2074 ORDINANCE NO. 2074
AN ORDINANCE OF THE CITY OF SANFORD, FLORIDA,
AMENDING ORDINANCE 2068 TO PROVIDE FOR AN
INCREASE IN THE MONTHLY RETIREMENT BENEFIT OF
THE FIREMEN'S RETIREMENT SYSTEM FROM 2.1% TO
2.2%; PROVIDING FOR SEVERABILITY, CONFLICTS
AND EFFECTIVE DATE.
WHEREAS, it is the desire of the Sanford City
Commission to amend Section 1 of Ordinance No. 2068.
NOW, THEREFORE, BE IT ENACTED BY THE PEOPLE OF THE CITY
OF SANFORD, FLORIDA:
SECTION 1: Section 3, Benefit Amounts and Eligibility,
Subsection 2, Retirement Benefits, A, Normal or Delayed, is
amended to read as follows:
Section 3: BENEFIT AMOUNTS AND ELIGIBILITY
~'RetirementBenef~t
A. Normal orDeiayed - 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 his lifetime, ceasing upon death. If,
after payment commences, the Member should
become deceased before one hundred twent
(120) monthly payments have been amde,
payment will then continue to the Beneficiary
until such one hundred twenty (120) payments
have been made in total, at which time
benefits shall cease. The monthly retirement
benefit shall equal two point two percent
(2.2%) of the Average Monthly Earnings, for
each year of Credited Service.
SECTION 2: The amended retirement benefit rate is
retroactive to October 1, 1989.
SECTION 3: If any section or portion of a section of
this ordinance proves to be invalid, unlawful or unconstitutional
it shallnot 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 OPT D this day of
ATTEST:
City of Sanford, Florida.
CERTIFICATE
I, Gloria Ro Rase, Acting City Clerk of the City of
Sanford, Florida, do hereby certify that a true. and corree.t copy
of the foregoing. Ordinance No. 2074, PASSED AND A~OPTED by the
City Commission. of the City of Sanford, Florida, on~ the 13th day
of November, 1989, was POSTED at the front door of the City Hall
in the City of Sanford, Florida~ on the 15th day of November=,
1989.
In witness whereof, I have hereunto set my hand and the
official seal of the City of Sanford, Florida, this 15th day of
November, 1989.
of Sanford, Florida.
Ordinance No. 2074