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<br /> <br /> <br /> <br /> <br /> <br /> <br /> ORDINANCE NO. 95-043 <br /> <br /> AN ORDINANCE AUTHORIZING AND ALLOWING, UNDER THE ACT GOVERNING <br /> THE TEXAS MUNICIPAL RETIREMENT SYSTEM, RESTRICTED PRIOR SERVICE <br /> CREDIT TO EMPLOYEES WHO ARE MEMBERS OF THE SYSTEM FOR SERVICE <br /> PREVIOUSLY PERFORMED FOR VARIOUS OTHER PUBLIC ENTITIES FOR WHICH <br /> THEY HAVE NOT RECEIVED CREDITED SERVICE; AND ESTABLISHING AN <br /> EFFECTIVE DATE FOR THE ORDINANCE. <br /> <br /> BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PARIS: <br /> <br /> Section 1. Authorization of Restricted Prior Service Credit. <br /> <br /> (a) On the terms and conditions set out in Sections 853.305 of Subtitle G of Title 8, <br /> Texas Government Code, as amended (hereinafter referred to as the °TMRS Act"), each <br /> member of the Texas Municipal Retirement System (hereinafter referred to as the "System") who <br /> is now or who hereafter becomes an employee of this City shall receive restricted prior service <br /> credit for service previously performed as an employee of any of the entities described in said <br /> Section 853.305 provided that (1) the person does not otherwise have credited service in the <br /> System for that service, and (2) the service meets the requirements of said Section 853.305. <br /> <br /> (b) The service credit hereby granted may be used only to satisfy length-of-service <br /> requirements for retirement eligibility, has no monetary value in computing the annuity payments <br /> allowable to the member, and may not be used in other computations, including computation of <br /> Updated Service Credits. <br /> <br /> (c) A member seeking to establish restricted prior service credit under this ordinance <br /> must take the action required under said Section 853.305 while still an employee of this City. <br /> <br /> Section 2. All ordinances or parts of ordinances in conflict herewith aze hereby <br /> expressly repealed. <br /> <br /> Section 3. This ordinance shall become effective on the 1 st day of November, 1995. <br /> <br /> Section 4. The City Clerk is hereby authorized and directed to immediately deliver, <br /> upon passage, a certified copy of this Ordinance to the Texas Municipal Retirement System. <br /> <br /> PASSED AND ADOPTED this 9th day of October 5. <br /> <br /> <br /> <br /> Eric S. Cliffard, ayor <br /> <br /> ATTEST: <br /> <br /> <br /> N"n <br /> 1Viattie Cunningham, City Clerk <br /> <br /> APPROVED FORM: <br /> <br /> <br /> <br /> T. K. aynes, ity Attorney <br />