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<br />OR\G\NA~. <br /> <br />e <br /> <br />Finally, for the employee who participates in the Buy Back option and eventually retires <br />from the City (our target audience), the amount the City has contributed on their behalf <br />would become part of the employee's retirement pension, <br /> <br />Regarding the annual exposure of $67,200 that has been communicated to us by TMRS, <br />it covers the full cost of 40 eligible employees, Mr, Rigby has visited with the 40 <br />employees and found that about half have indicated they would exercise their Buy Back <br />option by contributing their portion, This means the real cost to the City would be <br />significantly less than the $67,200 being set aside, Also, I believe that when it is time to <br />actually put up money, we will probably find an even smaller number of employees <br />participating. Because these are retirement dollars, the closer you are to retirement, the <br />less benefit you receive by participating in the Buy Back, <br />