HomeMy WebLinkAbout80-2433 ordORDINANCE NO. 80-2433
AN ORDINANCE ADOPTING THE PLAN PROVISIONS AFFECTING
PARTICIPATION OF EMPLOYEES OF THIS CITY IN TEXAS
MUNICIPAL RETIREMENT SYSTEM AS AUTHORIZED BY
SECTION XX OF ARTICLE 6243h, VERNON'S TEXAS CIVIL
STATUTES, AND GRANTING THE ADDITIONAL RIGHTS, CREDITS
AND BENEFITS THEREIN AUTHORIZED; PROVIDING THAT SUCH
RIGHTS SHALL BE SUPPLEMENTARY TO THOSE HERETOFORE
ALLOWED AND THAT ARE IN FORCE AT THE EFFECTIVE DATE
OF THIS ORDINANCE; AND PRESCRIBING THE EFFECTIVE DATE
OF THIS ORDINANCE; AND DECLARING AN EMERGENCY.
BE IT ORDAINED BY THE CITY COUNCIL OF PLAINVIEW, TEXAS:
Section 1. Pursuant to Section XX of Article 6243h, Vernon's Texas
Civil Statutes, as amended, the City of Plainview, adopts the following
plan.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 employmen, t,
provided such person is then under sixty(60) years of age;
b) Any member, after one (1) year from the effective date of member-
s~Lp, shall be eligible for service retirement who has attained the age
of fifty (S0) years and has completed twenty-five (25) years of creditable
service wi'th this City or who has attained the age of sixty (60) years and
has completed at least ten (10) years of creditable service with participating
municipalities which have adopted the plan provisions of this section, or
who has become eligible for service retirement under any other applicable
provision of Article 6243h, Vernon's Texas Civil Statutes;
c) The membership of any member who has completed at least ten (10) years
of creditable service with this City and other participating municipalities
which have adopted the plan provisions of Section XX of Articl~ 624Sh, Vernon's
Texas Civil Statutes shall not terminate because of absence from service; and
d) Any person who is an employee of a participating department of this
municipali'ty at the effective date of this ordinance, but who at the date of his
employment was under sixty (60) years of age but did not become a member of Texas
Municipal Retirement System because he 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 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 membership. Such prior service credit shall be
calculated using the same percentage of the 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 i~force at the
effective date of this ordinance pursuant to the Act governing said System.
Section 3. This ordinance shall become effective on the first day of
the calendar month following its enactment, provided it as previously been
determined by the Actuary for the System that the additional obligations
herewith undertaken can be funded within the period prescribed by the Act
above cited, and will not result in probable depletion of this City's account
in the Prior Service Accumulation Fund of the System.
Section 4. The necessity to publish notice of this ordinance prior
to its effective date and the necessity to actuate this Ordinance by the
aforemention date dictates its emergency status, therefore, all rules
requiring more than one reading are hereby suspended; and this Ordinance
shall be passed and take effect as an emergency measure and be in full force
and effect from the date herein stated.
PASSED AND APPROVED this the 18th day of December, 1980.
ATTES~F:
CITY CLERK
APPROVED: