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HomeMy WebLinkAboutOrdinance 20008-12-2011ORDINANCE NO. 20008-12-2011 AN ORDINANCE AMENDING CHAPTER 2, ARTICLE VI, DIVISION 1, ENTITLED "EMPLOYEES RETIREMENT FUND," OF THE CODE OF THE CITY OF FORT WORTH (1986), AS AMENDED, AMENDING SECTION 2-201 TO DELETE DEFINITIONS FOR TRUST AGREEMENT, TRUSTEE, AND VESTED TERMINATION DATE, TO ADD DEFINITIONS FOR LINE OF DUTY AND VESTED RETIREMENT DATE, TO SUBSTITUTE NEW DEFINITIONS FOR ALTERNATIVE PENSION BENEFIT, BASE PENSION, CREDITED SERVICE, EXECUTIVE DIRECTOR, DROP ACCOUNT, EARNINGS, NORMAL RETIREMENT DATE AND VESTED TERMINATION PENSION; AMENDING SECTION 2-202 TO DELETE REFERENCE TO DISABILITY AND TO ADD THE PROCEDURE FOR DETERMINING BENEFITS FOR EMPLOYEES WHO TERMINATE AND RETURN TO SERVICE; AMENDING SECTION 2-205 TO ADD PROCEDURES FOR THE CASH BALANCE ACCOUNT; AMENDING SECTION 2-207 TO CLARIFY SECTION REFERENCES AND TO ADD PROCEDURES FOR THE CASH BALANCE ACCOUNT; AMENDING SECTION 2-208 TO ADD PROCEDURES FOR THE CASH BALANCE ACCOUNT, AND TO CORRECT THE AGE FOR VESTED TERMINATION PENSION; AMENDING SECTION 2-209 TO ADD PROCEDURES FOR THE CASH BALANCE ACCOUNT; AMENDING SECTION 2-210 TO ADHERE TO NEW DEFINITIONS, TO CLARIFY THE APPLICABILITY OF THE AD HOC COLA, PROVIDING THE DATE FOR ELIGIBILITY OF THE COST OF LIVING ADJUSTMENTS, AND DELETING SECTION THAT IS RESTATED ELSEWHERE IN THE ORDINANCE; AMENDING SECTION 2-211 TO CORRECT LANGUAGE AND TO PROVIDE FOR PROCEDURES FOR THE CASH BALANCE ACCOUNT; AMENDING SECTION 2-212 TO PROVIDE PROCEDURES FOR CASH BALANCE ACCOUNT, TO PROVIDE BENEFIT FOR THE DEPENDENT PARENTS OF AN EMPLOYEE WHO DIES NOT IN THE LINE OF DUTY, TO PROVIDE BENEFIT FOR DEPENDENT CHILDREN, TO CLARIFY SURVIVOR BENEFIT; AMENDING SECTION 2-214 TO PROVIDE FOR DEPARTMENTAL CHANGES FOR EMPLOYEE GROUP ELECTIONS AND TO DELETE THE FOLLOWING SECTIONS: GENERAL PROVISIONS, CODE OF ETHICS, EXECUTIVE DIRECTOR AND OTHER EMPLOYEES, BUDGET, EXPENSES, AND REPAYMENT BY CITY, AND CUSTODIAL TRUSTEE; PROVIDING A SEVERABILITY CLAUSE; PROVIDING THAT ALL CONDITIONS PRECEDENT FOR THE ADOPTION OF THIS ORDINANCE CLAUSE AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City of Fort Worth City Council ("City Council") adopted Ordinance No. 13543, as amended, and codified as Chapter 2, Article VI, Division 1 of the Code of the City of Fort Worth, collectively called the "Employees Retirement Fund Ordinance"; and Ordinance No. 20008-12-201 1 Page 1 of 39 WHEREAS, the City Council desires to make changes to the Retirement Ordinance to clarify previous changes made to Retirement Ordinance; and WHEREAS, the City Council desires to make changes to the Retirement Ordinance to ensure that the Retirement Ordinance remains in compliance with applicable state statutes; and WHEREAS, the City Council desires to make changes to the Retirement Ordinance in accordance with changes made to the Administrative Rules of the Retirement Fund. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS: SECTION 1. Chapter 2, Article VI, Division 1, Section 2-201, ("Definitions") of the Retirement Ordinance is amended to add the definitions for "Line of Duty" and "Vested Retirement Date", to delete the terms and definitions for "Trust Agreement", "Trustee", and "Vested Termination Date", and to change the definitions of "Alternative Pension Benefit", "Base Pension", "Credited Service", "DROP Account", "Earnings", "Normal Retirement Date", and "Vested Termination Pension", to read as follows: Sec. 2-201. - Definitions. The following words, terms and phrases, when used in this division, as amended, shall have the meanings ascribed to them in this section, except where the context clearly indicates a different meaning. The masculine pronouns, wherever used herein, shall include both male and female persons. Actuarial equivalent and actuarially equivalent shall mean equality in value of the aggregate amounts expected to be received under different forms of payment based upon the actuarial factors and assumptions used by the actuary with the approval of the board. Actuarial tables shall mean such tables of mortality, interest rates, turnover discounts, salary scales, etc., as shall be used by the actuary with approval of the board. Ordinance No. 20008-12-2011 Page 2 439 Actuary shall mean the technical advisor regarding the operations which are based on mortality, service, and compensation experience, who makes periodic valuations of the assets and liabilities of the fund and other evaluations as requested by the board and the governing body. Alternative pension benefit shall have the meaning set forth in section 2-210(a)(1)b. or (a)(2)b., whichever applies. Base pension shall mean the annual life pension a member receives pursuant to section 2- 210(a)(1)(a), 2-210(a)(2)a., or 2-210(a)(4)g., whichever applies, prior to any cost -of -living adjustments pursuant to section 2-210(b) or 2-210(a)(4)g. If a member elects an alternative pension benefit pursuant to section 2-210(a)(1)b. or 2-210(a)(2)b., or participates in DROP pursuant to section 2-210(a)(4), the member's base pension shall not include the lump sum amount or the DROP account. Beneficiary shall mean any person in receipt of a retirement benefit or any other benefit provided under this division. Board shall mean the Board of Trustees of the Employees Retirement Fund of the City of Fort Worth. City shall mean the City of Fort Worth, Texas. Code shall mean the United States Internal Revenue Code of 1986, as amended, and any successor thereof Compensation base shall have the meaning set forth in section 2-207. Credited service shall mean the number of years (treating each complete month of service as one -twelfth (1/12) of a year) in which an employee has participated in the Employees' Retirement Fund of the City of Fort Worth, Texas, including unused accumulated sick leave and major medical leave pursuant to section 2-205(b). Service for fifteen (15) or more calendar days in any month shall constitute a complete month of service; service for less than fifteen (15) calendar days in any month shall constitute a complete month of absence. Notwithstanding the preceding provisions of this definition of credited service, the period of time following a member's effective DROP election shall not be included when determining a member's credited service. A member may have his or her proof of credited service increased through the purchase of permissive service credits as provided in section 2-205(c). DROP shall mean the deferred retirement option program as set forth in section 2-210(a)(4). Drop account shall mean the account created pursuant to section 2-210(a)(4)d. for a member who has made a DROP election. Drop election shall mean the election made by a member pursuant to section 2-210(a)(4) to participate in the deferred retirement option program. Earned income shall mean, for purposes of section 2-211, those wages, salaries, tips, commissions, monetary bonuses or professional fees, and other amounts received as compensation for personal services actually rendered, including any compensation deferred under a deferred compensation program. Ordinance No. 20008-12-2011 Page 3 of 39 Earnings shall mean the amount actually paid to an employee by the city for services rendered to the city during the calendar year, plus overtime, acting, assignment, holiday, longevity, educational incentive, safety award, incentive and shift differential pay, as reported on the employee's W-2 form. "Earnings" shall also include weekly workers' compensation benefits (currently referred to as temporary income benefits), beginning for such amounts received by city employees on or after January 1, 2006, so long as required by law. Regardless of the fact that the following payments may be shown upon an employee's W-2 form, earnings shall not include: (1) any non -salary allowance (such as uniform reimbursement, automobile allowance or mileage, etc.), (2) lump sum payments received at time of termination for unused vacation leave, sick leave and personal leave, (3) any award by a court, administrative body, or settlement agreement in excess of earnings, and (4) any amount paid to an employee for which the city does not contribute to the fund under section 2-204. However, an employee participating in a city - sponsored deferred compensation plan shall have the amount of any deferred compensation credited to that employee during the calendar year added to earnings reported on the employee's W-2 form to arrive at total earnings for retirement fund matters. Mandatory member contributions that are picked -up by the city and excluded from a member's W-2 form shall also be included as part of earnings. Notwithstanding the foregoing, earnings in excess of two hundred thousand dollars ($200,000.00), if any (or such other amounts as may be determined by taking into account the cost -of -living adjustment provided under section 401(a)(17) of the Code) shall be disregarded for all purposes of this definition. Notwithstanding the preceding provisions of this definition of earnings, earnings shall not include any amounts paid following a member's effective DROP election. ERISA shall mean the Employee Retirement Income Security Act of 1974, as amended, and any successor thereof. Executive director shall mean the individual appointed by the board, , to supervise the administrative affairs of the fund and carry out the business of the fund. Fire fighter shall mean any member of the Fort Worth Fire Department who was hired in substantial compliance with Chapter 143 of the Local Government Code, or as modified by the provisions of the city's collective bargaining agreement with the Fort Worth Professional Firefighters Association IAFF Local 440, and any fire fighter trainee who is employed by the city for the sole purpose of attending the City of Fort Worth Fire Department's Training Academy. Fiscal year shall mean the period from October 1 of one (1) year through September 30 of the following year. Fund shall mean The Employees' Retirement Fund of the City of Fort Worth, Texas. Legitimate children shall mean those children legitimate to their respective parent(s), as legitimacy is defined by the Texas Family Code and the Texas Probate Code, R.C.S. of Texas, as amended. Line of duty shall mean in the course of the operation usual to a member's employment, including all operations necessary, incident or appurtenant thereto or connected therewith, whether such operations are conducted at the usual place of employment or elsewhere. Ordinance No. 20008-12-2011 Page 4 of 39 Member shall mean a "participating member" as defined by Section 1.02(4) of Article 6243i of the Revised Civil Statutes. Net earnings from self-employment shall constitute, for purposes of section 2-211, the net earnings from self-employment as reflected upon the Internal Revenue Form Schedule SE and its successors, which schedule is attached to Internal Revenue Form 1040 and its successors. Normal retirement date shall have the meaning set forth in section 2-206 (a)(1) for police officers, fire fighters and members hired prior to July 1, 2011 who are not police officers or fire fighters. Normal retirement date shall have the meaning set forth in Section 2-206(b)(2) for members hired on or after July 1, 2011, who are not police officers or fire fighters. Permissive service credits shall mean a member's voluntary purchase of additional periods of credited service pursuant to section 2-205(c). Police officer shall mean a member in the City of Fort Worth Police Department who has acquired civil service status as well as a beginning employee currently serving a one (1) year probationary period pursuant to Chapter 143, Local Government Code, Revised Civil Statutes of Texas, as amended. Price index shall mean the annual average for each year, ending September 30, of the Consumer Price Index (all items United States City Average) published monthly by the Bureau of Labor Statistics, U.S. Department of Labor, or its successor in function. Regular interest shall mean interest compounded biweekly which should equal but not exceed the effective annual rate of five and one -quarter (51) percent computed on a calendar year basis on and after the effective date of this division. Retirement benefit shall mean a pension for life, as provided in the division, payable each year in twelve (12) equal monthly installments, beginning as of the date fixed by the board in accordance with the provisions of this division. Special retirement date shall have the meaning set forth in section 2-206 (a)(2). Standard pension benefit shall have the meaning set forth in section 2-210(a)(1)a. or 2- 210(a)(2)a., whichever applies. Termination of employment shall mean complete severance of employment of any member as an employee of the city by any act or means except death, disability or retirement. Vested shall mean the rights accrued under this division by a member of the fund who has been a member for five (5) years or more, or who has attained his or her retirement date as described in section 2-206. Such rights shall also accrue to all members of the fund at the time of termination of the fund, at the time of any complete discontinuance of the city's contributions to the fund, and to members affected at the time of any partial termination of the fund, but only to the extent that the benefits of such members have been funded. Vested retirement data shall have the meaning set torth in section 2-206 (a)(3) for police Ordinance No. 20008-12-2011 Page 5 of 39 officers, fire fighters and members hired prior to July 1, 2011 who are not police officers or fire fighters. Vested termination retirement date shall have the meaning set forth in section 2- 206(b)(3) for members hired on or after July 1, 2011 who are not police officers or fire fighters . Vested termination pension shall have the meaning set forth in section 2-208 (a)(2) for police officers, fire fighters and members hired prior to July 1, 2011 who are not police officers or fire fighters. Vested termination retirement date shall have the meaning set forth in section 2- 208(b)(2) for members hired on or after July 1, 2011 who are not police officers or fire fighters. SECTION 2. Chapter 2, Article VI, Division 1, Section 2-202, ("Membership in the fund") of the Retirement Ordinance is amended to read as follows: Sec. 2-202. - Membership in the fund. (a)_Membership in the fund shall be based on the requirements set forth in Section 2.01 of Article 6243i of the Revised Civil Statutes, provided however, that membership in the fund shall be a condition of employment for all employees who are eligible to be members. (b) If a member hired prior to July 1, 2011, who is not a police officer or firefighter, terminates employment with the City after vesting, takes a refund of their contributions, and then returns to service with the City after July 1, 2011, then the member will be treated as if the member was hired after July 1, 2011, even if the member purchases service credits pursuant to Section 2-205(a)(3). (c) If a member hired prior to July 1, 2011, who is not a police officer or firefighter, terminates employment with the City after vesting, does not take a refund of their contributions, and then returns to service with the City after July 1, 2011, then the member will be treated as if the member was hired prior to July 1, 2011. (d) If a member hired prior to July 1, 2011, who is not a police officer or firefighter, terminates employment with the City prior to vesting, and then returns to service with the City after July 1, 2011, then the member will be treated as if the member was hired after July 1, 2011, even if the member purchases service credits pursuant to Sec 2-205(a)(3). SECTION 3. Chapter 2, Article VI, Division 1, Section 2-205, "Credited Service", of the Retirement Ordinance is amended to read as follows: Ordinance No. 20008-12-201 1 Page 6 of 39 Sec. 2-205. - Credited service. (a) Service breaks. Pension credits shall be granted for all credited service for which a member of the fund receives employment compensation from the city, subject to the following regulations pertaining to service breaks: (1) Authorized service breaks of ninety (90) or less consecutive calendar days without pay shall not be deducted from credited service. (2) Except as provided below, periods of absence in excess of ninety (90) consecutive calendar days without pay shall be deducted from credited service, and no contributions shall be made by members or by the city during such periods. (3) An absence of any period shall be permitted without loss of prior service credits, unless the member receives a distribution of his or her total contributions, plus regular interest; any period of absence shall cancel all prior service if the member receives a distribution of the member's total contributions, plus regular interest; however, if a member is absent, the member may regain prior service credits by repaying the total amount of all contributions withdrawn, plus regular interest thereon (at the regular interest rate in effect on the date of repayment),less the amount received in from the member's cash balance account, from the date of withdrawal to the date of repayment, pursuant to policies adopted by the board under one (1) of the two (2) following options: a. Repay in a single lump sum payment within ninety (90) days of reemployment, or b. Repay through a payroll deduction payback plan which commences within ninety (90) days of reemployment, and provides that regular interest will be charged throughout the payback period and that the repayment period will not exceed seven (7) years. A rehired member who does not timely elect one (1) of these two (2) options and timely repay the prior contributions (plus regular interest) will waive his or her right to prior service credits. An existing rehired member on the date this provision is added to the retirement ordinance shall have until October 31, 1999 to elect one (1) of the above repayment options or waive his or her right to prior service credits. Members who received a refund of the proceeds in their cash balance account are not required to repay that amount to regain credited service under this provision. A refund of the proceeds in the cash balance account is irrevocable and the member can not pay back the amount received to restore their original cash balance account. (4) Effective on or after December 12, 1994, any member who is reemployed by the city upon completion of service in the uniformed services (within the time frame provided under the Uniformed Services Employment and Reemployment Rights Act of 1994, as amended), shall be granted service credit for such uniformed service, provided the member makes the contributions (with no interest) to the fund that the member would have been required to contribute if the member had remained continuously employed by the city throughout the period of uniformed service. Such payment must be made during the period which Ordinance No. 20008-12-201 1 Page 7 of 39 commences with the date of reemployment by the city and whose duration is three (3) times the period of the member's service in the uniformed services, not to exceed five (5) years. If a reemployed member makes such contributions, the city shall also make its corresponding contributions to the fund. This provision shall be construed consistently with the requirements of the Uniformed Services Employment and Reemployment Act of 1994, as amended. (5) Any member whose employment was terminated involuntarily and was thereafter reinstated as the direct result of an appeal or suit arising from the involuntary termination shall be granted all service credits for the period of absence. (b) Accumulated sick leave and major medical leave. At retirement and in calculating a vested termination pension, a member shall have added to his or her credited service, as defined herein and subject to the provisions of section 2-205(a), above, any hours of accumulated sick leave and/or unused major medical leave, as recorded in the official personnel records of the city, for which that employee has not received compensation. Notwithstanding the preceding sentence, accumulated sick leave and/or unused major medical leave shall not be taken into account to increase the pension of a member receiving an in -line -of -duty disability pension under section 2- 211(d). For credited service purposes, such accumulated sick leave hours and/or unused major medical leave for which a member shall not receive compensation shall be converted into months using the following formula: total number of hours accumulated uncompensated sick leave and/or unused major medical leave divided by the member's total scheduled hours of work for the year and multiplied by twelve (12). The resulting product represents the number of months in whole numbers and/or a decimal fraction of a month; any whole number shall constitute that number of months to be added to credited service. If the resulting product contains a decimal value that is less than five tenths (0.50), then no addition to credited service shall be made with respect to such decimal value, however, if the resulting product contains a decimal value that is five tenths (0.50) or greater, then an additional month of credited service shall be provided for such decimal value. The addition of such accumulated sick leave and/or unused major medical leave to credited service shall not be applied toward determination of retirement eligibility, but only toward calculation of retirement benefits. (c) Permissive service credits. (1) General. Effective on or after October 1, 2002, a member who has earnings from the city for the then current year may elect to purchase permissive service credits and have his or her period of credited service increased for purposes of calculating the member's retirement benefit, normal retirement date, and special retirement date, pursuant to the provisions of this section 2-205(c). The actuary shall prepare factors which shall be used to determine the voluntary additional contributions that a member must make to purchase permissive service credits, provided, however, that in no event shall a member be required to contribute an amount that exceeds the amount necessary to fund the benefit attributable to the additional credited service that is purchased. (2) Limitations. A member cannot purchase more than five (5) years of permissive service credits that are attributable to non -qualified service, and a member cannot purchase any permissive service credits for non -qualified service prior to completion of five (5) years of participation as a member. Ordinance No. 2000S-12-201 1 Page 8 of 39 (3) Non -qualified service. For purposes of this subsection 2-205(c), the term "non - qualified service" means service for which permissive service credit is allowed other than (i) service (including parental, medical, sabbatical, and similar leave) as an employee of the government of the United States, any state or political subdivision thereof, or any agency instrumentality of any of the foregoing (other than military service or service for credit which was obtained as a result of the repayment described in section 415(k)(3) of the Code), (ii) service (including parental, medical, sabbatical, and similar leave) as an employee (other than as an employee described in clause (i) above) of an education organization described in section 170(b)(1)(A)(ii) of the Code which is a public, private, or sectarian school which provides elementary or secondary education (through grade 12), as determined under state law, (iii) service as an employee of an association of employees who are described in clause (i) above, or (iv) military service (other than qualified military service under section 414(u) of the Code) recognized by such governmental plan. In the case of service described in clauses (i), (ii), or (iii) above, such service will be non -qualified service if recognition of such service would cause a member to receive retirement benefits for the same service under more than one (1) plan. (4) Purchase of permissive service credits. A member may purchase permissive service credits pursuant to the rules, procedures and forms as may be adopted and amended by the board in its complete discretion, which shall be uniform and nondiscriminatory and which shall be interpreted in a manner that is consistent with the provision of the retirement ordinance and applicable law. Permissive service credits may be purchased by a member's direct payment to the trustee of the amount determined by the factors provided by the actuary, or through a trustee to trustee transfer of such amount from the member's account under an eligible deferred compensation plan (as defined in Code section 457) or a qualified plan within the meaning of Code section 401(a), including a 401(k) plan, or the member's annuity contract meeting the requirements of Code section 403(b). SECTION 4. Chapter 2, Article VI, Division 1, Section 2-207, "Compensation Base For Determining Benefits" is amended to read as follows: Sec. 2-207. - Compensation base for determining benefits. (a) For all members hired and vested before October 23, 2007: Pension, death, disability and vested termination benefits shall be based upon the member's compensation base which shall mean the average annual earnings which were paid to the member by the city for employment with the city during any five (5) calendar years in which he or she had the highest annual earnings. If a member's last day of employment with the city is on or after January 1, 1999, "three (3)" shall be substituted for "five (5)" in the preceding sentence, and the calculation of the member's compensation base will be subject to any applicable limits on annual earnings set forth in section 2-207(b). If a member has less than five (5) (or, if applicable, three (3)) calendar years of employment, the member's compensation base shall be determined by the executive director under uniform, non-discriminatory procedures that are consistently applied. For compensation Ordinance No. 20008-12-201 1 Page 9 of 39 base purposes, any lump sum payments of earnings for any prior time period, whether awarded to the member by a court, administrative body or settlement agreement, shall be retroactively attributed to the calendar year in which it would otherwise have been received by the employee from the city for services rendered. For purposes of computing the compensation base for a member who has made an effective DROP election, the member's compensation base shall be calculated using the member's earnings prior to the effective date of the DROP election. (b) For all members hired prior to October 23, 2007, who had less than five years of service as of October 23, 2007; for police officers and fire fighters hired after October 23, 2007; and for members hired after October 23, 2007 and prior to July 1, 2011, who are not police officers or fire fighters: (1) For purposes of 2-207(b) a member is defined as all members hired prior to October 23, 2007, who had less than five (5) years of service as of October 23, 2007, police officers and fire fighters hired after October 23, 2007, or members hired after October 23, 2007 and prior to July 1, 2011. (2) Pension, death, disability and vested termination benefits shall be based upon the member's compensation base which shall mean the average annual earnings which were paid to the member by the city for employment with the city during any three (3) calendar years in which he or she had the highest annual earnings. If a member has less than three (3) calendar years of employment, the member's compensation base shall be determined by the executive director under uniform, non-discriminatory procedures that are consistently applied. For compensation base purposes, any lump sum payments of earnings for any prior time period, whether awarded to the member by a court, administrative body or settlement agreement, shall be retroactively attributed to the calendar year in which it would otherwise have been received by the employee from the city for services rendered. For purposes of computing the compensation base for a member who has made an effective DROP election, the member's compensation base shall be calculated using the member's earnings prior to the effective date of the DROP election. (3) For a member whose last day of employment with the city is on or after January 1, 1999, and whose benefits commence on or after December 31, 2008, a member's compensation base shall be calculated as follows: a. The fund shall determine the four (4) calendar years in which the member had the highest annual earnings. Of such four (4) years, the year in which the member had the lowest annual earnings shall serve as the base year. The base year shall not be included as one (1) of the three (3) calendar years for purposes of the compensation base calculation. b. The first annual earnings to be used in the calculation of the member's compensation base shall be the actual annual earnings from the calendar year with the third highest annual earnings of the four (4) calendar years identified in subsection (3)a. of this section 2-207(b), provided that if such annual earnings are from a calendar year beginning on or after January 1, 2008, the amount to be used in the calculation of the compensation base for the first year shall not exceed one hundred twelve (1 12) percent of the annual earnings for the base year. Ordinance No. 20008-12-2011 Page 10 of 39 c. The second annual earnings to be used in the calculation of the member's compensation base shall be the actual annual earnings from the calendar year with the second highest annual earnings of the four (4) calendar years identified in subsection (3)a. of this section 2-207(b), provided that if such annual earnings are from a calendar year beginning on or after January 1, 2008, the amount to be used in the calculation of the compensation base for the second year shall not exceed one hundred twelve (112) percent of the annual earnings used that are attributable to the year described in subsection (3)b. of section 2-207(b). d. The third annual earnings to be used in the calculation of the member's compensation base shall be the actual annual earnings from the calendar year with the highest annual earnings of the four (4) calendar years identified in subsection (3)a. of this section 2-207(b), provided that if such annual earnings are from a calendar year beginning on or after January 1, 2008, the amount to be used in the calculation of the compensation base for the third year shall not exceed one hundred twelve (112) percent of the annual earnings used that are attributable to the year described in subsection (3)c. of section 2-207(b). e. The average of the three (3) amounts determined in accordance with subsections (3)b. through (3)d. of this section 2-207(b) will be the average annual earnings for purposes of the member's compensation base. (c) For members hired on or after July 1, 2011, who are not police officers or fire fighters: (1) For purposes of section 2-207(c), a member is defined as a member hired on or after July 1, 2011, who is not a police officer or a fire fighter (2) For a member hired on or after July 1, 2011, who is not a police officer or a fire fighter, pension, death, disability and vested termination benefits shall be based upon the member's compensation base which shall mean the average annual earnings, excluding overtime, which were paid to the member by the city for employment with the city during any five (5) calendar years in which he or she had the highest annual earnings (excluding overtime), . If a member has less than five (5) calendar years of employment, the member's compensation base shall be determined by the executive director under uniform, non- discriminatory procedures that are consistently applied. For compensation base purposes, any lump sum payments of earnings for any prior time period, whether awarded to the member by a court, administrative body or settlement agreement, shall be retroactively attributed to the calendar year in which it would otherwise have been received by the employee from the city for services rendered. For purposes of computing the compensation base for a member who has made an effective DROP election, the member's compensation base shall be calculated using the member's earnings (excluding overtime) prior to the effective date of the DROP election. (3) Both city contributions and member contributions "picked up" by the city on overtime will not be included in the compensation base for determining retirement benefits. Member contributions on overtime will be placed in a cash balance account for each member to be administered by the fund. A member will be eligible to receive the proceeds in the cash balance account plus regular interest (at the regular rate in effect on the date of such Ordinance No. 20008-12-2011 Page 11 of 39 payment) upon termination of employment from the City of Fort Worth. However, a member who retires from the City under a normal retirement, special retirement, disability retirement, early retirement is entitled to receive a dollar for dollar match of the proceeds in the cash balance account plus a dollar for dollar match of the regular interest (at the regular rate in effect on the date of such payment) on the proceeds in the cash balance account upon retirement. A member who retires from the City under a vested termination retirement is entitled to receive a dollar for dollar match of the proceeds in the member's cash balance account, and a dollar for dollar match of the regular interest on the cash balance up until the date the member terminated service with the City. However, the member is not entitled to any interest on the cash balance account after the date the member terminated employment with the City. An eligible surviving widow or widower, dependent child or children, or dependent parent or parents of a member who dies prior to retirement would also be entitled to receive a dollar for dollar match of the proceeds in the cash balance account plus a dollar for dollar match of the regular interest (at the regular rate in effect on the date of such payment) on the proceeds in the cash balance account. SECTION 5. Chapter 2, Article VI, Division 1, Section 2-208, "Termination benefits and vesting" is amended to read as follows: Sec. 2-208. - Termination benefits and vesting. (a) For police officers, fire fighters, and members hired prior to July 1, 2011 who are not police officers or fire fighters: (1) Contribution refund prior to vesting. Any member who is voluntarily or involuntarily separated from the service of the city before the member is vested shall be entitled to receive the amount of the member's contributions plus regular interest (at the regular interest rate in effect on the date of such payment) less any amount previously paid to the member from the fund. (2) Vested termination pension. a. A vested member who is voluntarily or involuntarily separated from the service of the city shall be entitled to receive a vested termination pension payable: (i) in full, pursuant to Section 2-206(a)(3) or (ii) in a reduced amount commencing on or after age fifty (50). A member must file a request for the commencement of the vested termination pension by completing such forms and following such procedures as are established by the board. A vested termination pension shall be payable monthly on the first day of each month commencing with the month following approval of the member's vested termination pension by the board. h. A vested termination pension shall he an annual life pension, the amount of Ordinance No. 20008-12-2011 Page 12 of 39 which shall be the specified percentage of the member's compensation base multiplied by the member's total years of credited service to date of such voluntary or involuntary separation from the service of the city. For purposes of the preceding sentence, the specified percentage of the member's compensation base shall be two and seventy-five one -hundredths (2.75) percent, unless the member has attained his or her normal retirement date or vested retirement date prior to the date the member's pension payments begin, in which case the specified percentage shall be three (3.0) percent. A vested termination pension shall be calculated using the "multiplier" ("specified percentage") in effect at the time the vested termination pension commences (rather than at the time the member's employment with the city terminates). c. The amount of reduction for early commencement of a vested termination pension prior to the member's normal retirement or vested retirement date shall be five -twelfths (5/12) percent for each month by which commencement of the pension antedates the member's normal retirement date had the member remained employed by the city. (3) Contribution refund after vesting in lieu of vested termination pension. Any vested member who is voluntarily or involuntarily separated from the service of the city may elect to receive a refund of the member's contributions, plus regular interest (at the regular interest rate in effect on the date of such payment) less any amount previously paid to the member from the fund, either at the date of such separation or at any time thereafter prior to commencement of retirement benefit, but by so doing, the member shall forfeit all rights under the fund and thereafter be entitled to no further benefits hereunder. (b) For members hired on or after July 1, 2011, who are not police officers or fire fighters: (1) Contribution refund prior to vesting. Any member hired on or after July 1, 2011, who is not a police officer or fire fighter who is voluntarily or involuntarily separated from the service of the city before the member is vested shall be entitled to receive the amount of the member's contributions, plus regular interest (at the regular interest rate in effect on the date of such payment) including any proceeds in the member's cash balance account, less any amount previously paid to the member from the fund. (2) Vested termination pension. a. A vested member hired on or after July 1, 2011, who is not a police officer or fire fighter who is voluntarily or involuntarily separated from the service of the city shall be entitled to receive a vested termination pension payable: (i) in full pursuant to section 2-206(b)(3), or (ii) in a reduced amount commencing on or after age fifty-five (55). A member must file a request for the commencement of the vested termination pension by completing such forms and following such procedures as are established by the board. A vested termination pension shall be payable monthly on the first day of each month commencing with the month following approval of the member's vested termination pension by the board. b. A vested termination pension shall be an annual life pension, the amount of which shall be the specified percentage of the member's compensation base multiplied Ordinance No. 20008-12- 201 1 Page 13 of 39 by the member's total years of credited service to date of such voluntary or involuntary separation from the service of the city. For purposes of the preceding sentence, the specified percentage of the member's compensation base shall be two and twenty-five one hundreds (2.25) percent, unless the member has attained his or her normal retirement date prior to the date the member's pension payments begin, in which case the specified percentage shall be two and fifty one hundredths (2.50) percent. A vested termination pension shall be calculated using the "multiplier" ("specified percentage") in effect at the time the vested termination pension commences (rather than at the time the member's employment with the city terminates). c. The amount of reduction for early commencement of a vested termination pension prior to the member's normal retirement date shall be five -twelfths (5/12) percent for each month by which commencement of the pension antedates the member's normal retirement date had the member remained employed by the city. (3) Contribution refund after vesting in lieu of vested termination pension. Any vested member who is voluntarily or involuntarily separated from the service of the city may elect to receive a refund of the member's contributions, plus regular interest (at the regular interest rate in effect on the date of such payment) including any proceeds in the member's cash balance account less any amount previously paid to the member from the fund, either at the date of such separation or at any time thereafter prior to commencement of retirement benefit, but by so doing, the member shall forfeit all rights under the fund and thereafter be entitled to no further benefits hereunder. SECTION 6. Chapter 2, Article VI, Division 1, Section 2-209, ("Payment of benefits") of the Retirement Ordinance is amended to read as follows: Sec. 2-209. - Payment of benefits. Where benefits are payable to a minor, an individual who has legally been determined to lack capacity, or an individual whom the board determines to be unable to handle money, the board shall make payments, without any duty to see to the application thereof, to the guardian of such person's estate or, if there is none, as the board determines to be in the best interest of such person. If a retired employee who is receiving pension benefits from the fund is re-employed by the city as a regular employee, that person's pension benefits shall cease upon the date of re-employment. Credited service earned during the term of any person's subsequent re-employment in which the employee's pension benefits have been suspended shall be added to the credited service of the prior periods of employment, and upon final separation from the city, a new pension benefit shall be calculated taking into account the member's total years of credited service and recalculated compensation base. A member who was entitled to the cash balance account upon retirement will be entitled to begin a new cash balance account upon re-employment. In no event shall the member's monthly pension benefit be reduced due to periods of reemployment. Ordinance No. 20008-12-2011 Page 14 of 39 If the distributee of an eligible rollover distribution (as defined in Code section 402(f)(2)(A)) (i) elects to have such distribution paid directly to an eligible retirement plan and (ii) specifies in writing (before the distribution is made) the eligible retirement plan to which such distribution is to be made, the distribution will be made in the form of a direct trustee -to -trustee transfer to the eligible retirement plan so specified. SECTION 7. Chapter 2, Article VI, Division 1, Section 2-210, ("Retirement pension") of the Retirement Ordinance is amended to read as follows: Sec. 2-210. - Retirement pension. (a) Commencement of retirement pensions and adjustment to prior pensions. (1) Pensions commencing upon normal retirement date. a. Standard pension benefit. (i) For police officers, fire fighters, and members hired prior to July 1, 2011, who are not police officers or fire fighters: 1) For purposes of section 2-210(a)(1)a.i., a member is defined as a police officer, fire fighter, and a member hired prior to July 1, 2011, who is not police officers or fire fighter. 2) A vested member who retires on or after the member's normal retirement date and requests commencement of the member's pension, or a member who terminates employment prior to the member's normal retirement date and who waits until such vested retirement date to apply for a pension, shall receive an annual life pension, the amount of which shall be three (3.0) percent of the member's compensation base multiplied by the member's total years of credited service, payable monthly on the first day of each month commencing with the month following the board's approval of the member's pension. This pension benefit shall be called the "standard pension benefit." (ii) For members hired on or after July 1, 2011, who are not police officers or fire, fighters: 1) For purposes of section 2-210(a)(1)a.ii., a member is defined as a member hired on or after July 1, 2011, who is not a police officer or a fire fighter. 2) A vested member hired on or after July 1, 2011, who is not a police officer or a fire fighter, who retires on or after the member's normal Ordinance No. 20008-12-2011 Page 15 of 39 retirement date and requests commencement of the member's pension, or a member who terminates employment prior to the member's normal retirement date and who waits until such vested retirement date to apply for a pension, shall receive an annual life pension, the amount of which shall be two and fifty one -hundredths (2.50) percent of the member's compensation base multiplied by the member's total years of credited service, payable monthly on the first day of each month commencing with the month following the board's approval of the member's pension. This pension benefit shall be called the "standard pension benefit." b. Alternative pension benefit. In lieu of the standard pension benefit, a member may irrevocably elect with his or her spouse's consent (where applicable), in advance of his or her retirement and pursuant to regulations and requirements the board in its discretion may adopt, to receive an "alternative pension benefit" which shall be actuarially equivalent to the member's standard pension benefit and which shall be payable in two (2) parts: (i) one (1) part in a lump sum amount not less than five (5) percent nor greater than twenty-five (25) percent of the actuarial equivalent of the member's standard pension benefit, which lump sum shall be payable on the date benefits commence under (ii); and (ii) the remainder in an annual life pension, payable monthly on the first day of each month commencing with the month following the board's approval of the member's pension. c. Limitation on alternative pension benefit. Notwithstanding any other provision in this division to the contrary, the option to elect an alternative pension benefit shall not be available for any disability benefits under section 2-211, death benefits under section 2-212, or termination benefits under section 2-208, nor shall it be available to any retired employee who is receiving pension benefits hereunder as of the effective date of the alternative pension benefit provisions of this division, nor shall it be available upon re -retirement to any retired employee who becomes re-employed by the city. (2) Pensions commencing upon special retirement date. a. Standard pension benefit. A vested police officer member who retires on or after the member's special retirement date and requests commencement of the member's pension shall receive an annual life pension, the amount of which shall be three (3.0) percent of the member's compensation base multiplied by the member's total years of credited service to date of actual retirement, payable monthly on the first day of each month commencing with the month following the board's approval of the member's pension. This pension benefit shall be called the "standard pension benefit." b. Alternative pension benefit. In lieu of the standard pension benefit, a member may irrevocably elect with his or her spouse's consent (where applicable), in advance of his or her retirement and pursuant to regulations and requirements the board in its discretion may adopt, to receive an "alternative pension benefit" which shall be actuarially equivalent to his or her standard pension benefit and which shall be payable in two (2) parts: (i) one (1) part in a lump sum amount not less than five (5) percent nor greater than twenty-five (25) percent of the actuarial equivalent of the member's Ordinance No. 20008-12-2011 Page 16 of 39 standard pension benefit, which lump sum shall be payable on the date benefits commence under (ii); and (ii) the remainder in an annual life pension, payable monthly on the first day of each month commencing with the month following the board's approval of the member's pension. c. Limitation on alternative pension benefit. Notwithstanding any other provision in this division to the contrary, the option to elect an alternative pension benefit shall not be available for any disability benefits under section 2-211, death benefits under section 2-212, or termination benefits under section 2-208, nor shall it be available to any retired employee who is receiving pension benefits hereunder as of the effective date of the alternative pension benefit provisions of this division, nor shall it be available upon re -retirement to any retired employee who becomes reemployed by the city. (3) Pension commencing prior to October 1, 1996. Effective October 1, 1996, each member previously receiving pension benefits hereunder shall have the member's calculation for base pension benefits adjusted. For members whose pension was calculated on or after the member attained normal retirement date or special retirement date, or who were receiving pension benefits prior to October 1, 1993, the new base pension shall be three (3.0) percent of the member's compensation base multiplied by the member's total years of credited service to date of actual retirement. For all other members, the new base pension shall be two and seventy-five one -hundredths (2.75) percent of the member's compensation base multiplied by the member's total years of credited service to date of actual retirement. For all members, all prior cost -of -living increases from the date the member's pension benefits commenced shall be added to the new base pension to determine total benefits to be paid. (4) Deferred retirement option program. a. General. In lieu of the standard pension benefit or the alternative pension benefit, a member who has attained his or her normal retirement date or special retirement date may elect to remain in active service with the city and to participate in the deferred retirement option program ("DROP"). By making an election to participate in DROP ("DROP election"), the member's commencement of retirement pension benefits will be deferred until the member's actual retirement and the member will receive a lump sum payment (unless such person elects installment payments pursuant to section 2- 210(a)(4)k) of his or her DROP account (defined below) at the time the member's actual retirement pension benefits commence. No interest on earnings shall be paid on the lump sum payment. Once a member makes a DROP election and the DROP election is approved by the board, the election is irrevocable and is effective as long as the member remains in active service with the city. Distribution of a member's DROP account will not be made, and commencement of the member's retirement pension benefits will not begin, until the member retires from the city. DROP shall be administered in accordance with the rules, procedures and forms as may be adopted and amended by the board in its complete discretion, which shall be uniform and nondiscriminatory and which shall be interpreted in a manner that is consistent with the provisions of the retirement ordinance and applicable law. Ordinance No. 20008-12-2011 Page 17 of 39 b. Procedure for DROP election. A DROP election shall be made in accordance with the rules, procedures and forms (including spousal consent, where applicable) as may be adopted by the board. The election form adopted by the board may be amended by the board, and, except as otherwise provided by the board, the election form in effect at the time the member's DROP election is effective shall control all DROP benefits the member may become entitled to receive upon retirement. A member shall not be subject to any fees, charges, or any other similar expenses in connection with a DROP election. c. Timing and irrevocability of a DROP election. A member may make a DROP election at any time on or after the date that is sixty (60) days prior to the date that the member will attain his or her normal retirement date or special retirement date. Once effective, a DROP election is irrevocable, provided, however, that a member's DROP election shall not be effective until the member attains his or her normal retirement date or special retirement date. d. The DROP account. A member's DROP account is an individual account established on behalf of the member into which a monthly amount will be credited once the DROP election is effective ("DROP account"). The monthly amount credited to the member's DROP account will be equal to the monthly pension benefit that the member would have initially received if the member had retired from the city and commenced receipt of pension benefits. Credits to a member's DROP account will continue to be made until the member's actual retirement, provided, however, that amounts will be credited to a member's DROP account for a maximum of five (5) years. No withdrawals may be made from the DROP account. A member will receive his or her DROP account in a lump sum distribution at the time the member's pension benefits commence upon retirement, or, if elected by the member, the DROP account will be distributed in installments, as provided in section 2-210(a)(4)k. e. [Reserved.] f. Continued contributions to the fund. Once a DROP election is effective, both the member and the city shall continue to make the same contributions to the fund that would have been made if the member had not made a DROP election. Neither the member's nor the city's contributions to the fund will be credited to the member's DROP account and the additional contributions will not affect the member's monthly pension upon actual retirement. g. Monthly pension and cost -of -living adjustments. Upon retirement following an effective DROP election, the member's base pension will be the monthly pension benefits that the member had earned at the time the DROP election became effective. Thus, the member's earnings and credited service following the DROP election will not be included in calculating the member's base pension and monthly pension benefits. If (and only if) a member completes at least two (2) years of service with the city after his or her DROP election is effective, then the monthly pension benefit that the member initially receives upon retirement will be adjusted for intervening cost -of - living adjustments under section 2-210(b), as if the member's monthly pension benefit had commenced at the time the DROP election became effective. Further, such a Ordinance No. 20008-12-2011 Page 18 of 39 member shall receive a cost -of -living adjustment on the following January 1, regardless of whether the member's pension benefits had commenced by September 30. Notwithstanding the preceding provisions of this section 2-210(a)(4)g., when a member's monthly pension is initially scheduled to commence at retirement or death, the member's monthly pension (and base pension) shall be recalculated by adjusting the member's credited service for the member's then accumulated sick leave and major medical leave (if any) pursuant to section 2-205(b). h. DROP election and death benefits. If a member dies while his or her DROP election is in effect, the member's DROP account shall be paid to the member's spouse, or if there is no spouse, to the member's estate. The person eligible to receive the DROP account shall receive the DROP account in a lump sum distribution, unless such person elects installment payments pursuant to section 2-210(a)(4)k. The remaining portion of the member's pension benefit shall be paid pursuant to the death benefit provisions of the retirement ordinance, with the amount determined as if the member had died at the time of the DROP election. i. DROP election and disability benefits. If a member makes a DROP election, the member will not be eligible to receive any disability benefits under the retirement ordinance. If a member does become disabled following an effective DROP election, the member may retire from the city and receive the amount that has been credited to the member's DROP account in a lump sum or in installment payments pursuant to section 2-210(a)(4)k., and commence receipt of a monthly pension benefit, with the amount of the benefit calculated as if the member had retired at the time the DROP election became effective. j. Alternative pension benefit. A member who has made a DROP election shall not be eligible to elect an alternative pension benefit (the actuarial equivalent of the member's standard pension benefit) pursuant to section 2-210(a)(1)b. or 2-210(a)(2)b. k. Installment payments. Notwithstanding the preceding provisions of section 2- 210(a)(4), a member who is entitled to receive a lump sum payment of his or her DROP account may elect to receive (on a form adopted by the board) the DROP account in five (5) substantially equal annual installment payments, rather than a lump sum. The first installment payment shall be made at the time the member's monthly pension benefits commence, and the other installments shall be made on or about the anniversary of the initial installment. No interest on earnings shall be paid on the installment payments. 1. Actuarial study. No later than five (5) years following the adoption of this deferred retirement option program, the board shall cause the actuary to perform an actuarial study of the impact of DROP on the retirement fund and the general fund of the city, and the actuary shall report the results of the actuarial study to the board and to the City Council. In the event that the actuary certifies that DROP has had, or will have, a material adverse impact on the retirement fund or the general fund of the city, the council shall determine whether DROP shall be terminated. If the City Council votes to terminate DROP, thereafter no member shall be permitted to elect to participate in DROP; provided, however, that any member who has elected DROP Ordinance No. 20008-12-201 1 Page 19 of 39 prior to such actuarial certification shall continue to participate in DROP until such member's DROP account has been completely distributed. (b) Cost of living adjustment. (1) 2007 cost of living selection. All members of the fund who will have five (5) years of service or more as of December 31, 2007, and all members and beneficiaries currently receiving benefits (including disability retirement), will make a one (1) time election, as to whether they want to receive an annual two (2) percent simple cost of living adjustment or be entitled to receive an ad hoc compounded cost of living adjustment to their pension benefit. The election will be administered by the board of the retirement fund, and must be held prior to December 1, 2007. Once the member or beneficiary has made an election, the election is irrevocable and binding on the member, beneficiaries and any and all survivors and beneficiaries who may be entitled to benefits under this ordinance. For purposes of the ad hoc cost of living election, a member is deemed to be vested if the actual amount of time purchased pursuant to a buy back agreement when added to the member's actual years of service equal or exceed five (5) years. Members and beneficiaries who fail to make an election will automatically receive the two (2) percent simple cost of living adjustment (2) Two (2) percent cost of living adjustment: a. The two (2) percent cost of living adjustment is applicable to the following members and beneficiaries: (3) (i) Members with five (5) years of service or more as of December 31, 2007, who selected the guaranteed two (2) percent cost of living adjustment in the election conducted pursuant to section 2-210(b)(1); (ii) Members and beneficiaries (including those receiving disability retirement and survivors [including children]) receiving benefits on December 31, 2007, under the retirement ordinance who elected the guaranteed two (2) percent cost of living adjustment in the election conducted pursuant to section 2-210(b)(1) ; and (iii) Members and beneficiaries who failed to make a selection during the election conducted pursuant to section 2-210(b)(1). b. Calculation of the two (2) percent cost of living adjustment: Upon retirement, on the first day of each January a cost -of -living adjustment shall be made on the base pension of a member subject to the two (2) percent cost of living adjustment pursuant to section 2-210(b)(2)a. by increasing the amount of the actual pension by two (2) percent of the base pension, unless otherwise provided herein. To be eligible for a cost -of -living adjustment for a particular year, either the member or any survivor must have been receiving benefits by September 30 of the prior year. Ad hoc cost of living adjustment: a. The ad hoc cost of living adjustment is applicable to the following members and beneficiaries: Ordinance No. 20008-12-2011 Page 20 of 39 (i) Members who are not police officers or firefighters who begin service with the city between December 31, 2007 and June 30, 2011 (ii)Members with less than five (5) years of service with the City of Fort Worth on December 31, 2007; (iii) Members with five (5) years of service or more as of December 31, 2007, who selected the ad hoc cost of living adjustment in the election conducted pursuant to section 2-210(b)(1); (iv) Members and beneficiaries (including those receiving disability retirement and survivors [including children]) receiving benefits on December 31, 2007, under the retirement ordinance who selected the ad hoc cost of living adjustment in the election conducted pursuant to section 2-210(b)(1); and (v) Members who are police officers and firefighters who begin service with the city on or after December 31, 2007. b. Calculation of the ad hoc cost of living adjustment: Upon retirement, on the first day of each January thereafter, an ad hoc cost of living adjustment may be made on the pension of members who are subject to the ad hoc cost of living adjustment pursuant to section 2-210(b)(3)a. The decision to authorize an ad hoc cost of living adjustment will be determined as follows: (i) Prior to December 31 of each year, the fund's actuary shall make a written report to the board certifying the amortization period required to pay off the unfunded actuarial accrued liability of the fund. Based on the information provided by the actuary, the board shall: 1. Grant a compounded cost of living adjustment of four (4) percent, if the actuary certifies that the amortization period required to pay off the unfunded actuarial accrued liability of the fund, after granting the four (4) percent cost of living adjustment, is eighteen (18.0) years or less; 2. Grant a compounded cost of living adjustment of three (3) percent, if the actuary certifies that the amortization period required to pay off the unfunded actuarial accrued liability of the fund, after granting the three (3) percent cost of living adjustment, is between eighteen and one -tenth (18.1) and twenty-four (24.0) years; 3. Grant a compounded cost of living adjustment of two (2) percent, if the actuary certifies that the amortization period required to pay off the unfunded actuarial accrued liability of the fund, after granting a two (2) percent cost of living adjustment, is between twenty-four and one -tenth (24.1) and twenty-eight (28.0) years; 4. Grant no cost of living adjustment if the actuary certifies that the amortization period required to pay off the unfunded actuarial accrued liability of the fund is twenty-eight and one -tenth (28.1) years or more. (4) DROP and cost of living adjustment. Ordinance No. 20008-12-2011 Page 21 of 39 a. If a member elects the ad hoc cost of living adjustment and by December 31, 2007, the member has completed at least two (2) years of service after making a DROP election, the member's initial pension benefit upon retirement will also receive a cost of living adjustment for the DROP period before the member made the ad hoc cost of living election as set forth in section 2-210(b)(3). The ad hoc cost of living adjustment will apply for the member's remaining DROP period. b. If a member elects the two (2) percent cost of living adjustment, and by December 31, 2007, the member has completed at least two (2) years of service after making the DROP election, the member's initial pension benefit upon retirement will also receive a cost of living adjustment for the entire DROP period as set forth in section 2-210(b)(2). c. A member who makes a DROP election but who does not complete at least two (2) years of service after making the DROP election will only be eligible to receive a cost of living adjustment after the member's retirement, based on the member's cost of living election as set forth in section 2-210(b)(2) or section 2-210(b)(3). (5) For members hired on or after July 1, 2011, who are not police officers or fire fighters: Members and their beneficiaries will not be eligible to receive a cost of living adjustment upon retirement. (6) Eligibility for cost of living adjustment: To be eligible for a cost -of -living adjustment for a particular year, either the member or any beneficiary must have been receiving benefits by September 30th of the prior year. SECTION 8. Chapter 2, Article VI, Division 1, Section 2-211, ("Disability Pensions") of the Retirement Ordinance is amended to read as follows: Sec. 2-211. - Disability pensions. (a) Definition of disability. A member is disabled (or continues to be disabled) if, because of bodily injury, disease or mental illness, the member is incapacitated for life, in spite of reasonable accommodations by the city, from performing the essential functions of (i) the trade, profession or occupation in which the member was employed by the city when the member suffered the bodily injury, disease, or mental illness and (ii) any other position which the board determines to be reasonably comparable to the position held by the member, taking into account the member's education, qualifications, experience, salary and other factors which the board deems appropriate; provided, however, that no physical condition existing at the time of entry into the fund shall be a basis for a disability pension prior to vesting. (h) Gc'ncral provisions. Ordinance No. 20008-12-2011 Page 22 of 39 (1) Such disability must exist for at least ninety (90) consecutive days prior to application for a disability pension. (2) Such disability must not have been contracted, suffered or incurred while the member was engaged in, or did not result from the member having engaged in, a criminal enterprise, or from habitual drunkenness, addiction to narcotics, self-inflicted injury, or from voluntary or involuntary service in the Armed Forces of the United States (including the United States Merchant Marine), any of its allies or any other foreign country. (3) Notwithstanding the provisions of section 2-211(d) and section 2-211(e), no disability pension shall, at the time of commencement, exceed the member's rate of earnings. (4) To assist the board in making disability determinations, the city shall provide the executive director with city job descriptions and qualifications, related salary ranges, and other appropriate information as requested. (5) Continuation of a disability pension, whether granted before or after the enactment of this division, shall be subject to all the provisions of this section 2-211, including review and determination of the member's eligibility for a disability pension. (c) Qualification for disability pension. (1) A member shall not qualify for a disability pension as hereinafter provided unless one (1) or more duly licensed and practicing physician(s) appointed by the executive director has determined that the member is not capable of performing the essential functions of the positions identified under section 2-211(a)(i) and section 2-211(a)(ii.). Determination of the existence of disability shall not be made until ninety (90) days after the date such disability is alleged to have commenced, and benefits shall not commence before the first day of the month following the month in which such ninety -day period ends. (2) The executive director shall have the appointed physician(s) conduct an annual medical examination after a disability pension has been granted (unless deemed not necessary by the executive director due to the member's medical condition) and at any other time deemed necessary by the board in order to determine whether the disability is continuing. The fund will pay the expenses for medical examinations directed by the executive director or board. To continue to receive a disability pension, the member shall submit to any medical examination required by the executive director or board. (3) If at any time the board is in reasonable doubt as to whether the member is disabled as above defined, it may suspend the disability pension until the doubt is resolved, which shall occur within a reasonable time. Any disability pension shall be terminated upon the board's determination that the member is not disabled as defined in section 2-211(a). (4) No disability pension coverage shall be provided during a service break in excess of ninety (90) consecutive days unless the service break was caused by sickness or accident leading to total disability. (5) The disability pension specified herein shall not be payable during any period for which wages are received from the city, the State of Texas or any other division of Ordinance No. 20008-12-2011 Page 23 of 39 government while performing the duties of a firefighter or peace officer. (6) Falsification or omission on any part of the employment application of prior conditions or injuries for which a disability pension is or has been sought, falsification or omission on any part of the disability pension application, or falsification or omission in connection with the continuation of a disability pension shall constitute grounds for denial of a disability pension or for revocation of any disability pension previously granted. (7) The board's determination on all matters concerning the granting, refusing or revoking of a disability pension shall be final and conclusive on all parties, and no appeal can be made therefrom. A member is entitled to a reasonable hearing (at which the member may appear in person, with or by a representative, or in writing) before the board makes its determination. (8) No disability pension shall be granted (or continued) while the member is working for the city; provided however, a member may be granted a disability pension if the executive director or the board has been informed by the city that the member's employment is about to be terminated by the city because of the member's inability to perform the essential functions of the member's position. Any such disability pension granted under this section 2-211(c)(8) shall not become effective until the month after the member has stopped working for the city. (9) Except as otherwise provided by law, to be eligible to continue receiving a disability pension, a member must have complied with the medical recommendations (including rehabilitation therapy and treatment) as prescribed by the member's treating physician(s), the physician(s) appointed by the executive director and/or the Texas Rehabilitation Commission. (d) Disability in line of duty. (1) For police officers, fire fighters and members hired prior to July 1, 2011, who are not police officers or fire fighters: a. For purposes of section 2-211(d)(1) a member is defined as a police officer, fire fighter, and a member hired prior to July 1, 2011, who is not a police officer or fire fighter. b. If a member as defined in section 2-211(d)(1)a., whether or not vested, becomes disabled as above defined while in line of duty, the member shall receive an annual life pension, the amount of which shall be the specified percentage of the member's compensation base multiplied by the member's total years of credited service which would have accrued if the member had worked to the member's normal retirement date, but not less than two hundred fifty dollars ($250.00) per month. For purposes of the preceding sentence, the specified percentage of the member's compensation base shall be two and seventy-five one -hundredths (2.75) percent, unless the member is already eligible to retire on or after the member's normal retirement date, in which case the specified percentage shall be three (3.0) percent. Ordinance No. 20008-12-201 1 Page 24 of 39 (2) For members hired on or after July 1, 2011, who are not police officers or fire fighters: a. For purposes of section 2-211(d)(2), a member is defined as a member hired on or after July 1, 2011, who is not a police officer or a firefighter. b. If a member as defined by section 2-211 (d)(2)a., whether or not vested, becomes disabled as above defined while in line of duty, the member shall receive an annual life pension, the amount of which shall be the specified percentage of the member's compensation base multiplied by the member's total years of credited service which would have accrued if the member had worked to the member's normal retirement date, but not less than two hundred fifty dollars ($250.00) per month. For purposes of the preceding sentence, the specified percentage of the member's compensation base shall be two and twenty-five one -hundredths (2.25) percent, unless the member is already eligible to retire on or after the member's normal retirement date, in which case the specified percentage shall be two and fifty one -hundredths (2.50) percent. (e) Disability not in line of duty. (1) For police officers, fire fighters and members hired prior to July 1, 2011, who are not police officers or fire fighters: a. For purposes of section 2-211(e)(1)b. a member is defined as a police officer, fire fighter, and a member hired prior to July 1, 2011, who is not a police officer or fire fighter. b. If a vested member as defined in section 2-211(e)(1)a., becomes disabled as above defined while not in line of duty, the member shall receive an annual life pension, the amount of which shall be the specified percentage of the member's compensation base multiplied by the member's total years of credited service to date of actual retirement. For purposes of the preceding sentence, the specified percentage of the member's compensation base shall be two and seventy-five one -hundredths (2.75) percent, unless the member is already eligible to retire on or after the member's normal retirement date, in which case the specified percentage shall be three (3.0) percent. If a member becomes disabled while not in the line of duty before the member is vested, then such member shall be entitled to receive a contribution refund in accordance with section 2-208(a)(1). (2) For members hired on or after July 1, 2011, who are not police officers or fire fighters: a. For purposes of section 2-211(e)(2)b. a member is defined as a member hired on or after July 1, 2011, who is not a police officer or fire fighter. b. If a vested member as defined by section 2-211(e)(1)a., becomes disabled as above defined while not in line of duty, the member shall receive an annual life pension, the amount of which shall be the specified percentage of the member's compensation base multiplied by the member's total years of credited service to date of actual retirement. For purposes of the preceding sentence, the specified percentage of Ordinance No. 20008-12-201 1 Page 25 of 39 the member's compensation base shall be two and twenty-five one -hundredths (2.25) percent, unless the member is already eligible to retire on or after the member's normal retirement date, in which case the specified percentage shall be two and fifty one hundredths (2.50) percent. If a member becomes disabled while not in the line of duty before the member is vested, then such member shall be entitled to receive a contribution refund in accordance with section 2-208(b)(1). (f) Recovery from disability. If the board determines that a disabled member receiving a disability pension hereunder is no longer disabled as above defined, the member's disability pension shall immediately cease. If such member is re-employed by the city immediately following such determination by the board, the member's fund membership shall be reinstated as of the date of such re-employment, with full credited service to the date of disability. The member shall receive no additional credited service for the period of disability, provided however, that such period of disability shall be used to determine attainment of normal retirement date and special retirement date. If such member is not re-employed by the city immediately following certification of recovery, the member shall be considered as a terminated fund member and shall have no further interest in the fund other than a refund of any excess of the member's total contributions, plus regular interest (at the regular interest rate in effect on the date of any refund), less the amount already received from the member's cash balance account, if applicable, over the total of disability payments made to the member; provided, however, that if such member had a vested interest in pension credits as of the date of which the member was certified disabled, the member shall receive a vested termination pension from the later of the date of certification of recovery or attainment of the vested retirement date under this division equal to the amount which would have been payable under the provisions of section 2-208 had the member terminated employment on the date the disability pension began. Any death benefits thereafter shall be determined in accordance with section 2-212 (g) Report of earned income or net earnings from self-employment. Any disabled member who has not attained normal retirement date or special retirement date and who is receiving a disability pension shall submit to the executive director prior to May 1 of each year following disability retirement a copy of the member's signed income tax return filed for the preceding year, with all attachments thereto, along with all tax returns and attachments for all of the member's affiliated entities, including, but not limited to, partnerships, corporations or other entities in which the member, or any relative, owns any interest, including community or separate property, and for which the member performs any services, whether compensated or not, as proof of the member's earned income and net earnings from self-employment for that year obtained from any occupation or employment. At the end of the first year of disability retirement and by May 1 of each subsequent year, a disabled member shall also submit to the executive director an affidavit on the executive director's approved form swearing that the member's earned income and net earnings from self-employment are fully disclosed on the tax returns provided to the executive director and that the disabled member has not received any other compensation, directly or indirectly, for services rendered by the disabled member, nor performed any services for which the member received no compensation except as disclosed in the affidavit, including amounts paid to other affiliated entities for the benefit of the disabled member or to any relative of the disabled member. If the Internal Revenue Service has approved an extension to file a tax return and the tax return has not been filed by May 1, the member shall provide the executive director with a copy of the extension by May 1, and a copy of the tax return with all attachments Ordinance No. 20008-12-2011 Page 26 of 39 and the related affidavit, within two (2) weeks after the tax return has been filed. If the member's total receipt of earned income, net earnings from self-employment, and city disability retirement benefits exceed the annualized base hourly rate of pay the member would have made during that same tax year had he or she remained employed by the city in the same position then, as soon as practicable, the board shall reduce the amount of disability benefits to be paid to the member. In reducing a member's disability pension due to such excess earnings, the board shall consider the member's then current earnings, and attempt to recover the cumulative excess earnings and preclude excess earnings in the future. In the event that a member's disability pension is reduced in excess of the amount required, the board shall pay such excess to the member. For purposes of section 2-211(g), base hourly rate of pay shall not include overtime, acting, assignment, holiday, longevity, educational incentive, safety award, incentive, shift differential or any other special or premium pay. The board shall withhold a member's disability pension upon the member's failure to submit on a timely basis the required income tax returns with all attachments thereto and related documents. If the member subsequently provides the required documentation by the end of the calendar year in which the return was due, the board shall cause the member's disability pension to be reinstated, subject to the other provisions of this division and including the payment of any previously withheld amounts, without interest. If the member fails to provide the required documentation by the end of the calendar year in which the return was due, the member's disability pension shall be terminated and the member shall not be entitled to any payment for the period during which the documentation was not provided. For purposes of section 2-211(g), any amounts paid to a member's affiliated entity in connection with the performance of services by the member shall constitute "earned income," and any attempt to circumvent the limitations under this division on earned income and net earnings from self-employment through the use of affiliated entities shall be grounds for the board to terminate the member's disability pension. SECTION 9. Chapter 2, Article VI, Division 1, Section 2-212, ("Death Benefits") of the Retirement Ordinance is amended to read as follows: Sec. 2-212. - Death benefits. (a) While in line of duty. If a member dies before retirement while in line of duty and as a result of the performance of that member's duties, the surviving widow or widower shall be entitled to receive a monthly pension, the amount of which shall be seventy-five (75) percent of the member's pension, based on the number of years of credited service that would have accrued had the member lived to the member's normal retirement date, but not less than two hundred fifty dollars ($250.00). The surviving widow or widower shall also be entitled to the proceeds in the member's cash balance account and a dollar for dollar match of the proceeds in member's cash balance account plus a dollar for dollar match of the regular interest (at the regular rate in effect Ordinance No. 20008-12-2011 Page 27 of 39 on the date of such payment) on the proceeds in the cash balance account, if applicable. Each dependent child of such member under age eighteen (18) shall be entitled to receive a monthly pension, the amount of which shall be one hundred dollars ($100.00), provided however, that if no surviving widow or widower shall be entitled to receive a monthly pension pursuant to the terms of this division, all such dependent children shall share equally a monthly pension, the amount of which shall be seventy-five (75) percent of the member's pension, based on the number of years of credited service that would have accrued had the member lived to the member's normal retirement date, but not less than two hundred fifty dollars ($250.00), plus the proceeds in the member's cash balance account, and a dollar for dollar match of the proceeds in member's cash balance account plus a dollar for dollar match of the regular interest (at the regular rate in effect on the date of such payment) on the proceeds in the cash balance account, if applicable. If a member dies while in line of duty and leaves no widow or widower or children eligible to receive a benefit hereunder, but is survived by a dependent parent or parents, such dependent parents or the surviving dependent parent shall be entitled to receive a monthly pension, the amount of which shall be seventy-five (75) percent of the member's accrued pension projected to the member's normal retirement date, but not less than two hundred fifty dollars ($250.00), plus the proceeds in the member's cash balance account and a dollar for dollar match of the proceeds in member's cash balance account plus a dollar for dollar match of the regular interest (at the regular rate in effect on the date of such payment) on the proceeds in the cash balance account, if applicable. For purposes of section 2-212(a), a member's pension on or after normal retirement date shall be calculated using a multiplier of three (3.0) percent. (b) While not in line of duty. If a vested member dies before retirement, while not in the line of duty, the surviving widow or widower shall be entitled to receive a monthly pension, the amount of which shall be seventy-five (75) percent of the member's accrued pension but not less than one hundred fifty dollars ($150.00) ), plus the proceeds in the member's cash balance account, and a dollar for dollar match of the proceeds in member's cash balance account plus a dollar for dollar match of the regular interest (at the regular rate in effect on the date of such payment) on the proceeds in the cash balance account, if applicable. If a member was not vested on the date of death, the surviving widow or widower shall be entitled to the return of all contributions which the member paid into the fund during the member's life plus regular interest thereon (at the regular interest rate in effect on the date of any payment to the widow or widower). Each dependent child under eighteen (18) years of age of such vested member shall be entitled to receive a monthly pension, the amount of which shall be one hundred dollars ($100.00); provided, however, that if no surviving widow or widower shall be entitled to receive a monthly pension pursuant to the terms of this division, all such dependent children shall share equally a monthly pension, the amount of which shall be seventy-five (75) percent of the member's accrued pension, but not less than one hundred fifty dollars ($150.00), plus the proceeds in the member's cash balance accountand a dollar for dollar match of the proceeds in member's cash balance account plus a dollar for dollar match of the regular interest (at the regular rate in effect on the date of such payment) on the proceeds in the cash balance account, if applicable. If a member dies while in not line of duty and leaves no widow or widower or children eligible to receive a benetit hereunder. but is survived by a dependent parent or parents, such dependent parents or the surviving dependent parent shall be entitled to receive a monthly pension, the Ordinance No. 20008-12-2011 Page 28 of 39 amount of which shall be seventy-five (75) percent of the member's accrued pension projected to the member's normal retirement date, but not less than one hundred fifty dollars ($150.00), plus the proceeds in the member's cash balance account and a dollar for dollar match of the proceeds in member's cash balance account plus a dollar for dollar match of the regular interest (at the regular rate in effect on the date of such payment) on the proceeds in the cash balance account, if applicable. For purposes of section 2-212(b), a member's accrued pension shall be calculated using a multiplier of two and seventy-five one -hundredths (2.75) percent, unless the member had reached the member's normal retirement date prior to death, in which event the multiplier shall be three (3.0) percent. (c) After retirement. (1) For police officers, fire fighters and members hired prior to July 1, 2011, who are not police officers and fire fighters: a. For purposes of section 2-212(c)(1), a member is defined as a police officer, fire fighter, and a member hired prior to July 1, 2011, who is not a police officer or fire fighter. b. Upon the death of a member as defined in section 2-212(c)(1)a., the surviving widow or widower shall be entitled to receive a monthly pension, the amount of which shall be seventy-five (75) percent of the pension being paid to the member, provided that the member and surviving widow or widower had been married for at least one (1) year immediately prior to the member's retirement. Notwithstanding the preceding sentence, a surviving widow or widower who was not married to the deceased member for at least one (1) year immediately prior to the member's retirement shall be eligible to receive a monthly pension if the member has elected to receive a reduced monthly pension, on a form and subject to procedures developed by the executive director, within six (6) months after the member's completion of two (2) years of marriage to the member's spouse. The reduced monthly pension shall be actuarially determined in a manner that is actuarially neutral to the fund, based on actuarial tables in effect on the date of the member's election to receive a reduced monthly pension. If such an election has been made, the surviving widow or widower shall receive a monthly pension for life equal to seventy-five (75) percent of the member's reduced monthly pension. Upon the death of a member who was not married at retirement, a beneficiary designated by a member at retirement may be eligible to receive a monthly pension if the member has elected to receive a reduced monthly pension, on a form and subject to procedures developed by the executive director. The member's reduced monthly pension shall be actuarially determined in a manner that is actuarially neutral to the fund, based on actuarial tables in effect on the date of the member's election to receive a reduced monthly pension. If such an election has been made, the member's designated beneficiary shall receive a monthly pension for life equal to one hundred (100) percent, seventy-five (75) percent fifty (50) percent, or twenty-five (25) percent of the member's reduced monthly pension. If a member who was not married at retirement and who selected a designated beneficiary pursuant to this section later marries only the designated beneficiary would be entitled to receive a lifetime monthly Ordinance No. 20008-12-2011 Page 29 of 39 pension. c. Each dependent child under eighteen (18) years of age of such deceased Member shall be entitled to receive a monthly pension, the amount of which shall be One Hundred Dollars ($100.00) but shall cease upon the earliest of such child's death, marriage or attainment of age eighteen (18); provided, however, that if no surviving widow, widower, or designated beneficiary shall be entitled to a monthly pension pursuant to the terms of the Ordinance, all such dependent children shall share equally a monthly pension, the amount of which shall be seventy-five percent (75%) of the pension being paid to the Member at the time of his or her death. (2) For members hired on or after July 1, 2011, who are not police officers or fire fighters: a. For purposes of section 2-212(c)(2)., a member is defined as a member hired on or after July 1, 2011, who is not a police officer or fire fighter. b. Members who are married at retirement. Upon the death of a retired member as defined by section 2-212(c)(2)a. the surviving spouse of the member may be eligible to receive a monthly pension if the member has elected to receive a reduced monthly pension, on a form and subject to procedures developed by the executive director of the employees retirement fund. The member's reduced monthly pension shall be actuarially determined in a manner that is actuarially neutral to the fund, based on actuarial tables in effect on the date of the member's election to receive a reduced monthly pension. Notwithstanding the preceding, a surviving spouse who was not married to the deceased member at the time of the member's retirement shall be eligible to receive a monthly pension if the member has elected to receive a reduced monthly pension, on a form and subject to procedures developed by the executive director, within six (6) months after the member's completion of two (2) years of marriage to the member's spouse. The reduced monthly pension shall be actuarially determined in a manner that is actuarially neutral to the fund, based on actuarial tables in effect on the date of the member's election to receive a reduced monthly pension. The member can elect for his or her surviving spouse to receive either one -hundred (100) percent, seventy-five (75) percent, fifty (50) percent, or twenty-five (25) percent of the member's reduced monthly pension. c. Members who are not married on date of retirement:: Upon the death of a retired member as defined by section 2-212(c)(2)a., who was not married at retirement, a beneficiary designated by the member at retirement may be eligible to receive a monthly pension if the member has elected to receive a reduced monthly pension, on a form and subject to procedures developed by the executive director. The member's reduced monthly pension shall be actuarially determined in a manner that is actuarially neutral to the fund, based on actuarial tables in effect on the date of the member's election to receive a reduced monthly pension. The member can elect for his or her designated beneficiary to receive either one hundred (100) percent, seventy-five (75) percent fifty (50) percent, or twenty-five (25) percent of the member's reduced monthly pension. If a member who was not married at retirement and who selected a designated beneficiary pursuant to this section later marries only the designated Ordinance No. 20008-12-2011 Page 30 of 39 beneficiary would be entitled to receive a lifetime monthly pension. d. Each dependent child under eighteen (18) years of age of such deceased Member shall be entitled to receive a monthly pension, the amount of which shall be One Hundred Dollars ($100.00), but shall cease upon the earliest of such child's death, marriage or attainment of age eighteen (18) pursuant to the terms of the ordinance. (d) If a terminated member entitled to a pension under the provisions of section 2-208 dies before the member's pension commences, the member's designated beneficiary, or if none, the member's estate shall receive an amount equal to the member's total contributions to the fund, plus regular interest (at the regular interest rate in effect on the date of such payment), including any proceeds in the member's cash balance account, if applicable. If the vested member's years of age and years of credited service total at least sixty-five (65) as of the date of the member's termination, the member's eligible dependents shall receive the benefit specified under section 2- 212(b), based on the pension to which the member would have been entitled as of the date of the member's death, in lieu of the payment of contributions plus regular interest. If the member's years if age and service did not total at least sixty-five (65) as of the date of the member's termination, the member's eligible dependents may choose between the refund of contributions, the payment of the survivor benefit at the date the member would have been eligible to draw the benefit, or an immediate benefit at an actuarially reduced rate. If such terminated member dies after the member's pension commences, the member's eligible dependents shall receive the benefit specified under section 2-212(c). (e) General provisions. If a deceased member leaves no widow, widower, designated beneficiary, children or dependent parents eligible to receive a benefit hereunder, the member's total contributions, plus regular interest (at the regular interest rate in effect on the date of any such payment) less any amount previously paid to him or her from the fund, shall be paid to the member's estate. Payments to a child shall be made whether or not a widow, widower, designated beneficiary survives and shall continue after the death of a widow or widower, but shall cease upon the earliest of such child's death, marriage or attainment of age eighteen (18). Payments to a dependent parent shall cease upon such parent's death. For purposes of this division, a parent will be deemed to be dependent if the member provides over half of the parent's support. Payments to a widow, widower or designated beneficiary shall continue after remarriage, but shall cease upon the death of the widow, widower or designated beneficiary. Payments to a widow or widower forfeited due to remarriage under prior provisions of this section will be reinstated upon written request by the widow or widower, but no retroactive payments can be made. After payments cease, any excess of the member's total contributions, plus regular interest at date of death over disability and/or death benefits paid less any proceeds paid from the member's cash balance account, if applicable, shall be paid to the member's estate. Except as provided in section 2-212(d), death benefit coverage during service breaks in excess of ninety (90) consecutive calendar days shall be limited to members who are absent due to service - connected injury incurred while in the line of duty. Benefits hereunder shall he payable on the first day of each month commencing with the month Ordinance No. 20008-12-201 1 Page 31 of 39 following the one (1) in which the member's death occurs. The board shall determine all questions of dependency, and their determination shall be final and conclusive on all parties. All unmarried, legitimate and legally adopted children under the age of eighteen (18) years, in the absence of determination to the contrary, shall be considered dependent. SECTION 10. Chapter 2, Article VI, Division 1, Section 2-214, ("Administrations") of the Retirement Ordinance is amended to read as follows: Sec. 2-214. - Administration. (a) Board of trustees. The fund shall be administered by a board to be known as the "Board of Trustees of the Employees Retirement Fund of the City of Fort Worth" The board shall consist of thirteen (13) trustees designated as Place 1, Place 2, Place 3, Place 4, Place 5, Place 6, Place 7, Place 8, Place 9, Place 10, Place 11, Place 12, and Place 13, respectively. A trustee's term shall be for two (2) years, subject to Section 2-214(a)(1)(i), Section 2-214(a)(2)(i), and Section 2- 214(a)(3). Trustees shall be elected as follows: (1) Trustees elected by employees. Four (4) trustees who are vested, participating members of the Fund, as defined by Article 6243i of the Texas Revised Civil Statutes, shall be elected by the employees of the city, who are also members of the fund; said trustees shall serve in Places 1, 2, 3, and 4 respectively. Each of the trustees shall be elected by one of the employee groups as follows: Place 1. The trustee for Place 1 shall be elected from Group A, which shall consist of those members of the fund who are employed as police officers as defined by this Chapter. Only members of the fund who qualify for Employee Group A shall be eligible to vote for a nominee for Place 1. Only members of the fund who qualify for Employee Group A shall be eligible to serve on Place 1 of the board. Place 2. The trustee for Place 2 shall be elected from Group B, which shall consist of those members of the fund who are employed as firefighters. Only members of the fund who qualify for Employee Group B shall be eligible to vote for a nominee for Place 2. Only members of the fund who qualify for Employee Group B shall be eligible to serve on Place 2 of the board. Place 3. The trustee for Place 3 shall be elected from Group C, which shall consist of those members of the fund who are assigned to work in the following departments: Water, , , Planning and Development, Budget ; Financial Management Services, City Manager, City Secretary, , , Human Resources, Internal Audit, Legal, and Municipal Court, including the Marshal's Office. Group C shall also include members of the fund assigned to work in the Police Department who are not eligible to vote in Place 1. Only members of the fund who qualify for Employee Group C shall be eligible to vote for a nominee for Place 3. Only members of the fund who qualify for Employee Group C shall be eligible to serve on Place 3 of the hoard. Ordinance No. 20008-12-2011 Page 32 of 39 Place 4. The trustee for Place 4 shall be elected from Group D, which shall consist of those members of the fund who are assigned to work in the following departments: IT Solutions, , Housing and Economic Development, , , Library, Parks and Community Service, Public Events, Public Health, Aviation, Code Compliance, , Equipment Services, and Transportation and Public Works. Group D shall also include members of the fund assigned to work in the Fire Department who are not eligible to vote in Place 2. Only members of the fund who qualify for Employee Group D shall be eligible to vote for a nominee for Place 4. Only members of the fund who qualify for Employee Group D shall be eligible to serve on Place 4 of the board. a. Term. In accordance with the nomination and election procedures prescribed in this section, trustees shall be elected to Places 1, 2, 3, and 4, and shall serve for a two (2) year term, subject to the following provisions. Trustees for Places 1 and 3 shall be elected every odd numbered year beginning in 2007, and shall serve from September 1 of such odd numbered year through August 31 of the next odd numbered year. Trustees for Places 2 and 4 shall be elected in 2007 to serve a term from September 1, 2007 through August 31, 2008. Thereafter, the Trustees for Place 2 and 4 shall be elected every even numbered year and shall serve from September 1 of such even numbered year through August 31 of the next even numbered year. Should the employment status of any employee elected trustee change so that said trustee is no longer a member of the employee group from which the trustee was elected, then said trustee shall automatically forfeit the office of trustee. Should a vacancy occur, for whatever reason, in Place 1, 2, 3, or 4, during the term thereof, then a majority of all trustees remaining on the board shall appoint to the board a qualified employee from the employee group whose place has been vacated, which qualified employee shall serve the remainder of the unexpired term; provided, however, that if, at the time the vacancy arises, more than one (1) year remains in the unexpired term, then in lieu of the board appointing a replacement trustee, there shall be an election pursuant to the nomination and election provisions set forth below, with the board making reasonable modifications in the dates and time frames for the nomination and election in light of the time of the vacancy. b. Method of nominating members for election. Nominations of members for election to the board of trustees shall be by petition only. Before May 31 of each election year, the executive director shall make available to employees of each employee group eligible to vote in the scheduled election petition forms with written instructions. Petitions containing the names of nominees shall be returned to the executive director prior to July 1 of said election year. Nominees may use copies of the petition form or may create their own petition forms, provided each page of each returned petition shall identify the name of the nominee, the department in which the nominee is employed, the employee group of which the nominee is a member, and the place on the board of trustees for which the employee is being nominated. No person's name shall be placed upon the official ballot as a nominee unless that person is nominated by petition. Said nominating petition must contain the signature and employee number of at least seventy-five (75) members of the employee group who are qualified to vote for said place on the date said petition is submitted to the executive director. Only those employees who are members of the fund shall be Ordinance No. 20008-12-201 1 Page 33 of 39 entitled to be listed upon the official ballot as a nominee. No person's name shall be placed upon the official ballot as a nominee for Place 1 unless that person is a member of Employee Group A. No person's name shall be placed upon the official ballot as a nominee for Place 2 unless that person is a member of Employee Group B. No person's name shall be placed upon the official ballot as a nominee for Place 3 unless that person is a member of Employee Group C. No person's name shall be placed upon the official ballot as a nominee for Place 4 unless that person is a member of Employee Group D. c. Method of electing member trustees. The executive director shall provide for an election procedure as authorized by the board, including but not limited to voting by mail, telephone, and electronic means, and which may be conducted by a third -party voting service. The executive director shall prepare an official ballot for each place, listing in alphabetical order according to surname the nominees for election to that place. If, however, there is only one (1) nominee for any place, there shall be no election for that place, and such nominee shall automatically be elected to the board of trustees. Only the names of those persons who are nominated by petition as prescribed herein shall be placed upon the official ballot. No person shall be elected as a trustee whose name does not appear upon the official ballot as a nominee. Ballots shall be made available to the members no later than July 20 of the election year. Each employee qualified to vote in said election shall vote for one (1) nominee only. Any ballot containing votes of two (2) or more persons, or for persons who are not nominees as prescribed herein, shall be declared invalid, and shall not be counted. All ballots must be cast no later than August 15. Votes cast by written ballot must be returned no later than August 15 of the election year. If the ballot is returned by mail, the envelope must be postmarked by August 15 of the election year. The executive director or a designated third party shall tabulate all votes for all nominees. The nominee for each place who receives a majority of the votes cast for that place shall be declared elected to the board of trustees. Following the tabulation of votes, the executive director shall submit the results to the board of trustees at a meeting to be held before September 1 of said election year, at which time the board shall canvass the results of said election and certify which nominees are elected to the board of trustees. If, at the time of canvassing said results, the nominee receiving the majority of votes for said place is no longer eligible to serve on the place to which that nominee was elected, then the nominee finishing second in the election shall be certified by the board as elected to the board of trustees. If there is more than one (1) nominee and no nominee receives a majority of the votes cast for any one (1) place, or if there is a tie for any one (1) place, then a run-off election shall be held, with ballots made available to the members qualified to vote for that place no later than September 1 of the election year, and in the same manner as prescribed for the first election. Only the names of candidates who tied for the highest number of votes cast for that place in the first election, or the two (2) candidates who received the highest number of votes with neither having a majority of votes cast for that place, shall be printed on the ballot for the run-off election. All ballots for the second election must be cast by September 20 of the election year. Votes cast by written ballot must he returned by September 20. If a ballot is returned by mail, the Ordinance No. 20008-12-2011 Page 34 of 39 envelope must be postmarked by September 20. The executive director or a designated third party shall tabulate the votes for the candidates in the run-off election. The candidate receiving the highest number of votes cast for that place in the run-off election shall be declared elected to the board of trustees. In the event of a tie vote at the second election, the candidates who tie shall cast lots in the presence of the board of trustees to determine which one (1) shall be declared elected. Following the tabulation of votes in the run-off election, and the casting of lots in case of ties, the executive director shall submit the results of same to the board of trustees at a meeting to be held before November 1 of said election year, at which time the board shall canvass the results of the run-off election and certify which nominees are elected to the board of trustees. If, at the time of canvassing the results of the run-off election, the nominee elected to serve on said board is no longer eligible to serve on the place to which he or she was elected, then the nominee finishing second in the election shall be certified by the board as elected to the board of trustees. (2) Trustees elected by retired members. Place 5. The trustee for Place 5 shall be elected by Retiree Group B, which shall consist of those retired members of the fund from Employee Group B. Only members of the fund who qualify for Retiree Group B shall be eligible to vote for a nominee for Place 5. Only members of the fund who qualify for Retiree Group B shall be eligible to serve on Place 5 of the board. Place 6. The trustee for Place 6 shall be elected by Retiree Group A, which shall consist of those retired members of the fund from Employee Group A. Only members of the fund who qualify for Retiree Group A shall be eligible to vote for a nominee for Place 6. Only members of the fund who qualify for Retiree Group A shall be eligible to serve on Place 6 of the board. Place 7. The trustee for Place 7 shall be elected by Retiree Group C, which shall consist of those retired members of the fund from Employee Groups C and D. Only members of the fund who qualify for Retiree Group C shall be eligible to vote for a nominee for Place 7. Only members of the fund who qualify for Retiree Group C shall be eligible to serve on Place 7 of the board. a. Term. In accordance with the nomination and election procedures prescribed in this section, a trustee shall be elected to Places 5, 6 and 7, and shall serve for a two- year term. The Trustee for Place 6 shall be elected to serve a term from September 1, 2007 through August 31, 2008. Thereafter, the Trustee for Place 6 shall be elected every even number year and shall serve from September 1 of such even numbered year through August 31 of the next even numbered year. Trustees for Places 5 and 7 shall be elected every odd numbered year beginning in 2007, and shall serve from September 1 of such odd numbered year through August 31 of the next odd numbered year. Should a trustee for Place 5, 6, or 7 return to city employment and again become an employee member of the fund, the trustee shall automatically forfeit the office of trustee for Place 5, 6, or 7. Should a vacancy occur in Places 5, 6 or 7, during the term thereof, then a majority of all trustees remaining on the hoard shall appoint to the Ordinance No. 20008-12-201 1 Page 35 of 39 board a retired member of Retiree Group A if the vacancy occurs in Place 6, a retired member of Retiree Group B if the vacancy occurs in Place 5, or a retired member of Retiree Group C if the vacancy occurs in Place 7, to serve the remainder of the unexpired term. b. Nomination of retiree members for election. Nomination of the retired members for election to the board shall be by letter of nomination only. Before May 31 of each election year, the executive director shall make available to retired members official letter of nomination forms with written instructions. Copies of the letter of nomination may be used. Completed letters of nomination shall be returned to the executive director prior to July 1 of each election year. Each returned letter of nomination shall identify the retired member being nominated for the place for which the retired member is being nominated and must contain the signature and the last four digits of the Social Security Number of the retired member making the nomination. Any member of Retiree Group A receiving at least twenty-five (25) nominations from Retiree Group A shall be considered a nominee for election to Place 5 on the board. Any retired member of Retiree Group B receiving at least twenty-five (25) nominations from Retiree Group B shall be considered a nominee for election to Place 6 on the Board. Any member of Retiree Group C receiving at least twenty-five (25) nominations from Retiree Group C shall be considered a nominee for election to Place 7 on the board. No person shall be placed on the ballot as a nominee unless the person is a retired member who is nominated by the process detailed above. c. Election of retiree board members. The executive director shall provide for an election procedure as authorized by the board, including but not limited to voting by mail, telephone, and electronic means, and which may be conducted by a third -party voting service. The executive director shall prepare official ballots for the election of the retiree board members, listing the nominees in alphabetical order by surname. Ballots for election of the retiree board members shall be made available to all retired members in Retiree Group A, B and C no later than July 20. If there is only one (1) nominee for Place 5, there shall be no election for Place 5, and the one (1) nominee shall automatically be elected to the board of trustees. If there is only one (1) nominee for Place 6, there shall be no election for Place 6, and the one (1) nominee shall automatically be elected to the board of trustees. If there is only one (1) nominee for Place 7, there shall be no election for Place 7, and the one (1) nominee shall automatically be elected to the board of trustees. No person shall be elected as trustee whose name does not appear on the official ballot as a nominee. To be considered valid, a ballot must be cast no later than August 15 of the election year. Votes cast by written ballot must be returned no later than August 15 of the election year. If the ballot is returned by mail, the envelope must be postmarked by August 15 of the election year. Each retired member qualified to vote in the election shall vote for one (1) nominee only. Any ballot containing votes for two (2) or more persons, or for persons who are not nominees as provided herein, shall be declared invalid and shall not be counted. The executive director or a designated third party shall tabulate all votes for all nominees. The nominees for each place receiving a majority of votes cast shall be declared elected to the board of trustees. Following the tabulation of votes, the executive director shall submit the results of same to the board of trustees meeting to Ordinance No. 20008-12-2011 Page 36 of 39 be held before September 1 of the election year, at which time the board shall canvass the results of the election and certify which nominees are elected to the board of trustees. If, at the time of canvassing the results, a nominee receiving the majority of votes is no longer eligible to serve, then the retiree receiving the second highest number of votes from the appropriate retiree group will fill Place 5, 6 or 7 on the board. That member shall serve from September 1 of the election year through August 31 of the next election year for that Place. If there is more than one (1) nominee for a place and no nominee receives a majority of the votes cast, or if there is a tie, then a run-off election shall be held, with ballots made available to the retired members for that place no later than September 1 of the election year and in the same manner as prescribed for the first election. Only the names of candidates who tied for the highest number of votes cast for that place in the first election, or the two (2) candidates who received the highest number of votes with neither having a majority of votes cast, shall be printed on the ballot for the run-off election. All ballots for the second election must be cast by September 20 of the election year. Votes cast by written ballot must be returned by September 20 of the election year. If a ballot is returned by mail, the envelope must be postmarked by September 20 of the election year. The executive director or a designated third party shall tabulate the votes for the candidates in the run-off election. The candidate receiving the highest number of votes cast in the run-off election shall be declared elected to the board of trustees. In the event of a tie vote at the second election, the candidates who tie shall cast lots in the presence of the board of trustees to determine which one (1) shall be declared elected. Following the tabulation of votes in the run-off election, and the casting of lots in case of ties, the executive director shall submit the results of same to the board of trustees at a meeting to be held before November 1 of said election year, at which time the board shall canvass the results of the run-off election and certify which nominees are elected to the board of trustees. If, at the time of canvassing the results of the run-off election, the nominee elected to serve on said board is no longer eligible to serve, then the retiree receiving the second highest number of votes from the appropriate Retiree Group will f Place 5, 6 or 7 on the board. That member shall serve from September 1 of the election year to August 31 of the next election year for that place. Board members appointed by the City Council. Place 8. The trustee for Place 8 shall be a resident of the City of Fort Worth. A person appointed under this subsection may not be a member of the City Council. The trustee for Place 8 shall be appointed by a majority vote of the City Council to serve a term initially commencing September 1, 2007 and ending August 31, 2008. Thereafter, the person appointed by City Council shall serve a term of two (2) years (unless removed sooner by a majority vote of the City Council) commencing on September 1 of every even numbered year and ending August 31 of the next even numbered year. Should a vacancy occur in Place 8, then City Council, by majority vote, shall appoint another eligible resident of the City of Fort Worth to serve the remainder of the unexpired term. Ordinance No. 20008-12-2011 Page 37 of 39 Place 9. The trustee for Place 9 shall be a resident of the City of Fort Worth. A person appointed under this subsection may not be a member of the City Council. The trustee for Place 9 shall be appointed by a majority vote of the City Council to serve a term of two (2) years (unless removed sooner by a majority vote of the City Council) commencing on September 1 of every odd numbered year through August 31 of the next odd numbered year. Should a vacancy occur in Place 9, then City Council, by a majority vote, shall appoint another eligible resident of the City of Fort Worth to serve the remainder of the unexpired term. Place 10. The trustee for Place 10 shall be a resident of the City of Fort Worth. A person appointed under this subsection may not be a member of the City Council. The trustee for Place 10 shall be appointed by a majority vote of the City Council to serve a term initially commencing on September 1, 2007, and ending August 31, 2008. Thereafter, the person appointed by City Council shall serve a term of two (2) years (unless removed sooner by a majority vote of the City Council) commencing on September 1 of every even numbered year through August 31 of the next even numbered year. Should a vacancy occur in Place 10, then City Council, by a majority vote, shall appoint another eligible resident of the City of Fort Worth to serve the remainder of the unexpired term. Place 11. The trustee for Place 11 shall be a resident of the City of Fort Worth. A person appointed under this subsection may not be a member of the City Council. The trustee for Place 11 shall be appointed by a majority vote of the City Council to serve a term of two (2) years (unless removed sooner by a majority vote of the City Council) commencing on September 1 of every odd numbered year through August 31 of the next odd numbered year. Should a vacancy occur in Place 11, then City Council, by a majority vote, shall appoint another eligible resident of the City of Fort Worth to serve the remainder of the unexpired term. Place 12. The trustee for Place 12 shall be a resident of the City of Fort Worth. A person appointed under this subsection may not be a member of the City Council. The trustee for Place 12 shall be appointed by a majority vote of the City Council to serve a term initially commencing September 1, 2007, and ending August 31, 2008. Thereafter, the person appointed by City Council shall serve a term of two (2) years (unless removed sooner by a majority vote of the City Council) commencing on September 1 of every even numbered year and ending on August 31 of the next even numbered year. Should a vacancy occur in Place 12, then City Council, by a majority vote, shall appoint another eligible resident of the City of Fort Worth to serve the remainder of the unexpired term. Place 13. The trustee for Place 13 shall be the Chief Financial Officer of the City of Fort Worth. Should a vacancy occur in Place 13, then City Council, by a majority vote, shall appoint a qualified person to serve until a new chief financial officer is appointed. Ordinance No. 20008-12-201 1 Page 38 of 39 SECTION 11. This ordinance shall be cumulative of all ordinances of the City of Fort Worth, which shall remain in full force and effect except to the extent that provisions of this Ordinance are in direct conflict with the provisions of such other ordinances, in which case the conflicting provisions of such other ordinances are hereby repealed. SECTION 12. If any provision, section, paragraph, sentence, clause or phrase 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 ordinance. SECTION 13. The City Council finds that all acts, conditions and things required by provisions of the Constitution of Texas and 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. SECTION 14. This ordinance shall be in full force and effect from and after its adoption. AND IT IS SO ORDAINED: ADOPTED: December 13, 2011 EFFECTIVE: December 13, 2011 APPROVED AS TO FORM AND LEGALITY: G / (-----h_,'-- f___ t - i--- / ' 71C.,,- ,7,7 Laetitia Coleman Brown Assistant City Attorney Ordinance No. 20008-12-2011 Page 39 of 39 City of Fort Worth, Texas Mayor and Council Communication •ace<•M. 1„, •'WNW'080RRaVERFAmPs :N., ..a•.•.MA.,,V,:'",.d ®r. ,. ..• teas. . @.,... a sa:.e:. COUNCIL ACTION: Approved on 12/13/2011 - Ordinance No. 20008-12-2011 W • Wak.'�, •. w.M.....M ...>•* t.a. •_ � .. � � . .�..,...., ��, . �_:: �...�:.. DATE: Tuesday, December 13, 2011 LOG NAME: 12PENSION 2011 SUBJECT: Adopt Ordinance Amending the Following Sections of Chapter 2, Article VI, Division 1, of the City Code, Entitled Employees Retirement Fund, Sections 2-201, 2-202, 2-205, 2-207, 2-208, 2-209, 2-210, 2-211, 2- 212 and 2-214 (ALL COUNCIL DISTRICTS) REFERENCE NO.: **G-17469 RECOMMENDATION: It is recommended that the City Council adopt the attached ordinance that amends Chapter 2, Article VI, Division 1 of the City Code, entitled "Employees Retirement Fund" as follows: 1. Amend Section 2-201 to add the terms and definitions for line of duty and vested retirement date, to delete the terms and definitions for trust agreement, trustee, and vested termination date, and to substitute new definitions for alternative pension benefit, base pension, credited service, drop account, earnings, normal retirement date, and vested termination pension. 2. Amend Section 2-202 to delete reference to disability retirement and to add the benefit eligibility procedures for vested employees who terminate and then return to service with the City of Fort Worth; 3. Amend Section 2-205 to add procedures for the cash balance account; 4. Amend Section 2-207 to correct section references and to add eligibility procedure for the cash balance account match upon retirement; 5. Amend Section 2-208 to add procedures for the cash balance account, to clarify the provisions of the section, and to correct the age for vested termination pension; 6. Amend Section 2-209 to add procedures for the cash balance account; 7. Amend Section 2-210 to clarify the provisions of the section, to codify the Retirement Fund's requirement for eligibility for a cost of living adjustment, and to delete section (c) which has been moved to another section of the ordinance; 8. Amend Section 2-211 to correct section references, to clarify provisions of the section, and to add procedures related to the cash balance account; 9. Amend Section 2-212 to add provisions related to the cash balance account, to reinstate the dependent child benefit, to clarify provisions related to the survivor benefit, and to correct an error related to dependent parent benefits for a member who dies while not in the line of duty; and 10. Amend Section 2-214 to provide for changes in departments for employee trustee elections, and to delete sections related to the Board of Trustees that are preempted by state law requirements. Logname: 12PENSION 2011 Page 1 of 2 DISCUSSION: On December 6, 2011, the City Council received Informal Report No. 9453 in anticipation of these proposed amendments to the Retirement Ordinance. The changes are administrative in nature and do not change existing benefits. On March 22, 2011, the City Council passed an amendment to the Retirement Ordinance which established an overtime cash balance account for general employees hired after July 1, 2011. The new amendments related to the cash balance account will provide the procedures for the administration of the cash balance account. Additional amendments will clarify sections of the Retirement Ordinance, and correct other sections to provide clarity for the administration of the Plan. Finally, the amendments delete provisions of the Retirement Ordinance which provide requirements for the Retirement Office Staff and for the Retirement Fund Board of Trustees since Article 6243i of the Texas Revised Civil Statutes grants that power exclusively to the Retirement Fund Board of Trustees. FISCAL INFORMATION / CERTIFICATION: The Financial Management Services Director certifies that this action will have no material effect on City funds. FUND CENTERS: TO Fund/Account/Centers FROM Fund/Account/Centers CERTIFICATIONS: Submitted for Citv Manager's Office bv: Oriainatina Department Head: Additional Information Contact: Susan Alanis (8180) Sarah Fullenwider (7606) Laetitia Brown (6639) Logname: 12PENSION 2011 Page 2 of 2