(1) A district may establish an employees’ retirement system. The board of commissioners may enter into agreements necessary to establish the system and carry out the plan and may agree to modifications of such agreements from time to time.
(2) The retirement plan may provide for retirement benefits measured on the basis of services rendered or to be rendered by an employee, either before or after the date on which such employee first becomes a member of the retirement plan. The retirement plan may provide for a minimum of years of service and a minimum and maximum age of retirement for the employee. [1965 c.348 §2; 1969 c.666 §48]
Section: Previous 264.710 264.715 264.720 264.725 264.730 264.735 264.740 264.745 264.750 264.810 264.820 264.830 264.840 264.875 264.990 NextLast modified: August 7, 2008