Retirement board; control and management of account containing assets of retirement system; payments from account

Retirement board; control and management of account containing assets of retirement system; payments from account. (a) The retirement account is established. (b) The board has the control and management of the retirement account which shall contain all the assets of the retirement system. (c) From the retirement account shall be paid: (i) this article; Refunds of member accounts in accordance with (ii) Benefits for members retired under the terminated systems; article; (iii) Repealed by Laws 1994, ch. 67, § 3. (iv) Retirement or disability benefits under this (v) Death and survivor benefits as provided for by this article; and article. (vi) Reasonable administrative expenses under this