Prior to the adoption of Ord. 018160 on 07/06/2004, Section 18-20 read as follows.


    In addition to the interpretation of the provisions of this article in such a manner as to confirm and continue its status as an exempt governmental fund, the provisions of tThis article shall be interpreted and administered:

(1)    Conservatively at all times, so as to reduce the obligations of the fund, to prevent the overpayment or 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 constitutions, federal and state statutes, and the home rule charter and ordinances of the city.

(3)        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)