ยง88-109ย  Funds of the system.ย  Theassets of the system are assigned to the following funds hereby created:

(1)ย  The annuity savings fund;

(2)ย  The pension accumulation fund; and

(3)ย  The expense fund. [L 1925, c 55, pt of ยง8; RL1935, pt of ยง7927; RL 1945, pt of ยง712; RL 1955, ยง6-72; am L 1961, c 175, ยง8;am L 1963, c 127, ยง14; HRS ยง88-99; am L 1969, c 110, pt of ยง1; am L 1974, c220, ยง4; am L 1988, c 41, ยง5; am L 1998, c 151, ยง16]