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10 TMRS Vesting Period
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November 12, 2001
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10 TMRS Vesting Period
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Last modified
11/8/2005 11:21:02 AM
Creation date
11/8/2001 4:08:10 PM
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Template:
AGENDA
Item Number
10
AGENDA - Type
DISCUSSION & DIRECTIONS TO STAFF
Description
TMRS Vesting Period Opt Out
AGENDA - Date
11/12/2001
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77(1.') SB 522 Enrolled version - Bill Text Page 2 of 12 <br /> <br />3-10 <br />3-11 <br />3-12 <br />3-13 <br /> <br />retires under this subtitle on a date oth er than December 31, <br /> <br />interest on a prior service credit is ear ned for the partial year <br /> <br />in which the retirement occurs, prorated from January 1 of the year <br /> <br />in which the retirement occurs to the effective dat~ of retirement. <br /> <br />3-14 <br />3-15 <br />3-16 <br />3-17 <br />3-18 <br />3-19 <br />3-20 <br />3-21 <br />3-22 <br />3-23 <br />3-24 <br />3-25 <br />3-26 <br /> 4-1 <br /> 4-2 <br /> 4-3 <br /> 4-4 <br /> 4-5 <br /> 4-6 <br /> 4-7 <br /> 4-8 <br /> 4-9 <br /> 4-10 <br /> 4-11 <br /> 4-12 <br /> 4-13 <br /> 4-14 <br /> 4-15 <br /> 4-16 <br /> 4-17 <br /> 4-18 <br /> 4-19 <br /> 4-20 <br /> 4-21 <br /> 4-22 <br /> 4-23 <br /> 4-24 <br /> 4-25 <br /> 4-26 <br /> 5-1 <br /> 5-2 <br /> 5-3 <br /> 5-4 <br /> 5-5 <br /> 5-6 <br /> 5-7 <br /> 5-8 <br /> 5-9 <br /> 5-10 <br /> 5-11 <br /> 5-12 <br /> 5-13 <br /> 5-14 <br /> 5-15 <br /> 5-16 <br /> 5-17 <br /> <br /> SECTION 6. Subsections (b), (c), and (d), Section 853.304, <br />Government Code, are amended to re ad as follows: <br /> (b) After the retirement system receives a co py of a <br />municipality's ordinance described by Sub section (a), the <br />retirement system shall furnish to the mu nicipality a report <br />containinq the names of employees who, ac cordinq to the retirement <br />system's records, are eligible to receive prior service credit for <br />probationary employment. [A -^-~ ....... l=~- ~ .... _ <br /> <br /> ............................ <br /> <br />cre~;t <br /> (c) AS soon as practicable[ ~] after the municipality <br />receives a report under Subsection (b) [n m?-~?~ ~" <br />~tntc~e~t o~ p~{~ "c~'~ce "~e~ t~° ~?c tic, I, the <br />municipality shall verify the information in the report [prior <br />___ .... ~ cTM ] and certify to the retirement system [~clTd ^f <br />~.~aa~-] the number of months of probationary employment to which <br />each employee listed on the report appear s to be entitled <br /> the average monthly compensation pa id to the member during the <br /> period of probationary employment. <br /> (d) The certification by the municipality must be received <br /> by the retirement system not later than t he first anniversary of <br /> the effective date of the ordinance allow ing the credit. After <br /> receivin9 the [~] certification from the municipality described by <br /> Subsection (c) [cf ~ ~'~ ..... ~ ~q~ ~ .... <br /> ..... ~^~ ~ni~ ~ .... ~ ], the board of trustees shall <br /> determine the prior service credit allowable to the member in the <br /> manner provided in Section 853.105 . <br /> SECTION 7. Subsection (a), Section 853.305, Government Code, <br /> is amended to read as follows: <br /> (a) The governing body of a participating municipality by <br /> ordinance may authorize the granting of restricted prior service <br /> credit to an employee who is a member of the retirement system for <br /> service previously performed: <br /> (1) as a full -time, paid employee of the United <br /> States, of any public authority or agency created by the United <br /> states, of any state or territory o f the United States, of any <br /> political subdivision of any state of the United States, [~] of <br /> any public agency or authority crea ted by a state or territory of <br /> the United States, or of an institution of higher education at <br /> which the person is commissioned as a cam pus security personnel <br /> employee under Section 51.212, Education Code, and for which <br /> service the person has not otherwise received credited service in <br /> this system, including combined ser vice credit under Chapter 803; <br /> or <br /> (2) as an employee of the state or any branch, agency, <br /> or subdivision of the state for wh ich the person received credited <br /> service under the Employees Retire ment System of Texas, the Teacher <br /> Retirement System of Texas, the Judicial Retirement System of Texas <br /> Plan One, the Judicial Retirement System of Texas Plan Two, the <br /> Texas County and District Retirement System, or this retirement <br /> system, and the credit for which w as canceled because of withdrawal <br /> of contributions and has not been reinstated. <br /> <br />http://www.capitol.state.tx.us/cgi_bin/tlo/viewtext.cmd?LEG=77&SES S=R&CHAMBER=~... 11/1/2001 <br /> <br /> <br />
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