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HomeMy WebLinkAbout0004_0001r performed for this City prior to its participation in said System, shall be. allowed and is hereby granted (upon the 'terms and conditions prescribed by Section XV of. Article 6243h, Vernon's Texas Civil Statutes as amended by Chapter '371, Acts of the Regular Session, 61st Legislature) a "Special Prior Service Credit" in an amount of equivalent to the accumulation at interest, as provided in said. Act, of a series of monthly payment's of five percent (5%) of the member' `s "Average Prior Service Compensation" for the number of months of prior service certified to in such member's prior service certifi- Cate. The Special Prior Service Credit herein provided for shall be in addition to the prior service credit heretofore, allowed such member. SECTION 4. Any person who was employed by the City of Georgetown prior to 'December 31, 1972, whose membership in Texas Municipal Retirement .System by reason of service has not terminated, and who on said date is absent from service in the employment of the City, shall be entitled to antecedent. service credit and to special; prior service credit in the amount (if any) he would have been allowed under Sections 1 and 2 hereof had he been in active service on said date, provided such person again becomes an employee of the City before termination of his said membership in Texas Municipal Retire- ment System and within five (5) years from the 31st day of December, 1972, and provided such person thereupon continues as an employee of a partici- pating, department of the City of Georgetown for a period of five (5) consecutive years, SECTION' 5. New benefits are to become effective January 1, 1973. .1 SECTION 6. If for any reason any section, paragraph, subdivision, clause, phrase, word, .or provision of this ordinance shall be held invalid or N unconstitutional by final judgment of a court of competent jurisdiction it shall not affect any other section, paragraph, subdivision, clause, phrase, word, or provision of this ordinance, for it is the definite intent of this City Council that every section, paragraph, subdivision, clause, phrase, word, or pro- vision hereof 'be given full force and effect for its purpose. 4