(A) The City Treasurer shall transfer to the annuity reserve fund of the retirement plan, established by the ordinance, all assets of every description credited to the Albuquerque City Employees' Retirement Fund of the former plan.
(B) All annuities being paid from the Albuquerque City Employees' Retirement Fund of the former plan; as of the effective date of the retirement plan, shall become obligations of the retirement plan and shall be paid from the annuity reserve fund. In no case shall such annuities being paid be increased or diminished by reason of the adoption of the retirement plan.
('74 Code, § 2-5-12) (Ord. 964; Am. Ord. 6-1988)