2543 ORD PROVIDING FOR PARTICIPATION IN SUPPLEMENTAL BENEFITS FUND OF TX MUNICIPAL RETIREMENT SYSTEM
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.
Section 4. The Director of Finance 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 Ret.irement System,
provided that the rate of contribution to said Fund shall not ex-
ceed one-half of one percentum (1/270) 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.
Section 5. Partic.ipation of the above mentioned employees
in the Supplemental Benefits Fund shall be effective on January l,
1981.
Sect.ion 6. The provisions of this ordinance shall be included
and incorporated in the Code of Ordinances of the City of Paris as
an addition or amendment thereto and shall be appropriately re-
numbered as a part of Chapter 2, Article II, Division 2, to con-
form to the uniform numbering system of the Code.
Passed and adopted this lOth day of November, 1980.
~
Michael E. Malone, Mayor
ATTEST:
~
H. C. G eene, City Clerk
APPROVED TO FORM:
. K, aynes, ity ttorney