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(A) The Town Council elects to become a participating unit in the 1977 Police and Firefighters’ Pension and Disability Fund, as established by Public Law No. 9 (Special Session 1977), and all Acts amendatory thereof and supplemental thereto.
(B) The town agrees to make the required contributions to PERF.
(C) The following are declared to be covered by the 1977 Fund: all full-time police officers presently employed by the town who have met the minimum medical standards of the 1977 Fund and all subsequent employees hired as full-time police officers for the town.
(D) This section establishes a retirement fund for the employees declared in division (C) above and supersedes any other resolution for a retirement system now in effect for said employees.
(E) The active date of the participation membership of the town shall begin on October 1, 2007.
(Res. 2007-0005, passed 10-18-2007)