O-280-C
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CITY OF CLERMONT
CODE ORDINANCE
NO. 280-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 1.
Chapter 16, Article I, Section 16-5 is hereby amended as follows:
Section 16-5. Retirement and retirement benefits subsection (b) shall be amended to
read as follows:
(b) Normal retirement benefits. A member retiring hereunder on or after his
normal retirement date shall elect to have his benefits payable under any of the
options outlined in section 16-5(h).
The monthly normal retirement benefit for general employees and
firemen shall be equal to two (2) percent of average monthly earnings, times
years of creditable service. In no event, however, will a monthly benefit be
less than two dollars ($2.00) times years of creditable service.
The monthly normal retirement benefit for volunteer firemen shall be
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CITY OF CLERMONT
CODE ORDINANCE
NO. 280-C
two dollars ($2.00), times years of creditable service.
The monthly normal retirement benefit for policemen shall be equal to
two and a quarter (2.25) percent of average monthly earnings, times years of
creditable service. In no event, however, will a benefit be less than two dollars
($2.00) times years of creditable service.
Effective October 1, 1992 all retirees who retired prior to October 1,
1986 shall receive an increase in their monthly retirement benefit amount in the
amount of two dollars ($2.00) per year of creditable service.
SECTION 2.
All ordinances or parts of Ordinances in conflict herewith are hereby repealed.
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.
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CITY OF CLERMONT
CODE ORDINANCE
NO. 280-C
SECTION 4.
This Ordinance shall be published as provided by law and shall become law and
shall take effect on the date of its Second Reading and Final Passage.
First Reading this /..Jt::1L day of October, 1993.
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Second Reading this :2J,itday of ~ ,1993.
PASSED AND ORDAINED BY THE CITY COUNCIL OF THE CITY OF
CLERMONT, LAKE COUNTY, FLORIDA TIllSc26ft DAY OF ~ ,
1993.
4it1C~
Attest
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