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HomeMy WebLinkAboutO-08059r tek OROINANCtNO.:_80$0---- AN ORDINANCE AMENDING THE MIAMI CITY GENERAL EMPLOYEES' RETIREMENT PLAN (ORDINANCE NO. te.24, MAY 2, 1956, AS AMENDED); AS APPEARING IN CODI- PICATION VORM AS A PART OF CHAPTER 2 OF THE CODE OP THt CITY OF MIAMI, VLOAIDA, 195/# AS AMENDED, MORE PARTICULARLY AMENDING SUB -SECTION 2-109 OP SAID CHAPTER 2, BY DELETING TREAEPROM SUB-PARAGRAPRS 4(b), 4(c), AND 4(d) AND SUB- STITUTING A NEW SUB -PARAGRAPH 4 (b) THEREBY ELIMINATING THE VORMER MANDATORY REDUCTION OP THE RETIREMENT ALLOWANCE Or AN, EMPLOYEE RETIRED ON ACCOUNT OF ORDINARY DISABILITY BY ANY BENEFITS RECEIVED PROM THE FEDERAL SOCIAL SECURITY PROGRAM, SAID NEW PARAGRAPH READING AS FOLLOWS: "A PENSION WHICH, TOGETHER WITH HIS ANNUITY, IF ANY, SHALL PROVIDE A TOTAL RETIREMENT ALLOWANCE EQUAL TO NINETY PER CENT OF THE PROPORTION OF HIS AVERAGE FINAL COMPENSATION SPECIFIED AS THE RATE OF BENEFIT FOR HIS GROUP AND CLASSIPICATION, AS PROVIDED UNDER SECTION (2-106(4), MULTIPLIED BY THE NUMBER OF YEARS OF HIS CREDITABLE SERVICE, IF SUCH RETIREMENT ALLOWANCE EXCEEDS THIRTY PER CENT OF HIS AVERAGE FINAL COMPENSATION; OTHERWISE A PENSION WHICH, TOGETHER WITH HIS ANNUITY, IF ANY, SHALL PROVIDE A TOTAL RETIREMENT ALLOWANCE EQUAL TO NINETY PER CENT OF SUCH PROPORTION OF HIS AVERAGE FINAL COMPENSATION, MULTIPLIED BY THE NUMBER OF YEARS WHICH WOULD BE CREDITABLE TO HIM, WERE HIS SERVICE TO CONTINUE UNTIL THE • ATTAINMENT OF THE MINIMUM SERVICE RETIRE- MENT AGE FOR HIS GROUP AND CLASSIFICATION, SO FAR, AS THE RESULTING TOTAL RETIREMENT ALLOWANCE SHALL NOT EXCEED THIRTY PER CENT OF HIS AVERAGE FINAL COMPENSATION." AND CONTAINING .A SEVERABILITY PROVISION; DIS- PENSING WITH THE REQUIREMENT OF READING THIS ORDINANCE ON TWO SEPARATE DAYS BY A VOTE OF NOT LESS THEN FOUR -FIFTHS OF THE MEMBERS OF THE COMMISSION. ti the ediictiotc of a retii*ed empl6Jee's reti `emetlt all6iande on atdbuht of his re6eipt of social ' tec rity' beriefite hat be@n ' diteorit ft ed for. a iut ber of yeas; and. WHEREAS, an employee retired as a result of ordinary disability should also receive a 'retirement alloWance tinreduced by social security benefits; and WHEREAS, neither Ordinance No. 22SO, adopted December 6, 1929, as amended, creating the Miami City Employees' Retire- ment System No. 5624, adopted1956, as nor Ordinance May- 2, amended creating the Miami City General Employees' Retirement Plan were 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 System and Plan now both exist in ac- cordance with the 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 amendments to either said System or said Plan can thus be made by reference to the section designations as they appear in said 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 M IAM I , FLORIDA: Section 1. The following change is hereby made in the Miami City General Employees' Retirement Plan_ (Ordinance it Nos S624 (May 2) 1956), as atended)) as said ordinanceas amended, appeart i?i codificatioh fbrM as a part of cialtet 2 6i the Code of the City br Miati, Vlbrids, 1957, as aended: (a) Paragraph (2) of subsection In of Chapter 2 6E the Code o. the City of Miami, Florida, 1957, as amended, is hereby amended by the deletion of sub -paragraphs 4(b), 4(c), and 4(d) and by the substitution of the following neW sub -paragraph 4(b): "A pension Which, together with his annuity, if any, shall provide a total retirement allowance equal to ninety per cent of the proportion of his average final compensation specified as the rate of benefit for his group and classification, as provided under section (2-106(4), multiplied by the number of years of his creditable service, if such retirement allowance exceeds thirty per cent of his average: final compensation; otherwise a pension which, together with his annuity, if any, shall provide a total retirement allowance equal to ninety per cent of such proportion of his average final compensation, multiplied by the number of years which would be creditable to him, were his service to continue until the attainment of the minimum service retirement age for his group and clas- sification, so far as the resulting total retirement allowance shall not exceed thirty per cent of his average final compensation." Section 2. 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 remaining portions of this Ordinance, and it shall be construed to have been the intent of the Commission of the City of Miami to pass this ordinance without sueh Ufe fatittxtiora.j., t VAii o Inb r4tiv6 . &rt therein; flA the remai?c er . of thie Ordinance after the exclusiOt bf aueh part or party shall aiid to be valid as if'suth parts had not been include therein. Seetioh 3. That the requirettent of reading this ord., itiance On tw6 separate-daye.ia hereby diepensed.with by a. Vote of not less than fOui fifths of the fitinb rs of the Commission. Section 41 phis ordinance to be effective J'anuarJ i4972.. PASSED AND ADOPTED this 19th day Of Maki, 1972. H.D. SOUTHiERN. CITY CLERK DAVlb T. KENNEDY M A Y 0 P f of0 l Ole o the�t9 a .::....... .: ke=eb1 eerti�i► to t ..au tile.:..,....,...... ,.:..... • of the 9 �. 7 a full, trno and correct aop9, L. M. 1 �% Pasted at `the South.. oirig ordinance wee ?Ma sieve and foro� Court Boise at th�R place of the Dodo Countyattaching pro nblicatione b9 sovided for .aoticsw and,P. � place Pro91d4a therefor. , 1p�id copy to .tile p tbo official seal of moil 1}� �J'�y band a ;"- iir (I . •{NII/NIl1lJNM .>•NN .W.11 N1i1 i -clot f lg1►t 1 M1AMi R1EW . AND 'BARN it,fftleti5 Pitbrifht M a ry , lad "Mittel . • bP K ARIBA t [1N1`if 'Of 13ADl~ 9etare ttte . tllidifbithed euthsrttsr isefeartatl9 Peed Mefthe brdbiile, Wh8 bit bath_ sate the the IS the V.P.: Legal , Ade bf - the Mierhi &Vie* tend Daily Rettifd, a Belly- (except setutae t, uhtay end Legal 'Holl,daye) " helve apex publI3hed at .MIA') In Dade b8Uhty,,Floflde; het the eftached Copy of edVer• tleehierit, being A Legal AdVertiselheht br Nstiee Ill the TAttef'sf-AdOptiOtt of Or No, SOri0 ike i rltttet d.itt, tity .44441 1 D,1414N i eti Atployee i+;,i ttetir ettt , Plan) tat tee out was published In geld newspaper In the issues of ail••,i,il .• 666 R 141 . Went further says that the' said Miami Review and Daily Record is a newspaper published at Miami, in said Dada County, Florida, and that the ublishhewin paper has heretofore been . Continuously. p SundDade ys and Legai Holidays) each day been en Saturday.. $as second Class mall Metter et the post office In Miami, in Bald Dade County, Florida for a period of one „year next precedIng the first: publication bf the attached copy- of edvertiseinehtl and affiant further says that she has neither paid nor promised tiny person, firm or corporatioh any discount, rebate, commission or refuhd for the purpose of securing this edvertlsement - for publication In the Said newspaper, �.,-r--eL- sac f , 1,. .�'tiN•wi,i�11�• Swam to end subscribed before mb this 2 ; h...... day of LlaY A.C. 19 72 ' E Marjorie T. Smith. Notary Public, State of Florida at Large. (SEAL) My Commission expires September 1, 1973. tV A 2T ti!' CE to 7 t J -:A i adill tli $„It @, P�ttNT Dr AV E} toll At t fl n M tty PUUAI CbM �:I SA 10N�t it„ la 1, Pk*Iittii i,i pre Ceti►ttilitt RM .�1= E r� t*f .. n het , t`0,0' �, edb,tett, ri t p� 71.::. �htillieS ti5 �n`c Turk k ' tALt, Ai4 tiftD1NA * . A t b1N . PttOVirit A 'SAL tlItItx , y')IE SRAM! :tiff ' n9N$RAti :"•M ` ".AtLOWAKCE ," EQtiAtrl - ' t MtstOrt :S' , RE' itfEMEN`� '1 :N1ki;Ttf . I'ER'alter 0f PLAN bililiNANC f. Ko. ti624. a fiat 1 t'I01ti Ot tttg AMtiNb t i AVEtRAGE FDIAti `C0 tt'E sA MA, 2r ii!)ad "A� l. Tt� Milt/Matt 12Y .'P iE' AS, N FO ifil A rr - PAAT'iC NIIMIgT R OP.: Yt Atil Wtiie/4. 9'IIA FOttiti AS A t'ARcot VVOtltti lit C'L`biTAnr,E To; C-r ' Ft Eit ` 2 OF' Tilt AMI; HtM. WE1 E IIIS..: SERRV#CEE '1'(3. 01{ 't#i2 :evil. OP . �ftAEti, CON�11ivi)t1 ttNTiL 'Tilt; AT+ Fi:ORf p A tt AS_ t i, A tt 1. V ; - TAINMENT OP . T#IE .' MINI.- ' bibt#E _I'AIt`itICtit.,Atti.Y t�fiENtlSAI .:crtAti Eirl+i t2 -A 1$B-tl iOU -M1D eta. rj ELE' INtl '"CttAt39itOt St CL,ASS11 iCATt0N, 1: I.ERAGRAi 5'ttt4(h), 4(�ht, Still' Tilt tt suurtsciv f At. y' 41d) A 1) St d(T1, d(t),. A;'tlii 9ttl);, AN'bi " St1FiSTIi'i7T ,. G . A : 9'ittE'irtii�lT A L L''O �►.-A I�tC ij: ;.NEaf_,_St?tt.PARAGRAt'hi 4(bi-` -SItALLi;NOT CC1 D:"t'I#ItiTY i lgtRFBY. ELIMINATING tilt PE`R C 'lit ttt ibt".14/8 ATY f11ERAGE' FOR:•iER_ M AN_TATORV ilt ... Rg= ibENT' 1LLOWANCL' OrI AN :'I 6VI CNL-D SP NStNG t Ett-PLOYEE RETIRED ON AC- . \VITit . 'tilt , REQUIREMENT AIL Tf BY- A Y BENE S AiNCE , ON ' - TWO-SEPAAIIA E 1 12ECEiVEb FROM Tit , PS1)�. bAYS' V A_, VOTE. Ole.'; Not- , SOCIAL 8-ECU R_I T Y TI#E LESS TEEN 1N $$ S TI#11 t PIlO01iAtt,, SAID NSW PARR ' GRAI'R . READING AS FOL. COMMISSION • LOWS: _ "A PENSION .W'IIICit. a•hfeh` to clea4Suatert Oi, ,._ . �Hc 3 TOGETHER \VITII 1l1S AN.. - NL'ITY, IA ANY. SHALL Pilo.- No 8059. VII)E.A-TOTAL RETIREtµ1ENT I#•'I). SOLJ'rRt ttAt :. iAL-I.O\VANCE..EQtJAt._TO NINSTV PER CENT , 0F: TIIi: CI,Y L. MIAI,tI, PROPORTION OF I11S AVER- - > CITY1' AGE FINAL COMPi NSATiO�t .' FLORIDARlication rd . t1,- trottce on' SPECIFIED AS TI=IE RATE OF - BENEFIT,' FOR IIIS'' GROUP the 25th day of -May, fit-.. 7 AND CLASSIFICATION, -. AS _ PROVIDED ENDER RPM th S/18/7 AN ORDINANCE AMENDING THE MIAMI CITY GENERA, EMPLOYEES`'RTtMtI,, PLAN,(ORDINANCE,NO. 5624, MAY 2, 1956, AS AMENDED); AS APPEARING tN CObt� FICATION FORM AS A PART 'OF CHAPTEit 2 OF THE CODE OF THE CITY OF MIAMI, 'LORIDP,, 19570 AS AMENDED, MOREPARTICULARLY AMMINO SUB -=SECTION 2-109 OF SAID CHAPTER 2, BY bELETMNG THEREFROM SUB -PARAGRAPHS 4(b), 4(d), AND 4(d) ANDSUB..., STITUTING A NEW SUB -PARAGRAPH 4(b) THEREBY ELIMINATING THE FORMER MANDATORY REDUCTION OF THE RETIREMENT ALLOWANCE or AN EMPLOYEE RETIRED ON ACCOUNT OF ORDINARY DISABILITY BY ANY BENEFITS:RECEIVED FROM THE FEDERAL SOCIAL SECURITY PROGRAM, SAID NEW PARAGRAPH READING AS FOLLOWS: "A PENSION WHICH, TOGETHER WITH HIS ANNUIT1f,,IF ANY, SHALL PROVIDE A TOTAL RETIREMENT:ALLOWANCE EQUAL TO NINETY PER CENT OF THE PROPORTION'OF HIS AVERAGE FINAL COMPENSATION SPECIFIED AS THE RATE OF BENEFIT FOR HIS GROUP AND CLASSIFICATION, AS PROVIDED UNDER SECTION (2-106(4), MULTIPLIED BY THE NUMBER OF YEARS OF HIS CREDITABLE SERVICE, IF SUCH RETIREMENT ALLOWANCE' EXCEEDS THIRTY PER CENT OF HIS AVERAGE FINAL',COMPENSATION; OTHERWISE A PENSION, WHICH, TOGETHER WITH HIS. ANNUITY,, IF ANY, SHALL PROVIDE A TOTAL RETIREMENT ALLOWANCE EQUAL TO NINETY'PER CENT OF SUCH PROPORTION :OF HIS AVERAGE FINAL COMPENSATION, MULTIPLIED BY THE NUMBER OF YEARSWHICH WOULD. BE, CREDITABLE TO HIM, WERE HIS SERVICE.TO,CONTINUE UNTIL THE ATTAINMENTOF THE MINIMUM SERVICE RETIRE- MENT AGE FOR HIS GROUP AND .CLASSIFICATION, SO FAR AS THE' RESULTING_ TOTAL. RETIREMENT ALLOWANCE SHALL NOT EXCEED THIRTY. PER, CENT, OF HIS AVERAGE FINAL'COMPENSATION." AND ' CONTAINING A SEVERABILITY'PROVISION, DIS PENSING WITH THE, REQUIREMENT OF READING THIS'ORDINANCE ON TWO SEPARATE DAYS BY A VOTE OF NOT LESS THEN FOUR --FIFTHS OF THE MEMBERS OF THE COMMISSION. WIttfttAg, the reduotin of a retired employee's retirementallowance On aCoount of his receipt of eoc ial sedurity 'benefits has been discontinued far a number of years; and WHtRtAS, aft employee retired as a result of Ordinary disability should also receive a retirement allbWance u ireduced by social security benefits, and WHEREAS, neither Ordinance No. 2230, adopted December 6, 1929, as amended, creating the Miami City Employees' Retire- ment System nor Ordinance No. 5624, adopted May 2, 1956, as amended creating the Miami City, General Employees' Retirement Plan were 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 System and Plan now both exist in ac- cordance with the 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 amendmentsto either said System or said Plan can thus be made by reference to the section designations as they appear in said 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 following change is hereby made in the Miami City General Employees' Retirement Plan (Ordinance No, 5624 (May /) 1M6)) as affierided)) at said ordinands) a§ amended) appsats in codification form a§ a part Oi Chapter 2 of the Code of the City of Miami, Florida, lgS/, as amended! (a) Paragraph () Of aubsection 109 of Chapter 2 of the Code of the City of Miami, PlOrida, 1957, as amended, ig hereby amended by the deletion of sub -paragraphs 4(b), 4(d), and 4(a) and by the substitution of the following new sub -paragraph 403): "A pension which, together With his annuity, if any, shall provide a total, retirement allowance equal 'to ninety per cent of the proportion of his average final compensation specified as the rate of benefit for his group and classification, as provided under section (2-106(4), multiplied by the number of years of his creditable service, if such retirement allowance exceeds thirty per cent of his average final compensation; otherdise a pension which, together with his annuity, if any, shall provide a total retirement allowance equal to ninety per cent of such proportion of his average final compensation, multiplied by thenumber of years which would be creditable to him, were his service to continue until the attainment of the minimum service retirement age for his group and clas- sification, so far as the resulting total retirement allowance shall not exceed thirty per cent of his average final compensation." Section 2. 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 remaining portions of this Ordinance, and it shall be construed to have been the intent of the Commission of the City of Miami to pass this ordinance 3 MAYOR Without suth uri%ptistitUtional# invalid be ihopefatiVe part thereth. and the iefitaindef of this bidi ranee after :the Otthigion of titoh gait or parts shall be de iii'ec. arid, held to -be Valid as if sttoh parts had not been fteluded therein. Seetion . -That the regttitoment of reading thie ordinance on two se agate; days is hereby dispensed with by a vote of not less than four fifths Of' the members Of the Commission section 4i `his ordinance to'be effective 3.1 an,19.72'. PAS H"O`T FIPST IttADING ITL OilLY TI tS lam, i972 DAY `OE PASSED AND ADOPTED O SECOND AND FINAL READING BY TITLE ONLY THIS //9- DAY OF )7 - �,4;rt.J.r,,G>ir:.c�%' ✓ f�+CC,� '2�yt.eaT rf7��'aoZ G.L Ge` . - - r,.• ATTEST: at-6de? CITY CLERK RED AND APPROVED BY: Robert F. Clark Assistant City Attorney REVIEWED BY; () 9hn S. Lloyd siatant to D3.reo ..r Mna. BP /`/ , 1972. tQ in - City Atto 'ney 4