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OR 2002-1023 Texas Municipal Retirement System, 20-year service retirement annuityAN ORDINANCE OF THE CITY OF COPPELL, TEXAS ORDINANCE NO. 2002-1023 AN ORDINANCE OF THE CITY OF COPPELL, TEXAS, AUTHORIZING PARTICIPATION OF CITY EMPLOYEES IN THE TEXAS MUNICIPAL RETIREMENT SYSTEM, TWENTY (20) YEAR SERVICE RETIREMENT ANNUITY, PURSUANT TO SECTION 854.202(g) of TITLE 8, TEXAS GOVERNMENT CODE, AS AMENDED; PROVIDING A RATIFICATION CLAUSE; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING FOR AN EFFECTIVE DATE. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF COPPELL, TEXAS; SECTION 1. Pursuant to the provisions of Section 854.202(g) of Subtitle G of Title 8, TEXAS GOVERNMENT CODE, as amended, which Subtitle shall herein be referred to as the "TMRS Act," the City of Coppell, Texas, adopts the following provisions affecting participation of its employees in the Texas Municipal Retirement System (herein referred to as the "System"): (a) Any employee of the City who is a member of the System is eligible to retire and receive a service retirement annuity if the member has at least twenty (20) years of credited service in the System performed for one or more municipalities that have adopted and authorized eligibility pursuant to § 854.202(g) of the TMRS Act, being Section 854.202(g) of the TEXAS GOVERNMENT CODE. (b) Prior to adopting this ordinance, the governing body of the City has: (1) prepared an actuarial analysis of member retirement annuities at 20 years of service; and 920 held a public hearing pursuant to the notice provisions of the Texas Open Meetings Act, Chapter 551, TEXAS GOVERNMENT CODE. (c) The retirement and annuity rights authorized by this Ordinance shall be in addition to the plan provisions heretofore adopted and in force at the effective date of this ordinance pursuant to the TMRS Act. SECTION 2. That the City hereby ratifies and approves any and all acts or actions since the passage and effective date of Ordinance No. 2000-927 concerning any procedural irregularity or condition committed or omitted in performance of the payment and funding of the TMRS by and for officers or employees, to the extent authorized under Section 854.202 of the TMRS Act. SECTION 3. That should any word, sentence, paragraph, subdivision, clause, phrase or section of this ordinance, or of the Code of Ordinances, as amended hereby, be adjudged or held to be void or unconstitutional, the same shall not affect the validity of the remaining portions of said ordinance or the Code of Ordinances, as amended hereby, which shall remain in full force and effect. SECTION 4. That this ordinance shall take effect immediately from and after its passage and publication as the law and charter in such cases provide. DULY PASSED by the City Council of the City of Coppell, Texas, this the 12 TH day of November, 2002. (REH/cdb 11/6/02) APPROVED: /~ CANDY SHEEHAN, MAYOR ATTEST: LIBBY BALL, CITY SECRETARY 2 5t 592