HomeMy WebLinkAboutOrdinance 1648
ORDINANCE NO. 1648
AN ORDINANCE ALLa'iTING CERI'AIN EMPIDYEES OF THE CITY, WHO PERFORMED OR HEREAFTER
PERFORM AcrIVE SERVICE IN THE ARMED FORCES (OR THEIR RESERVES OR AUXILIARIES) OF
THE UNITED STATES UNDER HONORABLE CONDITIONS, TO APPLY AND MAKE DEPOSITS FOR , AND
TO RECEIVE SPECIAL CREDIT WITH THE TEXAS MUNICIPAL RETIREMENT SYSTEM FOR LIMITED
PORI'IONS OF sum MILITARY SERVICE, AND ProVIDING FOR PAYMENT BY THE CITY OF ITS
SHARE OF THE COSTS OF ALLCMrNG SUCH CREDITS.
BE IT ORDAINED BY THE CITY mUNCIL OF THE CITY OF NORI'H RICHLAND HILLS, TEXAS:
Section 1. Pursuant to Section 63.502, Subchapter F of Chapter 63, Title HOB,
Revised civil Statutes of Texas, as amended, the City of North Richland Hills hereby
elects to allow eligible members in its employment to establish credit in the Texas
Municipal Retirement System for active military service perfonned as a member of the
armed forces or anœd forces reserves. Eligible members as used herein shall be those
employees meeting the criteria set forth in Sections 63.502(b) and 63.503 of said
SUbchapter F, and the amJunt and use of creditable military service shall be as further
set forth in Section 63.505.
Section 2. 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 amJunt equal to the number of months for which
credit is sought, multiplied by $15.00. The City of North Richland Hills agrees that
its account in the Municipality Accumulation Fund is to be charged at the time of the
member's retirement with an amJunt equal to the accumulated amJunt 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.
Section 3. This ordinance shall becane effective on the 1st day of January
19 90.
Passed and approved this the 13th day of November
, 19 89.
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ATTEST:
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èfY SECRETARY
APPROVED AS TO FORM AND LEGALITY:
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AT'TORNEY