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other medium) provided, by the board of trustees or , if authorized by the <br />board, the manager of the investment funds. <br /> <br />The assets of the police and firemen's retirement fund credited to investment <br />accounts shall be valued on December 31st each year and on such other dates' <br />as shall be determined by the board of trustees or, if authorized by the board, <br />the manager of the investment funds. Earnings or losses attributable to each <br />investment fund since the immediately preceding valuation date shall be <br />allocated to each employee's investment account based on the balance thereof <br />invested in such investment fund in accordance with rules and procedures <br />established by the board of trustees or, if authorized by the board, the manager <br />of the investment funds. <br /> <br />An employee's investment account shall be one hundred (100) percent vested <br />and nonforfeitable at all times. <br /> <br />Section 2. <br />as provided by law. <br /> <br />PASSED <br /> <br />AT~EST: <br /> <br />This ordinance shall take effect and be in force from and after its passage <br /> <br />,~o~ dayof (~~,/ ,2002. <br /> <br />CERTIFIED TO BE CORRECT AS TO FORM: <br /> <br /> ITY AT,TORI~EY <br /> <br /> <br />