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SMITHSONIAN INSTITUTION   1270

their present age, they cannot serve enough years to earn an annuity equivalent to that originally promised them. As of May 18, 1947, there were 15 individuals affected, but it is certain that through salary changes, resignation and death, a number of these individuals will be eliminated before any payments become due. In fact, the list already has been reduced by one. The names of these individuals are listed in the papers relating to this matter. To any that remain continuously in Smithsonian service to retirement, but to no others, additional retirement payments may be made, which added to the annual amount received from the Government will make a total equal to the annual amount that would have been paid under the Institution’s plan if this had been continued. Such payments would come from the Smithsonian Retirement Fund. 

Any moneys remaining in the Smithsonian Retirement Fund when these obligations have been concluded, will revert to the general funds, being divided between the Institution proper and the Freer Gallery of Art funds on a pro rate basis, according to the ratio of the total original contributions from each source.

The completion of this arrangement has been of advantage to the employees, since it is a final measure to place the privately paid staff on a parity as regards treatment with those on the Federal rolls.

STATEMENT ON RECENT ACTIVITIES

The Secretary reported to the Board as follows:

National Museum. It will be recalled that the Institution took part in atom bomb tests at Bikini Atoll, Marshall Islands, during the spring and summer of 1946. In this past summer three Smithsonian representatives were in the 

A.W.

Transcription Notes:
The initials AW appear on the lower left side of the page (not transcribed).