11 



period as will equal his or her term of service. The ivnsion 

 iiiiiiiiiiuin pension to be paid to any such subscriber ""ounces 

 shall be $25 per mouth. (ont ' d 



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 

 retire, in either case, after twenty-live years of con- 

 tinuous service, 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 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 Berviee. "Such pension shall be paid for life. 

 The minimum pension to be paid to any such subscriber 

 shall be $35 per month. 



(/) Any subscribing employee who shall retire after 

 thirty years of continuous service, irrespective of his 

 or her age, shall, upon such retirement, be paid 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 basis of his or her 

 contributions to the Pension Fund during such three 

 years. Such pension shall be paid for life. The mini- 

 mum pension, however, to be paid to any such sub- 

 scriber shall be $35 per month. 



§ 17. A subscribing employee who, after fifteen Pension 

 years of continuous service, shall be retired by the allowances 

 Corporation by reason of illness or of the abolition J" cuses of 

 of the position theretofore held by him or her, or, at dI °^ 8a i 

 the expiration of the yearly or other term of service et( . M & f ier ' 

 contracted for shall not be re-appointed, or shall be dis- IS ><Mr« of 

 missed under any circumstances or for any cause (other >ervice 

 than under the circumstances or for the causes specified 

 in section 15) and who shall not be entitled to a pension 

 under any other provision herein contained, shall be 

 entitled to a pension, upon such retirement or dismissal, 



