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HomeMy WebLinkAboutORD 81-45 - Texas Municipal Retirement System270 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 2'71 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. C' 00 JoUn C. Doerfler, Mayor CO qq 0 Q Q ATTEST: t Jim Colbert, City Secretary \y0 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 Texas has heretofore elected to have the employees o desgnate�� (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 Legislature provides for establishment in said System of a Supplemental Benefits Fund to provide for additional disability benefits for service con- nected disabilities, and WHEREAS, the governing body of the City of c ,Texas finds that it will be in the public interest etoeprovide for participation of employees of such departments in said Supplemental Benefits Fund; now, therefore, OF BE IT ORDAINED BY THE (CITY COUNCIL) (BOARD OF COMMISSIONERS) G OR . WN TEXAS : Section 1. The City of G�eorgeetown Texas, by its (City Counc (Board of Commissioners here y e ects 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 Texas, has elected to participate and have the emp oyees of t e a ove mentioned depart- ments participate in the Supplemental Benefits Fund of said System, Section 3. Each person who becomes an employee of an y partici- pating department on or after the effective date of participation of such department in said Fund shall as a condition of his employment be coverp# into the Supplemental Benefits Fund of said System. The City of ,r ,J Texas, may in the future refuse to add new departmen s or new emp�yees to said Fund, but shall never dis- continue as to any members who are covered into the Fund. 3 SUPPLEMENTAL BENEFITS ORDINANCE (continued) Section 4. The is City Secretary or other proper official 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 earnings 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 (1/2%) of the earnings 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 Retirement System may prescribe. Section 5. Participation of the above mention d employees in the Supplemental Benefits Fund shall be effective _P doAa,H Passed and approved this the day of L, 19_ on first reading, and on second an final reading this � day o 1981. ATTEST: 1 0 11� city secretary or Clerk %�L C. MaVor 11