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The total annual earnings which may be paid by the city to any of its employees who are members of the State Municipal Retirement System shall be considered in calculating the amount to be withheld and the deposits and contributions to be made to the State Municipal Retirement System by reason of current service rendered by the employee to the city.
(1998 Code, § 90-226)
All employees of the city who are members of the State Municipal Retirement System shall make deposits to the system at the rate of 7% of their individual earnings. However, this rate shall not be applied to earnings in excess of the maximum earnings subject to retirement deductions as fixed by ordinance.
(1998 Code, § 90-227)
Any employee of the city who has attained the age of 60 years with five years vesting, or has completed 20 or more years of creditable service for which he or she is entitled to credit in the State Municipal Retirement System, shall be eligible for service retirement as provided in Tex. Gov’t Code § 854.102(b). Any such employee who shall have completed 20 years or more of creditable service or attains the age of 60 years and has five years vesting as an employee of the city shall continue as a member of the State Municipal Retirement System despite subsequent absence from service for a period in excess of 60 months; provided, he or she does not withdraw his or her deposits during the absence, and shall be eligible for retirement upon and after attainment of the minimum age prescribed by Tex. Gov’t Code § 854.102(b).
(1998 Code, § 90-228)
Firefighters may defer federal income taxes under the terms of the State Local Firefighters Retirement Act, Tex. Rev. Civ. Stat. Art. 6243e, subject to a favorable determination by the Internal Revenue Service that the firefighters’ pension plan is a qualified retirement plan.
(1998 Code, § 90-229)
(A) The city adopts the following plan provisions affecting participation of its employees in the state municipal retirement system.
(1) Each person who becomes an employee of any participating department of the city and who is not already a member of the State Municipal Retirement System shall become a member of the system as a condition of employment; provided, such person is then under 60 years of age.
(2) Any member, shall be eligible for service retirement who has completed 20 years of creditable service with the city or who has attained the age of 60 years and has completed at least five years of creditable service with participating municipalities which have adopted the plan provisions of this section, or who has become eligible for service retirement under any other applicable provision of Tex. Gov’t Code §§ 851.001 et seq.
(3) The membership of any member who has completed at least five years of creditable service with the city and other participating municipalities which have adopted the plan provisions shall not terminate because of absence from service.
(4) Any person who was an employee of a participating department of the city at the effective date of Ord. 79-18, but who at the date of his or her employment was under 60 years of age, but did not become a member of the State Municipal Retirement System because he or she was then above the maximum age then prescribed by law for initial membership in the system, shall become a member of the system at the effective date of Ord. 79-18, unless he or she has already become a member under other provisions of the governing act, and shall be allowed prior service credit for each month of creditable service performed for the city subsequent to the date such person was precluded from membership and prior to the effective date of his or her membership. Such prior service credit shall be calculated using the same percentage of the base prior service credit as was most recently used in calculating prior service credits or updated service credits in such system for current member employees of the city.
(B) The rights, credits and benefits authorized in this section shall be in addition to the plan provisions adopted before 11-7-1979, and in force at the effective date of Ord. 79-18 pursuant to the act governing such system.
(1998 Code, § 90-230)
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