(a) There is hereby established a special revenue fund to be known as the Earned Benefits Fund. Council may transfer funds into said Earned Benefits Fund from any other fund that may lawfully be used for the purposes of payment of employee benefits.
(b) Council may also appropriate funds derived from the General Fund and other sources for the Earned Benefits Fund.
(c) This Fund shall be used for the accounting of the accumulation of resources for those employee eligible to retire and for the payment of said resources for those employees eligible to retire.
(Ord. 2005-19. Passed 2-15-05.)