There shall be established by the retirement board a special reserve account to be designated as the “teachers’ survivors benefit fund” and all contributions made and other money received under § 16-16-25 through § 16-16-38 shall be credited to and all payments for benefits shall be charged to this reserve account.

History of Section.
P.L. 1962, ch. 212, § 3; P.L. 1974, ch. 254, § 1; P.L. 1996, ch. 295, § 1.