11 



or her term of service. The minimum pension to be paid pension 



to anv such subscriber shall be S'27) per month. allowances 



^ cont d 



I '/ 1 A male subscribing employee who shall reach 

 the age Of sixty years, or a female Subscribing employee, 

 who shall reach the age of lifty-tive years, ami shall iv 

 tire in either case, after twenty-five years of continuous 



ice, shall be paid upon retirement, an annual pension 

 of thirty-three and one-third per cent, of his or her aver- 

 age annual salary for the last three years of his or her 

 employment, computed on the basis of his or her con- 

 tributions to the Pension Fund during such three years, 

 with an increase of one per cent, for each additional 

 year of service up to the thirtieth year. Such pension 

 shall be paid, however, only for such period as will equal 

 his or her term <»1 service The minimum pension to be 

 paid to any such subscriber shall be siT, per month. 



I A male subscribing employee who shall reach the 

 of sixty-five years, or a female subscribing employee, 

 who shall reach the age Of sixty years, and shall retire, 

 in either case, after twenty-live years of continuous 

 B \ie.-. shall be paid, upon retirement, an annual pension 

 of fifty per cent, of his or her average annual salary for 

 the last three years of his or her employment computed on 

 the basi> of his or her contributions to the Pension Fund 

 during BUCh three years, with an increase of one per cent. 

 for each additional year Of service. Such pension shall 

 be paid for life. The minimum pension to be paid to any 

 Mich subscriber shall be s:\:> per month. 



inbscribing employee who shall retire after 



thirty years Of continuous service, irrespective of his or 

 her all, upon such retirement, be paid an annual 



pension of fifty per cent of his <>r her average annual 

 ■ v\ for the last three years of his or her employment, 

 computed on the b his or her contributions t<» the 



