1996-12-16 Regular Meeting - Laserfiche WebLink

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----------------- /-e (.e ( ORDINANCE NO. 96 - 2142 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; FINDING COMPLIANCE WITH THE OPEN MEETINGS LAW; AND PROVIDING AN EFFECTIVE DATE HEREOF, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LA PORTE, TEXAS: Section 1. Authorization of Restricted Prior Service Credit. (a) On the tenns and conditions set out in Section 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 .Systemj who is now or who hereafter becomes an employee of the City of La Porte, shall receive restricted prior service credit for service previously perfonned as an employee of any of the entities described in said Section 853.305 provided that (1) the person does not othelWise 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 computations 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. The City Council finds, determines, recites and declares that a sufficient written notice of the date, hour, place and subject of this meeting of the City Council was posted at a place convenient to the public at the City Hall of the City for the time required by law preceding this meeting, as required by the Open Meetings Law, Chapter 551, Texas Government Code; and that this meeting has been open to the public as required by law at all times during which this ordinance and the subject matter thereof has been discussed, considered and formally acted upon, The City Council further ratifies, approves and confirms such written notice and the contents and posting thereof, Section 3. This ordinance shall become effective on the first day of January, 1997, PASSED AND APPROVED, this the 16th day of Decemqer, 1996. I....' ,(;'1 By /kZ'1/ II 7/;1 ~~ '--Norman Malone, Mayor A TrEST: &f!e:!f- eX ~ !I4d &1y ~ r Ci~elary / l' (?::v/ -cJ?K~ Knox Askins City Attorney