Altus |
Code of Ordinances |
CODE OF ORDINANCES |
Chapter 22. PENSIONS AND RETIREMENT |
Article IV. POLICE PENSIONS |
Division 1. GENERALLY |
§ 22-86. Same—Change in salary.
Latest version.
Upon the increase or decrease in the base salary of a regular police officer of the city, the board of trustees of the police pension and retirement system may adjust the pensions being paid by one-third of such increase or decrease. Such increases or decreases shall be contingent on funds available and shall be applied uniformly in the city.
State law reference
Similar provisions, 11 O.S. Supp. 1978, § 50-115.