[HISTORY: Adopted by the Board of Trustees of the Village of Albion: Art. I, 10-9-1986; Art. II, 2-11-1987. Amendments noted where applicable.]
[Adopted 10-9-1986]
The Board of Trustees of the Village of Albion does hereby elect to provide the following benefits:
A. 
Section 375-i of the Retirement and Social Security Law as presently or hereafter amended.
B. 
The additional pension benefits of § 375-e of the Retirement and Social Security Law, as presently or hereafter amended, and entitled "guaranteed retirement benefits for employees of participating employers."
C. 
The Career Retirement Plan of § 375-g of the Retirement and Social Security Law, as presently or hereafter amended, for employees of participating employers.
[Adopted 2-11-1987]
The Board of Trustees of the Village of Albion does hereby elect, as provided in § 302, Subdivision 9(d), of the Retirement and Social Security Law, as presently or hereafter amended, to grant one year's final average salary for eligible employees.