§ 128-35. Obligations of pension accumulation fund. - North Carolina Statutes

§128‑35.  Obligations of pension accumulation fund.

The maintenance of annuityreserves and pension reserves as provided for, and regular interest creditableto the various funds as provided in G.S. 128‑30, and the payment of allpensions, annuities, retirement allowances, refunds and other benefits grantedunder the provisions of this Article, are hereby made obligations of thepension accumulation fund. All income, interest and dividends derived fromdeposits and investments authorized by this Article shall be used for thepayment of said obligations of the said fund. (1939, c. 390, s. 15.)