HomeMy WebLinkAbout1980-1204 - Ordinance - 01/24/1980ORDINANCE NO. 1204
AN ORDINANCE ADOPTING THE PLAN PROVISIONS AFFECTING PARTICIPATION
OF EMPLOYEES OF THIS CITY IN TEXAS MUNICIPAL RETIREMENT SYSTEM
AS AUTHORIZED BY SECTION XX OF ARTICLE 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 COLLEGE STATION, TEXAS:
Section 1. Pursuant to Section XX of Article 6243h, Vernon's
Texas Civil Statutes, as amended, the City of College Station, 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 age of 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 credit-
able service with participating municipalitites 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;
(c) The membership of any member who has completed at least
ten (10) years of creditable service with this City and other partici-
pating municipalities which have adopted the plan provisions of Section
XX of Article 6243g, 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 municipality 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 the Texas Municipal Retirement System
because he was than above the maximum age then prescribed by law for
initial membershop 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 governing act, and shall
be allowed prior service credit for each month of creditable service
performed for this municipality subsequent to the date such person
was precluded from membership and prior to the effective date of his
membership. 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 member employees of this City.
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ORDINANCE NO. 1204
page 2
Section 2. The rights, credits and benefits 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 Act governing said System.
Section 3. This ordinance shall become effective on the first
day of the calendar month following its enactment, provided it has
previously been determined by the Actuary for the System that the
additional obligations herewith undertaken can be funded within
the period prescribed by the Act above cited, and will not
result in probable depletion of this City's account in the Prior
Service Accumulation Fund of the System.
PASSED AND APPROVED THIS THE 24th day of January, 1980.
PROVED
he�rCrw C-1
Mayor
ATTEST
City Secretary