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HomeMy WebLinkAboutOrdinance 2001-23 ORDINANCE NO. 2001-23 AN ORDINANCE OF THE CITY OF OCOEE, FLORIDA, RELATING TO THE CITY OF OCOEE MUNICIPAL POLICE OFFICERS' AND FIREFIGHTERS' RETIREMENT TRUST FUND; AMENDING ORDINANCE NUMBER 96-20, AS SUBSEQUENTLY AMENDED; AMENDING SECTION 6, BENEFIT AMOUNTS AND ELIGmILITY; REPEALING ALL ORDINANCES IN CONFLICT HEREWfffi AND PROVIDING AN EFFECTIVE DATE. SECTION 1: Authority. The City Commission of the City of Ocoee has the authority to adopt this ordinance pursuant to Article vm of the Constitution of the State of Florida and Chapter 166, Florida Statutes. SECTION 2: That Ordinance No. 96-20, adopting the amended and restated City of Ocoee Municipal Police Officers' and Firefighters' Retirement Trust Fund, as subsequently amended, is hereby further amended by amending Section 6, Benefit Amounts and Eligibility, subsection 1, Normal Retirement Date, to read as follows: 1. Normal Retirement Date. A Member's normal retirement date shall be the first day of the month coincident with, or next following the earlier of the attainment of age fifty-two (52) and the completion of twenty-five (25) years of Credited Service, regardless or age, or the attainment of age fifty- five (55) and the completion of ten (10) years of Credited Service. A Member may retire on his or her normal retirement date or on the first day of any month thereafter, and each Member shall become 100% vested in his or her accrued benefit on the Member's normal retirement date. Normal retirement under the System is Retirement from employment with the City on or after the normal retirement date. SECTION 3. Repeal of Ordinances. All ordinances or parts of ordinances in conflict herewith are hereby repealed. SECTION 4. Effective Date. This ordinance shall take effect upon second reading and adoption. PASSED AND ADOPTED this 2J.s:r: day of ~ I I ~ 11 !; l' , 200 1. ATTEST: APPROVED: CITY OF OCOEE, FLORIDA 1 (SEAL) FOR USE AND RELIANCE ONLY BY THE CITY OF OCOEE, FLORIDA APPROV~p AS TO z;JRM AND LEGALITY THIS ..!l..!i day of . . -(?:!t< 4..:t~ 2001. CHRISTIANSEN & DEHNER, P.A. Special Counsel if- G1l1~ By:' lL( clJ i ///;11./_( DOC \ocoee\pf\02-09-01.ord ADVERTISED ~lLr..us'T" q.l2QOI READFIRSTTIME ~~b (j I READ SECOND TIME A PTED ~u. c;. us 'r 2.. I) 2.. Dol APPROVED BY THE OCOEE CITY COMMISSION AT A MEETING HELD ON ~~~u.s'\ f6\ ,2001, UNDER AGE ITEM N . Yr J:\~. 2