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<br /> FOR CITY COUNCIL AGEND~TEM <br /> 6. 1996 <br />Requested By: Louis Rim, \\ Department: Administration <br /> Report Resolution X Ordinance <br />Exhibits: Ordinance <br />.,............,-- ...."" ..,.,_."...., .. . ,."",..--.,.,- '"'" .". '" """".,""'..'"'' ".,,, '."-" ..~,.__.. .. ".., ...."...._" . ....",.....",,,,,,,,,.. ",,,.. <br /> SUMMARY AND RECOMMENDATION <br />The Texas Municipal Retirement System allows, through HB 2168, allows granting of optional <br />restricted prior service credit, for benefit eligibility purposes, for service with certain airport <br />authorities, or forfeited service in any statewide retirement system in Texas. This amendment <br />expands the current restricted prior service credit which applies to service in a non TMRS city in <br />Texas, municipal service in another state, and service with a council of governments (COG) in <br />Texas. Adopting this provision provides time credit only and does not require any additional <br />contribution by the employee or the City. <br />Action Required by Council: <br />Adopt ordinance authorizing updated service credits and increased annuities to current retirees.. <br />Availability of Funds: <br /> _General Fund _Water/Wastewater <br /> _Capital Improvement _General Revenue Sharing <br /> - Other <br />Account Number: Funds Available: Yes No <br />Approved for City Council Agenda <br />RtJ~.-\~ l. ~ \1.- \1...-9~ <br />Robert T. Herrera, Date <br />City Manager <br /> - --- ---------------------------- -- --------------------- <br />