10 



for the last three years of his or her employment com- 

 puted on the basis of his or her contributions to the Pen- 

 sion Fund during such three years, with an increase of 

 one per cent, for each additional year of service up to the 

 twentieth year. Such pension shall be paid, however, 

 only for such period as will equal his or her term of 

 service. The minimum pension to be paid to any such 

 subscriber shall be f 15 per month. 



(b) A male subscribing employee who shall reach the 

 age of sixty years, or a female subscribing employee who 

 shall reach the age of fifty-five years, and shall retire 

 in either case, after twenty years of continuous service, 

 shall be paid upon retirement, an annual pension of 

 twenty-five per cent, of his or her average annual salary 

 for the last three years of his or her employment, com- 

 puted on the basis of his or her contributions to the Pen- 

 sion Fund during such three years, with an increase of 

 one per cent, for each additional year of service up to the 

 twenty-fifth year. Such pension shall be paid, however, 

 only for such period as will equal his or her term of serv- 

 ice. The minimum pension to be paid to any such sub- 

 scriber shall be $15 per month. 



(c) A male subscribing employee who shall reach the 

 age 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 years of continuous service, 

 shall be paid, upon retirement, an annual pension of 

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

 annual salary for the last three years of his or her em- 

 ployment computed on the basis of his or her contribu- 

 tions to the Pension Fund during such three years, with 

 an increase of one per cent, for each additional year of 

 service up to the twenty-fifth year. Such pension shall 

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



