Sec. 2-195. Setting apart funds for retirement plan.
The city council shall appropriate each year a sum estimated
to be sufficient for that fiscal year to make all payments
required by the city's supplemental retirement or pension
plan, and any unexpended funds so appropriated, shall be
placed in a fund to be known as the Retirement Fund. The
Retirement Fund and the annual increments to the fund, if
any, shall be invested as set forth in section 2-196. The annual
income from the Retirement Fund may be used toward
the payments due under the city's supplemental retirement or
pension plan, as amended; or, such annual income may be
added to the principal of the fund until such time as the city
council determines that the Retirement Fund has sufficient
principal and that income from such principal will suffice to
make the payments due under such retirement plan. (1-6-64.)
