Does the description disclose side effects, auth requirements, rate limits, or destructive behavior?
With no annotations, the description carries the full behavioral burden. It accurately and simply conveys that this is a side-effect-free read returning a timestamp, and the ISO-8601 format specification adds useful precision. It does not state the timezone, but 'server's current time' is sufficiently explicit for a zero-parameter getter.
Agents need to know what a tool does to the world before calling it. Descriptions should go beyond structured annotations to explain consequences.