Ord 1996-003 - Laserfiche WebLink

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~., 25 . ~ Q-~§ TMRS-20 YR, TMRS-PROB. a c- <ìi1 g ". -- t:ï:e. TMRS-REST. ~"i3 :'-- =ã ~ ~ 80> _.:'. ;;;;;:: en 'Q . c:¡; j::: ¡f ~ -~ . ' c;,;)Q . .. .- - . :; ::,:'.:; . ORDINANCE 1996-3 .-.., - -~.. "'~.~~J.' TEXAS MUNICIPAL RETIREMENT SYSTEM -'..':'~ '-~-"'-~-.' AN ORDINANCE AFFECTING PARTICIPATION OF CITY EMPLOYEES, IN THE TEXAS MUNICIPAL RETIREMENT SYSTEM GRANTING THE ADDITIONAL RIGHTS I AUTHORIZED BY SECTION 854.202(g) OF TITLE 8, TEXAS GOVERNMENT CODE, AS AMENDED; GRANTING TO CITY EMPLOYEES ADDITIONAL RIGHTS AND I CREDITS IN THE TEXAS MUNICIPAL RETIREMENT SYSTEM AS AUTHORIZED BY SECTION 853.303, TITLE 8 OF THE GOVERNMENT CODE; AUTHORIZING AND ALLOWING, UNDER THE ACT GOVERNING THE TEXAS MUNIC!PAL 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, AND PRESCRIBING THE EFFECTIVE DATE FOR THE ORDINANCE. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: . Section 1. Pursuant to the provisions of Section 854.202(g) of Subtitle G of Title 8, Texas Government Code, as amended, which Subtitle shall herein be referred to as 1he "TMRS Act," the City of «San Marcos,» Texas, adopts the following provisions affecting participation of its employees in the Texas Municipal Retirement System (herein referred to as the "System"): (a) Any employee of the City who is a member of the System is eligible to retire and receive a service retirement annuity if the member has at least 20 years of credited service in the System performed for one or more municipalities that have adopted a like provision under Section 854.202(g) of the TM RS Act. I (b) Prior to adopting this ordinance, the governing body of the City has: (1) prepared an actuarial analysis of member retirement annuities at 20 years of service; and (2) held a public hearing . pursuant to the notice provisions of the Texas Open Meetings Act, Chapter 551, Texas Government Code. (c) The rights hereinabove authorized shall be in addition to the plan provisions heretofore adopted and in force at the effective date of this ordinance pursuant to the TMRS Act. BE IT FURTHER ORDAINED BY THE CITY COUNCIL OF SAN MARCOS, TEXAS: Section 2. Any employee of this City who is a member of the Texas Municipal Retirement System and who performed service as a probationary employee for this City prior to September 1, 1989, for which the employee did not receive credited service in the System because the person, as a probationary employee was not enrolled as a member of the System during the period of probationary employment, is hereby allowed to obtain prior service credit for the period of such probationary service (not in excess of six months), pursuant to the provisions of Section 853.303, Title 8 of the Government Code.