§ 2-156. Granting additional rights

(a) Pursuant to the provisions of V.T.C.A., Government Code § 854.202(g) (hereinafter referred to as the "TMRS Act"), the city adopts the following provisions affecting participation of its employees in the Texas Municipal Retirement System (hereinafter referred to as the "system"):

(1) 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) of the TMRS Act.

(2) Prior to adopting this section, the governing body of the city:

a. Prepared an actuarial analysis of member retirement annuities at 20 years of service; and

b. Held a public hearing pursuant to the notice provisions of the Texas Open Meetings Act, V.T.C.A., Government Code ch. 551.

(3) The rights authorized in this section shall be in addition to the plan provisions adopted and in force at the effective date of this section pursuant to the TMRS Act.

(b) This section shall become effective on May 22, 1999.

(Ord. No. 793, §§ 1, 2, 5-17-1999)