Sec. 4.
When a system for retiring allowances has been agreed upon by the local legislative body and the library board and formally adopted by the former, then it shall be the duty of said local legislative body to raise by taxation each year, the sum found necessary to produce the retiring allowance fund required by the system adopted.
History: 1927, Act 339, Imd. Eff. June 1, 1927 ;-- CL 1929, 8112 ;-- CL 1948, 38.704
Structure Michigan Compiled Laws
Chapter 38 - Civil Service and Retirement
Act 339 of 1927 - City Library Employees' Retirement System (38.701 - 38.706)
Section 38.701 - City Library Employees' Retirement System; Establishment.
Section 38.703 - Approval of Plan by Legislative Body; Commencement.
Section 38.704 - Annual Assessment for Retirement Allowance.
Section 38.706 - Municipal Employees' Retirement System; Coverage of Employees of Public Libraries.