ORD 1995-29 - TMRS - 20 Year Retirement Option 09-12-1995ORDINANCE NO. 95-29
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
HUNTSVILLE, TEXAS, AFFECTING PARTICIPATION OF CITY
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 PRESCRIBING THE EFFECTIVE DATE FOR THE ORDINANCE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF HUNTSVILLE, TEXAS, that:
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 Huntsville, 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 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 provisions of the Texas Open Meetings Act, Chapter 551, Texas
Government Code.
(c) The rights hereinabove 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 become effective on the 1 st day of January, 1996.
PASSED AND APPROVED this the 12th day of September, 1995.
THE CITY OF HUNTSVILLE
William B. Green, Mayor
ATTEST:
hanna Welter, City Secretary
APP ED:
"T
Scott Bounds, City Attorney