HomeMy WebLinkAbout91-289085
RESTRICTED PRIOR SERVICE
ORDINANCE NO. 91-2890
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 TEXAS CITIES
FOR WHICH SUCH EMPLOYEES HAVE NOT RECEIVED
CREDITED SERVICE; AND ESTABLISHING AN EFFECTIVE
DATE FOR THE- ORDINANCE.
Section 1. Authorization of Restricted 'Prior .Service .Credit.
a) On -.the terms and conditions set out in Section 853.305 of Subtitle G
of Title 8, V.T.C.A., 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 .performed as an employee of any incorporated city or
town in this state and for which the person has not otherwise received
credited service in the System. 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 .
b) 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 this City.
Section 2. .Effective .Date. This Ordinance shall be and become effective on
the 1st day of January. 1992.
THEREFORE, BE IT ORDAINED BY .THE CITY COUNCIL OF THE CITY OF
PLAINVIEW, TEXAS.
PASSED AND APPROVED this the .19th day of December, 1.991.
APPROVED: AS TO CONTENT:.
~~~~
~~ - - Terrence A. Powers, Director of Human
Resources
1of2
8fi
~ ~~ z
1S~~e~.aaaaS ~~t~ 4u~aga~ u peg
~ss~ss~
1Sau~o~~FT ~~t~ o~~H ~II~M
:r~~IO~ os s~ a~~o~Iaa~
,;,