HomeMy WebLinkAboutItem #25 - First Reading OrdinanceSBM/dt
12/9/76
�:-»'"""`•�-fir
ORDINANCE NO,
A ''ORDINANCE AMENDING THE MIAMI CITE' EMPLOYEES'
TtREMENT SYSTEM (ORDINANCE N0. 2230, DECEM-
f BER 6, 1939, AS AMENDED) AS APPEARING IN CODI�
VICATION FORM AS A PART OF CHAPTER 2 OF THE CODE
OF THE CITY OF MIAMI, FLORIDA, 1957, AS AMENDED,
MORE PARTICULARLY AMENDING SECTION 91, AS AMENDED,
OF SAID CHAPTER 2; PROVIDING THAT IF A MEMBER
CANNOT FULFILL TIIE AI'ORESAID CONDITIONS AND
REQUIREMENTS OF THIS SECTION WHICH ARE NECES-
SARY FOR RESTORATION OF SERVICE CREDITS, IiE
MAY, NEVERTHELESS, BE PERMITTED TO REDEPOSIT
OR PAY BACK HIS SERVICE CREDIT UP TO A MAXI-
MUM OF FOUR YEARS; FURTHER PROVIDING THAT SHOULD
A MEMBER DECIDE TO PAY BACK UNDER THE HEREIN
SUBSECTION, SAID PAYBACK SHALL BE MADE UNDER
HIS CURRENT COMPENSATION RATE AS THE BASIS
FOR DETERMINING COSTS INVOLVED; PROVIDING
THAT HIS SEPARATION FROM PRIOR EMPLOYMENT WITH
THE CITY OF MIAMI SHALL HAVE BEEN UNDER HONOR-
ABLE CONDITIONS; REPEALING ALL ORDINANCES
OR PARTS OF ORDINANCES IN CONFLICT HEREIN;
AND CONTAINING A SEVERABILITY PROVISION AND
AN EFFECTIVE DATE. •
"DOCUMENT INDEX
ITEM NO.
WHEREAS, the Miami City Employees' Retirement System
(Ordinance No. 2230, December 6, 1939) was not included as a
portion of the new Code of the City of Miami, Florida, effec-
tive September 1, 1967, as
1967); and
WHEREAS, said System now exists in co
it appears in Chapter 2 of the Code of theCity
1957, as amended, in addition to basic ordinan
WHEREAS, any addition or amendments
can thus be made by reference to the section d
they appear in Chapter 2 of the Code of the C
Florida, 1957, as amended;
NOW, THEREFORE, B11 1T ORDAINED BY TB
nig CITY OF MIAMI, FLORIDA;
adopted by Ordinance No. 7585 (July 25,
►►
151
ORDINANCE NO.
AN ithINANOE AMENDING THE MIAMI CITY GENERAL
EMPLOYEES' RETIREMENT PLAN (ORDINANCE NO; 5624:%
tAY 2, 1956, AS AMENDED): A8 APPEARING IN CODI
I'ICATION FORM AS PART OF CHAPTER 2 OF THE
CODE; OF THE CITY OF MIAMI, FLORIDA, 1957, AS
AMENDED, BY DELETING THE REQUIREMENT OF THE
4% INTEREST PAYMENT ON THE PART OF CERTAIN
EMPLOYEES EXERCISING THEIR ELIGIBILITY TO BUY
BACK CREDITABLE SERVICE IN THE PLAN FOR THE
PERIOD OF NON -MEMBERSHIP COVERED UNDER ORDINANCE
NO, 8568 WHICH CREATED ELIGIBILITY FOR PRESENT
MEMBERS OF THE PLAN WHO WERE EMPLOYED AS LABORERS,
.WATCHMEN OR CUSTODIAL WORKERS BETWEEN APRIL 1,
1955, AND SEPTEMBER 30, 1962, AND WHO WERE
DENIED MEMBERSHIP STATUS IN THIS TIME PERIOD;
REPEALING ALL ORDINANCES, CODE SECTIONS OR PARTS
THEREOF IN CONFLICT, INSOFAR AS THEY ARE IN
CONFLICT; CONTAINING A SEVERABILITY PROVISION,,
WHEREAS; the Miami
City General EmployeesRetirement
Plan (Ordinance NO': 5624, May-2, 1956, as amended) was not included
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,
and
1967)
WHEREAS, ...said Plan no
w exists in the codified` form as found
in Chapter 2 of the Code of the City of Miami, Florida, 1957, as
ainendedin addition to basic ordinance form; and
WHEREAS, any addition or amendments to. said Plan can thus
be made by reference to said Chapter 2 of the. Code of. the City
Miami, Florida, 1957, as amended: and
WHEREAS, in the administration of its employee retirement
program, the City of Miami desires to assume the costs of the four
per .cent (4%) interest for creditable service as forth in Ordinance,
No 8568', adopted July 22, 1976, rather than collect :the same separately
from each individual employee; and
WHEREAS, monies to meet the said cost shall come from the
general ad valorem tax monies of the City of Miami as previously
a�p p . p grams and Accounts:and Community •p ro dated in• the S eolal Pro r
p eg :ems (Contingency Fund) and