87.350. Expense fund, purposes, determination of amount.
Expense fund, purposes, determination of amount.
87.350. The expense fund shall be the fund to which shall becredited all money provided to pay the administration expenses ofthe retirement system and from which shall be paid all theexpenses necessary in connection with the administration andoperation of the system. Annually the board of trustees shallestimate the amount of money necessary to be paid into theexpense fund during the ensuing year to provide for the expenseof operation of the retirement system. Such estimate shall beprovided by the board of trustees from interest and otherearnings on assets of the retirement system.
(L. 1943 p. 708 § 8, A.L. 1959 S.B. 314 § 86.613, A.L. 1965 p. 214)