O017 )
CITY OF KENNEDALE
ORDINANCE NO. 17
AN ORDINANCE PROVIDING FOR THE PARTICIPATION
IN THE TEXAS MUNICIPAL RETIREMENT SYSTEM AND
THE SUPPLEMENTAL DEATH BENEFITS FUND BY THE
CITY OF KENNEDALE, TEXAS.
WHEREAS, Subtitle G of Title 8 of the Government Code, as
amended (hereinafter referred to as the "TMRS Act "), relating to
the Texas Municipal Retirement System, authorize the governing body
of each city or town to elect, as its option, to have one or more
of the city departments participate in such System; and
WHEREAS, the City Council of the City of Kennedale, Texas,
finds that it will be in the public interest for the City to have
its employees participate in the Texas Municipal Retirement System
as hereinafter provided now, therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF KENNEDALE, TEXAS:
Section 1. The City Council of the City of Kennedale, Texas,
on behalf of said City, hereby exercises its option and elects to
have the City and all of the employees of all departments now
existing and those hereafter created participate in the Texas
Municipal Retirement System as provided in the TMRS Act.
Section 2. The City Administrator is hereby directed to notify
the Board of Trustees of the Texas Municipal Retirement System that
the City has elected to participate and have the employees of the
City covered in said System.
Section 3. Each person who becomes an employee of a
participating city on or after the effective date of participation
of such city whose position shall require more than 1,000 hours per
year shall become a member of the Texas Municipal Retirement System
as a condition of their employment.
Section 4. In accordance with the provisions of the TMRS Act,
the deposits to be made to the Texas Municipal Retirement System on
account of current service of the employees of the several
participating departments are hereby fixed at the rate of five
percent (5 %) of the full earnings of each employee of said
departments.
Section 5. Each employee who qualifies for such credit shall
be allowed "prior service credit" (as defined in Section 853.101 of
the TMRS Act) at the rate of one hundred percent (100 %) of the
"base credit" of such member, calculated in the manner prescribed
in Section 853.105 of said Act.
Section 6. For each month of current service rendered to this
City by each of its employees who are members of 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 100% 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.
Section 7. The Director of Finance is hereby directed to remit
to the Board of Trustees of the Texas Municipal Retirement System,
at it office in Austin, Tx the city contributions to the System and
the amounts which shall be deducted from the compensation or
payroll of employees, all as required by said Board under the
provisions of the TMRS Act, and the said official is hereby
authorized and directed to ascertain and certify officially on
behalf of this City the prior service rendered to the said
municipality by each of the employees of the participating
departments, and the average prior service compensation received by
each, and to make and execute all prior service certifications and
all other reports and certifications which may be required of the
City under the provisions of the TMRS Act, or in compliance with
the rules and regulations of the Board of Trustees of the Texas
Municipal Retirement System.
Section 8. That the City 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
852.004, 854.601 through 854.605, 855.314, 855,408, and 855.502 of
the Government Code, as amended.
Section 9. The City 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 10. The provisions of this ordinance shall become
effective on the 1st day of April, 1992.
Passed and approved on this the 13th day of February, 1992
ATTEST APPRO ED
City Secretary Mayor