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TEXAS MUNICIPAL RETIREMENT SYSTEM
AN ORDINANCE ELECTING TO NOT PROVIDE FIVE-YEAR VESTING
FOR EMPLOYEES OF THE CITY OF KENNEDALE, TEXAS, WHO ARE
MEMBERS OF THE TEXAS MUNICIPAL RETIREMENT SYSTEM.
`1!lHEREAS, t!;e City efK.ennedale, Texas. has elected to participate in the Texas Municipal
Retirement System (the "System") pursuant to the provisions of Subtitle G of Title 8 ofi the
Government Code, as amended (the "TMRS Act"); and
WHEREAS, Section 854.205 of the TMRS Act, as amended effective September 1, 2001,
provides that, unless a participating municipality's governing board files with the Board of
Trustees of the System before December 31, 2001, an election to not provide five-year vesting
for its employees who are members of the System, such employees may, if they have at least
five years of credited service with cities that do provide five-year vesting, terminate covered
employment and remain eligible to retire and receive a service retirement annuity when they
have attained an applicable retirement age as provided by law; and
WHEREAS, the City Council of the City of Kennedale, Texas, finds that it will be in the public
interest to elect not to provide for such five-year vesting; now, therefore
BE IT ORDAINED BY THE CITY COUNCIL OF KENNEDALE, TEXAS:
Section 1. The City Council of the City of Kennedale, Texas, elects not to provide five-year
vesting under Section 854.205 of the TMRS Act, and the City is hereby authorized and directed
to file notice of this election with the Board of Trustees of the System before December 31,
2001.
Sectian 2. The ; rovisia^.s of this crdina^ce shall becon-!e effective en the 81st .day of
~~~~,,,,~~~cember, 2001.
V • ~~&sed and approved this the 13
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City ecretary or Clerk
day of September , 2001.
APPROVED:
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