File #: 16-1316    Version: Name:
Type: Ordinance Status: Passed
File created: 11/3/2016 In control: City Council
On agenda: 11/15/2016 Final action: 12/13/2016
Title: Second Reading Ordinance - Continuing Texas Municipal Retirement System (TMRS) Updated Service Credits for Current Participants and Increases for Prior and Current Annuities Ordinance authorizing and allowing, under the Act governing the Texas Municipal Retirement System, "Updated Service Credits" in said system for service performed by qualifying members of such system who presently are members of the City of Corpus Christi; providing for increased prior and current service annuities for retirees and beneficiaries of deceased retirees of the City; establishing an effective date for such actions; and providing for severance.
Sponsors: Human Resources
Attachments: 1. Agenda Memo - TMRS Ad Hoc 2016, 2. Ordinance - Updated Service Credits - TMRS 2017, 3. TMRS Letter

Title

Second Reading Ordinance -  Continuing Texas Municipal Retirement System (TMRS) Updated Service Credits for Current Participants and Increases for Prior and Current Annuities

 

Ordinance authorizing and allowing, under the Act governing the Texas Municipal Retirement System, "Updated Service Credits" in said system for service performed by qualifying members of such system who presently are members of the City of Corpus Christi; providing for increased prior and current service annuities for retirees and beneficiaries of deceased retirees of the City; establishing an effective date for such actions; and providing for severance.