HomeMy WebLinkAbout1982-0781 ,E j
AN ORDINANCE AFFECTING PARTICIPATION OF CITY EMPLOYEES IN THE
TEXAS MUNICIPAL RETIREMENT SYSTEM, GRANTING THE ADDITIONAL
RIGHTS, CREDITS AND BENEFITS AUTHORIZED BY SECTIONS 62 ln5 AND
64 202 OF TITLE 110B, REVISED CIVIL STATUTES OF TEXAS, 1925, AS
AMENDED, PROVIDING THAT SUCH RIGHTS SHALL BE SUPPLEMPNTARY TO
THOSE HERETOFORE ALLOWED AND THAT ARE IN FORCE ON THE EFFECTIVE
DATE OF THIS ORDINANCE, AND PRESCRIBING THE EFFECTIVE DATE OF
THIS ORDINANCE
THE COUNCIL OF THE CITY OF DENTON, TEXAS HEREBY ORDAINS
SECTION I
Pursuant to the provisions of Sections 62 10S and 64 702 of
Subtitle G of Title 110B, Revised Civil Statutes of Texas, 102S,
as amended, which Subtitle shall herein be referred to as the
"TMRS Act", the City of Denton, Texas, adopts the following
provisions affecting participation of its employees in the Texas
Municipal Retirement System
(a) Each person who becomes an employee of any participating
department of this City and who is not already a member of the
Texas Municipal Retirement System shall become a member of the
System as a condition of employment, provided such person is
then under sixty (60) years of age,
(b) Any member, after one (1) year from the effective date
of his or her membership in the System, shall be eligible for
service retirement if he or she has attained the age of fifty
(50) years and has completed twenty-five (25) years of
creditable service with one or more municipalities that have
authorized eligibility under Section 64 202 of the TMRS Act or
under Section XX of former Article 6243h, Vernon's Texas Civil
Statutes, or if he or she has attained the age of sixty (60)
years and has completed at least ten (10) years of creditable
service with one or more municipalities that have authorized
eligibility under Section 64 702 of the TMRS Act or under
Section XX of said former Article 6243h,
(c) The membership of any person who has completed at least
ten (10) years of creditable service with participating
municipalities that have authorized eligibility under Section
64 207 of the TMRS Act (or under Section XX of said former
Article 6243h) shall not terminate because of absence from
service, and
(d) Any person who is an employee of a participating
department of this municipality at the effective date of this
ordinance, but who at the date of his or her employment was
under sixty (60) years of age but did not become a member of
Texas Municipal Retirement System because he or she was then
above the maximum age then prescribed by law for initial
membership in the System, shall become a member of the System at
the effective date of this ordinance, unless he or she has
already become a member under other provisions of the governing
Act, and shall be allowed prior service credit for each month of
creditable service performed for this municipality subsequent to
the date such person was precluded from membership and prior to
the effective date of his or her membership Such prior service
credit shall be calculated using the same percentage of base
prior service credit as was most recently used in calculating
prior service credits or updated service credits in said System
for current member employees of this City
SECTION II
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
SECTION III
This ordinance shall become effective on the first day of
October, 1982, 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
PAGE 2
hereby undertaken, can be funded by the City within its maximum
contribution rate and within its amortization period
PASSED AND APPROVED this the 28th day of September, 1987
K
ATTEST
CH RTnTTI ALLEN, CITY SECRETARY
CITY OF DENTON, TEXAS
APPROVED AS TO LEGAL FORM
C J TAYLOR, JR , CITY ATTORNEY
CITY OF DENTON, TEXAS
BY
PAGE i