HomeMy WebLinkAbout2-26-81-13 - Resolution - 02/26/1981RESOLUTION NO. 2-26-81-13
WHEREAS, the City of College Station participates in the Social
Security system, created under the Social Security Act
of 1935 and tax supported under the Federal Insurance
Contributions Act (FICA), and
WHEREAS, municipalities and other sub-governmental divisions
have the option of participating in the Social Secu-
rity system, as created by Congress, and
WHEREAS, the Social Security system appears to be in the public
policy crisis concerning benefits and financing within
the near future,
THERE BE IT hereby resolved by the City Council of the City of
College Station that the City of College Station wishes
to cease participating in the Social Security System
at the earliest possible date and to study and de-
velope an alternate benefits program to supplement the
city's current participation in the Texas Municipal Re-
tirement System.
PASSES and APPROVED this 26th
day of February
, 1981.
APPROVED:
PASSED:
MA~'OR
CITY SECRETARY