As of the effective date of this section (Ordinance 4460, passed April 13, 1988), each member shall contribute five percent of his or her compensation each month to the Pension Fund.
With the approval of Council, a member who is making contributions and who served in the Armed Forces of the United States after September 1, 1940, and who was not a member of the Police Pension Fund prior to such military service, shall be entitled to have full credit for each year or fraction thereof, not to exceed five years of service, upon his or her payment to the Pension Fund of an amount equal to that which he or she would have paid had he or she been a member during the period for which he or she desires credit, and upon his or her payment to the Pension Fund of an additional amount as the equivalent of the contribution of the employer on account of such military service.
(Ord. 4460. Passed 4-13-88.)