§ 2-76. Supplemental disability benefits fund.

(a)

The city, by its city council hereby elects to have the employees of all participating departments of the city participate in and be covered by the supplemental disability benefits fund of the Texas Municipal Retirement System, as provided by state law; and all the benefits and obligations of participation in such fund are hereby accepted by the city as to such employees.

(b)

Each person who becomes an employee of any participating department on or after the effective date of participation of such department in such fund shall as a condition of his employment be covered into the supplemental disability benefits fund of such system. The city may in the future refuse to add new departments or new employees to such fund, but shall never discontinue as to any members who are covered into the fund.

(c)

The city clerk 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 disability benefits fund of the Texas Municipal Retirement System, such percentage of earnings of the abovementioned employees of the city as may be fixed by the board of trustees of the Texas Municipal Retirement System; provided, that the rate of contribution to such fund shall not exceed 0.50 percent of the earnings of the employees of the city who are covered under such fund; and such official shall make for the city such reports as the board of trustees of the Texas Municipal Retirement System may prescribe.

(d)

Participation of the above-mentioned employees in the supplemental disability benefits fund shall be effective January 1, 1960, or on such later date in such year as the board of trustees of the Texas Municipal Retirement System shall declare such fund to be operative.

(Code 1986, § 2-49; Ord. of 9-15-1959, §§ 1, 3—5)