Chapter 18 PENSIONS*
Section 18-20 Interpretation and administration.
his article shall be interpreted and administered:
(1) Conservatively , to reduce the obligations of the fund, to prevent the overpayment
mispayment of any sum and to maintain the actuarial and financial soundness of the fund. In the
event of doubt as to any provision, it shall be interpreted against the payment of any benefit.
(2) In light of and in conformity with the provisions of the federal and state
federal and state statutes, and the home rule charter and ordinances of the city.
In such a manner as to confirm and continue the status of the police retirement plan and
the firefighters retirement plan as exempt governmental plans.
(Code 1964, § 9.1670; Ord. No. 12868, § 1, 2-4-91; Ord. No. 018160, § 1, 7-6-04)
(Ord. 018160, Amended, 07/06/2004, Prior Text)