HomeMy WebLinkAboutOrdinance - 9931-1996 - Amending Ordinance 9840. Texas Municipal Retirement System - 08/08/1996First Reading
i August 8, 1996
Item #22
Second Reading
August 22, 1996
Item #27
ORDINANCE NO. 9931 _.......,. _____ _
,-
AN ORDINANCE AMENDING ORDINANCE NO 9840 OF THE CITY OF
LUBBOCK wrm REGARD TO THE TEXAS MUNICIPAL RETIREMENT SYSTEM;
ESTABLISIIlNG THE MAXIMUM COMBINED RATES OF THE CITY'S NORMAL
CONTRIBUTIONS AND PRIOR SERVICE CONTRIBUTIONS TO THE TEXAS
MUNICIPAL RETIREMENT SYSTEM PURSUANT TO SECTION 855.501 OF TITLE 8, •
TEXAS GOVERNMENT CODE, AS AMENDED; AND PRESCRIBING AN EFFECTIVE
DATE FOR nns AMENDMENT.
BE IT ORDAINED BY THE CITY COUNCJL OF THE CITY OF LUBBOCK:
SECTION 1. THAT all provisions of City of Lubbock Ordinance No. 9840 pertaining to
· the Texas Municipal Retirement System not specifically amended by this Ordinance shall continue
in full force and effect. ·
SECTION 2. THAT Ordinance No. 9840 of the City of Lubbock, Texas, is hereby
amended by adding the following paragraphs which shall read as follow$:
Increase in Statutory Maximum. Pursuant to provisions of Section 855.S0IG) of
Subtitle G of Title 8, Texas Government Code, as amended (which subtitle is referred to as the
("TRMS Act"), the City of Lubbock, Texas, agrees to be liable tor the combined normal
. contnoution rate and prior service contribution rate for the City's participation in the Texas
! Municipal Retirement System (herein referred to as "System"), as those:rates are approved by the
System's Board of Trustees from time to time under the provisions oflthe TMRS Act, provided
1that the combined rate does not exceed 13.50%. ·
SECTION 3. Subject to approval by the Board of Trustees of the System, this Ordinance
\shall be and become effective on the 1st day of January, 1997.
AND IT IS SO ORDERED.
l>assed by the City Council on second read' g t
ATTEST: .
~Intt:~
ING THE TIMES N WHICH SAi.Pt, \TAXES BE PAI , AND ASSES .. ,u , ING PEN/I.LTV AND INTEREi>T,,,, •
FOR NONPAYENT OF sue~ ...
TAXES WITHIN 'ljHE TIME PR0-11' VtDED~ : '~'t'l:lfl (01i~;:::i"~~:f ..
11.N ORDINtCE AMEND,·;'. ING OROIN/1.N E NO. 91!40 OF • THE CIT\' FOR U8BOCK WITl·l~ REGARD TOT E TEXAS MU· , N,C"AC Rm EME_, 5'•·.' TEMI EITA6 !SHING THI;:,, MAXIMUM CO B!NED RAT,15,$,.-
0F THE CITY'S NORMAL CON•
, TRIBUTIONS II.ND PRIOR SER-
VICE CONTRIBUTIOrs TO Ti ~~~v'f/fe.iff R;Mn:\Poc,
SECTION 155.501 OF TITLE -1,;
TEXAS GOVERNMENT cooi'.,' 11.S AMENDED; -'ND PRESC!U , ING AN EFFECTIVE! DATE FOR. ,
THIS ,t,Nll!NDMENT. .,,
PATTI TATE
· Notary Public, State of Texas
My Commission Expires
, 7-05-2000
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