2541 ORD PLAN PROVISIONS RE: TEXAS MUNICIPAL RETIREMENT SYSTEM

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ORDINA NCE NO. 2541 , AN OIZDINANCE ADOPTING THE PLAN PROVISIONS AFFECTING PARTICIPATION OF EMPLOYEES OF THIS CITY IN TEXAS MUNICIPAL RETIREMENT SYSTEM AS AU?HORIZED BY SECTION XX OF ARTICLE 6243h, VERNON`S TEXAS CIVIL STATUTES, AND GRANTING THE ADDITIUNAL RIGHTS, CREDITS AND BENEFITS THEREIN AUTHORIZED; PROVIDING THAT SUCH RIGHTS SHALL BE SUPPLEMENTARY TO THOSE HERETOFORE ALLOWED AND THAT ARE IN FORCE AT THE EFFECTIVE DATE OF THIS ORDINANCE; AND PRESCRIBING THE EFFEC- TIVE DATE OF THIS ORDINANCE. BE IT ORDA INED BY THE CITY COUNCIL OF THE CITY OF PARIS: Section l. Pursuant to Section XX of Article 6243h, Vernon's Texas Civil Statutes, as amended, the City of Paris, Paris, Texas, adopts the following plan provisions affecting participation of its employees in the Texas Municipal Retirement System: (a) Each person who becomes an employee of any participating department of this City and who is not already a member of the Texas Municipal Retirement System shall become a member of the System as a condition of employment, provided such person is then under sixty (60) years of age; (b) Any member, after one (1) year from the effective date of membership, shall be eligible for service retirement who has attained the age oF fifty (50) years and has completed twenty-five (25) years of creditable service with this City or who has attained the age oF sixty (60) years and has completed at least ten (10) years of creditable service with participating municipalities which have adopted the plan provisions of this section, or who has become eligible for service retirement under any other applicable provision of Article 6243h, Vernon's Texas Civil Statutes; (c) The membership of any member who has completed at least (10) years of creditable service with this City and other parti - cipating municipalities which have adopted the plan provisions of Section XX of Article 6243h, Vernon's Texas Civil Statutes shall not terminate because of absence from service; and (d) Any person who is an employee of a participating depart- ment of this municipality at the effective date of this ordinance, but who at the date of his employment was under sixty (60) years of age but did not become a member of Texas Municipal Retirement System because he was then above the maximum age then prescribed by law for initial membership in the System, shall become a member of the System at the effective date of this ordinance, unless he has already become a member under other provisions of the governing act, and shall be allowed prior service credit for each month of creditable service perf ormed for this municipality subsequent to the date such person was precluded Erom membership and prior to the effective date of his membership. Such prior service credit shall be calculated using the same percentage of the base prior credit as was most recently used in calculating Prior Service Credits or Updated Service Credits in said System for current member em - ployees of this City.