9 



to receive B pension under these rules. In that event, 



there shall he paid to the said employee a sum equal 

 to his or her total contributions to the Pension Fund, 

 with simple interest at the rate of three per cent, per 

 annum, and thereupon all o( the rights of said employee 

 under these rules shall eoase. A resolution of the 

 Trustees adopted as aforesaid shall be conclusive. 



§ 1(>. All male subscribing employees who shall reach tension 

 the age of sixty-five years after fifteen years of con- n,,owauces 

 tinuous service of the Corporation, or the age of sixty 

 years after twenty years of continuous service, and 

 all female subscribing employees who shall reach the 

 age of sixty years after fifteen years of continuous 

 service, or the age of fifty-five years after twenty years 

 of continuous service, shall be entitled, upon retirement, 

 whether at their own request or by the action of the 

 Corporation, to receive a pension of the amounts and 

 for the periods herein stated : 



(a) A male subscribing employee who shall reach 

 the age of sixty-five years, or a female subscribing em- 

 ployee who shall reach the age of sixty years, and shall 



'. in cither case, after fifteen years of continuous 

 service, shall be paid, upon retirement, an annual pen- 

 sion of twenty-five per cent, of his or her aver; 

 annual salary for the last three years of his or her 

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

 trihutions to the Pension Fund during such three years, 

 with an increase of one per cent, for each additional 

 r 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 he $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 ;il^' of fifty five years, and -hall 

 retire, in either ease, after twenty years of continuous 



