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 Danbury
 Code of Ordinances
 Chapter 32. PENSIONS AND RETIREMENT
 Article III. FIRE DEPARTMENT

  § 32-66. Fund created; assets; assessments; appropriations by the City.  

Latest version.

  • (a)

    There shall be in the City of Danbury a fund to be known as the 1967 Firefighters Pension Fund of Danbury, to consist of such sums of money as shall be appropriated or designated to said fund by the City of Danbury, and such sums of money as are assessed against the salaries of the members of said Fire Department.

    (b)

    Assessments required under this fund shall be made by the Board of Directors of said fund on the salaries of such members of said Fire Department at the rate of five (5) percent per annum, payable weekly and to be deducted from their salaries by the City treasurer.

    (c)

    There shall be appropriated by the City of Danbury each year for the fund, amounts equal to the total amount of assessments of the salaries of such members of said Fire Department during the preceding fiscal year.

    (d)

    There shall also be appropriated annually by the City of Danbury such additional sums of money as are necessary to keep this fund operating on a funded, actuarial basis.

(Code 1961, § 14-26; Ord. No. 199, § 2, 4-2-1974; Ord. No. 405, 11-8-1990)