1970-039 NO J0
AN ORDINANCE PROVIDING FOR INCREASED MUNICIPAL CONTRIBUTIONS
TO THE CURRENT SERVICE ANNUITY RESERVE AT RETIRSMENT OF THE
EMPLOYEES OF THE CITY OF DENTON, TEXAS
THE COUNCIL OF THE CITY OF DENTON, TEXAS, HEREBY ORDAINS
That effective January 1, 1971, for each month of Current
Service thereafter rendered by each of its emoloyees who are
members of the Texas Municipal Retirement System, the Citv will
contribute to the current service annuity reserve of each such
member at the time of his retirement, a sum that is 150% of
such member's accumulated deposits for such month of emoloyment~
and said sum shall be contributed from the City's account in the
Municipality Current Service Accumulation Fund
PASSED AND APPROVED this the ~ day
a D 1970
ALEXANDER M F4NL~Y ~/:~' / MAYOR
CITY OF DENTON, TEXA~
ATTEST
~OOKS NOLT~ CITY SECRETARY
CITY O~ DENTON, TEXAS
APPROVED AS TO LEGAL