HomeMy WebLinkAboutOrd 989 - ORD Granting Special Prior Service Credit under the TMRS
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ORDINANCE NUMBER 989
AN ORDINANCE PROVIDING FOR, AND GRANTING, 'lSPECIAL PRIOR
SERVICE CREDITll UNDER THE TEXAS MUNICIPAL RETIREMENT SYSTEM
TO QUALIFYING EMPLOYEES OF THE CITY OF WEST UNIVERSITY PLACE,
TEXAS.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY
OF WEST UNIVERSITY PLACE, TEXAS:
Section l. Each person who is an employee of the City of West
University Place on the 3lst day of December, 1972, and who at said date is a
member of the Texas Municipal Retirement System and who holds in said System an
effective prior service certificate granted by reason of service performed for
this City prior to its participation in said System, shall be allowed and is
hereby granted (upon the terms and conditions prescribed by Section XV of
Article 6243h, Vernonls Texas Civil Statutes as amended by Chapter 371, Acts of
the Regular Session, 61st Legislature) a I'Specia1 Prior Service Credit'l in an
amount equivalent to the accumulation at interest, as provided in said Act, of
a series of monthly payments of five percent (5%) of the member IS llaverage prior
service compensationll for the number of months of prior service certified to in
such memberls prior service certificate. The special prior service credit here-
in provided for shall be in addition to the prior service credit heretofore
allowed such member.
Section 2. Any person who was employed by the City of West University
Place prior to December 3l, 1972, whose membership in Texas Municipal Retirement
System by reason of such service has not terminated, and who on said date is
absent from service in the employment of the city, shall be entitled to special
prior service credit in the amount he would have been allowed under Section 1
hereof had he been in active service on said date, provided such person again
becomes an employee of the city before termination of his said membership in
Texas Municipal Retirement System and within five years from the 31st day of
December, 1972, and provided such person thereupon continues as an employee of
a participating department of the City of West University Place for a period of
five (5) consecutive years.
PASSED AND APPROVED this 25th day of September, 1972.
Commissioners Voting Aye:
All
~~~ner5 Voting No:
Mayor Pro-Tem
None
ATTEST: