xt75mk65773f https://exploreuk.uky.edu/dips/xt75mk65773f/data/mets.xml Kentucky. Department of Education. Kentucky Kentucky. Department of Education. 1951-12 bulletins English Frankford, Ky. : Dept. of Education This digital resource may be freely searched and displayed in accordance with U. S. copyright laws. Educational Bulletin (Frankfort, Ky.) Education -- Kentucky Educational Bulletin (Frankfort, Ky.), "Report of the Superintendent of Public Instruction", vol. XIX, no. 10, December 1951 text volumes: illustrations 23-28 cm. call numbers 17-ED83 2 and L152 .B35. Educational Bulletin (Frankfort, Ky.), "Report of the Superintendent of Public Instruction", vol. XIX, no. 10, December 1951 1951 1951-12 2022 true xt75mk65773f section xt75mk65773f BIENNIAL REPORT of the SUPEHINTENDEN’I‘ 01“ PUBLIC lNSTflUC’I‘lflN of the COMMONWEALTH OF KENTUCKY FOR THE BIENNIUM ENDED JUNE 30, 1951 Published by order of the BOAED OF EDUCATION BOSWELL B. HODGKIN . Superintendent of Public Instruction Chairman State Board of Education n .m t m mm mm Hm Bf 0 t Mm WM 5 KENTUCKY STATE BOARD OF EDUCATION BOSWELL B. HODGKIN, Superintendent Public Instruction, Chairman CHARLES J. HAYDON, JR., Springfield VIRGIL D. PICKLESIMER, Whitesburg JOHN M. HUNNICUTT. 301 Deverill, Ludluw MRS. J. KIDWELL GRANNIS, Flemings- “*3 RUMSEY TAYLOR, Princeton A. E. MEYZEEK, 1701 w. Chestnut Louisville CHARLES B. STACY, Pineville "‘WILLIAM D. CHILTON, Secretary STATE DEPARTMENT OF EDUCATION HODGKIN, BOSWELL B., Superintendent of Public Instruction YOUNG, GORDIE, Assistant Superintendent of Public Instruction BUREAU OF ADMINISTRATION YOUNG, GORDIE, Head of the Bureau DIVISION OF SCHOOL LAW DIVISION OF PUPIL TRANSPORTATION *DODSON, MARVIN, Director VICKERS, JOHN, Director DIVISION OF SCHOOL BUILDINGS AND GROUNDS THURMAN, PAUL W., Director BRYANT, WILLIAM 0., Assistant Director DIVISION OF RESEARCH AND STATISTICS MILLS, ROBERT L., Director GREENE, ROBERT L., Educationist FLEGE, R. E, Educationist DIVISION OF SURPLUS PROPERTY WILLIAMS, J. B., Director JUETT, GAYLE, Assistant Division Director BUREAU OF FINANCE “CHILTON, WILLIAM B., Head of the Bureau DIVISION OF FINANCE *CHILTON, WILLIAM B., Director GARRISON, EARL E., Assistant Director *KASH, SHELBY, Supervisor of Local District Accounting MARTIN, ROBERT B., Supervisor of Research and Statistics ALEXANDER, SAMUEL, Accounting Supervisor HOOKS, N. T., Accounting Supervisor JONES, JOHN A., Accounting Supervisor *LAWRENCE, ROY LEE, Accounting Supervisor ROSCHI, W. W., Accounting Supervisor DIVISION OF CENSUS AND ATTENDANCE WARD, C. T., Director HOGE, ANNE, Administrative Assistant BUREAU OF INSTRUCTION GODMAN, MARK, Head of the Bureau DIVISION OF SCHOOL SUPERVISION WALTON, MOSS, Director TAYLOR, SAM, Assistant Director GALLOWAY, LOUISE, Supervisor of School Libraries YOUNG, WHITNEY, Consultant in Negro Education , TAYLOR, L. N., Supervisor of Negro Education (Retired) ‘Resigned DIVISION OF TEACHER TRAINING AND CERTIFICATION COMBS. LOUISE, Acting Director *TRAVELSTEAD, CHESTER, State Coordinator In-Service Training EDMONDS, FRED, Regional Supervisor, In-Service Training TAYLOR, CLAUDE, Regional Supervisor, In-Service Training VENABLE, TOM 0., Regional Supervisor, In-Service Training WILDER, O. 13., Supervisor of Certification O’DONNELL, LOUISE, Administrative Assistant DIVISION OF FREE TEXTBOOKS TRIPLETT, ISHMAEL, Director DIVISION OF HEALTH EDUCATION WHALIN, E. E., Director DIVISION OF EDUCATION FOR EXCEPTIONAL CHILDREN RETHERFO‘RD, GWEN, Director EDWARDS, STELLA A., Administrative Assistant DIVISION OF MORAL AND SPIRITUAL EDUCATION TYDINGS, J. MANSIR, Director BUREAU OF VOCATIONAL EDUCATION ARMSTRONG, WATSON, Head of the Bureau DIVISION OF AGRICULTURAL EDUCATION HILTON, E. P., Director WILSON, S. S., Assistant Director ARCHER, M. L., Supervisor BALL, EDWARD E., Supervisor ' BOTTO, M. M., Supervisor 5 COX, FLOYD, Supervisor ESHAM, C. F., Supervisor GROGAN, BOBBIE R., Supervisor LAMAR, CARL, Supervisor MONTGOMERY, W. 0., Supervisor MOORE, BUELL G., Supervisor THRELKELD, J. ERNEST, Supervisor POWELL, EARLE V., Office Manager, Institutional On-Farm Training Program DIVISION OF HOME ECONOMICS EDUCATION WILLIAMSON, MARY LOIS, Director ‘, VAUGHAN, MARY BELL, Assistant Director ‘ MELTON, JANE, Supervisor PORTER, FANNIE, Supervisor BOTTS, ANNIE MARY, Supervisor, School Lunch Program LEWIS, JANE 8,, Supervisor, School Lunch Program MOORES, LAURA PREWITT, Supervisor, School Lunch Program MOSS, WILLIE, Supervisor, School Lunch Program DIVISION OF TRADE AND INDUSTRIAL EDUCATION WILSON, HAROLD G., Director MARTIN, FRED A., State Coordinator SALLING, ROBERT W., Supervisor, On-the-Job and Institutional Training Program McGOWN, JAMES R., Inspector, On-the-Job and Institutional Training Program DIVISION OF VOCATIONAL REHABILITATION \ BALDREE, W. HICKMAN, Director PATRICK, OLNEY M., Chief Rehabilitation Services REED, JOHN 8., Supervisor, Services for the Blind LEONARD, DR. T. P., Medical Consultant MOORE, CLEVELAND, Area. Supervisor, Lexington ' ALLEN, LINDSEY E., Area Supervisor, Louisville DUGAN, DAWSON D., Senior Counselor, Ashland HEATH, FLENOR M., Senior Counselor, Somerset \ HUDSON, LEONARD L., Senior Counselor, Bowling Green ' MONROE, JACK G., Senior Counselor, Harlan RUSSELL, MRS. FRANCIS, Junior Counselor, Lexington TRAYLOR, ROBERT E., Counselor. Madisonville I YOUNG, WILL, Counselor, Paducah COX, CHARLES E., Industrial Placement Specialist for the Blind KLOPFENSTEIN, LOLA, Counselor, Covington THOMS, VIOLA, Junior Counselor, Louisville Anglin, Martha Baker, Marjorie Baker, Virgilene Bradley, Elizabeth Burke, Joan Campbell, Mary Campbell, Willena Church, Helen Clasby, Alice Clifton, Frances Collins, Mary Lee Davis, Sara H. Davis, Sarah L. Duncan, Sarah Dungan, Peggy Grugin, Betty Hall, Sara Harrod, Louise Hickey, June Hill, Edna. Jo Hodgkin, Mildred Hutcherson, Clara Jane Johnson, Lois Johnson, Vivian Jones, Emily Jones, Jessie Kagin, Elizabeth Kershaw, Clara King, Barbara Lauthner, Letty CLERICAL ASSISTANTS (State Ofl'ice) Muhleman, Erwin C. Nash, Katherine Norman, Dorothy O’Donoghue, Ceil Parker, George Ella Parker, Pettit Pope, Josephine Rodgers, Elois Schooler, Mary Lou Sharon, Jean Shaw, Marie Smith, Imogene Smither, Elizabeth Strassner, Josephine Stucker, Emma H. Figg, Leoma Mahoney, Marie Thomas, Tacie Gibson, Linda McDaniel, Ruth Walters, Grace T. Gill. Jane McGarey, Inez Webster, Lillian Glenn, Nettie J. Merkely, Elundor Wiley, Mildred Greenwell, Clara Ann Moss, Helen MISCELLANEOUS Atwell, Hugh 0., Building Tradesman Baxter. Junius, Storekeeper Bradshaw, Lucian, Janitor Cardwell, Edward, Janitor Craig, Robert F., Storekeeper Greenwell, Donald, Storekeeper Hulker, Roy, Dup. Equipment Operator Mitchell, Elswol'th, Janitor TEACHERS' RETIREMENT SYSTEM OF THE STATE OF KENTUCKY FRANKFORT Board of Trustees MARY J. MAGUIRE, Chairman, Lexington L. C. CURRY, Vice Chairman, Bowling Green JOHN FRED WILLIAMS, Ashland WILLIAM S. MILBURN, Louisville HON. BOSWELL B. HODGKIN, Superintendent of Public Instruction, Frankfort HON. A. E. FUNK, Attorney General, Frankfort HON. PEARL F. RUNYON, State Treasurer, Frankfort Personnel N. O. KIMBLER, Executive Secretary VERA BECKHAM, Assistant Secretary F. L. PHILLIPS, Accountant LORA M. BLANFORD HELEN MEADE JEAN PULLIAM WILMA LANDRUM DOROTHY LATHREM LOIS COLLINS ANNA MAE CONNELLY ALEAN McDONALD SOPHIA JOHNSON WILLIAM O. SPRINGATE JO ANNE MAUER NANCY LOU GASH wwéi.m...~‘.:s=jnzn - 1- :szem'sisifl-‘vivfi-vfi‘ .1‘.‘ *T n» L“ 1 .4 i l ; E Q g ;! L‘."-:.4 {v.14 General Assembly of the LETTER OF TRANSMITTAL i COIVIMONWEALTH OF KENTUCKY DEPARTMENT OF EDUCATION FRANIQF'ORT To the Governor and the Commonwealth of Kentucky I herewith submit the report of the Superintendent of Public Instruction for the biennium ended June 30, 1951. This is in compliance with Sections 57.140 and 156.250 of the Kentucky Revised Statutes. Part 1 represents the Report of the Superintendent of Public Instruction and Part 2 contains statistical reports concerning personnel and finance from the standpoint of the state at large and from individual districts of the state. I should like to call your attention to the Introduction, which points out some of the accomplishments of the biennium, and calls attention to some of the urgent needs for the program of education in Kentucky. Respectfully submitted, BOSWELL B. HODGKIN Superintendent of Public Instruction January 1, 1952 TABLE OF CONTENTS Letter of Transmittal Organization of the Department of Education Part I REPORT OF THE SUPERINTENDENT OF PUBLIC INSTRUCTION Looking to the Future ...................................................................................... Teacher Retirement System ......... ..... Bureau of Administration ........ ....... Merger of Independent School Districts .............................................. Educational Bulletins ........... School Laws ..... , School Building and Grounds ....... School Building Survey ....... '. Division of Pupil Transportation .......................................................... Division of Surplus Property ............ Future needs of the Bureau Bureau of Instruction ...................................................................................... Division of Supervision .. ' Elementary Schools .......................................................................... High Schools ............................ Library Service ............. .. ....... Negro Schools Health Education Division of Teacher Education and Certification .............................. Division of Free Textbooks. Division of Special Education for Handicapped Childi en .............. Bureau of Vocational Education ..... Introductory Statement ........ Division of Agricultural Education ........................................................ Veterans Enrolled in Institutional On—Farm Training Program ......... .. ............... Division of Home Economics . School Lunch Program .................................................................... Division of Trade and Industrial and Distributive Education ........ Mayo State Vocational School ..................................................... Northern Kentucky State Vocational School ............................ West Kentucky Vocational Training School .............................. Division of Vocational Rehabilitation .................................................. Bureau of Finance .. ...... Division of Census and Attendance ...................................................... School Census ...... School Enrollment ......... Non- Enrollees Division of Finance ................ Functions of the Division of Finance .......................................... Equalization Apportionment Per Capita and Teachers' Salaries ................................................ Length of School Terms ...... Tax Rates Financial Statements Sumary of Financial Reports for the Biennium ........................ 723 725 730 730 730 731 731 732 732 734 735 737 738 738 742 748 749 752 754 761 764 768 768 770 772 775 779 782 784 788 790 792 798 798 798 798 800 804 804 804 804 804 804 807 819 Part II STATISTICAL TABLES Tables Concerning Enrollment, Memberships, Census, High School Graduates, Attendance, and Teaching Personnel ........ 827 General School Statistics 840 Financial Reports for the School Districts of Each Year of the Biennium .............................................................................................. 876 P: l LIST OF TABLES :3 Teachers’ Retirement System Table A Membership 1940-51 .............................................. 725 76 ’ General Balance Sheet .......................................... 727 Condensed Aanalysis of Changes in Trust Fund Balances July 1, 1950 to June 30, 1951 ............. 728 Schedule I Investments .............................................................. 729 Bureau of Administration Table I-bg Plant Extensions and Cost of Extensions .......... 732 Table I-st Growth of Student Transportation ............ 734 I Bureau of Instruction Table I Kentucky Independent School Districts (With 1 Fewer Than 500 White Census Pupils) ...... 740 ‘ Table II-se Types of High School Organizations and Number of each .............................................. 743 Table III—se High School Enrollments by Grades, Race, and Control ...................................................... 744 " Table IV—se Complete High School Organizations Grouped According to Size, Race, and Control ........ 744 Table V—se Number of High School By Years ...................... 745 I Table VI—se Enrollment by Years in Different Types of High Schools .................................................... 746 Table VII-se High Schools Accredited Through Grade TWelve (1909-1950) ........................................ 747 Table VIII-te Training Level of Employed Elementary and Secondary Teachers in Kentucky. 1940~41 1944-45 1946-47 1948-49 1949-50 1950—51 .............................................. 754 Table IX-te Number of Qualified and Emergency Teachers _ Employed During the Past Decade ............ 755 j Table X—te Number of Certificates Issued or Re-issued 757 ‘ Table Zia-ft Textbook Expenditures, Grade Enrollments, \ etc. ...... .. ............ 761 Table XII-ft Number of Textbook Orders ................................ 762 a Table XII-ft Present Cost of Textbooks for Required Subjects .............................................................. 762 Table XIV-ft Present Cost of Textbooks for Optional Subjects . 763 Table XV-ft Textbook Sales and Fines by School Years ...... 763 Table I-ve Table II-ve Table III-vt Table IV-ve Table V-sl Table VI-t 86 1 Table VII-do Table VIII-ve Table IX—t 85 1 Bureau of Finance Table 1-0 Table II-c Table III-c Table IV-c 3? Table V-c Table VI-c Table VII-c LIST OF TABLES—Continued Bureau of Vocational Education Number of Persons Enrolled in Programs of Vocational Agriculture ......................... Expenditures for Vocational Agriculture .......... Veterans Enrolled in Institutional On-Farm Training Program By School Districts ...... Number of All Day Departments, Young Adult Program and Adult Programs in Home Economics and Food Conser- vation Adult Courses, and Enrollment, by Years ............................................................ Reimbursement Received Each Year for School Lunch Programs, Number of Schools Receiving Reimbursement and Number of Children Participating during the Peak Month of Operation .................... Number of Students in Trade and Industrial Classes ................................................................ Number of Students in Distributive Occupa- tions Education Classes ................................ Disbursements of Federal and State Funds to all Area Vocational Schools .......................... Number of High School Teachers in Trade and Industrial and Distributive Educa- tion and the Amount of Reimbursement from Federal Funds for these Programs Number of Census Children by County and Independent Districts from 1940 to 1951 .................................................................... Number of Children Enrolled in Public Schools of County and Independent Districts from 1940 to 1951. Grades 1-12.... Number of Kentucky Children Enumerated of Ages 6-17 inclusive, Enroled in Private or Parochial or other Schools, April 1, 1950 .................................................................... Number of Kentucky Children Enumerated of Ages 6-17, Inclusive, Enrolled in Private or Parochial or Other Schools, April 1, 1951 .............................................. Number of Children from 6-17 Inclusive, Not Enrolled in Any School and the Causes of Non-Enrollment April 1, 1950.... Number of Children 6-17, Inclusive, Not Enrolled in any School, and the causes of Non-Enrollment April 1, 1951 .................. Average Daily Attendance from 1942 to 1951.... Page 770 770 772 775 779 782 783 783 783 799 799 799 800 801 802 803 ige 70 70 72 '5 Table Table Table Table Table Table Table Table Table Table Table Table Table Table Table Table Table Table LIST OF TABLES—Continued VIII-c XII-c XIII-c XVI-c XVIII-C XIX- c XX-c m—f XXII-f )QCIII-f XXIV-f XXV-f Per Cent of Average Daily Attendance Based upon Census, Em'ollment, and Average Daily Membership for the School years 1945-46 to 1950-51, Inclusive ........................ Membership at Close of Year 1949—50, Showing Number Promoted and Number Retained (white) .............. Membership at Close of Year 1950-51 Showing Number Promoted and Number Retained. Public School Enrollment by Grades and Race in County and Independent Districts for School Year 1949-50 .............. Public School Enrollment by Grades and Race in County and Independent Districts for School Year 1950-51 ................................ Number of Census Children by Race and Sex at Each Age in County and Inde- pendent Districts with State Totals as of April 1, 1950 ................................................ Number of Census Children by Race and Sex at Each age in County and Independent Districts with State Totals as of April 1, 1951 ............................................................... Number of High School graduates by Race, Sex and Age in County and Independ- ent Districts with State Totals for the School Year 1949-50 ...................................... Number of High School graduates by Race, Sex and Age in County and Independ- ent Districts with State Totals for the School Year 1950-51 ...................................... Summary of Attendance and Teaching Personnel by Types of Organization— 1949—50 .............................................................. Summary of Attendance and Teaching Personnel by Types of Organization 1950-51 ...................... General School Statistics for Year ended June 30, 1950 .................................................... General School Statistics for Year ended June 30, 1951 .................................................... State Per Capita, Local Revenue Receipts, Total Teachers’ Salaries, Number of Teachers and Mean Average Teachers’ Salaries in Kentucky from 1931-32 to 1950-51 Inclusive ............................................ Summary of School Terms 1950-51 ...................... Summary of School Terms 1951-52 Summaries and Comparisons of School Tax Rates Financial Statements for School Year ending June 30, 1950 .................................................... Page 803 827 828 829 830 831 832 833 334 835 837 840 858 805 806 806 806 807 LIST OF TABLES—Continued Page XXVI-f Financial Statements for School Year ending June 30. 1951 ........................................................ 813 mn-f Summary of Financial Reports, June 30, XXVIII—f Summary of Financial Reports, June 30, 9 XXIX-f Financial Report for Year ending June 30, XXX-f Financial Report for Year ending June 30, 1951 . ’ag‘e 813 819 822 876 980 PART I REPORT OF THE SUPERINTENDENT OF PUBLIC INSTRUCTION O LOOKING TO THE FUTURE Progress in education in Kentucky during the last four years has been substantial and significant. The activities and accomplishments outlined here have made a noteworthy contribution to the improvement of the public schools of the state and to the welfare of the people. Many problems, however, remain which must be met if education is to serve in the most effective way. Some of these problems are accentu- ated because of outmoded provisions of the State Constitution. Others are aggravated by the low per capita income of our people. These prob- lems are of such magnitude to challenge the best minds for decades. Attention should be given to these problems: 1. A defensible minimum foundation program is the first need of public education in Kentucky. Section 186 of the Constitution should be amended at the earliest possible time to permit Kentucky to use this current pattern of educational financing. This satisfactory minimum program would provide a floor under educational opportunity below which no district would be allowed to go and to which every district would be permitted to add. This foundation program calls for a fiscal partnership between the state and the local school district. The key to this partnership is the sharing of the cost of the program in such a way that the burden shall fall upon the people of all districts in an equitable way accord- ing to their power to pay taxes. It further demands that the burden of the property tax which supports local initiative shall not be greater than the burden on other types of taxes. 2. The teacher shortage must be met. Ways must be found to encourage the most promising youths to enter teaching. The implementation of the foundation program concept will encourage the best to enter teaching. Consolidation of the more than 3.000 one room schools is a must if a competent teacher is to be provided every classroom. 3. There is need for further reorganization of local school districts into eflicient administrative, supervisory and attendance units. Kentucky cannot afford to use its limited financial resources unwisely. 4. The Department of Education should be expanded to provide needed services and leadership to other important facets of the school pro- gram. The resources of the Department in the fields of research and public information are limited. Lack of supervision at the state level in guidance and counseling has handicapped the development of these programs locally. Supervision and auditing of activity funds of local schools would provide a valuable service which cannot now be under- taken because of the limited supervisory staff in finance. Areas such as music education, conservation education and audio-visual educa— tion need supervision at the state level to enhance their development locally. Special attention needs to be given to the encouragement of the program for the handicapped. Supervision should be given in the areas of speech and hearing and mental retardation. 723 5. The minimum term length should be extended to nine (9) months, Every Kentucky child regardless of his race, social status, or place of residence should be guaranteed the opportunity to attend school for at least nine months. Every child is entitled to a school term that will-enable him to make normal progress year after year. 6. Capital outlay or long-term financing should be further separated from the financing of the current educational program. The rigorous restrictions of Section 158 of the Kentucky Constitution have forced the financing of capital outlay from revenue that would otherwise have been available for the current school program. Section 153 should be amended without delay. The special voted building fund tax should be used to provide revenue for financing the capital outlay program. The superior revenue resources of the state should be taxed to assist in meeting the need for adequate buildings. 7. The rural road program has made possible the consolidation of small schools and the transportation of their pupils to more adequate centers. The time has come for the state to assist in financing the cost of pupil transportation. 8. The vocational education program Should be expanded as a means of raising the per capita income of the state. The supervisory and teacher training program in these fields should be increased as the program expands. 9. The most important improvement that can be made with reference to the Teachers’ Retirement program would be in the nature of in- creasing the current contribution of the teacher and the state. Such an increase should not be less than one per cent in each age bracket [/ and should be matched by the state. Teachers should be permitted to make contributions matched by the state on salaries up to $3,600 to $4,000. 10. The instructional program is the prime element in education. All services provided have but one purpose—to improve the education of children. No school is perfect. There is no school regardless of the level of expenditure and the organization and quality of its staff but can, by taking thought, improve the quality of its educational program. Many improvements could undoubtedly be made without the outlay of an additional dollar. But a realist must know that smaller classes and more adequate staffing will cost more. A change from textbook teaching to a realistic approach through instructional aids will be expensive. In the long haul, however, a community or a state has the type of educational program it purchases with tax dollars. 1, This program is not the work of starry-eyed dreamers. It is practical. 1‘ It is based on modern educational concepts with full regard to its impli- cations for sound fiscal policy. It gives full regard to our resources as well as to our responsibilities. When its full portent is understood by the citizens of Kentucky, they will demand that it be implemented in order that no Kentucky child be denied his educational birthright. BOSWELL B. HODGKIN Superintendent of Public Instruction 724 Inths, .ce of )1 for that rated )rous )rced L'WiSE , 158 fund itlay axed mall uate the sans and the :nce uch :ket ;ted 600 All ion of .aff nal )ut iat ige ial ax a1. e11 he er TEACHERS’ RETIREMENT SYSTEM This is a brief report covering the period July 1, 1949, to July 1, 1951. The reader is respectfully referred to the Annual Reports of the Retire— ment System prepared under 161.320, KRS The interest of the teachers has greatly increased during this bien— nium, and the Retirement System has prospered. The holding and stabilizing effect of the System has been apparent in a reduction of the number of members not now teaching, but who have taught within the last three years. Six years ago the number in this category was about 8,000, while on July 1, 1951, the number was 2,855. The number paying monthly contributions during 1950-51 was 23,145. Teachers are now fully realizing the value of a year of service credit and are not so inclined to go to another state to teach, or to accept employment in other fields as formerly TABLE 1. Membership 1940-51 SERVICE RECORDS With Prior Without Prior T otnl with Members Service Service Records Without Totals Filed Records Filed Active Membership ................... 11 ,968 11,146 23,114 2,885 25,999 Inactive accounts in Membership ....... 1,464 1,565 . 3 ,029 4 , 156 7.185 1nactive accounts—Membership lost. . . . 499 209 708 708 Professional Service Records in force , . .13 ,432 12,711 26,143 - Deceased before Retirement. , . . . . . . . 451 40 491 60 551 Withdrawn ......................... 7,957 4,440 12,397 3,230 15,627 Retired ............................ 1,456 5 1,461 1,461 Records pending .................... 43 23 06 66 Certificates issued—Refunds made within Year .................... . 647 243 890 890 13,432 12,711 26,143 7,041 33,184 11,053 4,060 10,013 3,290 19,303 Total Accounts Handled 1940~51 ..... 24,485 17,671 42,156 10.331 52.481 The excellent amendments to the Retirement Act made by the Gen— eral Assembly in regular session in 1950 have greatly increased the value of the System to the teachers. Age requirements for retirement for disability and for superannua— tion were repealed, leaving only a service requirement. This enabled the removal of many sick and inefficient teachers from the classroom, thus improving instructional service. During 1950-51 two hundred and two teachers were retired with an age range from 39 years to 70 years. For this year, alone, 8,000 pupil children were permitted to have a younger, more alert and more vigorous teacher. For the preceding year of 1949-50, 150 teachers were retired. The amendment permitting members of the Retirement System to 725 make voluntary unmatched contributions for the purpose of buying an additional annuity at retirement is not yet sufficiently understood to be of service to them. This amendment is 161.705, KRS. We believe it will prove to be an important provision. The present inflationary conditions prompted the passage of an amendment increasing a second time the minimum retirement allowance and appropriating $250,000 for the biennium to pay the extra cost. On the basis of 30 years or more of service credit, the minimum was increased from $300 to $480. This included retired teachers, as well as those who may retire subsequently. This was an increase of 60%; from $10 per service credit year to $16. A teacher retiring with 20 years of service credit will have a minimum of $320; a maximum of $720. This amend- ment increased the retirement allowance of about 65% of all retired teachers and met a very great need. It was considered the most im- portant amendment by the profession. Receipts by Sources Year From Teachers From the State Interest and Profits Totals 1949—50 ....... . $1,182,974.01 $1 .477 ,875. 00 $429 $361.89 53 ,090,210.90 1950—52 ....... . 1,255,319.51 1,030,000.00 399,979.09 3.285.298.00 The mark of a good Retirement System is that the State taxpayers contribute at least as much as the teachers and that interest on the reserve funds be a significant part of the receipts. During the biennium interest and profits equaled 15% of contributions of‘ teachers and state. The time will come, if the System is kept on a full—reserve basis, when interest will carry half the cost. This makes it easier on teacher and taxpayer. Since July 1, 1942, on which date the first teachers were retired. $2,000,000 in round numbers has been paid to retired teachers. or this amount, the retiring teachers provided $331,140.93 and the State and interest provided the balance. During 1950—51, $515,230.92 was paid to retired teachers; $28,296.05 to beneficiaries of deceased teachers; and $244,174.48 refunded to resigning teachers. Total disbursements to teach— ers $787,701.45. The General Balance Sheet June 30, 1951, shows assets of $20,124,— 465.24. This means the Retirement System is financially sound. Trust Fund balances are shown in this statement. The prospective obligations of the System as of July 1, 1950, were $58,465,679.97. The present assets are 34% of the total obligation which shows actuarial soundness. To date 1,461 teachers have been retired. This provides a satisfactory and honorable means by which near 60,000 pupil children may have a young and more vigorous teacher. In this way the Retirement System has a very direct beneficial effect upon instruction in the classrooms of the public schools. As time passes the annuity due will be greater, the weeding-out process easier, and the beneficial results still more pronounced. Report prepared by N. O. Kimbler and Staff 726 ‘ an > be will zers :rve .‘est lme will red, this and to and ch— 24, - ‘ust ons sets cry 2 a ;em , of the :ed. General Balance Sheet TEACHER‘S’ RETIREMENT SYSTEM June 30, 1951 ASSETS Current Cash ................................................... $ 289,354.50 Deposit—U, S. Post Oflice ............................... 14.72 Total Cash ......................................... $ 289,369.31 Investments—Schedule I Investments (Par) ..................................... $19,650,000.00 Unamortized Premium ................................. 179,649.17 Unamortized Discount .................................. —14,775.55 Accrued Interest ....................................... 1,331.52 Total Invested ...................................... 19,816,205.14 Fixed ‘ Office Equipment . . . . ................................... 18,890.79 Total Assets ....................................... $20,124,465.24 LIABILITIES AND FUND BALANCES Current Encumbrances Outstanding ...........................