HomeMy WebLinkAbout1969-0657 - Ordinance - 12/12/1969ORDINANCE NO. 657
AN ORDINANCE TO INCREASE THE RATE OF DEPOSITS TO THE TEXAS
MUNICIPAL RETIREMENT SYSTEM BY THE EMPLOYEES OF THIS CITY.
BE IT ORDAINED by the City Council of the City of College Station,
Texas:
That, effective, January 1, 1970, All employees of the City of College
Station who are members of the Texas Municipal Retirement System shall make
deposits to the System at the rate of 5% of their individual earnings. However, this
rate shall not be applied to earnings in excess of the maximum earnings subject to
retirement deductions as fixed by ordinance.
PASSED AND APPROVED this 12th day of December, 1969.
ATTEST:
City Secretary
las
APPROVED:
Mayor