Johnson v. State Employees' Retirement Assn.

Holt, Justice.

By L. 1929, c. 191, defendant was created. The statute constitutes its articles of incorporation. The object was to provide pensions for state employes compelled to retire from service on account of old age or disability. The statute permitted the then state employes to become members of defendant upon paying an initiation fee; but persons thereafter entering the state’s service thereby assume membership in defendant. From the salary of all members the state deducts three and one-half per cent every month for the retirement fund, of which the state' treasurer is custodian. The…