§ 40-51. Employer Contributions.

(a)

The City and Participants shall make prompt contributions or payments to the Trust Fund in such amounts and under the terms as are provided for in this chapter and as required by law. Such contributions or payments are absolute obligations to the trust fund, and such obligations shall not be subject to (by way of illustration and not limitation,) set-off or counterclaim which the City or any Participant may have for erroneous contributions to any other Trust Funds, or for any other liability of any Employee, the City, the Trustees, or any other person.

(b)

Contributions to the Fund shall be paid to the Trust Fund or to such depository as the Trustees shall designate, only by check, bank draft, or money order, or its equivalent.

(Ord. No. 90-33, Ch. I, § 4.1, 5-21-91)