R-0911-93 RESOLUTION NO. 911-93
A RESOLUTION OF THE MIAMI SHORES VILLAGE
COUNCIL APPROVING PARTICIPATION IN THE VILLAGE
PENSION PLAN OF ALL PRESENT EMPLOYEES AFFECTED
BY THE REMOVAL OF MAXIMUM AGE LIMITATION FROM
THE VILLAGE PENSION PLAN AND AUTHORIZING ENTRY
INTO SAID PLAN RETROACTIVELY TO JANUARY 1,
1988.
WHEREAS, The Miami Shores Village Pension Plan Ordinance
has now been amended by deleting therefrom the prohibition against
the entry into said plan by anyone fifty-five (55) years of age or
older, at the time of completion of one ( 1) year of service, and
WHEREAS, certain employees of Miami Shores Village affected
thereby have indicated an interest in becoming members of said
Pension Plan by making a contribution thereto calculated to credit
said employee with a retroactive entry date,
NOW THEREFORE, it is hereby resolved by the Miami Shores
Village Council that any present employee of Miami Shores Village
who was heretofore ineligible to join the Miami Shores Village
Pension Plan after the completion of one year service because said
employee was not under the age of fifty-five years, said employee
is now eligible to join the Village Pension Plan retroactively to
January 1, 1988, upon the payment by said employee of a sum of
money equal to the amount of contribution that would have been made
by said employee commencing January 1, 1988.
DATED this 21 day of September , 1993
ATTEST: // Vx
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William J. H ffe , Mayor
Scott W. Davis
Village Clerk
APPROVED AS TO FORM:
William F. Fardi, Jr.
Village Attorney