Pursuant to V.T.C.A., Government Code § 851.001 et seq., as amended, the City of Grapevine
hereby elects to allow eligible members in its employment to establish credit in the
Texas Municipal Retirement System for 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, during a period in which the United
States is or was involved in a state of conflict with foreign forces. Eligible members
as used herein shall be those employees meeting the criteria set forth in V.T.C.A.,
Government Code § 853.501 et seq., and the amount and use of creditable military service
shall be as further set forth in that subchapter.
(b)
In order to establish credit for military service hereunder, a member must deposit
with the Texas Municipal Retirement System (in that member's individual account in
the employees saving fund), before the first anniversary of the effective date of
Ordinance No. 88-67 or before the first anniversary of the date the member becomes
eligible to establish the credit (whichever is later), an amount equal to the number
of months for which credit is sought, multiplied by $15.00, and the city must contribute
an amount equal to the amount required of the member, multiplied by the city's current
service matching percentage in effect on the date the member applies for credit hereunder.
The city agrees to pay into its account in the municipality accumulation fund all
sums which become due hereunder as a result of the granting of such credit.
(Ord. No. 88-67, § 1, 9-20-88)
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