O-89-2447 - 12/28/1989ORDINANCE NO. e ilT 1
AN ORDINANCE AFFECTING PARTICIPATION OF CITY EMPLOYEES IN
THE TEXAS MUNICIPAL RETIREMENT SYSTEM; GRANTING THE
ADDITIONAL RIGHTS, CREDITS AND BENEFITS AUTHORIZED BY
SECTIONS 64.202(f), 64.204, 64.405, 64.406 AND 64.410 OF
TITLE 110B, 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 ROUND ROCK, TEXAS:
Section 1. Pursuant to the provisions of Sections 64.202(f),
64.204, 64.405, 64.406, and 64.410 of Subtitle G of Title 110B,
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 Round
Rock, 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) Any employee of this City who is a member of the System is
eligible to retire and receive a service retirement annuity, if the
member has at least 25 years of credited service in that System
performed for one or more municipalities that have participation
dates after September 1, 1987, or have adopted a like provision under
Section 64.202(f) of the TMRS Act.
(b) If a "vested member", as that term is defined in Section
64.204(b) of the TMRS Act, shall die before becoming eligible for
service retirement and leaves surviving a lawful spouse whom the
member has designated as beneficiary entitled to payment of the
member's accumulated contributions in event of the member's death
before retirement, the surviving spouse may by written notice filed
with the System elect to leave the accumulated deposits on deposit
with the System subject to the terms and conditions of said Section
64.204(b). If the accumulated deposits have not been withdrawn
before such time as the member, if living, would have become entitled
to service retirement, the surviving spouse may elect to receive, in
lieu of the accumulated deposits, an annuity payable monthly
thereafter during the lifetime of the surviving spouse in such
amounts as would have been payable had the member lived and retired
at that date under a joint and survivor annuity (Option 1) payable
during the lifetime of the member and continuing thereafter during
the lifetime of the surviving spouse.
(c) At any time before payment of the first monthly benefit of
an annuity, a surviving spouse to whom subsection (b) applies may,
upon written application filed with the System, receive payment of
the accumulated contributions standing to the account of the member
in lieu of any benefits otherwise payable under this section. In the
event such a surviving spouse shall die before payment of the first
monthly benefit of an annuity allowed under this section, the
TCORD3
accumulated contributions credited to the account of the member shall
be paid to the estate of such spouse.
(d) The rights, credits and benefits 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.
(e) Any employee of this City who is a member of the System is
eligible to retire and receive a "standard occupational disability
annuity" under Section 64.408 of the TMRS Act or an "optional
occupational disability retirement annuity" under Section 64.410 of
the TMRS Act upon making application therefor upon such form and in
such manner as may be prescribed by the Board of Trustees of the
System, provided that the System's medical board has certified to
said Board of Trustees: (1) that the member is physically or mentally
disabled for further performance of the duties of the member's
employment; (2) that the disability is likely to be permanent; and
(3) that the member should be retired. Any annuity granted under
this subsection shall be subject to the provisions of Section 64.409
of the TMRS Act.
(f) The provisions relating to the occupational disability
program as set forth in section (e) above are in lieu of the
disability program heretofore provided for under Sections 64.301 to
64.308 of the TMRS Act.
Section 2. This ordinance shall become effective on the first
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.
READ d APPROVED on first reading this the
of " pQ
AD an APPROVED and ADOPTED on second reading this the AO day
of , 1989.
/ Li du day
ATTEST:
44,1_2170.jD it
NE LAN y Secretary
MIKE ROBINSON, MAYOR
City of Round Rock, Texas
2.
DATE: December 22, 1989
SUBJECT: City Council Meeting, December 28, 1989
ITEM: 9H. Consider an ordinance granting additional TMRS rights, credits,
and benefits to City employees. (Second Reading)
STAFF RESOURCE PERSON: Linda Gunther
STAFF RECOMMENDATION:
Staff is recommending the consideration of granting
the adoption of the following provisions of Senate Bill
505, which includes:
1. Retirement at any age with 25 years of
creditable service,
2. Survivor benefits for the spouse of de-
ceased employee who are vested at the
time of death,
3. Occupational disability retirement plan
allowing certain benefits for employees
who become disabled to perform their
particular job or occupation,