Laserfiche WebLink
<br />e <br /> <br />e <br /> <br />ORDINANCE NO. 99- 2309 <br /> <br />AN ORDINANCE AFFECTING PARTICIPATION OF CITY EMPLOYEES IN THE TEXAS <br />MUNICIPAL RETIREMENT SYSTEM GRANTING THE ADDITIONAL RIGHTS AUTHORIZED <br />BY SECTION 854.202(g) OF TITLE 8, TEXAS GOVERNMENT CODE, AS AMENDED, <br />FINDING COMPLIANCE WITH THE OPEN MEETINGS LAW, AND PROVIDING AN <br />EFFECTIVE DATE HEREOF. <br /> <br />BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LA PORTE, TEXAS: <br /> <br />Section 1. Pursuant to the provisions of Section 854.202(g) of Subtitle G of Title 8, Texas <br />Government Code, as amended, which Subtitle shall herein be referred to as the ''TMRS Act", <br />the City of La Porte, Texas, adopts the following provisions affecting participation of its <br />employees in the Texas Municipal Retirement system (herein referred to as the "System"): <br /> <br />(a) Any employee of the City who is a member of the System is eligible to retire and <br />receive a service annuity if the member has at least 20 years of credited service in <br />the System performed for one or more municipalities that have adopted a like <br />provision under Section 854.202(g) of the TMRS Act. <br /> <br />(b) Prior to adopting this ordinance, the goveming body of the City has: (1) prepared <br />an actuarial analysis of member retirement annuities at 20 years of service; and (2 <br />held a public hearing pursuant to the notice provisions of the Texas Open Meetings <br />Act, Chapter 551, Texas Government Code. <br /> <br />(c) The rights herein above authorized shall be in addition to the plan provisions <br />heretofore adopted and in force at the effective date of this ordinance pursuant to the <br />TMRS Act. <br /> <br />Section 2. This ordinance shall become effective on the first day of March, 1999. <br />PASSED AND APPROVED, this the 8th day of February, 1999. <br />CITY OF LA PORTE <br /> <br />BY~~ <br /> <br />ATTEST: <br /> <br />