Payments of pensions shall not be a charge on any fund in the Treasury of the City or under its control, save the Firemen's Pension Fund herein provided for. The basis of the pension of a member shall be determined by the monthly pay of the member at the date of retirement, whether for disability or by reason of age and service, and shall be one-half the annual pay of such member at the time of retirement computed at such monthly rate. In the case of the payment of pensions to members for permanent injury incurred in service, and to families of members killed in service, the amount and commencement of the payment of pensions shall be fixed by regulations of the Board of Managers, which shall take into consideration the amount and duration of worker's compensation allowed by law.
(Ord. 2752. Passed 6-17-48.)