Laserfiche WebLink
&~ ORDINANCE 'TO A~'ZNI) SECFIONS 26-70, 26-78, 26-85, AND 26-85 <br />OF TItE CODE OF THE CITY OF PORTS,~)UTH, 1961, RELATING TO <br />CONTRIBUTIONS, ORDINARY D[SAB <br /> ~ ~ ~LITY RETIRE~ENT AND DEATH BENEFITS <br /> <br />· Be it ordained by the Council of the City of Portsmouth. <br /> ttat Sections 26-70, ~6-78, 25-83 and 26-8S of the <br /> the City of Portsmouth, 1961, be amended and re, <br /> ; follows: <br /> <br /> Section. 26-7D.,. By, ~e.. tubers. <br /> <br /> (a) Each me,abet shall contrivute for each pay <br /> period for which he receives compensation six per <br /> centum of his creditable compensation. <br /> <br /> {b)' [1) The city auditor, shall cause to be <br /> deducted from the salary or compensation of each <br /> member for each ana every payroll period subsequent <br /> to the date of the establishment of the system, the - <br /> contribution payable by such member as provided in <br /> article. <br /> <br /> (2) The deduction provided f <br /> or herein shall be <br /> notwithstanding that the minimum <br /> provided b 1 w. ~ compensation <br /> y a rot any mem>e ~,~ ~-~ <br />r. . - r ~.=~ ~,= reduced thereby. <br /> Lvery member shall be deemed to consent and agree to <br /> the deductions made as provided herein; and payment <br /> ary or compensation less such deductions shall be a <br /> full and <br /> cgmplete utscharge of all claim~ F~r <br /> <br /> -7" ~y,:~un% except as to an,~ h~.~e:~- . , . <br />thzs a~icle. : =~"~,~ ~rovluea by <br /> <br />ons 'of th:is <br /> <br /> <br />