Chapter 2 ADMINISTRATION*

Section 2-194 Salary assessment.

    The salary of each member of the Pension Plan shall be assessed  and taxed in accordance with the following funding table which shall continue in effect until changed by City Council action:

Period Beginning:                         Employee Assessment

Prior to January 1, 1997:                  3% of salary

January  1, 1997:                               3.5% of salary

January 1, 1999:                                 3% of salary.

January 24, 2000:                              3.75%  of salary.

January 8, 2001:                                 4% of salary.

January 7, 2002:                                 5% of salary

September 1, 2003:                           6.5% of salary.

January 1, 2005:                                 7.5% of salary

(Ord. of 12-23-96(1),  I; Ord. of 10-12-98,   VII; Ord of 2-8-99; Ord of 1-25-00; Ord of 12-27-00; Ord of 12-10-01; Ord of 7-14-03; TQM Code update 10-11-04; Ord of 12-13-04))

(2004 (2-194), Amended, 12/13/2004, Prior Text; TQM Code Update - Ch. 2, Amended, 10/11/2004, Prior Text; 2003(2-194), Amended, 07/14/2003, Prior Text; 2001 (2-194), Amended, 12/10/2001, Prior Text; 2000 (2-194), Amended, 12/27/2000, Prior Text; 2000 (2-194), Amended, 01/25/2000, Prior Text)