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ORDINANCE
AN ORDINANCE AUTHORIZING AND ALLOWING, UNDER THE ACT
GOVERNING THE TEXAS MUNICIPAL RETIREMENT SYSTEM,
"UPDATED SERVICE CREDITS" IN SAID SYSTEM FOR SERVICE
PERFORMED BY QUALIFYING MEMBERS OF SUCH SYSTEM WHO
PRESENTLY ARE MEMBERS OF THE CITY OF CORPUS CHRISTI;
PROVIDING FOR INCREASED PRIOR AND CURRENT SERVICE
ANNUITIES FOR RETIREES AND BENEFICIARIES OF DECEASED
RETIREES OF THE CITY; ESTABLISHING AN EFFECTIVE DATE FOR
SUCH ACTIONS; PROVIDING FOR SEVERANCE; AND DECLARING
AN EMERGENCY.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI,
TEXAS:
SECTION 1. Authorization of Updated Service Credits.
(a) On the terms and conditions set out in Sections 853.401 through 853.403
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 lst 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 said title) in an amount that is 100% of the "base Updated Service Credit" of
the member (calculated as provided in subsection (c) of Section 853.402 of said title).
The Updated Service Credit hereby allowed 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.
(b) In accordance with the provisions of subsection (d) of Section 853.401 of
said title, 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 date aforesaid on the full amount of such person's earnings as an employee of
the City.
SECTION 2. Increase in Retirement Annuities.
(a) On terms and conditions set out in Section 854.203 of Subtitle G of Title 8,
Government Code, as amended, 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
this City. An annuity increased under this Section replaces any annuity or increased
annuity previously granted to the same person.
028892
INDEED
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(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 hereby.
(e) The amount by which an increase under this Section exceeds all
previously granted increases to an annuitant is an obligation of this City and of its
account in the municipality accumulation fund of the System.
SECTION 3. 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 2011.
SECTION 4. If for any reason any section, paragraph, subdivision, clause, phrase,
word or provision of this ordinance shall be held invalid or unconstitutional by final
judgment of a court of competent jurisdiction, it shall not affect any other section,
paragraph, subdivision, clause, phrase, word, or provision of this ordinance, for it is the
definite intent of this City Council that every section, paragraph, subdivision, clause,
phrase, word or provision of this ordinance be given full force and effect for its purpose.
SECTION 5. That upon written request of the Mayor or five Council members, copy
attached, the City Council (1) finds and declares an emergency due to the need for
immediate action necessary for the efficient and effective administration of City affairs
and (2) suspends the Charter rule that requires consideration of and voting upon
ordinances at two regular meetings so that this ordinance is passed as an emergency
measure this the 14th day of December, 2010.
ATTEST:
4100, JP,
`0cretary
Armando Chapa, City
THE CITY OF CORPUS CHRISTI
Joe A
APP ED AS TO FORM / bueottb.P. - 3O, 2010
B
Jennifer A. Knox -Walker
Assistant City Attorney
for City Attorney
Corpus Christi, Texas
`f" day of D(-6/1.19-4(0.
( , Q/ 010
TO THE MEMBERS OF THE CITY COUNCIL
Corpus Christi, Texas
For the reasons set forth in the emergency clause of the foregoing ordinance an
emergency exists requiring suspension of the Charter rule as to consideration and
voting upon ordinances at two regular meetings: I/we, therefore, request that you
suspend said Charter rule and pass this ordinance finally on the date it is introduced, or
at the present meeting of the City Council.
Respectfully, Respectfully,
rittialt-e
Joe Ade/11
Mayor
The above ordinance was passed by the following vote:
Joe Adame
Chris N. Adler
Larry R. Elizondo, Sr.
Kevin Kieschnick
Priscilla Leal
John E. Marez
Nelda Martinez
Mark Scott
Linda Strong
028892
EFFECTiVF DATE
January