"Retirement benefit plan" means an arrangement whereby an entity provides benefits to individuals either on or after their termination of service because of retirement or disability. "Retirement benefit plan" does not include wage continuation payments, severance payments, or payments made for accrued personal or vacation time. (Effective for tax years beginning on/after January 1, 2020.)
(Ord. 11375-2023. Passed 12-12-23.)