2.040 Relating to the Inclusion of City Personnel under the Wisconsin Municipal Retirement Fund.

(1) City Personnel Included. Pursuant to Wis. Stat. § 40.21, the City of Manitowoc hereby elects to include eligible City personnel under the provisions of the Wisconsin Municipal Retirement Fund in accordance with the terms thereof.

(2) Credits – Rates. Election is hereby made to provide prior service credits at rates equal to two times the rates of municipality credits for current service; to be applicable to employees as defined by Wis. Stat. § 40.22 who are employed by the City of Manitowoc on the effective date of this section.

(3) Notice – Certification by City Clerk. Upon the final enactment of the ordinance codified in this section the City Clerk shall submit a certified notice of the election made hereunder to the Board of Trustees of the Wisconsin Municipal Retirement Fund. Such notice of election shall (a) be in writing; (b) indicate the date and results of such elections; (c) include a certification of the prior service contribution rate selected as being applicable to the employees of the municipality; (d) be officially certified by the clerk of the municipality.

(4) Effective Date. The effective date of participation shall be January 1, 1944, unless the Board of Trustees of the Wisconsin Municipal Retirement Fund shall defer such effective date pursuant to Wis. Stat. § 40.03.

[Prior code § 2.04]