§ 2-56-12. Retirement system.

Latest version.

The transit authority board is authorized by resolution to take action as to retirement and disability allowance of its employees, former employees of the transit authority and employees of the former Memphis Transit Authority, as deemed necessary or appropriate by the transit board, including, but not limited to, the transfer to and assumption by a management company, employed pursuant to section 2-56-5, of the assets and administration of the retirement and disability retirement plan.

(Code 1967, § 2-290; Code 1985, § 2-347; Ord. No. 2252, § 13, 5-13-1975)

                    
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