Ord. 0465 12-12-83ORDINANCE NO. 465
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, 1984, 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 antecedent 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 munici-
palities by reason of previous service, and was a contributing member
on January 1, 1983, 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
participating departments on account of current service shall be cal-
culated 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 up-
dated service credits granted hereby shall be and become effective on
the 1st day of January, 1984.
PASSEDSAND APPROVED ON FIRST READING this _f day of
04 ic,v-rr(e/eL//
ATTEST:
City Secretary,
, A. D., 1983:
C7 PA " SED AND APPROVED ON SECOND AND FINAL READING this
day o ���/ f �A. D., 1983.
ATTEST:
410 ,-
( Secretary
c4.1
_/ r
`"hfa`yor, City ot—Dearland, Texas
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