| DIVISION 2. TEXAS MUNICIPAL RETIREMENT SYSTEM* __________ *State law references: Texas Municipal Retirement System, Vernon's Ann. Civ. St. Tit. 110B, § 61.001 et seq. __________ Sec. 2-15. Election to participate in Texas Municipal Retirement System; employees included. On behalf of the city, the city council exercises its option and elects to have the city and all of the employees of all departments now existing or hereafter established participate in the Texas Municipal Retirement System, and all of the benefits and obligations of such system are accepted as to such employees. Sec. 2-16. Membership as condition of employment. Each person who becomes an employee of any participating department on or after the effective date of participation of such department becomes a member of the Texas Municipal Retirement System as a condition of his employment. (Code 1974, § 2-16; Ord. No. 1577, § 19, 8-1-2006) Sec. 2-17. Refusal to add new departments; discontinuance of participants. The city may, in the future, refuse to add new departments or new employees to the Texas Municipal Retirement System, but will never discontinue as to any participants. (Code 1974, § 2-17; Ord. No. 1577, § 19, 8-1-2006) Sec. 2-18. Employees' contributions. The deposits to be made to the Texas Municipal Retirement System on account of current service of the employees of the several participating departments are fixed at the rate of six percent of the earnings of each employee of such departments, and in determining the deposits to be made on account of such service, the maximum earnings will be full salary. (Code 1974, § 2-18; Ord. No. 986, § 1, 12-19-95; Ord. No. 1577, § 19, 8-1-2006) State law references: Designation of rate of deposit, Vernon's Ann. Civ. St. Tit. 110B, § 65.401. Sec. 2-19. Remittance to board of trustees, prior service certifications, etc. The city secretary is directed to remit to the board of trustees of the Texas Municipal Retirement System, at its office in Austin, Texas, the city's contributions to the system and the amounts which will be deducted from the compensation or payroll of employees, all as required by such board, and the city secretary is authorized and directed to ascertain and certify officially, on behalf of the city, the prior service rendered to the city by each of the employees of the participating departments, and the average prior service compensation received by each, and to make and execute all prior service certifications and all other reports and certifications which may be required of the city by law or in compliance with the rules and regulations of the board of trustees of the Texas Municipal Retirement System. (Code 1974, § 2-19; Ord. No. 1577, § 19, 8-1-2006) |
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