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Ordinance No. 58-91-14 v ORDINANCE NO. 58-91-14 AN ORDINANCE OF THE CITY OF ATLANTIC BEACH AMENDING CHAPTER 2, SECTION 2-276, VOLUNTARY RETIREMENT CONDITIONS, SUBPARAGRAPH (a) (2) , PROVIDING FOR A CHANGE IN THE LANGUAGE RELATIVE TO RETIREMENT DATE, AND ADDING A NEW SUBSECTION (c) TO PROVIDE CONDITIONS FOR REEMPLOYMENT OF RETIRED EMPLOYEES, PROVIDING AN EFFECTIVE DATE BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF ATLANTIC BEACH, FLORIDA AS FOLLOWS: Section 1. Chapter 2, Article VI, Division 3, Section 2-276 of the Code of Ordinances of the City of Atlantic Beach is amended to read as follows: CHAPTER 2. ADMINISTRATION ARTICLE VI. EMPLOYEE BENEFITS DIVISION 3. RETIREMENT SYSTEM Section 2-276. Voluntary Retirement Conditions; Employment after retirement. (a) A member of the retirement system may retire upon satisfaction of each of the following requirements: (1) The member files written application for retirement with the board of trustees setting forth the date, not less than thirty (30) days nor more than ninety (90) days subsequent to the execution and filing thereof, retirement is to be effective; (2) The member terminates all his/her then current city employment prior to the date retirement is to be effective; (3) The member has met one of the age and service requirements for retirement specified in subsection (b) applicable to the member's benefit group. Upon retirement, a member shall be paid a pension computed according to the applicable subsections of Section 2-281. (b) The age and service requirements for voluntary retirement are as follows: (1) Benefit group fire. The member has attained age fifty-five (55) years or older and has twenty (20) or more years of credited service in force; or, the member has attained age sixty (60) years or older, and has five (5) or more years of credited service in force; (2) Benefit group police. The member has attained age fifty-five (55) years or older and has twenty (20) or more years of credited service in force; or, the member has attained age sixty (60) years or older and has five (5) or more years of credited service in force; (3) Benefit group general. The member has attained age sixty (60) years or older, and has five (5) or more years of credited service in force. (c) Employment after retirement: (1) Any person who has retired as a member of this retirement system may be reemployed by the city and receive retirement benefits from his previous employment and compensation from his reemployment, except that a person may not receive both compensation from reemployment with the city and previously earned retirement benefits under this retirement system for a 12-month period immediately following that person's date of retirement. (2) Any person who has retired as a member of this retirement system and is subsequently reemployed by the city shall not become a member of the retirement system by reason of his/her reemployment and shall not be eligible for retirement benefits from his/her reemployment. (3) Any person to whom the limitation in paragraph (a) applies who violates such reemployment limitation and who is reemployed by the city before completion of the 12-month limitation period shall: (i) Give timely notice of this fact to the city in writing; (ii) Have the retirement benefits suspended for the remainder of the 12-month period; (iii)Repay all retirement benefits received prior to the giving of this written notice to the city. Until repayment of these retirement benefits is made, the payment of any benefits under the plan after the 12-month limitation period has expired, is indefinitely suspended. * * * * * * * * * * * * * Section 2. This ordinance shall take affect upon its adoption. Passed by the City Commission on first readi : Marc 5 1991 . Passed by the City Commission on secind alioI final readin' Ap i1 8 , 1:91 1111141111 r►t Wiliam I. Gullifor. . or Approved as to form and correctness: an C. Je : City Attorney ATTES T: Maureen King, Cit ClerK