HomeMy WebLinkAboutORD 81-45 - Retirement270
81-45 TMRS-E
AN ORDINANCE PROVIDING FOR PARTICIPATION IN THE
SUPPLEMENTAL BENEFITS FUND OF THE TEXAS MUNICIPAL
RETIREMENT SYSTEM BY ALL DEPARTMENTS OF THE CITY
GOVERNMENT WHICH NOW PARTICIPATE IN THE TEXAS
MUNICIPAL RETIREMENT SYSTEM; AND PROVIDING FOR
PAYMENT OF THE CITY'S CONTRIBUTIONS ON ACCOUNT
OF SUCH PARTICIPATION.
WHEREAS, the governing body of the City of Georgetown, Texas has heretofore
elected to have the employees of (designated) (all) departments of the city
government participate in the Texas Municipal Retirement System (such departments
being hereinbefore called "Participating departments"), and
WHEREAS, Chapter 312, Acts Regular Session, 56th Ligislature provides for
establishment in said System of a Supplemental Benefits Fund to provide for
additional disability benefits for service connected disabilities, and
WHEREAS, the governing body of the City of Georgetown, Texas finds that
it will be in the public interest to provide for participation of employees of
such departments in said Supplemental Benefits Fund; now, therefore,
BE IT ORDAINED BY THE (CITY COUNCIL) (BOARD OF COMMISSIONERS) OF GEORGETOWN,
TEXAS:
Section 1. The City of Georgetown, Texas, by its (City Council (Board of
Commissioners) hereby elects to have the employees of all participating departments
of said city (as above defined) participate in and be covered by the Supplemental
Benefits Fund of the Texas Municipal Retirement System, as provided by Chapter 312,
Acts Regular Session, 56th Legislature; and all the benefits and obligations of
participation in said Fund are hereby accepted by the city as to such employees.
Section 2. The (Mayor) (City Manager) is hereby directed to notify the Board
of Trustees of the Texas Municipal Retirement System that the City of Georgetown,
Texas, has elected to participate and have the employees of the above mentioned
departments participate in the Supplemental Benefits Fund of said System.
Section 3. Each person who becomes an employee of any participating depart-
ment on or after the effective date of participation of such department in said
Fund shall as a condition of his employment be covered into the Supplemental Benefits
Fund of said System. The City of Georgetown, Texas, may in the future refuse to add
new departments or new employees to said Fund, but shall never discontinue as to any
members who are covered into the Fund.
Section 4. The City Secretary is hereby directed to remit monthly to the Board
of Trustees of the Texas Municipal Retirement System at its office in Austin, Texas,
as the City's contributions to the Supplemental Benefits Fund of the Texas
Municipal Retirement System, such percentage of earning of the above-mentioned
employees of said city as may be fixed by the Board of Trustees of the Texas
Municipal Retirement System, provided that the rate of contribution to said Fund
shall not exceed one-half of one percentum (11%) of the earnings of the employees
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of said city who are covered under said Fund; and such official shall
make for the City such reports as the Board of Trustees of the Texas
Municipal Retirement System may prescribe.
Section 5. Participation of the above mentioned employees in
the Supplemental Benefits Fudn shall be effective January 1, 1982.
Passed and approved this the 8th day of December, 1981, on first
reading, and on second and final reading this 21st day of December, 1981.
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00 JoUn C. Doerfler, Mayor
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ATTEST:
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Jim Colbert, City Secretary
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