OR 2008-1204 Current and prior service contributions to TMRS
AN ORDINANCE OF THE CITY OF COPPELL, TEXAS
ORDINANCE NO. 2008-1204
AN ORDINANCE OF THE CITY OF COPPELL, TEXAS, ELECTING
FOR THE CITY OF COPPELL 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.
WHEREAS,
the City of Coppell (the “City”), is 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
COPPELL, 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 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.
That all provisions of the ordinances and resolutions of the City of
Coppell, Texas, in conflict with the provisions of this ordinance be, and the same are
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hereby, replaced, and all other provisions not in conflict with the provisions of this
ordinance shall remain in full force and effect.
SECTION 3. That should any word, phrase, paragraph, section or phrase of this
ordinance or of the Code of Ordinances, as amended hereby, be 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 so decided to be
unconstitutional, illegal or invalid, and shall not effect the validity of the Code of
Ordinances as a whole.
SECTION 4. That this Ordinance shall become effective on the first day of
October, 2008.
DULY PASSED by the City Council of the City of Coppell, Texas, this the
day of , 2008.
ATTEST:
LIBBY BAL ITY SECRETARY
APPROVED~S TO FORM:
ROBERT E. HAS, CITY ATTORNEY
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