The maintenance of annuity reserves as provided for, and regular interest creditable
to the various funds as provided in sections 23-272—23-277 of this division, and the payment of all pensions, annuities, retirement allowances,
refunds and other benefits granted under the provisions of this division, are hereby
made obligations of the pension accumulation fund. All income, interest and dividends
derived from deposits and investments authorized by this division shall be used for
the payment of the said obligation of the said fund.
(b)
Any member eligible for retirement, who does not have Social Security coverage at
the time of his retirement is hereby guaranteed that he will not get less benefits
under this system then those provided by the Federal Social Security Laws in effect
at the time of his retirement.
(Ord. No. 11027, § 12, 1-18-73)
var val = document.getElementById('citecontent').innerHTML;
art.dialog.defaults.title = window.location.href;
art.dialog.data('cite', val);
art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');
