HomeMy WebLinkAbout1499 09-25-2001ORDINANCE NO. 1499
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.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF EULESS, TEXAS:
SECTION 1
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 Euless, Texas, adopts the following provisions affecting
participation of its employees in the Texas Municipal Retirement System (herein
referred to as the "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.
SECTION 2
EFFECTIVE DATE. This ordinance shall become effective on the first day of
October 2001.
PRESENTED AND APPROVED on first and final reading at a regular meeting of
the Euless City Council on the 25th day of September, 2001, by a vote of 5 ayes,
—_ nays, and �_ abstentions.
APPROVED:
VIA /. .s�Il..
ATTEST:
usan Crim, C C, City Secretary
APPROVED AS TO FORM:
i
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