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HomeMy WebLinkAboutOrdinance 10385r w.- ~ .,. l' , .. s ORDINANCE NO. ~( WC~ AN ORDINANCE AMENDING ORDINANCE NOS. 2999, 4060, 4250, 4304, 4354, 4430, 4860, 4861,. 4873, 4875, 5226, 5259, 6393, 6556, 7056, 7317, 7875,. 8674, 8843, 9247, 9532, 10081, 10291 AND 10369, (:ODIFIED AS CHAPTER 2, ARTICLE VI, DIVISION 1, ENTITLED "EMPLOYEES' RETIREMENT FUND", OF THE CODE OF THE CIT7t OF FORT WORTH (1986), AS AMENDED, WHICH ORDINANCES ES'T'ABLISH AND PROVIDE FOR A RETIREMENT SYSTEM, RETIREl~lENT PLAN AND BENEFITS THEREUNDER FOR EMPLOYEES OF THE CITY OF FORT WORTH; PROVIDING FOR LIMITED P1?,YMENT OF RETIREE HEALTH INSURANCE; MAKING THIS ORDINANCE CUMULATIVE; PROVIDING A SEVERABILITY CLAUSE; PROVIDING FOR ENGROSSMENT 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, 10291 and 10369, be and the same is hereby further amended as follows: SECTION I. That Chapter 2, Article VI, Division I, Section 2-216, "Administration," Subsection (d) "Administrative expenses" of the Code of the City of Fort Worth (1986), as amended, be and is hereby further amended by adding Subsection (3), and after such addition, Subsection (3) shall react as follows, to wit: "(3) From October 1, 19.84 through September 30, 1990, part or all of the costs of retiree health insurance shall be paid from the Retirement Fund upon approval by the board of trustees or as authorized by official action by the City Council." h ~ • ~ 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. SECTION III. 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 any 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.. _2_ ~, SECTION V. ENGROSSMENT AND ENROLLMENT The City Secretary of the City of Fort Worth is hereby directed to engross and enroll this 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. SECTION 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. APPROVED AS TO FORM AND LEGALITY: T~1~ orz. City Attorney Date: y'--/ ~ -g9 ADOPTED: ~a ~9g EFFECTIVE ° / ^'~~~ O -3- wA3 fER F~tE 1 ~ ((~~ $ ~p ¢ , ACCOUHI~NG.2 ~/Z~~ ®~ 1~®U 1(. ~~U ~~~ ~~~~l.Y~~ tRANSPOR7AT10N+PU8LIC YUORKS.~ ~f/ ~ // ~° ~/ ~~]//7// ~ p ~}y~ ,~1 ///7// ~) Q ~]) ~1~/ ~) NAtER ADMINISTRATION 4 + • Y ~ lLJ/ ® U ~I,W~LL.W ~®lLilV U ILll.i~lV ~®~~ UiIV~ (li1L~Y~~® U (L HEALTH DEPARTMENT..y MUNICIPAL 'COUP pRO5ECUTING AT POLICE AOMINI~1 i1NANCE~1 ulrs ~.~_ DATE AOMIN.n REFERENCE NUMBER SUBJECT PAGE AMENDMENT TO RETIREMENT 1 8/29/89 G-8182 ORDINANCE 1 of RECOMMENDATION 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 pa~;.~nent 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. R~~ :~t~.1~'ED ~Y DAI f/6 ~~~ '~~~ ~~. I ~ *Approved Section I I , providing for ~`~ ~~ 1939 '' // ~ . _ _ ~~iyi payment y the eti rement Fund of the ~~dx/~.~,d costs of retirees' health insurance ~~ s~~~ca,,,. ~t et~~ Lacy of Forc u-®rth, T~xns SUBMITTED FOR THE CITY MANAGER'S OFFICE BY David Ivor DISPOSITION BY COUNCIL. (~ APPROVED PROCESSED BY ORIGINATING [~ OTHER (DESCRIBE) DEPARTMENT HEAD A J Bai 1 i ff *See Above CITY SECRETARY FOR ADDITIONAL INFORMATION OG CONTACT Bai 1 i ff 81 OV Ado ted Orlin ~ nCe Nd. ~~~ Cy._.J DATE