CouncilTrac · Matter

Public hearing and ordinance to allow retirement after 20 years of TMRS service

Status unknown Ordinance

What this is

The council is considering an ordinance that would amend Section 2-123(a) of the city's Code of Ordinances to allow eligible city employees who are members of the Texas Municipal Retirement System (TMRS) to retire and receive a service retirement annuity once they have at least 20 years of credited service, consistent with Section 854.202(g) of the Texas Government Code.

Why it matters

This change would expand retirement eligibility for qualifying city employees, potentially affecting workforce retention and the city's long-term pension obligations.

Timeline

Appearances on agendas

  • Item 6 Public hearing

    City Council — August 22, 2022

    Hold public hearing and consider adopting ordinance amending Code of Ordinances Section 2-123(a)

    Official agenda language

    PUBLIC HEARING AND CONSIDER ORDINANCE AMENDING SECTION 2-123 (a) OF CODE OF ORDINANCES TO PROVIDE AN EMPLOYEE WHO IS A MEMBER OF THE TEXAS MUNICIPAL RETIREMENT 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 PURSUANT TO SECTION 854.202(g) OF SUBTITLE G OF TITLE 8, TEXAS GOVERNMENT CODE.

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