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<br /> <br /> <br /> <br /> <br /> <br /> (b) The amount of annuity increase under this Section <br /> is computed as the sum of the prior and current service <br /> annuities on the effective date of retirement of the person <br /> on whose service the annuities are based, multiplied by 70% <br /> of the percentage change in Consumer Price Index for A?1 <br /> Urban Consumers, from December of the year immediately <br /> proceding the effective date of the person's retirement to <br /> the December that is 13 months before the effective date of <br /> this ordinance. <br /> (c) An increase in an annuity that was reduced because <br /> of an option selection is reducible in the same proportion <br /> and in the same manner that the original annuity was <br /> reduced. <br /> (d) If a computation hereunder does not result in an <br /> increase in the amount of an annuity, the amount of the <br /> annuity will not be changed hereby. <br /> (e) The amount by which an increase under this Section <br /> exceeds all previously granted increases to an annuitant is <br /> an obligation of this City and of its account in the munic- <br /> ipality accumulation fund of the Texas Municipal Retirement <br /> System. <br /> Section 3. Effec.tive Date. <br /> <br /> Subject to approval by the Board of Trustees of Texas <br /> Municipal Retirement System, the updated service credits and <br /> increases in retirement annuities granted hereby shall be <br /> and become effective on the lst day of January, 1986. <br /> Passed and adopted this llth day of November, 1985. <br /> <br /> <br /> <br /> P <br /> G rge Fis er, r., Mayor <br /> <br /> ATTEST: <br /> <br /> <br /> <br /> C.~ ~ <br /> Mattie Cunninghity Clerk <br /> <br /> APPROVED AS TO FORI,1I: <br /> <br /> <br /> <br /> T. 4Ha'~nes-,,' City Attorney <br />