Ordinance 2014-37ORDINANCE NO. 2014-37
AN ORDINANCE OF THE CITY OF WYLIE, TEXAS,
ELECTING FOR THE CITY TO MAKE CURRENT SERVICE
AND PRIOR SERVICE CONTRIBUTIONS TO THE CITY'S
ACCOUNT IN THE BENEFIT ACCUMULATION FUND OF THE
TEXAS MUNICIPAL RETIREMENT SYSTEM AT THE
ACTUARIALLY DETERMINED RATE OF TOTAL EMPLOYEE
COMPENSATION; REPEALING ALL CONFLICTING
ORDINANCES; CONTAINING A SEVERABILTIY CLAUSE; AND
PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the City of Wylie (the "City "), is a participating municipality in the
Texas Municipal Retirement System (the "System "), and has undertaken to provide
certain retirement, death and disability benefits to its employees pursuant to Subtitle G,
Title 8, Government Code, (hereinafter, the "TMRS Act "); and
WHEREAS, the City Council desires to authorize funding of such benefits as
herein provided;
NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF WYLIE, TEXAS:
Section 1. Pursuant to Section 855.407(g) of the TMRS Act, the City hereby elects
to make future normal and prior service contributions to its account in the benefit
accumulation fund of the System at such combined rate of the total compensation paid by
the City to employees who are members of the System, as the System's actuary shall
annually determine as the rate necessary to fund, within the amortization period
determined as applicable to the City under the TMRS Act, the costs of all benefits which
are or may become chargeable to or are to be paid out of the City's account in said
accumulation fund, regardless of other provisions of the TMRS Act limiting the
combined rate of city contributions.
Section 2. Should any paragraph, sentence, sub - division, clause, phrase or section
of this ordinance be adjudged or held to be unconstitutional, illegal, or invalid, the same
shall not affect the validity of this ordinance as a whole or any part or provision thereof,
other than the part or parts as declared to be invalid, illegal, or unconstitutional.
Section 3. This ordinance shall be in full force and effect from and after its
adoption by the City Council pursuant to the law and the City Charter.
Section 4. That all other ordinances and code provisions in conflict herewith are
hereby repealed to the extent of any such conflict or inconsistency.
Ordinance No. 2014 -37
Approval of TMRS Contribution Rate
1
DULY PASSED AND APPROVED by the City Council of the City of Wylie,
Texas, on this the 280' day of October, 2014.
ATTEST:
r
Carole Ehrli , City Secretary
Ordinance No. 2014 -37
Approval of TMRS Contribution Rate
2
OF yl
zt1;_0 ; iel-�V-11