§ 16-51. Creation and purpose of fund.

(a)

Creation. The trust fund is created, established and maintained, and the board of trustees agree to receive, hold and administer the plan, for the purpose of providing such benefits as now are, or hereafter may be authorized or permitted by law for participants and their beneficiaries and in accordance with the provisions set forth herein and in the pension plan.

(b)

Effective date. This article and declaration of trust shall be in full force and effect upon adoption and shall apply only to employees actively in the employ of the city on or after that date.

(Ord. No. 1222, § 1, 11-18-1999)