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909
„Y?i!!Ti?nltkuit''!'?.':" RAN ' i fwd. ?.c}?., ;7< cT. lf yy/»;"'a,.., rs' ?}' s }?c?M?';'?Hakt •r,'t` E??,.. ? ! art "tr s}+M4'r: :s !71' '+''' .;?+t?r• _a? «, ry?`g..y-.. S+. ;in.. ,s: ;,.:.. r. ':.7: d e ?.#. •r.,," ,e??'i `•!:-;i sp r"'r': ,{, ??i? r? i'!' '; f. \• •? <?1:'' var. f '.?'S: l.cr'.1? .1L •Y •S'bi•-?r l'l ) "E.i f:F r ,. s .?J?•'. 1: '.,.. t.. .2:dr.. `_°, ''?,.r?f`F ,e.: <:..??vv, ••?.t .,• tt?i „?'• `;t• ! y:r'n J. s cfi?'?,'ti ?..?Y??,1,•,t ;v tEifc '?Y k{4. ?.W s?.,,.t?. ?.,:a. ;.?, ', Tale-t', e°? °s'3dt' !F ?'L4:• ;j?`. 1 s r,'A S:°f L^ } t 6 , Y i .i nF' :- ' N ?`. ?.,'i +?^i,?r'A:11r• fit"'t<; hk .,?ti?.,.{? ?.?id?. 7 ??,a. sl. ;z'??.4"'l??f"-•??.i4 ?,?`?rx?? 4y " r`tv?7'? c a ,t #t [.°#W lr4w? * 4 -". r+t tf s i f`.4"'y r5 " lki'i t a,7 r. u X• y? t r'tk47 ?. S s : , .+ na S?1 T {ay ^k?.k1?,,5 ' Asir x's3 w }}a f.F?, y , ?( i} i<; fj<.i tF fg w.}? A?`?''.' NY - f'..,'K t. ?• t s, ?:3 ' #f 1 w> ?.a.,; tY r rt(( .}? v . ay,"Ss.• y> u• ,,tip. ?, ', 1 .)= f.{ .y Y s4' . ! 7'Y 3.1 '! `• = r.,' 11-`'4` hhS? fi h4. : F u' • y'S !? u?, M .t?.. '=ex::;}?,?'1. 1'?7 ii ,,?'.t.?7?s,;..,?xa.,.rl';':i h??"1h,?`i] ???i.r'•,"??e???.? ?.(.'`? i7?G?''- .t.. .1; t,, q fi rs[ i 7,.f,.f {1 . ?y,• ' 1=. , x., o °,}Y. e. f'a',: .i`+'... ?,i:t°•r. . . i';A,c?'Z.;;?+. Z i4 'r ?. ?'?&A `a.i' .5.:.;•_ti,$lr".? 1,... ?:` ?; ? ,?" :.s, ,+- ,,;,•:c^. s"Y ?•,.''s .? = ?3 ^.(, ?f• ? y?e, :?,?; ?!9 "'!:• r S ;h'.. ' n•?y k' 1•'•.r.; .'.' -y ,ft W??r'r 'e 51s.,*.^Si? 5 5?f'fi?rl'=? ?.,a71r?F ?37S .'':p?M?,: F:',??:.?•::t"'jtii='v,L,-n~,?,I?.«r:.7'??.±1.:_?r:.li r'i-;f3'?-b ??t'? l?i?s.•l,j?'?t?rvf'y,2y'+,c47.`J EY'.!i,7i•"4• •sf' n,? h ORDINANCE NO 909 ?lv?ii7?=i Y' "N.? " s>Fxyy`j4}``" AN ORDINANCE PROVIDING FOR THE ESTABLISHMENT OF A SUPPLE- ,?,fi,?j?.?.b? "v.. MENTARY PENSION AND RETIREMENT PLAN FOR POLICE OFFICERS OF THE CITY OF CLEARWATER FLORIDA TO BE KNOWN AS THE SUPPLEMENTARY RETIREMENT PLAN FOR POLICE OFFICERS OF ; • :. ', • -: "'=t CLEARWATER FLORIDA " DEFINING TERMS; CRWING A BOARD t •,:?.1,,.. OF TRUSTEEb FOR THE ADMINISTRATION AND OPERATION OF SAID PENSION AND RETIREMENT PLAN AND DESCRIBING ITS POWERS; ?,i .. CREATION AND MAINTENANCE. OF SAID RETIREMENT FUND; PRO- ` VIDING FOR THE KEEPING OF RECORDS OF ALL ACCOUNTS, RECEIPTS DISBURSEMENTS, DEPOSITS AND OFFICIAL ACTIONS ,4;': ,,M ;..,,.;• OF 'THE BARD; PROVIDING FOR RETIREMENT AND DISABILITY :;,' ,.; ,:' . .:.;.• :.• ';.. PENSIONS FOR POLICE OFFICERS, PROVIDING FOR DEATH BENEFITS; PROVIDING FOR WITHDRAWAL BENEFITS PRIOR TO i._;', :._ :'?::r'.; :•::', :.: RETIREMENT PROVIDING FOR DISTRIBUTION OF FUND ASSET S;• UPON TERMINATION OF SAID PLAN; PROVIDING FOR PERIODIC ACTUARIAL REVIEW OF THE FUND,' PROVIDING FOR THE EFFECTIVE 4 ..tip, .-Y-a,.•`+i L•'r?7i1•. DATE OF THIS ORDINANCE;:. ifsr r:,i',1 a s`'I .'e?rlr• a•M'i '?'ir 't` - t ?: t• BE IT ORDAINED BY THE CITY OF CLEARWATER, FLORIDA: ?r& , sx:: SECTION 1. DEFINITIONS. The following words and phrases as used herein s?•iall-Tave e o awing meanings, unless a different meaning is •" 75', •,?', plainly required by the context. a. POLICE OFFICER means any duly appointedI enrolledl classified and. certified policeman in- the regular full-time employment of the City of Clearwater, Florida who elects to participate in said , supplementary retirement plan. rt'?3j b. BASIC MONTLY SALARY means the monthly cash compensation, including longevity allowances, paid to a police officer by the City of r.d w? 1 x' ??'''•`?{>?` Clearwater for services rendered gxi a Ik ?Sl` c. CREDITED SERVICE means that period of continuous uninterrupted employment with the city as a Police Officer from the date of his"-a,= employment to the date of termination of service or his normal Tft . L. , ,retirement date or actual retirement date, whichever occurs earlier, `+ as hereinafter described Timespent in com ulsor military ser- vice of the United States by the Police Officer will be creited b_ s the service of the city as ???:?a?`?`}>},?.z`,d?F ?• ? -??:'. , provided the Police Officer re-enter a Police Officer within twelve (12) months after date of release tr.: from such military service. •;??;.?y?>.??.;r.?•??" ?`'"'" d. SUPPLEMENTARY POLICE OFFICERS RETIREMENT FUND herein called the •?;.;7.? .. ?..?? ?? Fund shall mean a special fund created exclusively for the r'f purposes provided herein. e. NORMAL RETIREMENT DATE is defined as age 65 for all participants age 55 or younger at date of entry in the Plan, or, at the end of t'x ?. ten years in the Plan for those age 56 or older at date of entry in the Plan., SECTION 2. BOARD OF TRUSTEES : MEMBERS : TERMS OF OFFICE. There is here y created a BOMa OF EES e e Supplementary Police Officers' Retirement Fund. The Board of Trustees shall consist of the Mayor-Commissioner and the Chief of Police of the City of Clearwater, .0 A Florida, two (2) regularly employed Police Officers of the City of Clearwater, Florida, to be chosen by the legislative body of the City`.' of Clearwater, Florida, upon the recommendation of a majority of the regularly employed Police Officers of the City-of Clearwater, Florida; and one (1) resident of the City of Clearwater, Florida, to be appointed by the legislative body of the City of'Clearwater Florida, upon the `A recommendation of the other four (4) members of tie Board of Trustees. s ... The Mayor-Commissioner and the Chief of Police shall serve as long as :Urd ' 909 10-26-61 SS .e`s. e:. s- ;;f3' s....,". •??""w'.. ... 6°' .. ^awY•... *?.•'!. ..•., ••-s:y.p.r...-.. 1 `411 V',r4 eF .1' I?.L.rl: "1cif .l,"• - ?` • 1 . ?'? iti 1. •': yr: "4.45% ..h.'2 f° '!'' .(r. 1 • s 'y 1I1+!;',Y "'? k`,^' ,1",Y*`+4?.`-1{!"4'""Si InYt•n'r•+?+` ± ?u..a _-_.T__-._"?'?'7, _'?" F ?.._...?._...:1._._.._........._.......?.e...._?_.._..-? _.-_?.._.... ?__. _..._?____._ " _?_.__....... .... r_. ?r a ¦ 1F.: ¦; La'^Ct, ?v"' \? ";"Y•?rFll;A^.s'14.. i ?:-"` ?'_?-• 'S?'s".•,1?.',. ??,??'*?Tl.;a' >?T"'T' 'iR?`.'.. k b• i '?. '.?'t - :.'- ''• `i. ,; .f..:, ?.? 1, ,- .. :'r, f +l` lf. s.{??' I •'. k•,c r' ?,?? .=isr+ .?•??'??'>,3;;Fy.?.i?.4.at. `''y,: :''' aS??-?•?} •€P ??.*? L'??5"'S?:.4 f S•,. 2 u ' 7f'• {' "f :•irr `i' a4?? .`i? f ' ^, ,t•Y . ??' s+i v. ?? ?' ?, ?y?6' Fy+`jGC?s.:f'S•• ???Y?"y . ; L'? • i ?• ? ? w u f r '4fL'?. ?• +x, `??i +rarT•r ?.5?' Fri: ??,e w^i.'? r.4'+r , '.. ??tF4?'a.?i{?t ?Ir.. r 3?q' +`-??" ?!??'?'' ,? r i ? .? ? ° ?* r ? ?:' ?'- ?a? ""r g''',ry:: 'r `r.tl, ??°J,'? "?a 1`?• t?`',?• • ?'r?„i+.-a:,if' -; ,-',? ?,El#R` t. ? ?.'?}Vt,. ? 51, ? - ti ( t? i'"?,1.',s 1`? •Y.^ .:.. is ?,•', ?`Z `'` Dt•?' r•' ? +k?„ i y, s .??,.,y,.-.. r •'. w t• K:... 'xa? fy a , p-1,";.[,', ci: •.'4: ^'Y:., i'S, }"'t..iu ?'i: r O Y' ? -i+.?ryS?''+?`vl,..:y- .1. f"? r?:•1.nKd; ..'?'.'al.; rtuglar '?.++4kr_ '.?1-?a'.•?4 yFs? r:y-?;..+?++:.?.i.::?:r?.jr..w :,i-; maw.r``..:•`.+.i.??a:.?u.:,s'.i'm.cri.1.?'.'3?r;1•S'.s??(N .-t+? .?°.?SF.. r. k` P %l R?;??i;??•?,'??'-.tip+;;d?.Rs •.?y..?]Mj:, • ?': •°F •; 4TH -',c,. they continuo to hold office as Mayor-Commissioner and Chief' of Police, rospectivolnd upon a vacancy in the office of Mayor-Commissioner or y y tre China' of Polico, thoir-respective successors shall succeed to the posi- tions of Trustees. Each Police Officer monber of the Board of Trustees shall aorve for al period of two (2) years, unless he sooner leaves the employment of tho City of Clearwater as a Police Officer, whereupon the legislative body of the City of Clearwater Florida, upon a recommendation of a majority of thu regularly employed Poiice Officers thereof, shall choose his successes. The resident member shall serve for a period of two (2) years. The two (2) Police Officers and the resident member may suecood thomsulvoo in office and shall continue to serve until their succonuors are duly appointed and qualified. The Mayor-Cormissioner shall be the Chairman of the Board of Trustees. The Board Members shall cloct, any one (1) of its members as Secretary of the Board. The Secretary shall keep a complete minute book of the proceedings of the Board. The Trustees shall not receive any compensation as such. r.':?i•.a-?,4'.u',:'?°,sF.I.??..G+9;.,°Lvl?%tl?ltt::..' SECTION 3. POWERS OF BOARD_ OF TRUST?ES4 The Board of Trustees may: a. Invest and reinvest the assets of the retirement fund in arinuit "F'''' y r4 . ; and life insurance contracts of life insurance companies in amounts sufficient to provide in whole or in part, the benefits to which "Al all of the participan{s in the Supplementary Police Officers' Retirement Fund shall be entitled under the provisions herein stated, and pay the initial and subsequent premiums thereon. 3 t'), b. Invest and reinvest the assets of the Supplementary Police Officers' Retirement Fund in: (1) Time or savings accounts of a National Bank, a State Bank insured by the Federal Deposit Insurance Corporation, or a Savings and Loan Association insured by the Federal ' Savings and Loan Insurance Corporation. 4+ (2) Obligations of the United States or in obligations guaran- teed as to principal and interest by the United States. {.1 (3) County Bonds containing a pledge of the full faith and credit of the county or district involved, provided that1 such bonds are approved by the State Board of Administra- tion as to legal and fiscal sufficiency; bonds of the y Florida Development Commission, or any other State Agency, which have been approved as to legal and fiscal sufficiency by the State Board of Administration. (4) Obligations of any Municipal authority issued pursuant to the laws of this State, provided, however, that for :.- .h each of the five (5) years next preceding the date of investment the income: of such authority available for fixed charges shall have been not less than one and one- 1401 half (1-J) times its average annual fixed charges requirement over the life of its obligations. iM'R c. Issue drafts upon the Supplementary Police Officers/ Retirement Fund pursuant to the rules and regulations prescribed by the Board of Trustees. All such drafts shall be consecutively numbered and ?? sr,; be signed by the Chairman and the Secretary and shall state upon their face the purposes for which the drafts were drawn. The City l.r Treasurer or other Depository shall retain such drafts when paid, ; as permanent vouchers for disbursements made, and no money shall otherwise be drawn from the Fund. d, Any and all acts and decisions shall be by at least three (3). members of the Board of Trustees; however, no-Trustee shall take .,, part in any action in connection with his own participation in the Fund, and no,lunfair discrimination shall be shown -to any individual participating in the Fund. _ e. Finally decide all claims to relief under the Board's rules and regulations. Ord. 909 -2- 10-26-61 ?'.'} ,T {3?•?'T;?,Y"Er?xtr'd .^? 3?. i . -'s. i' ! r??'> _ • ?? • ''w?' .. ' ' , rS[1l?el[:t •I fi,Y,,.w i;'?w.",rail i F ?, 71 °f ? !? . deal; .,? ?'.' -• } ?}:eij. ,•,,..1.•?l; .??ik.Y ? .R{°' Ya'•:1,. 7?e• f°" °y 't •.?Y ?i? r i; [ .yw?• .k?? ?????? ^f)p? i:`' i Y ? ".tom i+e'a?i. {r' S •-'l. 1 w w ? 4 . Y x S ',j?q.??r'???,.??rry fYr '?q??!'`<.'$?R?, Y 4' [i•' A} y? Ir iCl? £,. ?'',*??,? i t ' L•j' L rl•?"'.'i Jiz?, .Sh A . ',I?? ?? 'd?2tK,sk?f??*.•?:'' •? l ?f:+. «a? ' y?eY i1r, ?`? •t 1 l[ . ??; ii!•?c?t.Sc'?:'S ^ 4?'e?j?:i?.•i?e.t3?7y?:?;'??t?{r ?yY€y54.33j}3t-?'J f? iF?!??.4 ???i <[°?.. •??;+ •'k; t' ,ate ? ••? • " ? ? ?;y aN it'it"? ? e t d ' 1 f into cash an securities of the Fund. IFS FS. 7.i'i_5.:; ••,. g. Keep a complete record of all receipts and disbursements and of the Board's acts and proceedings. ,`rrr h. The general administration of, and the responsibilities for, the f proper operation of the Supplementary Police Officers' Retironont Fund are vested in the Board of Trusteed. The Board of Trustees may ^;. adopt rules of procedure not in conflict with provisions of this Ordinance for the administration of its duties in the exorcise of its powers heroin. The Board of Trustees shall keep in' convenient form such data as shall be nedessary for an actuarial valuation of • the retirement fund and for checking the actual experience of tho ; Fund. I SECTION 4. CREATION AND MAINTENANCE OF SUPPLEMENTARY POLICE }1: _ +. ` ;•: S``' 'i; ; OFFIC K 1 RE E ' MU ND. The -Supplementary o ce cers etiremeet ? ;1':?,?? •' °'; t r 3'x..; ?';s4; , o the City a Clearwater' Florida, shah, be created and maintained ?•i?st{:' Pi??"}???: ?! r Yr52:if=H 15f'Ir ?*wiG _?NA?.rM1 rs•.::: r?. :?.ri+I?,, ::' .t31`•l' + ah? i:.. i••'ri. °S :'ev 1 i the following r?ann©r• , 1???r?,••:?r?. ?. •it .? :a;' ;['' at"e`g1u'; :ors ??1i• °?'!'r'!!•[•' =4`?? '"sk?•kz"'i :ryl,l'i'i}i. 1 • ,? ,,? ?}??,?, a. By the net proceeds of the one (1) percent- excise or license tax ar 4^ which is inposed by the City of Clearwater, Florida, upon certain casualty insurance companies on their gross receipts of premiums ?' . r.,??4 ,+ . >,'- •.?.' from holders of policies, which policies cover property within the corporate limits of the City of Clearwater, Florida. b. By one (1) percent of the salary of each Police Officer partici-, Wty pati.ng in said Supplementary Retirement Fund. Said contributions shall be deducted by the Municipality and paid over to the Board of Trustees of the Supplementary Retirement Fund, provided that no deductions shall be made after an Officer has passed his normal. E fv; retirement date. c. By all gifts, bequests, and devises when donated to the Fund. s.. x " d. By all accretions to the Fund by way of interest on bank deposits c ••` or otherwise. a?; tJ e. By all other sources of income now or hereafter authorized by law 1 =?`•qt" for the augmentation of the Supplementary Police Officers' Retirement Fund.; SECTION 5. KEEPING OF RECORDS ACCOUNTS DISBURSEMENTS DEPOSITS, ; CONTR.: AC a. The Board of Trustees shall keep-and maintain a full and complete ;Y 3; .. permanent record of all accounts, receipts, disbursements, deposits t and all other official actions of the Board. These records shall 1 , be available to all members participating in the Fund. ? ?`?'? :'? ?` +°'r'•,? . ' '; b. k SAME: NON--PARTICIPANTS: Any person who enters the employment of *?" the City of Clearwater, Florida) as a• full-time Police Officer) ,w 1 •: + m ' k a? t I after the effective date of this Plan, September 17, 1959; and Y •3rY ? c> •.Y who does not desire to accept the provisions-of this Plan, shall, within thirteen (13) months after employment, • notify the Chief of Police and the Board of Trustees of said Fund, in writing, to . that effect. Thenceforward all Police Officers who have given such Y. notice shall be barred from participating in said Supplementary ` Police Officers' Retirement Fund. K .' SECTION 6. RETIREMENT: NORMAL AND DISABILITY- RE-EMPLOYMENT BY - THE MY. der ? ?? a. NORMAL RETIREMENT: The normal retirement date is defined as age 65 for all participants age 55 or younger at date of entry in the . Plan, or, at the end of ten (10) years in the Plan for those age '.; 56 or older at date of entry in the Plan. A Police Officer who retires after his normal retirement date will upon his actual. ; retirement be entitled to receive the same amount of monthly retirement income he would have received had he retired on his . normal retirement date, Ord. 90 9 _3. 10-26-61, ? j. ?•? U t.i' :t..{ ?1. 5i.' ?' a -..Y' I .s - .i Vii. .. 'f'•. <: ' ' - i ° v ! ,N., . .. .._ . 3?! • .i1 i?'2: l:r nc TV. fs{y i-• !•'*?F ?: 1)'"3e, ry.Z•;,%,1. :+r .. ,.. _ r, _;?,`!r..r y ' .,f;r;{: t• _ ?,' . ef l .. ' :` ' ... • 5 M1r f4 ? 1. .5 : ilr.. 5: i tt 7 I , 7.; . .t NS hy 1. .,,.Y`w•y?M -.Y ' a., s _ ,, 4 . A r 40] 401 4=0 I I •• ?. • VV9 ?•li't trx '} r'`j. V 1 n F (1) The amount of monthly retirement income payable to a Police Officer who retires on or after his normal retirement date ehall be based on a formula that takes into account three a major factors: Y E , i P (a) Years of credited service from eligibility to normal retirement date. (b) Basic monthly salary. (c) The amount of money assumed to be available annually as determined by the Board of Trustees of the Plan. It will be necessary to evaluate the Plan at least once each-five years to-determine whether benefits should be revised upward, downward, or remain level. For the present, the formula evolved follows: .370 of monthly salary per year of past service (prior to September 17, 1959, the effective date of this pension plan) plus .6% of monthly salary per year of future service (from date of entry to normal retirement date,) (2) The monthly retirement income payable in the event of normal retirement will be payable on the first day of each month. The first payment will be made on the Police Officer's normal retirement date or on the first day of the month coincident with or next following his actual retirement, if later, and the last payment will be the payment due next following the Police Officer's death, except that, in the event the Police Officer dies after his retirement but before he has received retire- ment benefits for a period of ten (10) years, the same monthly benefit will be paid to the beneficiary (or beneficiaries) as designated by the Police Officer, for the balance of such ten (10) year period or if no beneficiary is designated by the Police Officer, to the surviving spouse, dependents, heirs at law, or estate of the Police Officer. Should a participant retire and not-live to collect the mini- mum guaranteed 120 monthly payments, his designated beneficiary, or beneficiaries, or his estate, upon the filing of a written election, will, be paid a lump sum amount equal to the actual value of the number of payments less than 120 that have not been paid as of the date of death of the participant. b,, EARLY RETIREMENT: A Police Officer may retire prior to attaining age 65 in accordance with the provisions of Chapter 185 of the Florida Statutes. Appropriate discount percentages are provided in the Master Insurance Contracts to reduce the amount of retire- ment income available at retirement ages younger than 65. c. DISABILITY RETIREMENT: Any Police Officer of the City of Clearwater, Florida, who is participating in the Supplementary-Police Officers' Retirement Fund of the City of Clearwater, Florida, and is eligible for benefits thereunder, may retire from the service of the City of Clearwater, Florida, under a disability retirement in accordance with the findings and determinations of the Board of Trustees of the Fund and the provisions of Chapter 185, Florida Statutes. d. RE-EMPLOYMENT BY THE CITY AS A POLICEMAN: If a Police Officer recovers from disability and re-enters the service of the City as a Policeman, his service will be deemed to have been continuous, but the period beginning with the first month for which he re- ceived a disability retirement income payment and ending with the date he re-entered the service of the City will not be considered as credited service. Ord. 909 dR?l?}.f4?..< _ {ar•. ?F'i?;+:a, i7:.?.f,??t, •; ';? ` :.? : '?. • .. ? ? Mid,; ??l 'S<}.: ? •? .??;o. ` ,' ' r,?.'•`F'y?i ,r< •.x .? ..s •t, /' _ fir. ?..x-ro••:r.•r• .w r .,f. `-y^.i --- r - - - '-- c?4L7 16-26-61 ' xt SI.'` '.4.•. Y. }??Y. s.:'?FilaC4f:i ?1Fl+l IR t`• rM I Iq 1 1 ii ¦ O • a ?;i>•1.F-.??!-S,k+.1?s1°'".'"s`1^h7i94S'is•.?^ Too. ?,. a r9a+Ac .?;e.•r?.,n?,?,z y,+F pL.. ,?,?.??,wr?r e,P^;'.''•?fl?i?t? i.'i?:?:'°,a?Ait'.F r?t..?. 4. ,?1?,??,??1 •?• ?gi.} w r s ? ?, r .5 p?r $ ?. .?4 a'• y, ,A'.; t,: •:.:.r, ? a r,., x• •FO. ?},: r 1. s ?„ a t:. ? r 4 A i S. Z•` f>•^?;•!:?. ? 3M1 '?;;4 2v+ a t u'.n?r tt+::i:..".s'....c•i?yY F?je ti'r,,,>.. :;?1_ • d.°" ???' ? °•a r .A .?s,;?• r?-."-rF,. 'rv fr,. ;.:•.'i ':5 Is.'• ?.. ,?T` al?'S"r ? 'e 4, ?{7?4 F?E?? i 'A YiY. ?.? ,?, ''C+ •7f .?.'_.: ...'.".. i.:?.!y.• yr.,'.'.: ?;i?od.., "?c a'T?,fr .?7,2`q.. ?'f ?`+j. ,`sE_ y, I /aQ, ? {.- ? w?'rCi.dk.r?,,:::t?:P? Y.V S si .::?`.i.-".w?.?1'!.. . S_._ _ ,°t.4.?f+++L.3+,7? r?:.r C 1 '?E ?`? f yx"? lY. e ? ? 1 i ? , P,•• .. SECTION 7. DEATH BENEFITS: Should any participating Police Officer ,. of the IfFy o Clearwater is Before reaching his actual retirement date, ".`'. t::s there shall be payable to the employee's designated beneficiary, or beneficiaries, or his estate, a sum equal to one hundred (100) times the prospective monthly pension anticipated as of the date of death. SECTION 8. WITHDRAWAL BENEFITS: A participant who terminates his employmeor o re remen will-be entitled to the following f? ;sir termination benefits: # s t.t?. 1f a. Less than ten years in the Plan - His own contributions will be returned to him or the cash value of his life insurance which- ?'"''° AnY excess funds emerging from such terminations ever is less. ( ? 4 i. ?+ ;:.?s3 would revert to the Fund and would serve to reduce future costs of Rx the Plan.) F??rg I,r? •'ENt:1?"?.:KZ"r.t..}t •iT.3 '1!'411 s ?J.1. f b. A participant who terminates his employment after completing ten'- R:°r'" or more years of service under the Plan shall be entitled to 1004 ', taw y±_?:e? ' of the cash value of life insurance in force on his life which ?_- shall be used to purchase a reduced, paid up retirement annuity, f?A i••4`c;=?rw,.1.: 4Y"A i,?'r'r i4{7#+%,1i- r.r }'t }at r?? S?y?;,ka`?;?4.rer '`i'•?i ?.''• SECTION 9. TERMINATION OF PLAN: Upon termination of the Plain for ?.t-'? `0;;. any reason, a Fun shall be apportioned and distributed in accordance with the hereinafter set forth procedure. The Board of Trustees shall determine the date of distribution and the asset value to be distributed upon the termination of the Plan. t, a. Apportionment shall first be made in respect of each retired Police °; Officer receiving a retirement income, and each beneficiary (or f beneficiaries) receiving a retirement income on such date on s account of a retired (but since deceased) police officer, and each ?.F,? k, ?`,•?g Police Officer who has by such date become eligible for normal 5? retirement but has not yet retired, provided that, if such asset ,,,';'_;;?. value be less than the aggregate of such amounts such amounts shall be proportionately reduced so that the aggregate of such reduced amounts will be equal to such asset value. ?;? b. If there be any asset value after the apportionments under a. ?'- ;i.. !{M; above, apportionment shall be made in respect of each Police •_:'?'Officer on such date who is not entitled to apportionment under s ;4, a. in the single-sum actuarial equivalent of the accrued normal retirement income to such date, provided that, if such remaining', .,• ° asset value be less than the aggregate of the amounts apportioned ?; .a ' =" hereunder such latter amounts shall be proportionately reduced so `_,f y a that the aggregate of such reduced amounts will be equal to such ..-Xl?? _ remaining asset value. ;y+T>? c. In the event that there be asset value remaining after the full apportionment specified in a. and b. above such excess will be returned to the State Treasurer of Florida. ?t. SECTION 10. INCREASES OR DECREASES IN RETIREMENT INCOME BENEFITS. a. The Trustees shall review the Supplementary Police Officers' Retirement Fund from time to time with competent actuarial assis- tance and shall determine if the Supplementary Police Officers' Retirement Fund is sufficient to provide the benefits as stated herein. b. The right is reserved by the Trustees to conform the benefits to the Fund in order that the Plan shall be operated on a sound financial basis. SECTION 11. This Ordinance shall provide additional and supple- ments pensions and retirement and disability benefits for Police officers of 'the City of Clearwater as defined above and shall not supersede or modify the existing pension disability or retirement system of the City-of Clearwater as provided by the Charter of the City of Clearwater, the laws of the State of Florida or existing ordinances of the City of Clearwater, Florida. Ord 909 10-26-61 . oil ... , yr , .. 'b r. r z :` r'? . ."'T. ? . • ,. ` . •u. '+%,:.. •-"??na, .,'!Ti;'. `i ..:'?; ?, ???r' t'tf'.:: ?. A ; ,i. ,?i.h, .f?.y? ..SY.hy?T ??'{5,???'?s,',j pf ???y'!^•li. t?r'? r'7'? " ? .? r' ' • ' 1 , r 'i , •^y'?. '?' ?' i? "1j _'.-rr .? •:.. • l• ; , ?,?Zr%'",.; 3 ? el.iiA•r: ? E - l '-irw--r- - -- - -- :..•rsi:xnirs•?!!",IV,r„>ti .v1'•lti.`J'ww w r ... r •. .. ? ». •??+'y -? _. MP P SECTION 12. That if aby section, sub-section sentence, clause or phrase of in Ordinance, for any reason, is hefd to be unconstitu- tional, void or invalid the validity of the remainder of this Ordinance shall not be affected hereby. , SECTION M. This Ordinance shall be retroactive and effective as of September 170 1959. PASSED ON FIRST READING PASSED ON SECOND READING PASSED ON THIRD AND FINAL READING AND ADOPTED Attest; ! October 16, 1961 October 19 1961 October 26.,, 1961 UXty er (57- i i r 'w e . i r 11 • .r• .s,,?'t it 'r =:fS "•.'r '-Fr. s.?° y ra'.i .10`2 ,? .t .X•%`f '?. YI jP:•.L .si+':k?• 'r•:,'•r 4`sn=.1• '.:X,+-•c' ?l;s ' .r. ,?, y *, ?,y'S 4'x'1, :?•:'t -2.. "r" . f',,i}? 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''1 •i _ •d: ''? a. ,^!".i ll • f - : "2s v. r F < .f, '- , (4 J.r s= :'s.' ft,` c_: is fit ? - t e . - aa. ',. ':i,... 1.. 'T i,., . 1 it {. i J °'S' 'i „f fl- i . 7 ` . ': ., .,, "- :. •k • r ' 3F' '• i i'. z'; ? r +' , ""- .,?'i' i ! 7 ' ^'. ti p? .?.i' ••' . ` '. '?4,'i : ,Li?• r' ?r :°t:' °s;y':';':;.rti; rn }'s ir_' 3, "; f '?i . . ,. i r _,;j,.. s itiri ?f.. ' 'L : h. y ;: ?,f; g;''c-r; .`,•?j.1 ,.,+i? I I. j ,,,,' ;'•' i'ir '?' '9M1`?1':F: °'r .%; i':. •t .t i2?, ,;-.!",. - t ''' ' J' • '1'" ,' 1.- K!.?.Yl: S :3:•'. 't: The ,f•:}, Y.'': ;?',_', ,. Clearwater Sun :'-.-, !.. , .'. ',''<`a;i'I,;:Lr'E;- , Published Dal ,.?,.: L i;•z, ' L ' : t.:. _t'' Clearwater, Pinellas County, Florida ,' _: .r ,; }_'' •, a ='r t. " ,1. r! ; , iu .r;,, , • ,; a 'i•: ti:1 STATE OF FLORIDA s. - ,;, 5'':• > y `,,: aE ar r d: : t ; ;:`•:: ;.t <t?l ..z.' COUNTY OF PINELLASt IrcoTt i1as+Aga 1,' •; {::'}F' <,: ', «,.1:4 f :'r.,s" t " :..<•?:..- i 't : y•r•,,f: {,}'?.e ?,y, ;IT:'1-?,.,;, :r' " ?t ' ''Or, QW11 NANV11 ,,, •: ., r : '. . '..i r'? r ?? Before the uaderai 1er ?' !.. :, -.1 ,:: -: `3:'' _.' z; ,. S : ,a,- ,Q- ,' 9ned authority parsanally appeared W. Paul AN+ UxtlORDINANCEINANUa1N. PROVIDIN? FOR -'I,"., ., .' r:x ,%,": 'rt c-.", •4.I-;"„_ L,jr,;' ? i' N -, oath says that he fs the Business Manager of the Clearwater Sun, a who OR T}ig It, x=rABLYAJI CNT' or 'A At1P• ''j'A'i ' :. ' • ;••'`` " ,? ,,,. % AadaltYrrie, aowspaper rr a?trNTwRr t+&NatoN- wND Irt?; `:f; , ,3",,, ••i :_':" 4 ;1 k?_,_ :' published at Clearwater in Pinellas County, Florida: that the attached copy of FtC?11tI7it''PLAN r01?.:PaWat nF; <' ?- ,• }rc ? .P)n i • ' ., _:, .2 - _" -3 i :i 5 Ra ow •TBr7 Q1 TY 'y,,,,,,. - ?r",L:t 4 ' 'y;' }!' `.3 wt •? r ' adrertiaemeat, bola ATS or c s :'?•E:: 3 -, . ,r ,:w 'n,, ,,Y. .: . I • g a i. N.Qt1.Ce..of ..Passage. of. Ar.?iirlance..... ItivW THE FLbnlDA TO;II=S•ICI OWN °: ,;,• ;.}j" u a ,r' u r .;x,.,a •:; ;it„y ,rr PP1.S'•11irNTAaT I+1LE• 'yir;.":: ,,,,`i ?t;r,t;•-;:tip-?`,a_ jr::. '! ,', r1°.•, 'Iii'?"i,'' -VOn ..5=': "+' ...........•..... l?. ?+. , 7.t? ............................................ In the Iaattat Oi' I ,rlRl:uFICS1i8ztiNOY'1I?Q[.t3AR 9AT I Ci Gi'3 6"f ' ? •^" -"r %',:-: -^, ''? -_ F ;.:'i ;,a?"' ;, !? 'i , 0R}.l la Cs.l4Q... '7 pD?• p ................ I11Ai' 1313'"tND'TERN=I tMNAT, .f'r{(E+?yrL'.. 'u°fs:`,' t X"y 'f , "..., _ ., f ..!•,e','.: . ; :- I ?. •''',.;/r,• i "'q '} ................................. 1N0 A BOARD Or TRUATZkS TOR ? ', r, °•; ti •:'S THE AD1ITU1sTRA ?".Mlr'?-?' +' ,,'? i-') $:rt L.` ............... TION• AND' OP >{.' +•-a.s?sir.rl, t;i.,rirS.'. ',t l+,y'' .............................................. .CHATiON Or'.eA1D AENalON %'.?ssfs;J'<^. t ..`; --'- •? T o?rr•,:,, ....................... ; HCN•1' 'AND :,,'r'1'tn1.?vY: ?•..i-: 0%1 'rt ''tf_ : ;I =1118 NLAN'ANO bEaoRIB. •?'ei+? ,,, •1":' ;'l -,.. i e t (r?, in the ...... ......................... 1Na 1Ta row ` ?;; :. ,; _Sn:: . ."# "P•a'e` •11•?/;lf;•lt'i!'?I;iF'1 ..... aRTAiION'AHII :.{:+ Y ?e? c)r k: + In 'atAtNTSxAr:os Dr ¢Atn 'S C; M r, . ? {L :. t:. Ni `?>' Court, was Published ... T rt?ND: Qui.i r ,.: :•',L.•? r; A {.1 r'' % said newspaper la the issues of nR Na volt Tltm. J"• r "`' 4,, ;,,- l 'X?" ?'if,'iyr•1:.r-?i't 1.'tA?tr+rT'....70.P..??7??.... i I tr ntDq D ti:1SY'iiL , ."... ....... ....... COUNTA, or ,".'•f"? .i'?t:• ?5' r' ? !1L'NTa. Dt".i'0 ITS .. • Tasu + ,' ,;i +a'"- •••,••••••••••••• AND 07TICI t: ":? " ,,Z4 rl'? i'R'.' .i ivs.."'' ?;' 1 Txrl BQARDr ; . - L.:r 'iz ':ft: ,, "f;-:1 -#.t: i'?t'?', . r Jtiilant further says that the said Clearwater Sun Is a new ' pj?ovlD ?.-rq,,''':'' X3; . f , ;.-,, --?S Na FaW'L R nr"REMONT' AH • :S-4 ,y ? P?.• • i•';'1f.i t » 3 },-""I ?: w: ;y.?l Clearwater, in said Pinellas County, Florida, and that the saia?a?liuhllshed at UPPIa1";.PROViDIN° Dr orr[ r.,,c'`'-,.,z,? 'L•i,•r:?Lry,1f... ?t, eentinuousl y, spaper has Isatif tMTat PROV1AtNt1 F R IC TIIr I -," 4.1 ?- [.r, j`' M „ y published In said Pinellas Cot Florida, each d and ;' w:' .";' -;•?':":?l J,; ,, ti ,r; . 1 ' ' t ? j un TIM ' has been beretofare been catered as second claw mail matter at the post oliles In GIearwater, ta,sald Doti,,L BEKt:rI'ra Paton-To 1?. ., ,,; ,: d .Y , ,4 :,at't T t.:>rltnvtDINa :TOR 1)Ia. , ,,, ,,`:. i yri ` 4 r3` ` ?' i ': q r+ Pinellas County, Florida, for ac period of one ear next preceding the first ublleatloa of n TteRSeN'QP x rUNp J)-ABa aETaUp. 1I'Up . ,t • t„ OT Ott 1, - t?,r• the attached co y P ,' 7..,' c* ?f;'::?:?s.?; ,, `L ,,. pY of on, n tsemeorr and atliaat futthi r s ars that he bas neither paid t'Ravtnura.l<oR rt;IUDDta AoTU!i y ?r,;it„ 5y,tV'• €r '; ?t? >' ir tS nor Promised any person, firm or crporatloa an icouat, z ate, commission or refund A?'L'nan''• av' ?Itn 'rttxnt; "r '}'tis=': ` f y?•. {3 for the purpose of securing this adrertisema for p li on is th rltavlntxd W oft THE 'as.r I? ..d ? )., -?., tY t '. ;• ti; i e said n ew >~QT1V F ^ r ' i, spapcr. DwTla ar Tula °Rt1IN x` t r'r : ?+'wr i YASJ116D O TIRaT ANC=I. •.-t it ,:•.a••"`3Y?' .?•'k'€.'SS%' • ^:r I 0;4 . • • .% ADttrb ` •,",,-uk}i .. ?a{L{ ,1(`,'' r ' " . . • ??.L`L ' 1ti?larttb ON ;1 COND ItCAy1t{ta ` 1. I La!r: %.;;; 4? 4 _;t€ 1?.!%, 11 ••••••••4 " ••..... T ftettr6et'Ir.11t ,,- 4?t,?, r . 1'AalFD W Gk irINA4 kr •:{y{.sF Y ! y? - ms' s 4 i 1 Swgra to and subscribed before me 1 , . a ,tND., 0AprTD .'° ?i R ` ?' Ill 0- 116LI e; ?J•.. 1 lhti ..10th ...day ol...00tober... 6l. •.'i;?t'I Itob:tt U tvRftA.rLy .Fe,', -, T. ,,fit., .. A. D. 18 Attu 'j°r' u`tontr; : ?,? , ,. ?? %i L J / .F'B O.,; Wktt.A.iil; . r ):-::M,: t ~', t ' r' S '-: I iS Notarypublic Itb 'iltijAc, Slz;c of Flnri:I,I it Lrtri;a i?ltrt ?t?4, st:t>Q " ! tdy commisslon rx;)',res Jim 2'?, 1?'63 7 r , ' Uondad by Amt:rccx& Sutaty Cu. Of N. Y, I s ), F ' f rk Safi ' "" r. ? r?"?!f! ` r+ 'ry.. ?1k ?•4. a+L. , , .'*•-t``7 ;4•,}%• ,.,;uK ! I`'+ •.•.`.r.2:S:r „? ,} t S. 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