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A savings bank may pay retirement and other benefits to its officers and employees in the manner provided by the Banks’ and Savings Banks’ Officers’ and Employees’ Retirement and Benefit Act.

L.1948, c. 67, p. 335, s. 196. Amended by L.1950, c. 288, p. 965, s. 2; L.1953, c. 124, p. 1310, s. 2.