Chapter 18 PENSIONS*
Section 18-64 Creation of firefighters' retirement plan and fund.
There is hereby created
, pursuant to the constitution and laws of Missouri,
retirement plan for the retirement of covered
plan of retirement
benefits paid on account of age
death. In order to maintain such
benefits, a firefighters' retirement fund is hereby created and shall be maintained as the council
deems appropriate from public funds appropriated by the council, from the contributions of
covered employees and from such other funds and sources as have been previously set forth.
This fund shall be a trust, within the meaning of section 401(a) of the Code,
created for the
exclusive benefit of covered
their spouses and minor children. At
no time prior to the satisfaction of all liabilities with respect to
their beneficiaries under the trusts, shall any part of the corpus or income be used for, or diverted
to, purposes other than for the exclusive benefit of covered
or their beneficiaries.
Except as otherwise provided in this plan, the trust fund shall be retained for the exclusive
benefit of employees and their beneficiaries, shall be used to pay benefits to such persons, to pay
administrative expenses to the extent not paid by the city, and shall not revert to or inure to the
benefit of the city.
(Code 1964, § 9.1920; Ord. No. 18868, § 1, 2-4-91; Ord. No. 018160, § 1, 7-6-04)
(Ord. 018160, Amended, 07/06/2004, Prior Text)