It is enacted by the General Assembly as follows:

SECTION 1. Section 2 of Chapter 3698 of the Public Laws of 1956, entitled "An Act Authorizing the Town of West Warwick to Establish a Pension Plan for Policemen and Firemen" is hereby amended to read as follows:

"Section 2. The town council of said town is hereby authorized and empowered to collect and divert to said fund or funds not more than {DEL 5% DEL} {ADD six percent (6%) ADD} of the annual salary due to each such officer and member, {ADD or such other percentage as may be agreed to in a collective bargaining agreement, ADD} and from time to time to appropriate from the general funds of said town such sums of money as may be necessary for the proper carrying out of the purposes of this act and to establish by ordinance {ADD or resolution ADD} all rules and regulations pertaining to said fund or funds as to it shall seem necessary and expedient."

SECTION 2. All actions taken by the West Warwick town council by ordinance or resolution pursuant to chapter 3698 of the public laws of 1956, from and after the effective date of said chapter, are hereby ratified, approved and confirmed in all respects.

SECTION 3.. If any part or provision of this act or the application thereof shall for any reason be judged invalid, such a judgment shall not affect, impair or invalidate the remainder of the act, but shall be confined in its effect to the provision or application directly involved in the controversy giving rise to the judgment.

SECTION 4. The provisions of this act shall be given retroactive as well as prospective effect and shall apply to all cases pending upon the effective date of this act, and this act shall take effect upon passage.