§ 2-243. City's contributions to the plan.  


Latest version.
  • (a)

    The city manager or his or her designee shall annually certify to the council the amount of contributions to be made by the city to the plan, based on the most recent actuarial report, and the council shall appropriate such amount to the credit of the plan.

    (b)

    If the amounts credited to the plan, together with the city's contributions for the fiscal year, are insufficient to meet all demands made upon the plan, the amount of such insufficiency shall be provided by the council.

(Code 1973, § 1.119; Code 1989, § 292.09; Ord. No. 1100, 2-18-2014)