HomeMy WebLinkAboutORD 96-56 TEXAS MUNICIPAL RETIREMENT SYSTEM
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 VARIOUS OTHER
PUBLIC ENTITIES FOR WHICH THEY HAVE NOT RECEIVED CREDITED
SERVICE; AND ESTABLISHING AN EFFECTIVE DATE FOR THE
ORDINANCE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BEAUMONT, TEXAS:
Section 1. Authorization of Restricted Prior Service Credit.
(a) On the terms and conditions set out in Sections 853.305 of Subtitle G of Title 8,
Texas 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 of the entities described
in said Section 853.305 provided that (1) the person does not otherwise have credited service
in the System for that service, and (2) the service meets the requirements of said Section
853.305.
(b) 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.
(c) 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. This ordinance shall become effective on the first day of &3te �z, , 19
Passed and approved this the J,/L, day of Z- -4_E.��%
19 2 .
ATTEST: APPROVED:
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City Secr6jbry or C#rk Mayor