NINETEENTH ANNUAL REPORT 107 



An employee who is dismissed or resigns before becoming 

 pensionable, has returned to him the total amount of his con- 

 tributions with compound interest at the rate of S\'[> per 

 cent per annum. 



There are further provisions for repayment of contribu- 

 tions in case of the death of an employee before reaching pen- 

 sionable age. Also for pensioned employees' widows' pensions, 

 and for a small declining insurance. 



These provisions are as liberal as they can be made, espe- 

 cially because the years of service rendered to the Society before 

 the establishment of the fund must be counted, though of course 

 no contributions had been made by the employees. Considering 

 the contributions from employees, and the amount of the income 

 from the Carnegie Fund, and from the Zoological Society, the 

 Fund is not yet on an entirely safe basis. Two sections of the 

 original regulations, that regarding the "subscribing employee's 

 widow's pension," and the "pension on account of death result- 

 ing from injury received in the line of duty," are for the present 

 suspended through the lack of funds. 



This of course is only a brief resume of the Pension Plan, 

 copies of which may be obtained by any member interested. 



It is hoped that further bequests and contributions may be 

 received from time to time, because it is not desirable that the 

 present restrictions to the pension provisions should continue. 

 Pending the receipt of further funds the plan was put in effect 

 on August 1, 1914. 



The Board organized on May 14, 1914, with Mr. George 

 Crawford Clark as Chairman, Mr. Percy R. Pyne as Treasurer, 

 and Mr. Hermann W. Merkel as Secretary. The members rep- 

 resenting the Board of Managers are Messrs. George Crawford 

 Clark, H. Casimir deRham, Lewis Rutherfurd Morris, William 

 B. Osgood Field and Percy R. Pyne. The members representing 

 the employees of the Zoological Park : H. R. Mitchell, Assistant 

 to Treasurer in Charge of Pensions, Hermann W. Merkel. Ray- 

 mond L. Ditmars ; and representing the employees of the Aqua- 

 rium : Raymond C. Osburn. 



It was decided to hold a meeting every month, and special 

 meetings when necessary. 



As soon as the Board was ready to receive applications, and 

 posted notices to that effect at the Zoological Park and the Aqua- 

 rium, furnishing at the same time each employee with copies of 



