HomeMy WebLinkAboutOrdinance No. 916 ORIGINAL
CITY OF 'ITIE COLONY, "lr~,.$
AN ORDINANCE AUTHORIZING AND ALLOWING,
UNDER THE ACT GOVERNING THE TEXAS MUNICIPAL
RETIREMENT SYSTEM, RESTRICTED PRIOR SERVICE
CREDIT TO EMPLOYEES WHO ARE MEMBERS OF THE
SYSTEM FOR SERVICE PREVIOUSLY PERFORMED FOR
VARIOUS OTHER PUBLIC ENTITIES FOR WHICH THEY
HAVE NOT RECEIVED CREDITED SERVICE; AND
ESTABLISHING AN EFFECTIVE DATE FOR THE
ORDINANCE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF THE COLONY,
TEXAS:
Section 1. Authorization of Restricted Prior Service Credit.
(a) On the terms and conditions set out in Sections 853.305 of Subtitle G of
Title 8, Texas Government Code, as amended (hereinafter referred to as the "TMRS
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 of the entities described in said Section 853.305 provided that (1) the person does
not otherwise have credited service in the System for that service, and (2) the service
meets the requirements of said Section 853.305.
(b) The service credit hereby granted may be used only to satisfy length-of-
service requirements for retirement eligibility, has no monetary value in computing the
annuity payments allowable to the member, and may not be used in other computations,
including computation of Updated Service Credits.
(c) 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 become effective on the first day of ..~-~/~/L//~
1996. . · ,
PASSED AND APPROVED this the 18th day of December, 1995.
Ordinance No,
TMRS Restricted Prior Service Credit Page 1 of 2
W'lliam W. Manning~
ATTEST:
Patti A. Hicks, TRMC, City Secretary
APPROVED AS TO FORM:
City Attorney
Ordinance No.
TMRS Restricted Prior Service Credit
Page 2 of 2