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93-2861 Ordinance ORDINANCE NO. 93-2861 AN ORDINANCE OF THE CIlY OF MIAMI BEACH, FLORIDA, AMENDING ORDINANCE 1901 WHICH CREATED THE GENERAL EMPLOYEES PENSION SYSTEM, BY AMENDING SECTION 5.02, EARLY RETIREMENT ALWWANCE, BY PROVIDING THEREIN A PERIOD DURING WHICH A RETIREMENT INCENTIVE WILL BE OFFERED TO QUALIFYING EMPLOYEES WITHIN THE CLASSIFICATIONS OF "OTHER" EMPLOYEES, PROVIDING FOR A REPEALER, SEVERABILIlY AND AN EFFECTIVE DATE. Whereas, the City Commission of the City of Miami Beach, Florida, adopted Ordinance 1901 which created the General Employees Pension System, and, Whereas, the City Commission is desirous of reducing the number of employees who qualify for membership in the System, and, Whereas, the reduction in membership can be accomplished on a voluntary basis by offering an incentive for existing employees to retire. NOW, THEREFORE, BE IT ORDAINED BY THE MAYOR AND CIlY COMMISSION OF THE CIlY OF MIAMI BEACH, FLORIDA: SECTION 1- That Section 5.02B of Ordinance 1901 be amended to read as follows: B. Commencing on the effective date of this Ordinance and for sixty (60) days thereafter (the "Election Period"), an Employee who is a Member ("Employee Member") of this System and is in a classification within the AFSCME bargaining unit or 'who meets one of the criteria set forth below will have an irrevocable option to elect one and only one of the following70ptions. Commencing on the effective date of this Ordinance and for sixty (60) days thereafter. an Employee who is a Member of the System and is in a classification within the "Other" group and who meets one of the criteria set forth below will have an irrevocable option to elect one of the following options: (1) If an Employee Member within the Election Period, has attained the normal retirement age and completed five (5) years of creditable service, said Employee Member shall have the irrevocable option to retire during the Election Period, and receive, as an inducement, credit for two years of additional creditable service in addition to any creditable service the Employee Member may have earned, or, (2) If an Employee Member, within the Election Period, shall have completed five (5) years of creditable service and is within two (2) years of the normal retirement date, said Employee Member shall have an irrevocable option to retire within the Election Period, and receive, as an inducement, credit for two (2) years of additional age in addition to the age previously attained by the Employee Member. SECTION 2 . REPEALER All Ordinances or parts of Ordinances in conflict herewith be and the same are hereby repealed. SECTION 3. SEVERABILIlY If any section, subsection, 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 be effective ten days after its adoption. Passed and adopted this 28th day of July , 1993. Attest: Approved as to Form: jG:;:> ., . ~ ,'1 ~ City Attorney 1st reading 7/14/93 2nd reading 7/28/93