O-420-80 ORDINANCE NO . 420-80
AN ORDINANCE AMENDING SECTION 17-31 OF
CHAPTER 17 , ARTICLE II OF MIAMI SHORES VILLAGE
CODE OF ORDINANCES ; INCREASING BENEFITS WITH
MAXIMUM INCREASE OF 10%, AND MINIMUM OF $10 .00 ;
PROVIDING EFFECTIVE DATE .
BE IT ORDAINED BY MIAMI SHORES VILLAGE :
Section 1 . That Sub-section ( i ) be added to
Section 17-31 of Chapter 17 , Article II as follows :
( i ) Any employee or beneficiary thereof
who is receiving benefits under the
provisions of this Section 17-31 as of
October 1 , 1980 shall receive a one
time permanent increase in his monthly
retirement income being received under
the provisions of this ordinance in
the amount of 1/4% ( . 0025) for each
calendar month from the later of
October 1 , 1975 or the date his benefits
commenced through September 30 , 1980 ,
up to a maximum increase of 10% . The
minimum increase shall be $10 .00 per
month .
Section 2 . In all other respects said ordinance
is unaffected by this amendment .
Section 3 . This ordinance shall be effective
October 1 , 1980 .
PASSED ON FIRST READING this 2nd day of September ,
1980.
PASSED AND ADOPTED ON SECOND READING this 16th
day of September, 1980 .
enr� A E
or
ATTEST:
Village Clerk