HomeMy WebLinkAboutOrdinance 1074
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ORDINANCE NO. 10,L\
AN ORDINANCE AUTHORIZING AND ALLOWING, UNDER THE ACT GOVERNING THE
TEXAS MUNICIPAL RETIREMENT SYSTEM, "UPDATED SERVICE CREDITS" IN SAID
SYSTEM FOR SERVICE PERFORMED BY QUALIFYING MEMBERS OF SUCH SYSTEM
WHO PRESENTLY ARE IN THE EMPLOYMENT OF THE CITY OF NORTH RICHLAND
HILLS; PROVIDING FOR PARTICIPATION OF THE CITY IN THE SUPPLEMENTAL
DEATH BENEFITS FUNDS TO PROVIDE CERTAIN IN-SERVICE DEATH BENEFITS
FOR EMPLOYEES, AND DEATH BENEFITS FOR ANNUITANTS WHOSE LAST
EMPLOYMENT BEFORE RETIREMENT WAS WITH THE CITY OF NORTH RICHLAND
HILLS, TEXAS, AND ESTABLISHING AN EFFECTIVE DATE FOR SUCH ACTIONS.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF NORTH RICHLAND HILLS, TEXAS:
Section 1. Authorization of Updated Service Credits
(a) On the terms and conditions set out in Sections 63.401 through
63.403 of Title 110B, Revised Civil Statutes of Texas, 1925, as amended, each
member of the Texas Municipal Retirement System who has current service credit
or prior service credit in said System in force and effect on the 1st day of
January, 1984, by reason of service in the employment of the City of North
Richland Hills, and on such date has at least 36 months of credited service
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with said system, shall be and is hereby allowed "Updated Service Credit" (as
that term is defined in subsection (d) of Section 63.402 of said title) in an
amount that is 100% of the "base Updated Service Credit" of the member _
(calculated as provided in subsection (c) of Section 63.402 of said title).
The Updated Service Credit hereby allowed shall replace any Updated Service
Credit, prior service credit, special prior service credit, or antecedent
service credit previously authorized for part of the same service.
(b) On the terms and conditions set out in Section 63.601 of said
title, any member of the Texas Municipal Retirement System who is eligible for
Updated Service Credits on the basis of service with this City, and who has
unforfeited credit for prior service and/or current service with another
participating municipality or municipalities by reason of previous service,
and was a contributing member on January 1, 1983, shall be credited with
Updated Service Credits pursuant to, calculated in accordance with, and
subject to adjustment as set forth in said 63.601.
(c) In accordance with the provisions of subsection (d) of Section
63.401 of said title, the deposits required to be made to the Texas Municipal
Retlrement System by employees of the several participating departments on
account of current service shall be calculated from and after the date
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Ordinance No.
aforesaid on the full amount of such person's earnings as an employee of the
City.
Section 2. Supplemental Death Benefit Fund
That the City of North Richland Hills hereby elects to participate
in the Supplemental Death Benefits Fund of the Texas Municipal Retirement
System for the purpose of providing in-service death benefits for each of the
City's employees who are members of said System, and for the purpose of
providing post-retirement death benefits for annuitants whose last covered
employment was as an employee of the City, in the amounts and on the terms
provided for in Sections 62.004, 64.60l through 64.605, 65.314, 65.409, and
65.502 of Title 110B, Revised Civil Statutes of Texas, 1925, as amended.
Effective Date. Subject to approval by th7 Board of Trustees of
Texas Municipal Retirement System, the updated service credits and coverage
under the Supplemental Death Benefits Fund granted hereby shall be and become
effective on the lst day of January, 1984.
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Passed and approved this the 24thday of OCTOBER
, 1983.
DICK FARAM, MAYOR
ATTEST:
Jeanette Moore, City Secretary
APPROVED AS TO FORM AND LEGALITY:
Rex McEntire, City Attorney