HomeMy WebLinkAboutAgreement_General_10/01/1975The Department of Administration of the State of Florida, under the
authority of Chapter~121. Florida Statutes, and Village of Tequesta,
Florida, apolitical subdivision of the State of Florida, herein
referred to es "political subdivision," in order to extend to officials,
and employees of said political subdivision (except-such as are herein-
' after excluded) th.e benefits of the Florida Retira~nent Systeat established
by Chapter i21, Florida Statutes,.herebp agree as follows:
1. Definitions
For the purpose of the Agreement - -
' (a) Tha definitions, words and phrases as set out in _
Section 121.021, Florida Stateutes, shall have the respective meanings -
set forth therein,.
2. Services Covered: ~ -
The agreement includes and covers-all services performed bg officers
and employees of this political subdivision except-one (1)-employeo -
who rejected membership in the Florida Retirement Systesa in that _ -
referendum conducted of all eligible officers and employees of the
political subdivision an riay 28,-1975 by signed written ballot, said
ballot indicating rejectian•af membership being attached and-made a
part of this agreement,. and further excepting from this agreement any
service,.positian, employee, or official excluded by Chapter 121, -
_ Florida Statutes, the rules and regulations of the Florida Retirement _
System, or Ordinance No. 228 adopted by the political subdivision an
the 6th day of June, 1975.
3. ~ Contributions by the political Subdit~s-ion: _ -
(a) The political subdivision represents that >at has duly
and icgaliy adopt^cd, and .that tt~.ere is na;rr in full force and effect, ,
an_. ordinance requiring an appropriation from available funds ire its
general or special-funds derived from ad valorem tax or other sources,
which shall in an aT:uiunt to ~ equal the total aa:audt dui from sai~
political subdivision under applicable provisions of Chapter 121,
Florida Statutes. ~ .'
(b) As assurance of its ability to pap its share of the
contributions which will become due and payable t® the Ad~tinistrator
under .the terms of this Agreement and as assurance that said contri- -
butions will be adequate, the political subdivision hereby oblig~-tes -
itself to maintain, and represents that at:a11 times-hereafter-there
will ba maintained, in the appropriation provided in paragraph 3: (a),
above, a smv, fully sufficient to pay the total' amount dus from.-.said - -
political subdivision and that same krill be paid promptly when due,
4. Reports .- Compliance with Regulations :
The political subdivision agrees that it wil]. make-such. reports, in
such font and containing such information, as the Administrator Tway
require. The political subdivision further agrees that it ~?ill comply •
with all provisions of Chapter 121, Florida Statutes, .and wi-tit -all
rules and regulations adopted and promulgated by the Administrator of
the Florida Retirement Systaa~ necessar to card oat the purposes of
Chapter 121, Florida Statutes. It is furthsr~understood~and agreed
that-late payments come under provisions of Section 121.061,-paragraphs
(2) (a), (b), and (e), Florida Statutes. ~•
5. Teratination:
Once this agreement is made and approved it Tna.y not be revoked and all,
present officers and employees electing coverage under tlti3 agreement
and alI future officers and employees shall be compulsory members of
the Florida Retirement System,-
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6. Past Service of Covered Officers and Employees
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The political subdivision hereby elects and agrees to provide benefits -
for total past service for its officers, officials and employees
covered by this agreement who Were in its employ on October 1, -1975,
in accordance with provisions of Chapter 121, Florida Statutes. The .
cost of past service credit is estimated to be $102,891;63 which. the
political subdivision agrees to pay in the following manner: $10,289.63 -
~upon execution-of the agreement, the remainder to be .paid in 15 equal
annual installments of $9,849.48, The first oae of said installments
shall be paid~on or befare.June 30, 1976-and a Like installment on each
June 3flth thereafter r:ntil the-total cost is paid. This payfnent includes
6~~ interest compounded annually on the unpaid. balance,
It is further agreed that if an application for retirement benefits ar
request for refund is received based in part an past service pears,
that the total amount. required to pay far that portioa of the earplapees
benefit .based upon said employees past service credit ar the total amount
of payrient for past service credit to bz refunded to said employee,
shall be made from the payment made by said political subdivision and
if the payments of the political subc~iivision are insufficient at the
tiros said benefits or refund are requested or are due to be paid,-the _
political subdivision will be ree~uired to make an additional payment.
sufficient to meet these demands prior to the processing of the request
or warrant. Phis will be applicable until the total past service
liability has been paid. in full. It is understood and agreed that the
.above described method for liquidating past service liability of the ~"
political subdivision does• not greclude payment .in part or in full of
any. amounts prior to the scheduled due dates. -
• This Agreement shall be effective as of the lst dog of October- ,
19 7 5
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Director of the Divi.sian Retirement
G{isa!f•, Secretary a
Village of Tequesta "
Cler Name of Political Subdivision ' -
Bp
(SEAL)
Title Mayor
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` ~~;~ `:~ ~'~ MODIFICATION TO AGREEMEI~;T
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The village of Tequesta, Florida hereby modifies the agreement
established under Ordinance Ito. 228 for membership into.
the Florida Retirement System to correct the total cost
of past service credit after receipt of final certification
of earnings which were estimated and- additional down payment.
The cost of past service after recomputing is $103,485.07s
which the village agrees to pay in the €ollowing manner: The
amount of $81,~fl 8.75 which the state has alrea~3y received and
the remainder to be paid in five (5) equal installments of
$5,264.20 each, the first one of said installments shall be
paid vn or before June 30, 1977, and each June 30th thereafter
until the total cost is paid. This payment includes 6.5 percent:
interest corRpounded annually on the unpaid balance. It is
further agreed that if an application for retirement benefits
or a r~egnest for refund is received based in part on-past
servic® years, that the total amount of payments for past
service credit to be refunded to said employee, shall be made
from the payments wade by said village of Tequesta and if
the payments of-the village are insufficient at the time
said benefits or refunds are requested or are due to be paid,
the village will be required to make an additional payment
sufficient to meet these demands prior to the processing of
the request or warrant. This will ba appli.cable until the
total past service liability has been paid in full, It is
understood and agreed that the above described method for
liquidating the past service liability of the village does not
preclude payment in part or in full of any amounts prior to
the schedules due dates.
This modification shall be effective as of the '1st day of Ootober,
1975, the effective date of the original agreement.
Director o t e D vie n o Retirement
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', Sec tart' a Admire stmt on
a
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CI X '
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V3.llags Of Tequ~9'~a
y
By v~
oma s J . the
Title Mayor
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~_ ~ ° ,,.f .. ~ `' z ~ ~ _ YILLA~E gF TEQUES~A .~
~, , , ~ REJECTION BALLOT
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•I, the undersigned employee or official of the
VILLAGE OF TEQUEST A , a political subdivision of the
State of Florida, vote "NO" in the referendum conducted on the
28thday of Mao - 1975 , understanding that by said vote
I have rejected membership in the Florida Retirement System
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established by Chapter 121., Florida Statutes.- Furthermore, I
understand that having rejected membership, I cannot.participate
in the Florida Retirement System unless I terminate my current
employment-,for at least one calendar month and I am reemployed
as a new employee, whereupon I will be_required.to participate.
in the Florida Retirement.System. ~ ~~
It has been explained to me that under existing State law
my employment during the .rejected period can not be claimed by
me as creditable service under any State retirement system.
I certify that the provisions-and benefits of the Florida
Retirement System have been explained to. me-.and. ,that ~by this
negative vote~I reject all such provisions end benefits~of the
Florida Retirement System including. the following specifically
enumerated benefits: ~~ -
1. Retirement benefits for normal or early retirement.
2. Benefits for disability in-line-of-duty
3. Benefits for disability occuring other than ~.n-line-
of-duty.
4. Death benefits for the survivor in the event of death
- in the line-of-duty ~.
Signature: ~`~LC~.'Z,~th~1 ~,~C'~~'h,
Witness: --~~y,~ ~„G
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Socia Security. Nu er