O-342-CCITY OF CLERMONT
• ORDINANCE
N0.342-C
Page 1
AN ORDINANCE UNDER THE CODE OF ORDINACES OF
THE CITY OF CLERMONT, LAKE COUNTY FLORIDA,
AMENDING ORDINANCE 195, AS AMENDED AND
INCORPORATED IN CHAPTER 46 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 46, Article II, Section 46-102 is hereby amended to read:
• (a) A member retiring under this article on or after his normal retirement date
shall elect to have his benefits payable under any of the options outlined in section
46-107.
(b) The monthly normal retirement benefit for general employees shall be
equal to two percent of average monthly earnings, times years of creditable
service. In no event, however, will a monthly benefit be less than $2.00 times
years of creditable service.
(c) Effective October 1, 2004, all retirees who retired prior to September 30,
2004, shall receive an increase in their monthly retirement benefit amount in the
amount of $2.00 per year of creditable service.
•
CITY OF CLERMONT
ORDINANCE
N0.342-C
Page 2
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All Ordinances or parts of Ordinances in conflict herewith are hereby repealed.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.
n
U
SECTION 4.
This Ordinance shall be published as provided by law and shall become law and
shall take effect on October 1, 2004.
First Reading this 28th day of September 2004.
Second Reading this 12th day of October, 2004.
PASSED AND ORDAINED BY TIIE CITY COUNCIL OF THE CITY OF
•
CLERMONT, LAKE COUNTY, FLORIDA, THIS 12TH DAY OF OCTOBER,
2004.
rold S. Turville, Jr., Ma r
At est:
Tracy ~ kroyd, City lerk
!. .