The text
(a)
The city shall make its annual required contribution as determined by the city's actuaries to each of its pension funds every year and shall not divert pension funds or funds necessary for the annual required contribution to the general fund. For the police and fire I pension the "annual required contribution" shall be the amount determined pursuant to section 20-132 of the Code of Ordinances, however:
(b)
If an exigent or unforeseen circumstance prevents the city from making its annual required contribution to any of its pension funds or requires a diversion of pension funds, such nonpayment of the contribution or diversion of funds shall only occur with the approval of the city council after a public hearing on the matter.
(Ord. No. O-12-17, § I, 7-10-12)