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HomeMy WebLinkAboutOrdinances (O-79-336)-08/28/1979 ORDINANCE 0-79-336 VOLUME ~ PAGE /oS-- SUPPLEMENTAL DEATH BENEFITS fJ~ 7-/3-7f 1./ : 3lJ p. IN ' AN ORDINANCE 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 ANNUITANTS WHOSE LAST EMPLOYMENT BEFORE RETIRE- MENT WAS WITH THE CITY OF COLLEYVILLE, TEXAS. WHEREAS, the City of Colleyville is a municipality participating on full-salary basis in the several programs presently operated by the Texas Municipal Retirement System; and, WHEREAS, the City Council is of opinion that is is to the best interests 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 ORDAINED BY THE CITY COUNCIL OF THE CITY OF COLLEYVILLE, TEXAS: Section 1. THAT the City of Colleyville hereby elects to participate in the Supplemental Death Benefits Fund of the Texas Municipal Retirement System beginning on the first day of the calendar month following written notification to the System of the adoption of this ordinance, for the purpose of providing in-service death benefits in the amounts and on the terms provided for in Section XIX of the TMRS Act (Article 6243h, Vernon1s Texas Civil Statutes, as amended) for the purpose of providing post-retirement death benefits as provided in said Section XIX for annuitants whose last covered employment was as an employment of this City. Section 2. The City of Colleyville 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. PASSED, APPROVED, AN~DOPTED ~the City Council of Colleyville, Texas, this the ~i Iday of ~~~A~' 1979, by the following vote of S- to 0 . The first Reading and Publ ic Hearing being conducted on the 17th day of July , 1979. The second Reading and Pub Ii c Hea ring being conducted on the 7th day of Auqust , 1979. The third Reading and Public Hearing being conducted on the 28Ht. day of Auqust , 1979. APPROVED: ~Ma~ LaVada Johnson City Secretary ~A ~FO ter City Attorney TY: lyj