1964-058 AN ORDINANCE PRESCRIBING THE MAXIMUM EARNINGS TO '
BE CONSIDERED IN CALCULATING DEPOSITS AND CONTRIB-
UTIONS TO BE MADE BY REASON OF CURRENT SERVICE OF
EMPLOYEES OF THIS CITY WHO ARE MEMBERS OF THE TEXAS
MUNICIPAL RETIREMENT SYSTEM.
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS
That all annual earnings an multiples of $1,200 whlo~
may be paid by the City of Denton, Texas, to any of its employees
who are members of the Texas Municipal Retirement System, shall
be considered in calculating the amount to be withheld and the
deposits and contributions to be ~de to the Texas Municipal
Retirement System by reason of Current Service rendered by such
employee to this City, and the maxlmum amount which shall be
deducted each month for Current Service deposits to said System
(where such compensation is paid on a monthly basis) shall
exclude payments in excess of one-twelfth (1/12th) of the
said annual earnings to be taken into account in calculating
deposits and contributions on account of Current Service
PASSED AND APPROVED this ~/ day of December, A.D 1964
Warren Wh~tson, Jr , Mayor
City of Denton, Texas
ATTEST
/~r'o~ok/s~~~c r e ts r y
City of Denton, Texas
APPROVED AS TO LEGAL FORM
Barton, City Attorney
Denton, Texas