HomeMy WebLinkAboutOrd 924 Authorizing PRSC with TMRSTOWN OF WESTLAKE
ORDINANCE NO. 924
AN ORDINANCE OF THE TOWN OF WESTLAKE AUTHORIZING AND
ALLOWING, UNDER THE ACT GOVERNING THE TEXAS MUNICIPAL
RETIREMENT SYSTEM, RESTRICTED PRIOR SERVICE CREDIT TO EMPLOYEES
WHO ARE MEMBERS OF THE SYSTEM FOR SERVICE PREVIOUSLY
PERFORMED FOR VARIOUS OTHER PUBLIC ENTITIES FOR WHICH THEY
HAVE NOT RECEIVED CREDITED SERVICE; AND ESTABLISHING AN
EFFECTIVE DATE FOR THE ORDINANCE.
WHEREAS, the Town Council of the Town of Westlake desires to maintain a
competitive and comprehensive benefit package for its employees; and
WHEREAS, the Texas Municipal Retirement System allows Restricted Prior Service
Credit to be authorized by municipalities for previous non -credited public service; and
WHEREAS, the Town Council of the Town of Westlake, Texas, is of the opinion that it
is in the best interests of the Town and its citizens that the amendments should be approved and
adopted.
NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN
OF WESTLAKE, TEXAS:
SECTION l: That the Town Council hereby authorizes Restricted Prior Service Credit
with the Texas Municipal Retirement System based on the following terms:
(a) On the terms and conditions set out in Sections 853.305 of Subtitle G of Title 8,
Texas Government Code, 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 Town shall receive restricted prior service credit
for service previously performed as an employee of any of the entities described in said Section
853.305 provided that (1) the person does not otherwise have credited service in the System for
that service, and (2) the service meets the requirements of said Section 853.305.
(b) 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 other computations, including
computation of Updated Service Credits.
(c) A member seeking to establish restricted prior service credit under this Ordinance
must take the action required under said Section 853.305 while still an employee of this Town.
Ordinance 924
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SECTION 2: All other Ordinances in effect and not in conflict with this Ordinance shall
remain in full force and effect.
SECTION 3: This Ordinance shall take effect immediately from and after its passage as
the law in such case provides.
PASSED AND APPROVED ON THIS 29TH DAY OF MARCH 2O21.
ATTEST:
4/V/
Todd Wood, Town Secretary
APPROVED AS TO FORM:
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L. Stanton Lowry, Town Attorney
Laura Wheat, Mayor
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Amanda DeGan, Town Manager
7' E y. Pr?
Ordinance 924
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