HomeMy WebLinkAbout024502 ORD - 07/17/2001AN ORDINANCE
ORDINANCE AUTHORIZING AND ALLOWING UNDER THE ACT
GOVERNING THE TEXAS MUNICIPAL RETIREMENT SYSTEM, THE CITY
OF CORPUS CHRISTI TO MAKE CURRENT SERVICE AND PRIOR SERVICE
CONTRIBUTIONS TO THE CITY'S ACCOUNT IN THE MUNICIPAL
ACCUMULATION FUND OF THE TEXAS MUNICIPAL RETIREMENT
SYSTEM AT THE ACTUARIALLY DETERMINED RATE OF TOTAL
EMPLOYEE COMPENSATION; ESTABLISHING AN EFFECTIVE DATE FOR
THE ORDINANCE; AND PROVIDING FOR SEVERANCE.
WHEREAS, the City of Corpus Christi (the "City"), is a 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 CORPUS
CHRISTI, 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
municipal 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 determined 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.
2002.
The provisions of the Ordinance shall become effective on January 1,
Page 2 of 2
SECTION 3. Providing for Severance.
If, for any reason, any section, paragraph, subdivision, clause, phrase, word or provision
of this Ordinance shall be held invalid or unconstitutional by final judgement 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
hereof be given full force and effect for its purpose.
ATTEST:
Armand~
THE CITY OF CORPUS CHRISTI
LEGAL FORM APPROVED
By: ~j~~ ~
Alex Lopez - I O
Assistant City Attorney
,2001, James R. Bray, Jr., City Attorney
Prepared by the Human Resources Department
June 20, 2001
C:hMy Documents\TMRS 2000 01\TMRS ORDINANCE 2000 01.doc
H:\RES-DIR\SHARON\TMRS 2001\ORDINANCE 2000 01 .doc
That the foregoing ordinance was read for the first time and passed to its second reading on this
the 10~ay of -~..~_lJr- . 2001, by the following vote:
0
Samuel L. Neal, Jr. ,~ (~0 - Rex A. Kinnison
Brent Chesney ~ John Longoria
Javier D. Colmenero ~ Jesse Noyola
Henry Garrett '~ ~-- Mark Scott
Bill Kelly
That the fo[egoinng ordinance was read for the second time and passed finally on this the __
Day of Vt45'AA,--,. 2001, by the following vote:
Samuel L. Neal, Jr. (~,I,~ Rex A. Kinnison
Brent Chesney ~'~ ~I~ ¢.~ John Longoria ~_l(J~.~
Javier D. Colmenero ~,.~1. ~ . Jesse Noyola
Henry Garrett ~ Mark Scott
Bill Kelly ~1(~'~ r
PASSED AND APPROVED this the ~_ 'Day oft. Dk,Lz_K~ A ,2001.
ATTEST:
LEGAL FORM APPROVED
By:
I U. 2001; JAMES R. BRAY, JR., CITY ATTORNEY
n~ x~R. [ o~ ez,~Assiitant~ity Aiorney