For each plan year the employer shall contribute to the trust an amount equal to 6.7% of the compensation for services other than as a police employee of each participant who was an employee during that plan year, however, the contribution for a plan year (including any contributions made to the Supplementary Retirement and Income Plan I) for any participant shall not exceed $2,170.80. Effective January 1, 1989, for each plan year, the employer shall contribute to the trust an amount equal to 2% of the compensation paid to a participant for services as a police employee during that plan year, however, the contribution for a plan year for any such participant shall not exceed $648.

The contribution for each plan year shall be made as soon as practicable following payment of compensation to the participant. The trustee shall not be under any duty to inquire as to the correctness of the contribution and the determination of the amount as hereinabove provided shall be final and binding upon all persons. (Ord. 6748-NS § 1, 2003)