Section 6255. City not liable for payment of benefits  


Latest version.
  • Neither the city nor
      the board shall be a party to any contract purchased in whole or in part
      with   contributions   made   under   the  optional  retirement  program
      established and administered pursuant to this article.   No  retirement,
      death,  or  other  benefits shall be payable by the city or by the board
      under such optional retirement program.  Such benefits shall be paid  to
      electing  employees  or their beneficiaries by the designated insurer or
      insurers in accordance with the terms of their contracts.