9-16-5.5. Administrator--Qualifications--Employees--Bond.
73 words·~1 min read·
/sd/title-9/chapter-9-16/9-16-5-5A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Board of Trustees may appoint an administrator, who shall be qualified by training and experience requirements set by the board. The administrator may hire additional employees as may be required to transact the business of the retirement system. The board shall require bonding of the administrator in an amount set by the board, which may be included under any municipal employees' blanket bond. The bond premium may be paid by the system.