Ord. 0436 12-28-81ORDINANCE NO. 436
AN ORDINANCE AUTHORIZING AND ALLOWING, UNDER THE
ACT GOVERNING THE TEXAS MUNICIPAL RETIREMENT SYS-
TEM, "UPDATED SERVICE CREDITS" IN SAID SYSTEM FOR
SERVICE PERFORMED BY. QUALIFYING MEMBERS OF SUCH
SYSTEM IN THE EMPLOYMENT OF THE CITY OF PEARLAND,
AND ESTABLTSHING 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, 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, 1982, by reason of ser-
vice 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 (calcu-
lated 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 110B, 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 up-
dated service credits granted hereby shall be and become effective
on the 1st day of January, 1982.
PASSED AND APPROVED ON FIRST READING this �� day of
A. D., 1981.
Mayor, City of Pearland, Texas
ATTEST:
City Secretar
PASSED AND APPROVED ON SECOND AND FINAL READING this
day of i"l j'te-C-1iieZlc%2-. , A. D . , 1 981 .
ATTEST:
Mayor, City of Pearland, Texas
-2-