HomeMy WebLinkAbout408 08-24-1971ORDINANCE NO. 408
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 CIT.Y_'S CONTRIBUTIONS ON ACCOUNT OF
SUCH PARTICIPATION.
WHEREAS, the governing body of the City of Euless, Texas has here-
tofore elected to have the employees of 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 pro-
vides for establishment in said System of a Supplemental Benefits Fund to
provide for additional disability benefits for service connected dis-
abilities, and
WHEREAS, the governing body of the City of Euless, 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 EULESS,
TEXAS:
The City of Euless, Texas, by its City Council 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 obliga-
tions of participation in said Fund are hereby accepted by the city as to
such employees.
2.
The City Secretary is hereby directed to notify the Board of
Trustees of the Texas Municipal Retirement System that the City of Euless,
Texas, has elected to participate and have the employees of the above
mentioned departments participate in the Supplemental Benefits Fund of
said System.
3.
Each person who becomes an employee of any participating department
on or after the effective date of participation of such department in said
ITEM II
Council Minutes
August 24, 1971
Fund shall as a condition of his employment be covered into the Supple-
mental Benefits Fund of said System. The City of Euless, 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.
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 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 per -
centum (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.
5.
Participation of the above - mentioned employees in the Supplemental
Benefits Fund shall be effective at the beginning of the second month after
final adoption of this ordinance by the City Council.
PRESENTED AND GIVEN FIRST READING on the 10th day of August,
1971, at a regular meeting of the City Council of the City of Euless,
Texas; and given Second Reading, passed and approved on the 24th day
of August , 1971, by a vote of 5 ayes and 0 nays at a regular meeting
of the City Council of the City of Euless, Texas.
ATTEST:
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City Secretary
APPROVED:
YOR PRO TEM