O-84-2140 - 11/20/1984ORDINANCE 2140
TEXAS MUNICIPAL RETIREMENT SYSTEM
TMRS-C/A-F-L-N
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 ROUND ROCK; AND ESTABLISHING AN EFFECTIVE
DATE FOR SUCH ACTIONS; PROVIDING FOR
INCREASED MUNICIPAL CONTRIBUTIONS TO THE
CURRENT SERVICE ANNUITY RESERVE AT
RETIREMENT OF THE EMPLOYEES OF THE CITY OF
ROUND ROCK, TEXAS; AFFECTING PARTICIPATION OF
CITY EMPLOYEES IN THE TEXAS MUNICIPAL
RETIREMENT SYSTEM; GRANTING THE ADDITIONAL
RIGHTS, CREDITS AND BENEFITS AUTHORIZED BY
SECTIONS 62.105 AND 64.202 OF TITLE 110B, REVISED
CIVIL STATUTES OF TEXAS, 1925, AS AMENDED;
PROVIDING THAT SUCH RIGHTS SHALL BE
SUPPLEMENTARY TO THOSE HERETOFORE ALLOWED
AND THAT ARE IN FORCE ON THE EFFECTIVE DATE
OF THIS ORDINANCE; AND PRESCRIBING THE
EFFECTIVE DATE OF THIS ORDINANCE; AND
PROVIDING FOR PARTICIPATION OF THE CITY IN THE
SUPPLEMENTAL DEATH BENEFITS FUND OF THE
TEXAS MUNICIPAL RETIREMENT SYSTEM, TO PROVIDE
CERTAIN IN-SERVICE DEATH BENEFITS FOR
EMPLOYEES, AND DEATH BENEFITS FOR ANNUITANTS
WHOSE LAST EMPLOYMENT BEFORE RETIREMENT WAS
WITH THE CITY OF ROUND ROCK, TEXAS.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ROUND ROCK, 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 1108,
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, 1985, by reason of service in the employment of
the City of Round Rock, and on such date has at least 36 months of credited service with said
system, shall be and is hereby allowed "Updated Service Credit" (as that term is defined in
subsection (d) of Section 63.402 of said title) in an amount that is 100% of the "base Updated
Service Credit" of the member (calculated as provided in subsection (c) of Section 63.402 of
said title). 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 said title, any member of
the Texas Municipal Retirement System who is eligible for Updated Service Credits on the
basis of service with this City, 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, 1984, shall be credited with Updated
Service Credits pursuant to, calculated in accordance with, and subject to adjustment as set
forth in said 63.601. ,
(c) In accordance with the provisions of subsection (d) of Section 63.401 of said title,
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. 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, 1985.
BE IT FURTHER ORDAINED BY THE CITY COUNCIL OF ROUND ROCK, TEXAS:
That effective January 1, 1985, for each month of current service thereafter rendered
by each of its employees who are members of the Texas Municipal Retirement System, the
City will contribute to the current service annuity reserve of each such member at the time
of his or her retirement, a sum that is 150% of such member's accumulated deposits for such
month of employment; and said sum shall be contributed from the City's account in the
municipality accumulation fund.
BE IT FURTHER ORDAINED BY THE CITY COUNCIL OF ROUND ROCK,TEXAS:
Section 1. Pursuant to the provisions of Sections 62.105 and 64.202 of Subtitle G of
Title 1108, Revised Civil Statutes of Texas, 1925, 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:
(a) Each person who becomes an employee of any participating department of this City
and who is not already a member of the Texas Municipal Retirement System shall become a
member of the System as a condition of employment, provided such person is then under sixty
(60) years of age;
(b) Any member, after one (1) year from the effective date of his or her membership in
the System, shall be eligible for service retirement if he or she has attained the age of fifty
(50) years and has completed twenty-five (25) years of creditable service with one or more
municipalities that have authorized eligibility under Section 64.202 of the TMRS Act or under
Section XX of former Article 6243h, Vernon's Texas Civil Statutes, or if he or she has
attained the age of sixty (60) years and has completed at least ten (10) years of creditable
service with one or more municipalities that have authorized eligibility under Section 64.202
of the TMRS Act of under Section XX of said former Article 6243h;
(c) The membership of any person who has completed at least ten (10) years of
creditable service with participating municipalities that have authorized eligibility under
Section 64.202 of the TMRS Act (or under Section XX of said former Article 6243h) shall not
terminate because of absence from service; and
(d) Any person who is an employee of a participating department of this municipality at
the effective date of this ordinance, but who at the date of his or her employment was under
sixty (60) years of age but did not become a member of Texas Municipal Retirement System
because he or she was then above the maximum age then prescribed by law for initial
membership in the System, shall become a member of the System at the effective date of
this ordinance, unless he or she has already become a member under other provisions of the
governing Act, and shall be allowed prior service credit for each month of creditable service
performed for this municipality subsequent to the date such person was precluded from
membership and prior to the effective date of his or her membership. Such prior service
credit shall be calculated using the same percentage of base prior service credit as was most
recently used in calculating prior service credits or updated service credits in said System for
current member employees of this City...
Section 2. 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.
Section 3. This ordinance shall become effective on the first day of
19 , 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.
WHEREAS, the City of Round Rock is a municipality participating on a full -salary basis
in the several programs presently operated by the Texas Municipal Retirement System; and,
WHEREAS, the City Council is of opinion that it is to the best interest of the City that
employees and annuitants whose last covered employment under the System was as an
employee of the City shall participate in the Supplemental Death Benefits Fund operated by
said System; now therefore,
BE IT FURTHER ORDAINED BY THE CITY COUNCIL OF THE CITY OF ROUND ROCK:
Section 1. That the City of Round Rock hereby elects to participate in the
Supplemental Death Benefits Fund of the Texas Municipal Retirement System for the purpose
of providing in-service death benefits for each of the City's employees who are members of
said System, and for the purpose of providing post-retirement death benefits for annuitants
whose last covered employment was as an employee of the City, in the amounts and on the
terms provided for in Sections 62.004, 64.601 through 64.605, 65.314, 65.409, and 65.502 of
Title 1108, Revised Civil Statutes of Texas, 1925, as amended.
Section 2. The City of Round Rock is hereby authorized and directed to notify the
Director of the System of adoption of this ordinance, and of the participation of the City in
said Fund.
Section 3. Participation of the above mentioned employees and annuitants in the
Supplemental Death Benefits Fund shall be effective on the 1st day of
19
Passed and approved this the , Q r" day of , 19 Pi, .
ATTEST: APPROVED:
City Secretary or Clerk
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Mayor
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