104 NEW YORK ZOOLOGICAL SOCIETY 



Two persons receiving pensions died, Mary Smith, widow of 

 John Smith, who received a pension of $20.00 per month, and 

 Mrs. Nelhe McNulta, w^ho received a pension of $25.00 per month. 

 A dechning insm^ance amounting to $604.52 was paid to Helen 

 McNulta, the beneficiary of the above Mrs. McNulta. 



Only one employee who was a member of the Pension Fund 

 resigned during the year, obtaining a refund of dues of $31.75 

 and relieving the Fund of fifteen months of accumulated services, 

 while during the previous year there were thirteen resignations. 



There were admitted during the year seven new members: 

 Joseph Gallagher, Charles Divver, William A. Tucker, Charles 

 Johnson, Charles M. Breder, Jr., Ruth Lawrence and William G. 

 Eawlinson. 



Two applicants were rejected on account of their inability to 

 pass the doctor's examination. 



On Dec. 31, 1921, the membership of the Fund consisted of 

 125 persons, an increase of three over 1920. 



The continued increase in the funds available for pensions 

 through larger returns from invested funds, and the increase of 

 these invested funds, show a gratifying and healthy condition 

 and appear to prove that the entire scheme as now in force for 

 seven and one-half years is fundamentally correct, and that the 

 members of the Fund need have no fear as far as its future is 

 concerned. The Treasurer's statement is printed elsewhere in 

 this Report. 



Respectfully submitted, 



Hermann W. Merkel, 



Secretary, Pension Board. 

 Wm. Pierson Hamilton, 



Chahman, Pension Board. 



