The City Council shall annually levy a tax upon all of the taxable property of the municipality at the rate on the dollar which will produce an amount which will, when added to the deductions from the salaries or wages of police officers and receipts available from all other sources, equal a sum sufficient to meet the annual requirements of the Pension Fund. The annual requirements to be provided by such tax levy shall be equal to the reserve prescribed by Section 3-127 of the Pension Code (ILCS Ch. 40, Act 5, § 3-127, as amended).
(Ord. 661, passed 7-20-83)