HomeMy WebLinkAbout0141_80-27 1980AN ORDINANCE ADOPTING THE PLAN PROVISIONSS
AFFECTING PARTICIPATION OF EMPLOYEES! OF
THIS CITY IN TEXAS MUNICIPAL RETIREMENT SYSTEM
AS AUTHORIZED BY SECTION XX OF ARTICLA 6243h,
VERNON'S TEXAS CIVIL STATUTES, AND GRANTING THE
ADDITIONAL RIGHTS, CREDITS AND BENEFITS THEREIN
AUTHORIZED; PROVIDING THAT SUCH RIGHTS SHALL BE
SUPPLEMENTARY TO THOSE HERETOFORE ALLOWED
AND THAT ARE IN FORCE AT THE EFFECTIVE DATE OF
THIS ORDINANCE; AND PRESCRIBING THE EFFECTIVE
DATE OF THIS ORDINANCE.
BE IT ORDAINED BY THE CITY COUNCIL OF GEORGETOWN, TEXAS:
Section 1. Pursuant to Section XX of Article 6243h, Vernon's Texas
Civil Statutes, as amended, the City of Georgetown, adopts the following plan
provisions affecting participation of its employees in the Texas Municipal
Retirement System:
(a) Each person who becomes an employee of any participating
department of this City and who is not already a member of the Texas
Municipal Retirement System shall become a member of the System as a
condition of employment, provided such person is then under sixty (60)
years of age;
(b) Any member, after one (1) year from the effective date of
membership, shall be eligible for service retirement who has attained
the akeoof fifty (50) years and has completed twenty-five (25) years of
creditable service with this City or who has attained the age of sixty (60)
years and has completed at least ten (10) years of creditable service
with participating municipalities which have adopted the plan provisions
of this section, or who has become eligible for service retirement under
any other applicable provision of Article 6243h, Vernon's 'Texas Civil
Statutes;
(5) The membership of any member who has completed at least
ten (10) years of creditable service with this City and other participating
municipalities which have adopted the plan provisions of Section XX of
Article 6243h, Vernon's Texas Civil. Statutes shall not terminate because
of absence from service; and
(d) Any person who is an employee of a participating department'
of this mmnicipality at the effective date of this ordinance, but who at the
date of his employment was under sixty (60) years of age but did not become
a member of Texas Municipal Retirement System because he was then above
the maximum age then prescribed by law for initial membership in the System,
shall become a member of the System at the effective date of this ordinance,
unless he has already become a member under other provisions of the govern
Ing act, and shall be allowed prior service creditfor each month of creditable
service performed for this municipality subsequent to thedate such person was
precluded from membership and prior to the effective date of his memberhhip.
Such prior service credit shall be calculated using the same percentage of the
base prior service credit as was most recently used in calculating Prior
Service Credits or Updated Service 'Credits in said System for current mem-
ber employees of this City.
C. V Y
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