Legislation

Search OpenLegislation Statutes
This entry was published on 2014-09-22
The selection dates indicate all change milestones for the entire volume, not just the location being viewed. Specifying a milestone date will retrieve the most recent version of the location before that date.
SECTION 4604
Contributions
Insurance (ISC) CHAPTER 28, ARTICLE 46
§ 4604. Contributions. (a) The participating employees, or the
employer, or both may contribute to the funds of the system and the
rates of contribution shall be fixed by the trustees upon the basis of
actuarial recommendations and shall be adequate to support the benefits
granted.

(b) The trustees may, with the approval of the superintendent,
increase or decrease the rates of contribution whenever such action is
deemed by them necessary to preserve the solvency and equity of the
system.