O-426-81 ORDINANCE No. 426-81
AN ORDINANCE AMENDING SUB-SECTION (b) OF SECTION 34,
ARTICLE II, OF CHAPTER 17, OF THE CODE OF ORDINANCES, MIAMI
SHORES VILLAGE, FLORIDA; ESTABLISHING ONE YEAR LIMITATION
ON OPTION TO RECEIVE CREDIT FOR PRIOR SERVICE FORFEITED BY
ACCEPTING REFUND OF CONTRIBUTION; PROVIDING EFFECTIVE DATE.
BE IT ORDAINED BY MIAMI SHORES VILLAGE:
Section 1. Sub-section 17-34 (b) of Article II of
the Code of ordinances, Miami Shores Village, Florida presently
reads as follows:
" (b) Any member receiving a refund of contributions
shall thereby forfeit and relinquish all accrued
rights in the plan, including all accumulated credit-
able service; provided, if any member who has with-
drawn his contributions as provided for in this section
shall re-enter the service of the village, and again
become a member of the plan, he may restore all moneys
previously received by him as a refund, including
regular interest for the period of his absence from
the village service, and he shall then again receive
credit for service which he forfeited by the accept-
ance of such refund. Such restoration shall be
permitted only if a member shall have rendered at
least two (2) years of continuous service following
his latest re-entry into the service of the Village
during which he shall have made contributions to the
plan. "
Section 2. Sub-section 17-34 (b) of Article II of the
Code of ordinances, Miami Shores Village, Florida shall become
and the same is hereby amended to read as follows:
(b) Any member receiving a refund of contributions
shall thereby forfeit and relinquish all accrued rights
in the plan, including all accumulated creditable
service; provided, if within one year of said forfeit-
ure any member who has withdrawn his contributions as
provided for in this section shall re-enter the ser-
vice of the village, and again become a member of the
plan, he may restore all moneys previously received by
him as a refund, including regular interest for the
period of his absence from the village service, and
he shall then again receive credit for service which
he forfeited by the acceptance of such refund. Such
restoration shall be permitted only if a member shall
have rendered at least two (2) years of continuous
service following his latest re-entry into the service
of the village during which he shall have made contribu-
tions to the plan.
Section 3. This ordinance shall become effective
on the date of adoption.
PASSED AND ADOPTED on first reading on the 6th
day of January , 1981
PASSED AND ADOPTED on final reading on the -20th
day of January 1981
ATTEST:
VP9IGE CLERK
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