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O-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