Subject: 19836/SchoolEmployees/RetirementBenefits-CreditableService
Date: Fri, 24 Jan 1992 10:55:00 -0500


                            RESOLUTION NO.   19836  
                  
                  
                   A RESOLUTION AUTHORIZING CHATTANOOGA PUBLIC
                   SCHOOL SYSTEM EMPLOYEES WHO ARE GROUP 1
                   MEMBERS OF THE TENNESSEE CONSOLIDATED
                   RETIREMENT SYSTEM TO QUALIFY FOR RETIREMENT
                   BENEFITS WITH FIVE (5) YEARS OF CREDITABLE
                   SERVICE IN ACCORDANCE WITH PUBLIC CHAPTER
                   NUMBER 934, ACTS OF 1992.
                  
                  
                                                    
                  
                  
       	    	 WHEREAS, Public Chapter Number 934, Acts of 1992,
       provides that any individual who is a Group 1 member of the
       Tennessee Consolidated Retirement System by virtue of his
       employment with an employer participating in said System pursuant 

       to Title 8, Chapter 35 of Tennessee Code Annotated must have a
       total of ten (10) years of creditable service to qualify for
       retirement benefits unless the chief governing body of such
       employer passes a resolution reducing the required years of
       service from ten (10) to five (5) and accepting the liability
       therefor; and
       	    	 WHEREAS, certain employees of the Chattanooga Public
       School system are eligible for said retirement benefits based 
upon
       their years of creditable service and could qualify for these
       additional benefits;
       	    	 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
       THE CITY OF CHATTANOOGA, TENNESSEE, That the Group 1 members of
       the Tennessee Consolidated Retirement System be and are hereby
       authorized to qualify for retirement benefits upon attaining five 

       (5) years of creditable service in accordance with Public Chapter 

       Number 934, Acts of 1992, with the Chattanooga Public School
       system accepting liability therefor.
      
       ADOPTED:	 May 11, 1993
      
       MAM:cjc
0C
       STATE OF TENNESSEE  )
       	    	      	   )
       COUNTY OF HAMILTON  )
      
      
       	    	 I, CAROL K. O'NEAL, Clerk of the City Council of the
       City of Chattanooga, Tennessee, do hereby certify that this is a
       true and exact copy of the foregoing resolution that was approved 

       and adopted at a meeting held on the 11th day of May, 1993, the
       original of which is on file in this office.  I further certify
       that _____ members voted in favor of the resolution and that ____ 

       members were present and voting.
      
       	    	 IN WITNESS THEREOF, I have hereunto set my hand and the
       seal of the City of Chattanooga, Tennessee.
      
      
      
       	    	      	   	     ___________________________________
       (SEAL)	      	   	     	       CAROL K. O'NEAL
       	    	      	   	     	  Clerk of the City Council