0768 City and OUA Retirement SystemsORDINANCE NO. 768
AN ORDINANCE OF THE CITY OF OKEECHOBEE AMENDING
THE CITY OF OKEECHOBEE AND OKEECHOBEE UTILITY
AUTHORITY EMPLOYEES' RETIREMENT SYSTEM, ADOPTED
PURSUANT TO ORDINANCE NO. 714; PROVIDING FOR
CODIFICATION; REPEALING ALL ORDINANCES IN CONFLICT
HEREWITH AND PROVIDING AN EFFECTIVE DATE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF OKEECHOBEE,
FLORIDA:
SECTION 1: That the City of Okeechobee and Okeechobee Utility Authority Employees
Retirement System, adopted pursuant to Ordinance No. 714, is hereby amended by amending
Section 2, Membership, to read as follows:
SECTION 2. MEMBERSHIP.
1. Conditions of Eligibility.
All General Employees as of the Effective Date, and all future new General
Employees, shall become Members of this System as a condition of employment.
Notwithstanding the previous paragraph, the current City Administrator and
any future City Administrator or Administrative Assistant and the current or future
Executive Director of the Okeechobee Utility Authority may, in the event he has
elected to participate in another pension program, within the first sixty (60) days
of his employment as City Administrator or Administrative Assistant or Executive
Director, notify the Board and the City of Okeechobee (with respect to the City
Administrator or Administrative Assistant) or the Okeechobee Utility Authority (with
respect to the Executive Director), in writing, of his election to not be a Member
of the System. In the event of any such election, he shall be barred from future
membership in the System.
Notwithstanding anv provision herein to the contrary, the current City.
Administrator as of April 1, 2001 may, in the event he has elected to participate
in another pension program on or before June 1, 2001. notify the Board and the
City of Okeechobee, in writing, of his election to opt out of the System. In the
event of such election. the Board shall refund the Accumulated Contributions to
the City Administrator and he shall be barred from future membership in the
System.
2. Designation of Beneficiary.
Each General Employee shall complete a form prescribed by the Board
designating a Beneficiary or Beneficiaries.
SECTION 2: All Ordinances or parts of Ordinances in conflict herewith be and the same
are hereby repealed.
SECTION 3: That this Ordinance shall become effective upon adoption.
Introduced on first reading and set for public hearing this 3 day of April, 2001.
ATTEST:
Bonnie S. Thomas, CMC, City Clerk
Passed on second reading after public hearing this day of April, 2001.
1" y es E. Kirk, Mayor
Bonru'S. Thomas, CMC, City Clerk
APPROVED FOR LEGAL SUFFICIENCY:
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John R. CdoR City Attom'eyr
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es E. Kirk, Mayor