13-14a12. How pensions and benefits paid; annual report.
13-14a12
13-14a12. How pensions and benefits paid; annual report.
All pensions and benefits paid and all moneys drawn from the respective
pension funds, under the provisions of this act, shall be upon order of the
respective board of trustees and signed by the president and secretary of
such board, and payment shall be made by the issuance of city warrants or
warrant checks as provided by law, when approved and passed by the
governing body. The treasurer of the board of trustees shall prepare
annually a report of the receipts and expenditures for the year ending
December thirty-first of the previous year, showing the money on hand, how
invested, and all moneys received and paid out, which report shall be filed
with the city clerk.
History: L. 1945, ch. 111, § 12; July 1.