Ordinance 18114
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ORDINANCE NO. 1811
AN ORDINANCE AMENDING ORDINANCE NO.
845, COMMONLY KNOWN AS THE "CITY OF
MIAMI BEACH EMPLOYEES' RETIREMENT
SYSTEM."
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF MIAMI
BEACH, FLORIDA:
SECTION 1. That Section 4.01.03 of Ordinance No. 845
of the "City of Miami Beach Employees'
Retirement System" be and the same is hereby amended to
read as follows:
"Section 4.01.03
Beginning January 1, 1962, every new Member
of this System shall contribute at the
rate of six (6) percent of every payment of
earnings applicable to his employment by
the City of Miami Beach. Those who became
Employee Members prior to January 1, 1962,
and who contributed at the rate of five
(5) percent must, in order to receive the
benefits provided for under Section 5A
hereof, contribute at the rate of six (6)
percent and pay into their respective
accounts for Accumulated Employee Normal
Contributions, an amount equal to twenty
(20) percent of the total amount in that
account on the date such member elected
or shall elect to contribute at the rate
of six (6) percent; but the benefits
provided under Section 5A shall not be
available until the total amount is contri-
buted. An Employee Member who has made
Employee Additional Contributions may
transfer all or a portion of his Employee
Additional Contributions to his Employee
Normal Account in order to satisfy this
requirement. In the event of the death
of an Employee Member prior to the payment
in full of the twenty (20) percent contri-
bution, a lump sum payment of any balance
may be made and benefits received under
Section 5A hereof."
SECTION 2. That Section 5A.01 of Ordinance No. 845
of the "City of Miami Beach Employees'
Retirement System" be and the same is hereby amended to
read as follows:
"Section 5A.01
All Employees who became Members of this
System prior to January 1, 1962, and the
Beneficiaries of such Employee Members,
may elect to receive benefits as set forth
in this Section; except those Employee
Members who, prior to said date, contributed
at the rate of five (5) percent shall not
have such election unless they contribute at
the rate of six (6) percent and comply with
the requirements set forth in Section
4.01.03 hereof.
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OFFICE OF CITY ATTORNEY - 1130 WASHINGTON AVENUE - MIAMI BEACH, FLORIDA 33139
There shall be no time limit within
which employees must elect to contribute
at the rate of six (6) percent. Employees
who became Members after December 31, 1961,
and the Beneficiaries of such Employee
Members, shall receive benefits under this
Section and shall not have the option of
benefits under Section 5."
SECTION 3. All ordinances or parts of ordinances in
conflict herewith be and the same are
hereby repealed.
SECTION 4. That this ordinance shall go into effect
immediately upon its passage and posting
as required by law.
PASSED and ADOPTED this 5th day of February,
Attest:
City Clerk -Finance Director
1st reading -
2nd reading -
3rd reading -
POSTED -
January 28, 1970
January 28, 1970
February 5, 1970
February 9, 1970
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1970.
OFFICE OF CITY ATTORNEY - 1130 WASHINGTON AVENUE - MIAMI BEACH, FLORIDA 33139
STATE OF FLORIDA
COUNTY OF DADE:
I, RUTH B. ROULEAU, City Clerk and Finance Director in
and for the City of Miami Beach, Florida, do hereby certify that
Ordinance No. 1811 entitled:
AN ORDINANCE AMENDING ORDINANCE NO. 845, BEING AN ORDINANCE
PROVIDING FOR THE CREATION AND MAINTENANCE OF A PENSION AND
RETIREMENT SYSTEM FOR CERTAIN EMPLOYEES OF THE CITY OF MIAMI
BEACH, FLORIDA.
having been passed and adopted by the City Council of the City of
Miami Beach, Florida, has been posted by me in three conspicuous
places in the City of Miami Beach, one of which was at the door
of the City Hall in said City on the 9th day of February, 1970,
and that said Ordinance remained posted for a period of at least
thirty days in accordance with the requirements of the City Charter
of the said City of Miami Beach.
IN WITNESS WHEREOF I have hereunto set my hand and
affixed the official seal of the City of. Miami Beach, Florida,
on this the 20th day of March, 1970.
City Clerk and Finance Director
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