Excerpt from Report on the Teachers' Retirement Fund, City of New York The consideration of the teachers' retirement fund in advance of the general pension problem of the city is necessitated by its critical financial condition. The fund's resources are exhausted, temporary relief measures have failed of adoption, and it appears that a reorganization can be effected only if a permanent plan is submitted. The disadvantages of arriving at a final solution with regard to the teachers' fund at the present time are twofold. In the first place, a con sistent retirement policy, giving equal consideration under like conditions to all city employees, can best be developed after facts relating to the entire municipal service have been presented and discussed according to their relative value and significance. Secondly, definite recommendations for support by the city are difficult before calculations of the cost of all existing and tentatively proposed new pension provisions have been completed. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.