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There hereby is created and established a special trust fund to be known as the “Workmen's Compensation Fund for Fire and Police Pensioners”, hereinafter referred to in this article as the “Fund”.
SECTION HISTORY
Based on Ord. No. 126,185.
Amended by: Ord. No. 135,894.
Tax moneys which shall be received by the Controller, either subsequent to December 1, 1963 and pursuant to the annual tax levy which has been or hereafter shall be made therefor as provided by Section 1210 of the City Charter or subsequent to July 1, 1967 and pursuant to the annual tax levy which has been or hereafter shall be made therefor provided by Section 1160 of the City Charter, shall be deposited by the Controller in said fund in such amounts as the Board of Pension Commissioners by resolution which may be adopted by said Board from time to time, shall authorize and direct the Controller to deposit therein. No moneys shall be deposited in such fund from either the Fire and Police Service Pension Fund or the Fire and Police General Pension Fund of the Fire and Police Pension System or from either the New System Service Pension Fund or the New System General Pension Fund of the New Pension System. The moneys so deposited in said fund shall be used for the exclusive purposes of paying Workers’ Compensation benefits to pensioners of the Fire and Police Pension System and of the New Pension System who shall be or shall become entitled thereto.
SECTION HISTORY
Based on Ord. No. 126,185.
Amended by: Ord. No. 135,894; Ord. No. 173,305, Eff. 6-30-00, Oper. 7-1-00.
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