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<br />~ <br />Oti <br />w.g <br />...J,O <br />LDc)l <br /> <br /> <br />w.g t- <br />...J- =' <br />~~ <br />u:~ u <br />w <br />~ 0 <br /> <br />I <br /> <br />I <br /> <br />-c:t- <br />= <br />= <br />C'-I <br /> <br />"" <br />o <br />~ ~ <br />a:: 113 <br />w:2 <br />...Je <br />Ull3 <br />>00 <br />~- <br />-0 <br />U>, <br />::: <br />() <br /> <br />o <br />rn <br />r> <br />I'-" <br />.... <br />("0.,) <br />o <br />o <br />~ <br /> <br />K>." <br />~ <br />2.m <br />fB <br /> <br />~ <br /> <br />1000 <br /> <br />~(') <br />s,=4 <br />CJ)-< <br />Q)(') <br />~ r- <br />~rn <br />Q)::D <br />TMRS-Stat Max Rer1Rl~ <br />o <br />rJl <br /> <br /> <br />t- <br />c: <br />u <br />l.L.J <br />Cl <br /> <br />III <br />o <br />~ e <br />a:~ <br />LU:::i <br />...Je: <br />Uca <br />>cn <br />1-- <br />-0 <br />u~ <br />(5 <br /> <br />ORDINANCE 2004-99 <br />TEXAS MUNICIPAL RETIREMENT SYSTEM <br /> <br />AN ORDINANCE ELECTING FOR THE CITY TO MAKE CURRENT SERVICE <br />AND PRIOR SERVICE CONTRIBUTIONS TO THE CITY'S ACCOUNT IN THE <br />MUNICIPAL ACCUMULATION FUND OF THE TEXAS MUNICIPAL <br />RETIREMENT SYSTEM AT THE ACTUARIALLY DETERMINED RATE OF <br />TOTAL EMPLOYEE COMPENSATION; DECLARING AN EMERGENCY; AND <br />DECLARING AN EFFECTIVE DATE. <br /> <br />WHEREAS, the City of San Marcos (the "City"), is a participating municipality in the Texas <br />Municipal Retirement System (the "System") and has undertaken to provide certain retirement, dealth and <br />disability benefits to its employees pursuant to Subtitle G, Title 8, Government Code, (hereinafter, the <br />"TMRS Act"), and <br /> <br />WHEREAS, the City Council desires to authorize funding of such benefits as herein provided, <br />now, therefore, <br /> <br />BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: <br /> <br />SECTION 1. Pursuant to Section 855 407(g) of the TMRS Act, the City hereby elects to make <br />future normal and prior service contributions to its account in the municipal accumulation fund of the <br />System at such combined rate of the total compensation paid by the City to employees who are members <br />of the System, as the System's actuary shall annually determine as the rate necessary to fund, within the <br />amortization period determined as applicable to the City under the TMRS Act, the costs of all benefits <br />which are or may become chargeable to or are to be paid out of the City's account in said accumulation <br />fund, regardless of other provisions of the TMRS Act limiting the cominbed rate of City contributions. <br /> <br />SECTION 2. The importance of this Ordinance creates an emergency and an imperative public <br />necessity, and the provisions of the Charter requiring that ordinances be presented at three separate <br />meetings, and that ordinances do not take effect until ten days after the date of final passage are <br />suspended, and this Ordinance will take effect upon publication of notice of its adoption in a newspaper of <br />general circulation within the City <br /> <br />PASSED, APPROVED AND ADOPTED on <br /> <br />~~ . <br /> <br />Susan NaNaiZ~~ <br /> <br />APPROVED AS TO FORM: <br /> <br /> <br />~, <br />