18-95-Ordinance-Texas Municipal Retirement System 20 Years of Service-12/01/1995TEXAS MUNICIPAL RETIREMENT SYSTEM
Ordiance 18-95
AN ORDINANCE 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 SANGER, TEXAS:
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 7MRS Act,"
the City of Sanger, 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. 16 - Deem&,"
Sect_ This ordinance shall become effective on the 1st day of December
1995
Passed and approved this the hday of 1 )vve m —k, , 19Q5®
ATTEST:
F-ATWJ _I
Mayor
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