105.662. Public pension funds not to be commingled — trusteeship. — The assets of public pension funds represent the deferred wages and future economic security of plan participants and shall not be commingled with any other funds of the political jurisdiction. All funds of the plan shall be placed in a trusteeship, and adequate reporting and disclosure requirements shall be established.
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(L. 1992 S.B. 499, et al. § 4)