Section 47-4-25 - Powers and duties of the board(a) The board is given the following powers and duties: (1) To provide for the collection of all money provided for in this chapter;(2) To provide for the payment of all administrative expenses;(3) To hear and decide all applications for retirement benefits under this chapter;(4) To provide for the payment of all retirement benefits that may be determined to be due under the rules and regulations adopted by the board;(5) To make and promulgate all necessary rules and regulations not inconsistent with the laws of this state in order to carry out this chapter;(6) To determine eligibility of persons to receive retirement benefits under this chapter;(7) To make provisions for refunds or repayments to persons who may be entitled to receive them; and(8) To keep records of all its meetings.(b) The board shall also have all other powers necessary for the proper administration of this chapter.