HomeMy WebLinkAboutO-25-14 Retirement Board of TrusteesORDINANCE NO. 0-25-14
AN ORDINANCE OF THE CITY OF SEBASTIAN, FLORIDA PROVIDING FOR
THE ESTABLISHMENT AND CREATION OF THE BOARD OF TRUSTEES
FOR THE RETIREMENT PLAN AND TRUST FOR THE GENERAL
EMPLOYEES OF THE CITY OF SEBASTIAN; CREATING A NEW SECTION 2-
136 OF THE CITY OF SEBASTIAN, FLORIDA CODE OF ORDINANCES,
TITLED "RETIREMENT PLAN AND TRUST FOR THE GENERAL
EMPLOYEES OF THE CITY OF SEBASTIAN'S BOARD OF TRUSTEES";
PROVIDING FOR THE REPEAL OF ALL ORDINANCES OR PARTS OF
ORDINANCES IN CONFLICT HEREWITH; PROVIDING FOR
SEVERABILITY; PROVIDING FOR THE CODIFICATION OF THIS
ORDINANCE AND FOR INCORPORATION IN THE ADOPTION AGREEMENT
FOR THE RETIREMENT PLAN AND TRUST FOR THE GENERAL
EMPLOYEES OF THE CITY OF SEBASTIAN, ADMINISTERED BY THE
FLORIDA LEAGUE OF CITIES; PROVIDING FOR AN EFFECTIVE DATE.
BE IT ORDAINED by the Mayor and City Council of the City of Sebastian, Florida, that:
Section 1. A new Section 2-136 of the City of Sebastian, Florida Code of Ordinances,
titled the, "Retirement Plan and Trust for the General Employees of the City of Sebastian's
Board of Trustees" is proposed to be created as follows:
Section 2-136 RETIREMENT PLAN AND TRUST FOR THE GENERAL EMPLOYEES OF
THE CITY OF SEBASTIAN'S BOARD OF TRUSTEES.
(a) Creation; Purpose.
There is hereby created, pursuant to the Retirement Plan and Trust for the General
Employees of the City of Sebastian (hereinafter "Retirement Plan"), a Board of
Trustees (hereinafter "Board of Trustees"), for the Retirement Plan, which shall be
solely responsible for administering the Retirement Plan. The Board of Trustees
shall be a legal entity with, in addition to other powers and responsibilities outlined
in the Florida Municipal Pension Trust Fund Defined Benefit Plan Document, as
may be amended from time to time, the power to bring and defend lawsuits of every
kind, nature and description. The Sebastian City Council shall have the power to
amend said Retirement Plan at such time, or times as considered in the best interest
of the City of Sebastian and its general employees.
(b) Membership.
The Board of Trustees shall consist of five (5) members as follows: Three (3) of
whom, unless otherwise prohibited by law, must be legal residents of the City of
Sebastian and must be appointed by the Sebastian City Council, and two (2) of
whom must be general emplovees of the City of Sebastian and who are active
participants in the Retirement Plan, and who are elected by a majority_ of the general
emplovees who are active participants in the Retirement Plan.
(c) Board of Trustees' Terms.
1) Terms. Board of Trustees' member terms shall be for a period of three (3)
years. There shall otherwise be no term limits.
2) Installation of the Initial Board of Trustees:
The orieinal composition of the Board of Trustees will be for the following
initial terms: Two (2) Sebastian Citv Council appointed legal resident members
for a three (3) vear initial term: One (1) Sebastian Citv Council appointed legal
resident member for a (two) 2 vear initial term: One (1) elected active general
emrolovee participant in the Retirement Plan member. for a two (2) vear initial
term, and One (1) elected active general enmlovee participant in the Retirement
Plan member, for a three (3) year initial term.
3) Vacancies:
If a vacancv occurs in anv position of trustee, the vacancv shall be filled for the
unexpired tern in the same manner as the position of the trustee was previously
filled.
Section 2. CONFLICTS. This Ordinance hereby repeals all Ordinances in conflict herewith.
This Ordinance shall remain in full force and effect until supplemented, amended, repealed or otherwise
altered.
Section 3. SEVERABILITY. If any section, subsection, sentence, clause, phrase of this
Ordinance, or the particular application thereof shall be held invalid by any court, administrative agency,
or other body with appropriate jurisdiction, the remaining section, subsection, sentences, clauses, or
phrases under application shall not be affected thereby.
Section 4. CODIFICATION. Specific authority is hereby granted to codify and incorporate this
Ordinance in the existing Code of Ordinances of the City of Sebastian, Florida.
Section 5. PUBLICATION/NOTICE. This Ordinance shall be published as required by the
Code of the City of Sebastian and applicable provisions of Florida law.
Section 6. EFFECTIVE DATE. This Ordinance shall become effective upon its adoption.
PASSED ON FIRST READING, this 27day of Aucrust 2025.
PASSED AND ADOPTED ON SECOND READING, this 24 day of Septezter
2025.
ATTEST:
J�fi' nette Williams, MMC
City Clerk
CITY OF SEBASTIAN
Bob McPartlan, Mayor
=ockcroft,
y:
rty Attorney