1999-459S \Our Doeurnents\Ordmances\99~F~refighter rot~rement doe
AN ORDINANCE AUTHORIZING AN INCREASE TO THE RATE OF CONTRIBUTION
TO THE CITY OF DENTON FIRE FIGHTERS RETIREMENT SYSTEM BY THE CITY,
AND ESTABLISHING AN EFFECTIVE DATE FOR THE ORDINANCE
WHEREAS, the Board of Trustees (Pension Board) of the City of Denton F~re F~ghters
Retirement System and Trust Fund (Pension Fund) has requested that the contribution made by
the C~ty of Denton be increased to 10% from 9%, and
WHEREAS, the change of the employer contribution to 10% reqmms approval by
orchnance (Tex Rev C~v Stat Ann art 6243, Sec 29(b)(Vernon Supp 1999)), NOW,
THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS
SECTION 1 That the rate of contribution to the City of Denton F~re F~ghters Retirement
System and Trust Fund by the City of Denton shall be at the rate of 10% of the total
compensation pard to parhmpatmg employees The rate shall be 10% of the average
compensation of department employees ff system has complied w~th Tex Rev Clv Stat Ann
art 6243e, Sec 29(d) (Vernon Supp 1999)
~ Effective Date SubJeCt to approval by the Board of Trustees of the
System, this ordinance shall be and become effective on the 1st day of January, 2000
PASSED AND APPROVED thlsthe ,~T__~/ day of ~(d~ff./_.~.~,j ,1999
JAc LEk, M YOR
ATTEST
JENNIFER WALTERS, CITY SECRETARY
APPROVED AS TO LEGAL FORM
HERBERT L PROUTY, CITY ATTORNEY