2543 ORD PROVIDING FOR PARTICIPATION IN SUPPLEMENTAL BENEFITS FUND OF TX MUNICIPAL RETIREMENT SYSTEM

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ORDINANCE NO. 2543 , AN ORDINANCE PROVIDING FOR PARTICIPATION IN THE SUPPLEMENTAL BENEFITS FUND OF THE TEXAS MUNICIPAL RETIREMENT SYSTEM BY ALL DEPARTMENTS OF THE CITY GOVERNNIENT WHICH NOW PARTICIPATE IN THE TEXAS MUNICIPAL RETIREMENT SYSTEM; AND PROVIDING FOR PAYMENT OF THE CITY'S CONTRIBUTIONS ON ACCOUNT OF SUCH PARTICIPATION. WHEREAS, the governing body of the City of Paris, Paris, Texas, has heretofore elected to have the employees of all departments of the City of Paris, except the City of Paris Fire Department, participate in the Texas Municipal Retirement System; 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 service connected disabilities; and, WHEREAS, the governing body of the City of Paris, Paris, Texas, finds that it will be in the public interest to provide for participation of employees of such departments in said Supple- mental Benefits Fund; NOW, ?HEREFORE, BE I"I' ORDA INED BY THE CITY COUNCIL OF THE CITY OF PARIS: Section l. The City Council of the City of Paris hereby elects to have the employees of all participating departments, except the City of Paris Fire Department, 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 oE participation in said Fund are hereby accepted by the city as to such employees. Section 2. The City Manager is hereby authorized and directed to notify the Board of Trustees of the Texas Municipal Retirement System that the City of Paris, Paris, Texas, has elected to participate and have the employees of the participating departments, that is, all departments except the City of Paris Fire Department, 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 partici- pation 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 Paris, Paris, 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.