The director of finance shall compute the contribution required of the city under the agreement equal to the amount of the tax on which would have been imposed on the city as an employer by section 1410 of the Federal Internal Revenue Code, if the services of officers and employees included in the agreement rendered to the city subsequent to January 1, 1951, and prior to December 16, 1953, had constituted employment as defined by section 1426 of such code. This contribution shall be paid as follows:
Sec. 22-19(1). The amount due and payable on the salary or wages of officers and employees who were members of the Tucson City Employees' Retirement System, being chapter 20 of the Code of the City of Tucson, 1953, abolished by Ordinance No. 1420, and certified by the director of finance shall be paid from the assets of that system credited to fund B established by section 22-1 of this [that] chapter. The board of trustees, created by section 22-2 [of former chapter 20], is hereby authorized and directed to convert such portion of the assets of the abolished system credited to fund B as may be necessary to effect the payment of the amount required as to such officers and employees, and the director of finance is hereby authorized and directed to transfer the same to the general fund of the city to be disbursed therefrom in accordance with section 22-17 of this chapter.
Sec. 22-19(2). The amount due and payable on the salary and wages of officers and employees who were not members of the Tucson Employees' Retirement System shall be paid from funds budgeted and authorized to be contributed during the fiscal year ending June 30, 1954, as the city's contribution to the Tucson City Employees' Retirement Fund, abolished by Ordinance No. 1420.
(1953 Code, ch. 20, § 33)