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1996M32- TMRS"UPDATED SERVICE CREDITS" ORDINANCE NO. ft-/l1-3~ AN ORDINANCE BY THE CITY COUNCIL OF THE CITY OF SCHERTZ, TEXAS AUTHORIZING AND ALLOWING, UNDER THE ACT GOVERNING THE TEXAS MUNICIPAL RETIREMENT SYSTEM (TMRS), "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 SCHERTZ; 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 SCHERTZ, TEXAS: Section I 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, 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, 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 was a contributing member on the 1st day of January of the calendar year preceding such allowance, 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 provided for Credit" of the (c) of Section Updated Service Credit hereby allowed and shall be 100% of the "base Updated Service member (calculated as provided in subsection 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. Section II 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 70% 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 increase in annuity will a computation hereunder does not result in the amount of an annuity, the amount of not be changed hereunder. an the (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 III Dates of Allowances and Increases The initial allowance of Updated Service Credit and increase in retirement annuities hereunder shall be effective on January 1, 1997, 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 ordinances 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 IV 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 1997. APPROVED on first reading the /~T day of October, 1996. PASSED, APPROVED AND ADOPTED the;.)Tff of October, 1996. C Schertz, Texas ATTEST: ~et--' !1LLL-tH~ City Secretary, City of Schertz (SEAL OF CITY) County of Guadalupe () 1 l.-<"j .. ,: ,J", fi tl-~ 1 (J m .1 '1~ /},J- 11J 'v IY ?,l-/ . ~ ,;; '. qt' / I ' (y). 0A))t 1fl)~S t~ 5D If; )/. I PUBLISHER'S AFFIDAVIT THE STATE OF TEXAS, Before me, the undersigned authority, on this date personally appeared L - A _ REYNOLDS known to me, who, being by me duly swom, on his oath deposes and says that he is the Publisher of The Seguin Gazette-Enterprise, a newspaper published in said county; that a copy of the within and foregoing AD was published in said newspaper 2 times before the return day named therein, such publications being on the following dates: OCTOBER 22, 1996 OCTOBER 24, 1996 and a newspaper copy of which is hereto attached. ) ..~ /. "" '/" \. / .L -,--- '. Si;."-~ .' ~ , ) Swom to and subscribed before me, this 25th day of OCTORF.R A.D., 19 96 . ~~, "'-:0\'\' "....~.....,.-C_,.,' 6~ I,. F~-- ~~\ U A '..~ 'j' RUTH AYERS \ \ ~ ,,*/ NotvyPubllc,StIleotTmllIS \II'...~, /",' MyCommBslonExplresl2-21-1999 '1,-:"~()f-;t:...y ~ '0. ~~ Notary Public, Guadalupe County, Texas ~ _4______;----____ . _._____ _.__ __. _ ___ _ ___ ______ _ . --- ~_. - ---:....... -- ~~ .... ~ ORDINANCE NO. 96-11- 32 By the City Council of the City of Schertz, Texas au- thorizing and allowing under the act governing t~ Texas Municipal Retirement system (TMRS), 'Updated SeMce Credits. in said system on an annual basis for service performed b qualitying members of such system who at the effective date of the allowance are in the amployment of the City of Schertz' p vid' . ro 1"9 for in. c~ prior and current seMCe annuiUes for retirees and beneficiaries of de- ceased retirees of the City. and establishing an effectjy~ date for the ordinance Passed, Approved'. and Adopted the 15th day of 0c- tober, 1996, Norma Mhouse City Secretary. r~RDlNANCE NO. 96-. ~ 32 ~y the Oily Council of the ejty 'of Schertz, Texas au. ~horizin9 and allowing, }!nderthe eel governing the :\TelC8S Municipal Retirement .~em (TMRS), 'Updated "ervice Credits. in said ~m on an annual basis 1<>r service performed by "$Iualitylng members of such ,.system who at the effective :\iete of the alloWance are in 1he employment of the City '~f Schertz; providing for in- , <:reesed prior and current .\.ervice annuitieS. for reti-- tl. nd beneficiaries of ~e~ .~eased retireeS of the City; ~ establiShing an effective bate for the ordinance. I'aseed, APproved and ~ed \he 15th daY of Qc- \oller, 1996. 't40rma AlthOuse pity secretary. ~ Jl PUBLISHER'S AFFIDAVIT (JPY~ I~ *~.( " 1JJl~; .. /g 111,; I THE STATE OF TEXAS, County of Guadalupe Before me, the undersigned authority, on this date personally appeared L. A. REYNOLDS known to me, who, being by me duly swom, on his oath deposes and says that he is the Publisher of The Seguin Gazette-Enterprise, a newspaper published in said county; that a copy of the within and foregoing AD was published in said newspaper ;> times before the return day named therein, such publications being on the following dates: OCTOBER 8, 1996 OCTOBER 10, 1996 am! a "__ of whOh ;, h....fo a""'h~~ Swom to and subscribed before me, this 10th day of OCTOBER A.D., 19 96 . --~~\\\, .F", ~~"'''''''~''''~''';''r" 666l"LZ-U_U",,"WWO,'" f '.... 12:,1 \ \ SlKiIJ.IO"QS'~IldMqON ~.! 4~ ;.~ S'=I3AVHlnCj ~II,()\,. ..'gJv. /;:." 1,">"_., ... /.0 '11\&I)~' ^~'4:>- "--- ~~ Notary Public, Guadalupe County, Texas -~----- ' , -- --- ---"- - . AN ORDINANCE BY THE CITY COUNCIL OF -, THE CITY OF SCHERTI' TEXAS AU. THORIZI~G AND AU.OW' lNG, UNDER THE ACT GOVERNING THE TEXAS MUNICIPAL RETIRE. MENT SYSTEM (TMRS), 'UPDATED SERVICE CREDITS' IN SAID SYS. TEM ON AN ANNUAL BA. SIS FOR SERVICE PER. FORMED BY QUALIFYING MEMBERS OF SUCH SYSTEM WHO AT THE EFFECTIVE DATE OF THE ALLOWANCE ARE iN THE EMPLOYMENT OF THE CITY OF SCHERTZ; PROVIDING FOR IN- CREASED PRIOR AND CURF,lENT ANNUITIES FOR RETIREES AND BENEFICIARIES OF DE- CEASED RETIREES OF THE CITY; AND ESTAB- LISHING AN EFFECTiVE DATE FOR THE ORDI. NAN C E Passed on first reading lha 1 st day of October, 1996. Norma Althouse, City Secreta')' AN ORDINANCE BY THE CITY COUNCIL OF THE CITY OF SCHERTZ, TEXAS AU- THORIZING AND ALLOW. lNG, UNDER THE ACT GOVERNiNG THE TEXAS MUNICIPAL RETIRE. MENT SYSTEM (TMRS), 'UPDATED SERVICE CREDITS' IN SAID SYS. TEM ON AN ANIIlUAL BA. ,. 11 0 LqJI tinl'c' 10 - - SIS FOR SERVICE PEa. FORMED BY QUALIFYING MEMBERS OF SUCH SYSTEM WHO AT THE EFFECTIVE. DATE OF THE AU.OWANCE ARE IN THE EMPLOYMENT OF THE CITY OF SCHERTZ: PROVIDING FOR IN- CREASED PRIOR AND CURRENT ANNUITIES' FOR RETIREES AND BENEFICIARIES OF DE. CEASED RETIREES OF THE CITY; AND ESTAB- LISHING AN EFFECTIVE DATE FOR THE ORDI. NAN C E Passed on first reading the 1 sf day of October, 1996. . Norma A~house, City Secretary ~ I - 1400 SCHERTZ PARKWAY P. O. DRAWER 1 SCHERTZ, TEXAS 78t54-0890 AC (210) 658-3510 FAX (210) 659-3204 KERRY R. SWEATT CITY MANAGER October 17, 1996 Mr. Eric Davis, Assistant Director Member Benefits Texas Municipal Retirement System P.O. Box 149153 Austin, Texas 78714-9153 Re: City Ordinance No. 96-M-32 adoption of updated service iedit and annuity increases Mr. D ViS:~ Encl ed is a copy of the city ordinance adopted by the mayor and city council of the City of Schertz providing for updated service credit and annuity increases. The prov~s~ons of this ordinance provide for a (annual) calculation of these benefits. You have that the repeating provision will remain in effect years, but may be discontinued at any time, by an adopted by the city council. repeating confirmed for future ordinance Thank you for your assistance in this matter. Sincerely, ~ Kerry R. Sweatt City Manager KRS:db Encl: As stated THE STATE OF TEXAS } COUNTIES OF GUADALUPE, BEXAR AND COMAL } CITY OF SCHERTZ } I, Norma Althouse, City Secretary in and for the City of Schertz, Texas, DO HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of Ordinance No. 96-M-32, passed by the City Council of the City of Schertz, Texas, at a regular City Council meeting held on the 15th day of October, 1996 , at 7:00 o'clock P.M., which meeting was at all times open to the public, as such ordinance appears in the minutes book of said City Council, and that I am the lawful possessor and custodian of such books and records for such City. I FURTHER CERTIFY that the public notice of the time, place and purpose of said meeting was posted in accordance with V.T.C.A., Government Code, Section 551.041. WITNESS MY HAND AND SEAL OF SAID CITY on this, the 16th day of October, 1996. "!S#u"-~ (~la..eJ City Secretary (SEAL OF CITY) ORDINANCE NO. f~-/1-3.:L AN ORDINANCE BY THE CITY COUNCIL OF THE CITY OF SCHERTZ, TEXAS AUTHORIZING AND ALLOWING, UNDER THE ACT GOVERNING THE TEXAS MUNICIPAL RETIREMENT SYSTEM (TMRS), "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 SCHERTZ; 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 SCHERTZ, TEXAS: Section I 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, 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, 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 was a contributing member on the 1st day of January of the calendar year preceding such allowance, 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 provided for Credit" of the (c) of Section Updated Service Credit hereby allowed and shall be 100% of the "base Updated Service member (calculated as provided in subsection 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. Section II 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 70% 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 increase in annuity will a computation hereunder does not result in the amount of an annuity, the amount of not be changed hereunder. an the (e) The amount by which an increase under Section exceeds all previously granted increases annuitant is an obligation of the City and of its this to an account in the municipality accumulation fund of the System. Section III Dates of Allowances and Increases The initial allowance of Updated Service Credit and increase in retirement annuities hereunder shall be effective on January 1, 1997, 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 ordinances 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 IV 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 1997. APPROVED on first reading the 1sT day of October, 1996. PASSED, APPROVED AND ADOPTED the;.)TH day of October, 1996. Mayor, ?I!o lEI"! ATTEST: ~~~ ~~ City Secretary, City of Schertz (SEAL OF CITY) I TMRS-CIT-R TEXAS MUNICIPAL RETIREMENT SYSTEM 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 SCHERTZ; 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 SCHERTZ, TEXAS: 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, 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 1 st day of January of the calendar year preceding such allowance, by reason of service in the employment of 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 was a contributing member on the 1st day of January of the calendar year preceding such allowance, 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 100% 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. I Page 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 70% 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. Dates of Allowances and Increases. The initial allowance of Updated Service Credit and increase in retirement annuities hereunder shall be effective on January 1, 1997, 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. 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 1997. Passed and approved this the day of ,19_. ATTEST: APPROVED: City Secretary or Clerk Mayor