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6826-01 . . . :: ORDINANCE NO. 6826-01 AN ORDINANCE OF THE CITY OF CLEARWATER, FLORIDA, AMENDING CHAPTER 2, ADMINISTRATION, ARTICLE V, EMPLOYEE BENEFITS, DIVISION 3, EMPLOYEES' PENSION PLAN, OF THE CODE OF ORDINANCES OF THE CITY OF CLEARWATER; AMENDING SECTION 2.397, BENEFITS UNDER THE PLAN; AMENDING SECTION 2.398, TIME AND MANNER OF BENEFIT PAYMENTS; PROVIDING FOR SEVERABILITY; REPEALING ALL ORDINANCES IN CONFLICT HEREWITH AND PROVIDING AN EFFECTIVE DATE. WHEREAS, Ordinance No. 6494-00 was adopted by the City Commission and approved by referendum of the electorate on March 14, 2000, which ordinance amended the City of Clearwater Employees' Pension Plan; and WHEREAS, a portion of Ordinance 6494-00, providing for a cost-of-living adjustment, was inadvertently omitted from the codification of this ordinance; and WHEREAS, Ordinance No. 6563-00 was adopted by the City Commission on June 15, 2000 to comply with Chapter 99-01, Laws of Florida, and certain technical corrections to the ordinance are necessary to clarify the compliance with the state legislation to limit certain changes to only police officer and firefighter participants; and WHEREAS, the City Commission desires to make the necessary corrections to the Employees' Pension Plan; now, therefore, BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF CLEARWATER, FLORIDA, THAT: Section 1. Chapter 2, Administration, Article V, Employee Benefits, Division 3, Employees' Pension Plan, of the Code of Ordinances of the City of Clearwater is hereby amended by amending Section 2.397, Benefits under the plan, to add subsection (f), Cost- of-living adjustment, as follows and to renumber subsections (f) and (g) as subsections (g) and (h), respectively: ill cost-of-livina adiustment. Commencinq on April 1, 2000, the monthly amount payable to all participants. beneficiaries and survivors who have received at least six monthly benefit payments as of each April 1. shall receive an annual cost-of-livina adiustment on each April eaual to one and one-half percent. Section 2. Chapter 2, Administration, Article V, Employee Benefits, Division 3, Employees' Pension Plan, of the Code of Ordinances of the City of Clearwater is hereby amended by amending Section 2.398, Time and manner of benefit payments, subsection (a)(1 )c.1. and subsection (b)(2)a.3., to read as follows: (a)(1) c. 1. The amount of the disability benefit to which a participant is entitled under paragraph (c) of section 2.397 shall commence as of the end of the month that next follows the later of (1) the month in which a determination is made as to the participant's disability or (2) the month in which the participant terminates employment, continuing as of the last day of each month thereafter during his lifetime and the lifetime of his beneficiary, Ordinance 6826-01 1 . . . ~ (b)(2) a. if anYi.:. With resoect to oolice officer and firefiahter particioants. 120 payments shall be guaranteed in any event; Monthly income payments for the life of the participant and, after his death, a survivor annuity payable for the life of the participant's designated beneficiary equal to 100 percent, 75 percent, 66 2/3 percent (for police officer and firefiqhter particioants only) or 50 percent of the amount payable to the participant. Police officer and firefighter participants shall be permitted to change his joint annuitant as provided for in 175.171,175.333,185.161 and 185.341. 3. Section 3. If any provision of this ordinance or any policy or order thereunder of the application of such provision to any person or circumstances shall be held invalid, the remainder of this ordinance and the application of such provision of this ordinance or of such policy or order to persons or circumstances other than those to which it is held invalid shall not be affected thereby. Section 4. All Ordinances or parts of Ordinances in conflict herewith be and the same are hereby repealed. Section 5. This ordinance shall become effective upon adoption except that Section 1 of this ordinance shall be effective retroactively to April 1, 2000 and Section 2 of this ordinance shall be effective retroactively to December 31, 1999. PASSED ON FIRST READING August 16, 2001 PASSED ON SECOND AND FINAL READING AND ADOPTED September 6, 2001 Approved as to form: Attest: ~nW:M cPJld!, Leslie K. Dougall-s~ Assistant City Attorney -"'~/.-. Ordinance 6826-01 2