§ 2-341. Participation in municipal retirement system

(a) The city council, on behalf of the city, hereby exercises its option and elects to have the city and all of the employees of all departments now existing and those hereafter created participate in the Texas Municipal Retirement System as provided in the Texas Municipal Retirement System Act.

(b) The city manager is hereby directed to notify the board of trustees of the Texas Municipal Retirement System that the city has elected to participate and have the employees of the city converged in the system.

(c) Each person who becomes an employee of a participating city on or after the effective date of participation of such city whose position shall require more than 1,000 hours per year shall become a member of the Texas Municipal Retirement System as a condition of his employment.

(d) In accordance with the provisions of the Texas Municipal Retirement System Act, the deposits to be made to the Texas Municipal Retirement System on account of current service of the employees of the several participating departments are hereby fixed at a percentage of the full earnings of each employee of said departments, and to be reviewed annually at budget time and changed as approved by council.

(e) Each employee who qualifies for such credit shall be allowed "prior service credit," as defined in section 63.101 of the Texas Municipal Retirement System Act, at the rate of 100 percent of the "base credit" of such member, calculated in the manner prescribed in section 63.105 of said Act.

(f) For each month of current service rendered to this city by each of its employees who are members of Texas Municipal Retirement System, the city will contribute to the current service annuity reserve of each such member at the time of his retirement, a sum that is 100 percent of such member's accumulated deposits for such month at employment; and said sum shall be contributed from the city's account in the municipality accumulation fund.

(g) The city secretary is hereby directed to remit to the board of trustees of the Texas Municipal Retirement System, the city contributions to the system and the amounts which shall be deducted from the compensation or payroll of employees, all as required by said board under the provisions of the Texas Municipal Retirement System Act, and the said official is hereby authorized and directed to ascertain and certify officially on behalf of this city the prior service rendered to the municipality by each of the employees of the participating departments, and the average prior service compensation received by each, and to make and execute all prior service certifications and all other reports and certifications which may be required of the city under the provisions of the TMRS Act, or in compliance with the rules and regulations of the board of the Texas Municipal Retirement System.

(h) Any employee of the city who is a member of the system is eligible to retire and receive a service retirement annuity if the member has at least 20 years of credited service in the system performed for one or more municipalities that have adopted a like provision under V.T.C.A., Government Code § 854.202(g).

(Code 1993, § 35.15; Ord. No. 285, 10-3-1988; Ord. No. 00-10-499, 10-2-2000)