City of Corpus Christi - File #: 23-1460

• File #: 23-1460
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 8/25/2023
• In control: City Council
• On agenda: 8/29/2023
• Final action: 9/5/2023
• Title: Ordinance authorizing updates to the City of Corpus Christi’s Texas Municipal Retirement System benefits (1) adopting non-retroactive repeating COLAs for retirees and their beneficiaries under Texas Municipal Retirement System Act and (2) authorizing annually accruing updated service credits; decreasing the TMRS contribution rate from 16.57% to 16.29% for calendar year 2024.
• Sponsors: Human Resources

Date	Ver.	Action By	Action	Result
9/5/2023	1	City Council	passed on second reading	Pass
8/29/2023	1	City Council	passed on first reading	Pass

Title

Ordinance authorizing updates to the City of Corpus Christi’s Texas Municipal Retirement System benefits (1) adopting non-retroactive repeating COLAs for retirees and their beneficiaries under Texas Municipal Retirement System Act and (2) authorizing annually accruing updated service credits; decreasing the TMRS contribution rate from 16.57% to 16.29% for calendar year 2024.