The expense fund shall be the fund from which the expenses of the retirement system shall be paid, exclusive of the amount payable as retirement allowances and other benefits provided therein. Contributions shall be made to the expense fund as follows: The board of trustees shall determine annually the amount required to defray such expenses for the ensuing fiscal year and may transfer the amount required to defray the cost of expenses of administration from the amount transferred from the pension accumulation fund, but the amount so transferred shall not exceed one-half of one percent of total book value of the assets of the Registrars of Voters Employees' Retirement System.
R.S. 11:2140 active rs title
Expense fund; contributions to fund ACTIVE
Actions
References
None.
Cited by
History
- amendment Acts 1956, No. 445, §1
- amendment Acts 1958, No. 220, §2
- amendment Acts 1960, No. 163, §1
- amendment Acts 1964, No. 218, §1
- amendment Acts 1975, No. 341, §1
- amendment Acts 1981, No. 599, §1