§ 3-533. GUARANTY.

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The payments of the city into the Fresno City Employees Retirement Fund, as provided in Sections 3-529 to 3-532 hereof, are hereby made obligations of the city. There shall be appropriated, in the budget for each fiscal year, such amounts as are necessary to make such payments, less the portions to be paid from the several funds set forth in the said sections, and the amounts so appropriated shall be provided for in the tax levy. Provisions shall be made for the payment from said several funds of such amounts as shall be necessary to meet the obligations of the city under the Retirement System on account of employees whose compensation is or has been paid from such funds.

(Added Ord. 5313, 1958, based on former Sec. 2-825; Am. Ord. 96-54, § 62, eff. 9-20-96).

                    
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