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HomeMy WebLinkAboutOrd 810-2019 Authorizng and Allowing TMRS Restricted Prior Service CreditCITY OF ANNA, TEXAS ORDINANCE NO. Y10 " ` I AN ORDINANCE AUTHORIZING AND ALLOWING, UNDER THE ACT GOVERNING THE TEXAS MUNICIPAL RETIREMENT SYSTEM, RESTRICTED PRIOR SERVICE CREDIT TO EMPLOYEES WHO ARE MEMBERS OF THE SYSTEM FOR SERVICE PREVIOUSLY PERFORMED FOR VARIOUS OTHER PUBLIC ENTITIES FOR WHICH THEY HAVE NOT RECEIVED CREDITED SERVICE; AND ESTABLISHING AN EFFECTIVE DATE FOR THE ORDINANCE. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF Anna, TEXAS: Section 1. Authorization of Restricted Prior Service Credit. (a) On the terms and conditions set out in Sections 853.305 of Subtitle G of Title 8, Texas Government Code, as amended (hereinafter referred to as the "TMRS Act"), each member of the Texas Municipal Retirement System (hereinafter referred to as the "System") who is now or who hereafter becomes an employee of this City shall receive restricted prior service credit for service previously performed as an employee of any of the entities described in said Section 853.305 provided that (1) the person does not otherwise have credited service in the System for that service, and (2) the service meets the requirements of said Section 853.305. (b) The service credit hereby granted may be used only to satisfy length -of -service requirements for retirement eligibility, has no monetary value in computing the annuity payments allowable to the member, and may not be used in other computations, including computation of Updated Service Credits. (c) A member seeking to establish restricted prior service credit under this ordinance must take the action required under said Section 853.305 while still an employee of this City. (d) All ordinances of the City in conflict with the provisions of this ordinance are repealed to the extent of that conflict and no restricted prior service credit under any such ordinance shall be deemed to have been granted or received by any member or employee. Without limiting the general application of the foregoing repealer, City of Anna Ordinance No.809-2019 is hereby repealed in its entirety and no restricted prior service credit under said ordinance shall be deemed to have been granted or received by any member or employee. If any section, subsection, sentence, clause, or phrase of this ordinance, or its application to a particular set of persons or circumstances, is declared invalid or adjudged unconstitutional by a court of competent jurisdiction, it does not affect the remaining portions of this ordinance, as the various portions and provisions of this ordinance are severable. The City Council, declares that it would have passed each and every part of this ordinance notwithstanding the omission of any part that is declared invalid or unconstitutional. Section 2. This ordinance shall become effective on the first day of May 1, 2019. City of Anna Ordinance No. Page 1 Passed and approved this the day of Z2 2 4 Carrie L. Smith, City Secretary NLiite Pike, Mayor CY 4,q City of Anna Ordinance No. 6 IU Page 2 ;�RS � XAS MUNICIPAL RETIREMENT Sysnm July 25, 2018 Via E -Mail Ms. Stephanie Beitelschies HR Manager City of Anna PO Box 776 Anna, TX 75409 Dear Stephanie: We are pleased to enclose a model ordinance for your city to adopt: Restricted Prior Service Credit This option allows a member city to grant restricted prior service credit to employees for service performed for: • A public authority or agency created by the United States. • Any state or territory of the United States. • Any political subdivision of any state of the United States. • Any public agency or authority created by a state or territory of the United States. • Previously forfeited service with one of the five statewide retirement systems in Texas (Texas Municipal Retirement System, Texas County and District Retirement System, Teacher Retirement System of Texas, Employees Retirement System of Texas, and Judicial Retirement System of Texas). • Any institution of higher education at which the person was commissioned as a campus security personnel employee. This credit is used to satisfy length of service requirements for "vesting" and service retirement eligibility; it has no monetary value. The city's contribution rate will not be immediately affected by the adoption of this provision. Because Restricted Prior Service Credit allows employees time credit for vesting and retirement eligibility requirements, it can have an impact on the city's contribution rate in future years as employees apply for the credits; however, any such rate increase is generally expected to be very slight in any given year, depending upon the amount of service credit added. We would appreciate receiving a copy of the enclosed ordinance as soon as possible after its adoption. If you have any questions or concerns, please do not hesitate to contact me at 1-800-924-8677. erely, Eric W. Davis Deputy Executive Director TMRS 512.476.7577 P.O. Box 149153 TOLL-FREE 800.924.8677 AUSMN, TEXAS 78714-9153 www.TMRS.com (}v FAX 512.476.5576 OC> 5 N o0 O O N t:3 .-'>' o � cd ti U a1 rh N O N O w U U O .-r h N o U nr � 04 d y U O Q 0 N � H ti CC3 0 O u O w "MMO w o y I;k O � O Oril ~ of b C) 0 7 -< R, V Cd 'L x N G � N i''•1 �I y y�j 4_ U Ci C� OCIS r d o J cQ coa co a b Op N 4ai M" c cdV] Lei b N b i vn rA aA �cd P,E� F- >,)UcZ' P.,P4c ww j�� �j2L�� q d (,i