HomeMy WebLinkAboutOrdinance No. 91-27 ��
ORDINANCE N0. 91-27 �
TEXAS MUNICIPAL RETIREMENT SYSTEM �
AN ORDINANCE AUTHORIZING AND ALLOWING,
UNDER THE ACT GOVERNING THE TEXAS MUNICIPAL
RETIREMENT SYSTEM, RESTRICTED PRIOR SERVICE
CREDIT T� EMPLOYEES WHO ARE MEMBERS OF THE
SYSTEM FOR SERVICE PREVIOUSLY PERFORMED FOR
TEXAS CITIES FOR WHICH SUCH EMPLOYEES HAYE
NOT RECEIVED CREDITED SERYICE; AND
ESTABLLSHING AN EFFECTIVE DATE FOR THE
ORDINANCE.
BE IT ORDAINED BY TI-� CITY COUNCIL OF THE CITY OF FRIENDSWOOD, TEXAS:
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 tile "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 retirernent 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 tl�is ordinance
must take the action required under said Section 853.305 while still an employee of this City.
PASSED AND APPROVED c�n first reading this the 7th ddy �f Octc�ber � 1991 .
PASSED, APPROVED AND ADGPTED this the 21st day af October, 1991 .
layc�r Pau] W. Schrader
ATTE
Deluris Archer, CMC
City Secretary