§ 14-38. Credit for military service.

(a)

Pursuant to section 63.502, subchapter F of chapter 63, title 110B, Revised Civil Statutes of Texas, as amended, the city hereby elects to allow eligible members in its employment to establish credit in the Texas Municipal Retirement System for active military service performed as a member of the armed forces or armed forces reserves of the United States or an auxiliary of the armed forces or armed forces reserves. "Eligible members," as used herein, shall be those employees meeting the criteria set forth in sections 63.502(b) and 63.503 of subchapter F, and the amount and use of creditable military service shall be as further set forth in section 63.505.

(b)

In order to establish credit for military service hereunder, a member must deposit with the Texas Municipal Retirement System (in that member's individual account in the Employees Saving Fund) an amount equal to the number of months for which credit is sought, multiplied by fifteen dollars ($15.00). The city agrees that its account in the Municipality Accumulation Fund is to be charged at the time of the member's retirement with an amount equal to the accumulated amount paid by the member for military service credit, multiplied by the city's current service matching ratio in effect at the date the member applied for such military service credit.

Editor's note

Being not specifically amendatory of the Code, the provisions Ord. No. 89-5, §§ 1 and 2, adopted Dec. 18, 1989, have been included herein as a new § 14-38 at the editor's discretion. These provisions became effective Jan. 1, 1990.