A. There is created in the sewage works of the city a fund entitled cash reserve fund.
B. The controller of the city is authorized and directed to transfer monthly to the sewage works depreciation fund a sum equal to at least five percent of the cash operating revenue of such sewage works.
C. Firefighters hired by the city under any pension play before the 1977 fund converted to the 1977 fund shall have the same enrollment requirements and drop benefits as firefighters hired under the 1977 fund. (Prior code §§ 7-35, 7-36) (Ord. 33-2023, 2023; Ord. 05-16, 2005)