Ordinance No. 14,103ORDINANCE NO. 14,103
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BAYTOWN,
TEXAS, ALLOWING CERTAIN EMPLOYEES OF THE CITY OF
BAYTOWN, WHO HAVE TERMINATED PREVIOUS MEMBERSHIPS IN
THE TEXAS MUNICIPAL LEAGUE RETIREMENT SYSTEM, TO DEPOSIT
THE SUMS SO WITHDRAWN PLUS ANNUAL WITHDRAWAL CHARGES
AND ALLOWING AND UNDERTAKING THE COST OF ALLOWING ANY
SUCH EMPLOYEE CREDIT IN SUCH SYSTEM FOR ALL SERVICE TO
WHICH SUCH EMPLOYEE HAD BEEN ENTITLED AT DATE OF SUCH
WITHDRAWAL WITH LIKE EFFECT AS IF ALL SUCH SERVICE HAD
BEEN PERFORMED AS AN EMPLOYEE OF THE CITY OF BAYTOWN;
AND PROVIDING FOR THE EFFECTIVE DATE THEREOF.
******************************************************************************
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN,
TEXAS:
Section 1: That pursuant to Section 853.003 of Subtitle G of Title 8, V.T.C.A.,
Government Code, as amended, the City of Baytown hereby elects to allow any member of the
Texas Municipal Retirement System who is an employee of the City of Baytown on the 27`h day
of June, 2019, who has terminated a previous membership in said System by withdrawal of
deposits while absent from service, but who has at least 24 months of credited service as an
employee of the City of Baytown since resuming membership to deposit with the System in a
lump sum the amount withdrawn, plus a withdrawal charge of five percent (5%) of such amount
for each year from date of such withdrawal to date of redeposit, and thereupon such member
shall be allowed credit for all service to which the member had been entitled at date of
termination of earlier membership, with like effect as if all such service had been rendered as an
employee of the City of Baytown, whether so rendered or not. The City agrees to underwrite and
hereby assumes the obligations arising out of the granting of all such credits, and agrees that all
such obligations and reserves required to provide such credits shall be charged to the City's
account in the benefit accumulation fund. The five percent (50,0) per annum withdrawal charge
paid by the member shall be deposited to the credit of the City's account in said benefit
accumulation fund; and the deposits of the amount previously withdrawn by the member shall be
credited to his or her individual account in the benefit accumulation fund of the System.
Section 2: This ordinance shall take effect immediately from and after its passage by
the City Council of the City of Baytown.
INTRODUCED, READ and PASSED by the affirmative vote of the City Council of the
City of Baytown this the 271h day of June, 2019.
BRANDON CAPETILLO, Mayor
ATT ST:
LE ICIA BRYSCH, City tlerk
APPROVED AS TO FORM:
4
TACIO RAMIREZ, SR., Ci tt mey
R:'+.Karen+.Files •City Council Ordinances\2019Vune 27 ►'MRSBuybackPolicy.doc