The city is hereby authorized to incur the necessary expenses for the establishment,
operation, and administration of the system, and to appropriate and pay the same.
In addition, the city is hereby authorized to appropriate annually such amounts as
are required in addition to employee contributions to maintain the system and the
fund in accordance with the provisions of the defined contribution plan. Any appropriation
so made to maintain the system and fund shall be for deferred wages or salaries, and
for the payment of necessary expenses of operation and administration to be transferred
to the trustees of the Oklahoma Municipal Retirement Fund for such purposes and shall
be paid into the fund when available, through the city treasurer, to be by him duly
transferred to the Oklahoma Municipal Retirement Fund.
(Ord. No. 97-20, § 1, 5-20-97)
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