HomeMy WebLinkAbout521 08-09-1977ORDINANCE NO. 521
AN ORDINANCE PROVIDING FOR PARTICIPATION
OF THE CITY IN THE SUPPLEMENTAL DEATH
BENEFITS FUND OF THE TEXAS MUNICIPAL
RETIREMENT SYSTEM: TO PROVIDE CERTAIN IN-
SERVICE DEATH BENEFITS FOR EMPLOYEES, AND
DEATH BENEFITS FOR ANNUITANTS WHOSE LAST
EMPLOYMENT WAS WITH THE CITY OF EULESS,
TEXAS.
WHEREAS, the City of Euless is a municipality participating
on a full - salary basis in the several programs presently operated
by the Texas Municipal Retirement System, and
WHEREAS, the City Council is of the opinion that it is to
the best interests of the City that employees and annuitants whose
last covered employment under the System was as an employee
of the City, shall participate in the Supplemental Death Benefits
Fund operated by said System from the time such Fund becomes opera-
tional.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
EULESS, TEXAS:
1.
That the City of Euless hereby elects to participate in the
Supplemental Death Benefits Fund of the Texas Municipal Retire-
ment System beginning with the date such Fund shall be made opera-
tional, for the purpose of providing in- service death benefits in
the amounts and on the terms provided for in Section XIX of the
Texas Municipal Retirement System Act (Article 6243h, Vernon's
Texas Civil Statutes, as amended) for each of the City's employees
who are members of said System, and for the purpose of providing
post- retirement death benefits as provided in said Section XIX
for annuitants who last covered employment was as an employee of
this City.
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 participate in the Supplemental Death Benefits Fund
of said System.
3.
The City Secretary is hereby directed to remit monthly to
the Board of Trustees of the Texas Municipal Retirement System
i
at its office in Austin, Texas, as the City's contributions to
the Supplemental Death 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, and such
officials shall make for the City such reports as the Board of
Trustees of the Texas Municipal Retirement System may prescribe.
PRESENTED AND GIVEN FIRST READING on the 26th day of July ,
1977, at a regular meeting of the City Council of the City of
Euless, Texas; and given Second Reading, passed and approved on
the 9th day of August , 1977, by a vote of 5 ayes and
0 nays at a regular meeting of the City Council of the City
of Euless, Texas.
ATTEST:
City Secretary
APP OVED AS T FORM:
City Attorney
APPROVED:
0