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10-1334 Police & Fire Pension Plan Amendments
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10-1334 Police & Fire Pension Plan Amendments
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7/30/2010 10:51:07 AM
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7/30/2010 10:30:02 AM
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City Clerk
City Clerk - Doc Type
Ordinances
City Clerk - Date
7/26/2010
Doc Number
10-1334
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or the calendar year in which the Member terminates employment with the <br />City• <br />***** <br />(g) Notwithstanding anything herein to the contrary, the Board in its discretion, <br />may elect to make a lump sum payment to a Member or a Member's Beneficiary in the <br />event that the mr~n+hh~ honofi+ .~mn~ in+ i~ lo~~ +h~n Q`~ nn nn nr +ho +n+~I nnr~-~r~-~~ i+orJ ~i~li io ref <br />total <br />commuted value of the monthly income payments to be paid do not exceed one thousand <br />dollars ($1,000). Any such payment made to any person pursuant to the power and <br />discretion conferred upon the Board by the preceding sentence shall operate as a <br />complete discharge of all obligations under the System with regard to such Member and <br />shall not be subject to review by anyone, but shall be final, binding and conclusive on all <br />persons. <br />SECTION 8: That Chapter 62, Pensions and Retirement, Article I, Police Officers' <br />and Firefighters' Pension Plan, of the Code of Ordinances of the City of Casselberry, is <br />hereby amended by amending Section 62-2015, Maximum Pension, to read as follows: <br />Sec. 62-2015. Maximum pension. <br />c+h~ll nn+ovnoor•1 4`~G.'n nnn nn <br /> <br /> <br /> <br /> <br /> <br />nnnn~ m+• <br />~~ <br /> <br />honofi+~• <br />r~crrcrrr~r <br />9 <br />
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