1994M20- TMRS
ORDINANCE NO. 9'-f-/J1-W
AN ORDINANCE
ALLOWING CERTAIN EMPLOYEES OF THE CITY OF
SCHERTZ, TEXAS WHO HAVE TERMINATED PREVIOUS
MEMBERSHIPS IN TEXAS MUNICIPAL RETIREMENT
SYSTEM, TO DEPOSIT THE SUMS SO WITHDRAWN,
PLUS ANNUAL WITHDRAWAL CHARGES, AND ALLOWING
AND UNDERTAKING THE COST OF ALLOWING ANY
SUCH EMPLOYEE CREDIT IN SUCH SYSTEM FOR ALL
SERVICE TO WHICH SUCH EMPLOYEE HAD BEEN
ENTITLED AT DATE OF SUCH WITHDRAWAL, WITH
LIKE EFFECT AS IF ALL SUCH SERVICE HAD BEEN
PERFORMED AS AN EMPLOYEE OF THE CITY OF
SCHERTZ.
WHEREAS, the actuary of the Texas Municipal Retirement
System has determined that all obligations charged against
the City's account in the municipality accumulation fund,
including the obligations arising as a result of this
ordinance, can be funded by the City within its maximum
contribution rate and within its amortization period; and
WHEREAS, the City Council has determined that adoption
of this ordinance is in the best publiC interest for the
City to have its employees participate in the Texas
Municipal Retirement System as hereinafter provided; NOW,
THEREFORE,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SCHERTZ,
TEXAS:
SECTION 1. Pursuant to Section B53.004 of subtitle G
of Title B, V.T.C.A., Government Code, as amended, the City
of Schertz hereby elects to allow any member of the Texas
Municipal Retirement System who is an employee of this City
as of the /0 day of (Jo1.tlS} 1994, who has
terminated a previous membership in said System by
withdrawal of deposits while absent from service, but who
has at least 24 months of credited service as an employee of
this City since resuming membership to deposit with the
System in a lump sum the amount withdrawn, plus a withdrawal
charge of five percent (5%) of such amount for each year
from date of such withdrawal to date of redeposit, and
thereupon such member shall be allowed credit for all
service to which the member had been entitled at date of
termination of earlier membership, with like effect as if
all such service had been rendered as an employee of this
City, whether so rendered or not. The City agrees to
underwrite and hereby assumes the obligations arising out of
the granting of all such credits, and agrees that all such
obligations and reserves required to prOVide such credits
shall be charged to this city's accounting in the
municipality accumulation fund. The five percent (5%) per
annum withdrawal charge paid by the member
deposited to the credit of the City's account
municipality accumulation fund; and the deposits
amount previously withdrawn by the member shall be
to his or her individual account in the employees'
fund of the System.
shall be
in said
of the
credited
savings
SECTION 2. This ordinance shall become effective on
the / {, day of fl-oq. (I S'} , 1994. which is a
date on or after the date set forth in Section 1. above.
First readinq approved the ---1- day of 1}"9't/<;T. 1994.
PASSE~ APPROVED AND ADOPTED this the / ./ b day
-(;'1 () C,I . 1994. ~/
y:Lt /~'~t~.
of
Mayor, City of Schertz, Texas
ATTEST:
TMRS-H
TEXAS MUNICIPAL RETIREMENT SYSTEM
AN ORDINANCE ALLOWING CERTAIN EMPLOYEES OF THE CITY WHO HAVE TERMINATED
PREVIOUS MEMBERSHIPS IN TEXAS MUNICIPAL RETIREMENT SYSTEM, TO DEPOSIT THE
SUMS SO WITHDRAWN, PLUS ANNUAL WITHDRAWAL CHARGES, AND ALLOWING AND
UNDERTAKING THE COST OF ALLOWING ANY SUCH EMPLOYEE CREDIT IN SUCH
SYSTEM FOR ALL SERVICE TO WHICH SUCH EMPLOYEE HAD BEEN ENTITLED AT DATE
OF SUCH WITHDRAWAL, WITH LIKE EFFECT AS IF ALL SUCH SERVICE HAD BEEN
PERFORMED AS AN EMPLOYEE OF TH~CITY. '" f '>c h'(' "- t-L
WHEREAS, the actuary of the Texas Municipal retirement System has determined that all obligations charged
against the City's account in Jhe municipality accumulation fund, including the obligations arising as a result of this
ordinance, can be funded by the City within its maximum contribution rate and within its amortization period; and
WHEREAS, the City Council has determined that adoption of this ordinance is in the best interests of the City, now
therefore,
WHEREAS, the City Council of the City of Schertz, Texas, finds that it will be in the public interest for the city to
have its employees participate in the Texas Municipal Retirement System as hereinafter provided; now, therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF SCHERTZ, TEXAS:
Section 1: Pursuant to Section 853.004 of Subtitle G of Title 8, V.T.C,A., Government Code, as amended, the City of
Schertz hereby elects to allow any member of the Texas Municipal Hetirement System who is an employee of this City of
the _ day of ,19_*, who has terminated a previous membership in said System by withdrawal
of deposits while absent from service, but who has at least 24 months of credited service as an employee Df this City since
resuming membership to deposit with the System in a lump sum the amount withdrawn, plus a withdrawal charge of five
percent (5%) of such amount for each year from date of such withdrawal to date of redeposit, and thereupon such member
shall be allowed credit for all service to which the member had been entitled at date of termination of earlier membership,
with like effect as if all such service had been rendered as an employee of this City, whether so rendered or not. The City
agrees to underwrite and hereby assumes the obligations arising out of the granting of all such credits, ani. agrees that all
such obligations and reserves required to provide such credits shall be charged to this city's accounting1;lhe municipality
accumulation fund. The five percent (5%) per annum withdrawal charge paid by the member shall be deposited to the
credit of the City's account in said municipality accumulation fund; and the deposits of the amount previously withdrawn ;by
the member shall be credited to his or her individual account in the employees' savings fund of the System.
Section 2: This ordinance shall be become effective on the
on or after the date set forth in Section 1, above,
day of
, 19_*, which is a date
Passed and approved this the
day of
,19 .
ATTEST:
APPROVED:
Mayor
City Secretary or Clerk
*THIS DATE MUST BE THE ACTUAL DATE OF THE ORDINANCE'S FINAL ADOPTION.
ORDINANCE NO.
94-M-20
AN ORDINANCE ALLOW-
fNG CERTAIN EM-
PLOYEES OF THE CITY
OF SCHERTZ, TEXAS
WHO HAVE TERMINAT-
ED PREVIOUS MEMBER-
SHIPS IN TEXAS MUNICI-
PAL RETIREMENT SYS-
TEM, TO DEPOSIT THE
SUMS SO WITHDRAWAL
tHARGES, AND ALLOW-
ING SUCH EMPLOYEE
CREDIT IN SUCH SYS-
TEM FOR ALL SERVICE
:to WHICH SUCH EM-
PLOYEE HAD BEEN ENTI-
TLED AT DATE OF SUCH
WITHDRAWAL, WITH
LIKE EFFECT AS IF ALL
SUCH SERVICE HAD
BEEN PERFORMED AS
;t.N EMPLOYEE OF THE
:CITY OF SCHERTZ,
Passed, approved and
:adopted the 18th day of
tAu-
! gust 1994,
,June G. Krause,
City Secretary
ORDINANCE NO.
94-M-20
AN ORDINANCE ALLOW-
ING CERTAIN EM-
PLOYEES OF THE CITY
OF SCHERTZ, TEXAS
WHO HAVE TERMINAT-
ED PREVIOUS MEMBER- '
SHIPS IN TEXAS MUNICI- "
PAL RETIREMENT SYS-
TEM, TO DEPOSIT THE
SUMS SO WITHDRAWAL
CHARGES, AND ALLOW-
ING SUCH EMPLOYEE
CREDIT IN SUCH, SYS-
TEM FOR ALLSERV'CE
TO WHICH SUCH EM.
PLOYEE HAD BEEN ENTI-
TLED AT DATE OF SUCH
WITHDRAWAL, WITH
LIKE EFFEC:t AS IF ALL
SUCH SERVICE HAD
BEEN PERFORMED AS
AN EMPLOYEE OF THE
CITY OF SCHERTZ.
Passed, approved and
adopted the 16th day of
Au-
gust 1994.
June G. Krause,
City Seeretary
') ~-. ';y c:j
/
I
PUBLISHERtS AFFIDAVIT
THE STATE OF TEx..A.S,
COUIltv of GuadaluDe
- .
Before me, the undersigned authority, on this date personally
appe2Ied ,.~,\ F~tl n~ known to me, who, bein~ by me
duly s".;,,-orn, on his oath deposes and says that he is the publisher or
The Seguin Gazette-Enterprise, a newspaper published in said county;
that a copy of the within and foregoing AY9-{1 ~ was published. in
said newspaper :J
tim es before the retlL-r-n day n::>med therein,
s'-,- 'h uub1icatioIl.S bei",z ontl,e followiT1z dates:
fu ' - - - ,;J,
/;>r:--':
L;< J
/c/.?
and a newspaper copy of wbich is hereto at'"..ached.
0/ . CJjj
~- '-f=i
Sworn to and subscribed before me, tbisLd.. day o~ AD., 19 '7 V
A,.~,~i"~iI\
, l"'~)" ~ '<~1~'~ MARGARET L. CLARKSON
.; ~.t7" ::.~ NotarvPulJIt,Statll()!Te~,
\. ~"'~,' i My Commitiion Exp"l!'S Jan 14, 1998
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7n~ / ('//f ~L?~
No . C, Guadalupe ~unty, Texas
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