Report On the Statistics of Labor. (Title Varies) 1919
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Acts, 1917, c. 233, §§ 2, 3.] 707F. Withdrawal and reinstatement. — (1) Any member of the retirement association withdrawing from service in the public schools, except for the purpose of entering the service of the commonwealth, before becoming eligible to retirement shall be entitled to receive from the aimuity fund all amounts contributed as assess- ments, together with regular interest thereon in one sum, or, if the retirement board shall so elect, the refund shall be made in four quarterly ...payments. If a member who is receiving his contributions with interest in quarterly installments, as provided by this paragraph, shall die before receiving the total amount to which he is entitled, the balance shall be paid to his estate.
(■2) If such withdrawal shall take place after ten annual assessments have been paid, the member may, if he shall so elect, instead of receiving a refund as provided in paragraph (1) of this section, receive an annuity for life, as determined by the retirement board, of such amount as the sum of his assessryients under section five, paragraph (2), with regular interest thereon, shall entitle him to receive, with the provision that if he dies before receiving payments equal to the amount used to purchase the annuity the difference shall be paid to his estate.
What to read after Report On the Statistics of Labor. (Title Varies) 1919?
You can find similar books in the "Read Also" column, or choose other free books by Massachusetts. Dept. of Labor And Industries. Division of Statistics to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Acts, 1917, c. 233, §§ 2, 3.] 707F. Withdrawal and reinstatement. — (1) Any member of the retirement association withdrawing from service in the public schools, except for the purpose of entering the service of the commonwealth, before becoming eligible to retirement shall be entitled to receive from the aimuity fund all amounts contributed as assess- ments, together with regular interest thereon in one sum, or, if the retirement board shall so elect, the refund shall be made in four quarterly ...payments. If a member who is receiving his contributions with interest in quarterly installments, as provided by this paragraph, shall die before receiving the total amount to which he is entitled, the balance shall be paid to his estate.
(■2) If such withdrawal shall take place after ten annual assessments have been paid, the member may, if he shall so elect, instead of receiving a refund as provided in paragraph (1) of this section, receive an annuity for life, as determined by the retirement board, of such amount as the sum of his assessryients under section five, paragraph (2), with regular interest thereon, shall entitle him to receive, with the provision that if he dies before receiving payments equal to the amount used to purchase the annuity the difference shall be paid to his estate.
What to read after Report On the Statistics of Labor. (Title Varies) 1919?
You can find similar books in the "Read Also" column, or choose other free books by Massachusetts. Dept. of Labor And Industries. Division of Statistics to read onlineMoreLess
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