Loading...
ORD 491 5/12/1998OR.ICT k -O I I , ) h � TMRS-PSC/Restricted ORDINANCE 491 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 CIBOLO, 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 June , 19 98 Passed and approved this the 12th day of May 19 98 ATTEST: APPROVED: av City Secretary or Clerk Mayor April 14, 1998 TEXAS MUNICIPAL RETIREMENT SYSTEM Mr. Wes Suiter Chief of Police City of Cibolo P.O. Box 88 Cibolo, Texas 78108 Dear Chief Suiter: 0fy years ofreffre,nenl recurrtiy for municipal employees. -�3 P.O. Box 149153 • AUSTIN, TEXAS 78714-9153 • 1200 NORTH INTERSTATE 35 • www.rmrs.org PHONE: (512) 476.7577 OR (800) 924.8677 • FAX: (512) 476.2903 VIA FAX: 210/659-1080 AND U.S. MAIL As per your request, we are pleased to enclose Model Ordinance TMRS-PSC/Restricted, which provides for 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. This credit may only be used to satisfy length of service requirements for "vesting" and service retirement eligibility, has no monetary value, and is not used in any other computations including Updated Service Credits. This option allows a member city to grant restricted prior service credit to employees for service performed for: • A public authority or agency created by the United States. • Any state or territory of the United States. • Any political subdivision of any state or territory of the United States. • Any public agency or authority created by a state or territory of the United States. • Previously forfeited service under one of the five statewide retirement systems in Texas (Texas Municipal Retirement System, Texas County & District Retirement System, Teacher Retirement System of Texas, Employees Retirement System of Texas, and Judicial Retirement System of Texas). In that this credit has no monetary value, a city's contribution rate will not be changed because of adoption of this provision. We will appreciate receiving a copy of this ordinance as finally adopted. We appreciate the City's continued iltc'es. ii, the i�ctirciin.nt Sy$teri� 2nd hope you will alwayc fee! free to rnntnnt IIS when we can be of service t0 you. Sincerely, Eric W. Davis Assistant Director EWD\dh Member Services Planning Enclosures