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HomeMy WebLinkAboutO-1966-492 1 ORDINANCE NO. 492 AN ORDINANCE AMENDING ORDINANCE NO. 470 OF CITY OF DANIA, FLORIDA, WHICH WAS ADOPTED ON FINAL READING ON OC'TOBER 19, 1964 AND WHICH WAS LATER AMENDED BY ORDINANCE NO. 479, WHICH WAS ADOPTED ON FINAL READING ON APRIL 27 1965 BY ADDING A PARA- GRAPH, TO BE DESIGNATED PARAGRAPH 4. 5 OF ARTICLE IV AND BY SUBSTITUTING A NEW PARAGRAPH, TO BE NUMBERED PARAGRAPH 9. 2 OF ARTICLE IX AND BY DE- LETING THE EXISTING PARAGRAPH 9. 2 OF ARTICLE IX AND REPEALING ALL ORDINANCES AND PARTS OF OR- DINANCES IN CONFLICT HEREWITH AND PROVIDING THAT THIS ORDINANCE SHALL BE IN FORCE AND EFFECT IM- MEDIATELY UPON ITS FINAL PASSAGE AND ADOPTION. BE I'T ORDAINED BY THE CITY COMMISSION OF THE CITY OF DANIA, FLORIDA: Section 1. That Ordinance No. 470 of City of Dania, Florida, which was adopted on final reading on October 19, 1964, and subsequently amended by Ordinance No. - 479 which was adopted on final reading on April 27, 1965, be and the same is here- by amended by the addition of Paragraph 4. 5 of Article IV, which shall read as follows: Paragraph 4. 5 A former participant, whose employment has been terminated and who shall be re-employed by the city, shall be considered as a new employee and •.. shall again become eligible for participation on the anniversary date after he shall be continuously em- ployed by the city for a period of one year from the date of his re-employment and has otherwise met the eligibility requirement of the plan. The benefits for such former participant shall, however, be ad- justed to reflect any termination of employment benefit which such participant received or became entitled to by reason of any previous participation in the plan. Section 2. That Ordinance No. 470 of City of Dania, Florida, which was adopted on final reading on October 19, 1964 and subsequently amended by Ordinance No. 479 which was adopted on final reading on April 27, 1965, be and the same is here- by amended by the deletion of Paragraph 9. 2 of Article IX and the substitution of the { r 4 .I ON following Paragraph 9. 2: Paragraph 9 2 A participant may elect in lieu of the normal form of pension any optional form of pension payment available under the terms of the group life contract, provided, however, that no op- tional form shall be elected which will allow de- ferment of payment of the benefits until after the retired participant's death. a Section 3. That all other provisions of said Ordinance 470 shall remain in full force and effect. Section 4. That all ordinances or parts of ordinances in conflict herewith be and the same are hereby repealed to the extent of such conflict. i Section 5. That this ordinance shall be in force and effect immediately upon its final passage and adoption. By unanimous consent of all commissioners present, this ordinance has been introduced, read the first time, read by title only the second and third times, and passed on all three readings at the meeting of the City Commission held on April i 181 1966. 1 Mayor-Commissioner Attest: j �4h1 - �d7:•� LI /City Clerk-Auditor i i I i -2- > I 7 6 r� q: �I