HomeMy WebLinkAboutOrdinance No. 98-25 � , ' � � , � . .
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ORDINANCE NO. 98-25
AN ORDINANCE OF THE CITY OF FRIENDSWOOD, GALVESTON/HARRIS
COUNr2ES, TEXAS, AFFECTING PARTICIPATION OF CITY EMPLOYEES
IN THE TEXAS MUNICIPAL RETIREMENT SYSTEM GR.ANr2NG THE
ADDITIONAL RIGHTS AUTHORIZED BY SECTION 854.202 (g) OF TITLE
8, TEXAS GOVERNMENT CODE, AS AMENDED, AND PRESCRIBING THE
EFFECTIVE DATE FOR THE ORDINANCE.
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BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FRIENDSWOOD, STATE OF
TEXAS:
Section 1. Pursuant to the provisions of Section 854.202 (g) of Subtitle G
of Title 8, Texas Government code, as amended, which subtitle shall herein
be referred to as the "TMRS ACT, " the City of Friendswood, Texas, adopts the
following provisions affecting participation of its employees in the Texas
Municipal Retirement System (herein referred to as the "System") :
(a) Any employee of the City of Friendswood who is a member of the
system is eligible to retire and receive a service retirement annuity if the
member has at least 20 years of credited service in the System performed for
one or more municipalities that have adopted a like provision under Section
754 .202 (g) of the TMRS Act.
(b) Prior to adopting this ordinance, the governing body of the City
has: (1) prepared an actuarial analysis of inember retirement annuities at 20
years of service; and (2) held a public hearing pursuant to the notice
provisions of the Texas Open Meetings Act, Chapter 551, Texas Government
Code.
(c) The rights hereinabove authorized shall be in addition to the plan
provisions heretofore adopted and in force at the effective date of this
ordinance pursuant to the TMRS Act.
Section 2. This ordinance shall become effective on the first day of
�Tanuary 199�.
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PASSED APTD APPROVED ON FIRST READING THIS 17th DAY OF AllCJUSt � 1998.
PASSED, APPROVED APTD ADOPTED ON SECOND AND FINA READING THIS 14th ,
DAY OF September , lggg,
Mayor Harold L. Whitaker
City of Friendswood
ATTEST:
Motion - Councilmember Ha�ecate
eloris McKen ie, TRMC 2nd - Councilmember D�anison
City Secretary
Approved - Unanimously
098.25/LST03