Other Provisions of Law, Charter or Ordinance—Traditional Retirement Plan.
Ann Arbor City Code § 1:569
in effect1:569. - Other Provisions of Law, Charter or Ordinance—Traditional Retirement Plan.
(a) The former police and Fire Retirement Plans having been repealed by the electors of the City at the election held on November 5, 1946, the amounts contributed either directly by or through the efforts of Members, plus interest at 2½% per annum, compounded annually, shall remain as a credit to each Member's Annuity Savings Fund account, according to the ratio that his own contributions from salary bear to the total contributions of all present Members from salary. The remainder, having been paid into the Pension Reserve Fund, shall remain a part thereof.
(b) The pension of Retired Members of the Police and Fire Retirement Plan in effect prior to November 5, 1946, shall be computed according to section 1:557 of this chapter and shall be paid from the Pension Reserve Fund from Funds transferred thereto from the Police and Fire Retirement Plan. If this amount is insufficient, the remainder shall be paid by direct appropriation.
(Ord. No. 16-28, § 1, 1-3-17)
Source: City of Ann Arbor, Michigan, Code (Municode Library, library.municode.com)URL: https://library.municode.com/mi/ann_arbor/codes/code_of_ordinances?nodeId=TITIAD_CH18EMRESY_1_569OTPRLACHORRAREPLFetched: 11/8/2026