A municipality may enter into contracts with private insurance companies to establish a retirement system for its employees. History: 1953 Comp., § 14-17-24, enacted by Laws 1971, ch. 71, § 1. Am. Jur. 2d, A.L.R. and C.J.S. references. — 60A Am. Jur. 2d Pensions and Retirement Funds §§ 1604, 1606. 62 C.J.S. Municipal Corporations §§ 649 to 660.
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