Written trust agreement; contents.

Sec. 9. The written trust agreement for each retirement system shall contain all of the following provisions consistent with this act: (a) Recitals describing the creation and purpose of the trust. (b) Language reflecting the requirements of sections 4 through 7. (c) Sections outlining the management and operation of the trust. (d) A description of the various accounts that carry out the functions of the trust. (e) Provisions setting forth the powers and duties of the trustees. History: 2010, Act 77, Imd. Eff. May 19, 2010