REPORT OF THE 

 PENSION BOARD 



OF THE 



NEW YORK ZOOLOGICAL SOCIETY 



The first year of the active operation of the Pension Fund 

 has proven the beneficent influence of that Fund upon its bene- 

 ficiaries. There have been no withdrawals except in the case of 

 members leaving the services of the Zoological Society. Of such 

 resignations there have been five, but in each case the person 

 taking the position vacated has become a member of the Fund, 

 so that the total of the membership is only one less than that of 

 the previous year. At present the total number of beneficiaries 

 is 166, and there are two applications pending. 



The first pension granted under the regulations of the Fund 

 was to Mr. John J. DeNyse, for many years a member of the 

 Aquarium staff, and although Mr. DeNyse had not quite served 

 the requisite number of years, the Pension Board, in accordance 

 with the rules governing the Fund, voted unanimously in favor 

 of a pension of 30 per cent of his former salary. Unfortunately, 

 Mr. DeNyse was able to benefit by the action of the Board for 

 only one month, as his death occurred shortly before the close 

 of the year. 



There was collected during the year from the employees of 

 the Zoological Society the sum of $3,172.18, and from the Zoo 

 logical Society as a contribution from the Carnegie Pension 

 Fund $4,585.00, and from the Income Account of the Zoological 

 Society $3,433.37. This, with interest amounting to $63.78, 

 makes a total of receipts for the year of $11,254.33, available 

 for pensions. The major portion of this has been invested by 

 the Finance Committee in good bonds, as the Treasurer's report 

 will show. 



As it is necessary for all new employees to be examined by 

 a physician in order to determine their fitness to become mem- 

 bers of the Fund, Dr. Gilbert Vander Smissen was appointed to 

 make such examinations. 



