O-580-96 ORDINANCE NO.— 580-96
AN ORDINANCE AMENDING SECTION 18-40(7) OF THE CODE OF
ORDINANCES OF MIAMI SHORES VILLAGE, FLORIDA; ELIMINATING
THE OBLIGATION OF THE VILLAGE TO PAY ACTUARIAL AND OTHER
EXPENSES OF THE MIAMI SHORES PENSION PLAN; PROVIDING FOR
EFFECTIVE DATE AND RETROACTIVE APPLICATION.
WHEREAS, it has been determined that all expenses of administering the Miami
Shores Pension Plan are properly the expenses of the Plan;
IT IS ORDERED BY THE COUNCIL OF MIAMI SHORES VILLAGE, FLORIDA:
SECTION 1. Sub-Section (7) of Section 18-40 of the Code of Ordinances of
Miami Shores Village shall stand amended to read as follows:
(7) Employ actuarial or other technical assistance necessary
during the operation of the plan, as it may from time to time
require in connection with the determination of cost and
liabilities and prescribe appropriate actuarial tables upon
recommendation of the actuary;
SECTION 2. This Ordinance shall be given retroactive effect.
SECTION 3. All Ordinances or part of Ordinances in conflict herewith are
hereby repealed to the extent of such conflict.
SECTION 4. If any provision of this Ordinance or the application thereof to
any person or circumstance is held invalid, such invalidity shall not affect other provisions
or applications of this Ordinance that can be given affect without the invalid provision or
application, and to this end the provisions of this Ordinance are declared to be severable.
SECTION 5. This Ordinance shall become effective immediately upon its
passage and adoption.
PASSED on FIRST READING this 2 day of January ' 1996.
PASSED and ADOPTED, SECOND READING this 6 day qf-,Februdry lggc-*.
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Louis S. Imburgia, Jr., May��
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ATTEST:
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Barbara A. Fugazzi
Village Clerk
APPROVED AS TO FORM:
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Mark S. Ulmer
Village Aftorney
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