1970-038AN ORDINANCE PROVIDING FOR AND ALLOWING VESTING OP CERTAIN
RIGHTS, AND FOR RETIREMENT UNDER TEXAS MUNICIPAL RETIREMENT
SYSTEM OF EMPLOYEES OF THE CITY OF DENTON WHO HAVE ATTAINED
FIFTY YEARS OF AGE, AND HAVE COMPLETED TWENTY-FIVE YEARS OF
CREDITABLE SERVICE WITH SAID CITY
THE COUNCIL OF THE CITY OF DENTON, TEXAS HEREBY ORDAINS
That, effective on the 31st day of December, 1970, any
employee of the City of Denton who has attained the age of
fifty (50) years, and who as an employee of this City has
completed twenty-five or more years of creditable service for
which he is entitled to credit in the Texas Municipal Retire-
ment System, and who has been a member of the System for one
year or more, shall be eligible for service retirement as pro-
vided in subsection 1 (b), Section VII of Article 6243h, Vernon's
Texas Civil Statutes, as amended Any such employee who shall
have completed twenty (20) years or more of creditable service
as an employee of said City shall continue as a member of Texas
Municipal Retirement System despite subsequent absence from
service for a period in excess of sixty months, provided he does
not withdraw his deposits during such absence, and shall be elig-
ible to retirement upon and after attainment of the mipimum age
prescribed by the Act above mentioned ~~
PASSED AND APPROVED this the J~ day of ,
A D 1970
iL~XAN~DER M , (o~ '~MAYOR
CITY OF DENTON, TEXA~
ATTES>t~p
B~OOKS HOLT, CITY SECRETARY
CITY OF DENTON, TEXAS
APP~ D A TO LEGAL FORM
j~ Q BARTON, cITY ATTORNEi
~TY OF DENTON, TEXAS