HomeMy WebLinkAbout1967-0499 - Ordinance - 01/23/1967r
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BOORUM & PEASE
ORDINANCE NO, 499
AN ORDINANCE DECREASING THE RATE OF DEPOSITS TO THE TEXAS
MUNICIPAL RETIREMENT SYSTEM BY MEMBERS OF THE CITY OF
COLLEGE STATION POLICE DEPARTMENT.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF COLLEGE STATION,
TEXAS:
I.
From and after the effective date of this Ordinance, each member of
the City of College Station Police Department who is a member of the Texas
Municipal Retirement System shall contribute to the Retirement System at
the rate of three (3%) per cent of his individual earnings. Such funds shall be
contributed, received, administered and disbursed under and according to
the provisions of Article 6243h of Vernon's Annotated Civil Statutes of Texas
and other applicable Statutes and Ordinances, and all amendments thereto.
II.
This Ordinance shall be effective only in the event the reduction of
contributions to the Retirement System from five (5%) per cent to three (3%)
per cent by members of the City of College Station Police Department is approved
by a two-thirds (2/3) majority of the persons eligible to vote in an election to
be held for that purpose on February 13, 1967; but upon the happening of such
event, this Ordinance shall be in full force and effect without further action by
the City Council.
PASSED AND APPROVED this the 23rd day of January, A.D. , 1967.
ATTEST:
City Secretary
(SEAL)
APPROVED:
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D. A. Anderson, Mayor
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