HomeMy WebLinkAboutOrdinance No. 83-26 r
ORDINANCE N0 . �.� �
AN ORDINANCE AUTHORIZING AND ALLOt�TING, UNDER THE
ACT GOVERNING THE TEXAS MUNICIPAL RETIREMENT SYSTEM,
"UPDATED SERVICE CREDITS" IS SAID SYSTEM FOR SERVICE
PERFORMED BY QUALIFYING MEMBERS OF SUCH SYSTEM WHO
PRESENTLY ARE IN THE EMPLOYMENT OF THE CITY OF
FRIENDSWOOD; PROVIDING FOR PARTICIPATION OF THE CITY
IN THE SUPPLEMENTAL DEATH BENEFITS FUND OF THE TEXAS
MUNICIPAL RETIREMENT SYSTEM, TO PROVIDE CERTAIN IN-
SERVICE DEATH BENEFITS FOR EMPL�Y�EES, AND DEATH
BENEFITS FOR ANNUITANTS WHOSE LAST EMPLOYMENT BEFORE
RETIREMENT WAS WITH THE CITY OF FRIENDSWOOD, TEXAS :
AND ESTABLISHING AN EFFECTIVE DATE FOR SUCH ACTIONS .
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FRIENDSWOOD,
TEXAS :
Section l. 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 lst
day of January, 1984, by reason of service in the employment
of the City of Friendswood, 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 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) 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 Retirement System by �'mployees of
the several participating de�artments 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.
fi
Section 2 . Effective Date. Subject to approval by the
Board of Trustees of the Texas Municipal Retirement System,
the updated service credits granted hereby shall be and become
effective on the lst day of January, 1984 .
WHEREAS, the City of Friendswood is a municipality
participating on a full-salary basis in the several programs
presently operated by the Texas Municipal Retirement System; and,
�nTHEREAS, the City Council is of opinion that it is to the
best interest of the City that employees and annuitants whose
last covered employment under the System was as an employee
of the City shall participate in the Supplemental Death Benefits
Fund operated by said System; now therefore ,
BE IT FURTHER ORDAINED BY THE CITY COUNCIL OF THE CITY OF
FRIENDSWOOD:
Section l . That the City of Friendswood 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 who�e last covered
employment was as an employee of the City, in the amounts and
on the terms provided for in Sections 62 . 004, 64.601 through
64. 605 , 65 .314, 65 .409, and 65 . 502 of Title 110B, Revised Civil
Statutes of Texas , 1925, as amended.
Section 2 . The City of Friendswood is hereby authorized
and directed to notify the Director of the System of adoption
of this ordinance, and of the participation of the City in
said Fund.
Section 3 . Participation of the above mentioned employees
and annuitants in the Supplement Death Benefits Fund shall be
effective on the lst day of �. e��t����-- , 19�'� .
� _
PASSED AND APPROVED on first reading this the � day of
��1rs..��E-�x.��,r,�' , 1983 .
PASSED AND APPROVED on s�econd reading this the <<� � day of
.(�:€:t��.�:,�L_!L�-z-= , 1983 .
PASSED, APPROVED AND ADOPTED on third and final reading this
the _L� day of ,��'rx{'-���/ �' t ' , 1983 .
��'--� `�
�����7�Y f�� ���`�
Mayor
ATTEST :
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�i�-1�-t'�--/�:�_c- L" � �� .r �-_�
City Secretary