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prior to May 1, 2001, or within sixty (60) days after any other employee's vesting date, as applicable. D. Amounts credited to an employee's investment account under Section 2.62.051 (B) or (C) shall be invested as elected by the employee in one or more investment funds made available by the board of trustees. As of any valuation date described in Section 2.62.051 (E), an employee may elect to transfer all or part of the balance credited to his or her investment account among such investment funds. Elections under this subsection shall be made in accordance with rules and procedures established, and upon forms (or such other medium) provided, by the board of trustees or, if authorized by the board, the manager of the investment funds. E. The assets of the police and firemen's retirement fund credited to investment accounts shall be valued on December 31st each year and on such other dates' as shall be determined by the board of trustees or, if authorized by the board, the manager of the investment funds. Earnings or losses attributable to each investment fund since the immediately preceding valuation date shall be allocated to each employee's investment account based on the balance thereof invested in such investment fund in accordance with rules and procedures established by the board of trustees or, if authorized by the board, the manager of the investment funds. F. An employee's investment account shall be one hundred (100) percent vested and nonforfeitable at all times. Section 2. This ordinance shall take effect and be in force from and after its passage as provided by law. PASSED 3rd day of December, \ "." ~ . . . .. ATTEST: 7 //--2 L .//nfCk. ~~2--~ 7 ' CITY CLERK CERTIFIED TO BE CORRECT AS TO FORM: ,i " J./ ,." . . '\ . / ( if, \ \ \ ... \: .' " . "...