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Ordinance 86-2527 ORDINANCE NO. 86-2527 AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AMENDING ARTICLE XVI OF THE RELATED LAWS OF THE CITY OF MIAMI BEACH, FLORIDA, ENTITLED PENSION AND RETIREMENT SYSTEM FOR OFFICERS AND EMPLOYEES, BY ADDING A NEW SECTION 102 . 1 AUTHORIZING THE ESTABLISHMENT, VIA ORDINANCE, OF A MANAGERIAL RETIREMENT PLAN AND MAKING THE PROVISIONS OF THE ARTICLE XVI INAPPLICABLE TO SAID MANAGERIAL RETIREMENT PLAN; REPEALING ALL ORDINANCES IN CONFLICT THEREWITH; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE. BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA: SECTION 1. That Article XVI of the Related Laws of the City of Miami Beach, Florida entitled "Pension Retirement System for Officers and Employees Generally" , is hereby amended as follows by adding a new Section 102.1 authorizing the establishment, via ordinance, of a Managerial Retirement Plan: Section 102. 1 Managerial Retirement Plan. (a) A Managerial Retirement Plan may be established by Ordinance, which shall supplement any other pension plan of the City of Miami Beach insofar as those covered under said Ordinance are concerned, and nothing herein shall be construed to in any way affect the operation or benefits of any other pension plan of the City of Miami Beach, Florida. (b) The sections of this Article shall not be applicable to the Managerial Retirement Plan referred to herein. -1- SECTION 2. REPEALER. All ordinances or parts of ordinances in conflict herewith be and the same are hereby repealed. SECTION 3. SEVERABILITY. If any section, sentence, clause or phrase of this ordinance is held to be invalid or unconstitutional by any court of competent jurisdiction, then said holding shall in no way affect the validity of the remaining portions of this ordinance. SECTION 4. EFFECTIVE DATE. This ordinance shall take effect ten (10) days after its adoption, on December 27 , 1986. PASSED and ADOPTED this 17th day of December , 1986 . 4010r ,,riles__ MAYS Attest: ' ")? tra.4.0. CITY CLERK 1st Reading - December 4, 1986 2nd Reading - December 17, 1986 , JKO/rg FORM APPROVED �'E LEGAL DEP By we -2- Q) CC RI o bD CO •r-1 •r l • m q Cl.) N Cf)CU ro CU H (n '17/ CDbO Cd o O RI +-I Cd .0 0 N 4-1 R G Cd N ro a) •ri al X X u1 N (1) f t . N 4-1 RI N C P2I 1J•r1 aCA N H L bA•H U 1 +J O Q co 4-a Pa a) r0i H • O •ri '17) O 0 U ro Cd N C P ro •H f4 X 4.4 E - 'o w O14 x) a) 0 t~ W N• 'U cid H •rl rl US c0U O O 0 H 41 CO O •rl g4 <4 CU Pa •r) •rl O •r' 4) by 4-1 U U ro •r1 4.1 Q' 4a CO 0 O d-) O 3 !~ X b0 N &) •ri N X •H 4J C ro tio H d) 4-I N H N 4i cd H 0