0547ORDINANCE NO. 547
TEXAS MUNICIPAL RETIREMENT SYSTEM
AN ORDINANCE AUTHORIZING AND ALLOWING, UNDER THE ACT
GOVERNING THE TEXAS MUNICIPAL RETIREMENT SYSTEM,
"UPDATED SERVICE CREDITS" IN SAID SYSTEM ON AN ANNUAL
BASIS FOR SERVICE PERFORMED BY QUALIFYING MEMBERS OF
SUCH SYSTEM WHO AT THE EFFECTIVE DATE OF THE ALLOW-
ANCE ARE IN THE EMPLOYMENT OF THE CITY OF SOUTHLAKE;
PROVIDING FOR INCREASED PRIOR AND CURRENT SERVICE
ANNUITIES FOR RETIREES AND BENEFICIARIES OF DECEASED
RETIREES OF THE CITY; AND ESTABLISHING AN EFFECTIVE
DATE FOR THE ORDINANCE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SOUTHLAKE, TEXAS:
Section 1. Authorization of Updates Service Credits.
(a) ON the terms and conditions set out in Sections 853.401
through 853.404 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 of Southlake
(hereinafter called 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
contributing member on January 1, 1991, 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 ordinance.
(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.
Ordinance No. 547
Texas Municipal Retirement System
page two
(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 this ordinance on the full amount of such
person's compensation as an employee of the City.
Section 2. Increase in Retirement Annuities.
(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 70% 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.
Section 3. Dates of Allowances and Increases.
The initial allowance of Updated Service Credit and increase in
retirement annuities hereunder shall be effective on January 1,
9192, 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 ordinance 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.
Ordinance No. 547
Texas Municipal Retirement System
page three
Section 4. Effective Date. Subject to approval by the
Board of trustees of the System, this ordinance shall be and become
effective on the let day of January 1992.
PASSED AND APPROVED ON FIRST READING ON THIS 15th
OCTOBER, 1991.
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'"".,.,'~'~' ~CITY SECRETARY
DAY OF
PASSED AND APPROVED ON
NOVEMBER, 1991.
SECOND READING ON THIS 5th DAY OF
A..~/E S T:
CITY S~E~CRETARY
APPROVED AS TO FORM AND LEGALITY:
City Attorney ~// '~ '
Date: ~/,/~_~/~/4~£C} ~ /~/, ~ j
Fort Worth Star-Telegram ***INVOICE/AFFIDAVIT***INVOICE/AFFIDAVIT***
400 W.SEVENTH STREET•FORT WORTH,TEXAS 76102 AP.
- 7 STATE OF TEXAS
anty of Tarrant
Before me , a Notary Public in and for said County and State , this day
personally appeared KELLEY ALLARD Billing Specialist for the Fort Worth
Star-Telegram , published by the Star-Telegram Inc . at Fort Worth , in Tarrant
County , Texas ; and who , after being duly sworn, did depose and say that the
following clipping of an advertisement was published in the above named
paper on the following dates :
DATE DESCRIPTION AD SIZE TOTAL
, RATE AMOUNT
_.._ :..IN
NOV 0816782859 CL . 358 1X46 L 46 . 38 17 . 48
Nov 8
ORDINANCENO.547 ........,.._._.._.-....._�.. _.._._.- ,_,.,.........._...__.,___....w_.___._.,...
TEXAS MUNICIPAL
RETIREMENT SYSTEM
AN ORDINANCE AU-
THORIZING AND AL-
LOWINGUNDER THE .................,__..,,.,_,_.___.....,___.._..____......_..._.__-_-'_____.__.�_.....__.
ACT GOVERNING THE
TEXAS MUNICIPAL
RETIREMENT SYS-
TEM "UPDATEDSER- .....»...__..._._.....___.....__________.._...-.___....,............_..,..._......„___.............._.___.....,.__.__...__...__...,..,._,.._.__..._....____.______....,.________..................
VICE CREDITS" IN -'-
SAID SYSTEM ON AN
ANNUAL BASIS FOR
SERVICE PER-
OGE DM EBMYBE USA LOFI- # .. . -.
SUCH SYSTEM WHOAT r
..,..
THE EFFECTIVE
DATE OF THE ALLOW-
ANCE ARE INTHEEM- 1 ..,_.,..___...__._ __-
PLOYMENTOFTHECI- pr
TY OF SOUTHLAKE; SIGNED
PROVIDING FOR IN-
REASED PRIOR AND
NNUITIJE9 FORVRE ND SWORN TO BEFORE ME , THIS THE" �` 12THDAY "OF___.__" " � _].9�1...
IREES AND BENEFI-
IARIES OF DE- NOTARY PUELI
CEASED RETIREES
OF THE CITY;AND ES- _..._._TABLISHING AN EF-
TMEORDINANCEFORTARRANT COL , to,,N, "'
AS
PASSED AND APPROVED
INSECONDREADINGTHIS
THE 5th DAY OF NOVEM- �....�1i
BER,1991. =itY.H(ih ENCER
Gary Fickes, .______.....__.____ .•_ _,.QF��I. a..�._JL ......_......
Ma or of Southlake
A,• "
EST:
`-/ '-a L LeGyrand s?. 'COMMISSION EXPIRES// retarto form: __________ ..____,________�_ - loan 28. 1995
s
k' AR A N THIS PERFORATION AND RETURN THE LOWER PORTION WITH YOUR PAYMENT ----►
REMIT TO : 400 W . SEVENTH, FW , TX 76102
brt
Worth Star-Telegram FMIT
6782859 ACCOUNT CIT57 AMOUNT 17 . 48
s" y NUMBER DUE
r,r
PAGE kW
1
CITY OF SOUTHLAKE ORIGINAL
667 N CARROLL AVE PLEASE PAY bib 17. 48
SOUTHLAKE TX 76092-8898 THIS AMOUNT
ATTN : SANDY
PLEASE WRITE IN AMOUNT ENCLOSED
Fort Worth Star-Telegram ***INVOICE/AFFIDAVIT***INVOIC L ' i r%.1. F4
,r
400 W.SEVENTH STREET•FORT WORTH,TEXAS 76102 V r t✓
OCT 21199T
THE STATE OF TEXAS
Jnty of Tarrant OFFICE OF
Clrl SECRET RI
Before me , a Notary Public in and for said County and State , this day
personally appeared KELLEY ALLARD Billing Specialist for the Fort Worth
Star-Telegram , published by the Star-Telegram Inc . at Fort Worth , in Tarrant
County, Texas ; and who, after being duly sworn, did depose and say that the
following clipping of an advertisement was published in the above named
paper on the following dates :
DATE DESCRiPT. ,a Al)SIZE RATE AMOUNT
TOTAL
INCH/UME
OrT l.A L77a7P0 CL . 358 1X51 L 51 . 38 19 . 38
NOTICE OF
PUBLIC HEARING 0 c t 18
NOTICE I s he rebv gI ven to a l l __,,.__-,..__.,__�_„-,.,,,,-_.,.________.__. ._.___..._...._...__...._
Interested persons that theCi- „-..._._...__.__._........,_...._.__.__._..._.__._.._..r.__.__._.__._.____............._....
tv Council of the City of South-
lake Texas,will be holdinga
puebb((lc hearing during the
tRRobelahelc1tonncilmeeetin5,g , ......_.................... ..__........._..._........._............___....._._,..... ..._.__._._.........__—_.___.......___.........._..._____....
1991,at 700 p.m.,Southlake
City Hall 667 North Carroll
Avenue,$outhlake,Texas.
Purpose of the hearing is to �_�_ ���-W-�
consider the second readingof
the following ordinance:
ORDINANCE NO.547 _...._._..._......_......-....._..._.._ _.....__-..--._...._._..
TEXAS MUNICIPAL
RETIREMENT SYSTEM
AN ORDINANCE AU-
THORIZING AND AL-
LOWING
ACT GO(/ERNING THE
TEXAS MUNICIPAL RE-
TIREMENT SYSTEM SIGNED
UPDATED SERVICE
-1171T5INSAIDSYSVD SWORN TO BEFORE ME THIS THE DA OF .....
EMOR SERVICE UALBA- 1HTH OC 991
S FOR SERVICE PER-
)RMED BY NOTARY UBLIC
JRS OF SUCH SYST M ��L.-.
WHO AT THE EFFEC-
TIVE DATE OF THE AL-
LOWANCEARE INTNE TARRANT COLNTY, TEXAS
EMPLOYMENT OF THE
CITY OF SOUTHLAKE;
PROVIDING FOR IN-
CREASED ES RE- ~�4$Q�� ��Y���v
TUIT ES FORNEFIE- r -zloty CURRENTSERVICE AN-
CI-
er 'fit":,,, KATHRYN J. SPERM
RETIREES OF
gr;.N'�',i COMMISSION EXPIRE? #
ARIES OF DECEASED
AN EFFECTIVE DATE •�y°" ,!� .y_
a / �+�= JANUA Y I 5
1358 Legal Notices ill • Ie;f 6 i.
fir.,•
FOR THE ORDINANCE. tl
Seta L,LeeGrande TEAR AL G THIS PERFORATION AND RETURN THE LOWER PORTION WITH YOUR PAYMENT --,A
City Sanatory
REMIT TO : 400 W . SEVENTH , FW, TX 76102
FortWorthtar-Te1egram Fic1JIT TO.
6 7 72 720 -,;; , ACCOUNT C I T 5 7 AMOUNT 19 . 38
/9 1 NUMBER DUE
fir 4) 1
PAGE F
CITY OF SOUTHLAKE ORIGINAL
667 N CARROLL PLEASE PAY ihi, 19. 38
SOUTHLAKE TX 76092 0 THIS AMOUNT PI
ATTN : SANDY LEGRANDE
PLEASE WRITE IN AMOUNT ENCLOSED