§ 2-142. Single composite participation date.

The city hereby elects to have all of its departments now participating in the state's municipal retirement system hereafter treated and considered, for the purpose of determining normal and prior service contribution rates to the state's municipal retirement system and for the purpose of determining any period within which the city shall fund the obligations mentioned in V.T.C.A., Government Code § 855.401 et seq., as amended, as having a single composite participation date, which composite date shall be determined by the actuary of the state's municipal retirement system in the manner prescribed by such statute.

(Code 1978, § 2-137; Code 1993, § 2-131)