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<br /> <br /> <br /> <br /> <br /> <br /> <br /> URDINANCE N0. 93-055 <br /> <br /> <br /> AN ORDINANCE PROVIDtNG FOR INCREASED MUNICIPAL <br /> CONTRIBUTIONS TO THE CURRENT SERVICE ANNUITY RESERVE AT <br /> RETIREMENT OF THE EMPLOYEES OF THE CITY OF PARIS; AND <br /> PROVIDING FOR AN EFFECTIVE DATE OF JANUARY l, 1994. <br /> <br /> BE IT URUAINED BY THE CITY COUNCIL OF THE CITY OF PARIS: <br /> Section 1. That efrective January 1, 1994, for each <br /> month of current service thereafter rendered by each of its <br /> employees who are members of the Texas Nlunicipal Retirement <br /> System, the City will contribute to the current service <br /> annuity reserve of each such niember at the time of his or her <br /> retirement a sum that is 200% of such member's accumulated <br /> deposits tor such month of employment; and said sum shall be <br /> contributed from the City's account in the municipality <br /> accumulation fund. <br /> Section 2. Effective Date. <br /> <br /> Subject to approval by the Board of Trustees of the <br /> System, this ordinance shall be and become effective on the <br /> lst day of .7anuary, 1994. <br /> Passed and adopted this 22nd day of November, 1993. <br /> <br /> <br /> <br /> 4Grge`Fisher, Mayor <br /> <br /> ATTEST : <br /> <br /> <br /> <br /> Mattie Cunningham, Ci er <br /> <br /> <br /> APPROVED A TO FORM: <br /> <br /> <br /> <br /> T. K. ayries, City Attorney <br />