HomeMy WebLinkAbout1972-0845 - Ordinance - 10/20/1972ORDINANCE NO. 845
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 RE-
TIREMENT SYSTEM; AND PROVIDING FOR PAYMENT OF THE CITY'S CONTRIBUTIONS
ON ACCOUNT OF SUCH PARTICIPATION.
WHEREAS, the governing body of the City of College Station, Texas has heretofore
elected to have the employees of all departments of the city government participate in
the Texas Municipal Retirement System; and
WHEREAS, Chapter 312, Acts Regular Session, 56th Legislature provides for establish-
ment 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 College Station, 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 OF THE CITY OF COLLEGE STATION,
TEXAS:
Section 1. The City of College Station, Texas, by its City Council hereby elects to have
the employees of all participating departments of said city participate in and be covered
by the Supplemental Benefits Fund of the Texas Municipal Retirement System, as provided
by Chapter 312, Acts Regular Session, 66th 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 City Manager is hereby directed to notify the Board of Trustees of the
Texas Municipal Retirement System that the City of College Station, 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 department 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 College Station, Texas, may in the future refuse to add new departments or new
employees to said Fund, but shall never discontinue ds 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 Systemat its office in Austin, Texas, as the City's con-
tributions to the Supplemental Benefits Fund of the Texas Municipal Retirement System,
such percentage of earnings of the abovementioned employees 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 (1/2 %) of the earnings
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Ordinance No. 845
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of the employees 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 Re-
tirement System may prescribe.
Section 5. Participation of the above - mentioned employees in the Supplemental Benefits
Fund shall be effective November 1, 1972.
PASSED AND APPROVED this the 20th day of October, 1972.
APPROVED:
ayor
ATTEST:
City Secretary
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