O77-14ORDINANCE NO. 77-~
AN ORDINANCE OF THE CITY OF BOYNTON BEACH, FLORIDA,
AMENDING PROVISIONS OF CHAPTER 21 OF THE CODIFIED
ORDINANCES OF SAID CITY PERTAINING TO MUNICIPAL
PENSION PLAN, PROVIDING FOR SAVINGS CLAUSE.~ REPEALING
PROVISION, AUTHORITY TO CODIFY, AN EFFECTIVE DATE AND
FOR OTHER PURPOSES.
BE IT ORDAINED by the City Council of the City of Boynton Be.
Flor,ida, that the following section of Chapter 21 of the Codified
Ordinances of the City of Boynton Beach, Florida be amended as
follows:
Sec. 21-38. Re-employment; no leave of absence or military
service.
~nen any former employee of the City ms re-employed, he will
become a member of the plan upon re-employment as a full time
permanent general City employee. If such re-.employed City em-
ployee who had withdrawn contributions previously made to the plat
elects to repay the amount he has withdrawn together with interes~
at the rate of 3% per annum to January 1, 1977 and 5% thereafter
measured from the date of withdrawal to the date of repayment, the
credited service which such re--employed member had accumulated as
of the date of his prior termination of employment shall be re-
instated and he shall accrue additional credited service from the
date of his re-employment.
(Second paragraph remains unchanged.)
Sec. 21-51. Death before retiremen~ date.
In the event of death of an employee prior to the receipt by
such employee of any of the benefits under the provzsions of this
Article, then the total ~ount of contributions by said employee
to the fund, up to the time of his death, shall be paid to the
beneficzary of the deceased employee, together with interest
thereon at %he rate of 3% per annum to January 1, 1977 and 5%
thereafter, computed in the manner provided in Section 21-53,
unless the employee has reached normal retirement age and the
retirement annuity option provided in Section 21-54 has been
elected by the employee, in which case pensmon payments will be
made as though the employee had retired on the date before he die,
Sec. 21-52. Death after retirement date.
In the event of the death of a retired employee prior to th~
receipt by said employee of benefits under this Article in an
amount equal to the total amount contributed by such employee to
the penszon fund, together with interest thereon at %he rate of
3% per annum to January 1, 1977 and 5% per annum thereafter com-
puted to the date of the employee's retirement as provided in
Section 21-53~ then the excess of such contribution plus interest
to the da~e of retirement over the amount of the benefits received
by such employee under this Section shall be paid to the bene-
ficiary of such deceased employee unless the retired employee has
elected the Retirement Annuity Option provided in Section 21-54 ir
which event benefits will be paid in accordance with such option.
The designated beneficiary of an employee who retired przor to
January 1, 1977 but who dies subsequent thereto, shall be eligibl~
to receive benefits computed in accordance with the provisions of
the plan in effec~ as of the date of such employee's retirement.
Sec. 21-53. Termination of services prior to eligibility
for retirement.
In the case of voluntary resignation or discharge of any
member of the plan, the total amount contributed~by said employee
to the fund up to the time of his res!gnation or discharge (to-
gether with interest at the rate of 3% per annum to January 1~
1977 and 5% per annu~ thereafter compounded from the end of the
year in which contributions are made to the date of termination
of Service) shall be returned and said employee shall immediately
cease to be a member Of the plan and shall not be entitled to,
any o~her benefits from the plan unless nhe member has completed
fen (10) years of credited serviced under the plan or i~ totally
and permanently disabled. If he has coD~leted ten (10) or more
years of credited servmce or i~ totally and permanently disabled
he shall be fully Ve~ted and ~titled to a deferred annuity com-
mencing at his normal retiremenn date~ The monthly amount of
such deferred annuity shall be an amoun~ computed in the same
man~er as the deferred annuity described for early retirement in
Seetion 21-50. For ~e purpose of such calculation~ the m~mber's
date of termination Of employment shall be considered as his earl
retirement dat~.
Section 2: Separability: Eack of the provlszons of thms
ordinance are separable, including word, clause, phrase or sen~enc
and if any portion thereof shall be declared invalid, the remainin
portion shall not be affected but shall remamn in full force and
effect.
Section 3: ~epealing Provision: Ail ordinances or parts of
ordinances mn conflict herewith are herby repealed~
Section 4: Authority to Codify: Specific authority is here-
by granted to codify and incorporate this ordinance into the City'
existing Code.
Section 5: A ~ '
n ~ffectzve Date: This ordinance shall become
effective in the manner and at the time provided by law.
First reading this ~ day of ~'~' ~977.
Second, final reading and passage, this ~ day of ~
1977.
CITY OF BOYNTON BEACH, FLORIDA
(Corp. Seal)
ATTEST:
By: