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O-267-C . . CITY OF CLERMONT CODE ORDINANCE NO. 267-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 CLERMJNT, FLORIDA, PROVIDING FOR SEVERABILITY, PROVIDING FOR PUBLICATION, AND PROVIDING FOR AN EFFECTIVE DATE. THE CITY COUNCIL OF THE CITY OF CLERMONT, FLORIDA, 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 (a) shall be amended to read as follows: (a) Normal retirement dates. The normal retirement date for all general employees except the Fire Chief shall be the first day of the month coincident with or next following, the attainment of age sixty-five (65) and the completion of ten (10) years of creditable service. The normal retirement date for Policemen vested in the Clermont Pension Plan as of October 1, 1990, shall be the first day of the month coincident wi th or next following the attainment of age sixty (60) and the completion of ten (10) years of creditable service. The normal retirement date for Policemen not vested in the Clermont Pension Plan as of October 1, 1990, shall be the first day of the month coincident with or next following the attainment of age fifty-five (55) and the completion of ten (10) years of creditable service. The normal retirement date for Firemen, the Fire Chief, including a Fire Chief classified as a general employee, shall be the first day of the month coincident with or next following the attainment of age fifty-five (55) and the completion of ten (10) years of creditable service. Volunteer Firemen may also retire at age fifty-five (55) and the completion of ten (IO) years of creditable service, but shall receive at such date benefits attributable to service as a Volunteer Fireman only. Any benefits for such Volunteer Firemen attributable to service as a general employee shall be payable as specified for general employees. Subsection (d) shall be amended to read as follows: (d) Retirement prior to normal retirement date: (1) A general employee who has ten (10) years of · .. CITY OF CLERMONT CODE ORDINANCE No. 267-C Page -2- credited service and has attained his sixtieth birthday may make written application to the City Clerk for early retirement. On recommendation of the City Clerk and approval by Council, the employee may retire on the first day of any month following, or coinciding wi th, his sixtieth birthday. In such an event he shall be entitled to and shall be paid an annuity equal in amount to the annui ty computed on the basis of normal retirement, except that the amount so computed shall be reduced by five-twelfths of one percent of said amount for each month that early retirement precedes his sixty-fifth birthday. (2) A Policeman who is vested in the Clermont Pension Plan as of October 1, 1990, and who has ten (10) years of creditable service and has attained his fifty-fifth birthday may make written application to the Board of Trustees for early retirement. Upon approval by the Board of Trustees, the Policeman may retire on the first day of any month following, or coinciding wi th, his fifty-fifth birthday. In such an event, he shall be entitled to and shall be paid an annuity equal in amount to the annuity computed on the basis of normal retirement, except that the amount so computed shall be reduced by five-twelfths of one percent of said amount for each month that early retirement precedes his sixtieth birthday. A Policeman who is not vested in the Clermont Pension Plan as of October 1, 1990, and has ten (10) years of creditable service and has attained his fiftieth birthday may make written application to the Board of Trustees for early retirement. Upon approval by the Board of Trustees, the Policeman may retire on the first day of any month following, or coinciding with, his fiftieth birthday. In such an event, he shall be entitled to and shall be paid an annuity equal in amount to the annuity computed on the basis of normal retirement, except that the amount so computed shall be reduced by five-twelfths of one percent of said amount for each month that early retirem~nt precedes his fifty- fifth birthday. (3) A Fireman, Volunteer Fireman or Fire Chief classified as a general employee who has ten (10) years of creditable service and has attained his fiftieth birthday may make written application to the Board of Trustees for early retirement. Upon approval by the Board of Trustees, the Fireman may retire on the first day of any month following, or coinciding with, his fiftieth birthday. In such an event, he shall be entitled to and shall be paid an annuity equal in amount to the annuity computed on the basis of normal retirement, except that the amount so computed shall be reduced by five-twelfths of one percent of said amount for each month that early retirement precedes his fifty- fifth birthday. -. .. CITY OF CLERMONT CODE ORDINANCE No. 267-C Page -3- SECTION 2. Should any section or part of this section be declared invalid by any court of competent jurisdiction, such adjudications shall not apply or affect any other provision of this ordinance, except to the extent that the entire section or part of the section may be inseparable in meaning and effect from the section to which such holding shall apply. SECTION 3. This ordinance shall be published as provided by law and it shall become law and take effect immediately upon its second reading and final pas sage. First Reading this 25th day of September , 1990. Second Reading this 09th day of October , 1990. PASSED AND ORDAINED BY THE CITY COUNCIL OF THE CITY OF CLERMONT, LAKE COUNTY, FLORIDA, THIS 09th DAY OF October , 1990. CITY OF CLERMONT ?/ ROBERT A. POOL, MAYOR ATTEST: ~.t:~2 Clerk