(a) Supplemental benefits fund. The city, 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 Texas Government Code ch. 854, and all the benefits and obligations of participation in said fund are hereby accepted by the city as to such employees.
(b) Notification. The city manager is hereby directed to notify the board of trustees of the Texas Municipal Retirement System that the city has elected to participate and have the employees of the above-mentioned departments participate in the supplemental benefits fund of said system.
(c) Employees covered but city may refuse to add new departments or employees. Each person who becomes an employee of any participating department on or after the effective date of participation of such department in said supplemental benefits fund shall as a condition of his employment be covered into said supplemental benefits fund of said system. The city 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 said fund.
(d) Remittance, rate of contribution. The personnel director 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 of contribution to said fund shall not exceed one-half of one percent of the earnings of the employees of the city who are covered under said fund; and such officials shall make for the city such reports as the board of trustees of the Texas Municipal Retirement System may prescribe.
(e) Supplemental death benefits. The city hereby elects to participate in the supplemental death benefits fund of the Texas Municipal Retirement System beginning on the first day of the calendar month following written notification to the system of the adoption of this ordinance (ordinance dated October 28, 1980) for the purpose of providing in-service death benefits in the amounts and on the terms provided for in Texas Government Code § 854.603 for each of the city's employees who are members of said system, and for the purpose of providing post-retirement death benefits as provided in said section 854.603 for annuitants whose last covered employment was as an employee of this city.
(Prior Code, § 1-7; Ord. of 10-28-1980; Ord. of 10-9-1984)