866-FL Retirement System STATE- CITY OF SANFORD AGREEMENT NO.I ~S ~-- ~ ~
The Department of Management Services of the State of Florida, under the authority of Chapter 121,
Florida Statutes, and City of Sanford of the State of Florida, herein referred to as "City of Sanford", in
order to extend to officials and employees of said City of Sanford (except such as are hereinafter
excluded) the benefits of the Florida Retirement System established by Chapter 121, Florida Statutes,
hereby agree as follows:
1. Definitions:
For the purpose of the Agreement -
(a) The definitions, words and phrases as set out in Section 121.021, Florida Statutes, shall have
the respective meanings set forth therein.
2. Services Covered:
The agreement includes and covers all services performed by officers and employees of this City of
Sanford except any service, position, employee, or official excluded by Chapter 121, Florida Statutes,
the rules and regulations of the Florida Retirement System; or Resolution No.lg".-.q'? adopted by the City
of Sanford on the &.L_ day of ~o~,~.,~ , 200 D
3. Contributions by Employees:
The City of Sanford agrees to impose upon its employees covered by this Agreement the required
contributions with respect to wages if such services constituted employment within the meaning of
Chapter 121, Florida Statutes, and to deduct the amount of such required contributions from the wages
as and when paid. Contributions so collected shall be paid to the Administrator of the Retirement
System in partial discharge of the liability of said City of Sanford, said payments to be made in
accordance with rules and regulations relating to the Florida Retirement system. It is agreed and
understood that the failure of said City of Sanford to deduct such contributions shall not relieve it of
liability therefor.
4. Contributions by the City of Sanford:
(a) The City of Sanford represents that it has duly and legally adopted, and that there is now in full
force and effect, a resolution requiring an appropriation from available funds in its general or special
funds derived from ad valorem tax or other sources, which shall be in an amount not less than the sums
withheld as the contributions of employees covered by the Agreement, the sum to equal the total
amount due from said City of Sanford (employer's and employee's contributions) under applicable
provisions of Chapter 121, Florida Statutes.
(b) As assurance of its ability to pay its share of the contributions which will become due and
payable to the Administrator under the terms of this Agreement and as assurance that said
contributions will be adequate, the City of Sanford hereby obligates itself to maintain, and represents
that at all times hereafter there will be maintained, in the appropriation provided in paragraph 4.(a),
above, a sum fully sufficient to pay its share of the contributions: and that same (together with
contributions deducted from salaries, wages, etc., of employees) will be paid promptly when due.
5. Reports-Compliance and Regulations:
The City of Sanford agrees that it will make such reports, in such form and containing such information,
as the Administrator may require. The City of Sanford further agrees that it will comply with all
provisions
of Chapter 121, Florida Statutes, and with all rules and regulations adopted and promulgated by the
Administrator of the Florida Retirement system necessary to carry out the purposes of Chapter 121,
Florida Statutes. It is further understood and agreed that late payments come under provisions of
Section 121.061, paragraphs (2) (a), (b) and (c), Florida Statutes.
6, Termination:
Once this agreement is made and approved it may not be revoked and all present officers and
employees electing coverage under this agreement and all future officers and employees shall be
compulsory members of the Florida Retirement System.
7. Past Service of Covered Officers and Employees:
The City of Sanford hereby elects and agrees to provide benefits for past service from I/~j ~'(~, for its
officers, officials, and employees covered by this Agreement, who were in its employ o'n }.2j//~x~, in
accordance with provisions of Chapter 121, Florida Statutes.
The cost to purchase past service credit is estimated to be which the City of Sanford agrees
to pay in the following manner: upon execution of the Agreement, the remainder to be paid
in equal annual installments of each, the first one of said installments shall be paid on
or before June 30, __and a like installment on each June 30th thereafter until the total cost is paid.
This payment includes 6 1/2% interest compounded annually on the unpaid balance. It is further
agreed that if an application for retirement benefits or a request for refund is received based in part on
past service years, that the total amount of payments for past service credit to be refunded to said
employee, shall be made from the payments made by said City of Sanford and if the payments of the
City of Sanford are insufficient at the time said benefits or refunds are requested or are due to be paid,
the City of Sanford will be required to make an additional payment sufficient to meet these demands
prior to the processing of the request or warrant. This will be applicable until the total past service
liability has been paid in full. It is understood and agreed that the above described method for
liquidating past service liability of the City of Sanford does not preclude payment in part or in full of any
amounts prior to the scheduled due dates. The City of Sanford by making this election shall have no
right at any time in the future to purchase additional past service credit for its covered group. Such
statement of intent shall be binding and irrevocable effective with the date of coverage in the Florida
Retirement System.
This Agreement shall be effective as of the / day of ,200 [.) .
Director ivision of Retirement
Clerk
(SEAL)
RESOLUT,O..0...
A RESOLUTION OF THE CITY OF SAN FORD, FLORIDA,
PERMITTING ALL GENERAL EMPLOYEES TO ELECT TO
PARTICIPATE IN THE FLORIDA RETIREMENT SYSTEM AS
SET OUT IN SECTION 2-155, ARTICLE X, RETIREMEN'I'
SYSTEM OF THE CODE OF ORDINANCES OF THE CITY
OF SANFORD BEGINNING DECEMBER 1, 2000;
PROVIDING FOR EFFECTIVE DATE.
WHEREAS, it is the intent of the City of Sanford, Florida to reinstate its membership
with the retirement plan for all employees or officers hired on or after December 1, 2000,
as provided in Section 2-155, Articte X, Retirement System, of the Code of Ordinances of
the City of Sanford, effective by separate resolution.
NOW, THEREFORE, BE IT RESOLVED BY THE PEOPLE OF THE CITY OF
SANFORD, FLORIDA:
SECTION 1: It is hereby declared to be the policy and purpose of the City of
Sanford of to reinstate its participstion in the Florida Retirement System for all employees
or officers hired on or after December 1,2000.
SECTION 2: This Resolution shaJl remain in full force and effect until
supplemented, amended, repealed or otherwise alters
SECTION 3: This Resolution repeals all other actions in conflict herewith.
SECTION 4: This Resolution shall take effect on December 1, 2001.
PASSED AND ADOPTED th s/L-,~day
i o ....
ATTEST:
As the City Commission of the
City of Sanford, Florida
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Resolution No.