(a) Each participating municipality is liable to the retirement system for the cost of funding a retirement system for its employees who are members of the system, including all contributions collected from employees, including any contributions pursuant to chapter 10.3 of title 36. (b) The liability of a municipality, including the liability under any formalized, commissioner approved, cooperative service arrangement under this chapter is enforceable by the retirement board against the municipality through appropriate action in the superior court. (c) The state is further empowered to withhold from any municipality that amount of the municipality’s portion of any shared taxes which is sufficient to satisfy the liability, including any liability pursuant to chapter 10.3 of title 36.
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