OR 93-601 Credit in TX Municipal Retirement System for active military service TMRS=~
(Rev. 91g9)
TEXAS MUNICIPAL RETIREMENT SYSTEM
ORDINANCE NO. 93601
AN ORDINANCE ALLOWING CERTAIN EMPLOYEES OF THE CITY, WHO
PERFORMED OR HEREAFTER PERFORM ACTIVE SERVICE IN THE ARMED
FORCES (OR THEIR RESERVES OR AUXILIARIES) OF THE UNITED STATES
UNDER HONORABLE CONDITIONS, TO APPLY AND MAKE DEPOSITS FOR
AND TO RECEIVE SPECIAL CREDIT WITH THE TEXAS MUNICIPAL
RETIREMENT SYSTEM FOR LIMITED PORTIONS OF SUCH MILITARY SERVICE,
AND PROVIDING FOR PAYMENT BY THE CITY OF ITS SHARE OF THE COSTS
OF ALLOWING SUCH CREDITS.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF COPPELL:, TEXAS:
Section 1. Pursuant to Section 853.502, Subchapter F of Chapter 853, Title
Governmenu Code as amended, the City oi Coppoll hereby elects to allow eligible members in
its employment to establish credit in the Texas Municipal Retirement System lor active
military service performed as a member of the armed forces or armed forces reserves of the
United States or an auxiliary of the armed forces or armed forces reserves. Eligible members
as used heroin shall be those employees meeting the criteria set forth in Sections 853.502(b)
and 853.503 of said Subchapter F, and the amount and use ef creditable military service shall
be as further set lorth in Section 853,505.
Section 2. In order to establish credit ~or military service hereunder, a member must
deposit with the Texas Municipal Retirement System fin that member's individual account in
the Employees Saving Fund), an amount equal to ,he number of months for which credit is
sought, multiplied by $15.00. The City of Coppoll agrees that its account in the Munldpallty
Accumulation Fund is to be charged at the time of the member's retirement with an amount
equal to the accumulated amount paid by the member for military service credi% multiplied by
the City's current service matching ratio in effect at the date the member applies for such
military service credit.
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Section 3. This ordinance shall become eflective on the. J, ffr day of [';'
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Pas$ed and approved this the _.,/? day of ~/-~' jT~ ~/ 19
ATTEST: APPROVED:
fi.c~. i'- City Secretaz~ or Clerk M~aa)~/
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