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old age retirement annuity and widow’s annuity purposes as prescribed herein, if such employee were in receipt of such salary. If the employee be under the age of sixty-five years when such disability results, contributions equal in amount to the contributions therefore made by such employee, and on his behalf by the employer, for old age retirement annuity, and for widow’s annuity, if such employee be a male employee, shall be maintained by the employers during the period of disability until the employee attains the age of sixty years. Upon attainment of such age, the old age retirement annuity rights for the employee, and the widow’s annuity rights, if the employee be a married male, shall be determined, and in the same manner as if the employee were in active service. Subject to the modifications stated in section 28, the amount of annuity prescribed herein shall be payable to the employee during disability until he shall attain the age of sixty-five years. Upon attainment of such age, the amount of annuity payable to such employee shall be the amount of old age retirement annuity payable to him as specified in this Act. If an employee, before his attainment of age of sixty-five years, shall lose his life in consequence of the direct performance of duty and a widow shall survive him, then such widow, provided she does not marry, shall receive an annuity, subject to the modifications stated in section 28, of an amount equal to fifty per cent of the salary of such employee as it shall be at the time of his death or injury, until the date when such employee, if he had been alive, would have attained the age of sixty-five years. After such date, her annuity shall be that provided for the widow of an employee who dies while in service, except that the amount of such annuity shall not be less than the widow’s annuity that would have been provided for her if her husband had lived to the age of sixty years and had received in salary an amount equal to that received by him at the time of his death or injury. If the widow of an employee who loses his life in consequence of the direct performance of duty, marries, her annuity after marriage shall be that provided for the widow of an employee who dies while in service or after retirement on annuity. In such cases, temporary annuities shall be computed as running from the time of the employee's death. All annuities payable on account of injury, or death of an employee in consequence of the direct performance of duty, in excess of the old age retirement annuity provided for such employee upon attainment of the age of sixty years from the Annuity Reserve Fund, and all annuities payable to widows of such employes in excess of the annuities provided for such widows from the Annuity Reserve Fund, shall be paid by the employer. § 28. If an employee or the members of a family, as herein described, of an employee, shall receive any compensation under or by virtue of the Workmen's Compensation Act on account of disability or death resulting from the direct performance of duty, the annuity or annuities prescribed for such person or persons shall be reduced by the

amount or amounts of such compensation, if such amount or amounts be less than such annuity or annuities, and if the amount or amounts received as compensation exceed such annuity or annuities, then an annuity or annuities shall not be payable to the recipient or recipients of such compensation until the expiration of the period of time during which the sum of the annuity or annuities payable at the rate herein stated would equal the sum or sums received as compensation; except that, if an employee attains the age of sixty years while absent from service because of disability incurred as the direct result of the performance of duty, or attained the age of sixty years before so incurring disability, or, if the widow of an employee who lost his life while in or as a consequence of the direct performance of duty, attains an age at which the employee if alive would have attained the age of sixty years, then the old age retirement annuity provided for such employee or the annuity provided for the widow shall thereafter be paid to the employee or the widow as the case may be and the foregoing provisions of this section shall apply only to amounts in excess of such annuity. § 29. If any employee shall withdraw from service before completion of at least ten full years of service and before attainment of the age of sixty years, refunds shall be made upon request, or if no request is made, then when such employee shall attain the age of sixty years. If any employee shall withdraw from service after completion of at least ten full years of service but before attainment of the age of fiftyfive years, refunds shall be made upon request, provided such request is made before such employee shall have attained the age of fifty-five years. The amount of refund shall be an amount equal to the accumulation from deductions from salary of such employee, for old age retirement annuity and widow’s annuity purposes, on the date when such employee shall withdraw from service, improved at interest at the rate of three and one-half per cent per annum from the date when such em: ployee shall withdraw from service to the date when request for refund is made; provided, however, that such accumulation shall not be improved at interest for a longer period than twenty years from the date when such employee shall withdraw from service. If any male employee shall attain the age of sixty years while in service and shall have no wife on the date when he attains such age, or if any male employee shall enter upon annuity before his attainment of the age of sixty years and shall have no wife on the date when he enters upon annuity, or if a former employee has no wife eligible for annuity on the date when he enters upon annuity, then refund shall be made of the accumulation on such date to the credit of such employee to provide a widow’s annuity for such employee, provided no children eligible for annuity exist. If children eligible for annuity of any such male employee exist, an amount sufficient to provide annuities for such children shall be deducted from the amount of such accumulation and the balance, if any, shall be refunded. When annuity rights on all children cease, any remaining balance shall be refunded.

If any employee shall die while in service before attaining the age of sixty years, or if any former employee shall die before entering upon annuity, or if any employee shall attain the age of sixty years while in service, or if any employee after at least ten full years of service shall withdraw from service having attained at least the age of fifty-five years, or if any employee, who shall withdraw from service after at least ten years of service, but before attainment of the age of fifty-five years, shall not make request for refund before attaining the age of fifty-five years, the amounts subject to the right of such employee to receive refunds shall be: The amount accumulated from the deductions from the salary of such employee for old age retirement annuity and widow’s annuity purposes, including all amounts paid by the employer for such purposes in lieu of deductions from the salary of any employee disabled in consequence of the direct performance of duty, less all amounts paid in annuity to such employe and the widow and children of such employee, shall be refunded, provided no children of such employee shall be eligible for annuity upon death of the last survivor of employee and widow. If children eligible for annuity survive said last survivor and a balance over the amounts paid in such annuities exists, such part of such balance as is necessary shall be set aside in the Children’s Annuity Fund to provide children’s annuities, and the remainder, if any, shall be refunded. When annuities to children cease, any balance remaining shall be refunded. The foregoing provisions of this section shall be modified to the extent that if any annuity arises through disability or death of an employee in consequence of the direct performance of duty, the amount to refund shall not be reduced by any amounts paid in annuity prior to the date when such employee attains the age of sixty-five years or would have attained such age if alive. Refunds of accumulation from contributions of the employer for old age retirement annuity shall be made to the employers in the form of a credit to reduce the contributions which such employers would otherwise be required to make during the following year, in amounts and under conditions as stated below. 1. If an employee withdraws from service and receives in refunds the accumulation from deductions from salary for old age retirement annuity and widow’s annuity purposes for him, the entire amount accumulated from contributions of the employer to provide old age retirement annuity and widow’s annuity for such employee shall be credited to the employers when refund to the employee is made. 2. If any employee withdraws from service and does not receive refund of the accumulation from deductions from his salary for old age retirement annuity and widow’s annuity purposes for him, the accumulation of contributions by the employer for old age retirement annuity on behalf of such employee shall remain to the credit of such employee until the date when such employee attains the age of sixty years. On such date the accumulation, or that part not to be credited to such employee on such date, shall be credited to the employers on such date. 3. Upon death of an employee, any balance remaining after widow’s and children’s annuities have been provided for, shall be credited to the employers as of the date of death of the employee. Refunds shall be made as directed by the employee in writing. If no direction is given, they shall be made to the widow of such employee if such widow is not eligible for annuity, or if no widow exists, then to the children of such employee in equal amounts to each, or if no children exist, then to surviving parents, if any, in equal amounts to each, or if there be no surviving parents, then to the heirs, executors, administrators, or assigns of such employee. In case of the withdrawal of an employee from service, the Retirement Board may at its discretion defer payment of refunds for a period not to exceed one year, except that, if at the end of the year suit is pending to determine the employee's right to retain his former position, payment of refunds shall be suspended until disposition is made of such suit. To provide for refunds as specified in this Act, there shall be deducted from the accumulation of the sums deducted from the salary of each employee for old age retirement annuity and widow’s annuity purposes for him, and the accumulation of the sums contributed by the employer on behalf of each such employee for such purposes, amounts equal to two per cent of such accumulation, as provided elsewhere in this Act, except that no such deduction shall be made from contributions of the employer to provide supplementary annuities for present employees. § 30. Any employee shall be entitled to credit as service for any or all periods of leave of absence subsequent to the date when this Act comes in force and effect not in excess of one-tenth of the entire term of service rendered by such employee prior to such leave or leaves of absence, provided that no such leave of absence shall be counted in computing service upon which subsequent leaves of absence shall be granted. If an employee during any period of leave of absence and not receiving benefits from the Sickness and Accident Fund shall pay to the Retirement Board amounts equal to the percentage of salary theretofore deducted from his salary for old age retirement annuity and widow’s annuity purposes, his employer shall pay to said Retirement Board the corresponding amounts required for such purpose. Otherwise such employer shall not be required to make such payments. If an employee is absent on leave of absence without pay and is not in receipt of benefit from the Sickness and Accident Fund, he shall be permitted to remain a contributor to the Sickness and Accident Fund for the first thirty days of such leave of absence, by payment in advance of an amount equal to the amount being paid by him to the Sickness and Accident Fund at the time when such leave of absence is granted. § 31. All annuities and all reserves on annuities present or prospective, provided for in this Act, shall be computed according to the American Experience Table of Mortality and four per cent interest.

Unless otherwise specifically stated, all interest accretions shall be at the rate of four per cent per annum. In any case where the annuity provided under this Act is less than ten dollars ($10.00) per month, then an annuity of ten dollars ($10.00) per month shall be paid the annuitant as a temporary annuity. A fiscal year shall mean the year commencing with July first and ending with June thirtieth next following. Any person classed as an employee as defined in this Act, or any person who shall hereafter become classed as an employee as defined In this Act shall by such employment accept the provisions of this Act and thereupon become contributors under said Act in accordance with the terms thereof. And the provisions of this Act shall become a condition of the employment of such person and part of any contract of employment entered into by and with such person. Any amount paid into the Employers’ Annuity Fund, or the Salary Deductions for Annuity Fund, shall begin to earn interest from the last day of the calendar month when such amount is paid into such fund. If an employee upon or after withdrawal from service before attainment of the age of fifty-five years and after at least ten years of service does not apply for refunds he shall be deemed to be eligible for annuity. The accumulations from contributions of the employer or employers to provide a widow’s annuity for the widow of a former employee shail not be used for annuity purposes for such widow to a greater extent than one-tenth of such accumulation for each year of service rendered by such employee in addition to ten full years of service. In case of disability incurred not in consequence of the direct performance of duty, amounts equal to the percentages of salary required from such employee and the employer of such employee for old age retirement annuity and widow’s annuity purposes for such employee shall be paid from the Sickness and Accident Fund to the Salary Deductions for Annuity Fund and the Employers' Annuity Fund, respectively, and placed to the credit of the disabled employee therein. In any case where the combined annuities of a widow and children of a deceased employee, or of a disabled employee and children of such employee, would exceed the limitation upon the combined annuities of such a group of persons as stated in section 21, the annuities of such widow and children, or of such employee and children, shall be pro rated, to conform to the limitation stated, according to the amounts that would otherwise be received by such persons. Wherever “contribute,” “contributions,” “contributor,” or “contributed” of or by an employee are mentioned in this Act they shall mean amounts deducted from the salary of an employee or amounts otherwise paid by an employee for the purposes of this Act. The Retirement Board may specify a date upon which all employes under the jurisdiction of such board who enter service during any part of the calendar year following such date shall be considered as entering service, and when such date is thus specified, all employes entering on any subsequent date during such calendar year shall be considered as having entered upon the date specified.

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