Loading...
Ord. 0687 02-27-95ORDINANCE NO. 687 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 ANY INCORPORATED CITY IN THE UNITED STATES OR ANY COUNCIL OF GOVERNMENTS IN TEXAS FOR WHICH SUCH EMPLOYEES HAVE NOT RECEIVED CREDITED SERVICE IN THIS SYSTEM; AND ESTABLISHING AN EFFECTIVE DATE FOR THE ORDINANCE. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS: Authorization of Restricted Prior Service Credit. (a) On the terms and conditions set out in Sections 853.305 of Subtitle G of Title 8, V . T . C . A. , Government Code, as amended (hereinafter referred to as the "TRMS 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 the United States or of any Council of Governments in this State for which the person has not otherwise received credit service in this System, including combined service credit under Chapter 803. 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 sued in other computations, including computation of Updated Service Credits. (b) A member seeking to establish restricted prior service credit under this ordinance must take action required under said Section 853.305 while still an employee of this City. Effective Date. Subject to approval by the Board of Trustees of the System, this ordinance shall be and become effective on the 1st day of _� ' , 19 PASSED and APPROVED on First Reading this the of �.-•11.� , 19 ,9cs'. C.V. co MAYOR DAVID SMITH, MAYOR PRO TEM /3 day ORDINANCE NO. 687 ATTEST: �1J PAT JONES, C CITY SECRE ARY PASSED and APPROVED on Second and Final Reading this the 2--7 day of �[,� , 1995. ATTEST: CITY 3ECRETP TOMMIE JEAN VIAL INTERIM CITY SECRETARY APPRO D AS TO FORM: MO S ULLGH CI Y TO EY 2 MAYOR PRO-TEM DAVID SMITH