Separate Accounts and Allocations—Dual Retirement Plan.
Ann Arbor City Code § 1:608
in effect1:608. - Separate Accounts and Allocations—Dual Retirement Plan.
The Board shall create and maintain such separate accounts for each Dual Retirement Plan Member as shall be needed, including a City Contribution Account and a Dual Retirement Plan Member Mandatory Contribution Account. The Board shall also create and maintain a suspense account in the event that such an account is required pursuant to section 1:609. Such Accounts are primarily for accounting purposes and do not require segregation within the Trust Fund. The City may delegate the responsibility for the maintenance of the Accounts to the Retirement System, or a third party recordkeeper.
(1) City Contributions made with respect to a Dual Retirement Plan Member shall be allocated to and recorded in his City Contribution Account upon receipt of such contribution in the Trust Fund. The amount allocated to the City Contribution Account for each Dual Retirement Plan Member shall be determined in accordance with the provisions of section 1:605.
(2) Dual Retirement Plan Member Mandatory Contributions picked up and paid to the Trust Fund on behalf of a Dual Retirement Plan Member shall be allocated to and recorded in his Dual Retirement Plan Member Mandatory Contribution Account upon receipt of such contributions in the Trust Fund. The amount allocated to the Dual Retirement Plan Member Mandatory Contributions Account for each Dual Retirement Plan Member shall be determined in accordance with section 1:606.
(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_608SEACALUAREPLFetched: 11/8/2026