§ 8.607. Additional Rights

(a)

Pursuant to the provisions of Section 854.202(g) of Subtitle G of Title 8, Texas Government Code, as amended, which Subtitle shall herein be referred to as the "TMRS Act", the City of Bowie, Texas, 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 Section 854.202(g) of the TMRS Act.

(2)

Prior to adopting this article, the governing body of the city has: (1) prepared an actuarial analysis of member retirement annuities at 20 years of service; and (2) held a public hearing pursuant to the notice provisions of the Texas open Meetings Act, Chapter 551, Texas Government Code.

(3)

The rights hereinabove authorized shall be in additions to the plan provisions heretofore adopted and in force at the effective date of this article pursuant to the TMRS Act.

(b)

Pursuant to Section 853.502, Subchapter F of Chapter 853, Title 8, Texas Government Code as amended, the City of Bowie 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 853.502(b) and 853.503 of said Subchapter F, and the amount and use of creditable military service shall be as further set forth in Section 853-505.

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 $15.00. The City of Bowie 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 applies for such military service credit.

(Ord. No. 99-6 adopted 8-17-99; Ord. No. 2000-14 adopted 9-5-00)