87.125. Authorizing municipality to provide by ordinance for pensions.
Authorizing municipality to provide by ordinance for pensions.
87.125. Any city in this state that now has or may hereafterhave seven hundred thousand inhabitants or more and that has anorganized fire department is hereby authorized, subject to theprovisions of sections 87.120 to 87.370, to provide by ordinancefor the pensioning of members of any such organized firedepartment and of the dependents of deceased members thereof andto take from its municipal revenue a fund for such purpose. Thefund shall be under the management of a board of trustees hereindescribed and shall be known as "The Firemen's Retirement Systemof ....." and by such name all of its business shall betransacted, all of its funds invested and all of its cash andsecurities and other property held.
(L. 1943 p. 708 § 2, A.L. 1959 S.B. 314 § 86.483)