Ord 2839 11/20/1973 4,
ORDINANCE NO. 0-2,J57
AN ORDINANCE UNDERTAKING TO PROVIDE FOR,
AND GRANTING "ANTECEDENT SERVICE CREDIT"
AND "SPECIAL PRIOR SERVICE CREDIT" AT THE
RATES HEREIN SPECIFIED, TO QUALIFYING
EMPLOYEES OF THE CITY OF WICHITA FALLS,
TEXAS.
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF
WICHITA FALLS, TEXAS, THAT:
SECTION 1. Each person who is an employee of the City of
Wichita Falls on the 31st day of December, 1973 and who is at
that date a member of the Texas Municipal Retirement System
shall be allowed, and, upon the terms and conditions prescribed
by Sec. XVI of Article 6243h, Vernon' s Texas Civil Statutes, as
amended by Chapter 371, Acts Regular Session, 61st Legislature,
is hereby granted, effective on the date last above mentioned,
"antecedent service credit" (as that term is defined in said
Act) calculated on the basis of one hundred per cent (100%) of
each current service deposit actually made by such person with
the Texas Municipal Retirement System during each month of
current service performed for this city prior to the 1st day of
January, 1970.
SECTION 2 . Each person who is an employee of the City of
Wichita Falls on the 31st day of December, 1973 and who at said
date is a member of the Texas Municipal Retirement System and
who holds in said System an effective prior service certificate
granted by reason of service performed for this City prior to
its participation in said System, shall be allowed and is hereby
granted (upon the terms and conditions prescribed by Sec. XV of
Article 6243h, Vernon' s Texas Civil Statutes as amended by Chapter
371, Acts of the Regular Session, 61st Legislature) a "Special
Prior Service Credit" in an amount equivalent to the accumulation
at interest, as provided in said Act, of a series of monthly
payments of five per cent (5%) of the member' s "average prior
service compensation" for the number of months of prior service
certified to in such member' s prior service certificate. The
Special prior service credit herein provided for shall be in
addition to the prior service credit heretofore allowed such
member.
SECTION 3. Any person who was employed by the City of
Wichita Falls prior to December 31, 1973, whose membership in
Texas Municipal Retirement System by reason of such service has
not terminated, and who on said date is absent from service in
the employment of the city, shall be entitled to antecedent
service credit and to special prior service credit in the amount
(if any) he would have been allowed under Sections 1 and 2 hereof
had he been in active service on said date, provided such person
again becomes an employee of the city before termination of his
said membership in Texas Municipal Retirement System and within
five years from the 31st day of December, 1973, and provided such
person thereupon continues as an employee of a participating
department of the city of Wichita Falls for a period of five (5)
consecutive years.
PASSED AND APPROVED THIS THE 20TH DAY OF NOVEMBER, 1973 .
A.A.i.M A Y O R 0 ' /,'-' i 0 / 4- --'
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ATTEST:
4Th,
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City Clerk
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