Sec. 10. (a) For purposes of this chapter, there is appropriated for each biennium the following sums of money: (1) From the state general fund, the amount required to actuarially fund participants' retirement benefits under this chapter, as determined by the board on the recommendation of an actuary. (2) From the defined benefit fund, the amount required for administration of this chapter. (b) The biennial appropriation provided in this section shall be credited to the defined benefit fund annually in equal installments in the month of July of each year of the biennium.
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