HomeMy WebLinkAboutO-816-9-87ORDINANCE NO. 816-9-87
AN ORDINANCE OF THE CITY OF ALLEN, TEXAS, AMENDING
CITY OF ALLEN ORDINANCE NO. 310 AND CHAPTER 2,
"ADMINISTRATION", ARTICLE III, "TEXAS MUNICIPAL RETIREMENT
SYSTEM", OF THE ALLEN CODE OF ORDINANCES TO INCLUDE
MILITARY SERVICE CREDITS, PURSUANT TO V.A.C.S. TITLE 110B9
563.501-63.503; AND ESTABLISHING AN EFFECTIVE DATE FOR SUCH
ACTIONS.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF ALLEN, TEXAS:
SECTION 1. That pursuant to Subchapter F of Chapter 63, Title 110B,
V.A.C.S., the City of Allen hereby elects to amend City of Allen Ordinance No. 310 and
Chapter 2, "Administration", Article III, "Texas Muncipal Retirement System", of the
Allen Code of Ordinances so to allow eligible members in its employment to establish.
credit in the Texas Municipal Retirement System for active military service performed
as a member of the armed forces or armed forces reserves of the United States or an
auxiliary of the armed forces or armed forces reserves during a period in which the
United States is or was involved in a state of conflict with foreign forces. Eligible
members as used herein shall be those employees meeting the criteria set forth in
Subsection (b) of Section 63.501 of said Subchapter F, and the amount and use of
creditable military services shall be as further set forth in that Subchapter.
SECTION 2. That in order to establish credit for military service hereunder,
a member must deposit with the Texas Municipal Retirement System (in that member's
individual account in the Employees Saving Fund), before the first anniversary of the
effective date of this Ordinance or before the first anniversary of the date the member
becomes eligible to establish the credit (whichever is later) an amount equal to the
numbr of months for which credit is sought, multiplied by $15.00, and the City of Allen
must contribute an amount equal to the amount required of the member, multiplied by
the City of Allen's current service matching percentage in effect on the date the
member applies for credit hereunder. The City of Allen agrees to pay into its account
in the Municipality Accumulation Fund all sums which become due hereunder as a result
of the granting of such credit.
Ordinance No. 816-,5.--8-7 - Page 1
SECTION 3. That this Ordinance shall become effective on the 1st day of
ary, 1988, which is a date on or after the first day of January, 1988.
DULY PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
EN, TEXAS, ON THE 17 th DAY OF SEPTEMBER .91987.
APPROVED -AS -TO FORM:
A. Do er, City A
APPROVED:
Donald P. Rodenbaugh, Mayor
ATTEST:
64 MafV Hendrix, CMC, ity Secretary
Ordinance No. 816-9-87 - Page 2