220 Pension Fund Report 



With the entrance of the United States into the war, came 

 new and extraordinary liabilities for the Pension Fund. As a 

 result it has been found advisable during the year 191 8 to 

 guard against an extension of the membership with the conse- 

 quent liabilities which such extension entails. For this reason, 

 the Pension Fund has fewer subscribers at the end of 19 18 

 than at the beginning of the year. The diminished member- 

 ship, however, indicates no decrease in the prosperity of the 

 Fund, which promises expansion at the usual rate with the re- 

 turn of pre-war conditions. 



The report. of membership for 1918 is as follows: 



Number of Subscribers, January 1, 1918 256 



New Subscribers during the year 1918 18 



Reinstatements made during the year 1918 o 



Resignations and Dismissals 22 



Retirements o 



Deaths 3 25 



Number of Subscribers, December 31, 1918 249 



Consistent with the good record which they established for 

 themselves at the time of the first Liberty Loans, in 1917, the 

 employees of the Museum have subscribed generously to the 

 succeeding loans; 217 employees subscribed to the Third Loan 

 (April-May), totalling $20,150; 175 employees subscribed to 

 the Fourth Loan (October), in an amount of $20,900. As 

 in the case of the previous loans, the generosity of one of the 

 members of the Pension Board made it possible for the em- 

 ployees to take out their bonds on a serial payment basis. It 

 is due to this liberal provision that the employees were enabled 

 to contribute so largely to the Liberty Loans. 



In accordance with its past policy, the Pension Board has 

 given aid, during 1918, to such deserving employees as were in 

 need of medical attention or hospital treatment and were them- 

 selves unable to make the necessary provision. These em- 



