Legislation
SECTION 425
Separability of retirement systems
Retirement & Social Security (RSS) CHAPTER 51-A, ARTICLE 9
§ 425. Separability of retirement systems. No provision of this
article shall be construed as an impairment of the separability of or of
the corporate powers and privileges of the employees' retirement system
or the police and fire retirement system. The comptroller shall
establish or continue separate funds and accounts for each retirement
system, consistent with the common retirement fund herein provided for,
as may be required to carry out the separate purposes and privileges of
each retirement system.
article shall be construed as an impairment of the separability of or of
the corporate powers and privileges of the employees' retirement system
or the police and fire retirement system. The comptroller shall
establish or continue separate funds and accounts for each retirement
system, consistent with the common retirement fund herein provided for,
as may be required to carry out the separate purposes and privileges of
each retirement system.