Sec. 31-90. - Created; title; operative date.
Sec. 31-91. - Statement of purpose; amendments.
Secs. 31-92—31-94. - Reserved.
Sec. 31-90. - Created; title; operative date.
An employees' post-retirement plan and trust is hereby created, which shall be known as the City of Newport News Employees' Post-Retirement Health and Welfare Benefits Fund, and shall be operative as of the date of adoption of the ordinance from which this article is derived, at which time contributions to the fund shall begin.
(Ord. No. 5431-00; Ord. No. 6434-07, § 1; Ord. No. 6696-10, § 1)
Sec. 31-91. - Statement of purpose; amendments.
(a)
The purpose of the fund is to provide an orderly means whereby qualified city retirees as defined in section 31-95 may receive post-retirement benefits as are provided by ordinance, thus effecting economy and efficiency in the administration of such benefits.
(b)
No amendments to any provision of this article shall be enacted by the city council unless and until such amendment shall have been studied by the board of trustees of the fund and the board's recommendations shall have been received by the city council.
(Ord. No. 5431-00; Ord. No. 6434-07, § 1; Ord. No. 6696-10, § 1)