G-98-12-10-12A2 - 12/10/1998ORDINANCE NO. g ' I d 14Q. 10- /Q A a
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 COUNCIL OF THE CITY OF ROUND ROCK,
TEXAS:
I.
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 Round
Rock, Texas, adopts the following provisions affecting
participation of its employees in the Texas Municipal Retirement
System ("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.
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II.
A. All ordinances, parts of ordinances, or resolutions in
conflict herewith are expressly repealed.
B. The invalidity of any section or provision of this
ordinance shall not invalidate other sections or provisions
thereof.
C. The City Council hereby finds and declares that written
notice of the date, hour, place and subject of the meeting at which
this Ordinance was adopted was posted and that such meeting was
open to the public as required by law at all times during which
this Ordinance and the subject matter hereof were discussed,
considered and formally acted upon, all as required by the Open
Meetings Act, Chapter 551, Texas Government Code, as amended, and
the Act.
Alternative 1.
By motion duly made, seconded and passed with an affirmative
vote of all the Council members present, the requirement for
reading this ordinance on two separate days was dispensed with.
READ, PASSED, and ADOPTED on first reading this )06h - day
of , 1998.
Alternative 2.
READ and APPROVED on first reading this the day
of , 1998.
READ, APPROVED and ADOPTED on second reading this
the day of , 1998.
2.
ATTEST:
1 NE LAND, City Secretary
3.
CHARLES CULPER, Mayor
City of Round Rock, Texas
DATE: December 7, 1998
SUBJECT: City Council Meeting — December 10, 1998
ITEM: 12.A.2. Consider 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. (First Reading) House Bill 2168, recently adopted by the
Legislature, provides that cities can adopt retirement eligibility at any
age with 20 years of service credit. The Bill requires that the City
adopt this provision by ordinance. Staff Resource Person: Teresa
Bledsoe, Human Resources Director.