceedings of each meeting of the Board and shall see that copies thereof aremade available to the trustees as herein provided. He shall give proper andtimely notice of all meetings of the Board. He shall authenticate with hissignature any resolutions of the Board and shall perform such other duties asmay be assigned by the Board.
Section 5. Financial Secretary. The Financial Secretary shall cause to be pre-pared periodic reports, as requested by the Board, concerning receipts and ex-
, . penditures by the Fund and make the same available to the trustees at meet-ings of the Board as required. He shall perform such other duties as may beassigned by the Board.
June 1; 514 1960
By-Laws r ,·f, iltiliticd)
Article 4. COMMITTEES
Section 1. Standing Committees. There shall be three stancling committees ofthe Board, namely, Committee on Fin:mee, Committee on Claims ami ServiceCredits and Committee on Pension Law and Rules. Each committee shall con-sist off all members of the Board and the Chairman shall be elected by themembers at each annual meeting immediately following the election of officers.The Executive Secretary shall serve as Secretary of each conimittee.The Committee on Finance shall audit from time to time the contingent ex-penditures account and submit a report thereof to the Board. The Committeeshall perform such other duties as may be assigned by the Board.The Committee on Claims and Service Credits shall reconimend action by theBoard on applications for pensions, benefits and refunds ; shall advise theExecutive Secretary on any questions relative thereto; shall examine dataevidencing claims for service credits and make appropriate recommenciationsconcerning the same; shall pei·form such other duties as may be required orassigned by the Board.The Committee on Pension Law and Rules shall receive from the ExecutiveSecretary any suggestions or recommenciations for changes in the pension lawof a clarifying administrative or corrective character. It shall also considerproposals for amendatory legislation affecting the substantive provisions of thepension law. The Committee shall mal:e recommendations to the Board relativeto changes or revisions in the pension law, and changes in the by-laws andrules of the Board.Meetings of committees shall he held immediately prior to each regular meet-ing of the Board.
In any cafe in which a report of a committee involves an expenditure of funds,the Executive Secretary shall mail to each member of the Board, at leastthree days prior to the date of the Board meeting, a report on such expenditure.
Section 2. Committee on Investments. A special Committee on Investmentsshall be created and maintained by the Board. It shall consist of three mem-hers, namely, the President of the Board of Trustees, a ti·ustee elected to theBoard by the Board of Ediwation ami a trustee elected to the Board by theteachers. The latter two members shall be elected by the Board at each annualmeeting. The Executive Secretary shall serve as Secretary of the Committee.The duties of this Committee shall be to receive the advice: and recommenda-tions of the Investment Advisor, to evaluate it in the light of the establishedpolicy of the Board and to lecommend to the Board the purchase and sale ofsecurities.
Article 5. ADMINISTRATIVE OFFICER,CONSULTANTS AND SPECIAL SERVICES
Section 1. Executive Secretary. The Executive Secretary shall he in charge ofthe dotailed afrairs of tiR, Phmd and shall be the chief administrator thereof.
Ttitic 17 5 I 5 1960
By- Laws c (·„nt i)IN ,·,1 )
Such oflicer may be appointed by written contract which may fix the term ofemployment :ind compensation,The Executive Secretary shall perform the following duties and any otherduties adigned hy the Board which may he requil·ed for the proper operation ofthe Fund; (a) receipt parments made to the Fund, when required, and causesuch payments to be deposited with the City Treasurer for the account of theFund; (11) sign vouchers and checks for the payment of moneys by the Fund inaccorclance with authorization of the Board; (c) answer all correspondencehearing upon the rights and benefits of the contributors ; (d) present to theBoard for approval all bills for administralive expenses, and applications forannuities, benefits and refunds, and compile such information relative ttheretoas may he required ; (e) render such assistance to the committees of the Boardas may be necessary in the discharge of their duties; (f) compile informationon investments for presentation to the Board; (g) keep all records, hooks, files,pal)ers ancl documents belonging to the Board other than those iii the posses-sion or under tile control of the City Treasurer.The Executive Secretary shall direct and supervise the effectuation of the pro-visions of the pension law, and perform such other duties as are provided byrules, 01'del·s or resolutions of the Board.Section 2. Attorney. The Attorney shall hare charge of all litigation to whichthe B(mi·d may be a party; shall draw all legal insti·unients required by theBoard for the proper transaction of business and render opinions on ill ques-tiotls referred to him by the Board; shan pass upon and submit recommenda-lions relative to claints; of heirs or beneficiaries of deceased employees or pen-sioners, as required, and perforni such other duties as the Board by resolutionmay direct.Section 3. Actuary. The Actuary shall be the technical advisor to the Boardand shall supply any information relating to the technical operations of theFund. He shall prepare mortality, interest and other required tables to beused by the Fund. He shall assist in the preparation of the annual report oftthe Board and shall make an annual valuation of liabilities and reserves andperiodic studies of the operating experience of the Fund. He shall performsuch other duties as may be assigned by the Board.Section 4. Investment Advisor. The Investment Advisor shall be the counselorto the Board on all nmtters pertaining to the purchase :ind Sale , 11' securities.lie sh:ill recommend from time to time suit:11)1(! securities for investment with-in the limitations of the law; shall counsel with the Board whenever advisablewith respect to policy governing investinents: and from time to time as re.quired or in accordance with directives of the Boat'd shall sul)mit reports con-cerning the opei·ation of the investment account.Section 5. Auditor. The Auditor shall be employed by the Board for the pur-pose of auditing and examining the books of account ami supporting records,iii order to verify the income and expenditures of the Fund and to establish theassets and liabilities as of the close of each fiscal year. The Auditor to beemployeel sh:1111,0 a certified public accountant.
June 17 516 1960
RULES
Article 1. REPORTS BY BOARD OF TRUSTEES
Section 1. Publication of Proceedings. The report of Proceedings of all meet-ings of the Board of Trustees shall be printed and made available to teachersand to other interested persons and organizations. Such proceedings shall con-tain an account of all business transacted and reports submitted. Upon ap-proval by the Board of Trustees, such report shall be regarded as official.
Section 2. Fiscal Reporting. An annual report shall be made as of the close ofevery fiscal year. The fiscal year shall date from September 1st of one yearthrough August 31st of the year next following. The report shall contain,among other things, a report by the Actuary on the financial status of theFund, a report on an audit of the Fund including financial statements certifiedby a certified public accountant, and other pertinent financial and statisticalinformation relating to the operations of the Fund. Such report shall beprinted and made available to teachers, pensioners and other interested personsand organizations.
Article 2. CONTINGENT EXPENDITURES-PURCHASE OF CORPORATE SECURITIES
Section 1. Contingent Expenditures. An imprest account for contingent expend-itures in an amount of $5,000.00 shall be maintained in the name of the Fund.Checks on this account shall be drawn and signed by the Executive Secretary,or by such other person as the Board of Trustees may designate from time totime by appropriate resolution. Before reimbursements thereto are authorized,the Committee on Finance shall audit the account. Thereupon the Board shallauthorize and confirm the expenditures, which shall be construed to meancurrent office operating expenses.
Section 2. Corporate Securities. In addition to the statutory limitations appli-cable to the purchase of corporate securities for the Fund, the Board of Trus-tees shall require that all such securities bear a rating of "A" or better byat least two nationally known security rating concerns.
Section 3. Illinois Municipal Bonds - (General Obligations). The conditions togovern the purchase of these bon(ls, among other requirements, shall conformto the following standards: (1) the minimum population, according to the lastomcial federal census, shall be not less than 1,000; (2) the assessed valuationbased on the latest available data shall be not less than $2,000,000; (3) thedirect and overlapping bonded debt, as a proportion of the assessed valuation,shall not exceed 12%; and (4) the political subdivision issuing bonds shallhave been in effect at least seven years at the date of purchase.
Section 4. Illinois Municipal Bonds - (Revenue Bonds). Among other require-
ments, these bonds shall conform to the following standards: (1) the purposeof the bonds shall bo for water, sewer or electric light services, garbage collec-
111 1, 1 7 31; 1960
Rules ( 4 ·,),itii:/ tri / 3
tion, drainage district: (2) the assessed r:1111:ition of the issuing municipalitysh:,11 he not less th:in $5.(10(1,000: and (3) the rates to be nmintained hy themunicipality for the services covered by tlie bonds shall be sutlieient to provideat least 112 tinws the interest and principal requirements.
Article 3. BASIC RECORDS AND ACCOUNTS
Section 1. Membership Records. Everr colitrit,litor shall be required to executea membership rei:£,rci and other documents with re:Dect to his date and 1)lateof birth, age. periods of credital,le service, beneficiary, and any other suchcharacteristics as may he necessary for the effective operation of the Fund.Section 2. Claims Records. Claims rereived hy the Board for annuities. benefitsancl refunds shall he properly recorcled with respect to type of claim, dates ofconsideration and disposition in· the Board, amounts paid, and other factsniaterial to the disposition of the claim.Section 3. Individual Accounts. A sep:irate account sh:ill he established andmaintained for each contributor, showing the amounts of contributions andother pertinent data in stich form as shall be specified hy the Actuary as beingnecessary for a complete account of such contributions and for required calcu-lations and valuations.
Section 4. General Books of Account. Books of account that will reflect accu-rately the income of the Fund from :711 sources, its disbursements for author-ized purposes, investnients and other financial factors, shall be established andmaintailied m accordance with recognized and niodern accounting standardsand techiliques in order to give full efrect to the requirements of the Actgoverning the Fund.Section 5. Statistics. Such other records as Will provide the statistical datarequired for the annual actuarial valuations and periodic actuarial studiesand make available information for periodic analyses of the operating resultsof the Fund shall be maintained.
Article 4. FILING OF CLAIMS
Section 1. Superannuation Retirement. Any contributor claiming a retirementPension shall file an application therefor in the form prescribed by the Board.This application, together with the membership record, a verified report ofall service credits claimed by the applicant, and such other information as mayhave been compiled by the Fund during the membership of the contributor orsubmitted by the applicant, shall constitute the complete record on the appli-cant, forming the basis for allowance of the retirement pension.Section 2. Disability Retirement. Any contributor claiming a disability retire-ment pension shall file an application therefor in the form prescribed by theBoard. Every application for disability pension shall be accompanied by areport or reports of the attending physicians showing, among other things, thedate: and place of the first examination, the cause and nature of the disability,
June 17 518 1960
Rules (Continited )
information regarding surgical work or lahoratory tests, the date of last ex-amination, a prognosis regarding the memher'S disability, and an analysis of
the disability as it bears on the member'K cal,acity for tenching service. Thivapplication together with the written recommendations of thi·ee physiciansappointed by the Board, the membership record, a verified report on all servicecredits claimed hy the applicant, ancl such other information ns may have beencompiled by the Fund during the membershil) of the contributor shall con-stitute the complete record on the applicant, forming the 1)asis for allowanceof the disability retirement pension.
Reports of physicians appointed by the Board shall describe the origin andhistory of the disability, the prognosis, such other information as the physi-cian may deem pertinent and shall contain the opinion of the physician inthese exact words:
"It is Mll opinion th(it the cipplicant for discibilitiu pensimi, 11ctmedabove is slifferi,ig from. a disabilitil irhich wholly and pres}(712(iblupermcinently inectpacitates her (or him) for teaching."
The applicant for disability pension shall he examined by the physicians aspromptly as possible following the notification of such appointment. The ex-pense of these examinations shall be paid by the Fund.
It is the policy of the Board that claims for disability retirement must befully and completely Fi·oved and castablished by or on behalf of the applicantfor disability benefits. If it is clisclosed hy modical examination and investi-gation that the claimant for a disability retirement pension can be gainfullyemployed in a teaching position, he shall not receive any disability benefits.
Section 3. Medical Examinations. Wherever possible, the periodic examinations
of the disability pensioner, as prescribed in the law, shall be made hy a physi-cian appointed by the Board at the time of application for pension. Exceptas otherwise provided in the law, the frequency of such examinations and theirscope shall be governed by the individual circumstances ancl the specific con-ditions of each ease. Investigating services may, at the discretion of theBoard, be employed from time to time to determine the employment Capacitymid condition of the pensicmer. The expetise of these examinationK :ind investi-
gating services shall he paid hy the Fund.
Section 4. Refunds. Any contril,uic,r or beneficiary thereof eligil,le to receive
a refund of contributions shall, if he so elects, mal:e a written request thereforupon a form prescribed by the Board. A request for such refund shall not beconsidered vali(1 unless the termination of employment of the participant ispresumably permanent.
Section 5. Death Benefits. A contributor may designate a beneficiary or bene-
ficiaries to receive the death benefits provicled hy the Fund, and may dos<ig-nato a contingent beneficiary or holieficiarics to receive such benefits in theevent of the death of the primary boileficiary 01' beneficiaries pi·ioi· to the death
liti,e 17 519 1960
Rules ( continued )
of the contributor. If no special designation is niacle, the heirs or estate ofthe conti·ibutor, :is the case may be, sliall receive the benefit. Any personclaiming a benefit on account of the death of a contributor shall file with theIloard a written application therefor. on a form pre:<cribed hy the Board.In all such cases, the application shall he :weompanied hy a certified copy ofthe Death Certificate, other public record of such death. or a physician's cer-tificate. Where an inquest iv held, the Board shall require a certified copy ofthe record of such inquest. Any person or pei·sons applying for a death benefitshall, when requested hy the Board, furnish such proof of identification orheirship as the Board may require.
Article 5. MEMBERSHIP AND SERVICE CREDITS
Section 1. Effective Date of Membership. The date of membership in the Fundfor ench teacher apl)oilited hy the Board of Education to a position as a mom-ber of the teaching force shall he the effective clate of such appointment asshown in the oflicial proceedings of the Board of Education. In the event ofre-employment of such teacher :ifter resignation or retirement, the date ofsuch first appointment shall be retained as the date of membership iii theFund.
In the absence of an effective date of omplornient in the oflicial proceeding oftlie Board of Education. the date of member·ship in the Fund for a teacheremployed in a tomi)ovary cal):wity shall be the fii·st payroll day for whichdeductions were made by the Board of Education.
Section 2. Method of Recording Service Credits. The unit of measure for re-cording service credits on the books ami records of the Fund shall be one year,comprising 10 or more months of service during the period from Septemberthrough August of each year. For recording a fractional year of service eachmonth shall be deemed to consist of 20 clays and shall be recorcled as 1/10 ofa year. Each additional day shall be recorcled as .05 of a month.
Section 3. Optionally Creditable Outside Service. Each full year of creclitablespi·vice rendered other than in the Chicago Ptil,lic Schools shall br computedon the basis of the employer's certification re:r:11·cling the nunil,er of monthsconstituting n year of employment, 1,111 each fractional year of employmenttotalling less then 10 months shall be credited in such proportion as the timeemployeel bears to 10 months, and each year of employment totalling 10 monthsor niore shall be credited as 10 months.
Section 4. Optionally Creditable Chicago Service. In establishing pension creditfor service prior to September 1955 in the Chicago Public Schools as a sub-stitute, temporary, or evening school teacher, 180 (lays shall constitute a schoolyear; provided that employment for two evenings sh:ill constitute one day'scredit for such service.
June 17 520 1960
Rules (,·f),ltilll, r ,1 ,
Article 6. CONTRIBUTION CREDITS AND PAYMENTS
Section 1. Application of Salary Ceiling. The legal salary ceiling of $15,000
per year shall be pro-rated on a semi-monthly or bi-weekly basis, whicheverthe case may be, according to the yearly work schedule for each position asdefined by the Board of Education. This proportionate limitation shall be thebasis for determining all contributions and pension computations. Any semi-monthly or bi-weekly earnings over such propoi·tional salary ceiling shall bedisregarded for these purposes.
Section 2. Installment Payments. Teachers may make installment paymentsfor their indebtedness to the Fund, provided that, in the case of lion-interestbearing items, payments must be made for the full amount or in installmentsof not less than $50.00
Section 3. Small Deficiencies or Credits. No hills or refunds shall be issued toteachers having deficiencies or credits amounting to less than $1.00. Suchamounts shall be carried in the teachers' accounts for adjustment at an ap-propriate time or when claim for a benefit is considered.
Article 7. RULES GOVERNING PENSIONERS
Section 1. Pensioners Returning to Service. Pensioners returning to service
under the provisions of Section 34-106 and who, on subsequent retirement,were subject to but did not acquire the necessary three yeai·s' contributingservice, (1) are entitled to pensions at rates in force at the date of their pre-vious retirements plus additional credit for current service (not to exceed thelegal maximum in force at the time of their previous retirements) and moneycontributed after their re-employment; (2) are not subject to the paymentof any deficiency established by law after the previous dates of retirement,and (3) are not entitled to count service which was not creditable pensiontime under the law in force at the time of their previous retirement. Theyare entitled to the annual increase in base pension provided by Section 34-106.01, upon compliance with the terms of that Section.
Section 2. Suspension of Payments. Any pensioner may have his pension sus-
pended upon written application, provided however, that the Fund shall not
be liable for any pension or benefit for such period of time while such pensionremains suspended.
Section 3. Power of Attorney. Any pensioner receiving a pension through pay-
ment to his attorney-in-fact acting under a power of attorney, shall notifythe Board of Trustees in writing each year that such power of attorney is infull force and effect. In default of such notice, pension payments to the attor-
ney-in-fact shall cease until such notice is received. On receipt of such noticethereafter, pension payments to the attorney-in-fact will be resumed from thedate of the last payment.
lutic 17 521 1960
Rules (,ponti,turd)Section 4. Incompetency. Any legally appointed conservator or guardian re-ceiving pension payments for an annuitant adjudged incompetent shall fur-nish a court certificate each year stating that the appointment is in force andeffect. In default of such notice, pension payments shall cease until such cer-tificate is received ; provided that upon receipt of such notice thereafter, pen-sion payments will be resumed from the date of the last payment.
Section 5. When Pensioner Presumed Deceased. Whenever any pensioner hasbeen so out of communication with the Fund that the fact of his being alivecannot be ascertained, he will be presumed to be dead, and the Board of Trus-tees by appropriate action shall so declare and shall order the pensioner's namestricken from the list of those receiving pensions. Thereupon, no further pen-sion payments shall be macie on account of the pensioner until this presump-tion of death shall be removed 1)y proof that he is alive. Pension paymentswill then be resumed from the date of the last payment and his name will berestored to the list.
Article 8. ELECTION OF TRUSTEES -JUDGES OF ELECTION -CANVASSING BOARD- DUTIES OF OFFICIALS
section 1. Notice of Election. Not later than Saturday of the fourth weekpreceding the date fixed by law for the election of trustees, there shall bemailed to the judges of election in each school or voting unit, a notice of theelection stating the date and place of said election.
section 2. Polling Place. A polling place shall be located in each school orbranch having six or more teachers and also within the Board of Educationomces. Arrangements therefor shall be made by the respective judges ofelection.
The polls shall be open in each school on the day of election at such time asthe teachers in each such polling place shall by majority vote decide, and shallremain open during the school day for whatever period of time is necessary.
section 3. Voting by Mail. Any teacher desiring to vote by mail shall applyto the office of the Board of Trustees for ,such ballot. Application thereformay be by mail or in person, but must be postmarked not later than ten (10)days preceding the date of the election. The nanie of such applicant shall bestricken from the registration sheet for his polling place and shall be addedto a list of persons desiring to vote by mail. The ballot must be returned bymail, and must be received at the ofice not later than the day immediatelypreceding the election. It must be enclosed in a sealed envelope marked"BALLOT", which sealed envelope together with a form bearing the voter'ssignature and the name and address of his regular polling place shall beenclosed in an envelope addressed to the office of the Board of Trustees, post-age prepaid.
tune 17 522 1960
Rules (cont,nued)
Section 4. Form of Ballot. For each ssuch election of trustees printed Austra-lian ballots shall be used. Both oilicial :ind :pecimen ballots shall be authen-ticated with the facsimile signature of the Recol·cling Secretary of the Boal·clof Trustees endorsed thereon. Oilicial ballots shall be printed on while paperand specimen ballots on colored paper.
The names of candidates entitled to be placed on the ballots shall he groupedso that all candidates for an otlice of the same term shall be in one groill), andthe names within each group shall be rotated so that each name shall appearin each position within the group, so far as possible, on an equal number ofballots.
Section 5. Judges of Election. Not later than the last Friday in September,there shall be elected for a term of two years, hy secret ballot hy and fromthe teachers in each school, and in the oflices of the Board of Eclucation, threejudges of election for that school or voting unit, provided that:
a. Schools in odd-numbered districts of the Board of Education and acl-ministrative oilices of the Board of Education, shall hol(1 such an elec-tion for Judges of Election in odd-numbered years, and schools ineven-numbered districts of the Board of Education shall hold suchelection in even-numbered years.
b. A credent.ial, signed by the chairman and secretary of the meeting heldto elect said judges ancl certifying the names of pei·solis so elected,shall be mailed in-,mediately to the Recording Socretary of tile Boardof Trustees.
c. Any election judge who severs his connections with the school or votingunit which he represents shall thereby terminate his oflice as judge ofelection, and the teachers in that school or voting unit shall imnie-diately fill the vacancy and notify the Recording Secretary of the Boardof Trustees of said action.The judge who receives a plurality of the votes cast for tthat ofricealso shall serve as the representative of the Fund. In the event of atie vote the Fund's representative shall be chosen from among thenewly-elected judges by lot.
Section 6. Canvassing Board. Not, later than Friclay of the third week preced-ing the date fixed by law for the election, the Board of Trustees shall chooseby lot members of the canvassi n ir board for terms of two years from thejudges of election in each school group, as follows:
a. The school districts as listed and numbeled by the Board of Educationare the districts referred to in this hy-law.
b. In odd-numbered years three judges of election shall he chosen fromeach of the odd-numhered districts and one from the administrativeoffices of the Board of Education.
c. In even-numbered years three judges of election shall he chosen fromeach of the even-numbered districts.
lune 17 523 .960
Rules (co 11. tin tiet/)d. A judge of election to be thus chosen shall have indicated a willing-
ness to serve as a member of the canvassing board.e. Membershil) on the canrassing lioard shall cease if any member leaves
the group he represents.f. Vac:incies occurring iii said membership shall be filled by the Board
of Trustees for the unexpired terms.
Section 7. Duties of Executive Secretary. To insure the orderly conduct of elec-tions, the F.xecutive Secretary is chargod with the following duties:
a. For the information of teachers, notices of election of judges and ofmeinbel·s of the Board of Trustees shall be sent to all schools.
b. Immediately iii)on receipt of each petition, the teacher whose Maniehas been presented therein as a candidate shall be notified that suchpetition has heen filed and his name will appear on the ballot unlesshe shall notify the Executive Secretary not later than ten days beforethe election of the withcli·awal of his name as a candidate, and unlessthe canvassing board finds his petition ilisufliciont.
c. Not later than eight days prior to the election, there shall be mailedto each school or voting unit not less than one specimen ballot foreach teacher.d. As soon as possible after the receipt of a proper application for aballot to be cast by mail, such ballot shall be delivered to the canvass-ing board.e. Not latter than two days hofore the election the judges of election shallbe provided with the following election materials:
(1 ) Two registration sheets containing a list of teachers entitled toVote.
(2) The ballot box.(3) Blank certificates for the report to the canvassing board.(4) Letter of instruction.(5) Securely sealed envelope containing official ballots.
f. On receiving results of election froni the canvassing board, a writtennotice thereof :41:111 be mailed to eaeli eniiclidate and a printed noticeto each teach(,1·.g. The Executive Secretary, or such other person as the Board of Trus-toes may designate, shall pei·form all chities pertaining to the electionnot otherwise assigned by law or by the rules.
Section 8. Duties of Judges of Election. The judges of election are chargedwith the following duties:a. Dill·i nK the year the judge serving as representative of the Fund shalldistribute to the teachers in his school or administrative office (which-ever the case may be) ill proceedings, reports, bulletins or other ma-terials issued hy the Board of Trustees.
June 17 524 1960
Rules (contint,cd,i
b. The judges shall conduct the election of trustees. In the event a judgeof election is unable to serve on election day, the other judges shallappoint a replacement judge from among the teachers at the sameschool or voting unit. Then the judges shall proceed as follows:
(1) Check all election supplies upon their delivery except the officialballots.
(2) Alake the following preparations immediately before declaring thepolls open:(a) Verify the names of persons listed on the registration sheets.
Any questions or irregularities should be reported imme-diately to the office of the Board of Trustees.
(b) Strike from the registration sheets the names of teachers whohave transferred or resigned. Teachers who have beengranted a sal)batical leave, sick leave or military leave ofabsence by the Board of Education are entitled to vote.
(c) Examine the official ballots and report to the pension officeany deficiency in the number.
(3) Declare the polls open.
(4) Conduct the election in the following manner:
(a) A judge shall hand each qualified voter one ballot, and theother judges shall thereution check on registration sheetsthe ,name of such person receiving a ballot; provided thatfor this purpose a person whose name does not appear onthe authorized registration sheet shall be deemed to be aqualified voter if he signs a statement to the effect that (1)he is currently a contributor to the Fund, (2) he has notvoted by mail in this election, and (3) he has not voted atany other polling place in this election.
(b) If the ballot is folded so that the facsimile signature on the
back thereof is plainly visible, a judge shall deposit themarked and folded ballot into the ballot box in the presenceof the voter and other judges.
(c) Designate any ,number of teachers to assist in seeing thatsecrecy of the ballot is maintained from the time the voterreceives the ballot, retires to mark such ballot, and until theballot is deposited in the ballot box; and that there shall beno electioneering or soliciting within fifty feet of the pollingplace during the election.
(d) Declare the polls closed.
(5) Perform the following duties after the polls are closed:
(a) Immediately seal the ballot box.
(b) Prepare and sign a statement certifying the number ofballots received and returned, and also that the election has
June 17 :25 1960
RUleS (continucd)
been conclucted in accordance with the provisions of the pen-sion law ariel by-laws.
(c) Not later than ·1:00 0'clock P.M. on the day of the election,the judge shall deliver to the canvassing board the sealedballot box, untised ballots, registration sheets and the elec-lion certificate.
Section 9. Duties of Canvassing Board. The canvassing board is charged withthe following duties:
a. On the day after that on which the time for filing petitions for can-didates for nomination expires, the canvassing board shall meet at theoffice of the Fund. It shall elect a chairman and secretary, examinethe petitions received from the Recording Secretary and certify tothe Board of Trustees the names entitled to be placed on the ballot.
b. The canvassing board shall assemble at the office of the Board ofEducation on the clay of the election to receive and count the ballotsin the following manner:( 1) Receive from judges of election at school or voting unit a sealed
ballot box, unused ballots, registration sheets and certificates ofelection. After verifying each certificate with respect to the totalnumber of ballots returned unused, the number of teachers re-poi·ted voting as related to the number on the registration sheet,and the total number of ballots received, the chairman and secre-tai·y of the canvassing board shall furnish to each of such judgesof election a receipt for the election materials and said certifica-tion.
(2) Receive from the Recording Secretary all sealed envelopes con-taining the ballots cast by mail, the voters' statements of identifi-cation, and a list of all persons who previously had indicated adesire to vote by mail.
(3) Place the ballots in a receptacle provided for that purpose to-gether with ballots from all other polling places.
(4) Proceed to count the votes on the ballots at 5 '00 P.M., or as soonthereafter as possible, provided, however, that at le:ist two-thirdsof the members of the canvassing board shall be present, and noballot boxes shall be received thereafter.(5) When the votes have been counted, the canvassing board shall
certify the results of such election to the Board of Trustees andshall deliver to the Recording Secretary securely sealed packagesof ballots counted, discarded, and unused.
Section 10. Record of Results of Election. The Board of Trustees, at its nextmeeting after the election, shall enter in its proceedings the result of saidelection and for six months after the election, the ballots and election mate-rials shall be carefully preserved. At or after the expiration of such six
June 17 526 1961)
Rules ((·(illtittli~ '(1 )
months' period, the ballots and inaterials shaH he destroyed ; provided thatsuch materials are no longer of use for any future ele(·lion ; and providedfurther that if proceeclings <hall he pending in any court iii which such ballotsor other niaterial may he required as evidence, they sh:111 not Le destroyeduntil such proceedings are finally adjudicated.
Article 9. PERSONNEL POLICIES OF THE BOARD OF TRUSTEES
Section 1. Employment of Personnel. The Executive Secretary sh:ill employall personnel for service in the oflice of the Board of Trustees, and fix theirsalaries in accordance with the preset·ilied schedule of salary rates for therespective grades established by the Board of Trustees for the administrationof the Fund.
There shall be deducted and set apart from the salary of each employee of theBoard of Trustees the sanie percentages as r.re required hy law to he deductedfrom the salaries of te:ichers employed by the Board of Eclucation. All pro-visions concerning qualification, pensions:, refunds, cleath benefits and survivors'pensions applicable by law 01· hy these rules to teachel·M employed hy the Boardof Education shall apply with equal force to employees of the Board ofTrustees.
Section 2. Tenure. Any employee eng:iged for service for the Board shall hein a probationary status for a period of 30 days, after which such employeeniay be continued as a temporary employee or dismissed from Kervice in thediscretion of the Executive Secretary. A temporary employee shall assume apermanent status after twelve months of service.
Any employee in a permanent status may he dismissed for cause by a ma-jority vote of the Board of Trustees itpon recommendation of the ExecutiveSecretary.
Section 3. Vacations. The rules or regulations of the Board of Education gov-erning vacations with pay, applical,le to its administrative and civil servicepersonnel, sh:ill govern and control t.he vacations of employees of the Board ofTrustees, including qualifying conditions and the duration of the v:,cationperiods.
Section 4. Sick Leaves. All employees shall be entitled to fifteen days sickleave with full pay in any fiscal year. Further sick leaves with or withoutpay niay he granted by the Board of Trustees upon application therefor ac-companied hy a doctor's certificate stating his opinion that the employee isphysically unable to return to work.
Section 5. Absence for Personal Business. No salary will he paid for absencesclue to personal business.
Section 6. Compulsory Retirement. Services of employees of the Board ofTrustees shall aulomatically terminate on .hine 301.h next following the attain-ment of 65,th 1,11·thday, unless such birtliclay sliall fall on June 30th 111 which
1.1.· 17 52; 1960
Rules ((.O 71(int/1.,1 )
(·rent :errices :hall terminate on that dati: prorilied that the Iii):ird of Trus-tre: hy majority vole ni:if al,Prin-e :111 exten:imi <,f service beyond such agefor period: of une year, hut in no event herond the age of 68 years.
Section 7. Positions and Salary Schedule. The 11(,siticms and the s:11:iry selied-ule in etrect for c.lerical employers of the ('hic:igo 140:Irci of ICilric·:~tion, inelud-ing the iticir:ise in r:itc'S accorclilit to length of :el·rice, Sh:~11 :il,ply wherever14)1)lical,le to 1)04tions of employers of the 190:ird of Trustees.
The 1·:xecutive Secretary sh:ill h:,re :ilithority to reeommend ch:inges in 111:we-mivit on such :ched,ile in thi, r:,se .f the Bevel·al employees of the 130:ird.
The salary :chechile for the 1(xecutive Secretary shaH he the s:une as th:it pro-vided 1,y the Hont·cl of ]Ccitication. for the classification of "Director-, whichincludes the position off Director of Teacher Persomwl. and the salary of theExecutive Scirrtary :11:111 r.,iifin·ni at :ill times to the basis pri,scrilied toi· thatciassification.
Article 10. AMENDMENTS TO BY-LAWS AND RULES
'Thi' I:y-I.:irs and Rules may he :iltered In· anwnded hy :1 111:ijority rote of allmemi,el:s of the Board of Trustres: 1)1·Q,·ided, that sucli alter:itions or :1111117(1-ments >:17:111 not he inconsistent with all provisions of law; and provided fur-ther that notice of any proposed alter:ition or anwndment shall he given eachmember of the Board of Trustees In· the Executive Secretary :it least fredays prior to the regular or 51,ecial meeting at which the anwnilment is to beconsidered.
Articlell. RULES OF ORDER
The rules of parlimentary practice contained in "Roherts' Rules of Order"latc,st edition. 41:111 govern the 1,1,sinc.ss; i„,t'(,re the Board of Trustees iii anycase in which the By-Laws or Rules are not directly applical,le, provided theyare not inconsi:stent with the By-I,aws or Rules of the Board.
On motion hy lip, Petrie, seconcled 1,6. 3Ii·, ~\Itit'ray, :ind by the followingroll-call Vote, the recommenciatic)11 of' the committee was approved ancl the:1110\'c·-described revised by-laws and rules were aclopted in lieu of all rulesand hy-laws iii force heretofore, c·frec·tire at the close of this meeting.
Ayes--111: Meirrclic,1·1:s, Mrs. Light, Miss MiVey, Mr. Murray, Mr. Petrie,Miss Sinith, 1)1·. I,:illy-7. i:ass-- :\Ii·:. (;reen. Navs-N~)tie.
June 17 528 1960
Disposition of Election Material
The Committee on Pension Law and Rules reported that ballots and materialsused in the 1959 election of trustees wei·e carefully preserved for more thansix months, that they were no longer of zise for any future election, andthat they were not required as evidence for procceclings in any coui·t. There-fore, the committee recommended thal they be destroyed.
On motion by Mrs. Light, seconded by :\Ir. Petrie, the recommendation of thecommittee was approved, the election niaterials wore or(lei·ed desti·oyed andthe report of the committee was ordered printed iii the proceedings of thismeeting.
MISCELLANEOUS BUSINESS
Microfilming of Records
The Executive Secretary reported that in accordance with Illinois Statutes(Par. 31-34, Chapter 116, Illinois Revised Statutes 1955) there has beenposted in the Pension OfTice since April 20, 1960, a notice of intent to micro-film and destroy the following original records, papers and documents:
'146 ES1. Personal records of contributors whose deaths occurred from ·1896·
through 1949;
2. Personal records of pensioners whose deaths occurred from 1946through 1949; and
3. Documents pertaining to the official meetings of the Board of Trusteesdated 1946 through 1949.
Since no objections have been received, it was recommended that the trusteesauthorize (1) the microfilming and destruction of these records and (2) aduplication of the films in order to permit storage in vaults outside thepension office. The purpose of the second proposal is to provide added securityfor all permanent records of the Fund.
On motion by Mr. Murray, seconded by Mrs. Green, the microfilming anddestruction of the above-described records were approved, the duplication ofthe films was authorized and the executive secretary was ordered to proceedwith all arrangements therefor by the following roll-call vote:
Ayes-Mr. Meierdierks, I\Irs. Grcon, Mrs. Light, Miss McVey, Mr. Murray,Mr. Petrie, Miss Smith, Dr. Lally-8. Nays-None.
1
Tittic 17 529 1960
Appointment of AttorneysOn motion by Mr. Petrie, seconded by Mrs. Green, and by the following roll-
~ call vote, the firm of Kirkland, Ellis, Hodson, Chaffetz & 1\Iasters was re-appointed as attorneys for the Board of Trustees.Ayes-Mr. Meierdierks, AIrs. Green, Mrs. Light, Miss McVey, Mr. Murray,Mr. Petrie, Miss Smith, Dr. Lally-8. Nays-None.
Election of a Chairman for the Committeeon Pension Law and Rules
The President of the Board called the attention of the trustees to the factthat the retirement of Miss Taggart left the Committee on Pension Law andRules without a chairman. Since this is a standing committee of the Boardof Trustees, the rules of the Board require that a chairman be elected.
In accordance therewith, nominations were requested. 1\Ir. Petrie nominatedMiss Dorothy Smith. There being no further nominations, Mrs. Green movedthat the Recording Secretary cast a unanimous ballot electing Miss Smithchairman of the Committee on Pension Law and Rules. This motion wasseconded by Mr. Murray and approved unanimously. Thereupon, AIr. Meier-dierks declared Miss Smith duly elected chairman of the Committee onPension Law and Rules.
ADJOURNMENT
On motion by Mr. Petrie, the meeting adjourned to meet at the call of theSecretary.
Recording Secretary.
