HomeMy WebLinkAboutOrdinances (O-79-335)-08/28/1979
ORDINANCE 0-79-335
VOLUME .::;r-PAGE &~
SUPPLEMENTAL BENEFIT~~
'7-13- 79
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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 PAY-
MENT OF THE CITY'S CONTRIBUTIONS ON ACCOUNT OF SUCH PARTICIPATION.
WHEREAS, the governing body of the City of Colleyville, Texas, has heretofore
elected to have the employees of all departments of the City govern-
ment participate in the Texas Municipal Retirement System (such
departments being hereinbefore called 'Iparticipating departments"),
and,
WHEREAS, Chapter 312, Acts Regular Session, 56th Legislature provides for
establishment in said System of a Supplemental Benefits Fund to provide
for participation of employees of such departments in said Supplemental
Benefits Fund;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF COLLEYVILLE, TEXAS:
Section 1. The City of Colleyville, 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 obligations
of participation in said Fund are hereby accepted by the City as to such
employees.
Section 2. The City Manager is hereby directed to notify the Board of Trustees of
the Texas Municipal Retirement System that the City of Colleyville, 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 department 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 Colleyville, 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 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
contribution to said Fund shall not exceed one-half of one percentum (t%)
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.
Ordinance 0-79-335
Page 2
VOLUME :rz;- PAGE loti
SUPPLEMENTAL BENEFITS
Section 5. Participation of the above mentioned employees in the Supplemental
Benefits Fund shall be effective October 1. 1979.
PASSED. APPROVED. AND ADOPTED by t~City COU~il of the City of
Colleyville, Texas. this the .d-~ I day of _' 1979. by
the following vote of . S- to () .
The first Reading and Public Hearing being conducted on the 17th
day of July . 1979.
The second Reading and Public Hearing being conducted on the 7th
day of August. 1979. nJ.J.
The third Reading and Publ ic Hearing being conducted on the 26T~
day of Auqust . 1979.
APPROVED:
BuclId, f~1fJ
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LaVada Johnson
City Secretary
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Ross T. Foster
City Attorney
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