§ 3-532. ADMINISTRATIVE COSTS.  


Latest version.
  • Costs related to the provision of administrative, professional, or consulting services performed by employees of the city for the benefit of the Retirement System, including but not limited to, clerical and other staff support and employee representation on the Retirement Board, and the costs incurred whenever the Board employs or contracts for services pursuant to the provisions of Section 3-505(c), the cost of such services shall be considered a charge against the assets of the Retirement System.

(Added Ord. 5313, 1958, based on former Sec. 2-824; Am. Ord. 78-164, § 1, eff. 12-1-78; Am. Ord. 84-43, § 2, eff. 5-4-84; Am. Ord. 91-49, § 2, eff. 6-7-91).