No municipal fund or system of pensions for officers or employees of the Municipality other than that provided under the Ohio Workmen's Compensation and Public Employees Retirement System Acts, or any State or Federal agencies with which they may be merged or consolidated shall ever be created or established unless or until Council shall so determine and provide by ordinance; but in its discretion Council may at municipal expense provide health, accident or life insurance within limits determined by Council for all full-time employees of the Municipality.
(Amended 11-7-78)