Sec. 1. (a) All powers, duties, liabilities, records, property, and employees of the field examiners retirement board (referred to as FERF in this chapter) are transferred to the board of trustees of the public employees' retirement fund (referred to as PERF in this chapter) (as the board existed before its abolishment on July 1, 2011) as the successor agency. The assets of FERF are transferred to PERF. (b) Rules of the FERF board of trustees filed with the secretary of state before July 1, 1986, shall be treated after June 30, 1986, as though they had been adopted by the PERF board of trustees (as the board existed before its abolishment on July 1, 2011).
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