HomeMy WebLinkAboutOrd 1521 - prior service credit TMRS
ORDINANCE NO. 1521
AN ORDINANCE AUTHORIZING AND ALLOWING, UNDER THE ACT GOVERNING
THE TEXAS MUNICIPAL RETIREMENT SYSTEM, RESTRICTED PRIOR SERVICE
CREDIT TO EMPLOYEES WHO ARE MEMBERS OF THE SYSTEM FOR SERVICE
PREVIOUSLY PERFORMED FOR VARIOUS OTHER PUBLIC ENTITIES FOR WHICH
THEY HAVE NOT RECEIVED CREDITED SERVICE; AND ESTABLISHING AN
EFFECTIVE DATE FOR THE ORDINANCE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF WEST UNIVERSITY
PLACE, TEXAS:
Section 1,
Authorization of Restricted Prior Service Credit.
(A). On the terms and conditions set out in Sections 853,305 of Subtitle G of Title 8,
Texas Government Code, as amended (hereinafter referred to as the"TMRS Act") each member of
the Texas Municipal Retirement System (hereinafter referred to as the "System") who is now or
who hereafter becomes an employee of this City shall receive restricted prior service credit for
service previously perfonned as an employee of any of the entities described in said section 853.305
provided that (1) the person does not have credited service in the System for that service, and (2)
the service meets the requirements of said Section 853,305,
(B) The service credit hereby granted may be used only to satisfY length-of service
requirements for retirement eligibility, has no monetary value in computing the annuity payments
allowable to the member, and may not be used in other computations, including computation of
Updated Service Credits,
(C) A member seeking to establish restricted prior service credit under this ordinance
must take the action required under said Section 853.305 while still an employee of the City of West
University Place, Texas,
Section 2,
This ordinance shall become effective on the first day of January, 1996,
PASSED AND APPROVED ON FIRST READING, this e'lY of fl~hdL-, 1995.
Voting Aye:
Voting Nay
Absent:
I,
PASSED AND APPROVED ON SECOND READING, this _ day of
, 1995.
Voting Aye:
Voting Nay
Absent:
ATTEST,
Sig&C t,~~4.L
Bill Watson
Mayor
APP~O~ T~ FORM
'" ~~ 2) lr-
~
II Kaylynn Holloway
City Secretary
Jim Dougherty
City Attorney
I (SEAL)
I
\
I[
ORDINANCE NO. 1521
AN ORDINANCE AUTHORIZING AND ALLOWING, UNDER THE ACT GOVERNING
I THE TEXAS MUNICIPAL RETIREMENT SYSTEM, RESTRICTED PRIOR SERVICE
CREDIT TO EMPLOYEES WHO ARE MEMBERS OF THE SYSTEM FOR SERVICE
PREVIOUSLY PERFORMED FOR VARIOUS OTHER PUBLIC ENTITIES FOR WHICH
THEY HAVE NOT RECEIVED CREDITED SERVICE; AND ESTABLISHING AN
EFFECTIVE DATE FOR THE ORDINANCE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF WEST UNIVERSITY
PLACE, TEXAS:
Section 1.
Authorization of Restricted Prior Service Credit.
(A), On the terms and conditions set out in Sections 853,305 of Subtitle G of Title 8,
I
,I Texas Government Code, as amended (hereinafter referred to as the"TMRS Act") each member of
the Texas Municipal Retirement System (hereinafter referred to as the "System") who is now or
: I who hereafter becomes an employee of this City shall receive restricted prior service credit for
i service previously performed as an employee of any of the entities described in said section 853,305
I! provided that (1) the person does not have credited service in the System for that service, and (2)
the service meets the requirements of said Section 853,305,
(B) The service credit hereby granted may be used only to satisfY length-of service
requirements for retirement eligibility, has no monetary value in computing the annuity payments
i allowable to the member, and may not be used in other computations, including computation of
i I Updated Service Credits,
II (C) A member seeking to establish restricted prior service credit under this ordinance
must take the action required under said Section 853,305 while still an employee of the City of West
I University Place, Texas,
Section 2,
This ordinance shall become effective on the first day ofJanuary, 1996,
//4 /7
PASSED AND APPROVED ON FIRST READING, this L day of ,,6/Pchd.c.-, 1995.
Voting Aye
Voting Nay
Absent.
PASSED AND APPROVED ON SECOND READING, this _ day of
,1995.
Voting Aye:
Voting Nay
Absent:
ATTEST,
Sign1J f .
l1J,j./ (,-.~-t~G
Bill Watson
Mayor
APP'O~ Trj FORM
'" j~~r-
Jim Dougherty
City Attorney
Kaylynn Holloway
City Secretary
(SEAL)