HomeMy WebLinkAboutOrdinance - 6235-1971 - Retirement Under Texas Municpal Retirement System Of Employees - 11/11/1971-~ ._
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ORDINANCE NO. 6215 ......., _____ _
AN ORDINANCE PROVlDING FOR AND ALLOWING VESTING OF CERTAI
RIGHTS. AND FOR RETIREMENT UNDER TEXAS MUNICIPAL RETIREME NT
SYSTEM OF EMPLOYEES OF THE CITY OF LUBBOCK WHO HAVE ATTAINED
FIFTY YEARS OF AGE. AND HAVE COMPLETED TWENTY-FIVE YEARS OF
CREDITABLE SERVICE WITH SAID CITY; PROVIDING .AN EFFECTIVE DATE A
PROVIDING THAT ANY ORDINANCE IN CONFLICT HEREWITH IS HEREBY RE -
PEALED.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
SECTION 1. THAT effective on the 31st day of December, 1971, any em-
ployee of the City of Lubbock who has attained the age of fifty (50) years., and who
as an employee of this City has completed twenty-five or more years of creditabl
service for which he is entitled to credit in the Texas Municipal Retirement Sys ..
tern, and who has been a member of the System for one year or more, shall be
eligible for service retirement as provided in subsection l(b)., Section VII of Ar-
ticle 6243h, Vernon1s Texas Civil Statutes., as amended. Any such empl9yee who
shall have completed twenty (20) years or more of creditable service as an emplo ee
of said City shall continue as a member of Texas Municipal Retirement System
despite subsequent absence from service for a period in excess of sixty months,
provided he does not withdraw his deposits during such absence, and shall be el-
igible to retirement upon and after attainment of the minimum age prescribed by
the Act above mentioned.
SECTION 2~ THAT any ordinance or ordinances that are in conflict with
this Ordinance., BE and the same are hereby repealed.
November , 1971. _______ __,
December , 1971. _______ _,
APPROVED AS TO FORM: