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The enactment of this ordinance being necessary to the immediate preservation of
public business and to provide for the usual daily operation of a municipal depart-
ment, it is declared to be an emergency measure, which shall have and take effect
following its present reading and adoption.
Read, passed and adopted by unanimous vote, this 16th da" f November, 1972.
City Secretary
APPROVED BEFORE ADOPTION.
AN ORDINANCE PRESCRIBING THE MAXIMUM EARNINGS v
TO BE CONSIDERED IN CALCULATING DEPOSITS AND
CONTRIBUTIONS TO BE MADE BY REASON OF CURRkNT
SERVICE OF EMPLOYEES OF THIS CITY WHO ARE MEM-
BERS OF THE TEXAS MUNICIPAL RETIREMENT SYSTEM.
BE IT ORDAINED BY THE CITY COUNCIL OF GEORGETOWN, TEXAS:
That the total earnings, which may be paid by the City of Georgetown to any
of its employees who are members of the Texas Municipal Retirement System, shall
be considered in calculating the amount to be withheld and the deposits and con-
tributions to be made to the Texas Municipal Retirement System by reason of Current
Service rendered by such employee to this City.
Passed and approved this the 11th day of December, 1972.
ATTEST:
City Secretary
AN ORDINANCE ? a ` a
TO PROVIDE FOR INCREASED MUNICIPAL CONTRIBUTIONS TO THE CURRENT SERVICE ANNUITY
RESERVE AT RETIREMENT OF THE EMPLOYEES OF THE CITY OF GEORGETOWN, TEXAS: PROVIDING
FOR, AND GRANTING "ANTECEDENT SERVICE CREDIT" AND "SPECIAL PRIOR SERVICE CREDIT"
AT THE RATES SPECIFIED, TO QUALIFYING EMPLOYEES OF THE CITY OF GEORGETOWN, TEXAS
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS:
SECTION 1. That effective January 1, 1973, for each month of current service
thereafter rendered by each of its employees who are members of the Texas Municipal
Retirement System, the City will contribute to the current service annuity reserve
of each such member at the time of his retirement, a sum that is 200% of such
member's accumulated deposits for such month of employment; and said sum shall
be contributed from the City's account in the Municipality Current Accumulation Fund.