HomeMy WebLinkAboutOrdinance - 2003-O0049 - Affecting Participation Of City Employees; Texas Municipal Retirement - 05/22/2003First: Reading
May 22,. 2003
It:em No. 35
ORDINANCE NO. 2003-00049
Second Reading
June 12,. 2003
Item No. 20
AN ORDINANCE AFFECTING PARTICIPATION OF CITY EMPLOYEES IN THE
TEXAS MUNICIPAL RETIREMENT SYSTEM GRANTING THE ADDITIONAL RIGHTS
AUTHORIZED BY SECTION 854.202(g) OF TITLE 8, TEXAS GOVERNMENT CODE,
AS AMENDED, AND PRESCRIBING THE EFFECTIVE DATE FOR THE ORDINANCE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
SECTION 1. THAT 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 of Lubbock, Texas, adopts the following provisions affecting
participation of its employees in the Texas Municipal Retirement System (herein referred to as
the "System"):
(a) 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.
(b) Prior to adopting this ordinance, the governing body of the City has: (1)
prepared an actuarial analysis of member retirement annuities at 20 years of
service; and (2) held a public hearing pursuant to the notice provisions of the
Texas Open Meetings Act, Chapter 551, Texas Government Code.
(c) The rights 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 TMRS Act.
SECTION 2. THAT this ordinance shall become effective on the first day of July,
2003.
AND IT IS SO ORDERED.
20 Year Ord. TMRS Page 1 of2
Passed and approved by the City Council on first reading this 22nd day of May ,2003.
Passed and approved by the City Council on second reading this 12th day of June , 2003.
~.........,......,...,..· c G, L, MAYOR
ATTEST:
~ <lg ,U a. J:~>.E>s ,F ~ ca Garza, City Secretary
APPROVED AS TO CONTENT:
APPROVED AS TO FORM:
a,«/::,~ 4 ~~
Donald G. Vandiver, First Assistant City Attorney
Ddord/Lubbock 20 Yr Ord
April 28, 2003
20 Year Ord. TMRS Page 2 of2