HomeMy WebLinkAbout1071 12-10-1991CRDINANCE NO. 1071
AN ORDINANCE AUTHORIZING AND ALLOWING, UNDER THE ACT
GOVERNING THE TEXAS MUNICIPAL RETIREMENT SYSTE, RESTRICTED
PRIOR SERVICE CREDIT TO EMPLOYEES WHO ARE MEMBERS OF THE
SYSTEM FOR SERVICE PREVIOUSLY PERFORMED FOR TEXAS CITIES FOR
WHICH SUCH EMPLOYEES HAVE NOT RECEIVED CREDITED SERVICE; AND
EXTABLISHING AN EFFECTIVE DATE FOR THE ORDINANCE.
Section 1. Authorization of Restricted Prior Service Credit.
(a) On the terns and conditions set out in Section 853.305 of Subtitle G
of Title 8, V.T.C.A., Government Code, as amended (hereinafter referred to as
the 11= Act "), each member of the Texas Municipal Retirement System
(hereinafter referred to as the "System ") who is now or who hereafter becomes an
employee of this City shall receive restricted prior service credit for service
previously performed as an employee of any incorporated city or town in this
state and for which the person has not otherwise received credited service in
the System. The service credit hereby granted may be used only to satisfy
length -of- service requirements for retirement eligibility, has no monetary value
in =puting the annuity payments allowable to the member, and may not be used
in other computations, including computation of Updated Service Credits.
(b) A member seeking to establish restricted prior service credit under
this ordinance must take the action required under said Section 853.305 while
still an employee of this City.
Section 2. Effective Date. This ordinance shall be in full force and
effect from and after its passage and publication as provided by the Euless City
Charter and the laws of the State of Texas.
PRESFN= AND GIVEN FII7.ST AND FINAL READING at a regular meeting of the
Euless City Council on the 10th day of December, 1991, by a vote of 6 ayes,
0 nays, and 0 abstentions.
Harold D. Samuel c, Mayor
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