(a)
The
city and all employees of all departments participate in the Texas
Municipal Retirement System (TMRS) in compliance with the Texas Municipal
Retirement System Act, as amended and applicable city ordinances adopted,
which remain in full force and effect.
(b)
Each
person who becomes an employee of the city becomes a member of the
Texas Municipal Retirement System as a condition of employment.
(Ordinance 1830-09 adopted 9/15/09)
(a)
On the terms and conditions set out in Sections 853.401 through 853.404 of Subtitle G of Title 8, Government Code, as amended (hereinafter referred to as the “TMRS Act”), each member of the Texas Municipal Retirement System (hereinafter referred to as the “system”) who has current service credit or prior service credit in the system in force and effect on the 1st day of January of the calendar year preceding such allowance, by reason of service in the employment of the city, and on such date had at least 36 months of credited service with the system, shall be and is hereby allowed “updated service credit” (as that term is defined in subsection (d) of Section 853.402 of the TMRS Act).
(b)
On the
terms and conditions set out in Section 853.601 of the TMRS Act, any
member of the system who is eligible for updated service credits on
the basis of service with this city, who has unforfeited credit for
prior service and/or current service with another participating municipality
or municipalities by reason of previous service, and was a contributing
member on the 1st day of January of the calendar year preceding such
allowance, shall be credited with updated service credits pursuant
to, calculated in accordance with, and subject to adjustment as set
forth in said Section 853.601, both as to the initial grant hereunder
and all future grants under this article.
(c)
The updated service credit hereby allowed and provided for shall be 100% of the “base updated service credit” of the member (calculated as provided in subsection (c) of Section 853.402 of the TMRS Act).
(d)
Each
updated service credit allowed hereunder 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.
(e)
In accordance with the provisions of subsection (d) of Section 853.401 of the TMRS Act, the deposits required to be made to the system by employees of the several participating departments on account of current service shall be calculated from and after the effective date of the ordinance from which this section derives on the full amount of such person’s compensation as an employee of the city.
(Ordinance 1983-14 adopted 8/5/14)
(a)
On terms
and conditions set out in Section 854.203 of the TMRS Act, the city
hereby elects to allow and to provide for payment of the increases
below stated in monthly benefits payable by the system to retired
employees and to beneficiaries of deceased employees of the city under
current service annuities and prior service annuities arising from
service by such employees to the city. An annuity increased under
this section replaces any annuity or increased annuity previously
granted to the same person.
(b)
The
amount of the annuity increase under this section is computed as the
sum of the prior service and current service annuities on the effective
date of retirement of the person on whose service the annuities are
based, multiplied by 30% of the percentage change in Consumer Price
Index for All Urban Consumers, from December of the year immediately
preceding the effective date of the person’s retirement to the
December that is 13 months before the effective date of this section.
(c)
An increase
in an annuity that was reduced because of an option selection is reducible
in the same proportion and in the same manner that the original annuity
was reduced.
(d)
If a
computation hereunder does not result in an increase in the amount
of an annuity, the amount of the annuity will not be changed hereunder.
(e)
The
amount by which an increase under this section exceeds all previously
granted increases to an annuitant is an obligation of the city and
of its account in the municipality accumulation fund of the system.
(Ordinance 1983-14 adopted 8/5/14)
(a)
The
initial allowance of updated service credit and increase in retirement
annuities hereunder shall be effective on January 1, 2015, subject
to approval by the board of trustees of the system. An allowance of
updated service credits and an increase in retirement annuities shall
be made hereunder on January 1 of each subsequent year until the ordinance
from which this section derives ceases to be in effect under subsection
(e) of Section 853.404 of the TMRS Act, provided that, as to such
subsequent year, the actuary for the system has made the determination
set forth in subsection (d) of Section 853.404 of the TMRS Act.
(b)
Effective
January 1, 2015, for each month of current service thereafter rendered
by each of its employees who are members of the Texas Municipal Retirement
System, the city elects to provide for 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.
(Ordinance 1983-14 adopted 8/5/14)
(a)
Pursuant
to the provisions of Section 854.202(g) of Subtitle G of Title 8,
Texas Government Code, as amended, which subtitle shall herein be
referred to as the “TMRS Act,” the city adopts the following
provisions affecting participation of its employees in the Texas Municipal
Retirement System (herein referred to as the “system”):
(1)
Any
employee of the city who is a member of the system is eligible to
retire and receive a service retirement annuity if the member has
at least 20 years of credited service in the system performed for
one or more municipalities that have adopted a like provision under
Section 854.202(g) of the TMRS Act.
(b)
The
rights hereinabove authorized shall be in addition to the plan provisions
heretofore adopted and in force at the effective date of this section
pursuant to the TMRS Act.
(Ordinance 1983-14 adopted 8/5/14)
