(1) prorate the expenses of administration of the fund between the retirement allowance accounts; and

(2) pay the prorated expenses from those accounts.

     (b) The board shall pay the expenses for the administration of the system as provided in IC 5-10.5-6-5.

[Pre-2006 Education Finance Recodification Citation: 21-6.1-2-4.]

As added by P.L.2-2006, SEC.28. Amended by P.L.35-2012, SEC.87.