§ 9-7. Texas Municipal Retirement System (TMRS).  


Latest version.
  • (a)

    Election to participate. On behalf of the City of Terrell, Texas, the city council hereby exercises its option and elects to have the city and all of the employees of all departments now existing or hereafter established participate in the Texas Municipal Retirement System as provided in Chapter 75, Acts of the 50th Legislature, as amended, (Article 6243h of Vernon's Civil Statutes of Texas) and all of the benefits and obligations of such system are hereby accepted as to such employees.

    (b)

    Notification of participation. The city manager is hereby directed to notify the board of trustees of the Texas Municipal Retirement System that the City of Terrell, Texas, has elected to participate and have the employees of the above departments participate in said system.

    (c)

    Participation in system as condition of employment; refusal by city to add new departments, employees. Each person who becomes an employee of any participating department on or after the effective date of participation of such department shall become a member of the Texas Municipal Retirement System as a condition of his or her employment. The City of Terrell, Texas, may in the future refuse to add new departments or new employees to such system, but shall never discontinue as to any participants.

    (d)

    Deposits; amount. In accordance with the provisions of the statute, the deposits to be made to the Texas Municipal Retirement System on account of current service of the employees of the several participating departments are hereby fixed at the rate of five percent of the earnings of each employee of said departments, and in determining the deposits to be made on account of such service the maximum earnings of this city is fully salary.

    (e)

    Remittance of contributions. The city secretary is hereby directed to remit to the board of trustees of the Texas Municipal Retirement System, at its office in Austin, Texas, the city's contributions to the system and the amount which shall be deducted from the compensation or payroll of employees, all as required by said board under the provisions of Chapter 75, Acts of the 50th Legislature of the State of Texas, as amended, and the said city secretary is hereby authorized and directed to ascertain and certify officially on behalf of the City of Terrell, Texas, the prior service rendered to the said municipality by each of the employees of the participating departments, and the average prior service compensation received by each, and to make and execute all prior service certifications and all other reports and certifications which may be required of the City of Terrell, Texas, under the provisions of Chapter 75, Acts Regular Session, 50th Legislature, as amended, or in compliance with the rules and regulations of the board of trustees of the Texas Municipal Retirement System.

    (f)

    Supplemental death benefits.

    (1)

    The City of Terrell hereby elects to participate in the supplemental death benefits fund of the Texas Municipal Retirement System for the purpose of providing in-service death benefits for each of the city's employees who are members of said system, and for the purpose of providing post-retirement death benefits for annuitants whose last covered employment was an employee of the city, in the amounts and on the terms provided for in Sections 62.004, 64.601 through 64.605, 65.314, 65.409 and 65.502 of Title 110B, Revised Civil Statutes of Texas, 1925, as amended.

    (2)

    The City of Terrell is hereby authorized and directed to notify the director of the system of adoption of this subsection, and of the participation of the city in said fund.

    (3)

    Participation of the above mentioned employees and annuitants in the supplemental death benefits fund shall be effective on the first day of January, 1985.

    (g)

    Participation required in system and eligibility for service retirement.

    (1)

    Pursuant to the provisions of Sections 62.105 and 64.202 of Subtitle G of Title 110B, Revised Civil Statutes of Texas, 1925, as amended, which subtitle shall herein be referred to as the "TMRS ACT," the City of Terrell, Texas, adopts the following provisions affecting participation of its employees in the Texas Municipal Retirement System:

    a.

    Each person who becomes an employee of any participating department of this city and who is not already a member of the Texas Municipal Retirement System shall become a member of the system as a condition of employment, provided such person is then under 60 years of age;

    b.

    Any member, after one year from the effective date of his or her membership in the system, shall be eligible for service retirement if he or she has attained the age of 50 years and has completed 25 years of creditable service with one or more municipalities that have authorized eligibility under Section 64.202 of the TMRS Act or under Section XX of former Article 6243h, Vernon's Texas Civil Statutes, or if he or she has attained the age of 60 years and has completed at least ten years of creditable service with one or more municipalities that have authorized eligibility under Section 64.202 of the TMRS Act of under Section XX of said former Article 6243h;

    c.

    The membership of any person who has completed at least ten years of creditable service with participating municipalities that have authorized eligibility under Section 64.202 of the TMRS Act (or under Section XX of said former Article 6243h) shall not terminate because of absence from service; and

    d.

    Any person who is an employee of a participating department of this municipality at the effective date of this subsection, but who at the date of his or her employment was under 60 years of age but did not become a member of Texas Municipal Retirement System because he or she was then above the maximum age then prescribed by law for initial membership in the system, shall become a member of the system at the effective date of this subsection, unless he or she has already become a member under other provisions of the governing act, and shall be allowed prior service credit for each month of creditable service performed for this municipality subsequent to the date such person was precluded from membership and prior to the effective date of his or her membership. Such prior service credit shall be calculated using the same percentage of base prior service credit as was most recently used in calculating prior service credits or updated service credits in said system for current members of this city.

    (2)

    The rights, credits and benefits hereinabove authorized shall be in addition to the plan provisions heretofore adopted and in force at the effective date of this subsection pursuant to the TMRS Act.

    (h)

    Updated service credits (1982).

    (1)

    Authorization.

    a.

    On the terms and conditions set out in Section 63.401 through 63.403 of Title 110B, Revised Civil Statutes of Texas, 1925, as amended, each member of Texas Municipal Retirement System who has current service credit or prior service credit in said system in force and effect on the first day of January, 1983, by reason of service in the employment of the City of Terrell, and on such date has at least 36 months of credited service with said system, shall be and is hereby allowed "updated service credit" (as that term is defined in subsection (d) of section 63.402 of said title) in an amount that is 100 percent of the "base updated service credit" of the member, (calculated as provided in subsection (c) of section 63.402 of said title). The updated service credit hereby allowed shall replace any updated service credit, prior service credit, special prior service credit or antecedent service credit previously authorized for part of the same service.

    b.

    In accordance with the provisions of subsection (d) of section 63.401 of said title, the deposits required to be made to the Texas Municipal Retirement System by employees of the several participating departments on account of current service shall be calculated from and after the date aforesaid on the full amount of such person's earnings as an employee of the city.

    (2)

    Increase in retirement annuities (1982).

    a.

    On the terms and conditions set out in Section 64.203 of Title 110B, Revised Civil Statutes of Texas, 1925, as amended, the City of Terrell hereby elects to allow and to provide for payment of the increases below stated in monthly benefits payable by Texas Municipal Retirement System to retired employees and to beneficiaries of deceased employees of this city under current service annuities and prior service annuities arising from service by such employees to this city. An annuity increased under this paragraph replaces any annuity or increased annuity previously granted to the same person.

    b.

    The amount of annuity increase under this subsection is computed as the sum of the prior and current service annuities on the effective date of retirement of the person on whose service the annuities are based, multiplied by 70 percent of the percentage change in consumer price index for all urban consumers, from December of the year immediately preceding the effective date of the person's retirement to the December that is 13 months before the effective date of this subsection.

    c.

    An increase in an annuity that was reduced because of an option selection is reducible in the same proportion and in the same manner that the original annuity was reduced.

    d.

    If a computation hereunder does not result in an increase in the amount of an annuity, the amount of the annuity will be changed hereby.

    e.

    The amount by which an increase under this subsection exceeds all previously granted increases to an annuitant is an obligation of this city and of its account in the municipality accumulation fund of the Texas Municipal Retirement System.

    (3)

    Authorization of updated service credits (1985).

    a.

    On the terms and conditions set out in Section 63.401 through 63.403 of Title 110B, Revised Civil Statutes of Texas, 1925, as amended, each member of Texas Municipal Retirement System who has current service credit or prior service credit in said system in force and effect on the first day of January, 1983, by reason of service in the employment of the City of Terrell, and on such date has at least 36 months of credited service with said system, shall be and is hereby allowed "updated service credit" (as that term is defined in subsection (d) of section 63.402 of said title) in an amount that is 100 percent of the "base updated service credit" of the member, (calculated as provided in subsection (c) of section 63.402 of said title). The updated service credit hereby allowed shall replace any updated service credit, prior service credit, special prior service credit or antecedent service credit previously authorized for part of the same service.

    b.

    In accordance with the provisions of subsection (d) of section 63.401 of said title, the deposits required to be made to the Texas Municipal Retirement System by employees of the several participating departments on account of current service shall be calculated from and after the date aforesaid on the full amount of such person's earnings as an employee of the city.

    (4)

    Authorization of updated service credits (1986).

    a.

    On the terms and conditions set out in Sections 63.401 through 63.403 of Title 110B, Revised Civil Statutes of Texas, 1925, as amended, each member of the Texas Municipal Retirement System who has current service credit or prior service credit in said system in force and effect on the first day of January, 1986, by reason of service in the employment of the City of Terrell, and on such date has at least 36 months of credited service with said system, shall be and is hereby allowed "updated service credit" (as that term is defined in subsection (d) of section 63.402 of said title) in an amount that is 100 percent of the "base updated service credit" of the member, (calculated as provided in subsection (c) of section 63.402 of said title). The updated service credit hereby allowed shall replace any updated service credit, prior service credit, special prior service credit or antecedent service credit previously authorized for part of the same service.

    b.

    In accordance with the provisions of subsection (d) of section 63.401 of said title, the deposits required to be made to the Texas Municipal Retirement System by employees of the several participating departments on account of current service shall be calculated from and after the date aforesaid on the full amount of such person's earnings as an employee of the city.

    (5)

    Authorization of updated service credits (1988).

    a.

    On the terms and conditions set out in Section 63.401 through 63.403 of Title 110B, Revised Civil Statutes of Texas, 1925, as amended, each member of Texas Municipal Retirement System who has current service credit or prior service credit in said system in force and effect on the first day of January, 1988, by reason of service in the employment of the City of Terrell, and on such date has at least 36 months of credited service with said system, shall be and is hereby allowed "updated service credit" (as that term is defined in subsection (c) of section 63.402 of said title). The updated service credit hereby allowed shall replace any updated service credit, prior service credit, special prior service credit or antecedent service credit previously authorized for part of the same service.

    b.

    On the terms and conditions set out in section 63.601 of said title, any member of the Texas Municipal Retirement System who is eligible for the update service credits on the basis of service with this city, and who has unforfeited credit for prior service and/or current service with another participating municipality or municipalities by reason of previous service, and was a contributing member on January 1, 1987, shall be credited with updated service credits pursuant to, calculated in accordance with, and subject to adjustment as set forth in said 63.601.

    c.

    In accordance with the provisions of subsection (d) of section 63.401 of said title, the deposits required to be made to the Texas Municipal Retirement System by employees of the several participating departments on account of current service shall be calculated from and after the date aforesaid on the full amount of such person's earnings as an employee of the city.

    (6)

    Authorization of updated service credits (1988).

    a.

    On the terms and conditions set out in Section 63.401 through 63.403 of Title 110B, Revised Civil Statutes of Texas, 1925, as amended, each member of Texas Municipal Retirement System who has current service credit or prior service credit in said system in force and effect on the first day of January, 1988, by reason of service in the employment of the City of Terrell, and on such date has at least 36 months of credited service with said system, shall be and is hereby allowed "updated service credit" (as that term is defined in subsection (d) of section 63.402 of said title) in an amount that is 100 percent of the "base updated service credit" of the member (calculated as provided in subsection (c) of section 63.402 of said title). The updated service credit hereby allowed shall replace any updated service credit, prior service credit, special prior service credit or antecedent service credit previously authorized for part of the same service.

    b.

    On the terms and conditions set out in section 63.601 of said title, any member of the Texas Municipal Retirement System who is eligible for the updated service credits on the basis of service with this city, and who has unforfeited credit for prior service and/or current service with another participating municipality or municipalities by reason of previous service, and was a contributing member on January 1, 1987, shall be credited with updated service credits pursuant to, calculated in accordance with, and subject to adjustment as set forth in said 63.601.

    c.

    In accordance with the provisions of subsection (d) of section 63.401 of said title, the deposits required to be made to the Texas Municipal Retirement System by employees of the several participating departments on account of current service shall be calculated from and after the date aforesaid on the full amount of such person's earnings as an employee of the city.

    (7)

    Increase in retirement annuities (1988).

    a.

    On terms and conditions set out in Section 64.203 of Title 110B, Revised Civil Statutes of Texas, 1925, as amended, the City of Terrell hereby elects to allow and to provide for payment of the increases below stated in monthly benefits payable by the Texas Municipal Retirement System to retired employees and to beneficiaries of deceased employees of this city under current service annuities and prior service annuities arising from service by such employees to this city. An annuity increased under this section replaces any annuity or increased annuity previously granted to the same person.

    b.

    The amount of annuity increase under this section is computed as the sum of the prior and current service annuities on the effective date of retirement of the person on whose service the annuities are based, multiplied by 70 percent of the percentage change in Consumer Price Index of All Urban Consumers, from December of the year immediately preceding the effective date of the person's retirement to the December that is 13 months before the effective date of this section.

    c.

    An increase in an annuity that was reduced because of an option selection is reducible in the same proportion and in the same manner that the original annuity was reduced.

    d.

    If a computation hereunder does not result in an increase in the amount of an annuity, the amount of the annuity will not be changed hereby.

    e.

    The amount by which an increase under this section exceeds all previously granted increases to an annuitant is an obligation of the city and of its account in the municipality accumulation fund of the Texas Municipal Retirement System.

    (8)

    Authorization of updated service credits (1989).

    a.

    On the terms and conditions set out in Section 63.401 through 63.403 of Title 110B, Revised Civil Statutes of Texas, 1925, as amended, each member of Texas Municipal Retirement System who has current service credit or prior service credit in said system in force and effect on the first day of January, 1988, by reason of service in the employment of the City of Terrell, and on such date has at least 36 months of credited service with said system, shall be and is hereby allowed "updated service credit" (as that term is defined in subsection (d) of section 63.402 of said title) in an amount that is 100 percent of the "base updated service credit" of the member (calculated as provided in subsection (c) of section 63.402 of said title). The updated service credit hereby allowed shall replace any updated service credit, prior service credit, special prior service credit or antecedent service credit previously authorized for part of the same service.

    b.

    On the terms and conditions set out in section 63.601 of said title, any member of the Texas Municipal Retirement System who is eligible for the Update Service Credits on the basis of service with this city, and who has unforfeited credit for prior service and/or current service with another participating municipality or municipalities by reason of previous service, and was a contributing member on January 1, 1989, shall be credited with updated service credits pursuant to, calculated in accordance with, and subject to adjustment as set forth in said 63.601.

    c.

    In accordance with the provisions of subsection (d) of section 63.401 of said title, the deposits required to be made to the Texas Municipal Retirement System by employees of the several participating departments on account of current service shall be calculated from and after the date aforesaid on the full amount of such person's earnings as an employee of the city.

    (9)

    Increase in retirement annuities (1989).

    a.

    On terms and conditions set out in Section 64.203 of Title 110B, Revised Civil Statutes of Texas, 1925, as amended, the City of Terrell hereby elects to allow and to provide for payment of the increases below stated in monthly benefits payable by the Texas Municipal Retirement System to retired employees and to beneficiaries of deceased employees of this city under current service annuities and prior service annuities arising from service by such employees to this city. An annuity increased under this section replaces any annuity or increased annuity previously granted to the same person.

    b.

    The amount of annuity increase under this section is computed as the sum of the prior and current service annuities on the effective date of retirement of the person on whose service the annuities are based, multiplied by 70 percent of the percentage change in Consumer Price Index of All Urban Consumers, from December of the year immediately preceding the effective date of the person's retirement to the December that is 13 months before the effective date of this section.

    c.

    An increase in an annuity that was reduced because of an option selection is reducible in the same proportion and in the same manner that the original annuity was reduced.

    d.

    If a computation hereunder does not result in an increase in the amount of an annuity, the amount of the annuity will not be changed hereby.

    e.

    The amount by which an increase under this section exceeds all previously granted increases to an annuitant is an obligation of this city and of its account in the municipality accumulation fund of the Texas Municipal Retirement System.

    (10)

    Authorization of updated service credits (1990).

    a.

    On the terms and conditions set out in V.T.C.A., Government Code §§ 853.401 through 853.403 of Subtitle G of Title 8, each member of Texas Municipal Retirement System who has current service credit or prior service credit in said system in force and effect on the first day of January, 1990, by reason of service in the employment of the City of Terrell, and on such date has at least 36 months of credited service with said system, shall be and is hereby allowed "updated service credit" (as that term is defined in subsection (d) of section 853.402 of said title) in an amount that is 100 percent of the "base updated service credit" of the members (calculated as provided in subsection (c) of section 853.402 of said title). The updated service credit hereby allowed shall replace any updated service credit, prior service credit, special prior service credit or antecedent service credit previously authorized for part of the same service.

    b.

    On the terms and conditions set out in section 853.601 of said title, any member of the Texas Municipal Retirement System who is eligible for updated service credits on the basis of service with this city, and who has unforfeited credit for prior service and/or current service with another participating municipality or municipalities by reason of previous service, and was a contributing member on January 1, 1990, shall be credited with updated service credits pursuant to, calculated in accordance with, and subject to adjustment as set forth in said 853.601.

    c.

    In accordance with the provisions of subsection (d) of section 853.401 of said title, the deposits required to be made to the Texas Municipal Retirement System by employees of the several participating departments on account of current service shall be calculated from and after the date aforesaid on the full amount of such person's earnings as an employee of the city.

    (11)

    Increase in retirement annuities (1990).

    a.

    On terms and conditions set out in V.T.C.A., Government Code § 854.203 of Subtitle G of Title 8, the City of Terrell hereby elects to allow and to provide for payment of the increases below stated in monthly benefits payable by the Texas Municipal Retirement System to retired employees and to beneficiaries of deceased employees of this city under current service annuities and prior service annuities arising from service by such employees to this city. An annuity increased under this section replaces any annuity or increased annuity previously granted to the same person.

    b.

    The amount of annuity increase under this section is computed as the sum of the prior and current service annuities on the effective date of retirement of the person on whose service the annuities are based, multiplied by 70 percent of the percentage change in Consumer Price Index for All Urban Consumers, from December of the year immediately preceding the effective date of the person's retirement to the December that is 13 months before the effective date of this section.

    c.

    An increase in an annuity that was reduced because of an option selection is reducible in the same proportion and in the same manner that the original annuity was reduced.

    d.

    If a computation hereunder does not result in an increase in the amount of an annuity, the amount of the annuity will not be changed hereby.

    e.

    The amount by which an increase under this section exceeds all previously granted increases to an annuitant is an obligation of this city and of its account in the municipality accumulation fund of the Texas Municipal Retirement System.

    (12)

    Authorization of updated service credits (1991).

    a.

    On the terms and conditions set out in V.T.C.A., Government Code §§ 853.401 through 853.404 of Subtitle G of Title 8, each member of Texas Municipal Retirement System (hereinafter referred to as the "system") who has current service credit or prior service credit in system in force and effect on the first day of January of the calendar year preceding such allowance, by reason of service in the employment of the City of Terrell (hereinafter called the "city"), and on such date had at least 36 months of credited service with the system, shall be and is hereby allowed "updated service credit" (as that term is defined in subsection (d) of Section 853.402 of the TMRS Act).

    b.

    On the terms and conditions set out in Section 853.601 of the TMRS Act, any member of the system who is eligible for updated service credits on the basis of service with this city, who has unforfeited credit for prior service and/or current service with another participating municipality or municipalities by reason of previous service, and was a contributing member on January 1, 1991, shall be credited with updated service credits pursuant to, calculated in accordance with, and subject to adjustment as set forth in said section 853.601, both as to the initial grant hereunder and all future grants under this section.

    c.

    The updated service credit hereby allowed and provided for shall be 100 percent of the "Base Updated Service Credit" of the member (calculated as provided in subsection (c) of Section 853.402 of the TMRS Act).

    d.

    Each updated service credit allowed hereunder shall replace any updated service credit, prior service credit, special prior service credit, or antecedent service credit previously authorized for part of the same service.

    e.

    In accordance with the provisions of subsection (d) of Section 853.401 of the TMRS Act, the deposits required to be made to the system by employees of the several participating department on account of current service shall be calculated from and after the effective date of this section on the full amount of such person's compensation as an employee of the city.

    (13)

    Increase in retirement annuities (1991).

    a.

    On terms and conditions set out in Section 854.203 of the TMRS Act, the city hereby elects to allow and to provide for payment of the increases below stated in monthly benefits payable by the system to retired employees and to beneficiaries of deceased employees of the city under current service annuities and prior service annuities arising from service by such employees to the city. An annuity increased under this section replaces any annuity or increased annuity previously granted to the same person.

    b.

    The amount of the annuity increase under this section is computed as the sum of the prior service and current service annuities on the effective date of retirement of the person on whose service the annuities are based, multiplied by 40 percent of the percentage change in Consumer Price Index for All Urban Consumers, from December of the year immediately preceding the effective date of the person's retirement to the December that is 13 months before the effective date of this section.

    c.

    An increase in an annuity that was reduced because of an option selection is reducible in the same proportion and in the same manner that the original annuity was reduced.

    d.

    If a computation hereunder does not result in an increase in the amount of an annuity, the amount of the annuity will not be changed hereunder.

    e.

    The amount by which an increase under this section exceeds all previously granted increases to an annuitant is an obligation of the city and of its account in the municipality accumulation fund of the system.

    (14)

    Authorization of updated service credits (1992).

    a.

    On the terms and conditions set out in V.T.C.A., Government Code §§ 543.401 through 853.404 of Subtitle G of Title 8, (hereinafter referred to as the "TMRS Act"), each member of the Texas Municipal Retirement System (hereinafter referred to as the "system") who has current service credit or prior service credit in the system in force and effect on the first day of January of the calendar year preceding such allowance, by reason of service in the employment of the city, and on such date had at least 36 months of credited service with the system, shall be and is hereby allowed "updated service credit" (as that term is defined in subsection (a) of Section 853.402 of the TMRS Act.

    b.

    On the terms and conditions set out in Section 853.601 of the TMRS Act, any member of the system who is eligible for updated service credits on the basis of service with this city, who has unforfeited credit for prior service and/or current service with another participating municipality or municipalities by reason of previous service, and was a contributing member on the first day of January of the calendar year preceding such allowance, shall be credited with updated service credits pursuant to, calculated in accordance with, and subject to adjustment as set forth in said section 853.601, both as to the initial grant hereunder and all future grants under this section.

    c.

    The updated service credit hereby allowed and provided for shall be 100 percent of the "Base Updated Service Credit" of the member (calculated as provided in subsection (c) of Section 853.402 of the TMRS Act).

    d.

    Each updated service credit allowed hereunder shall replace any updated service credit, prior service credit, special prior service credit, or antecedent service credit previously authorized for part of the same service.

    e.

    In accordance with the provisions of subsection (d) of Section 853.401 of the TMRS Act, the deposits required to be made to the system by employees of the several participating departments on account of current service shall be calculated from and after the effective date of this section on the full amount of such person's compensation as an employee of the city.

    (15)

    Increase in retirement annuities (1992).

    a.

    On terms and conditions set out in Section 854.203 of the TMRS Act, the city hereby elects to allow and to provide for payment of the increases below stated in monthly benefits payable by the system to retired employees and to beneficiaries of deceased employees of the city under current service annuities and prior service annuities arising from service by such employees to the city. An annuity increased under this section replaces any annuity or increased annuity previously granted to the same person.

    b.

    The amount of the annuity increase under this section is computed as the sum of the prior service and current service annuities on the effective date of retirement of the person on whose service the annuities are based, multiplied by 40 percent of the percentage change in Consumer Price Index for All Urban Consumers, from December of the year immediately preceding the effective date of the person's retirement to the December that is 13 months before the effective date of this section.

    c.

    An increase in an annuity that was reduced because of an option selection is reducible in the same proportion and in the same manner that the original annuity was reduced.

    d.

    If a computation hereunder does not result in an increase in the amount of an annuity, the amount of the annuity will not be changed hereunder.

    e.

    The amount by which an increase under this section exceeds all previously granted increases to an annuitant is an obligation of the city and of its account in the municipality accumulation fund of the system.

    (16)

    Increase in retirement annuities (1993).

    a.

    On the terms and conditions set out on V.T.C.A., Government Code §§ 854.203 and 853.404 of Subtitle G of Title 8, (hereinafter referred to as the "TMRS Act"), the city hereby elects to allow and to provide for payment of the increases below stated in monthly benefits payable by the system to retired employees and to beneficiaries of deceased employees of the city under current service annuities and prior service annuities arising from service by such employees to the city. An annuity increased under this section replaces any annuity or increased annuity previously granted to the same person.

    b.

    The amount of the annuity increase under this section is computed as the sum of the prior service and current service annuities on the effective date of retirement of the person on whose service the annuities are based, multiplied by 70 percent of the percentage change in Consumer Price Index for All Urban Consumers, from December of the year immediately preceding the effective date of the person's retirement to the December that is 13 months before the effective date of the increase under this section.

    c.

    An increase in an annuity that was reduced because of an option selection is reducible in the same proportion and in the same manner that the original annuity was reduced.

    d.

    If a computation hereunder does not result in an increase in the amount of an annuity, the amount of the annuity will not be changed hereunder.

    e.

    The amount by which an increase under this section exceeds all previously granted increases to an annuitant is an obligation of the city and of its account in the municipality accumulation fund of the system.

(Code 1968, § 2-45; Ord. No. 1286, 10-27-82; Ord. No. 1379, 12-4-84; Ord. No. 1380, 12-4-84; Ord. No. 1428, 12-17-85; Ord. No. 1481, 12-16-86; Ord. No. 1518, 12-15-87; Ord. No. 1550, § 1, 2, 11-15-88; Ord. No. 1595, § 1, 2 12-5-89; Ord. No. 1633, § 1, 2, 11-6-90; Ord. No. 1633, § 2, of 12-3-91; Ord. No. 1666, § 1, 12-3-91; Ord. No. 1705, § 1, 2, 11-17-92; Ord. No. 1727, § 1, 12-7-93)