HomeMy WebLinkAboutOrdinance 1777
ORDINANCE NO. 1777
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 TEXAS CITIES FOR WHICH SUCH EMPLOYEES HAVE NOT
RECEIVED CREDITED SERVICE; AND ESTABLISHING AN EFFECTIVE DATE FOR
THE ORDINANCE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF NORTH RICHLAND
HILLS, 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 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 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 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.
(b) 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 2, Effective Date.
This ordinance shall be and become effective on the 1st day of
February, 1992.
Passed and approved this the 13th day of January, 1992.
ATTEST: APPROVED:
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¿%ty Secretary or Clerk
APPROVED AS TO FORM AND LEGALITY:
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