The Council may by ordinance amend Tier 5 to establish maximum subsidy payments for beneficiaries and to authorize the Board to increase or decrease subsidy payments on the same terms and conditions that apply to subsidy payments for members of Tier 4 in Section 1618 of this Charter. Ordinances adopted pursuant to this section shall be adopted in the same manner as provided in Section 1618(b) of this Charter, but the City Council shall be advised in writing by an enrolled actuary as to the cost of the proposed program.
SECTION HISTORY
Added by Charter Amendment 2, approved March 8, 2005, effective April 6, 2005.