O-286-C
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CITY OF CLERMONT
CODE ORDINANCE
NO. 286-C
AN ORDINANCE UNDER THE CODE OF ORDINANCES OF THE
CITY OF CLERMONT, LAKE COUNTY, FLORIDA, AMENDING
ORDINANCE 195, AS AMENDED AND INCORPORATED IN
CHAPTER 16 OF THE CODE OF ORDINANCES OF THE CITY
OF CLERMONT, PROVIDING FOR REVISIONS TO THE
PENSION PLAN OF THE CITY OF CLERMONT, FLORIDA,
PROVIDING FOR SEVERABILITY, PROVIDING FOR
PUBLICATION; AND PROVIDING FOR AN EFFECTIVE DATE.
The City Council of the City of Clermont, hereby ordains that:
SECTION I.
Chapter 16, Article IV, Section 16-56(a) is hereby amended as follows:
Except as provided in Section 16-58, an Employee is neither permitted nor required to
contribute to the Plan. For the Plan Year ending September 30, 1986, and for each
Plan Year thereafter, the City shall contribute to the Pension Account of each active
Participant who was employed on the Anniversary Date an amount equal to the lesser
of (i) eight percent (8 %) of his annual Compensation, or (ii) the maximum Annual
Addition permitted under Paragraph (c), hereof.
SECTION 2.
All ordinances or parts of Ordinances in conflict herewith are hereby repealed.
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CIIT OF CLERMONT
CODE ORDINANCE
NO. 286-C
Page 2
SECTION 3.
Should any section or part of a section be declared invalid by any Court of
competent jurisdiction, such adjudication shall not apply to or affect any other section
or provision of this Ordinance except to the extent that the entire section or part of a
section may be inseparable in meaning and effect from the section to which such
holding shall apply.
SECTION 4.
This Ordinance shall be published as provided by law and shall become law and
shall take effect on October I, 1997.
First Reading this 10th day of February, 1998.
Second Reading this 10th day of March, 1998.
PASSED AND ORDAINED BY THE CITY COUNCIL OF THE CITY OF
CLERMONT, LAKE COUNTY, FLORIDA TIßS~ DAY OF MARCH, 1998.
/2/¿J~~
Robert A. Pool, Mayor
Attest
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~seph E. Van Z e, City Clerk