To the Members of the American Museum of Natural History: 



This copy of the Report of the Pension Board is transmitted 

 to you with the belief that you will be interested and gratified 

 to note the development and growth of the most progressive 

 movement ever inaugurated, by an institution of a character 

 similar to ours, providing an adequate pension and retirement 

 system for employees of mature age or long terms of service. 



The Pension Plan was established in March, 1913, and all 

 permanent employees were given the option to participate in it. 



It is distinctively a cooperative, contributory system, the 

 subscribing employees contributing 3 per cent of their salaries 

 and the Trustees contributing an equal amount to the Fund. 



The Plan provides : 



1. Pensions — Six classes of pensions, according to length 



of service and age, the pensions varying from 25 

 per cent to 50 per cent of the average salary of the 

 last three years. 



2. Health Insurance — Gratuity to the employee in case 



he is totally disabled through illness. 



3. Life Insurance — A gratuity to a beneficiary, in the 



event of the death of the employee, and under 

 certain conditions in the event of the death of a 

 pensioner. 



4. For the return of the employee's contribution with 



simple interest at 3 per cent in case the employee 

 leaves the service of the Museum before he is 

 eligible for a pension. 



