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HomeMy WebLinkAboutOrdinance No. 278 ORDINANCE NO, a� 7� WHEREAS, the governing body of the City of Friendswood, Texas has heretofore 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 provides for establishment in said System of a Supplemental Benefits Fund to provide for additional disability benefits for serviee connected disabilities, and WHEREAS, the governing body of the City of Friendswood, 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 FRIENDSWOOD, STATE OF TEXA.S: Section 1. The City of Friendswood, 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, A.cts 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 Ff?iendswood, 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 Friendswood, 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 Manager 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, pro- vided that the rate of contribution to said Fund sha11 not exceed one-half of one percentum (1/2%) of the earnings of the employees of said city who are covered under said Fund; and such official sha11 make for the City such reports as the Board of Trustees of the Texas Municipal Retirement System may prescribe, Section 5. Participation of the above-mentioned employees in the Supplemental Benefits Fund shall be �effective July 1, 1977. PASSED AND APPROVED on first reading this the 16tlalay of May , 19??. PASSED AND APPROVED on second reading this the 6th day of June , 1977, PASSED AND APPROVED on third and final reading this the 20th June , 1977, � �" ,r>%� � �,,......, O,e►� . .� ••� ,�:. ��• •, ; , . �, � ' ;r � � ��': � . � ��� �: �c Mayor _''` 'c_ � ���,,...'AT7'���: �, . . , . .-t�. � � L-�f�' City Secretary APPROVED AS TO FORM; City Attorney -2-