HomeMy WebLinkAboutORD 88-88 T,MRS-J
TEXAS MUNICIPAL RETIREMENT SYSTEM
AN ORDINANC-E-ALLOWING CERTAIN EMPLOYEES OF THE CITY, WHO PERFORMED OR
HEREAFTER PERFORM ACTIVE SERVICE IN THE ARMED FORCES (OR THEIR RESERVES
OR AUXILIARIES) OF THE UNITED STATES UNDER HONORABLE CONDITIONS DURING
PERIODS OF CONFLICT WITH FOREIGN FORCES, TO APPLY AND MAKE DEPOSITS FOR,
AND TO RECEIVE SPECIAL CREDIT WITH THE TEXAS MUNICIPAL RETIREMENT SYSTEM
FOR LIMITED PORTIONS OF SUCH MILITARY SERVICE, AND PROVIDING FOR PAYMENT
BY THE CITY OF ADDITIONAL DEPOSITS TO THE SYSTEM ON ACCOUNT OF SUCH
SERVICE CREDIT.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BEAUMONT, TEXAS:
Section 1. Pursuant to Subchapter F of Chapter 63, Title 110B, Revised Civil
Statues of Texas, as amended, the City of Beaumont hereby elects to allow eligible
members in its employment to establish credit in the Texas Municipal Retirement System
for active military service performed as a member of the armed forces or armed forces
reserves of the United States or an auxiliary of the armed forces or armed forces reserves,
during a period in which the United States is or was involved in a state of conflict with
foreign forces. Eligible members as used herein shall be those employees meeting the
criteria set forth in subsection (b) of Section 63.501 of said Subchapter F, and the amount
and use of creditable military service shall be as further set forth in that Subchapter.
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), before the first anniversary of the effective date
of this ordinance or before the first anniversary of the date the member becomes eligible
to establish the credit (whichever is later) an amount equal to the number of months for
which credit is sought, multiplied by $15.00, and the City must contribute an amount equal
to the amount required of the member, multiplied by the City's current service matching
percentage in effect on the date the member applies for credit hereunder. The City of
Beaumont agrees to pay into its account in the Municipality Accumulation Fund all sums
which become due hereunder as a result of the granting of such credit.
TM S-J (Continued) Page 2
Section 3. This ordinance shall become effective on the 1st day of
19 .
Passed and approved this the day of 19 DO .
APPROVED:
Mayor
ATTEST:
Ci y Secretary°o f4k