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Providing that municipalities participating in the Texas Municipal Retirement System may allow to eligible members updated service credits calculated to include, on the conditions stated, unforfeited credited service arising from previous employment of the member by other participating municipalities; amending Section 65.402, Title 110B, by adding Subsection (j), which provides that from and after January 1, 1984, participating municipalities in the Texas Municipal Retirement System shall pick-up and make the contributions which employees who are members of the Texas Municipal Retirement System otherwise are required to make and shall, unless the governing body of the employing municipality otherwise provides, offset the contributions so picked-up by corresponding reduction in the compensation of the employee; providing for continued withholding of federal income taxes on picked-up contributions until determination that the same are not includible in the gross income of the member; providing that picked-up contributions shall be treated as employer contributions in determining tax treatment under the United States Internal Revenue Code, but shall be treated for all other purposes of Subtitle G, Title 110B, in the same manner and with like effect as employee contributions; providing that picked-up employee contributions shall not be included in calculating certain limitations on municipality contributions; and declaring an emergency.