3076 ORDINANCE NO. 3076
AN ORDINANCE OF THE CITY OF SANFORD, FLORIDA, AMENDING
ORDINANCE NO. 1688 AS ENDED BY ORDINANCE NO. 1850 AS
AMENDED BY ORDINANCE NO. 2067 PROVIDING FORAN ENDED
PENSION PLAN FOR POLICE OFFICERS TO INCREASE BENEFIT
RATES FROM 2.75% TO 3.00% AND TO PROVIDE MINIMUM CITY
CONTRIBUTIONS; PROVIDING FOR SEVERABILITY, CONFLICTS AND
EFFECTIVE DATE.
WHEREAS, the City of Sanford, Florida, desires to amend the Police
Officers' Pension Plan to increase the monthly retirement benefit.
NOW THEREFORE, BE IT ENACTED BY THE PEOPLE OF THE CITY OF SANFORD,
FLORIDA:
SECTION 1: Section 3 of Ordinance No. 2067 is amended to read as
follows:
SECTION 3: The monthly retirement benefit shall
equal three percent (3.00%) of Average Monthly
Earnings, for each year of Credit Service.
SECTION 2: The amended retirement benefit rate is retroactive to
September 1, 1991.
SECTION 3: 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 4: That all ordinances or parts of ordinances in conflict
herewith be and the same are hereby revoked.
SECTION 5: That this ordinance shall become effective immediately
upon its passage and adoption.
PASSED AND ADOPTED thij~ day of , A.D. 1991.
MAyO~~'~
~ Sanford, Florida.
CERTIFICATE
Ir Janet R. Donahoe, City Clerk of the city of Sanford,
Florida, do hereby certify that a true and correct copy of the
foregoing Ordinance No. 3076, PASSED AND ADOPTED by the City
Commission of the City of Sanford, Florida, on the 23rd day of
September, 1991, was POSTED at the front door of the City Hall in
the City of Sanford, Florida, on the 24th day of September, 1991.
IN WITNESS WHEREOF, I have hereunto set my hand and the
official seal of the City of Sanford, Florida, this 25th day of
September, 1991.