HomeMy WebLinkAboutORD 01.01.1973 - Employee RetirementTMRS-F
(Model Ordinance)
AN ORDINANCE PROVIDING FOR INCREASED MUNICIPAL
CONTRIBUTIONS TO THE CURRENT SERVICE ANNUITY
RESERVE AT RETIREMENT OF THE EMPLOYEES OF THE
CITY OF GEORGETOWN , TEXAS.
BE IT ORDAINED BY THE CITY COUNCIL OF GEORGETOWN , TEXAS:
That effective January 1, 19 73 , 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
(150% or 200%)
month of employment; and said sum shall be contributed from the City's
account in the Municipality Current Service Accumulation Fund.
Passed and approved this the
ATTEST:
City Secretary or Clerk
day of , 19
APPROVED:
Mayor