to receive a pension under these rules. In that event, 
there shall be 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 of the rights of said employee 
under these rules shall cease. A resolution of the 
Trustees adopted as aforesaid shall be conclusive. 
§ 16. All male subscribing employees who shall reach Pension 
the age of sixty-five years after fifteen years of con- *!/owances 
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 
retire, in either 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 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 
5 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 $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 
7 
q 
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: 
