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ORDINANCE N0. QJ
AN ORDINANCE AMEN DING ORDINANCE NOS. 2999, 4060, 4250,
4304, 9354, 4430, 4860, 4861, 4873, 4875, 5226, 5259,
6393, 6556, 7056, 7317, 7875, 8674, 8843, 9247, 9532,
10081 AND 10291, CODIFIED AS CHAPTER 2, ARTICLE VI,
DIVISION 1, ENTITLED "EMPLOYEES' RETIREMENT FUND", OF
THE CODE OF THE CITY OF FORT WORTH (1986), AS AMENDED,
WHICH ORDINANCES ESTABLISH AND PROVIDE FOR A RETIREMENT
SYSTEM, RETIREMENT PLAN AND BENEFITS THEREUNDER FOR
EMPLOYEES OF THE CITY OF FORT WORTH; ALLOWING FOR
REFUND OF MEMBER CONTRIBUTIONS WITH REGULAR INTEREST
AFTER RETIREMENT; MAKING THIS ORDINANCE CUMULATIVE;
PROVIDING A SEVERABILITY CLAUSE; PROVIDING FOR ENGROSS-
MENT AND ENROLLMENT; AND PROVIDING AN EFFECTIVE DATE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT
WORTH, TEXAS;
That Ordinance No . 2999, passed and adopted by the City
Council of the City of Fort Worth on the 24th day of September,
A.D. 1952, as amended by Ordinance Nos. 4060, 4250, 4304, 4354,
4430, 4860, 4861, 4873, 4875, 5226, 5259, 6393,, 6556, 7056, 7317,
7875, 8674, 8843, 9247, 9532, 10081 and 10291, be and the same is
hereby further amended as follows
SECTION I.
That Chapter 2, Article VI, Division I, Section 2-212,
"Termination Benefits and Vesting" of the Code of the City of
Fort Worth ( 1986), as amended, be and is hereby further amended
by adding Subsection (e), and after such addition, Subsection (e)
shall read as follows, to wit:
"(e) A vested member who has commenced to draw retire-
ment income may elect to receive a refund of his contribu-
tions, plus regular interest, in lieu of any further
retirement benefits, but by so doing he shall release and
forfeit. all rights under the Fund and thereafter be entitled
to no further benefits under this article."
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SECTION II.
CONTROLLING POWER OF ORDINANCE
The provisions of this ordinance shall be cumulative of and
in addition to all other ordinances of the City of Fort Worth
relating to pensions, which ordinances are hereby preserved and
continued in force and effect; provided, however, that, in the
event of any conflict, the provisions of this ordinance shall
control .
SECT ION I I I .
VALIDITY OF ORDINANCE
If any provision, section, part, subsection, sentence,
clause, phrase or paragraph of this ordinance be declared invalid
or unconstitutional, the same shall not affect any other portion
or provision hereof, and all other provisions shall remain valid
and unaffected by an y invalid portion, if any, and the City
Council now says that, if it had known at the time of the passage
of this ordinance that any portion of said ordinance was invalid,
it would not have adopted such invalid part.
SECTION IV.
PREREQUISITES TO ORDINANCE
The City Council finds that all acts, conditions and things
required by provisions of the Constitution of Texas and the
Charter and Ordinances of the City of Fort Worth precedent to and
in the adoption of this ordinance have been done, have happened
and have been performed in proper and lawful time and manner.
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SECTION V.
ENGROSSMENT AND ENROLLMENT
The City Secretary of the City of Fort Worth is hereby
directed to engross and enroll thist ordinance by copying the
caption and effective date of same in the minutes of the City
Council of the City of Fort Worth and by filing this ordinance in
the ordinance records of said City.
SECT ION VI .
EFFECTIVE DATE
This ordinance shall be in full force and effect from and
after the date of its adoption and it is so ordained.
AP ROVED AS TO FORM D LEGALITY:
City Attorney
Date : ~ ~ 2 ~ -~
ADOPTED: ~'oZg ~-' ~ 9
EFFECTIVE : ~~~~ Q J
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NUMBER SUBJECT PAGE
1 AMENDMENT TO RETIREMENT 1
8/29!89 G-8182 ORDINANCE lof
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ATTORNEV+~
RECOMMENDATION
INISTRATIOM!
It is recommended that the City Council adopt the attached amendment to the
City Retirement Ordinance, Section II which amends the Ordinance to provide
for payment by the Retirement Fund of the costs of retirees' health insurance
and Section I which amends the Ordinance to provide for post-retirement,
lump-sum withdrawal of contributions.
DISCUSSION
Beginning with the 1984-85 budget year and continuing through 1988-89, the
Retirement Fund Board of Trustees annually approved payment to the City from
the Retirement Fund of the costs of retirees' health insurance. In November
1988, the Board of Trustees informed the City Manager of their intention to
discontinue this payment for all future years. Subsequent to this action the
City Council was advised that without funding from the Retirement Fund the
projected $3.2 million costs for 1989-90 would have to be assumed by the City
budget. In response, the City Council contracted with A. Foster Higgins and
Company, Inc. to provide professional assistance in identifying and evalu-
ating their short-term options as well as long-term strategy for addressing
the issue of post-retirement medical benefits.
Among other recommendations in the Foster Higgins report to the Council was
the recommendation to amend the Retirement Ordinance to specifically provide
for the past voluntary payments for health insurance by the Retirement Fund
and to provide for the 1989-90 payment by Council authorization. The
attached amendment to the Ordinance will accomplish this recommendation.
Also included in the attached amendment is a no-cost amendment which will
allow a retiree, currently receiving benefits, to receive the balance of any
remaining employee contribution in lump-sum and release the Retirement Fund
from any obligation for future benefits.
DAI f/6 ~P~€~gVi"D BY
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* Approved Section I providing for post- BS
retirement, lump-sum withdrawal of
contributions and continued Section Al.~~ ,~~ 19gg
II for two weeks, providing for
payment by the Retirement Fund of the
~
costs of retirees' health insurance
.
citq $eare2axy of ~®
City o! Port Wor..A, Texan
SUBMITTED FOR THE
CITY MANAGER'S
OFFICE BY DaVld Ivor DISPOSITION BY COUNCIL.
~~d~ APPROVED PROCESSED BY
ORIGINATING ~ OTHER (DESCRIBE)
DEPARTMENT HEAD: A J Bai 1 i ff *See Above CITY SECRETARY
FOR ADDITIONAL INFORMATION
CONTACT Bai 11 ff 81.86 Ado ted Ordin~
06 No. ~
DATE