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Home My WebLink AboutO-08732RD 12 rb �73 177 ORDINANCE NO.___.�.._,__ _._. AN ORDINANCE AMENDING THE 11IAMI CITY EMPLOYEES' RETIREMENT SYSTEM (ORDINANCE NO. 223O, DECEMBER 6, 1939, A5 AMENDED) AS APPEARING tN CODIFICATION FORM AS A PART OF CHAPTER 2 OF THE CODE OF THE CITY OF MIAMI, FLORIDA, 1957, A3 AMENDED, MORE PARTICU- LARLY AMENDING SECTION 91, AS AMENDED, OP SAID CHAP- TER tfl. 2; BY PROVIDING THAT SHOULD A MEMBER REDEPOSIT OR PAY BACK SERVICE CREDITS UNDER SUBSECTION 17(g) OF SAID SECTION 91 TttAT SAID PAYBACK SHALL lE MADE UNDER THE MEMBER'S CURRENT COMPENSATION RATE; tXCLUD• INti INTEREST, AS THE BASIS FOR DETERMININO COSTS INVOLVED; CON AININO A REPEALER PROVISION, A SEViRAt3ILIr'Y CLAUSE AND AN EFFECTIVE DATE. WHEREAS, the Miami City Employees' Retirement System (Ordinance No. 223b, December 6, 1939) was not included as a portion of the new Code of the City of Miami, Florida, effective September 1, 1957, as Adopted by Ordinance No. 7585 (July 25, 1967); and WHEREAS, said System now exists in codified form as it 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 amendments 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: Section 1. The Miami City Employees' Retirement System (Ordinance No. 2230, December 6, 1939, as amended), as appears in codification form as a part of Chapter 2 of the Code of the City of Miami, Florida, 1957, as amended, is hereby further amended in the following particulars1/ Section 2-91, Benefits * Restoration of ServiceCredits to Certain Rempioyed Former Members s (17)(g) If a member cannot fulfill the aforesaid conditions and requirements of this section, which are necessary for restoration of service credits, he or she may nevertheless be permitted to redeposit or pay back 1fWWWWw W WWWwr W WWWaswwrw.rw - wwww ww' ww lw w w It Www ww-w'ww wws•wwww w-W wwswwwwww' Underscored words constitute the amendment proposed. Remaining pravialuns of Section :2-91 4rc now in effect and remain unchanged. for service et flit up to n teaximuf of four ',tarsi this subsection shall apply only to those member whose separation from prior employment shall have been under honorable conditions. Should a member decide to pay beck under the heroin aubsentton, said payback shall be made using his or her current eonpenaation rate, gxcluding intersat, as the beats for determining the costa involved. Section 2. A11 ordinances, code actions, or parts thereof it conflict herewith, insofar as they are in conflict, are hereby repealed. Section 3► If any section, sentence, clause, phrase, or word of this ordinance is for any reason held or declared to be unconstitutional, inoperative, or void, such holding or invalidity shall not affect the retraining portions of this ordinance, and it shall have beet construed to have been the intent of the Commission of the City of Miami to pass this ordinance without such unconstitutional, invalid, or inoperative part therein, and the remainder of this ordinance, after the exclusion of such part or parts, shall be deemed and held to be valid as if such parts had not been included therein. Section 4. The provisions of this ordinance shall become effective on this 11th day of February , 1978 . PASSED ON FIRST READING BY TITLE ONLY this 15th_ day of December , 19 71 PASSED AND ADOPTED ON SECOND AND FINAL READING BY TITLE ONLY THIS llthday o f January , 19 7 8 . GIE, CITY CLERK PREPARED AND APPROVED BY; RT..P ....K14VS ER .. ISTANT CITY ATTORNEY MAURICE A FERRE MAURICE 4. FERRE, MAYO R APP ± r' D AS TO FORM AND CORRECTNESS; GEO ROE 4 ' . KNOX, CITY f! iRNEY MffiM! RSV Irti ilrreeArieftrKeRt Ptieitim a beto map i111b1'Ef1y, !tine, fit 111I11 1.611e1$ Mieffli, Dee. Minn?", Pie,tes. StAtE DP Pi,0121011 VIA?, Of !Hatt: Osten ElAe�rs the trttelfwt4MRe 11011 enrti, s pDpO�1Iste'nsarlrnwin6 , *We fi�Oil eMntf� t1�tIns IITh Dal y Rate seat ti l p tetrea t SI�at �1�r, 'I WNW mely IRO Mat . ) �Missttin eIn Oi6Ip1I °itenee a tlly eel Mot iiithtt, Np aLegal Advartiler illi er drill!'! Inn% Metter of City of Miami, Florida Gt ORDINANCE NO. 8732 in the 2tXX Churl, was published ih laid newspaper In the Mutt of January 17, 1178 Affiattif further says that the said Mieml It evil* and Daily Retard is a newspaper published at MIaml, in told Dade County, Florida, and that the laid newtpapeP flat heretotore been tonilnubutly published in sale bade County, Florida, Beth day (Wept Saturday, Such nay and Legal Holidays) end het been entered at second class mail Matter at the pet, Office In Miami, In said bade County. Florida, fora period of the year heft oreeedihp the first publication of the lttathed telly of advertisement; and afilaht further lays that She has neither id nor 'vomited an person, firm at MOOS. ?Ian lhyy"Olstount rebate, tohmisston er refund for the aui ote It securing this advertisement for pubIltatlen in t�a said riewtp%6plt., � r1t iiifrt ` `Sie,r,. • • Sworrea an tiub rt af9;b ota t the thit * • t`Vi 17 th day of .... ........ �. JanuarSi.b. 194 7 • P Notary • '>F ky Ceskey fert of Pi t"0�+!''' be (SEAL) '# 1;i ��i'' '� My Commission expires Sep'tfttirryfr10��itlt•`'�� CITY OR MIAMI, bADE tOUNTYr F40R16A LEGAL NOTICE Ali interested will ',BM tittle. that ah Mo lllh day ofJanuary, TOTS the City tomintttion of Mtamt, Ptertda pasted and adopted the Mow, Mg tilled Ordiflcnte: ORDINANCE No. S732 AN ORbINANCE AMENDING THE MIAMI 'CITY EMPLOYEES' RETIREMENT SYSTEM QORDINANCE NO. 22se, DECEMBER $. 1424, AS AMENDED) AS APPEARING IN tobtFICATION FORM AS A PART OP CHAPTE/$ 2 OF THE CODE OF THE CiTY OP MiAMI, FLORIDA, 1N7, AS AMENDED MORE PARTICULARLY AMENDING SECTION 91, AS AME OEb,,`ifl*"fA11S"Ci1APTER 2 VPROVIDING THAT SHOULD A MEMBER PEDEPOSfT OR PAY; SACK` SERVICE CREDITS UNDER SUBSECTION 17fp1 OF,SAID SECTION 9i THAT SAID PAYBACK SHALL BE .MADE UNDER THE MEMBER'S CURRENT COMPENSATION RATE. EXCLUDING fNTEREST, AS THE. BASIS F012 DETERMINING COSTS 1NVGL'VEb; CONTAINING A REPEALER PROVISION, A SEVERABIUTY CLAUSE AND AN EFFECTIVE DATE. Pubrtcafion of this toff It17 RALPH G. ONGIE CITY CLERK on the 17 day of January, 1971t. M 011733 r3oseph R• GradOie City Manager \, s1/4.; Irwin Matin; Secretary Retirement "ystem Alt 1. .j• r . jY i December 5, 1977 Re: Ordinance Correction The City Commission adopted Ordinance #8657 on May 19, 1977. Said Ordinance permitted System members to re -deposit contributions to restore prior service credit to a maximum of 4 year credit. The above payback etas to be based on the individual' s current compensation in lieu of any accumulated interest. The cost study performed by Alexander & Alexander, System Actuaries, was based on this intent. The netirenent Board was informed by their legal advisor that even though Ordinance f8657 made no reference to accumulated interest, Section 91, which said Ordinance amended, specified interest be included with the re -deposit. Please schedule the attached Ordinance amendment for City Commission action. This amendment excludes interest on the re -deposit permitted under Section 91, sub -section 17 (g). CITY CQ? Ma S O4. MEETING Or D L ✓' I i7,1977 - �4..•......,art.. &fob CI eagle. OerW et the City of hereby tertity that ea A. D. 191.r. a tat, ma and the .b gad foregoing ordirianos was rated at the iamb tom ot the Dade toasty fturt Howse at the Peed priielded lot notices and pub:lotion, by disables laid coy to the place Provided therefor. WM= my ha tile Aida seal City this.andAY .A. ty Clair