Sec. 120.505C. - Administration of the PFDC Plan.

The City shall be responsible for the Administration of the PFDC plan. However, with input from the bargaining unit, the City will select, through its procurement process, and manage a third-party fund manager. Notwithstanding any other provision of this Chapter, the Board of Trustees for the retirement system shall not manage or administer the PFDC Plan. (Ord. 2017-258-E , § 1)