Loading...
1993-199E:\WPD0CS\0RD\PR10R.SVC ORDINANCE NO. 3 °8 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 ANY INCORPORATED CITY OR TOWN IN THE UNITED STATES OR ANY COUNCIL OF GOVERNMENT IN TEXAS, AS PROVIDED IN SECTION 853.305 OF TITLE 8, V.T.C.A., GOVERNMENT CODE, AS AMENDED, FOR WHICH SUCH EMPLOYEES HAVE NOT RECEIVED CREDITED SERVICES, EFFECTIVE JANUARY 1, 1994; AND PROVIDING AN EFFECTIVE DATE. THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS: SECTION I. That 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 the United States or any Council of Governments in this State for which the person has not otherwise received credited service in this System, including combined service credit under Chapter 803. 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. SECTION II. That 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 III. That this ordinance shall become effective on the 1st day of January, 1994. PASSED AND APPROVED this the /q7 day of )CJ 1993. ATTEST: JENNIFER WALTERS, CITY SECRETARY BY: APPROVED AS'TO LEGAL FORM: DEBRA A. DRAYOVITCH, CITY ATTORNEY BY : L2 0 PAGE 2