HomeMy WebLinkAboutOrdinances (O-81-432)-01/05/1981
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ORDINANC~ NO. 0-81-432
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AN ORDINANCE PROVIDING FOR INCREASED MUNICIPAL
CONTRIBUTIONS TO THE CURRENT SERVICE ANNUITY
RESERVE AT RETIREMENT OF THE EMPLOYEES OF THE
CITY OF COLLEYVILLE ,TEXAS
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7 BE IT ORDAINED BY THE CITY COUNCIL OF COLLEYVILLE
, TEXAS:
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That effective January 1 ,1982 , for each month of Current Service
thereafter rendered by each--or-its employees who are members of the Texas
Municipal Retirement System, the City will contribute to the current service
annuity reserve of each such member at the t1me of his retirement, a sum
10 .that is 200% of such member's accumulated deposits for such
month of employment; and said sum shall be contributed from the City's
11 account in the Municipality Current Service Accumulation Fund.
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AND IT IS SO ORDERED.
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,
hearing being conducted on the !~ ~ of
/$ 1 day of ,
$-rf day of
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CITY OF COlLEYVILlE
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By:
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