Section 45-49A-63.100 Fines. The city shall pay into the fund monthly an amount equal to five percent of all fines and moneys, except costs of court, paid as a result of prosecutions for violations of ordinances or laws of the city during the prior month. (Act 97-689, p. 1379, §7(6.01).)
Section 45-49A-63.101 Insurance premiums. (a) On or before the first day of March of each year, each insurance company writing fire insurance on property within the city limits and its police jurisdiction shall pay to the city an amount equal to four percent of its gross premiums, including all renewal premiums, less return premiums, collected […]
Section 45-49A-63.102 Member contributions. Eight percent of the salary of every uniformed officer with less than 30 years of service shall be deducted from his or her pay and shall be transferred to the fund on a monthly basis. No amounts shall be deducted from the pay of a uniformed officer who has at least […]
Section 45-49A-63.103 Donations. Any person, firm, association, or corporation may donate money to the fund and the board may take by gift, grant, devise, or bequest any money, personal property, real estate, or any interest therein or any right of property for the benefit of the fund. Any gift, grant, devise, or bequest may be […]
Section 45-49A-63.104 City contributions. (a) The city shall contribute to the fund an amount equal to the excess, if any, of (i) the annual actuarial cost for the plan determined as of each October 1 over (ii) all amounts contributed to the fund under Sections 45-49A-63.100, 45-49A63.101, and 45-49A63.102 during the plan year beginning on […]
Section 45-49A-63.105 Return of contributions. The city may recover without interest the amount of its contributions to the plan made on account of a mistake in fact, reduced by any investment loss attributable to those contributions, if recovery is made within one year after the date of those contributions. (Act 97-689, p. 1379, § 7(6.06).)
