(A) The city elects to become a participating unit in the 1977 Police and Firefighters’ Pension and Disability Fund, as established by Pub. L. No. 9, (Special Sessions, 1977), and all Acts amendatory thereof and supplemental thereto.
(B) The city agrees to make the required contributions to the 1977 Police and Firefighters’ Pension and Disability Fund.
(C) The following are declared to be covered by the 1977 Fund: All full-time police officers presently employed by the city who have met the minimum medical standards of the 1977 Fund and all subsequent employees hired as full-time police officers for the Police Department.
(D) This section establishes a retirement fund for the employees declared in division (C) above and supersedes any other resolution for a retirement system now in effect for said employees.
(E) The active date of participating membership of the city shall begin on July 1, 2004.
(Res. 6-2003, passed 9-23-2003)