§ 116. Official referees. Official referees in office on the effective date of this section shall, for the remainder of their terms for which they were appointed or certified, be official referees of the court in which they were appointed or certified as such or the successor court, as the case may be. At the expiration of the term of an official referee of the court of appeals or the supreme court, his office shall be abolished and he shall be subject to the provisions of section one hundred fourteen or one hundred fifteen of this chapter.