HomeMy WebLinkAboutResolution 4104-07-2012A Resolution
NO. 4104 -07 -2012
TO NOTIFY THE BOARD OF TRUSTEES OF THE EMPLOYEES' RETIREMENT
FUND OF THE CITY OF FORT WORTH THAT THE FORT WORTH CITY
COUNCIL INTENDS TO CONSIDER AND VOTE ON AMENDMENTS TO THE
RETIREMENT ORDINANCE FOR NON -CIVIL SERVICE EMPLOYEES HIRED ON
OR AFTER JULY 1, 2011, POLICE OFFICERS AND NON -CIVIL SERVICE
EMPLOYEES HIRED PRIOR TO OCTOBER 23, 2002, AND POLICE OFFICERS
HIRED ON OR AFTER JANUARY 1, 2013, THAT WILL REDUCE A NON - ACCRUED
BENEFIT PROVIDED BY THE RETIREMENT SYSTEM — FORT WORTH POLICE
OFFICERS ASSOCIATION PROPOSAL
Whereas, Article 62431 of the Texas Revised Civil Statutes applies to the Employees' Retirement Fund
of the City of Fort Worth, and
Whereas, Section 4.03 of Article 62431 of the Texas Revised Civil Statutes requires the City Council to
notify the Board of Trustees of the Employees' Retirement Fund of the City of Fort Worth of City
Council's intent to consider and vote on any amendment to the administrative rules governing the
Retirement Fund of the City of Fort Worth that would reduce a benefit provided by the retirement
system, and
Whereas, the City has adopted Resolution 4103 -07 -2012 to notify the Board of Trustees of its intent to
consider and vote on amendments to the administrative rules governing the Retirement Fund of the City
of Fort Worth that would reduce a benefit provided by the retirement system, and
Whereas, the City is currently in meet and confer negotiations with the Fort Worth Police Officers
Association; and
Whereas, the Association has proposed possible alternatives to be explored in lieu of the City
Manager's proposed benefit changes, including increases in Police Officer contributions to the Fund;
and
Whereas, the City Manager would like to study the alternatives proposed by the Fort Worth Police
Officers Association and provide recommendations to the City Council as they consider the City
Manager's proposed changes; and
Whereas, the City Council has indicated that equity among employee groups is important, so the City
Manager would like to evaluate the proposal by the Police Officers Association for police officers and
general employees simultaneously; and
AN
T
No. 4104 -07 -201
Whereas, if any of the alternatives proposed by the Fort Worth Police Officers Association become
desirable substitutions for certain benefit reductions proposed by the City, the City Council would like
the flexibility to consider these alternatives.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH, TEXAS:
That this Resolution serve as Notification to the Board of Trustees of the Employees' Retirement Fund
of the City of Fort Worth that the Fort Worth City Council intends to consider and vote on amendments
to the Retirement Ordinance, at a meeting to be held on or after October 16, 2012 :
1. For all Police Officers hired on or after January 1, 2013 as follows:
a. Modifying the vesting period from 5 to 10 years;
b. Establishing age of 55 as a minimum age to begin drawing retirement although
Police Officers would be allowed to separate after 25 years without penalty;
c. Capping maximum retirement benefit at 90% of compensation base that includes
overtime with a 12% year over year limitation on increases in the compensation
base.
2. For all Police Officers and Non -Civil Service Employees hired prior to October 23, 2002
as follows:
a. Applying the 12% year over year limitation on increases in the compensation base
for all service accrued on or after January 1, 2013.
3. For all General Employees hired on or after July 1, 2011, as follows:
a. Modifying the vesting period from 5 years to 10 years;
b. Capping maximum retirement benefit at 90% of compensation base that includes
overtime with a 12% year over year limitation on increases in the compensation
base.
Adopted this 1Oth day of July, 2012.
ATTEST:
By:
Mary Kayser, Cit cretary
WW01
ILA