38-811. Taxation of benefits; exemption of
contributions and securities


The member and employer contributions and the securities in the fund are exempt from
state, county and municipal taxes. Member and employer contributions that are made to and
subsequently withdrawn from the fund after December 31, 1974 by a member from the
accounts of the plan and are not received as benefits from the plan and benefits,
annuities and pensions received by a member from the plan after December 31, 1988 are
subject to state taxes pursuant to title 43.