Ord 105-91 12/3/1991 ORDINANCE NO. /o5/41
y1
AN ORDINANCE AUTHORIZING AND ALLOWING,
UNDER THE ACT GOVERNING THE TEXAS MUNICIPAL
RETIREMENT SYSTEM, "UPDATED SERVICE CREDITS"
IN SAID SYSTEM ON AN ANNUAL BASIS FOR
SERVICE PERFORMED BY QUALIFYING MEMBERS
OF SUCH SYSTEM WHO AT THE EFFECTIVE DATE
OF THE ALLOWANCE ARE IN THE EMPLOYMENT
OF THE CITY OF WICHITA FALLS; PROVIDING
FOR INCREASED PRIOR AND CURRENT SERVICE
ANNUITIES FOR RETIREES AND BENEFICIARIES
OF DECEASED RETIREES OF THE CITY; AND
ESTABLISHING AN EFFECTIVE DATE FOR THE
ORDINANCE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS:
Section 1. Authorization of Updated Service Credits.
(a) On the terms and conditions set out in Sections 853.401 through 853.404 of Subtitle
G of Title 8, V.T.C.A., Government Code, as amended (hereinafter referred to as the "TMRS
ACT"), each member of the Texas Municipal Retirement System (hereinafter referred to
as the "System") who has current service credit or prior service credit in the System in force
and effect on the 1st day of January of the calendar year preceding such allowance, by reason
of service in the employment of the City of Wichita Falls (hereinafter called the "City"),
and on such date had at least 36 months of credited service with the System, shall be and
is hereby allowed "Updated Service Credit" (as that term is defined in subsection (d) of
Section 853.402 of the TMRS Act).
(b) On the terms and conditions set out in Section 853.601 of the TMRS Act, any member
of the System who is eligible for Updated Service Credits on the basis of service with this
City, who has unforfeited credit for prior service and/or current service with another
participating municipality or municipalities by reason of previous service, and as a contributing
member on January 1, 1991, shall be credited with Updated Service Credits pursuant to,
calculated in accordance with, and subject to adjustment as set forth in said Section 853.601,
both as to the initial grant hereunder and all future grants under this ordinance.
(c) The Updated Service Credit hereby allowed and provided for shall be 50% of the
"base Updated Service Credit" of the member (calculated as provided in subsection (c) of
Section 853.402 of the TMRS Act).
(d) Each Updated Service Credit allowed hereunder 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.
(e) In accordance with the provisions of subsection (d) of Section 853.401 of the TMRS
Act, the deposits required to be made to the System by employees of the several participating
departments on account of current service shall be calculated from and after the effective
date of this ordinance on the full amount of such person's compensation as an employee
of the City.
Page 3 of 4 Pages
Agenda Item No.
Section 2. Increase in Retirement Annuities.
(a) On terms and conditions set out in Section 854.203 of the TMRS Act, the City
hereby elects to allow and to provide for payment of the increases below stated in monthly
benefits payable by the System to retired employees and to beneficiaries of deceased
employees of the City under current service annuities and prior service annuities arising
from service by such employees to the City. An annuity increased under this Section replaces
any annuity or increased annuity previously granted to the same person.
(b) The amount of the annuity increase under this Section is computed as the sum
of the prior service and current service annuities on the effective date of retirement of
the person on whose service the annuities are based, multiplied by 30% of the percentage
change in Consumer Price Index for All Urban Consumers, from December of the year
immediately preceding the effective date of the person's retirement to the December that
is 13 months before the effective date of this Section.
(c) An increase in an annuity that was reduced because of an option selection is
reducible in the same proportion and in the same manner that the original annuity was reduced.
(d) If a computation hereunder does not result in an increase in the amount of an
annuity, the amount of the annuity will not be changed hereunder.
(e) The amount by which an increase under this Section exceeds all previously granted
increases to an annuitant is an obligation of the City and of its account in the municipality
accumulation fund of the System.
Section 3. Dates of Allowances and Increases. The initial allowance of Updated Service
Credit and increase in retirement annuities hereunder shall be effective on January 1, 1992,
subject to approval by the Board of Trustees of the System. An allowance of Updated Service
Credits and an increase in retirement annuities shall be made hereunder on January 1 of
each subsequent year until this ordinance ceases to be in effect under subsection (e) of Section
853.404 of the TMRS Act, provided that, as to such subsequent year, the actuary for the
System has made the determination set forth in subsection (d) of Section 853.404 of the
TMRS Act.
Section 4. Effective Date. Subject to approval by the Board of Trustees of the System,
this ordinance shall be and become effective on the 1st day of January 1992.
Passed and approved this the 3rd day of December, 1992.
ATTEST: APPRO
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ity Clerk Mayor
Page 4 of 4 Pages
Agenda Item No.
Ad 447418.
Affidavit of Publicatiot.
ORDINANCE NO.102-91
ORDINANCE WAIVING APPEN- THE STATE OF TEXAS - -
DIX A, SUBDIVISIONS SECTION
9(B)(2)(a)OF THE CODE OF COUNTY OF WICHITA
ORDINANCES WITH RESPECT TO •
PLACING CURB AND GUTTER
ON THE WEST SIDE OF CITY u
VIEW LANE NORTH OF ITS IN- H @r @)
TERSECTION WITH AIRPORT 16th December
DRIVE,ADJACENT TO THE EAST On this day of
UNE OF LOT 1, BLOCK 1,
ALDERETTE ADDITION
ORDINANCE NO.103-91 1991
ORDINANCE APPROPRIATING A.D. personally appeared before me, the undersigned authority
FUNDS RECEIVED FROM THE
TEXAS DEPARTMENT OF HIGH- DczrZC2 Ming WAYS FOR OPERATING AS- bookkeeper
SISTANCE FOR THE TRANSIT
FUND for the Times Publishing Company of Wichita Falls, publishers of the Wichita Falls
ORDINANCE NO.104-91
AN ORDINANCE AFFECTING
PARTICIPATION OF CITY EM- ecor News,Times/Record N a newspaper published ublished at Wichita Falls in Wichita County,
PA
PLOYEES IN THE TEXAS MUNICI-
PAL RETIREMENT SYSTEM: Texas, and upon being duly sworn by me, on oath states that the attached
GRANTING THE ADDITIONAL
RIGHTS,CREDITS AND BENEFITS advertisement is a true and correct copy of advertising published
I AUTHORIZED BY SECTIONS
852.105, 854.202, 854.204, in (1) one
854.405,854.406 AND 854.410 issues thereof on the following dates:
OF TITLE 8,V.T.C.A.,GOVERN-
MENT CODE, AS AMENDED, D g C 2771 b 2 Y' 13, 19 91
AND PRESCRIBING THE EFFEC-
TIVE DATE OF THIS ORDINANCE
ORDINANCE NO.105-91
AN ORDINANCE AUTHORIZING C.
AND ALLOWING, UNDER THE '`k j 0
ACT GOVERNING THE TEXAS
MUNICIPAL RETIREMENT SYS-
TEM, "UPDATED SERVICE Bookkeeper for Times Publishing Company
CREDITS' IN SAID SYSTEM ON
AN ANNUAL BASIS FOR SER- of Wichita Falls
VICE PERFORMED BY QUALIFY-
ING MEMBERS OF SUCH SYS-
TEM WHO AT THE EFFECTIVE •
DATE OF THE ALLOWANCE ARE ,EAL) Subscribed and sworn to before me this the day and year first above written.
IN THE EMPLOYMENT OF THE
rG.-- •_CITY OF WICHITA FALLS; Q
,• y PROVIDING FOR INCREASED
:s 1,4: �
PRIOR AND CURRENT SERVICE
t _ANNUITIES FOR RETIREES AND ;•,y'
!. Z''(''.BENEFICIARIES OF DECEASED ' r9
RETIREES OF THE CITY;AND ES- `i s?l n3 tx
..'TABLISHING AN EFFECTIVE V
DATE FOR THE ORDINANCE
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