§ 2-280. Provisions affecting employee participation.

(a)

Pursuant to the provisions of V.T.C.A., Government Code § 854.202(g), the city adopts the following provisions affecting participation of its employees in the Texas Municipal Retirement System (herein 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 the ordinance from which this section is derived, the city council has:

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 § 551.001 et seq.

(3)

The rights hereinabove authorized shall be in addition to the plan provisions heretofore adopted and in force at the effective date of the ordinance from which this section is derived pursuant to the TMRS Act.

(Code 1992, § 2-162)