1984-1730940L
NO Y71-
AN ORDINANCE PROVIDING FOR INCREASED MUNICIPAL CONTRIBUTIONS TO
THE CURRENT SERVICE ANNUITY RESERVE AT RETIREMENT OF THE
EMPLOYEES OF THE CITY OF DENTON, TEXAS, 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 EMPLOYEES, AND DEATH
BENEFITS FOR ANNUITANTS WHOSE LAST EMPLOYMENT BEFORE RETIREMENT
WAS WITH THE CITY OF DENTON, TEXAS, AND PROVIDING FOR AN
EFFECTIVE DATE
THE COUNCIL OF THE CITY OF DENTON, TEXAS, HEREBY ORDAINS
WHEREAS, the City of Denton is a municipality participating on
a full-salary basis in the several programs presently operated by
the Texas Municipal Retirement System, and,
WHEREAS, the City Council is of the opinion that it is in 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,
SECTION I
That effective January 1, 1985, the City of Denton 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 whose 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 II
That effective January 1, 1985, for each month of current
service thereafter rendered by each of its employees who are
members of the Texas Municipal Retirement System, the City will
contribute to the current service annuity reserve of each such
member at the time of his or her retirement, a sum that is 200% of
such member's accumulated deposits for such month of employment,
and said sum shall be contributed from the City's account in the
municipality accumulation fund
SECTION III
That the City of Denton 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 the Supplemental Death
Benefits Fund
SECTION IV
That this ordinance shall become effective on the 1st day of
January, 1985 7)L
PASSED AND APPROVED this the day of~ 1984
4CITYOF41DENTN, TEXAS
ATTEST
C , CITY SEGKrPARY-
CITY OF DENTON, TEXAS
APPROVED AS TO LEGAL FORM
JO D I TIN CITY A1T N Y
CITY OF DENTON, TEXAS