607 - Retirement system.

§  607.  Retirement  system.  Persons  who  are members of an existing  pension  or  retirement  system,   or   beneficiaries   or   prospective  beneficiaries  thereof,  shall  continue to have the rights, privileges,  obligations and status with respect to such  system  which  are  now  or  hereafter  may  be provided by law and the benefits of such system shall  not be diminished or  impaired  by  reason  of  the  enactment  of  this  chapter.