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HomeMy Public PortalAboutOrdinance No. 437-80 09-02-1980 ORDINANCE 437 AN ORDINANCE 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 ' RICHLAND HILLS, TEXAS. WHEREAS, the City of Richland Hills 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 opinion that it is to the best interests of the City that employees and annuitants whose last cover- ed 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, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF RICHLAND HILLS: Section 1. That the City of Richland Hills hereby elects to participate in the Supplemental Death Benefits Fund of the Texas Municipal Retirement System beginning on the first day of the calendar • month following written notification to the System of the adoption of this ordinance, for the purpose of providing in-service death bene~its in the amounts and on the terms provided for in Section XIX of the TMRS Act (Article 6243h, Vernon's Texas Civil Statutes, as amended) for each of the City's employees who are members of said System, and for the purpose of providing post-retirement death benefits as pro- vided in said Section XIX for annuitants whose last covered employ~ent was as an employee of this City, Section 2. The City of Richland Hills 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 said Fund. Section 3. Participation of the above mentioned employees and annuitants in the Supplemental Death Benefits Fund shall be effective on January 1, 1981. Passed and approved this the day of , 1980. ATTEST : APPROVED • , j~ • City Secretary ayor