[Ord. 6/10/70 §§ I—V]
a.
There
is hereby established a retirement system for employees of the Town
of Brooklyn commencing in and for the fiscal year of July 1, 1969
to June 30, 1970, and continuing thereafter.
b.
The
Board of Finance and the Board of Selectmen, or any successor or successors
to their power, are hereby authorized to establish, administer and
maintain a retirement system for the employees of the Town, and to
make provisions, by regulations, appointment of boards, committee,
agencies or commissions, for the establishment, administration, and
maintenance of the retirement system.
c.
The
retirement system may be financed by appropriation of Town funds,
contributions by employees, an insurance policy or policies, trust
funds, general contributions or bequests, or any other legal, actuarial
and fiscally sound means.
d.
The
retirement system may be administered in conjunction with or in the
light of other retirement or pension benefits presently or in the
future equitably available to the beneficiaries thereof.
e.
The
retirement system may provide benefits for the dependents and/or survivors
of the Town employees and may be administered jointly or in conjunction
with any other benefits or plan of benefits presently or in the future
equitable available to Town employees, their dependents and/or survivors.
