HomeMy WebLinkAbout0071_1980' TMRS-C
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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 IN
THE EMPLOYMENT OF THE CITY OF To W
PROVIDING FOR INCREASED PRIOR AND CURRENT SERVICE
ANNUITIES FOR RETIREES AND BENEFICIARIES OF DECEASED
RETIREES OF THE CITY; AND ESTABLISHING AN EFFECTIVE DATE
FOR SUCH ACTIONS.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF GFc)grFTOWN . 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, 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, 19_82
of the City of r , by reason of service in the employment
,earg.tnwn , and on such date has at least 36 months of credited
service 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 .111D�.g�b
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) In accordance with the provisions of subsection d of Section 63.401 of said
Title 1108, the deposits required to be made to the Texas Municipal Retirement System
by employees of the several participating departments on account of current service shall
be calculated from and after the date aforesaid on the full amount of such person's earnings
as an employee of the City.
Section 2. Increase in Retirement Annuities.
(a) On the terms and conditions set out In Section 64.203 of Title 1108, Revised
Civil Statutes of Texas, as amended, the City of hereby
allow and to provide for payment of the Increases below rstated In month! benefits payable to
by the Texas Municipal Retirement System to retired employees and o beneficiaries of
deceased employees of this City under current service annuities and prior service annuities
arising from service by such employees to this City. An annuity Increased under this Section
replaces any annuity or Increased annuity previously granted to the same person.
G�rxb», uytr�
(b) The amount of annuity increase under this Section is computed as the sum
of the prior and current service annuities on the effective date of retirement of the person
on whose service the annuities are based, multiplied by __Za_96 of the percentage change
in Consumer Price Index for Ali Urban Consumers, from December of the year immediately
preceding the effective date of the person's retirement to the December that is 13 months
before the effective date of this ordinance.
(c) An increase In an annuity that was reduced because of an option selection
Is reducible in the same proportion and in the same manner that the original annuity was
reduced.
(d) If a computation hereunder does not result In an Increase in the amount of
an annuity, the amount of the annuity will not be changed hereby.
(e) The amount by which an increase under this Section exceeds all previously
granted increases to an annuitant is an obligation of this City and of its account in the municipality
accumulation fund of the Texas Municipal Retirement System.
Section 3. Effective Date. Subject to approval by the Board of Trustees of Texas
Municipal Retirement System, the updated service credits and increases In retirement annuities
granted hereby shall be and become effective on the Ist day of January, I9 82 .
Passed and approved on first reading this —2— day of / A •
1981, and on second and final reading this )--r I
day of
1981.
ATTEST:
City Secretary or Clerk
TMRS -E
AN ORDINANCE PROVIDING FOR PARTICIPATION IN THE
SUPPLEMENTAL BENEFITS FUND OF THE TEXAS MUNICIPAL
RETIREMENT SYSTEM BY ALL DEPARTMENTS OF THE CITY
GOVERNMENT WHICH NOW PARTICIPATE IN THE TEXAS
MUNICIPAL RETIREMENT SYSTEM; AND PROVIDING FOR
PAYMENT OF THE CITY'S CONTRIBUTIONS ON ACCOUNT
OF SUCH PARTICIPATION.
WHEREAS, the governing body of the City of
Texas has heretofore elected to have the employees o desgnate��
(all) departments of the city government participate in the Texas
Municipal Retirement System (such departments being hereinbefore
called "participating departments"), and
WHEREAS, Chapter 312, Acts Regular Session, 56th Legislature
provides for establishment in said System of a Supplemental Benefits
Fund to provide for additional disability benefits for service con-
nected disabilities, and
WHEREAS, the governing body of the Cit of c
,Texas finds that it will be in the public interestetoeprovide for
participation of employees of such departments in said Supplemental
Benefits Fund; now, therefore,
OF
BE IT ORDAINED BY THE (CITY COUNCIL) (BOARD OF COMMISSIONERS)
G OR . WN TEXAS :
Section 1. The City of- Georgetown Texas, by its
(City Counc (Board of Commissioners here y e ects to have the
employees of all participating departments of said city (as above
defined) participate in and be covered by the Supplemental Benefits
Fund of the Texas Municipal Retirement System, as provided by
Chapter 312, Acts Regular Session, 56th Legislature; and all the
benefits and obligations of participation in said Fund are hereby
accepted by the city as to such employees.
Section 2. The (Mayor) (City Manager) is hereby directed to
notify the Board of Trustees of the Texas Municipal Retirement
System that the City of Texas, has elected to
participate and have the emp oyees of t e a ove mentioned depart-
ments participate in the Supplemental Benefits Fund of said System,
Section 3. Each person who becomes an employee of an
y partici-
pating department on or after the effective date of participation of
such department in said Fund shall as a condition of his employment
be coverp# into the Supplemental Benefits Fund of said System. The
City of ,r ,J Texas, may in the future refuse to add
new departmen s or new emp�yees to said Fund, but shall never dis-
continue as to any members who are covered into the Fund.
3
SUPPLEMENTAL BENEFITS ORDINANCE (continued)
Section 4. The is
City Secretary or other proper official
hereby directed to remit monthly to the Board of Trustees of the
Texas Municipal Retirement System at its office in Austin, Texas;
as the City's contributions to the Supplemental Benefits Fund of the
Texas Municipal Retirement System, such percentage of earnings of the
above-mentioned employees of said city as may be fixed by the Board
of Trustees of the Texas Municipal Retirement System, provided that
the rate of contribution to said Fund shall not exceed one-half of
one percentum (1/2%) of the earnings of the employees of said city
who are covered under said Fund; and such official shall make for the
City such reports as the Board of Trustees of the Texas Municipal
Retirement System may prescribe.
Section 5. Participation of the above mentionpd employees in
the Supplemental Benefits Fund shall be effective _P doAa,H
Passed and approved this the day of L,
19_ on first reading, and on second an final reading this � day o
1981.
ATTEST:
1
0 11�
city secretary or Clerk
%�L
C
MaVor
11
(TMRS-H)
(5/76)
TEXAS MUNICIPAL RETIREMENT SYSTEM -
"BUY -BACK" ORDINANCE
AN ORDINANCE ALLOWING CERTAIN EMPLOYEES OF THE CITY
WHO HAVE TERMINATED PREVIOUS MEMBERSHIPS IN TEXAS
MUNICIPAL RETIREMENT SYSTEM, TO DEPOSIT THE SUMS SO
WITHDRAWN, PLUS ANNUAL WITHDRAWAL CHARGES, AND AL-
LOWING AND UNDERTAKING THE COST OF ALLOWING ANY SUCH
EMPLOYEE CREDIT IN SUCH SYSTEM FOR ALL SERVICES TO
WHICH SUCH EMPLOYEE HAD BEEN ENTITLED AT DATE OF
SUCH WITHDRAWAL, WITH LIKE EFFECT AS IF ALL SUCH
SERVICE HAD BEEN PERFORMED AS AN EMPLOYEE OF THIS
CITY.
WHEREAS, the actuary for the Texas Municipal Retirement
belowmauthorizedhas manddundertakenthat the gwilling of the credits herein -
the City to meet all present and prospectiveair liabilitiestheiof iof
ts
account in the Municipality Prior Service Accumulation Fund with
Texas Municipal Retirement System, and will not impair the ability
of the City to provide forpayment of prior service annuities or
current service annuities chargeable to its accounts with the
System; now, therefore,
TEXAS.* BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN,
Section 1. Pursuant to subsection 8 of Section VI of
Article , ernon's Texas Civil Statutes, as amended, the
City of GEORGETOWN hereby elects to allow any member of Texas
Municipal etireme�Syemwho is(ly employee of this City on
theZ day of,197 , who has terminated a pre-
vious mem ership item by` withdrawal of deposits while
absent from service, to deposit with the System in a lump sum
the amount withdrawn, plus a withdrawal charge of five per cent
(51) of such amount for each year from date of such withdrawal
to date of redeposit, and thereupon such member shall be allowed
credit for all service to which the member had been entitled at
is date may not be later than the effective date of
the Ordinance.
5
date of termination of the earlier membership, with like effect
as if all such service had been rendered as an employee of thi
City, whether so rendered or not. The City of GEORGETOWN agrees
to underwrite and hereby assumes the obligations arising out of
the granting of all such credits, and agrees that all such obli-
gations and reserves required to provide such credits shall be
charged to this City's account in the Municipality annumPrior
Service
Accumulation Fund. The five per cent (5%) p
drawal
charge paid by the member shall be deposited to the credit of the
City's account in said Municipality Prior Service Accumulation Fund;
and the
bedeposits
credited tothe
hisamount
individualpreviously
accountwithdrawn
the Employees member
shall loyeesSaving
Fund of the System. /
Passed and approved this the L_� day of V •
19,V
ATTEST: APPROVED:
T E >F A. Sr M U N I C I P A L R E T
R E M E N T S Y S T E M
R U Y— B A C K A P P L I C A T i 0 N
I. WILLIS L. WOOD
HEREBY CERTIFY. THAT IT
CITY NO, 005069 S.S,NO, 465-64-0925*
jS MY DESIRE 7p R
RETIREMENT SYSTEM• IN A UMp..DEPOSIT IN THE TEXAS MUNICIPAL
L SUM PAYMENT, THE AMOUNT PREVIOUSLY WITH
THE TERMINATION OF PREVIOUS MEMBERSHIP DRAWN AT
S� PLUS
PERCENT 15%) OF SUCH'AMOUNT PER ANNUM q WITHDRAWAL CHARGE'
HARGE OF FIVE.
OF REDEPOSITS FROM THE GATE OF WITHDRAWAL TO THE DATE
I SHALL THEREUPON BE ENTITLED TO CREDIT FOR p
MONTHS OF R
C ED TABLE ICE 4 ADDITIONAL
SERV :
I THE REQUIRED LUMP-
SUM PAYMENT ISI
1. THE AMOUNT OF DEPOSITS PREVIOUSLY WIT
2• THE AMOUNT OF 2A?..66 WITHDRAWN •
S WITHDRAWAL CHA
AS OF 07-31-7b RGE ACCRUED
S 166.07'
3• THE ADDITIONAL WYTHDRAWA
DATE OF L CHARGE FROM
07-31-76 70 R
f EDEPOSIT
-- MONTHS AT S
1.18 EACH
HE TOTAL WITHDRAWAL CHARGE -�► .yam`
S, TOTAL.. LUMP—
SUM PAYMENT REQUIRED
I FURTHER��7• ��
CERTIFY TO THE FO
LLOWINGi
A• I WAS AN EMPLOYEE OF
Started to Work THE CITY OF GEORGETOWN
AND for the City on 3/10/69 ON 7 2
B. HAVE AT LEAST TWENTY—FOUR (24) CONS
ECU MONTHS OF CREDITAALE SERVICE
WITH THE CITY OF GEORGE701vN
MEMBERSHIPSINCE REESTABLISHMENT OF
IN THE TEXAS MUNICIPAL RETIREMENT SYSTEM,
I UNDERSTAND THAT THE wiTHpRAwal CHARGE WILL BE CREDITED TO OR FUT THE CITY$S
ACCOUNTS AND I WILL HAVE NO PRESENT
OR ANY BENEFIT TO BE DERIVED FROM IT, URE RIGHT TO THIS WITHDRAWAL CHARGE
WITNESSED 8Yi 1
• g'' .. NEO i
2,
• DATE, ......1. ,�z".�..7
(WITNESSES NEEDED ONLY WHEN iX) ISS
U ED FOR SIGNATURE)
a
TMRS-F
(Model Ordinance)
DINA14CE PROVIDING FOR INCREASED
ANNUITY L
AN OR
CONTRIBUTIONS TO THE CURRENT TEXAS.
AT RETIREMENT OF THE EMPLOYEES OF THE
RESERVE CITY OF GEORGETOWN
BE IT ORDAINED BY THE CITY COUNCIIF GEORGETOWN TEXAS:
O
January 1, 19 73 , for each month of Current Service
That effective
b each of its employees who are members of the Texas
thereafter renderedY
S stem, the City will contribute to the current service
Municipal Retirementy
of each such member at the time of his retirement, a sum
annuity reserve osits for such
that is
2 00% of such member's accumulated dep
(150% or 20051)
month of employment; ent• and said sum shall be contributed from the City's
Municipality Current Service Accumulation Fund.
account in the
Passed and approved this the
day of 19
APPROVED:
ATTEST:
Mayor
City Secretary or Clerk
4vµ Ili,p4f'
?ig
A'
TMRS- I
(Model Ordinance, Combined
Antecedent Service and
Special Prior Service Credit).
AN ORDINANCE UNDERTAKING TO PROVIDE FOR, AND GRANTING
"ANTECEDENT SERVICE CREDIT" AND "SPECIAL PRIOR SERVICE
CREDIT" AT THE RATES HEREIN SPECIFIED, TO QUALIFYING
EMPLOYEES OF THE CITY OF GEORGETOWN , TEXAS
BE IT ORDAINED BY THE CITY COUNCIL OF GEORGETOWN
TEXAS:
Section 1.
Each person who is an employee of the City of _ Georgetown
on the 31st day of December, 19 72 (-')and who is at that date a
member of the Texas Municipal Retirement System shall be allowed,
and, upon the terms and conditions prescribed by Sec. XVI of Article
6243h, Vernon's Texas Civil Statutes, as amended by Chapter 371, Acts
-Regular Session. 61st Legislature, is hereby granted, effective on
the date last above mentioned, "antecedent service credit" (as that
term is defined in said Act) calculated on the basis of one hundred
per cent(2) 0000 of each current service deposit actually made by
such person with the Texas Municipal Retirement
System during each
month of current service performed for this city prior to the 31st
day of — December 1972 . (3 )
Section 2.
Each person who is an employee of the City of Georgetown
on the 31st day of December, 19-7�(1)
and who at said date is a
member of the Texas Municipal Retirement System and who holds in
said System an effective prior service certificate granted by reason
of service performed for this City prior to its participation in
said System, shall be allowed and is hereby granted (upon the terms
and conditions prescribed by Sec. XV of Article 6243h, Vernons
Texas Civil Statutes as amended by Chapter 371, Acts of the Regular
Session, 61st Legislature) a "Special Prior Service Credit" in an
amount equivalent to the accumulation at interest, as provided in
said Act, of a series of monthly payments of five
per cent (4) ( 5 %) of the member's "average
prior service compensation"
Page 2
TMRS-I
for the number of months of prior service certified to in such credit
memberThe special prior service
s prior service certificate. ,.,,
herein provided for shall be in addition to the prior service credit
heretofore allowed such member.
Any person who was employed by the City of Georgetown
(1) whose membership in Texas Muni -
prior to December 31, 19 72 ,
cipal Retirement System by reason of such service has not termi-
nated, and who on said date is absent from service in the employment
of the city, -shall be entitled to antecedent service credit and to
special prior service credit in the amount (if any) he would have
been allowed under Sections 1 and 2 hereof had he been in active
service on said date, provided such person again becomes an employee
of the city before termination of his said membership in Texas
Municipal Retirement System and within five years from the 31st day
of December, 19 ? ,(l)and provided such person thereupon continues
as an employee of a participating department of the city of
orcretown for a period of five (5) consecutive years.
Passed and approved this the day of ,.
19 .
ATTEST:
City Secretary or Clerk
APPROVED:
mayor
l This date will be the end of the calendar year in which the
ordin a is passed.
The council may choose to overmatch antecedent service
deposits either fifty per cent or one hundred per cent, and this blank
shoulcj a filled in to record the percentage selected.
13 As to cities which have theretofore undertaken overmatching
of current service deposits pursuant to Sec. XIV, this blank should
be filled in with the effective date of such undertaking. Other-
wise, this blank should be filled in with the same date as for note 1,
above
(4)The council is allowed to grant special prior service credits
calculated at either 2j%, or at 5% (but not over 5% on a cumulative
basis) of average prior service compensation. This blank should be
filled in to record the basis chosen by the council.
IS
r
AN ORDINANCE AMENDING ORDINANCE PROVIDING FOR PARTI-
CIPATION IN TEXAS MUNICIPAL RETIREMENT SYSTEM BY THE
CITY OF GEORGETOWN TEXAS
WHEREAS, by Ordinance enacted OIW February 9, 1959s the City of George-
town exercised its option to have certain employees of said City participate in
the Texas Municipal Retirement System as provided in Chapter 75, Acts of the
50th Legislature; and,
WHEREAS, the City of Georgetown desires to amend said Ordinance by
adding the Fire Department of said City to those covered by the provisions of
the ordinance;
THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF GEORGE-
TOWN, TEXAS, THAT Section 1 of said Ordinance shall hereafter be as follows:
"That on behalf of the City of Georgetown, Texas, the City Council hereby
exercises its option and elects to have the City and all the employees of the follow-
ing departments of said City, viz, utility, electric, water, sewer, office, street
sanitation, police and fire departments, participate is the Texas Municipal Reitre-
ment System as provided in Chapter 75, Acts of the 50th Legislature, as amended,
Article 7243 H of Vernon's Civil Statutes of Texas, and all of the benefits and
obligations of such system are hereby accepted as to such employees, rr
All of the other provisions of said Ordinance duly enacted on February 9,
1959 except as expressly changed herein shall remain in full force and effect.
PASSED AND APPROVED this day of,,,tay, A.D. 1966.
ATTEST:
44D EADS, TY SECRETARY