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HomeMy WebLinkAboutOrdinance No. 84-25 .,..m. ..,m. j,�� .�n.:;.'-... .w�.... ....... . yLQF �� � . ��-;�N� T M RS-J 1�,�,�� �'�,�n,� �;;� . TCXAS MUNICIPAL RETIREMENT SYSTEM ORDZ�IAI�ICE 84-25 AN ORDINANCE ALLOWING CERTAIN EMPLOYEES OF THE CITY, WHO PERFORMED OR HEREAFTER PERFORM ACTIVE SERVICE IN THE ARMED FORCES (OR THEIR RESEit�i L::, OR AUXILIARIES) OF 'fHE UNITED STATES UNDER HONORABLE CONDITIONS DURING PERIODS OF CONFLICT WITH FOREIGN FORCES, TO APPLY AND MAKE DEPOSITS F0�2, AND TO RECEIVE SPECIAL CREDIT WITH THE TEXAS MUNICIPAL RETIREMENT SYSTEM FOR LIMITED PORIIONS OF SUCH MILITARY SERVICE, AND PROVIDING FOR PAYMENT 8Y THE CITY OF ADDITIONAL DEPOSITS TO THE SYSTEM ON ACCOUNT OF SUCH �LRVICE CREDIT. �E IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FRIENDSVUOOD, TEXAS: Section 1. Pursuant to Subchapter F of Chapter 63, Title 110B, Revised Civil :�tatues of Texas, as amended, the City of Friendswood hereby elects to allow eligible �nembers in its employment to establish credit in the Texas Municipal Retirement System for�active military service performed as a member of the armed forces or armed forces reserves of the United States or an auxiliary of the armed forces or armed forces reserves, during a period in which the United States is or was involved in a state of conflict with foreign forces. Eligible members as used herein shall be those employees meeting the �riteria set forth in subsection (b) of Section 63.501 of said Subchapter F, and the amount and use of creditable military service shall be as further set forth in that Subchapter. Section 2. In order to establish credit for military service hereunder, a member �nust deposit with the Texas Municipal Retirement System (in that member's individual account in the Employees Saving Fund), before the first anniversary of the effective date uf this ordinance or before the first anniversary of the date the member becomes eligible to establish the credit (whichever is later) an amount equal to the number of months for which credit is sought, multiplied by $15.00, and the City must contribute an amount equal to the amount required of the member, multiplied by the City's current service matching ��ercentage in effect on the date the member applies for credit hereunder. The City of I�riendswood agrees to pay into its account in the Municipality Accumulation Fund all sums �t�ich become due hereunder as a result of the granting of such credit. Section 3. This ordinance shall become effective on the 2 lst day of �;inuary , 19 85, which is a date on or after the first day of January, 1982. �>�>ED AND APPR.�VED on first read�ng this the �` 7T�-1 of I �,,�,a� ,�� ,;�:��ED AND APPROVED on second readir� this the /TN of c� /4NU/9/Ly �>85. ',SSED, APPROVED AND ADOPTED an third and final reading this the 21st day of ;._�r,uary, 1985. � � � _ Mayor R L. e C � :_ ,�i-..� ���nzin- an s ;�t.y :�;::•�.ret:aY;�