(A) All employees of the city who are members of the Texas Municipal Retirement System shall make deposits to the system at the rate of 7% of their individual earnings. However, this rate shall not be applied to earnings in excess of the maximum earnings subject to retirement deductions as fixed by ordinance.
(B) Effective January 1, 1992, for each month of current service thereafter rendered by each of its employees who are members of the Texas Municipal Retirement System, the city will contribute to the current service annuity reserve of each such member at the time of his or her retirement, a sum that is 200% of such member's accumulated deposits for such month of employment; and the sum shall be contributed from the city's account in the municipality accumulation fund.
(Ord. 383, passed 9-21-81; Am. Ord. 487, passed 10-21-91)