HomeMy WebLinkAboutItem #45 - First Reading OrdinanceAN ORDINANCE AMENDING THE MIAMI CITY EMPLOYEES'
RETIREMENT SYSTEM (ORDINANCE N0, 2230 JANUARY
1, 1940, ASAMENDED); AS APPEARING IN CODII"ICATION
FORM AS A PART OF CHAPTER 2 , OF Tilt CODE of THE
CITY OF `iIAMI', FLORIDA, 1957; AS AMENDED, MORE
PARTICULARLY AMENDING SECTION 89, AS AMENDED OF
SAID CHAPTER 2; PROVIDING A PROCEDURE FOR PAY-
BACK OF SERVICE CRE ITS FOR MILITARY LEAVE BY
REQUIRING THE 1ILI G OF A FORM WITH THE BOARD
CONTAINING AN ELECTION TO EXERCISE THIS OPTION.
FURTHER: PROVIDINC THAT SAID FORMS SHALL BE
SENT TO ELEGIBLE MEMBERS BY REGISTERED MAIL LPON.
THE MEMBERS COMPLETION OF TEN YEARS OF CREDITABLE
SERVICE: FURTHER PROVIDING THAT SAID FORM SHALL
BE RETURNED TO THE BOARD WITHIN THIRTI' (30) DAYS
OF RECEIPT BY THE MEMBERS' FURTHER:PR.OVIDING
THAT SAID PAYBACK MAY BE MADE IN A LUMP SUM OR.
INSTALLMENTS NOT TO EXCEED FIVE YEARS; FURTHER
PROVIDING THAT IF ANY MEMBER WHO ELECTS TO MAKE
SAID PAYBACK BECOMES ELEGIBLE FOR DISABILITY
RETIREMENT PRIOR TO COMPLETING SAID PAYBACK, THE
DISABILITY BENEFIT -SHALL BE REDUCED BY THE OUT.
STANDING BALANCE, CONTAINING A REPEALER CLAUSE, A
SEVERABILITY PROVISION, AND AN EFFECTIVE DATE.
WHEREAS, the Miami City Employees' Retirement System
(Ordinance No. 2230, January 1, 1940, as amended), was not in-
cluded as a portion of the new Code of the City of Miami, Florida,
effective. September 1, 1967, as adopted by Ordinance No. 7585
(July 25, 1967): and
WHEREAS, said System now exists in codified, form as
appears in Chapter 2 of the Code of the City of Miami, Florida,
1957, as amended, in addition to basic ordinance form; and
WHEREAS, any addition or amendment to said System can thus
be made by reference to the section designations as they appear
in Chapter 2 of the. Code of the City of Miami, Florida,1957, as
amended;
NOW, THEREFORE, BE IT ORDAINED BY THE COMMISSION OF THE
CITY OF MIAMI, FLORIDA.
SectJ.on 1, The Miami City Employe
(ordinance No, 2230, January 1, 1940, as am
codified form as a part of Chapter 2 of the