Ord 2049 10/14/1963 ORDINANCE NO. 2049
AN ORDINANCE PROVIDING FOR PARTICIPATING 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 PAYMENT OF
THE CITY 'S CONTRIBUTIONS ON ACCOUNT OF SUCH PARTICIPATION.
WHEREAS, the governing body of the City of Wichita Falls, Texas
has heretofore elected to have the employees of certain departments of
the City government participate in the Texas Municipal Retirement Sys-
tem, and
WHEREAS, Chapter 312 , Acts Regular Session, 56th Legislature pro-
vides 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 Wichita Falls, Texas
finds that it will be in the public interest to provide for participa-
tion of employees Of such departments in said Supplemental Benefits
Fund;
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF
WICHITA FALLS, TEXAS :
SECTION 1. The City of Wichita Falls, Texas, by its Board of
Aldermen hereby elects to have the employees of such departments of
said City 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 all employees.
SECTION 2 . The City Manager is hereby directed to notify the
:oard of Trustees of the Texas Municipal Retirement System that the
City of Wichita Falls, Texas, has elected to participate and have the
employees of such departments participate in the Supplemental Benefits
Fund of said System.
SECTION 3. Each person who becomes an employee of any 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 Wichita Falls ,
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
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to the Supplemental Benefits Fund of the Texas Municipal Retirement
System, such percentage of earnings of said employees of said City as
may be fixed by the Board of Trustees of the Texas Municipal Retirement
System, provided that the rate of contribution to said Fund shall 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 shall
make for the City such reports as the Board of Trustees of the Texas
Municipal Retirement System may prescribe.
. SECTION 5. Participation of theabove-mentioned employees in the
Supplemental Benefits Fund shall be effective January 1, 1964, or on
such later date as the Board of Trustees of the Texas Municipal Retire-
ment System shall declare said Fund to be operative.
PASSED AND APPROVED this the 14th day of October , 1963.
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