1999-074-ORD AFFECTING PARTICIPATION OF COP EMPLOYEES IN TEXAS MUNICIPAL RETIREMENT SYSTEM

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ORDINANCE NO. 99-074 AN ORDINANCE AFFECTING PARTICIPATION OF THE CITY OF PARIS EMPLOYEES IN THE TEXAS MUNICIPAL RETIREMENT SYSTEM; GRANTING THE ADDITIONAL RIGHTS AUTHORIZED BY SECTION 854.202(g) OF TITLE 8, TEXAS GOVERNMENT CODE, AS AMENDED; AND PROVIDING FOR AN EFFECTIVE DATE OF DECEMBER 1, 1999. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PARIS: Section 1. Pursuant to the provisions of Section 854.202(g) of Subtitle G of Title 8, Texas Government Code, as amended, which Subtitle shall herein be referred to as the "TMRS Act," the City of Paris, Paris, Texas, adopts the following provisions affecting participation of its employees in the Texas Municipal Retirement System (herein referred to as the "System"): (a) Any employee of the City of Paris who is a member of the System is eligible to retire and receive a service retirement annuity if the member has at least 20 years of credited service in the System performed for one or more municipalities that have adopted a like provision under Section 854.202(g) of the TMRS Act. (b) Prior to adopting this ordinance, the governing body of the City has: (1) prepared an actuarial analysis of member retirement annuities at 20 years of service; and (2) held a public hearing pursuant to the notice provision of the Texas Open Meetings Act, Chapter 551, Texas Government Code. (c) The rights herein above authorized shall be in addition to the plan provisions heretofore adopted and in force at the effective date of this ordinance pursuant to the TMRS Act. Section 2. This ordinance shall be come effective on the 1st day of December, 1999. PASSED AND ADOPTED this the II th day of October, 1999, ATTEST: