ORDINANCE 827'ORDINANCE NO. 29-74-827
AN ORDINANCE OF THE CITY OF SOUTH MIAMI,
FLORIDA, AMENDING, PARAGRAPH 2 OF SECTION
3.3 OF ARTICLE III OF ORDINANCE NO. 5>28
OF THE CITY OF SOUTH MIAMI BY CHANGING
THE NUMBER, OF YE7.RS OF CREDITED SERVICE
FOR POLICEMEN FROM 25 YEARS TO 15 YEARS
WITH REGARD TO PENSION` BENEFITS AND
RETIREMENT DATE'.
BE 'IT ORDAINED BY THE MAYOR AND CITY COUNCIL OF THE
CITY OF SOUTH MIAMI, FLORIDA:
Section 1. That Paragraph 2 of Section 3.3
of Article III of Ordinance No. 528 of the City of South Miami
be, and the same is hereby amended to read as follows:
"A participant who is classified as a policeman
may elect an early retirement date which may be
the first day of any calendar month coincident
with, or subsequent to his fifty-fifth (55)
birthday and his completion of fifteen (15)
years of credited service. `The pension benefits
payable to any such participant on his early
retirement date shall be equal to an actuarial
equivalent, determined in accordance with Table
II, to the amount of pension to which he is
entitled up to his early retirement date in
accordance with Section 3.2,"
PASSED and ADOPTED this 4th day of June ,1974.
Attest:
City Clerk
Passed tin First Reading: S/7/74
Passed an Second Reading 614%74
APPROVED:
Mayor
Moved by Block
Seconded by Gibson
YES f
F��g:►r_ X
Li.it- abs