(A) The fund established in this chapter isestablished in accordance with Public Act 149 of 1999, and shall be irrevocable and shall conform to all applicable sections of the Internal Revenue Code, the collective bargaining agreements, PACT Employee Benefit and Personnel Policies, the statement of purpose in § 37.01 of this chapter and all statutes, ordinances, rules, regulations, arbitrators' awards and judicial decisions interpreting the foregoing provisions.
(B) The fund shall consist of city contributions, employee contributions, all investments made or held under the fund and all income therefrom, both received and accrued, and any other property which may be received or held by reason of this fund.
(Ord. 886, passed 11-11-02)