Ord. 0480 10-08-84ORDINANCE NO. 480
AN ORDINANCE AUTHORIZING AND ALLOWING, UNDER THE
ACT GOVERNING THE TEXAS MUNICIPAL RETIREMENT SYSTEM,
"UPDATED SERVICE CREDITS" IN SAID SYSTEM FOR SERVICE
PERFORMED BY QUALIFYING MEMBERS OF SUCH SYSTEM WHO
PRESENTLY ARE IN THE EMPLOYMENT OF THE CITY OF PEAR -
LAND; AND ESTABLISHING AN EFFECTIVE DATE FOR SUCH
ACTIONS.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS:
Section 1. Authorization of Updated Service Credits.
(a) On the terms and conditions set out in Sections 63.401
through 63.403 of Title 110B, Revised Civil Statutes of Texas, 1925,
as amended, each member of the Texas Municipal Retirement System who
has current service credit or prior service credit in said System in
force and effect on the 1st day of January, 1985, by reason of service
in the employment of the City of Pearland, and on such date has at
least 36 months of credited service with said system, shall be and is
hereby allowed "Updated Service Credit" (as that term is defined in
subsection (d) of Section 63.402 of said title) in an amount that is
100% of the "base Updated Service Credit" of the member (calculated
as provided in subsection (c) of Section 63.402 of said title). The
Updated Service Credit hereby allowed shall replace any Updated Service
Credit, prior service credit, special prior service credit, or ante-
cedent service credit previously authorized for part of the same service.
(b) On the terms and conditions set out in Section 63.601
of said title, any member of the Texas Municipal Retirement System who
is eligible for Updated Service Credits on the basis of service with
this City, and who has unforfeited credit for prior service and/or
current service with another participating municipality or municipalities
by reason of previous service, and was a contributing member on
January 1, 1984, shall be credited with Updated Service Credits pursuant
to, calculated in accordance with, and subject to adjustment as set
forth in said 63.601.
(c) In accordance with the provisions of subsection (d) of
Section 63.401 of said title, the deposits required to be made to the
Texas Municipal Retirement System by employees of the several partici-
pating departments on account of current service shall be calculated
from and after the date aforesaid on the full amount of such person's
earnings as an employee of the City.
Section 2. Effective Date. Subject to approval by the Board
of Trustees of the Texas Municipal Retirement System, the updated
service credits granted hereby shall be and become effective on the 1st
day of January, 1985.
PASSED and APPROVED ON FIRST READING this /f day of
74,/
ATTEST:
ity ecretary
, A. D., 1984.
fC/
Mayor, City o Pearland, Texas
PASSED and APPROVED ON SECOND AND FINAL READING this
day of (0(4pe0) , A. D., 1984.
ATTEST:
ity Secretary
1'
Mayor, City of Pearland, Texas
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