§18-7C-4 Merger.
§18-7C-4. Merger.
(a) Subject to the provisions of subsection (b) of this section, on the first day of July, two thousand six, the Defined Contribution Retirement System shall be merged and consolidated with the State Teachers Retirement System pursuant to the provisions of this article.
(b) If a majority of the eligible voting members of the Teachers' Defined Contribution Retirement System do not elect in favor of the merger, then all of the provisions of this article are void and of no force and effect and the Defined Contribution Retirement System continues as the retirement system for all members in that system as of the thirtieth day of June, two thousand six.