All full-time employees are eligible for retirement benefits paid on their behalf by the town. Thiscontribution to the State of Indiana Public Employee's Retirement Fund (PERF) shall be made in such installments as provided by statute or regulation in an amount based on the gross annual salary or wage paidto the contributing employee who is employed by Clerical, Street, Sewer, Building, Park, or Water Departments or is employed as a Radio Operator or Secretary with the Police Department, or as Town Manager or Clerk-Treasurer, or as the Police Chief when he or she is unable to qualify under any other pension plan.
('80 Code, § 2.02.040 E.)