Expenses 
Option and 
age re- 
quirements 
6 
Corporation and the subscribing employees of so large 
an amount as that above referred to, the Pension 
Board, by the concurrent vote of at least five of its 
members, may provide for a ratable reduction of the 
payments to be made by the Corporation and the sub- 
scribing employees respectively. But no such resolu- 
tion shall become effective until the same shall be 
reported to the Trustees of the Corporation and ap- 
proved by the vote of a majority of such Trustees 
attending a regular or special meeting of the Board 
of Trustees. By a resolution similarly adopted and 
approved, the amounts payable as gratuities or pen- 
sions under these rules may be increased. 
§ 8. Such reasonable expenses as shall be essential 
to the due administration of the Pension Fund may be 
incurred by the Pension Board and may be paid from 
such fund. 
§ 9. All persons who shall be permanent employees 
of the Corporation when these rules take effect and 
who, if males, shall be above the age of twenty-one 
years, or if females, above the age of eighteen years, 
shall have the option, within sixty days after these 
rules take effect, or at any time thereafter with the 
consent of the Pension Board and upon compliance 
with such terms as may be imposed by said Board, to 
become subscribers to the Pension Fund hereby estab- 
lished, and any persons who shall be permanent em- 
ployees of the Corporation, when these rules take effect, 
and if males, shall then be less than twenty-one years 
of age, or if females, less than eighteen years of age, 
shall have the option respectively, if still in the perma- 
nent employ of the Corporation, to become such 
subscribers when they shall attain such respective ages. 
All persons hereafter employed by the Corporation 
as permanent employees being over the age of twenty- 
one years in the case of males, and of eighteen years 
in the case of females, and under the age of forty-five 
