§ 3.28.030. Use of funds.

The money deposited in the retirement and Social Security fund shall be used for the redemption and discharge of the City's indebtedness and obligation to its employees, their spouses and beneficiaries relating to prior service benefits set forth in the City Charter, the Social Security Act contributions set forth in the City Charter and the indebtedness and obligations under the City's police and fire retirement system set forth in the City Charter. Money in this fund may be used to pay all costs and expenses relating to the redemption and discharge of the indebtedness and obligation referred to in this Section and may be transferred to other funds to effectuate payment of such indebtedness and obligations.

(Ord. C-5437 § 1 (part), 1978: prior code § 2615.2)