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HomeMy WebLinkAbout1996-2215 - Ordinance - 10/10/1996ORDINANCE NO. 2215 AN ORDINANCE OF THE CiTY OF COLLEGE STATION CODE OF ORDINANCES, AMENDING CHAPTER 8, SECTION 10, E, 1, B, AFFECTING PARTICIPATION OF CITY EMPLOYEES IN THE TEXAS MUNICIPAL RETIREMENT SYSTEM GRANTING THE ADDITIONAL RIGHTS AUTHORIZED BY SECTION 854.202(g) OF TITLE 8, TEXAS GOVERNMENT CODE, AS AMENDED, AND PRESCRIBING THE EFFECTIVE DATE FOR THE ORDINANCE. BE ORDAINED BY THE CITY COUNCIL OF THE CITY OF COLLEGE STATION, 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 the 'TMRS Act," the City of College Station, 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 TMRS Act. (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. Section 2. 1996. This ordinance shall become effective on the 1st day of November, Passed and approved this the 10th day of OCTOBER ,19 96 AI'TE,~T: City Secretary. Connie Hooks APPROVED: ~a~;o{', Lynn Mcllhaney q'