HomeMy WebLinkAbout386 12-08-1970ORDINANCE NO. 386
AN ORDINANCE UNDERTAKING TO PROVIDE FOR, AND GRANTING
"ANTECEDENT SERVICE CREDIT" AND "SPECIAL PRIOR SERVICE
CREDIT" AT THE RATES HEREIN SPECIFIED, TO QUALIFYING
EMPLOYEES OF THE CITY OF EULESS, TEXAS.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF EULESS, TEXAS:
Each person who is an employee of the City of Euless on the 31st
day of December, 1970, and who is at that date a member of the Texas Muni-
cipal Retirement System shall be allowed, and, upon the terms and conditions
prescribed by Section XVI of Article 6243h, Vernon's Texas Civil Statutes,
as amended by Chapter 371, Acts Regular Session, 61st Legislature, is hereby
granted, effective on the date last above mentioned, "antecedent service
credit" (as that term is defined in said Act) calculated on the basis of
one hundred percent (100 %) of each current service deposit actually made
by such person with the Texas Municipal Retirement System during each month
of current service performed for this City prior to the 31st day of December,
1970.
9
Each person who is an employee of the City of Euless on the 31st
day of December, 1970, and who at said date is a member of the Texas Munici-
pal Retirement System and who holds in said System an effective prior service
certificate granted by reason of service performed for this City prior to its
participation in said System, shall be allowed and is hereby granted (upon
the terms and conditions prescribed by Section XV of Article 6243h, Vernon's
Texas Civil Statutes as amended by Chapter 371, Acts of the Regular Session,
61st Legislature) a "Special Prior Service Credit" in an amount equivalent
to the accumulation at interest, as provided in said Act, of a series of
monthly payments of five percent (5 %) of the member's "average prior service
compensation" for the number of months of prior service certified to in such
member's prior service certificate. The special prior service credit herein
provided for shall be in addition to the prior service credit heretofore
allowed such member.
Any person who was employed by the City of Euless prior to December
31, 1970, whose membership in Texas Municipal Retirement System by reason
of such service has not terminated, and who on said date is absent from service
in the employment of the City, shall be entitled to antecedent service credit
and to special prior service credit in the amount (if any) he would have
been allowed under Sections 1 and 2 hereof had he been in active service on
ITEM III
Council Minutes
December 8, 1970
said date, provided such person again becomes an employee of the City before
termination of his said membership in Texas Municipal Retirement System and
within five years from the 31st day of December, 1970, and provided such
person thereupon continues as an employee of a participating department of
the City of Euless for a period of five (5) consecutive years.
PRESENTED AND GIVEN FIRST READING on the 24th day of November
1970, at a regular meeting of the City Council of the City of Euless, Texas;
and given Second Reading, passed and approved on the 8th day of December ,
1970, by a vote of 4 ayes and 0 nays at a regular meeting of the City
Council of the City of Euless, Texas.
ATTEST:
City Secretary
APPROVED AS TO FORM:
APPROVED:
Mayor
ITEM III
Council Minutes
December 8, 1970