HomeMy WebLinkAboutOrdinances (O-90-782)-07/03/1990
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
1
y0f}ikj)_
(p-j-fO
)l:~P' 1\.
'~ .
ff
ORDINANCE 0-90-782
2
3
AN ORDINANCE AFFECTING PARTICIPATION OF CITY EMPLOYEES IN THE
TEXAS MUNICIPAL RETIREMENT SYSTEM; GRANTING THE ADDITIONAL RIGHTS,
CREDITS AND BENEFITS AUTHORIZED BY SECTIONS 854,202(f), 854.204,
854.405, 854.406 and 854,410 OF TITLE 8, V. T. C. A., GOVERNMENT
CODE, AS AMENDED; AND PRESCRIBING THE EFFECTIVE DATE OF THIS
ORDINANCE.
4
5
6
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF COLLEYVILLE,
TEXAS:
7
Sec. 1.
Pursuant to the provisions of Sections 854.202(f),
854.204, 854.405, 854.406, and 854.410 of Subtitle
G of Title 8, V. T. C. A., Government Code, as amended,
which Subtitle shall herein be referred to as the
"TMRS Act," the City of Colleyville, Texas, adopts
the following provisions affecting participation of
its employees in the Texas Municipal Retirement System
(which retirement system shall herein be referred
to as the "System"):
8
9
a)
Any employee of this City who is a member of
the System is eligible to retire and receive
a service retirement annuity, if the member has
at least 25 years of credited service in that
System performed for one or more municipalities
that have participation dates after August 31,
1987, or have adopted a like provision under
Section 854,202(f) of the TMRS Act.
b)
If a member who subsection (b) of Section 854.204
of the TMRS Act is applicable, shall die before
becoming eligible for service retirement and
leaves surviving a lawful spouse whom the member
has designated as beneficiary entitled to payment
of the member's accumulated contributions in
the event of the member's death before retirement,
the surviving spouse may by written notice filed
with the System elect to leave the accumulated
deposits on deposit with the System subject to
the terms and conditions of said Section
854.204(b), If the accumulated deposits have
not been withdrawn before such time as the member,
if living, would have become entitled to receive,
in lieu of the accumulated deposits, an annuity
payable monthly thereafter during the lifetime
of the surviving spouse in such amount as would
have been payable had the member lived and retired
at that date under a joint and survivor annuity
(Option 1) payable during the lifetime of the
member and continuing thereafter during the
lifetime of the surviving spouse.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
Sec. 2.
22
23
24
25
26
Ordinance 0-90-782
Page 2
c) At any time before payment of the first monthly
benefit of an annuity, a surviving spouse to
whom subsection (b) applies may, upon written
application filed with the System, receive payment
of the accumulated contributions standing to
the account of the member in lieu of any benefits
otherwise payable under this section. In the
event such a surviving spouse shall die before
payment of the first monthly benefit of an annuity
allowed under this section, the accumulated
contributions credited to the account of the
member shall be paid to the estate of such spouse.
d) The rights, credits and benefits hereinabove
authorized shall be in addition to the plan
provisions heretofore adopted and in force at
the effective date of this ordinance pursuant
to the TMRS Act.
e) Any employee of this City who is a member of
the System is eligible to retire and receive
a "standard occupational disability annuity"
under Section 854.408 of the TMRS Act or an
"optional occupational disability retirement
annui ty" under Section 854.410 of the TMRS Act
upon making application therefor upon such form
and in such manner as may be prescribed by the
Board of Trustees of the System, provided that
the System I s medical board has certified to said
Board of Trustees: 1) tha t the member is
physically or mentally disabled for further
performance of the duties of the member's
employment; 2) that the disability is likely
to be permanent; and 3) that the member should
be retired. Any annuity granted under this
subsection shall be subject to the provisions
of Section 854.409 of the TMRS Act.
f) The provisions relating to the occupational
disability program as set forth in section e)
above are in lieu of the disability program
heretofore provided under Section 854.301 to
854.308 of the TMRS Act.
This ordinance shall become effective on the first
day of August , 1990, provided that it has
previously been determined by the Actuary for the
System that all obligations of the City to the
municipality accumulation fund, including obligations
hereby undertaken, can be funded by the City wi thin
its maximum contribution rate and within its
amortization period.
10
11
12
13
14
15
16
17
18
20
21
22
23
24
25
1
2
AND IT IS SO RESOLVED:
3
The f%!st reading ~ public
~{( day of ~uA(L/
The s~ond reading ~ public
/9~ I day of , .~
,
The, mird reading an~bl.ic
c~ f day of , 1.-~1
ATTEST:
4
5
6
7
8
~4o~t;)~
9
City Secretary
Approved as to Form and Legality:
rYJ~ ~
Ross T. oster, City Attorney
dMcW/
L/D/63
19
26
Ordinance 0-90-782
Page 3
hearing being conducted on
, 1990.
hearing being conducted on
, 1990.
hearing, being conducted on
, 1990.
CITY OF COLLEYVILLE
the
the
the