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HomeMy WebLinkAboutO-12-021/10/12 ORDINANCE NO. 0-12-02 AN ORDINANCE AMENDING CHAPTER 58, ARTICLE III OF THE CODE OF ORDINANCES FOR THE CITY OF SEBASTIAN, INDIAN RIVER COUNTY, FLORIDA, ENTITLED `�POLICE OFFICERS' RETIREMENT SYSTEM"; IMPLEMENTING PROVISIONS OF THE 2011-2013 COLLECTIVE BARGAINING AGREEMENT BETWEEN THE CITY OF SEBASTIAN AND THE COASTAL FLORIDA POLICE BENEVOLENT ASSOCIATION; PROVIDING A DECREASE IN THE BENEFIT MULTIPLER FOR MEMBERS HIRED ON OR AFTER TI3E EFFECTIVE DATE; PROVIDING AN EFFECTIVE DATE; AND REPEALING ALL ORDINANCES INCONSISTENT HEREWITH. WHEREAS, the City of Sebastian recently entered into a collective baxgaining agreement with Coastal Florida Police Benevolent Association covering the period from October l, 2011 through September 30, 2013; and WHEREAS, the collective bargaining agreement provides for certain changes to the Police Officers' Retirement System; and WHEREAS, to implement the changes to the Police Officers' Retirement System it is necessary to amend the Police Officers' Retirement System ordinance; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SEBASTIAN, INDIAN RIVER COUNTY, FLORIDA, THAT: SECTION 1. The recitals and findings contained in the Preamble of this Ordinance are adopted by reference and incorporated as if fully set forth in this Section. SECTION 2. Section 58-46 of the "Code of Ordinances, City of Sebastian, Florida" pertaining to "Police Officers' Retirement System" is hereby amended to read as follows: OW59179-1 1/10/12 Sec. 5�-46. — Police officers' pension plan. The City of Sebastian shall maintain a local law pension plan for Citv police officers s�t-�e� ' in accordance with the provisions of F.S. ch. 185. The provisions of F.S. ch. 185 are adonted and incorporated herein by reference except as otherwise provided below e�.:'��°�* *^ u�;,, ���„ �....< <.� , et $r �(r (8) Notwithstanding the provisions of F.S. § 185.16(2) to the contrary: The amount of the monthly retirement income payable to a police officer hired who retires subsequent to May 31, 2002 and on or after his or her normal retirement date shall be an amount equal to the number of the police officer's years of credited service multiplied by 3.0 percent of his or her average final compensation. Notwithstandin� the preceding sentence for police officers hired on or after the effective date of this Ordinance the amount of the monthlv retirement income pavable to a police officer who retires on or after his or her nortnal retirement date shall be an amount equal to the number of the police o�cer's vears of credited service multiplied bv 2 0 percent of his or her avera�e final compensation. However, if current state contributions pursuant to this chapter are not adequate to fund the additional benefits to meet the minimum requirements in this chapter, only ineremental increases shall be required as state moneys are adequate to provide. Such increments shall be provided as state moneys become available. * * * SECTION 3. Ordinances in conflict herewith are hereby repealed to the extent of such conflict. SECTION 4. Should any section, sentence, clause, part or provision of this Ordinance be declared invalid or unenforceable by a court of competent jurisdiction, the same shall not affect the validity of this Ordinance as a whole, or any part thereof other than the part declared to be invalid. 00054179-1 2 Section 5. Effective Date. This ordinance shall take effect immediately upon adoption. The foregoing Ordinance was moved for adoption by Councilmember �oy . The motion was seconded by Councilmember Gillmor vote was as follows: Mayor Jim Hill Vice-Mayor pon Wright Councilmember Andrea B. Coy Councilmember Richard H. Gillmor Councilmember Bob McPartlan aye aye aye aye aye and, upon being put to a vote, the The Mayor thereupon declared this Ordinance duly passed and adopted this 11 th day of April , 2012. CITY OF SEBASTIAN, FLORIDA --- - Y� — - or Jim Hill ATT S : i',' � / � Y`� �—" Sally A. Mai , MMC City Clerk Approved as to Form and Legality for Relian e by the City of Sebastian only. ..1�� � obert A. Ginsburg, City Atto y Words stricken shall be deleted; words underlined constitute the proposed amendment; remaining provisions continue in effect.