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This entry was published on 2014-09-22
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City not liable for payment of benefits
Education (EDN) CHAPTER 16, TITLE 7, ARTICLE 125-A
§ 6255. City not liable for payment of benefits. Neither the city nor
the board shall be a party to any contract purchased in whole or in part
with contributions made under the optional retirement program
established and administered pursuant to this article. No retirement,
death, or other benefits shall be payable by the city or by the board
under such optional retirement program. Such benefits shall be paid to
electing employees or their beneficiaries by the designated insurer or
insurers in accordance with the terms of their contracts.