§ 78-121. Maximum earnings for purpose of system.

Latest version.

Annual earnings in excess of $8,400.00 which may be paid by the city to any of its employees who are members of the Texas Municipal Retirement System shall not be considered in calculating the amount to be withheld and the deposits and contributions to be made to the Texas Municipal Retirement System because of current service rendered by such employee to this city, and the maximum amount which shall be deducted each month for current service deposits to the system, where such compensation is paid on a monthly basis, shall exclude payments in excess of 1/12 of the sum of $8,400.00.

(Code 1968, § 22-72)

State law reference

Member contributions established by city, V.T.C.A., Government Code § 855.401.

                    
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