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Ordinance No. 4,027I
ORDINANCE NO. 4027
AN ORDINANCE AUTHORIZING AND
GOVERNING THE. TEXAS KjNICIF
"UPDATED SE14 VICE CREDITS"
PERFORMED BY QUALIFYING MEMB
PRESENTLY ARE THE EMPLOYMENT
PROVIDING FOR INCREASED PR101
ANNUITIES FOR RETIREES AND 88
RETIREES OF THE CITY; AND ESTAS
FOR ' SUCH ACTIONS.
ALLOWING, UNDER THE ACT
kL . RETIREMENT SYSTEM,;
UD SYSTEM FOR SERVICE
:RS OF SUCH SYSTEM WHO;
OF THE CITY OF BA
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BE IT ORDAINED BY THE CITY COUNCIL OF TW- CITY OF BAYTOWN,
TEXAS.
Section 1: Authorization of Service Credits.
(a) On the terms and conditions set out in Sections 63.401 through 63.403 of
Title 110B, Revised Civil Statutes of Texas, 1925, as amended, each member of the
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, 1985, by reason
of service in the employment of the City of Baytown, and. on such date has at least
36 months of credited service with said system, shall be and is hereby allowed
'Updated Service Credit" (as that term is defined in subsection (d) of Section 63.402
of said title) in an amount that is 100% of the "base Updated Service Credit" of
the member (calculated as provided in subsection (c) of Section 63.402 of said title).
The Updated Service Credit hereby allowed shall replace any Updated Service
Credit, prior service credit, special prior service credit, or antecedent service credit
previously authorized for part of the same service.
(b) In accordance with the provisions of subsection (d) of Section 63.402 of
said title, the deposits required to be made to the Texas Municipal Retirement
System by employees of the several participating departments 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.
® Section 2: Increase in Retirement Annuities.
(a) On terms and conditions set out in Section 64.203 of Title 1108, Revised
Civil Statutes of Texas, 1925, as amended, the City of Baytown hereby elects to
allow and to provide for payment of the increases below stated in monthly benefits
payable by the Texas Municipal Retirement System to retired employees and to
beneficiaries of deceF -.r:d employees of this City under current service annuities and
CJ
Council of the City of Baytown, this the 13th day of December, 1984.
ATTEST:
EILEM P. , ity Jerk
APPROVED:
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