Amendment and Discontinuance, Termination of Retirement System, Accrued Benefits Nonforfeitable.
Ann Arbor City Code § 1:630
in effect1:630. - Amendment and Discontinuance, Termination of Retirement System, Accrued Benefits Nonforfeitable.
(1) The City may amend, modify or terminate this chapter subject to any limitations imposed by (a) the Michigan Constitution of 1963, Article 9, Section 24, as amended, (b) Michigan Public Act 314 of 1965, as amended, and (c) collective bargaining agreements (including, without limitation, any features of such agreements resulting from binding arbitration pursuant to Michigan Public Act 312 of 1969).
(2) In the event of the discontinuance, termination or partial termination of the Traditional Retirement Plan or the Dual Retirement Plan, or both, the rights of all Members to benefits accrued to the date of such termination or partial termination, to the extent funded as of such date, or Account balances as of the date of such termination or partial termination, as applicable, shall be vested and nonforfeitable. The discontinuance, termination or partial termination shall be carried out in all respects in conformance with the Code and with applicable statutes, rules or regulations of the State of Michigan, or any duly constituted agency thereof.
(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_630AMDITERESYACBENOFetched: 11/8/2026