All of the funds, assets, liabilities, duties, obligations and rights provided for by chapter 14, title 72 , Idaho Code, shall be transferred to, and integrated with, the employee system on October 1, 1980. Benefits payable to firefighter members shall become the obligation of the employee system on October 1, 1980. Cash on hand in the firefighters' retirement fund shall be deposited to the credit of the public employee retirement fund as provided in section 59-1311 , Idaho Code.
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