O-32-C
.
.
CODE ORDINANCES
N~
67
No. 32-C
AN ORDINANCE UNDER THE CODE OF ORDINANCES OF THE CITY OF CLERMONT, LAKE
COUNTY, FLORIDA: PROVIDING FOR THE AMENDMENT OF ORDINANCE NUMBER 195 BY
DELETING PARAGRAPH 5.1 OF ARTICLE V AND SUBSTITUTING IN ITS PLACE THE
FOLLOWING
THE CITY OF CLERMONT HEREBY ORDAINS THAT ORDINANCE NO. 195 OF THE COÐE
OF ORDINANCES OF THE CITY OF CLERHONT BE AMENDED BY DELETING THEREFROM
PARAGRAPH 5.1 OF ARTICLE V AND SUBSTITUTING THEREFORE, THE FOLLOWING,
ARTICLE V
RETIREMENT AND RETIREMENT BENEFITS
5.1 Normal Retirement: A General Employee (excludes Firemen and
Policemen) will normally retire on the first day of the month following
(or coinciding with) the attainment of the ages shown in the follow-
ing schedule:
Age at Entry Into the Plan
55 and under
56
57
58
59
60 to 65
Retirement Age
65
66
67
68
69
70
Firemen and Policemen will normally retire
of the month following (or coinciding with
the age shown in the following schedule:
on the first day
)the attaintment of
Age at Entry Into the Plan
50 and under
51
52
53
54
55 - 65
Retirement Age
60
61
62
63
64
65
In the event of such retirement the retiring employee shall be
entitled to and shall be paid an annuity payable monthly
beginning with the month of retirement and continuing until death.
The amount of the annuity to which a retiring employee is
entitled shall be ~eä~culated as follows:
For each year of credited service prior to the effective date
of the plan an employee will receive an annual pe~sion of l.l per
cent of the annual rate of earnings as of the effective date of
the plan up to $4,800.00, plus 2.2 per cent of his annual rate of
earnings as of the effective date of the plan in excess of $4,800.00.
For each year of credited service from the effective date of the
plan to December ~1, 1970 an employee will receive an annual
peasion equal to l.l per cent of his annual earnings up to $4,800.00
plus 2.2%of his annual earnings in excess of $4,800.00.
For each year of credited service starting with January 1, 1971
an employee will receive an annual pension of 1.1 per cent of his
annual earnings up to $6,600.00, plus 2.0 per cent of his annual
earnings in excess of $6,600.00
An employee will be given credit for his service to the City
"
--
.
.
CODE ORDINANCES
N~
68
No. 32-C
starting November 1, 1950 or his date of employment, whichever
is later, and ending with his date of retirement.
This ordinance shall become effective immediately upon becoming a
Law.
PASSED AND ADOPTED ON THE 14th day of November, 1967
.~~/fiwJ
resident of City Council of
The City of Clermont, ylorida
ATTEST:
Ci ty Clerk
RECEIVED AND APPROVED BY me this l4t~ ,day of November, 1967
CitY~~
CERTIFICATE OF POSTING
I hereby certify that a certified copy of the foregoing ordinance was posted
on the public municipal bulletin board for a period of not less than one (l)
week, as required under the charter of the City of Clermont, beginning
October 15, 1967.
Clerk, City of Clermont, Florida