§ 2-121. Supplemental Disability Benefits Fund.

(a)

Election to participate. The city council hereby elects to have the employees of all departments of the city participate in and be covered by the Supplemental Disability Benefits Fund of the Texas Municipal Retirement System, as provided by Vernon's Ann. Civ. St. Title 110B, Sections 62.003, 65.313 and 65.408, and all the benefits and obligations of participation in such fund are hereby accepted by the city.

(b)

Employees included. Each person who becomes an employee of the city on or after November 1, 1964, shall, as a condition of his employment, be covered into the Supplemental Disability Benefits Fund of the Texas Municipal Retirement 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)

Remittance to board of trustees; rate of contribution. The director of finance 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 all the employees of the city as may be fixed by the board of trustees of the Texas Municipal Retirement System; provided, the rate of contribution to said fund shall not exceed one-half of one (1) percent of the earning of the employees of the city who are covered under the 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)

Effective date of participation. Participation of city employees in the Supplemental Disability Benefits Fund shall be effective on November 1, 1964.

(Code 1965, §§ 2-26—2-29)