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Home My WebLink AboutOrdinance 273 Money Purchase Employee Pension Plan ORDINANCE NO. 273 AN ORDINANCE OF THE CITY OF WINTER SPRINGS, FLORIDA, ADOPTING AND APPROVING A MONEY PURCHASE PENSION PLAN AND TRUST FOR THE EMPLOYEES OF THE CITY; PROVIDING FOR THE COST OF SUCH PLAN TO BE PAID BY THE CITY; CREATING A BOARD OF TRUSTEES TO ADMINISTER SAID PLAN; AUTHORIZING THE EXECUTION OF AGREEI1ENT BETWEEN THE CITY OF WINTER SPRINGS AND SAID BOARD OF TRUSTEES APPOINTED; PROVIDING FOR CONFLICTS AND EFFECTIVE DATE. WHEREAS, the City Commission of the City of Winter Springs, Florida, has determined it to be in the best interest of the City to provide a money purchase pension plan and trust for the City's employees and officials; and WHEREAS, such plan is to be funded exclusively by the City; and WHEREAS, to implement the plan, the City will enter into an agreement with a Board of Trustees who shall be appointed by the City to administer the plan. NOW, THEREFORE, THE CITY OF WINTER SPRINGS, FLORIDA, HEREBY ORDAINS: SECTION I - The City of Winter Springs does hereby elect to provide for its employees a money purchase pension plan and trust, said plan and trust to be known as the "Pension Plan for the Employees of the City of Winter Springs, Florida" (the "Plan"). The Plan shall be admin- istered by a Board of Trustees as hereinafter appointed. SECTION II - The City of Winter Springs does hereby approve and adopt the Plan, a copy of which is attached hereto, and authorizes the Mayor and City Manager of the City to execute the Plan on behalf of the City. The Plan may be amended from time to time by resolution of the City Commission. SECTION III - The cost of the Plan shall be paid entirely by the City from the General Fund. SECTION IV - There is hereby created and established a Board of Trustees consisting of four (4) members, to wit: MAYOR JOHN V .TORCASO CITY MANAGER RICHARD ROZANSKY , COMMISSIONER INEZ LINVILLE and MR. JOHN HATFIELD , each for a term of three (3) years. The successors of the original appointees shall likewise be appointed for a term of three (3) years by resolution of the City Commission. Vacancies in the Board shall be filled by the City Commission for the unexpired term of such vacancies. The Board of Trustees herein appointed is hereby authorized to enter into the Plan with the City of Winter Springs, Florida. The Board of Trustees shall shall administer the Plan pursuant to the provisions contained therein. SECTION V - The City of Winter Springs shall be bound by the terms and conditions of the Plan. SECTION VI - All ordinances or parts of ordinances in conflict herewith be and the same hereby are repealed. SECTION VII - This ordinance shall become effective immediately upon its final passage and adoption. PASSED and ADOPTED this 22nd day of February, 1983. CITY OF WINTER SPRINGS, FLORIDA JOHN V. TORCASO, MAYOR ATTEST: Mary T. Norton CITY CLERK FIRST READING Jan. 25,83 SECOND READING AND PUBLIC HEARING FEB 22, 1983 POSTED JANUARY 17, 1983 TE LEPHONE (305) 327-1800 WiNTER SPRINGS. FLORIDA ZIP CODE 32708 CITY OF WI~7ER SPRINGS, FLORIDA NOTICE OF PUBLIC HEARING NOTICE is her,eby given by the City Commission of the City of Winter Springs, Florida, that said Commission will hold a public hearing on an ordinance entitled as follows: AN ORDINANCE OF THE CITY OF WINTER SPRINGS, FLORIDA, ADOPTING AND APPROVING A MONEY PURCHASE PENSION PLAN AND TRUST FOR THE EMPLOYEES ANB OFFIGERS OF THE CITY; PROVIDING FOR THE COST OF SUCH PLAN TO BE PAID BY THE CITY; CREATING A BOARD OF TRUSTEES TO ADMINISTER SAID PLAN; AUTHORIZING THE EXECUTION OF AGREEMENT BETWEEN THE CITY OF WINTER SPRINGS AND SAID BOARD OF TRUSTEES APPOINTED; PROVIDING FOR CONFLICTS AND EFFECTIVE DATE. This Public Hearing will be held at 7:30 p. m. on Tuesday, February 22, 1983 , or as soon thereafter as possible in the Commission Chamber, City Hall, 400 N. Edgemon Ave., Winter Springs, Florida. Copies of the proposed ordinance are available in the office of the City Clerk for inspection. Interested parties may appear at this hearing and be heard with respect to this proposed ordinance. Please be advised that, under State Law, if you decide to appeal a decision made with respect to this matter, you will need a record of the proceedings and may need to ensure that a verbatim record is made. Dated this 27th day of January , 1983. CITY OF WINTER SPRINGS, FLORIDA ~ :;-: //Z~~ Mary T. Norton, City Clerk -';:'.~',y .,;,:\~ 'hi\ I r:'/I ~ '\. j ........ .......,'tttt,~.)" ~ " i ")~)' (' { . If'l~ ~ \, ..' J ." l 'f .~ ,...,^",.v~. ~ _;' , , .(':-~~'~ ;-~;'/ CITY OF WINTER SPRINGS, FLORIDA 400 NORTH EDGEMON AVENUE WINTER SPRINGS, FLORIDA 32708 Telephone (305) 327-1800 Jan. 27, 1983 The Orlando Sentinel Legal Advertisements P. O. Box 2833 Orlando, Fl. 32802 Dear Sirs: Enclosed please find Notice of Public Hearing for the City of Winter Springs, Florida, to be published one time on Sunday, February 6, 1983, in the Little Sentinel. Please send proof of publication and invoice to this office. Thank you. Yours very truly, CITY OF WINTER SPRINGS ~u~ j: Jz~;..; Hary T. Norton, City Clerk SENTINEL STAR Published Daily ..\Itamonlt" Springs. Seminole Count}', Florida ADVERTlf J CHARGE $ 2 3 . 20 ,-" ~htte of 1florioa t COrC\"TY OF ORAC\"GE \ ss. in the Court, CITY OF WINTER SPRINGS, FLORlOA NOTICE OF PUBLIC HEARING NOTICE is hereby given by !he City Commission of the City of Winter Springs, Florida. that said Commission will hold a publiC hearing on an ordI- nance entitled as follows: AN ORDINANCE ON THE CITY OF WINTER SPRINGS, FLORIDA, ADOPTING AND APPROVING A M0N- EY PURCHASE PENSION PLAN AND TRUST FOR THE EMPLOYEES AND OFFICERS OF THE CITY; PROVIDING FOR THE COST OF SUCH PLAN TO BE PAID BY THE CITY;_CREATING A BOARD OF TRUSTEES TO ADMINIS- TER SAID PLAN; AUTHORIZING THE EXECUTION OF AGREEMENT BETWEEN THE CITY OF WINTER SPRINGS AND SAID BOARD OF TRUSTEES APPOINTED; PROVIDING FOR CONFLICTS AND EFFECTIVE DATE. This Public Hearing will be held at 7:30 p. m. on Tuesday, February 22, t 983, or as soon thereafter as possi- ble in the Commission Chamber. City Hall. 400 N. Edgemon Ave.. Winter Springs. FlOrida. Copies of the proposed ordinance are available in the office of the City Clerk for inspection. Interested parties may appear at this hearing and be heard with respect to this proposed ordinance. Please be advised that. under State Law. if you decide to appeal a .deci- sion made with respect to this malter, you will need a record of the proceed- ings and may need to ensure that a verbatim record is made. Dated this 27th day Of January, 1983. CITY OF WINTER SPRINGS. FLORIDA /s/ Mary T. Norton Mary T. Norton. City Clerk LS-258(6S) _. Feb.6,1983 Before the undersigned authority personally appeared Betty M. Kinney , who on oath says that she is the Legal Advertising Representative of the Sentinel Star, a Daily newspaper published at Altamonte Springs, in Seminole County, Florida; that the attached copy of ad- . t be' Not ice 0 f Pub Ii c He a r in g in the matter of vertlsemen, mg " Adopting a money purchase pension plan, etc. was published in said newspaper in the issues of February 6, 1983 Affiant further says that the said Sentinel Star is a newspaper published at AI- tamonte Springs, in said Seminole County, Florida, and that the said newspaper has heretofore been continuously published in said Seminole County, Florida, each Week Day and has been entered as second-class mail matter at the post office in Altamonte Springs, in said Seminole County, Florida for a period of one year next preceding the first publication of the attached copy of advertisement; and affiant fm'ther says that he/she has neither paid nor promised any person, firm or corporation any discount, rebate, commission or refund for the purpose of securing this advertisement for pub- lication in the said newspaper. ~~ ~.'<--~cs ~ 7th' Sworn to and subscribed before me this day of Fe~ iD.19~ .. . ... d <<,>>,/ 'Y 0:7/ d. . Notary Public :~t41(':!~~lic, State of Fforfda af rargr! @III\( ~SS\IillU.Qi[es Jan. 21.& l.S8.!J' FORM 29 ~ ~