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48-86 ORDINANCE NO. 48-86 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF DELRAY BEACH, FLORIDA, AMENDING CHAPTER 18, "PENSIONS AND RETIREMENT", ARTICLE IV, "PENSIONS FOR GENERAL EMPLOYEES", OF THE CODE OF ORDINANCES OF THE CITY OF DELRAY BEACH, FLORIDA, BY ENACTING A NEW SECTION 18-120, PROVIDING SUPPLEMENTAL RETIREMENT INCOME FOR EMPLOYEES WHO RETIRED PRIOR TO MARCH 1, 1986; PROVIDING A MINIMUM MONTHLY RETIREMENT BENEFIT FOR SAID RETIREES; PROVIDING FOR CERTAIN RETROACTIVE APPLICATION OF SUCH AMENDMENT; PROVIDING A SAVINGS CLAUSE; PROVIDING AN EFFECTIVE DATE. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF TEE CITY OF DELRAY BEACH, FLORIDA, AS FOLLOWS: ~ ~. That Section 18-120, "SUPPLEMENTAL RETIREMENT INCOME FOR EMPLOYEES WHO RETIRED PRIOR TO FEBRUARY 1, 1986", of the Code of Ordinances of the City of Delray Beach, Florida, is hereby enacted to read as follows: Employees who retired prior to February 1, 1986 shall receive an increase in their retirement income calculated in accordance with Sections 18-109, 18-110, 18-111, 18-112 and 18-113 equal to two (2%) percent for each year from the date of the employee's retirement through February 28, 1986; provided, all such employees who retired prior to March 1, 1986 shall receive retirement income of at least $200 per month. The supplement and minimum retirement income provided in this section shall be paid beginning March 1, 1986. ~. That should any section or provision of this ordinance or any portion thereof, any paragraph, sentence, or word be declared by a court of competent jurisdiction to be invalid, such decision shall not affect the validity of the remainder hereof as a whole or part thereof other than the part declared to be invalid. ~. That this ordinance should become effective immediately after its passage on second and final reading and shall be applicable to retirees as set forth in Section 1 of this ordinance. PASSED AND ADOPTED in regular session on secon~ and final reading on this the 12th day of August , 1986. MAYOR - ATTEST: First Reading J,uly 22t. 1986 Second Reading Auqust 12t 1986