HomeMy WebLinkAboutCity of Tamarac Ordinance O-1980-028Introduced by:
—01�—
+ h=
Temp . 660 1 "�
Rev. 10/5/79
1 CITY OF TAMARAC, FLORIDA
2 ORDINANCE NO. D -7�aIr
3 AN ORDINANCE AMENDING THE PENSION PLAN OF THE CITY
OF TAMARAC AS INCORPORATED IN ORDINANCE NO. 77-13
4 AS AMENDED BY MODIFYING THE DEFINITION OF MEMBER
IN SECTION II AND BY MODIFYING SECTION III OF SAID
5 PLAN TO REMOVE EMPLOYEES ENGAGED DIRECTLY BY THE
CITY COUNCIL AND PERSONS EMPLOYED ON A CONTRACT
5 BASIS FROM SAID PLAN; PROVIDING FOR SEVERABILITY;
PROVIDING REPEALER__;'AND PROVIDING AN EFFECTIVE DATE.
7
g WHEREAS, the Tamarac City Council realizes that employees engaged
9 directly by the City Council negotiate the terms and conditions of their employ--
1 0 ment with the Council; and
11 WHEREAS, the number of said employees is small; and
12 WHEREAS, the City Council desires to provide those employees with
13 the option of not being included in the said Plan; and
14 WHEREAS, it has been determined by actuaries engaged by the City
15 that this amendment will not be detrimental to the overall Plan.
]6 NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
11 TAMARAC, FLORIDA:
18 SECTION 1: That Section II(f) of the Tamarac Pension Plan adopted
19 by Ordinance No. 77-13, as amended, is amended to insert the words, numbers and
20 punctuation underscored and delete the words, numbers and punctuation struck
21 through as follows:
22 (f) "Member" shall mean a General full time Employee, Police
23 Officer or Firefighter who fulfills the prescribed
24 participation requirements. Volunteer Employees shall be
25 excluded from membership. This term shall not include an'
26 em to ee en a ed directiv bv the Citv Council or persons
27 employed on a contractual basis.
28 SECTION 2: That Section III of the Tamarac Pension Plan, adopted
29 by Ordinance No. 77-13, as amended, is amended to insert the words, numbers and
30 punctuation underscored and delete the words, numbers and punctuation struck
31 through as follows:
32 SECTION III MEMBERSHIP; Each Employee, in the active
33 employment of the Employer as of June 1, 1975, shall become a
34 Member of the plan as of June 1, 1975. Each other Employee
i�A
y129
1
2
3
4
5
6
7
8
9
10
11
12
13
14
11
15
16
17
18
19
20
21
22
23
24
25
26
27
28
shall become a Member of the plan on the first day of the
month next following the attainment of age 21 and the
completion of one (1) year of service. No em to ee en a ed
directl b the Cit Council or employed on a contractual
basis, ma , however, be included as a member of this Plan.
Any erson covered by the Plan on 2 / 13 / 8 0 1 _ , the
effective date of this ordinance, shall have the option of
electing to continue or discontinue participation, such'
election shall be irrevocable. Rehired Employees, regardless
of the period of previous employment with the City shall be
considered as new Employees. Employees may be required to
complete an application form if so requested by the Trustees.
SECTION 3: Any payments made to date by any employee covered
by this Ordinance who elects to opt out of this Plan shall be returned without
interest. Employer contributions prior to the effective date of this Ordinance
shall not be withdrawn from the Fund and shall remain a part of the Fund.
SECTION 4: This amendment has been approved by an actuarial firm
and said approval is attached hereto as Exhibit I.
SECTION 5: Should any section or provision of this Ordinance or
any portion hereof or any paragraph, sentence or word be declared by a Court of
competent jurisdiction to be invalid, such decision shall not affect the validity
of the remainder hereof as a whole or any part hereof other than the part declared
29
30
31
32
33
34
to be invalid.
SECTION 6: All ordinances or parts of ordinances in conflict herewith
are repealed to the extent of such conflict.
SECTION 7: This ordinance shall become effective immediately upon
its final passage.
PASSED FIRST READING this�daY of tg 80
READING thi s '-day of , ,19 80
PASSED SECOND 1�
ATTEST: MAYOR
—/)� /., k RECORD OF COUNCIL VOTE
ITY CLERKY G
HEREBY CERTIFY that I have approved
he form and correctness of this ORDINANCE C�! °°C�
CT
DID' 4":9C'T
OT A T LTO 11k EY
i�A
KRUSE, O'CONNOR AND LING xN
ACTUARIAL IMPACT STATEMENT
FORT LAUDEROALE OFFICE
87BI WEST BROWARD 60ULEVARD, SUITE 300
PLANTATION, FLORIDA 33324
(305) 472^3800
NORTH/CENTRAL FLORIDA OFFICE
1212 NORTHWEST 12'L AVENUE
GAINESVILLE, FLORIDA 32601
(904) 375-36OO
RETIREMENT PLAN FOR THE CITY OF TAMARAC EMPLOYEES
Temporary Ordinance #660 would exclude from Plan
lcoreragewhoa hose per-
sons who are engaged directly by the City
loyed
on a contractual basis. Since a very small number of persons fall
into this category, the funding of the Plan will not be affected.
The proposed changes are in compliance with s.14, Article X of the
State Constitution and with 2.112.64, Florida Statute.
r
Date
I i
KRUSE, OICONNOR AND LING, INC.
Theora P. Braccialarghe, FSA(, MAAA
Enrolled Actuary #2826
irI