Bay City |
Code of Ordinances |
Part I. CHARTER OF BAY CITY |
Article 15. POLICE AND FIRE PENSION PLAN AND RETIREMENT SYSTEM |
§ 15.2. Ordinance amendment.
The commission, by ordinance, may amend the pension plan and retirement system provisions only in the following circumstances:
a.
To adopt provisions which are required to maintain the qualified status of the pension plan and retirement system under the Internal Revenue Code.
b.
To adopt provisions which may be required by federal or state law.
c.
To provide benefit increases to members of the pension plan and retirement system which are consistent with benefits afforded through collective bargaining.
d.
To adopt post-retirement benefit programs for retirees.