3-5-3: PENSION FUND ACCOUNTS:
The money in the Firemen's Pension Fund shall be held in a separate account by the Village Treasurer, as provided by Statute. This Fund shall consist of the deductions from the pay of firemen subject to the Act, and there shall be annually levied a tax sufficient to enable the Firemen's Pension Fund to meet all its obligations, as further provided by Statute. (Ord. 78-2, 4-11-78)