1970-037 NO qo-Jq
AN ORDINANCE UNDERTAKING TO PROVIDE FOR, AND GRANTING "ANTECE-
DENT SERVICE CREDIT" AND "SPECIAL PRIOR SERVICE CREDIT" AT THE
RATES HEREIN SPECIFIED, TO QUALIFYING EMPLOYEES OF THE CITY OF
DENTON, TEXAS
THE COUNCIL OF THE CITY OF DENTON, TEXAS, HEREBY ORDAINS
SECTION I
Each person who is an employee of the City of Denton, on
the 31st day of December, 1970 and who is at that date a member
of the Texas Municipal Retirement System shall be allowed, and,
upon the terms and conditions prescribed by Sectmon XVI of
Article 6243h, Vernon's Texas Civil Statutes, as amended by
Chapter 371, Acts Regular Session 61st Legislature, is hereby
granted, effective on the date last above mentioned, "antecedent
service credit" (as that term is defined in said Act) calculated
on the basis of ~ifty per cent (50%) of each current service
deposit actually made by such person with the Texas Municipal
Retirement System during each month of current service performed
for this city prior to the 31st day of December, 1970
SECTION II
Eash person who is an employee of the City of Denton on the
~lst day of December, 1970 and who at said date is a member of
the Texas Municipal Retirement ~ystem and who holds in said
System an effective prior service certificate granted by reason
of service performed for this City Drior to its participation in
said System, shall be allowed and is hereby granted (upon the
terms and conditions pressribed by Section XV of Article 6243h,
Vernon's Texas Civil Statutes as amended by Chapter 371, Acts of
the Regular Session, 61st Legislature) a "Special Prior Service
Credit~ in an amount equivalent to the accumulation at interest,
as provided in said Act, of a series of monthly payments of two
and one-half (2~%) of the member's "average prior service com-
pensation'' for the number of months of prior service certified
to in such member's prior service certificate The special
prior service credit herein provided for shall be in addition
to the prior service credit heretofore allowed such member
Any person who was employed by the City of Denton prior to
December 31, 1970, whose membership in Texas Municipal Retire-
ment System by reason of such service has not terminated, and
who on said date is absent from service in the employment of the
City, shall be entitled to antecedent service credmt and to specmal
prior service credit in the amount (if any) he would ha~e been
allowed under Sections 1 and 2 hereof had he been in active ser-
vice on said date, provided such person again becomes an employee
of the City before termination of his said membership in Texas
Municipal Retirement System and within five years from the 31st
day of December, 1970, and provided such person thereupon con-
tinues as an employee of a participating department of the City
of Denton for a period of five (5)¢onsegutive years j~
PASSED AND APPROVED this the l~day of /~./~f~. ,
A D 1970
ALEXANDER M F~NL'~, ~/l~/, ,~AY R
CITY OF DENTON, TEXASL~
ATTEST
·
~OOKS HOLT, CITY SECRETARY
CITY OF DENTON, TEXAS
APPROVED AS TO LEGAL FORM
~ g. DENTON:, CTE'I~xIsATTORNEY