- Any former city employee who elects to become an employee of the authority shall be eligible for membership in the authority’s retirement plan.
- The authority shall qualify its retirement plan under section 401 (a) of the “Internal Revenue Code of 1986”, as amended, as a governmental plan under section 414 (d) of such code.
Source: L. 94: Entire article added, p. 661, § 1, effective April 19.