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3354 ORDINANCE NO. 3354 AN ORDINANCE OF THE CITY OF SANFORD, FLORIDA, AMENDING ARTICLE XV OF CHAPTER 2 OF THE CITY CODE OF THE CITY OF SANFORD, POLICE OFFICERS' RETIREMENT SYSTEM; AMENDING SECTION 2-261, DEFINITIONS, TO REVISE THE DEFINITION OF "ACCUMULATED CONTRIBUTIONS"; AMENDING SUB-PARAGRAPH (A), AMOUNT, OF PARAGRAPH (1), MEMBER CONTRIBUTIONS, OF SECTION 2-265, CONTRIBUTIONS, TO INCREASE A MEMBER'S OWN CONTRIBUTION ASSESSMENT RATE TO FIVE AND ONE TENTH (5.1) PERCENT OF GROSS PAY; AMENDING SUBPARAGRAPH (2), NORMAL RETIREMENT BENEFIT, OF PARAGRAPH (A), NORMAL RETIREMENT, OF SECTION 2-266, BENEFIT AMOUNTS AND ELIGIBILITY, TO INCREASE THE NORMAL MONTHLY RETIREMENT BENEFIT AND MONTHLY DISABILITY BENEFIT TO THREE AND FIFTY HUNDREDTHS (3.50) PERCENT OF AVERAGE FINAL COMPENSATION FOR EACH YEAR OF CREDITED SERVICE; AMENDING SUB-PARAGRAPH (1), DISABILITY BENEFITS ON-DUTY, AND SUB- PARAGRAPH (2), DISABILITY BENEFITS OFF-DUTY, OF PARAGRAPH (D), DISABILITY, OF SECTION 2-266, BENEFIT AMOUNTS AND ELIGIBILITY, TO CLARIFY THAT THE DISABILITY BENEFIT IS EQUAL TO THREE AND FIFTY HUNDREDTHS (3.50) PERCENT OF BASE PAY AT THE DATE OF DISABILITY FOR EACH YEAR OF CREDITED SERVICE; PROVIDING FOR SEVERABILITY, CONFLICTS, AND EFFECTIVE DATE. WHEREAS, it is the desire of the Sanford City Commission to amend the Police Officers' Retirement System as set forth in Article XV of the City Code in order to increase a member' s own contribution assessment rate to five and one tenth (5.1) percent of gross pay and to increase a member' s normal monthly retirement benefit and monthly disability benefit to three and fifty hundredths (3.50) percent of average final compensation for each year of credited service and to clarify that the disability benefit is equal to three and fifty hundredths (3.50) percent of base pay at the date of disability for each year of credited service, NOW, THEREFORE, BE IT ENACTED BY THE PEOPLE OF THE CITY OF SANFORD, FLORIDA: SECTION 1: That Section 2-261, Definitions, of Article XV, Police Officers' Retixement System is hereby amended to read as follows: Section 2-261. Definitions. Accumulated contributions means a member's own contributions assessed at the rate of five and one tenth (5.1) percent of gross pay, all without interest. SECTION 2: That sub-paragraph (A), Amount, of paragraph (1), Member contributions, of Section 2-265, Contributions, of Article XV, Police Officers' Retirement System is hereby amended to read as follows: Section 2-265. Contributions. (1) Member contributions. (a) Amount. Members of the system shall be required to make regular contributions to the fund in the amount of five and one tenth (5.1) percent of his/her gross pay. Member contributions withheld by the city on behalf of the member shall be deposited with the board at least monthly. The contributions made by each member to the fund shall be designated as employer contributions pursuant to Section 414(h) of the [Internal Revenue] Code. Such designation is contingent upon the contributions being excluded from the members' gross income for Federal Income Tax purposes. For all other purposes of the system, such contributions shall be considered to be member contributions. SECTION 3: That sub-paragraph (2), Normal retirement benefit, of paragraph (A), Normal retirement, of Section 2-266, Benefit amounts and eligibility, of Article XV, Police Officers' Retirement System is hereby amended to read as follows: Section 2-266. Benefit amounts and eligibility. (A) Normal retirement. (2) Normal retirement benefit. A member retiring hereunder on or after his normal retirement date shall receive a monthly benefit which shall commence on his retirement date and be continued thereafter during the member's hfetime, ceasing upon death, but with one hundred twenty (120) monthly payments guaranteed in any event. The monthly re 'ttrement benefit shall equal three and fifty hundredths (3.50) percent of average final compensation, for each year of credited Ordinance No. 3354 Page 2 service. SECTION 4: That sub-paragraph (1), Disability Benefits On-Duty, and sub- paragraph (2), Disability Benefits Off-Duty, of paragraph (D) Disability, of Section 2-266, Benefit amoants and eligibility, of Article XV, Police Officers' Retirement System is hereby amended to read as follows: Section 2-266. Benefit Amounts and Eligibility, (D) Disability. (1) Disability Benefits On-Duty. Any member who shall become totally and permanently disabled to the extent that he is unable, by reason of a medically determinable physical or mental impairment, to render useful and efficient service as a police officer, which disability was direc~y caused by the performance of his duty as a police officer, shall, upon establishing the same to the satisfaction of the board, be entitled to a monthly pension equal to three and fifty hundredths (3.50) percent of base pay at the date of disability for each year of credited service, but in any event the minimum amount to be paid to the member shall be equal to fifty (50) percent of the base pay of the member at the date of disability. Any condition or impairment of health of a police officer caused by tuberculosis, hypertension or heart disease shall be presumed to have been suffered in line of duty unless the contrary is shown by competent evidence, provided that such police officer shall have successfully passed a physical examination upon entering into such service, including cardiogram, which examination failed to reveal any evidence of such condition; and provided further, that such presumption shall not apply to benefits payable or granted in a policy of life insurance or disability insurance. (2) Disability Benefits Off-Duty. Any member with five (5) years or more credited service who shall have become totally and permanently disabled to the extent that he is unable, by reason of medically determinable physical or mental impairment, to render userid and efficient service as a police Ordinance No. 3354 Page 3 officer, which disability is not directly caused by the performance of his duties as a police officer shall, upon establishing the same to the satisfaction of the board, be entitled to a monthly pension equal to three and fifty hundredths (5.50) percent of base pay at the date of disability for each year of credited service. SECTION 5: If any section or portion of a section of this ordinance proves to be invalid, unlawful or unconstitutional, it shall not be held to impair the validity, force or effect of any other section or part of this ordinance. SECTION 6: That all ordinances or parts of ordinances in conflict herewith be and the same are hereby revoked. SECTION 7: That this ordinance shall become effective immediately upon its passage and adoption. PASSED AND ADOPTED thi~_~day of& , A.D._~ ATTEST: IT~YCLERK ~/~ As the City Commission of the City of Sanford, Florida CERTIFICATE I Janet R. Dougherty, City Clerk of the City of Sanford, Florida, do hereby certify that a ~e and correct copy of the foregoing Ordinance No.5~, PASSE AND OPTED by the City Commission of the City of Sanford, Florida, on th~ay of ~'~ ',t~ff' , 19~was posted at the front door of ~e City Hall in the City o'~an~ord, Sanford, Florida ~lesX97Xsa~ffordXord\police rate amd:nah Ordinance No. 3354 Page 4