162.1. The pension committee compensates members who sustain a loss in the performance of their duties and who have committed no fault.
If a member has committed a fault other than a deliberate or gross fault and is covered by liability insurance, the committee may compensate up to the amount of the deductible. Before making a decision, the committee must take the adverse effect of the compensation on the financial interests of the pension assets and other circumstances into consideration.
2006, c. 42, s. 27; 2018, c. 2, s. 1171.