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<br />ORDINANCE NO. 18' D <br />PAGE 2 <br /> <br />. <br /> <br />(c) An increase in an annuity that was reduced because of an option selection is reducible <br />in the same proportion and in the same manner that the original annuity was reduced. <br /> <br />(d) If a computation hereunder does not result in an increase in the amount of an annuity, <br />the amount of the annuity will not be changed hereby. <br /> <br />(e) The amount by which an increase under this Section exceeds all previously granted <br />increases to an annuitant is an obligation of this City and of its account in the municipality <br />accumulation fund of the System. <br /> <br />Section 4. The City Council finds, determines, recites and declares that a sufficient <br />written notice of the date, hour, place and subject of this meeting of the City Council was posted <br />at a place convenient to the public at the City Hall of the City for the time required by law <br />preceding this meeting, as required by the Open Meetings Law, Chapter 551, Texas Government <br />Code; and that this meeting has been open to the public as required by law at all times during <br />which this ordinance and the subject matter thereof has been discussed, considered and formally <br />acted upon. The City Council further ratifies, approves and confirms such written notice and <br />the contents and posting thereof. <br /> <br />Section 5. Subject to approval by the Board of Trustees of Texas Municipal Retirement <br />System, the updated service credits and increases in retirement annuities granted hereby shall <br />be and become effective on the 1st day of January, 1997. <br /> <br />PASSED AND APPROVED, this the 16th day of December, 1996. <br /> <br />~ CITY OF LA PORTE <br /> <br />a!c -~~ <br /> <br />Norman L. Malone, Mayor <br /> <br />ATTEST: <br /> <br />~ d rA#; W &J:u ~ fvu <br /> <br />Sue Lenes - - { <br />City Secretary <br /> <br />APt;;:zJ ~ <br /> <br />Knox W. Askins <br />City Attorney <br />