ARTICLE I: DEFINED CONTRIBUTION PENSION PLAN
There is created and established the City of Sterling Heights Employee’s Defined Contribution Pension Plan for all individuals employed by the city who are members of or eligible to become members of the General Employee’s Retirement System or the Police and Fire Retirement System.
(Ord. No. 322, § 1, 4-15-97
; Ord. No. 379, § 1, 8-2-05)
The provisions of the Defined Contribution Pension Plan shall be adopted from time to time by the City Council by resolution or as part of a collective bargaining agreement between the city and the recognized bargaining units of the employees of the city.
(Ord. No. 322, § 1, 4-15-97; Ord. No. 379, § 1, 8-2-05))
Charter reference:
Retirement system, see Ch. 19
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