Ordinance No. 5,12081013 -4
ORDINANCE NO. 5120
AN ORDINANCE OF THE CITY OF BAYTOWN, TEXAS, AUTHORIZING
AND ALLOWING, UNDER THE ACT GOVERNING THE TEXAS
MUNICIPAL RETIREMENT SYSTEM, "UPDATED SERVICE CREDITS"
IN SAID SYSTEM FOR SERVICE PERFORMED BY QUALIFYING
MEMBERS OF SUCH SYSTEM WHO PRESENTLY ARE IN THE
® EMPLOYMENT OF THE CITY OF BAYTOWN; PROVIDING FOR
INCREASED PRIOR AND CURRENT SERVICE ANNUITIES FOR
RETIREES AND BENEFICIARIES OF DECEASED RETIREES OF THE
CITY; AND ESTABLISHING AN EFFECTIVE DATE FOR SUCH
ACTIONS; AND TO INCREASE THE RATE OF DEPOSITS TO THE
TEXAS MUNICIPAL RETIREMENT SYSTEM BY THE EMPLOYEES OF
THE CITY OF BAYTOWN.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN,
TEXAS:
Section 1: Authorization of Updated 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, 1988, 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) On the terms and conditions set out in Section
63.601 of said title, any member of the Texas
Municipal Retirement System who is eligible for
Updated Service Credits on the basis of service
with this City, and who has unforfeited credit
for prior service and/or current service with
another participating municipality or
® municipalities by reason of previous service, and
was a contributing member on January 1, 1988,
shall be credited with Updated Service Credits
pursuant to, calculated in accordance with, and
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subject to adjustment as set forth in said
® 63.601.
(c) In accordance with the provisions of subsection
(d) of Section 63.401 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 110B, 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 deceased
employees of this City under current service
annuities and prior service annuities arising from
service by such employees to this City. An
annuity increased under this Section replaces any
annuity or increased annuity previously granted to
the same person.
(b) The amount of annuity increase under this Section
is computed as the sum of the prior and current
service annuities on the effective date of
retirement of the person on whose service the
annuities are based, multiplied by 70%,of the
percentage change in Consumer Price Index for All
Urban Consumers, from December of the year
immediately preceding the effective date of the
person's retirement to the December that is 13
months before the effective date of this
ordinance.
(c) An increase in an annuity that was reduced because
of an option selection is reducible in the same
proportion and in the same manner that the
original annuity was reduced.
(d) If a computation hereunder does not result in an
increase in the amount of an annuity, the amount
of the annuity will not be changed hereby.
(e) The amount by which an increase under this Section
® exceeds all previously granted increases to an
annuitant is an obligation of this City and of its
® account in the municipality accumulation fund of
the Texas Municipal Retirement System.
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Section 3: Effective Date. Subject to approval by the
Board of Trustees of Texas Municipal Retirement System, the
updated service credits and increases in retirement annuities
granted hereby shall be and become effective on the lst day of
January, 1989.
BE IT FURTHER ORDAINED BY THE CITY COUNCIL OF THE CITY OF
BAYTOWN, TEXAS:
Section 1: That all employees of the City of Baytown,
Texas, who are members of the Texas Municipal Retirement System,
shall make deposits to the System at the rate of 6% of their
individual earnings.
Section 2: This ordinance shall become effective on the 1st
day of January, 1989.
INTRODUCED, READ and PASSED by the affirmative vote of the
City Council of the City of Baytown, this the 13th day of
October, 1988.
I Z"' cy�� -
ETT 0. HUTTO, Mayor
ATTEST:
EILEEN P. HALL, City Clerk
NDkI;L B.' STRONG, CiK�
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