(a)
On behalf
of the City of Hillsboro, Texas, the city council hereby 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 as provided in Chapter 75,
Acts 50th Legislature, as amended (Article 6243h of Vernon's Civil
Statutes of Texas), and all of the benefits and obligations of such
system are hereby accepted as to such employees.
(b)
The mayor
or city manager is hereby directed to notify the board of trustees
of the Texas Municipal Retirement System that the City of Hillsboro,
Texas, has elected to participate and have the employees of the above
departments participate in said system.
(c)
Each person
who becomes an employee of any participating department on or after
the effective date of participation of such department shall become
a member of the Texas Municipal Retirement System as a condition of
his employment. The City of Hillsboro, Texas, may in the future refuse
to add new departments or new employees to such system, but shall
never discontinue as to any participants.
(d)
In accordance
with the provisions of the statute, 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 hereby
fixed at the rate of five (5) percent of the earnings of each employee
of said departments, and in determining the deposits to be made on
account of such service the maximum earnings of this city is full
salary.
(e)
The city
secretary or other proper official is hereby 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 shall be deducted from the compensation or payroll
of employees, all as required by said board under the provisions of
Chapter 75, Acts of the 50th Legislature of the State of Texas, as
amended, and the said official is hereby authorized and directed to
ascertain and certify officially on behalf of the City of Hillsboro,
Texas, the prior service rendered to the said municipality 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 of Hillsboro, Texas, under the provisions
of Chapter 75, Acts Regular Session, 50th Legislature, as amended,
or in compliance with the rules and regulations of the board of trustees
of the Texas Municipal Retirement System.
(f)
Participation
of the above-mentioned employees in the Texas Municipal Retirement
System shall become effective on April 1, 1977.
(1974 Code of Ordinances, Chapter 2, Section 2-26)
The provisions of the TMRS as adopted by the City of Hillsboro,
Texas are on file in the office of the city secretary.
(Ordinance adopting Code)
