2022-060 - Allowing Employees of the Fire Department to Participate int he Texas Municipal Retirement System (TMRS)

Home Browse Search

WHEREAS, on August 8, 2022, the City passed and adopted Ordinance No. 2022-048, authorizing the issuance of the City of Paris, Texas Pension Bonds, Taxable Series 2022; and WHEREAS, the Mayor of the City and the Chairman of the Fire Fund Board have executed the Agreement Regarding Pension Obligation Bonds, dated August 8,2022; and WHEREAS, the City anticipates that the City of Paris, Texas Pension Bonds, Taxable Series 2022, will be issued and the proceeds of such Bond issuance will be deposited by the City as a City contribution to the Fire Fund in mid-September 2022, so that the anticipated Amended Plan Effective Date will be October 1, 2022; and WHEREAS, the City desires to have the Fire Employees begin participating in TMRS effective on October 1, 2022, or as soon as possible thereafter as allowed under the TMRS Act if the Amended Plan Effective Date is later than October 1, 2022; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS: SECTION 1. The City Council of the City of Paris, Texas, on behalf of the City, hereby exercises its option and elects to have the Fire Department's Fire Employees (defined above) participate in TMRS as provided in the TMRS Act and on the same basis upon which employees of the City now and hereafter participate in TMRS. In the following provisions of this Ordinance, the "effective date" means October 1, 2022, provided, however, that if the Amended Plan Effective Date is later than October 1, 2022, then the "effective date" will mean the first day of the month after the Amended Plan Effective Date, unless the Amended Plan Effective Date is the first day of a month, in which case the Amended Plan Effective Date and the "effective date" of this Ordinance shall be the same date. SECTION 2. All existing and future employees of the City's Fire Department who, on or after the effective date of this Ordinance, receive compensation from the City and are engaged in an appointive office or position with the City that normally requires services from the person for not less than 1,000 hours per year shall be and are hereby required to become members of the System.