HomeMy WebLinkAboutOrdinance - 6234-1971 - "Antecedent Ser. Credit" & " Special Prior Serv. Credit" Rates - 11/11/1971Ord No. 6277 Correcting Ord 6234
ORDINANCE NO. 62~4 ---=~----
AN ORDINANCE UNDERTAKING TO PROVIDE FOR, AND GRANTING
11ANTECEDENT SERVICE CREDIT'' AND "SPECIAL PRIOR SERVICE CREDIT"
AT THE RATES HEREIN SPECIFIED, TO QUALIFYING EMPLOYEES OF THE
CITY OF LUBBOCK, TEXAS; PROVIDING THAT ANY ORDINANCE IN CONFLIC
HEREWITH IS HEREBY REPEALED.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
SECTION 1. THAT each person who is an employee of the City of Lub-
bock on the 31st day of December, 1971 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 Statute
as amended by Chapter 371, Acts Regular Session 61st Legislature, is hereby
granted, effective on the date last above mentioned, 11antecedent service credit'1
(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 31st day of December, 1971.
SECTION 2. THAT each person who is an employee of the City of Lub-
bock on the 31st day of December, 1971 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, Vernon1s
Texas Civil Statutes as amended by Chapter 371, Acts of the Regular Session,
61st Legislature} a 11Special Prior Service Credit11 in an amount equivalent to the
accumulation at interest, as provided in said Act, of a series of monthly payment
of Five per cent (5%) of the member 1s 11average prior service compensation11 for
the number of months of prior service certified to in such member's prior ser-
vice certificate. The special prior service credit herein provided for shall be in
addition to the prior service credit heretofore allowed such member.
Any person who was employed by the City of Lubbock prior to December
31, 1971, 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, provide
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 th
31st day of December, 1971, and provided such person thereupon continues as an
employee of a participating department of the City of Lubbock for a period of five
(5) consecutive years.
SECTION 3. THAT an)'." Ordinance or Ordinances that are in conflict
with this Ordinance be and the same are hereby repealed.
AND IT IS SO ORDERED.
Passed by the Council on first reading this 11
Passed by the Council on second reading this __ llLI
ATTEST:
APPROVED AS TO FORM:
Fred 0, Senter,
November , 1971. _......;.. ________ _
December , 1971. --===::;.;::.:.... __ ____;