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Ordinance 1929ORDINANCE NO. 1929 ORDINANCE AMENDING ORDINANCE NO. 1901 OF THE CITY OF MIAMI BEACH, FLORIDA BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF MIAMI BEACH, FLORIDA: SECTION 1. That Article 4 of Ordinance No. 1901 of the City of Miami Beach, Florida, be and the same is hereby amended by adding a new Section thereto, numbered and reading as follows: "SECTION 4.04 Each employee who becomes a member of this System on the effective date of this Ordinance, and who was granted status as a Pro- bationary Employee under Civil Service as the result of an action on the part of the Personnel Board granting this status to all members of a classification, may, at his own option, elect to acquire additional creditable service in respect to his service in the employ of the City for which he received compensation and which was rendered prior to becoming a member of the System; pro- vided that, in order to acquire such additional cred- itable service, such member must pay into the System, not later than January 1, 1976, the contributions at the rate of six per centum (6%) of his compensation, that would have been payable by him had he been a member during such period, with interest at the rate of three per centum (3%) compounded annually until the effective date of this Ordinance, and thereafter at the rate per annum, compounded annually, as adopted by the Board as the rate of regular interest at the time such election is made; and further provided that, if less than all such years of his service is claimed as creditable service, only the part of such service rendered immediately prior to his becoming a member of the System shall be claimed." SECTION 2. All Ordinances in conflict herewith be and the same are hereby repealed. SECTION 3. This Ordinance shall go into effect immediately upon passage and posting, as required by law. PASSED and ADOPTED this 20th day of September , 1972. @S.AL,L., CY- Mayor Attest: City Clerk and Finance Director (SEAL) 1st reading - September 6, 1972 2nd reading - September 20, 1972 PQSTED - September 21, 1972 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. 1929 entitled; "AN ORDINANCE AMENDING ORDINANCE NO. 1901 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 21st day of September, 1972, 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 1st day of November, 1972. City Clerk and Finance Director n T (6 7 O1 0 N vi 0 Ol + - O C J Ol 4) —' Q O a) U) z >- E • O •– (D w -o 4-+ — L) L d o E (1) o< D— z rn — c c (- o o- •- 4-+ CC -D ("o •- o c +-+ -a N L ) E ) L Q U U