The reasonable and necessary administrative costs of this plan shall be borne by either the City and County of San Francisco, the participants or by any plan administrator appointed hereunder. The administrative costs funded by the City shall not increase above current levels (.01% of City payroll). The Board of Supervisors may carry forward unspent monies from one fiscal year to the next.
(Amended by Ord. 306-80, App. 6/27/80; Ord. 334-95, App. 10/27/95)