HomeMy WebLinkAbout387 12-08-1970ORDINANCE NO. 387
AN ORDINANCE PROVIDING FOR AND ALLOWING VESTING OF
CERTAIN RIGHTS, AND FOR RETIREMENT UNDER TEXAS MUNICIPAL
RETIREMENT SYSTEM OF EMPLOYEES OF THE CITY OF EULESS WHO
HAVE ATTAINED FIFTY YEARS OF AGE, AND HAVE COMPLETED
TWENTY -FIVE YEARS OF CREDITABLE SERVICE WITH SAID CITY.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF EULESS, TEXAS:
Effective on the 31st day of December, 1970, any employee of the
City of Euless who has attained the age of fifty (50) years, and who as an
employee of this City has completed twenty -five or more years of creditable
service for which he is entitled to credit in the Texas Municipal Retirement
System, and who has been a member of the System for one year or more, shall
be eligible for service retirement as provided in subsection 1(b), Section
VII of Article 6243h, Vernon's Texas Civil Statutes, as amended. Any such
employee who shall have completed twenty (20) years or more of creditable
service as an employee of said City shall continue as a member of Texas Munic-
ipal Retirement System despite subsequent absence from service for a period in
excess of sixty months, provided he does not withdraw his deposits during such
absence, and shall be eligible to retirement upon and after attainment of the
minimum age prescribed by the Act above mentioned.
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
APPf3II D 0 F
City Attor y
APPROVED:
Mayor
ITEM IV
Council Minutes
December 8, 1970