§ 39.339 LIMITS OF CONTRIBUTIONS.

   Total contributions in each year to the Firefighters' Pension Fund subject to §§ 39.305 through 39.344 shall be sufficient to fund the following:

   (a)   The administrative cost of the plan during the year;

   (b)   The actuarially determined cost of future benefits accruing to members during the year; and

   (c)   An amount sufficient to amortize any unfunded liability of the pension fund over a period not to exceed 40 years on the basis of reasonable and generally accepted actuarial assumptions.

(1992 Code, § 35-121) (Ord. 108-85, passed 12-2-1985; Ord. 118-16, passed 12-20-2016)