§ 37.04. TEXAS MUNICIPAL RETIREMENT SYSTEM (TMRS)—AUTHORIZATION OF RESTRICTED PRIOR SERVICE CREDIT.

(A)

On the terms and conditions set out in Tex. Gov't Code, § 853.305 of Subtitle G of Title 8, 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 of the entities described in said Tex. Gov't Code, § 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 Tex. Gov't Code, § 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 credits under this section must take the action required under Tex. Gov't Code, § 853.305 while still an employee of this city.

(Ord. 2008-650, passed 8-21-08)