Ordinance No. 2,585Id
ORDINANCE NO. 2585
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AN ORDINANCE DETERMINING TO GRANT, PROVIDING FOR, AND
ALLOWING UNDER THE ACT GOVERNING THE TEXAS MUNICIPAL
RETIREMENT SYSTEM, "UPDATED SERVICE CREDIT" IN SAID
SYSTEM FOR SERVICE PERFORMED BY QUALIFYING MEMBERS OF
SUCH SYSTEM IN THE EMPLOYMENT OF THE CITY OF BAYTOWN;
ELECTING AND PRESCRIBING THE EFFECTIVE DATE OF SUCH
UPDATED SERVICE CREDITS; AUTHORIZING AND PROVIDING FOR
ALLOWANCE OF INCREASES, AS HEREIN PROVIDED, IN MONTHLY
BENEFITS PAYABLE BY TEXAS MUNICIPAL RETIREMENT SYSTEM,
AFTER THE EFFECTIVE DATE HEREIN SPECIFIED, TO RETIRED
EMPLOYEES AND TO BENEFICIARIES OF DECEASED EMPLOYEES,
UNDER CURRENT SERVICE ANNUITIES ARISING FROM SERVICE OF
SUCH EMPLOYEES TO THIS CITY.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
BAYTOWN:
Section 1. Initial Allowance of Updated Service Credits.
(a) On the terms and conditions set out in Section XVII
of Article 6243h, Vernon's Texas Civil Statutes, as amended
1975, each member of Texas Municipal Retirement System who
has current service credit or prior service credit in said
System in force and effect on the 1st day of January, 1979
by reason of service in the employment of the City of Baytown,
shall be and is hereby allowed "updated service credit" (as
that term is defined in said act) in an amount that is 100%
of the "Base Updated Service Credit" of the member, calculated
as provided in said act. The updated service credit hereby
allowed shall be in lieu of and in substitution for all
Prior Service Credits, Special Prior Service Credits, and
Antecedent Service Credits, if any, heretofore allowed such
member by reason of service with the City of Baytown.
(b) In accordance with the provisions of said act, the
deposits required to be made to the Texas Municipal Retire-
ment System by employees of the several participating depart-
ments on account of current service shall be calculated from
and after the date aforesaid on the full amount of such
person's earnings as an employee of the City.
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(c) Subject to approval of the Board of Trustees of
Texas Municipal Retirement System, the updated service
credits hereby granted shall be and become effective the 1st
day of January, 1979.
Section 2. Initial Increases in Annuities in Effect.
(a) Pursuant to Section XVIII of Article 6243h, Vernon's
Texas Civil Statutes as amended and subject to approval by
the Board of Trustees of Texas Municipal Retirement System
as provided in said act, the City of Baytown hereby elects
to allow and to provide for payment of the increases below
specified in all monthly benefits payable by Texas Municipal
Retirement System after the 1st day of January, 1979 to
retired employees and to beneficiaries of deceased employees
of this City under current service annuities and prior
service annuities arising from service of such employee to
this City, and in effect prior to the date last above mentioned.
(b) Each such monthly benefit for the month of January,
1979, and each month thereafter shall be increased by 50%
above the amount of the regular benefit (as distinguished
from any supplemental or distributive benefit) in effect for
the month of December, 1978.
INTRODUCED, READ, and PASSED by the affirmative vote of
the City Council on the 21st day of November 1978.
Z.11VIO.OA0 X
METT 0. HUTTO, Mayor
ATTEST:
EILEEN P. HALL, City Clerk
APPROVED:
SCOTT BOUNDS, City Attorney
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