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Opt Out
Revocation
TEXAS MUNICIPAL RETIREMENT SYSTEM
AN ORDINANCE REVOKING THE ELECTION TO NOT PROVIDE FIVE-
YEAR VESTING FOR EMPLOYEES OF THE CITY OF KENNEDALE,
TEXAS, WHO ARE MEMBERS OF THE TEXAS MUNICIPAL
RETIREMENT SYSTEM.
WHEREAS, the City of Kennedale, Texas, has elected to participate in the Texas Municipal
Retirement System (the "System") pursuant to the provisions of Subtitle G of Title 8 of 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 filed 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, by ordinance approved prior to December 31, 2001, the City of Kennedale elected
not to provide five-year vesting under section 854.205 of the TMRS Act, but said section allows
a city to revoke that election; and
WHEREAS, The City Council of the City of Kennedale, Texas, finds that it will be in the public
interest to revoke the election 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 to revoke the prior
election not to provide five-year vesting under section 854.205 for its employees. The City shall
promptly notify the Board of Trustees of the System of this action.
Section 2. The provisions of this ordinance shall become effective on the first day of
October 200 3
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••ed and approved this the 11
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City ecretary or Clerk
day of September , 200~Y3
APPROVED:
May