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Home My WebLink AboutO-08659RPC/bbb 5,5/"" °ROMANCE NO. 5659 AN ORDINANCE AMENDING THE MtAMI CITY GENERAL EMPLOYEES' RETIREMENT PLAN (ORDINANCE NO., 5624, MAY 2, 1956, AS AMENDED); AS APPEARING IN CODI- FICATION 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 NONMEMBERSHIP 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 Employees' Retirement 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, 1967) and WHEREAS, said Plan now exists in the codified form as found 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 Plan can thus be made by reference to said Chapter 2 of the Code of the City of 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 set 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 appropriated in the Special Programs and Accounts and Community Programs (Contingency Fund); and WHEREAS, payment of the four per tent t4%) interest by the city, approximating a sum not to exceed Twenty Thousand ($2O,000,00) Dollars, shall be placed into the Special Millage Account Retirement Plan from said Contingency Fund; NOW, THEREFORE, BE IT ORDAINED RY THE COMM/ SION OP THE CITY OF MIAMI, FLORIDA Section 1. The Miami City General Employees' Retirement Plan (Ordinance No. 5624, May 2 1956, as amended), as said Ordinance, as amended, 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 particulars:1/ "Notwithstanding any provision in the Retirement Plan to the contrary, a present member who was employed by the City of Miami as a laborer, watchman or custodial worker between April 1, 1955 and September 30, 1962 nay receive membership credit for the time he was so employed between the aforesaid dates; provided that: s�**** (d) Such employee, prior to his retire- ment or departure from City employment, pays into the Retirement Fund contributions as shall have been verified by the Board for such service, at the then contribution rate of his group and class times earnings based on his then annual salary,plus-4%-tt erect thereon, aompouaded-manual tom--the-date of-. st -armed able--scr ee- i-em deN-to--she data-o - ay ems, such payment to be made either in a lump sum or prorated over a period not to exceed 5 years; such payment to be completed prior to retirement." * * * * * Section 2. The provisions and sections of this Ordinance may be numbered to conforms to the existing numbered order as found in Chapter 2 of the Code of the City of Miami, Florida. 1957. as amended. 1/ Underscored words constitute the amendment proposed. IiemaininA provisions are now its effect and remain unchanged. Words strscken through shall be deleted. S Won 3 All ordinances, rode se thins or parts thereof in conflict herewith, ingotar as they are in conflict are hereby repealed. Section 4, if any sect on, part of aeetion, paragraph, clause, phrase, or word of this ordinance is declared invalid, the remaining provisions of this Ordinance shall not be affected, 19 PASSED AND ADOPTED BY TITLE ONLY, this day of May 1977, PASSED AND ADOPTED ON SECOND AND FINAL READING BY TITLE ONLY, this gth day of June ATTEST: 1977 RALPH G. ONGIE CITY CLERK PREPARED AND APPROVED BY. 641 5?:64qe: RtOBERT F. CLARK ASSISTANT STATE ATTORNEY APPROVE TO FORM AND CORRECTNESS: CITY ATTO • MAYOR i MIAMI REVILW AND DA)I.Y Itte011D Prtitthad bed, type 3nNirddjr Snaky fad big& noltddyt Rildmi. hdde Count r. f'Irrrtdrt. STATE DP PtORIDA COUNTY OF 1)ADE: 1l.to�te� the understaffed iuthbprt{tV perSOMeli g} rered V.Pq n Ll$il Probate, de Vella trill ?Metal ateVII V She Dill, Pesaro, a dilly tattept satluyee , 3uneay ehe Legal 'Melidaya) news giber publ ahe° at Miami In tier mln u beingdAdLegal tAawR siininttoryNotl tyro the matter o ;t-r tit the was published to said flewspapat In the IUUas of Misfit further *aye that the geld Miami Review and Daily Record is a newspaper published et Miami, to UId Deda County. Florida, and that the laid hews• {taper hes heretofore been continuously published in slld bade County rlbride, each day (except Saturday, Sunday and Legal Holidays) and hes been entered as slebnd Iasi mail metier et the post office in Miarhl, In fieldDadepreceding the Florida for a period of one yea► soapy of advertisement son publication furrtherasays that she has neither peld nor proMised any person, firm er +corporation any discount, rebate, commfision ur rotund for the purpose of securing this advertisement for publication In the said gaper. /.,_ .." Swbrt/ to and Subscribed 'beta.• a this Court .�. r ;.,..,day oil d ,:,.........i..,,» � Oete� V. arb NoS5tiry Publit,,stat M Flo (SEAU =mu , My Commission exptr June i6, at Large. CITY Olt A10.lr DADE COUNTY, FLORIDA LEGAI. NOTICt All IMNerlsled will take nellte that ihn the 111h day of Junk .1!fl the City Commlseien et MiomI, Flbrlde adapted the tellowlhe titled tar, dine1eest °RDINANts NO. l69 AN ORDINANCE WENDING THE MIAMI CITY GENERAL EMPLOYEES' RETIREMENT PLAN '(ORDINANCE NO. 3611, MAY L 1DS6, AS AMENDED): AS .APPEARING 1N CODIFICATION >=ORM AS PART OF CHAPTER 3 °PIUS CODE OF THE +CITY OP MIAMI'FLORIDA, lilt' AI AMENDED BY DELETING FIE RECIU%REMENT OF THE VA 'INTEREST PAYMENT ON THE PART OF CERTAIN EMPLOYEES EXERCISING THEIR ELIGiBIL1TY TO BUY BACK CREDITABLE SERVICE IN THE PLAN FOR THE PERIOD OP NON•M►CMBERSHIP COVERED UNDER ORS; DINANCE NO. 4661 WHICH CREATED ELIGIBILITY.POR PRESENT MEMBERS OP .:THE PLAN WHO WERE EMPLOYED AS LABORERS, WATCHMEN OR 'CUSTODIAL WORKERS BETWEEN APRIL 1,11.11,AND SEPTEAMER50, 1464, AND WHO WERE DENIED MEMBERSHIP STATUS IN THIS TIME PERIOD; REPEALING AU. ORDINANCES, CODE SECTIONS OR PARTS'THEREOP IN CONFLICT,` 1N. SOPAR AS THEY ARE IN CONFLICT; CONTAINING A SEVERAEILITY PROVISION. RALPH G. ONGJE „` ' r CITY CLERK `" ;' ' CiTY OF MIAMI, FLORIDA Pubiltatibn of this notice on the 14 day of June, 1W1 D 6114 6110 ,Joselotz R. Grassie Ci t r:. ili,nager Tames E. Gunderson Director of Finance ;:sue, -..... •._. Re!' Plan Ordinance ''' Amendment Attached hereto is a proposed Ordinance Amendment deleting, the requirement of the 14interest pa, dent as required under the provisions of' Ordinance :,- This r Ordinance Amendment "Will. not : effect the 4 interest pa;yznent requirement under other bu,j back situations. It covers only those individuals that were employed as laborers, vatdmen, or custodial workers who were excluded from membership between April 1, 1955, an September 30. 1962. 'le.a.se schedule this item for ffirst reading on the : May ;19, 1977 Commission Agenda: Consideration -ma,r also be given to deleting the provision that pa meat be made over a period not to exceed five years. Since we are dealing with a_,buy-back situation covering seven years, the contributions, necessary to receive this, membership .credit, may be too excessive to be accomplished by those ,individuals within five years. If the City, Commission so desires, ;this provision couldbe chanced ' to ; read, "such . payment to be completed prior to retirement". This would- involve no additional cost to the City as the payments would be pro -rated.