Ordinance 1980-10
ORDINANCE #
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WHEREAS, Chapter 75, Acts of the Regular Session, 50th Legisla-
ture (Article 6243h, Vernon's Texas Civil Statutes) as
amended, (hereinafter referred to as the "TMRS Act")
established the Texas Municipal Retirement System, and
authorizes the governing body of each city to have the
city departments participate in such System; and
WHEREAS, the City Council of the City of Wylie, Texas, finds
that it will be in the public interest for the City
to have its employees participate in the Texas Municipal
Retirement System as hereinafter provided;
NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF WYLIE, TEXAS:
SECTION 1. The City Council of the City of Wylie, Texas, on be-
half of said City hereby exercises its option and elects to have
the City and all of the employees of all departments now exist-
1ng and those hereafter created participate in the Texas Munici-
pal Retirement System as provided in the TMRS Act, and all of
the benefits and obligations of such System are hereby accepted
as to such employees.
SECTION 2. The City Manager 1S hereby directed to notify the
Board of Trustees of the Texas Municipal Retirement System that
the City of Wylie, Texas, has elected to participate and have
the employees of the city covered in said System.
SECTION 3. Each person who becomes an employee of The City on
or after the effective date of participation shall become a mem-
ber of the Texas Municipal Retirement System upon satisfactory
completion of his or her probationary status, as a condition of
employment.
SECTION 4. In accordance with the provisions of the Statute,
the deposits to be made to the Texas Municipal Retirement System
on account of current service of the employees are hereby fixed
at the rate of FIVE percent (5%) of the full earnings of each
employee.
SECTION 5. Each employee who qualifies for such credit shall
be allowed "Prior Service Credit" (as defined in Subsection 6
(b) of Section VI of the TMRS Act) at the rate of ONE HUNDRED
percent (100%) of the "Base Prior Service Credit of such member,
calculated in the manner prescribed in said Act.
SECTION 6. For each month of Current Service rendered to this
City by each of its employees who are members of Texas Municipal
Retirement System, the City will contribute to the current service
annuity reserve of each such member at the time of his retirement}
a sum that is 150% of such member's accumulated deposits for such
month of employment; and said sum shall be contributed from the
City's account in the Municipality Current Service Accumulation
Fund.
SECTION 7. The City Secretary is hereby directed to remit to
the Board of Trustees of the Texas Municipal Retirement System,
at its office in Austin, Texas, the city's contributions to the
System and the Amounts which shall be deducted from the compensa-
tion or payroll of employees, all as required by said Board under
the provisions of the TMRS Act, and the said official is hereby
authorized and directed to ascertain and certify officially on
behalf of the City of Wylie, Texas, the prior service rendered
to the said municipality by each of the employees of the partic-
ipating departments, and the average prior service compensation
received by each, and to make and execute all prior service cer-
tifications and all other reports and certifications which may be
required of the City of Wylie, Texas, under the provisions of
the TMRS Act, or in compliance with the rules and regulations of
the Board of Trustees of the Texas Municipal Retirement System.
SECTION 8. Participation of the above mentioned employees in
the Texas Municipal Retirement System shall become effective on
October 1, 1980.
PASSED AND APPROVED THIS THE 9th DAY OF SEPTEMBER, 1980.
ATTEST:
i::4:mUL 50. &idbLlkeJ
t?~~oCity Secretary 7
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