HomeMy WebLinkAboutORD 1966-011 ORDINtiNCE NO. 66-11
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,� .. AN ORDIRIANCE PROVIDING FOR PARTICIPATION IN THE
TEXAS MUNICIPAL R�TIREMENT SYST�M BY THE CITY
OF GRAPEVI NE, TEX�1S, PROVI DING FOR AI�ID ELEC TI NG
TO HAVE ALL OF THE EMPLOYEES OF DESIGNATED DEPART-
+� �= MENTS OF THE CITY GOVERNMEIVT, PARTICIPATE IN SUCH
SYSTEM; AND ACCEPTINC'i ALL OF THE OBLIGATIONS AI�'D
BEI�tEFITS OF SUCH SYSTEM.
WHEREAS, the �onstitution of the St2.te of Texas was amended on
November 7, 191�.�, by the addition of Sectioq 51-f, I�rticle III ,
which authori2ed the Legislature to establlsh a state-wide
retireme�lt and disability pe�ision system for city employees;
. WHEREA�, Chapter 75, Acts 50th Legislature ( 19l�7) as amended,
established the Texas Municipal Retirement System, and authorizes
the governi�g body of each city or town to elect, at its optiorl,
to have one or more of the city departments particiate in such
system; arzd
WH£REAS, the governing body of the City of Grapevine, Texas, finds
that it will be in the public interest for the city to have its
employees, participate in the Texas Municipal Retiremerlt System
as hereir�after provided; No�u, therefore,
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BE I'I' ORDAI NED BY THE C I TY COUl�I F� OF GRAPEVI NE, TE3�A5:
Sectior� 1. That, on behalf of the City of Grapevine, T�xas, the
�� C ty ouncil hereby exercises its option and .elects to have the
city and all of the employees of the following departments of
said cfty, viz, Administrative and Police participate in the Texas
AAliuunicipal Retirement System as provided in Chapter 75, l�cts of the
50th Legislature, as amended, (Article 6243 h of Vernonts Civil
�tatutes of Texas) ; ar�d aIl of the benefits and obligat3ons of
such system are hereby accepted as to such employees.
Sectior� 2. The City Manager is hereby directed to notify the
Boar ot rustees of the Texas Municipal Retirement System that
the City of Grapevine, Texas, has elected to participate and in
sai d 'System.
�ection 3. Each person who becomes an employee of any participat-
ag epar ment on or after the effective date of participation
of suc h department shall become a meinber of the Texas �unicipal
Retirement �stem as a cor�dition of his employment. The city of
Grapevine, ���xas may in the fv.ture refuse to add new departme�ts
or new employees to such system, but shall never discontirlue as
to any participants.
""�� �ection !�. Ia accordance with the provisions of the statue, the
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deposits to be made to the Texas Municipal Retirement System or�
account of current service of the employees of the several
;�,,, par�icipating departments are hereby fixed at the rate of 5 per cent
(5.0�) of the earnings of each employee of said departments, and
in determin►ing the deposits to be made on accour�t of such service
the full earnit�gs of any employee of any such department, with
no salary limitation, shall be considered.
�ection�. The City Secretary is hereby directed to remit to
the Board of Trustees of The Texas Municipal Retirement 5ystem,
at its office in �ustin, Texas, the cityts contributions to the
System and the amou�ts which shall be deducted from the compen—
�s sation or payroll of employees, all as required by said Board
, under the provisions of Chapter 75, Acts of the 50�h Legi�ature
of the State of Texas, as amended, and the sa3 d Ci ty Secre tary
is hereby authorized and directed to ascertain and certify
"'�" officially on behalf of the City of Grapevine, Texas, the prior
service rendered to the said municipality by each of the employ—
ees of the participating departr�ents, and the average prior
service compensatio� received by each, and to make and execute
all prior service certifications and all other reports and
certificatior�s which may be required by the City of Grapevine ,
Texa�, under the provisions of Chapter 75, Acts Regular 5ession,
50th Legislature as amended, or in compliance with the rules
ar�d regulatiorts of the Board of Trustees of the Texas Municipal
Retiremer�t 'System.
Passed and approved this the7th. day of June , 1966.
APPROVED:
.�� ATTE�T: _ ayor �
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Approved as to form and lerality:
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