§ 18-55. Authorization of restricted prior service credit.
Latest version.
(a)
On the terms and conditions set out in V.T.C.A., Government Code § 853.305, 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 incorporated city or town in this state
and for which the person has not otherwise received credited service in the system.
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 computations, including computation
of updated service credits.
(b)
A member seeking to establish restricted prior service credit under this section 18-55 must take the action required under said Section 853.305 while still an employee
of this city.
(Ord. No. 92-06, § 1, 2-4-92)
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