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<br /> <br /> <br /> <br /> <br /> <br /> (c) An increase in an annuity that was reduced because of an option selection is reducible <br /> in the same proportion and in the same manner that the original annuity was reduced. <br /> <br /> (d) If a computation hereunder does not result in an increased n the amount of annuity, <br /> the amount of the annuity will not be changed hereby. <br /> <br /> (e) The amount by which an increase under this Section exceeds all previously granted <br /> increases to an annuitant is an obligation of this City and of its accountant in the municipality <br /> accumulation fund of the System. <br /> <br /> Section 3. EFfective Date <br /> <br /> Subject to approval by the Board of Trustees of Texas Municipal Retirement System, the <br /> updated service credits and increases in retirement annuities hereby granted shall be and become <br /> effective on 1 st day of January, 1995. <br /> <br /> PASSED AND ADOPTED this lOth day of October, 1994. <br /> <br /> <br /> <br /> Don Shelton, ayor <br /> <br /> ATTEST: <br /> <br /> <br /> <br /> Mattie Cunningham, City Clerk <br /> <br /> AP'PItOVED S TO FORM: <br /> <br /> <br /> <br /> T. K. Haynes, ity Attorney <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> 2 <br />