Section 21-29-25 - Expenses of operation of retirement system

All expenses of the operation of the retirement system shall be paid out of the retirement reserve fund provided by Section 21-29-23. The Public Employees' Retirement System is hereby authorized to deduct two percent (2%) of all income, exclusive of employee contributions, to be transferred to the expense fund of the Public Employees' Retirement System of Mississippi to defray the costs of administering the fund.Codes, 1942, § 3652.3-25; Laws, 1948, ch. 386, § 25; Laws, 1987, ch. 511, § 7, eff. 4/30/1987.