Ord. 0451 12-13-82ORDINANCE NO. 451
AN ORDINANCE AUTHORIZING AND ALLOWING, UNDER
THE ACT GOVERNING THE TEXAS MUNICIPAL RETIRE-
MENT SYSTEM, "UPDATED SERVICE CREDITS" IN SAID
SYSTEM FOR SERVICE PERFORMED BY QUALIFYING
MEMBERS OF SUCH SYSTEM IN THE EMPLOYMENT OF
THE CITY OF PEARLAND; 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 to 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, 1983, by
reason of service in the employment of the City of Pearland, and on
such datehasat 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) 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
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, 1983.
PASSED AND/APPROVED ON FIRST READING this 2 day of
c716-7A-c'o.a�/,c-Fti/, A. D., 1982.
ATTEST:
ATTEST:
Mayor, Cif of Pea and, Texas
.PASSED AND APPROVED ON SECOND AND FINAL READING this
day of �- 5 4 , A.D., 1982.
arty
City Secret
Mayor, City of Pearland, Texas