No. 33023.

46 Wn.2d 67 (1955)

278 P.2d 641

RUDOLPH NACCARATO, Respondent, v. WILLIAM A. SULLIVAN et al., Appellants.

The Supreme Court of Washington, Department Two.

January 6, 1955.

Attorney(s) appearing for the Case

The Attorney General and Ralph M. Davis, Assistant, for appellants.

Lynch & Lynch and Rudolph Naccarato, for respondent.


The state employees' retirement system was established by chapter 274 of the Laws of 1947. It was a complete act consisting of fourty-four sections, created for the benefit of the employees of the state, and it established a board consisting of seven members who were to administer the act, and to collect, invest, and disburse funds to be used in its operation. Section 8, p. 1173, provided:

"(a) Investment of Funds. The members of the...

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