All pension and retirement plans of the City of Lexington existing on the effective date of this Charter shall continue in full force and effect. All benefits and rights provided by said plans shall continue unimpaired and shall constitute an obligation and liability of the Lexington-Fayette Urban County Government. The Council may, within the limits of law, increase the rights and benefits of said plans, but may not decrease such rights and benefits.
All persons entitled to benefits under the aforementioned pension plans on the effective date of this Charter shall continue to be entitled to such benefits. After the effective date of this Charter, service with the Merged Government shall constitute service under the terms and provisions of said plans for the purpose of determining eligibility of benefits. In no case shall any employees of the Merged Government be entitled to benefits under said plans unless they are a member thereof.