(A) Pursuant to § 855.407(g) of the TMRS Act, being Tex. Gov’t Code § 855.407(g), the city hereby elects to make future normal and prior service contributions to its account in the Municipal Accumulation Fund of the System at such combined rate of the total compensation paid by the city to employees who are members of the System, as the System’s actuary shall annually determine as the rate necessary to fund, within the amortization period determined as applicable to the city under the TMRS Act, the costs of all benefits which are or may become chargeable to or are to be paid out of the city’s account in said Accumulation Fund, regardless of other provisions of the TMRS Act limiting the combined rate of city contributions.
(B) The provisions of this section became effective on 1-1-2000.
(Ord. passed 1-1-2000)