A trust is established as part of the retirement savings plan for the benefit of the participants in the retirement savings plan. The trust consists of the money and property of the retirement savings plan and any earnings, profits, increments, appreciation, and other additions that accrue. All of the money and property, all investments made with that money and property, and all earnings, profits, increments and other additions, less the payments previously made by the Board, are the retirement savings plan trust fund. (1994 L.M.C., ch. 13, § 2.)
Editor’s note—See County Attorney Opinion dated comparing the limits on Council authority to make changes to retirement benefits with its ability to modify health benefits.
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