Ord. 1534 2016-12-12ORDINANCE NO.1534
An Ordinance of the City Council of the City of Pearland, Texas increasing
the maximum combined rates of the city's normal contributions and prior
service contributions to the Texas Municipal Retirement System pursuant
to Section 855.501 of Title 8, Texas Government Code, as amended; and
prescribing the effective date for the ordinance.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS:
Section 1. Pursuant to the provisions of Section 855.5010) of Subtitle G of Title 8.
Texas Government Code, as amended (which Subtitle shall herein be referred to as the "TMRS
Act,"), the City of Pearland, Texas, agrees to be liable for the combined normal contribution rate
and prior service contribution rate for the City's participation in the Texas Municipal Retirement
System (herein referred to as the "System"). as those rates are approved by the System's Board
of Trustees from time to time under the provisions of the TMRS Act. provided that the combined
rate does not exceed 15.50%.
Section 2. The provisions of the ordinance shall become effective on the first day of
January, 2017.
PASSED and APPROVED ON FIRST READING this the 28th day of November, A. D.,
2016.
ATTEST:
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SECR.RY
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TOM REID
MAYOR
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Ordinance No. 1534
PASSED and APPROVED ON SECOND AND FINAL READING this the 12th day of
December. A. D.. 2016.
TOM REID
MAYOR
ATTEST:
APPROVED AS TO FORM:
DARRIN M. COKER
CITY ATTORNEY
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