HARRY HUGHES, Governor

3143

power, or the performance of any duty authorized or imposed
by this article.

(7)  Subject to the limitations of this article, the
board of trustees shall from time to time, establish rules
and regulations for the administration of the funds created
by this article and for the transaction of its business.
The board of trustees shall have power to require any
officer, board or commission of the State to furnish it,
upon application and without cost, certified copies of any
record or papers in their official custody, and to require
the attendance of witnesses and the production of papers,
under summons, subpoena or other process, before said board
when considered necessary for the proper administration and
enforcement of this article or of the regulation adopted
pursuant thereto; and for this purpose the said board, or
any member thereof, shall have the right to administer oaths
to such witness.

(8)  The said board may hold hearings when deemed
necessary in the performance of its duty, the hearings to be
governed by the rules and regulations of the board, and the
board shall not be bound by technical rules of evidence.

(9)  The board of trustees shall elect from its
membership a chairman. The Secretary of Personnel shall be
secretary to the board, and shall be responsible for such
administrative functions as had been previously performed by
the director of retirement systems to carry out the duties
and business of the retirement system. The board shall
engage such actuarial and other professional services as
shall be required to transact the business of the retirement
system, and the board shall determine the amounts of
compensation to be paid for such services. The
compensation of all other persons engaged by the retirement
system, and all other expenses of the board necessary for
the operation of the retirement system, shall be paid at
such rates and in such amounts as the Secretary of Personnel
shall approve, and in accordance with appropriations made by
the General Assembly. The Secretary of Personnel is
authorized to delegate to the assistant secretary of
personnel for retirement systems such administrative duties
conferred upon the Secretary by this section as the
Secretary deems appropriate.

(10)  The board of trustees shall keep in convenient
form such data as shall be necessary for actuarial valuation
of the various funds of the retirement system, and for
checking the experience of the system.

(11)  The board of trustees shall keep a record of all
its proceedings, which shall be open to public inspection.
It shall publish annually a report showing the fiscal
transactions of the retirement system for the preceding
fiscal year, the amount of the accumulated cash and