<?xml version='1.0' encoding='utf-8'?>
<section article="gsp" article_name="State Personnel and Pensions" number="21-301" title_number="21" title_name="State Retirement and Pension System" subtitle_number="3" subtitle_name="Funding">
  <level label="a">
    <text>In each State system, there is:</text>
    <level label="1">
      <text>an accumulation fund;</text>
    </level>
    <level label="2">
      <text>an annuity savings fund; and</text>
    </level>
    <level label="3">
      <text>an expense fund.</text>
    </level>
  </level>
  <level label="b">
    <text>The Board of Trustees shall credit the assets of each State system to the appropriate fund of the State system according to the purpose for which the assets are held.</text>
  </level>
</section>
