The city council hereby exercises its option and elects to have
the city and all of the employees of all departments now existing
or hereafter established participate in the Texas Municipal Retirement
System as provided in Vernon’s Ann. Civ. St. title 110B, and
all of the benefits and obligations of such system are hereby accepted
as to such employees.
(1987 Code, sec. 2-101)
The city manager is hereby directed to notify the board of trustees of the Texas Municipal Retirement System that the city has elected to participate and have the employees of the departments mentioned in section
9.02.001 participate in such system.
(1987 Code, sec. 2-102)
Each person who becomes an employee of any participating department
on or after the effective date of participation of such department
shall become a member of the Texas Municipal Retirement System as
a condition of his employment. The city may in the future refuse to
add new departments or new employees to such system, but shall never
discontinue as to any participants.
(1987 Code, sec. 2-103)
In accordance with the provisions of state law, the deposits
to be made to the Texas Municipal Retirement System on account of
current service of the employees of the several participating departments
are hereby fixed at the rate of seven (7) percent of the earnings
of each employee of such departments, and in determining the deposits
to be made on account of such service, the maximum earnings of this
city is full salary.
(1987 Code, sec. 2-104)
The city secretary is hereby directed to remit to the board
of trustees of the Texas Municipal Retirement System, at its office
in Austin, Texas, the city’s contributions to the system and
the amounts which shall be deducted from the compensation or payroll
of employees, all as required by such board under the provisions of
Vernon’s Ann. Civ. St. title 110B, as amended. The city secretary
is hereby authorized and directed to ascertain and certify officially
on behalf of the city the prior service rendered to the municipality
by each of the employees of the participating departments, and the
average prior service compensation received by each, and the city
secretary shall make and execute all prior service certifications
and all other reports and certifications which may be required of
the city under the provisions of Vernon’s Ann. Civ. St. title
110B, as amended, or in compliance with the rules and regulations
of the board of trustees of the Texas Municipal Retirement System.
(1987 Code, sec. 2-105)
Participation of the employees mentioned in this division in
the Texas Municipal Retirement System shall be effective January 1,
1976.
(1987 Code, sec. 2-106)
(a) Authorization of updated service credits.
(1) On the terms and conditions set out in sections 853.401 through 853.403 of subtitle G of title 8, V.T.C.A., 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 has at least thirty-six (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 said title) in an amount that is one hundred (100) percent of the base updated service credit of the member (calculated as provided in subsection
(c) of section 853.402 of said title). The updated service credit hereby allowed 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.
(2) On the terms and conditions set out in section 853.601 of said title,
any member of the system who is eligible for updated service credits
on the basis of service with this city, and 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 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.
(3) In accordance with the provisions of subsection (d) of section 853.401
of said title, 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 date aforesaid on the full
amount of such person’s earnings as an employee of the city.
(b) Increase in retirement annuities.
(1) On the terms and conditions set out in section 854.203 of subtitle
G of title 8, V.T.C.A., Government Code, as amended, 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 this city under current
service annuities and prior service annuities arising from service
by such employees to this city. An annuity increased under this section
replaces any annuity or increased annuity previously granted to the
same person.
(2) The amount of annuity increase under this subsection is computed
as the sum of the prior and current service annuities on the effective
date of retirement of the person on whose service the annuities are
based, multiplied by forty (40) percent 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 thirteen (13) months before the
effective date of this section.
(3) 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.
(4) 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
hereby.
(5) The amount by which an increase under this subsection 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.
(c) Effective date.
Subject to approval by the board of
trustees of Texas Municipal Retirement System, the updated service
credits and increases in retirement annuities granted hereby shall
be and become effective on the 1st day of January, 1994.
(1987 Code, secs. 2-109, 2-110)
Pursuant to section 855.407(f) of the TMRS Act, the city hereby
elects to make normal and prior service contributions to its account
in the municipality accumulation fund of the system at such combined
maximum rate, not exceeding twelve and nine one-hundredths (12.09)
percent of the total compensation paid by the city to employees who
are members of the system, as the system’s actuary shall annually
determine as the rate necessary to fund, within a period of twenty-five
(25) years from the latest actuarial valuation date, the costs of
all benefits heretofore undertaken to be provided by the city and
which are chargeable to or are to be paid out of the city’s
account in said accumulation fund.
(1987 Code, sec. 2-113)
(a) Authorization of updated service credits.
(1) On the terms and conditions set out in sections 853.401 through 853.403 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 has 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 said title) in an amount that is 100% of the base updated service credit of the member (calculated as provided in subsection
(c) of section 853.402 of said title). The updated service credit hereby allowed 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.
(2) On the terms and conditions set out in section 853.601 of said title,
any member of the system who is eligible for updated service credits
on the basis of service with this city, and 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 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.
(3) In accordance with the provisions of subsection (d) of section 853.401
of said title, 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 date aforesaid on the full
amount of such person’s earnings as an employee of the city.
(b) Increase in retirement annuities.
(1) On the terms and conditions set out in section 854.203 of subtitle
G of title 8, Government Code, as amended, 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 this city under current
service annuities and prior service annuities arising from service
by such employees to this city. An annuity increased under this subsection
replaces any annuity or increased annuity previously granted to the
same person.
(2) The amount of annuity increase under this subsection is computed
as the sum of the prior 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.
(3) 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.
(4) 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
hereby.
(5) The amount by which an increase under this subsection exceeds all
previously granted increases to an annuitant is an obligation of this
city and of its account in the municipality accumulation fund of the
system.
(c) Effective date.
Subject to approval by the board of
trustees of the Texas Municipal Retirement System, the updated service
credits and increases in retirement annuities granted hereby shall
be and become effective on the 1st day of January, 2005.
(Ordinance 04-10, secs. 1, 2, adopted 11/22/04)
(a) Authorization of updated service credits.
(1) 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 has 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).
(2) On the terms and conditions set out in section 853.601 of said title,
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 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 section.
(3) 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).
(4) 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.
(5) 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 this section on the full amount of such person’s compensation as an employee of the city.
(b) Increase in retirement annuities.
(1) On the 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
this city under current service annuities and prior service annuities
arising from service by such employees to this city. An annuity increased
under this subsection replaces any annuity or increased annuity previously
granted to the same person.
(2) The amount of annuity increase under this subsection is computed
as the sum of the prior and current service annuities on the effective
date of retirement of the person on whose service the annuities are
based, multiplied by 50% 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.
(3) 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.
(4) 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
hereby.
(5) The amount by which an increase under this subsection exceeds all
previously granted increases to an annuitant is an obligation of this
city and of its account in the municipality accumulation fund of the
system.
(c) Dates of allowances and increases.
The initial allowance of updated service credit and increase in retirement annuities hereunder shall be effective on January 1, 2006, 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 this section 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.
(d) Effective date.
Subject to approval by the board of
trustees of the system, this section shall be and become effective
on the 1st day of January 2006.
(Ordinance 05-16 adopted 11/28/05)
(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.
(2) Prior to adopting this section, the governing body of the city has:
(A) Prepared an actuarial analysis of member retirement annuities at
20 years of service; and
(B) Held a public hearing pursuant to the notice provisions of the Texas
Open Meetings Act, chapter 551, Texas Government Code.
(3) 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.
(b) This
section shall become effective on the first day of January 2006.
(Ordinance 05-17 adopted 11/28/05)
(a) Increase in retirement annuities.
(1) On the terms and conditions set out in sections 854.203 and 853.404
of subtitle G of title 8, Government Code, as amended (hereinafter
referred to as 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.
(2) 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 50% 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 the increase
under this section.
(3) 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.
(4) 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.
(5) 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 benefit accumulation fund of the system.
(b) Dates of increases.
The initial increase in retirement
annuities hereunder shall be effective on January 1, 2014, subject
to approval by the board of trustees of the system. An increase in
retirement annuities shall be made hereunder on January 1st of each
subsequent year until this section 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, and
provided further that, as to such subsequent year, the city has an
ordinance in effect that provides for a simultaneous increase in updated
service credits as that term is used in the TMRS Act.
(c) Effective date.
Subject to approval by the board of
trustees of the system, this section shall be and become effective
on the 1st day of January 2014.
(Ordinance 13-08 adopted 11/25/13)