§ 23-222. Name and date of establishment.

A retirement system is hereby established and placed under the management of the board of trustees for the purpose of providing retirement allowance and other benefits under the provisions of this division for employees of Jefferson Parish, who are members of this retirement system. The retirement system so created shall be established as of the first day of January 1973.

It shall have the power and the privileges of a corporation and shall be known as the "Employees' Retirement System of Jefferson Parish, Louisiana," and by such name all of its business shall be transacted, all of its funds invested and all of its cash and securities and other property held except that securities may be held in the name of any nominee designated by any custodian designated by the board of trustees.

(Ord. No. 11027, § 2, 1-18-73; Ord. No. 15533, 5-4-83)