88-030 ORD ALLOWING CERTAIN EMPLOYEES OF COP WHO PERFORMED ACTIVE SERVICE IN ARMED FORCES OF USA UNDER HONORABLY CONDITIONS TO APPLY AND MAKE DEPOSITS FOR AND TO RECEIVE SPECIAL CREDIT WITH TX MUNICIPAL RETIREMENT SYSTEM

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ORDINANCE N0. 88-n3p AN ORDINANCE ALLOWING CERTAIN EMPLOYEES OF THE CITY OF PARIS, WHO PERFORMED OR HEREAFTER PERFORM ACTIVE SERVICE IN THE ARMED FORCES (OR THEIR RESERVES OR AUXILIARIES) OF THE UNITED STATES UNDER HONORABLE CONDITIONS DURING PERIODS OF CONFLICT WITH FOREIGN FORCES, TO APPLY AND MAKE DEPOSITS FOR, AND TO RECEIVE SPECIAL CREDIT WITH THE TEXAS MUNICIPAL RETIREMEIVT SYSTEM FOR LIMITED PORTIONS OF SUCH MILITARY SERVICE, AND PROVIDING FOR PAYMENT BY THE CITY OF PARIS OF ADDITIONAL DEPOSITS TO THE SYSTEM ON ACCOUNT OF SUCH SERVICE CREDIT. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, TEXAS: Section 1. Pursuant to Subchapter F of Chapter 63, Title 110B, revised Civil 5tatues of Texas, as amended, the City of Paris hereby elects 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 service shall be as further set forth in that Subchapter. Section 2. 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 effec- tive 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 number of months for which credit is sought, multiplied by $15.00, and the City must contribute an amount equal to the amount required of the member, multiplied by the City's current service matching percentage in effect on the date the member applies for credit hereunder. The City of Paris agrees to pay into its account in the Municipality accumulation Fund all sums which become due hereunder as a result of the grant- ing of such credit. Section 3. This ordinance shall become effective on the lst day o eptember, 1988, which is a date on or after the first day of January, 1982. Passed and adopted this 8th day of August, 1 88. Eric S. C i ord, Mayor ATTEST: Mattie Cunningham, City er APPROVED AS TO FORM: ~ T. K. H ynes, City Attorney