1993M5- TMRS RESTRICTED PRIOR SERVICE CREDIT
-
ORDINANCE NO, 93.m-IJ?-_,,:?_
AN ORDINANCE
AUTHORIZING AND ALLOWING. UNDER THE ACT
GOVERNING THE TEXAS MUNICIPAL RETIREMENT
SYSTEMS, 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; ESTABLISHING AN
EFFECTIVE DATE AND DECLARING AN EMERGENCY.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SCHERTZ.
TEXAS:
SECTION 1. Authorization of Restricted Prior Service
Credit.
(a) On the terms 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 "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 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
computing the annuity payments allowable to the member, and
may not be used in other computations, including computation
of Updated Service Credits.
(bl A member seeking to establish
service credit under this ordinance must
required under said Section 853.305 while
of this City.
restricted prior
take the action
still an employee
SECTION 2, Emergency and Effective Date.
The public importance of this measure constitutes and
creates an urgent public necessity requlrlng that this
ordinance be passed and take effect as an emergency measure;
and shall take effect and be in force on the 1st day
of__J.flJ,::vttfl..j I 19 '} 3
PASSED, APPROVED AND
.~r~
tL
ADOPTED this the __. )9 __._ .__ day of
, 19 <} .'7
/ ~~.
~~ty of Scher
ATTEST:
(SEAL OF CITY)
T MRS-PSC/Restricted
(6-1991)
TEXAS MUNICIPAL RETIREMENT SYSTEM
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
TEXAS CITIES FOR WHICH SUCH EMPLOYEES HAVE
NOT RECEIVED CREDITED SERVICE; AND
ESTABLISHING AN EFFECTIVE DATE FOR THE
ORDINANCE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SCHERTZ, TEXAS:
Section 1. Authorization of Restricted Prior Service Credit.
(a) On the terms 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 "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 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 computing 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.
of
Section 2, Effective Date. This ordinance shall be and become effective on the 1st day
19 .
Passed and approved this the
day of
,19
ATTEST:
APPROVED:
City Secretary or Clerk
Mayor