1971-12-14 Regular Recessed 13 7
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O~-<DrNANCE
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P~E~TDi~[T ~m CTTY COm,~CTT
AN OF?'F)T~TA~T~? ..... :?>CA'PT~,T~}, , , A ~*T~TTCTPA/ DOT T,
...~.~,A',~) TN OR CA~RYTNa ON torTE BTTSTN~SS OF TI',ISIT[~T~TG '~PTT ~!qSPECT TO
CAS,TAI[.~v ~
"TS~S AN E?fCTSE O~ LTCF~TSE mA:f ~N ADDTTTaN TO ~IY TAX NO,,4
2AS~L~T.Tv TVS~T°ANCE POLZCEES Tt~SIn?ZN'~ P]~OPERTY WTTTFN ~E Wff~YCIPAL
Tqq'. A~ PAY~Br~',, A¢~ ¢*¢OVYDTMq .... A~4 EFFwCTTVE, . DAME.
RE. TT. OT~"k~J~~ ~ ., N~ '~ ~AY~'v AN~ m~rw, ~TmV,, C~TT~rCTT, , , ~ 'pm:,7. CITY. mp OKEECHOBEE~
PLO ~rDA:
!in-pr .... ~'~ ~ ad4~+~.~n 't~ ~p'~ ~,rni'--~ ~. license !..a" now !ez~ed b,, the C~-~-.~
of O~c,,eeh.>~ee~ '~h~eh :?~fi.r! ~ M~nn be in !he s~o~n*' oe .~ne pe~ c~m~- (]t<} oe
'~q!~- ~ 'h,? 'Jinx oe Okeechobee., Fl.orida.
SEC'PTnN 3. Tba+ tl~e Ti.nenr~: or q,',rci~? +.~:- ~?!n ]_e~.ed :-hall
AT?ES"!': T~ "en~ S ~
CTTY CT
A~] d'J!_e~r
n'°~TN~r]E NO.
o~ 'PWE CT~ OW n~EECHOBEE: FF,ORTDA, ~D CeEATTNq AN EMPT,O~E 'N}TIS~
opovT~TNq FOR YTS ADMYNS'N[ATYON: PROVTDTN3 FOR AP~O'[N~fENT OP mR~fSTEES
AND m~T~~ QUAT,TpTCATTmNS~ PRO~DTNr~ who Cn~uPRXBpmraN RY ~&emrOTP~eS A}~
FOR °~'P'r'I~PAN'PS BY CT'TY~ oRn~DT~Tr} poo ~T'p%~T~Tr~ r~J'PO. ...... n~T.~mDATp ~'~'pr-f ,.
;: ~TSTTq. ANCP CnT¢OANV: mPn~DTNm, EFFECTTVE DATE.
.... l:' -I I F' 'I 1 .....
139.~
, o ,:<po sit, breaking
r~ ~Tl~T Al~T~T~ 1NTF~
PROI/ZDZlI'G FOR ~ WZTHHOT,DING OF A SUM EQUAL TO FII/E PER CENT (~)
~ ,~ ~, ~,,~ ~ ~vv~ ~ ~m r~ OF THE SALARY OF EACH PARTICIPATING
MEMBER OF THE FIRE DEPARTMENT AND THE PAYMENT OF SAID FUNDS INTO THE
MUNICIPAL FIREMEN'S PENSION T~UST FUND CREATED PURSUANT TO ORDINANCE
NO. 350 OF THE CITY OF OKEECHOBEE, FLORIDA; PROVIDING FOR A TRUST AGREE-
MENT IN ADMINISTERING THE SYSTEM AND APPOINTMENT OF A BOARD OF TRUSTEES;
PROVIDING FOR ENTF~ING INTO A CONTRACT WITH AN INSURANCE COMPANY AND THAT
SUCH CONTRACT INITIALLY BE ~fITH NEW YORK LIFE INSURANCE COMPANY;
PROVIDING FOR THE PURCHASE OF ~HOLE LIFE INSURANCE BY THE CITY FOR
PARTICIPATING ~IR~4EN; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City of 0keechobee desires to establish a Municipal Firemen's
Retirement System; and
'WHEREAS, The City of 0keechobee has heretofore passed Ordinance No. 350
creating a Municipal Firemen's Pension Trust Fund pursuant to Chapter 175
Florida Statutes; and
WHEREAS, in addition to the two per cent (2%) excise or license tax
levied pursuant to said ordinance, Florida Statute 175.O91 provides for
additional funds to augment said Municipal Firemen's Pension Trust Fund; and
WHEREAS, the members of the City of Okeechobee Fire Department desire to
have withheld five per cent (~%) of the salary of each fireman for payment into
said Municipal Firemen' s Pension Trust Fund; now therefore
BE IT ORDAINED BY THE MAYOR AND THE CITY COUNCIL OF THE CITY OF 0KEECHOBEE,
FL ORIDA:
SECTION 1. A retirement system for all eligible firemen of the City of
Okeechobee, Florida, is hereby established to provide retirement allowances
and death benefits. It shall be self administered by the City of Okeechobee
and shall be known as the Municipal Firemen's Retirement System.
SECTION 2. All Firemen of the City of Okeechobee are eligible to become
included in the Municipal Firemen's Retirement System on January l, 1972,
provided they have attained age 21 but have not attained age 56 and have
completed at least six months of continuous service to the city. Firemen