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Waterloo Evening Courier in Waterloo, Iowa

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Newspaper

Waterloo Evening Courier

Location

Waterloo, Iowa, United States of America

Date

Jan 26, 1923

Page

10

Strong support for Iowa teachers annuity bill

Des Moines Jan 26 The Iowa teachers annuity bill gains strong backing from the legislative committee Iowa Teachers association and the Iowa teachers annuity committee lines up a fund split between state and teachers with the latter paying premiums similar to life insurance The plan estimates the state share at 5.35 percent of annual teacher payroll while the teachers’ share accumulates through regular payments and is 3.67 percent to sustain the program

Des Moines Iowa Teachers, Association Iowa Teachers’ Annuity Committee Iowa Geo. B. Buck New York

Iowa teachers consider state aided annuity plan

A proposed plan outlines a year to year funding method with a 2.28 percent rate to cover accrued liabilities. Teacher contributions would match state payments to total an annual sum. The plan includes disability and death benefits. To draw, a teacher must have at least 10 years of teaching and be 55 or older. Annuity equals 112 percent of the average salary for the last 10 years times years of service. Lucy E. Hobbs and Charles Pye promote the measure. Central Christian church hosts a wattle supper at 6:30 p.m. at the church dining room. See new footwear at the F and M store.

Tiplied Lucy E. Hobbs Sioux City Charles Pye Iowa State Teachers’ Association The Christian Ideaver Society of Central Christian Church

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