Section 2-194 Salary assessment.

Prior to the adoption of 2004 (2-194) on 12/13/2004, Section 2-194 read as follows.

     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                                 Three  percent (3%) of salary

         Beginning January 1, 1997                                 Three and one-half percent (3.5 %) of salary.

         Beginning January 1, 1999                                     Three percent  (3 %) of  salary.

         Beginning January 24, 2000                                Three and three-quarter percent (3.75%) of salary.

         Begining January 8, 2001                                 Four percent (4%) of salary.

         Beginning January 7, 2002                                Five percent (5%) of salary.

         Beginning September 1, 2003                            Six  and one-half percent (6.5%) of salary.

 (Ord. of 12-23-96(1),   I; Ord. of 10-12-98,  VII; Ord of 2-8-99)