§ 22-64. Deposits from general fund.

The city treasurer is further authorized and directed to pay into the police pension and retirement system from the general fund of the city as follows:

(1)

Commencing on July 1, 1980, an amount equal to four (4) percent of the total salary or wages paid the members of the police department; and

(2)

Commencing on January 1, 1982, an amount equal to six (6) percent of the total salary or wages paid the members of the police department; and

(3)

Commencing on January 1, 1983, an amount equal to eight (8) percent of the total salary or wages paid the members of the police department; and

(4)

Commencing on January 1, 1984, an amount equal to ten (10) percent of the total salary or wages paid the members of the police department.

Said amounts shall be deposited monthly in the police pension and retirement system of the city.

(Ord. No. 986, § 2, 8-2-77; Ord. No. 1076, § 2, 7-1-80)