Title
Discuss the addition of restricted prior service credit to the City’s offering under the Texas Municipal Retirement System (TMRS).
Body
REQUESTOR:
Human Resources Department
BACKGROUND:
The Texas Municipal Retirement System (TMRS) allows participating municipalities to adopt provisions that enhance employee retirement benefits. One such provision is the addition of restricted prior service credit, which recognizes prior service for employees who worked in other qualifying public service positions. Under TMRS rules, municipalities may adopt restricted prior service credit through a city ordinance.
DISCUSSION:
This enhancement aligns with the City’s strategic goals of maintaining competitiveness in public-sector employment.
FISCAL IMPACT:
No Financial Impact
ATTACHMENT(S):
1. Cities offering Restricted Prior Service Credit
2. Presentation