HomeMy WebLinkAboutOrdinance - 9311-1989 - Updated Service Credits Texas Municipal Retirement System - 09/14/1989Jl ! Second Reading
September 28, 1989
Item #8
HW:da
First Reading
September 14, 1989
Item #25
ORDINANCE NO. 9311
TEXAS MUNICIPAL RETIREMENT SYSTEM
AN ORDINANCE AUTHORIZING AND ALLOWING, UNDER THE ACT GOVERNING THE
TEXAS MUNICIPAL RETIREMENT SYSTEM, "UPDATED SERVICE CREDITS" IN SAID
SYSTEM FOR SERVICE PERFORMED BY QUALIFYING MEMBERS OF SUCH SYSTEM WHO
PRESENTLY ARE IN THE EMPLOYMENT OF THE CITY OF LUBBOCK; ESTABLISHING AN
EFFECTIVE DATE FOR SUCH ACTION; GRANTING ADDITIONAL RIGHTS, CREDITS AND
BENEFITS AUTHORIZED BY SECTIONS 62.105 AND 64.202 OF TITLE llOB, REVISED
CIVIL STATUTES OF TEXAS, 1925, AS AMENDED BY THE 70TH LEGISLATURE; AND
PRESCRIBING THE EFFECTIVE DATE OF THIS ORDINANCE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK, TEXAS:
SECTION 1. Authorization of Updated Service Credits.
(a) On the terms and conditions set out in Sections 63.401 through
63.403 of Title llOB, Revised Civil Statutes of Texas, 1925, as amended,
each member of the Texas Municipal Retirement System who has current
service credit or prior service credit in said System in force and effect
on the 1st day of January, 1989, by reason of service in the employment of
the City of Lubbock, and on such date has at least 36 months of credited
service with said System, shall be and is hereby allowed "Updated Service
Credit11 (as that term is defined in Section 63.402{d) of Title llOB) in an
amount that is 100% of the 11 base Updated Service Credit" of the member
(calculated as provided in Section 63.402(c) of Title 110B). 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.
(b) On the terms and conditions set out in Section 63.601 of Title
llOB, any member of the Texas Municipal Retirement System who is eligible
for Updated Service Credits on the basis of service with the City of
Lubbock, 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 January 1,
1989, shall be credited with Updated Service Credits pursuant to,
calculated in accordance with, and subject to adjustment as set forth in said Section 63.601.
(c) In accordanc~ with the provisions of Section 63.401(d) of
Title 110B, the·deposits required to be made to the Texas Municipal
Retirement 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.
SECTION 2. Effective Date of Updated Service Credits. Subject to
approval by the Board of Trustees of the Texas Municipal Retirement
System, the updated service credits granted hereby shall be and become
effective on the 1st day of January, 1990.
SECTION 3. Adoption of Additional Provisions Affecting Employee
Participation. Pursuant to the provisions of Section 62.105 and 64.202 of
Subtitle G of Title 1108, Revised Civil Statutes of Texas, 1925, as
amended by the 70th legislature of the State of Texas, Regular Session,
which Subtitle shall herein be referred to as the "TMRS Act," the City of
lubbock, Texas, adopts the following provisions affecting participation of
its employees in the Texas Municipal Retirement System (which retirement
system shall herein be referred to as the ''System"):
(a) An employee of the City who is a member of the System may
terminate employment and remain eligible to retire and receive a service
retirement annuity at any time after that member attains an applicable age
and service requirement, if that member has at least ten (10) years of
credited service performed for one or more municipalities that have
authorized eligibility under Section 64.202(c) of the Act or are subject
to Section 64.102(e) of the TMRS Act.
(b) An employee of the City who is a member of the System may
retire and receive a service retirement annuity if that member meets the
requirements of age and creditable service specified by Section 64.202(b)
or is subject to Section 62.102(e) of the TMRS Act.
(c) Any employee of this City who is a member of the System and
who performed service for this City prior to September 1, 1987, (for which
service that employee did not receive credit with the System because the
employee was not at that time a member of the System due to his or her age
at the date of his or her employment) is hereby granted service credit
with the System for all of such service (performed after the date of his
or her latest employment by the City) that is prior to September 1, 1987,
for which the employee has not previously received credit with the System,
pursuant to Section 62.105 of the TMRS Act.
(d) The rights, credits and benefits hereinabove authorized shall
be in addition to the plan provisions heretofore adopted and in force on
the effective date of this ordinance pursuant to the TMRS Act.
SECTION 4. Effective Date of Ordinance. This ordinance shall
become effective on the 1st day of January, 1990, provided that it has
previously been determined by the Actuary for the System that all
obligations of the City to the municipality accumulation fund, including
obligations hereby undertaken, can be funded by the City within its
maximum contribution rate and within its amortization period.
- 2 -
AND IT IS SO ORDERED.
Passed by the City Council on first reading this 14th day of
September , 1989.
Passed by the city Council on second reading this 28th day of
September , 1989.
/8. C. McM1; MAYOR
City
rvices
H'ar01CJ\IIi T d, AssiStarlity
t Attorney
- 3 -
I I
1 I
! ' I ('----~·
:f
R-242
THE STATE OF TEXAS
COUNTY OF LUBBOCK
Before me Frances, Herna_nde~ a :ijote~vuh'i:blW~J\j~Y>r Lubbock County. Tex~s on this day
personally appeared T • J • Auf 11 1 ' "c of the Southwestern Newspa-
pers Corporation. publishers of the Lubbock Avalanche-Journal -Morning. Evening and Sunday. who
being by me duly sworn did depose and say that said newspaper has been nublished continuously for more
than fifty-two weeks prior to the first insertion of this Le!!al Not1ce
---------:-....,...--:---..---.--.:-:No. 506614 at Lubbock County. Texas and the attached print-
ed copy of the Lefi!a I Notice is a true copy of the ori~inai.Jind W.JIS..P i ed in the Lub o k
Avalanrhe-.Journalonthefullowlne.dates: SePt. 30 Oct. 7• 195':1, z31 wo ra" ca • ~z--'$2l.;,!. 52
Acc~er
LUBBOCK AVALANCHE-JOURNAL
Southwestern Newspapers Corporation
Subscribed and sworn to before me this _!2:_. day of
FORM58-10
NoWY Pu'oli~. QR~NAt.ICE NO:fm
My Commiss•o> AN ORDINANCE ABANDON-
ING AND CLOSING A PORTION OF 13TH STREET ADJACENT TO ~.:SI~~!£110$!!&s:I>SOS!SS:..,BLOCKS 72 AND 73, OVERTON t't ADDITION TO THE CITY OF
LUBBOCK, LUBBOCK COUNTY
October . 19~
TEXAS, AND MORE PARTICU:
LARL'I' DESCRIBED IN THE
BOOYOFTHIS ORDINANCE• Dl·
RECTING THE CITY ENGINEER
TO MARK THE OFFICIAL
OF THE CITY OF LUBBOCK
REFLECT SAIO ABANDONIN
AND CLOSING; PROVIDING A
SAVINGS-CLAUSE; AND PRO·
VIDING FOR PUBLICATION.
. ORDINANCE N0.9310 ·
Altl ORDINANCE ALTERING
PRIMA FACIE SPEED LIM-
CI!RTAIN PORTIONS OF
BROAOWAY, AS HEREIN· -~-------------------------------------"1 AFTER MORE PAaTICUI..ARLY ----i Dl!~l8.,_ 0 IN THE 80DY'OF THIS 0JtPtHANCe; DII!.ECTING . PI..AC:Ii!ME'ItT OF SIGNS WITH .
RESPECT THhE'ro; REPEAL· lNG CONFLICTING ORDI· NANCE$ TO THE EXTENT OF
SUCH CONFLICT; APPI,.ICATION
OF. THIS ORDINANCE ONLY TO
STREETS OR HIGHWAY$ •
NAMED HEREIN; PROVIDING.
THIS ORDINANCE SHALL 8E
CUMULATIVE; PROVIDING A
PENALTY; PROVIDING A SAV· i
INGSCLAUSE;ANDPROVIOlNG' FOR PUBLICATION. . _ :
· . ORDINANCE NO. 9311
TEAASMUNIC!'IPAt. r RemRtiMe:NT sYST&;M· , ' I AN ORDINANCE AUTHORIZ· : lNG AND ALLOWING, UNDER THE ACT GOVERNING THE EXAS MUNICIPAL RETIRE·
T SYSTEM, "UPDATED E CREDITS" IN FOR SERVICE ED BY QUAL.IFYI RS OF SUCH SYSTEM 0 PRESENTLY ARE IN THE
PLOYMENT OF THE CITY :. LUBBOCK; ESTABLISHING 1 AN EFFECTIVE D'ATE FOR t SUCH ACTION; GRANTING AD-"DITIONAL. RIGHTS, CREDITS AND BENEFITS AUTHORIZED BY SECTIONS 62..105 ANO 64.20% OF TITLE 1108, REVISED CIVIL
TATUTES OF TEX AS
ENDED llY TH . ·e(;,s ..
ATURE: AlllD IBING · Iii El,_F~TWE OATe-<lP THIS Rr:ill\lo\NCe. R·24