HomeMy WebLinkAbout593 09-25-1979ORDINANCE NO. 593
AN ORDINANCE PROVIDING FOR UPDATED SERVICE
CREDIT UNDER THE TEXAS MUNICIPAL RETIREMENT
SYSTEM FOR SERVICE PERFORMED BY QUALIFING
EMPLOYEES OF THE CITY OF EULESS, TEXAS, WHO
ARE PROVIDED RETIREMENT BENEFITS UNDER SUCH
SYSTEM; ELECTING AND PRESCRIBING THE EFFEC-
TIVE DATE OF SUCH SERVICE CREDITS; AUTHORIZING
AND PROVIDING FOR ALLOWANCE OF INCREASES IN
MONTHLY BENEFITS PAYABLE BY THE TEXAS MUNI-
CIPAL RETIREMENT SYSTEM TO RETIRED EMPLOYEES
AND BENEFICIARIES OF DECEASED EMPLOYEES AS
CURRENT SERVICE ANNUITIES AND PRIOR SERVICE
ANNUITIES ARISING FROM SERVICE OF SUCH EMPLOYEES
TO THE CITY OF EULESS, TEXAS; PROVIDING A
SEVERABILITY CLAUSE AND AN EFFECTIVE DATE.
WHEREAS, retirement benefits for employees of the City of
Euless, Texas, are provided, under the Texas Municipal Retirement
System; and
WHEREAS, recent amendments to the enabling legislation estab-
lishing and providing for such retirement system, authorized parti-
cipating municipalities to provide updated service credit for qualified
employees of such City under such retirement system; and
WHEREAS, it is the desire of the City of Euless, Texas, to pro-
vide such updated service credit for its participating employees
and to increase, under an updated service credit, the current ser-
vice annuities and prior service annuities arising from service to
the City of Euless in monthly benefits payable by such System to
presently retired employees and beneficiaries of deceased former
employees.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF EULESS, TEXAS:
I.
Section 1. Revised Allowance of Updated Service Credits. On
the terms and conditions set out in Section XVII of Article 6243h,
Vernon's Texas Civil Statutes, as amended, each member of Texas
Municipal Retirement System who on the 1st day of January, 1980,
has creditable service in said System arising out of employment
with the City of Euless, Texas, prior to the first day of the year
preceding the date last above - mentioned shall be and is hereby
granted an "Updated Service Credit" (as that term is defined in
said Act) that is 100% of the "Base Updated Service Credit" of the
member, calculated as provided in said Act.
The Updated Service Credits herein granted shall be effective
from and after January 1, 1980, and shall be in lieu of and in
substitution for all prior service credits and /or updated service
credits previously allowed such member.
II.
Section 2. Revised Increases in Annuities in Effect. Pur-
suant to Section XVIII of Article 6243h, Vernon's Texas Civil
Statutes, as amended, the City of Euless, Texas, hereby elects to
allow and to provide for payment of the increases below specified
in all monthly benefits payable by Texas Municipal Retirement
System after the lst day of January, 1980, to retired employees
and to beneficiaries of deceased employees of this City under
current service annuities and prior service annuities arising from
service of such employees to this City, and in effect prior to
the date last above - mentioned.
Each such monthly benefit for the month of January, 1980, and
each month thereafter shall be increased by twenty per cent (20 %)
above the amount of the regular benefit (as distinguished from
any supplemental or distributive benefit) in effect for the month
of December, 1979.
III.
Section 3. Approval of Board of Trustees of Texas Municipal
Retirement System. The granting of "Updated Service Credits" as
provided in Section 1 above and the granting of increases in
annuities in effect, as provided in Section 2, above, shall be
conditioned upon and subject to approval by the Board of Trustees
of Texas Municipal Retirement System as provided in the Act govern-
ing said System.
IV.
Severability Clause. That it is hereby declared to be the
intention of the City Council that the sections, paragraphs, sen-
tences, clauses and phrases of this ordinance are severable, and if
any phrase, clause, sentence, paragraph or section of this ordinance
shall be declared unconstitutional by the valid judgment or decree
of any court of competent jurisdiction, such unconstitutionality
shall not effect any of the remaining phrases, clauses, sentences,
paragraphs and sections of this ordinance, since the same would have
been enacted by the City Council without the incorporation in this
ordinance of any such inconstitutional phrase, clause, sentence,
paragraph or section.
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V.
Effective Date. This Ordinance shall be in full force and effect
from and after its passage and publication as provided by the Euless
City Charter and the laws of the State of Texas.
PRESENTED AND GIVEN FIRST READING at a regular meeting of the
Euless City Council on the 11th day of September, 1979; by a vote
of 5 ayes, 0 nays and 0 abstentions: GIVEN SECOND
READING, PASSED AND APPROVED at a regular meeting of the Euless
City Council on the 25th day of September, 1979; by a vote of
3 ayes, 0 nays and 0 abstentions.
ATTEST:
Della Houy, City Secre ry
APPROVED • FORM:
APPROVED:
Harold Samuels, Mayor
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