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HomeMy WebLinkAboutOrdinance 2750 AN ORDIXICR AXQ1DING, SUBDIVISION "D," SECTION 5 OF ORDIXANCB NO. 26660 BEI14G AN ORDINAN:Z RSTAHLISHING A R&TIMENT PENSION SYMOK FOR CERTAIN,OIFICM AND MMM= OF TIM CITY OF FORT WORTH, 14AKING =- SHIP IAMATOR " EXCEPT AS TO RMUS Off" CERTAIN D3- PARTMOM, PROVIDING CO IBUTIONS TO RETIMMM FMW BY THE CITY AND THS OFFICERS AND XMOYZZS ice. ARE MMXRS OF THE PENSION SYSTM, A'(7TTT PUZIN APPRO- PRIATTONS HY THS CITY COUNCIL TO PROVIM TRZ CONTRIBU- TIONS TO BE X46DE BY TM CITY, CRBA,TTNG A RETIREMENT BOARD TO AMNISTAR TAB SYST19 AND MINING TERMS, B CHANCING THLA PROVISIOM IN'TBR SUBDIVISION OF SAID SECTION WITH RESPECT' TO THE RETIREMOT OF MMIMM OF THE PENSION FUND AFTER THEY HAVE RPACIIBD THE Aid OR 8IXTY-FIVE (65) YEARS; REPEALING PROVISIONS OF ORDI- RANGES IN CONFLICT RKRFBf`ITH; PRISGRIBING A SAVINGS CLAWS; AND PROVIDING TH&T THIS ORDINANCE SBA,U TA6 :EFFECT VROU AND ATTER TER DATE OF ITS PASSAGE. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, SECTION 1. That Subdivision IIDrr of Section S of Ordinance No. 2666 be amended, and, after being so amended, it shall read as follows D. One year after the effective date of the Fund,; any member of the Fund who has reached the age of sixty (60) years and has been continuously employed by the City for more than twenty-five (25) years may, at his option., retire from the service of the City upon a retirement payment, as hereinabove provided, based upon his age at retirement. Re- tirement for all City employees, whether members or not, shall be compulsory at the age of sixty-five (6'5), subject to both of the following conditions 1. The employee may be permitted to continue in the service if he so desires; and 2. If his services are still valuable to the City. Whether or not the services of a member of the Pension; Fund are valuable to the City after he has reached the age of sixty-five (65) years shall be determined by the City Manager and the head of his department, if he is under the supervisionof the City Manager; otherwise, the determine- tion sha ll, be made by the governing board of the department its which he is employed. If the services of the member have been found to be valuable to the City in the way and mennor hereinbefore stipulated, such determination shall be certified to the Pension Hoard and he'may continue= in the service of the City as long as his services are valuable to the City; provided, however, that there must be asps- oific finding at least once each fiscal ,year thereafter of the fact that his said services are valuable to the City and prosper certification made to the Pension Board, and if said finding of fact is Act made as herein provided, he shall be automatically retired. %h SECTION G If any provision, section, part, subsection, sentence, clause phrase or paragraph of this ordinance be declared invalid or uncon- stitutional, the same shall not affect any other portion or provi- sion bereof, and all other provisions shall remain valid and unaf- fected by any invalid portion, if any, and the City Council now says that if it had known at the time of the passage of this ordinance that any portion of said ordinance was invalid it would not have adopted such invalid part. SECTION 3. This ordinance shall be cumulative of all other ordinances re- lating to retirement pension systems of the City of Fort Worth except where the provisions of this ordinance are in direct conflict with the provisions of those ordinances in which instance those provisions are hereby expressly repealed.. SECTION 4.. This ordinance shall take effect and be in full force and effect from and after the date of its passage, and it is so ordained. .PRP 4D AS TO L� :62'4.4".' ,. P City Attorney