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<br /> -2- <br /> (b) On the terms and conditions set out in Section <br /> 63.601 of said Title, any member of the Texas <br /> Municipal Retirement System who is eligible for <br /> Updated Service Credit on the basis of service <br /> with this City, and who has unforfeited credit <br /> for prior service and/or current service with <br /> another participating municipality by reason of <br /> previous service, and was a contributing member <br /> on January 1, 1985, shall be credited with <br /> Updated Service Credit pursuant to, calculated ln <br /> accordance with, and subject to adjustment as set <br /> forth in said 63.601 of said Title. <br /> SECTION 2. That Section 2-44(b) of Division 2 of <br /> Article III of Chapter 2 of the Code of Ordinances of the <br /> City of San Marcos, Texas, is hereby amended to read as <br /> follows: <br /> Sec. 2-44. Increase in Retirement Annuities. <br /> . . . <br /> (b) The amount of annuity increase under this Section <br /> is computed as the sum of the prior and current <br /> service annuities on the effective date of <br /> retirement of the person on whose service the <br /> annuities are based, multiplied by 70% of the <br /> percentage change in Consumer Price Index For All <br /> Urban Consumers, from December of the year <br /> immediately preceding the effective date of the <br /> person's retirement to the December that is 13 <br /> months prior to January 1, 1986. <br /> . .. <br /> SECTION 3. That the importance of this Ordinance <br /> creates an emergency and an imperative public necessity so <br /> that the provisions of the Charter requiring that <br /> ordinances shall be presented at three separate meetings <br /> and that no ordinance shall become effective until the <br /> expiration of ten (10) days following the date of its final <br /> passage be suspended, and these provisions are hereby <br /> suspended, and this Ordinance shall take effect and be in <br /> full force and effect on the 1st day of January, 1986, and <br /> from and after its adoption and after its publication in a <br /> newspaper of general circulation in the area as required by <br /> the Charter of the City of San Marcos, Texas. <br /> PASSED, APPROVED AND ADOPTED this --1JJ- day of <br /> December , A. D., 19 85 . <br /> ',~ <br /> \, ú2 <br /> ~' <br /> " Emmie Craddock <br /> Mayor <br /> Attest: <br /> s K. Womack <br /> City Secretary <br /> " <br /> Approved: <br /> ~~- <br /> Lamar W. Hankins <br /> City Attorney <br /> Published in the DAILY EECORD December 22, 1985. <br />