HomeMy WebLinkAboutOrdinance 13674ORDINANCE NO.
AN ORDINANCE AMENDING ORDINANCE NOS 2999, 4060, 4250, 4304, 4354, 4430,
4860, 4861, 4873, 4875, 5226, 5259, 6393, 6556, 7056, 7317, 7875, 8674, 8843, 9247, 9532,
10081, 10291, 10369, 10385, 10564, 10607, 10679, 11126, 11238, 11401, 11412, 11558, 11608,
11716, 12686, 13428, 13 543 and 13 6 7 3 CODIFIED AS CHAPTER 2, ARTICLE VI,
DIVISION 1, ENTITLED "EMPLOYEES' RETIREMENT FUND," OF THE CODE OF THE
CITY OF FORT WORTH (1986), AS AMENDED, WHICH ORDINANCES ESTABLISH
AND PROVIDE FOR A RETIREMENT SYSTEM, RETIItEMENT PLAN AND BENEFITS
THEREUNDER FOR EMPLOYEES OF THE CITY OF FORT WORTH, PROVIDING FOR
AN INCREASE IN MANDATORY MEMBER CONTRIBUTIONS BY 1 3%, PROVIDING
THAT A MEMBER'S COMPENSATION BASE SHALL BE DETERMINED BASED ON THE
THREE CALENDAR YEARS IN WHICH HE OR SHE HAD THE HIGHEST EARNINGS
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH,
TEXAS
That Ordinance No 2999, passed and adopted by the City Council of the City of Fort
Worth on the 24th day of September, A.IJ 1952, as amended by Ordinance Nos. 4060, 4250,
4304, 4354, 4430, 4860, 4861, 4873, 4875, 5226, 5259, 6393, 6556, 7056, 7317, 7875, 8674,
8843, 9247, 9532, 10081, 10291, 10369, 10385, 10564, 10607, 10679, 11126, 11238, 11401,
11412, 11558, 11608, 11716, 12686, 13428, 13543 and 13673 be and the same is hereby
amended as follows.
SECTION 1
That Chapter 2, Article VI, Division 1, Section 2-203, "Members' Contributions," of the
Code of the City of Fort Worth (1986), as amended, be and is hereby further amended by deleting
Section A, and substituting the following language in lieu thereof, to wit:
"A. Commencing on the effective date of membership and continuing
until the date of actual retirement or earlier termination of
employment, Police Officer Members shall contribute to the Fund
seven and forty-three one-hundredths percent (7 43%) of their
Earnings and all other Members shall contribute .six and ninety-five
one-hundredths percent (6 95%} of their Earnings. Effective for
pay periods ending after April 1, 1999, Police Officer Members
shall contribute to the Fund eight and seventy-three one-hundredths
percent (8 73%) of their Earnings and all other Members shall
contribute eight and twenty-five one-hundredths percent (8.25%) of
their Earnings. These contributions shall be made even if to do so
would reduce a Member's net cash compensation below the
minimum wage prescribed by law By accepting employment with
the City, each Member shall be deemed to consent and agree to
deductions made from the Member's compensation; and payments
to all such Members of compensation, less the deduction, shall
constitute a full and complete discharge of all claims and demands
whatsoever for services rendered by such Member during the
period covered by such payment, except as to the benefits provided
by the Fund."
SECTION 2
That Chapter 2, Article VI, Division 1, Section 2-207, "Compensation Base for
Determining Benefits," of the Code of the City of Fort Worth (1986), as amended, be and is
hereby further amended by deleting it in its entirety and substituting the following language in lieu
thereof, to wit:
"2.207 COMPENSATION BASE FOR DETER~NG BENEFITS
Pension, death, disability and Vested termrnatron benefits shall be based upon the
Member's Compensation Base which shall mean the average Earnings which were
paid to the Member by the City for employment with the City durrng any five (5)
calendar years in which he or she had the highest Earnings. If a Member's last day
2
of employment with the City is on or after January 1, 1999, "three (3)" shall be
substituted for "five (5)" in the preceding sentence. 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
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."
SECTION 3
That provisions of this Ordinance shall be cumulative of and in addition to all other
ordinances of the City of Fort Worth relating to pensions, which ordinances are hereby preserved
and continued in force and effect; provided, however, that in the event of any conflict, the
provisions of this Ordinance shall control.
SECTION 4
If any provision, section, part, subsection, sentence, clause, phrase or paragraph of this
Ordinance be declared invalid or unconstitutional, the same shall not affect any other portion or
provision hereof, and all other provisions shall remain valid and unaffected by any invalid portion,
if any, and the City Council now says that if it had known at the time of the passage of this
Ordinance that any portion of said Ordinance was invalid, it would not have adopted such invalid
part.
SECTION 5
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 6
This Ordinance .shall be m full force and effect from and after April 1, 1999 and it is so
ordained.
APPROVED AS TO FORM AND LEGALITY
CITY ATTO
DATE. ~ - ~ r ~J y
ADOPTED• / -S- q ~/
VEDALOI :BOA485/58000/55192.1
City of Fort Worth, Texas
~1-~Ayar And Caunc~l Cammun~cAt~an
DATE REFERENCE NUMBER LOG NAME PAGE
1/5/99 G-12428 13RETIRE-3 1 of 1
SUBJECT ADOPTION OF ORDINANCE AMENDING THE RETIREMENT ORDINANCE TO
INCREASE MEMBER CONTRIBUTIONS BY 1 3% OF EARNINGS AND TO CHANGE
THE METHOD OF CALCULATION OF PENSION BENEFITS
RECOMMENDATION
It is recommended that the City Council adopt the attached amendment to the City Retirement
Ordinance.
DISCUSSION
The Board of Trustees of the Retirement Fund recommends that the attached amendment to the City
Retirement Ordinance be adopted The ordinance increases member contributions to the Retirement
Fund by 1.3% of earnings. The ordinance also changes the method of calculation of pension benefits
so that such calculations are based on a member's "high three" years of earnings, rather than the
current method which uses the "high five" years of earnings.
FISCAL INFORMATION/CERTIFICATION
The Finance Director certifies that no additional expenditures of City funds are required for this action
CB.j
Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by: (to)
APPROVED
Charles Boswell 8511
Originating Department Head: CITY CnUNC~L
Jim Keyes 8517 (from) JAN 5
Additional Information Contact: ,~., ~~~J
City Secretary of the
Tosaa`
h
George Nicolaides 536-6790 .
Citq of Fart V9ort
Adopted O~i~~~~ ~.o. 3