HomeMy WebLinkAboutORD 2012-54 - TMRS Restricted Service Credit- r
ei N 99 11!1k:
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN,
SECTION 1: Pursuant to 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.
SECTION 2. 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.
SECTION 3. The 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 4. The City Council hereby finds that this Ordinance is not inconsistent or in
conflict with any other policies of the Georgetown 2030 Comprehensive Plan.
SECTION 5. All ordinances and resolutions, or parts of ordinances and resolutions, in
conflict with this Ordinance are hereby repealed, and are no longer of any force and effect.
SECTION 6. If any provision of this Ordinance or application thereof to any person or
circumstance shall be held invalid, such invalidity shall not affect the other provisions, or
application thereof, of this Ordinance which can be given effect without the invalid provision or
application, and to this end the provisions of this Ordinance are hereby declared to be
severable.
SECTION 7. The Mayor is hereby authorized to sign this Ordinance and the City
Secretary to attest.
SECTION 8. This Ordinance shall be and become effective on the 1st day of September,
2012.
• • - • .�' `
AGOA111rig �-• • - �-•
Page of
PASSED AND APPROVED on First Reading on the day of tA Sob* 2012
at a regular meeting of the City Council of the City of Georgetown, Texas.
PASSED AND APPROVED on Second Reading on the C day of
2012 at a regular meeting of the City Council of the City of Georgetown, Texas.
ATTEST:
By:
ca Brdttle, City Secretary
Bridget Chaprq n
Acting City Attorney
Ordinance No. t
Adopting Restricted
Page 2 of 2
rior Service Credit
THE CITY OF GEORGETOWN