§ 2-282. Current service and prior service contributions.  


Latest version.
  • Pursuant to V.T.C.A. Government Code § 855.407(g) of Subtitle G, Title 8 ("TMRS ACT"), the City of Stafford hereby elects to make future normal and prior service contributions to its account in the municipal accumulation fund of the Texas Municipal Retirement System ("system"), as the system actuary shall annually determine at the rate necessary to fund, within the amortization period determined as applicable to the city under the TMRS Act, the costs of all benefits which are or may become chargeable to or are to be paid out of the City of Stafford's account in said accumulation fund, regardless of other provisions of the TMRS Act limiting the combined rate of city contributions.

(Ord. No. 938, § 1, 7-21-2010)

Editor's note

Ord. No. 938, § 1, adopted July 21, 2010, did not specifically amend the Code. Therefore, such ordinance has been added as § 2-282 at the editor's discretion.