1993-200. J1\WPD0CS\0RD\MILITARY.0R0
ORDINANCE NO. / J-ovO
AN ORDINANCE ALLOWING CERTAIN EMPLOYEES OF THE CITY, WHO PERFORMED
OR HEREAFTER PERFORM ACTIVE SERVICE IN THE ARMED FORCES (OR THEIR
RESERVES OR AUXILIARIES) OF THE UNITED STATES UNDER HONORABLE CON-
DITIONS, TO APPLY AND MAKE DEPOSITS FOR, AND TO RECEIVE SPECIAL
CREDIT WITH THE TEXAS MUNICIPAL RETIREMENT SYSTEM FOR LIMITED POR-
TIONS OF SUCH MILITARY SERVICE, AND PROVIDING FOR PAYMENT BY THE
CITY OF ITS SHARE OF THE COSTS OF ALLOWING SUCH CREDITS; AND
PROVIDING AN EFFECTIVE DATE.
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
SECTION I. That pursuant to Section 853.502, Subchapter F of
Chapter 853, Title 8, Government Code as amended, the City of
Denton hereby elects to allow eligible members 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. Eligible members as
used herein shall be those employees meeting the criteria set forth
in Sections 853.502 (b) and 853.503 of said Subchapter F, and the
amount and use of creditable military service shall be as further
set forth in Section 853.505.
SECTION II. That in order to establish credit for military
service hereunder, a member must deposit with the Texas Municipal
Retirement System (in that member's individual account in the
Employees Saving Fund), an amount equal to the number of months for
which credit is sought, multiplied by $15.00. The City of Denton
recognizes that its account in the Municipality Accumulation Fund
is to be charged at the time of the member's retirement with an
amount equal to the accumulated amount paid by the member for
military service credit, multiplied by the City's current service
matching ratio in effect at the date the member applies for such
military service credit.
SECT IN III. This ordinance shall become effective on the
day of /
_LV , 1994.
PASSE AND APP OED this the ~ day of 0 ~ ,
1993.
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
BY:
APPROVED AS"TO LEGAL FORM:
DEBRA A. DRAYOVITCH, CITY ATTORNEY
BY: J
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