HomeMy Public PortalAboutOrdinance No. 429-79 11-05-1979 ~ ~ r~
AN ORDINANCE ADOPTING THE PLAN PROVISIONS AFFECTING
PARTICIPATION OF EMPLOYEES OF THIS CITY IN TEXAS
MUNICIPAL RETIREMENT SYSTEM AS AUTHORIZED BY
SECTION XX OF ARTICLE 6243h, VERNON'S TEXAS CIVIL
STATUTES, AND GRANTING THE ADDITIONAL RIGHTS, CREDITS
AND BENEFITS THEREIN AUTHORIZED; PROVIDING THAT SUCH
RIGHTS SHALL BE SUPPLEMENTARY TO THOSE HERETOFORE
ALLOWED AND THAT ARE IN FORCE AT THE EFFECTIVE DATE
OF THIS ORDINANCE; AND PRESCRIBING THE EFFECTIVE DATE
OF THIS ORDINANCE.
BE IT ORDAINED BY THE CITY COUNCIL OF RICHLAND HILLS TEXAS:
Section 1. Pursuant to Section XX of Article 6243h, Vernon's Texas Civil
Statutes, as amended, the City of RICHLAND HILLS ,adopts the following plan
provisions affecting participation of its employees in the Texas Municipal Retire-
ment 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 membership,
shall be eligible for service retirement who has attained the age of fifty (50) years
and has completed twenty-five (25) years of creditable service with this City or who
has attained the age of sixty (60) years and has completed at least ten (10) years of
creditable service with participating municipalities which have adopted the plan
provisions of this section, or who has become eligible for service retirement under
any other applicable provision of Article 62}E3h, Vernon's Texas Civil Statutes;
(c) The membership of any member who has completed at least ten (10) years
of creditable service with this City and other participating municipalities ~v}iich
have adopted the plan provisions of Section XX of Article 6243h, Vernon's Texas
Civil Statutes 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
employment was under sixty (60) years of age but did not become a member of Texas
Municipal Retirement System because he 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 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 membership. Such prior service credit shall be calculated using
the same percentage of the base prior service credit as was most recently used in
calculating Prior Service Credits or Updated Service Credits iri said System for
current member employees of this City.
Section 2. 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 Act governing said System.
Section 3. This ordinance shall become effective on the first day of the
calendar month following its enactment, provided it has previously been determined
by the Actuary for the System that the additional obligations herewith undertaken
can be funded within the period prescribed by the Act above cited, and will not
result in probable depletion of this City's account in the Prior Service Accumulation
Fund of the System.
Passed and approved this the ~ day of ~ LL/ , 19 ~ ~
APPROVED:
C
r--.,...~-~
or
ATTEST:
m ,
City Secret y or Clerk - '