HomeMy Public PortalAboutOrdinance No. 312-70 07-24-1970 ORDINANCE
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AN ORDINANCE UNDERTAKING TO PROVIDE FOR, AND GRANTING
411 "ANTECEDENT SERVICE CREDIT" AND "SPECIAL PRIOR SERVICE
CREDIT" AT THE RATES HEREIN SPECIFIED, TO QUALIFYING
EMPLOYEES OF THE CITY OF RICHLAND HILLS, TEXAS
BE IT ORDAINED BY THE CITY COUNCIL OF RICHLAND HILLS , TEXAS:
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SECTION 1.
Each person who is an employee of the
City
tofhRi Richland date aHills
on the 31st day of December, 1970 and who Cs
member of the Texas Municipal Retirement System shall be allowed,
and, upon the terms and conditions prescribed by Sec . XVI of Articles
624+3h, Vernon ' s Texas Civil Statutes, as amended by Chapter 371,
Regular Session 61st Legislature, is hereby granted, effective on
the date last above mentioned, "antecedent
on the basisroflOne(as that
Hundred
term is defined in said Act) calculated
per cent (1000) of each current service deposit actually made by
such person with the Texas Municipal oretirement t System
prior during
to the each
Month of current service performed f y
1st
day of January , 1966
Section 2.
°' Each person who is an employee of the City of Richland Hills
III on the 31st day of December, 1970 and who at said date is a
Member of the Texas Municipal Retirement System and who holds in
said System an effective prior service certificate granted by reason
of service performed for this city prior to its participation in
said System, shall be allowed and is hereby granted (upon the terms
and conditions prescribed by Sec . XV of Article 6243h, Vernon ' s
Texas Civil Statutes as amended by Chapter 371, Acts of the Regular
Session, 61st Legislature) a "Special Prior Service Credit" in an
amount equivalent to the accumulation at interest, as provided in
said Act, of a series of monthly payments of FIVE
PER cent (5%) of the member' s "average prior service
eoCompen nsation"
for the number of months of prior service certified
member' s prior service certificate . The special prior service credit
herein provided for shall be in addition to the prior service credit
heretofore allowed such member.
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)14 Any person who was employed by the City of Richland Hills Y
prior to December 31, 1970 , whose membership in Texas Muni- y
cipal Retirement System by reason of such service has not termi-
nated, and who on said date is absent from service in the employment
411 of the city, shall be entitled to antecedent service credit and to
` special prior service credit in the amount (if any) he would have
been allowed under Sections 1 and 2 hereof had he been in active d
service on said date, provided such person again becomes an employee
of the city before termination of his said membership in Texas 1
Municipal Retirement System and within five years from the 31st day i
of December, 1970 , and provided such person thereupon continues
as an employee of a participating department of the city of
Richland Hills for a period of five (5) consecutive years.
Passed and approved this the V day of , I
1970.
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ATTEST: APPROVED:
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1. This date will be the end of the calendar year in which the
ordinance is passed. .
2. The council may choose to overmatch antecedent service
deposits either fifty per cent or one hundred per cent, and this blank
should be filled in to record the percentage selected.
3. As to cities which have theretofore undertaken overmatching
of current service deposits pursuant to Sec. XIV, this blank should
be filled in with the effective date of such undertaking. Other-
wise, this blank should be filled in with the same date as for Note 1,
above.
4. The council is allowed to grant special prior service credits
calculated at either 2-% or at 5% (but not over 5% on a cumulative
basis) of average prior service compensation. This blank should be
filled in to record the basis chosen by the council.