Fort Walton Beach Resolution — 86-42 - Police Fund- Reentry Chief Keeler — reading text

City of Fort Walton Beach HOME OF THE c; 7'~ Y~<:: 86- 42 A RESOLUTION BY THE CITY COUNCIL FOR THE CITY OF FORT WALTON BEACH, FLORIDA, AUTHORIZING REENTERY INTO THE POLICE OFFICERS' RETIREMENT FUND BY POLICE CHIEF CHARLES KEELER; DIRECTING ADMINISTRATIVE PERSONNEL TO INFORM ALL FUTURE TERMINATING EMPLOYEES OF THEIR RETIREMENT FUND RIGHTS, WHERE ANY ACCRUED RIGHT UNDER SAID RETIREMENT PLAN EXISTS; AND PROVIDING THE EFFECTIVE DATE HEREOF. WHEREAS, theCity of Fort Walton Beach Police Chief Charles E. Keeler was initially employed by the City Police D~ partment on May 10, 1973 and resigned on July 9, 1981, a period of 8. 1644 years, and WHEREAS, Chief Keeler had at least two years military service prior to entering employment with the City of Fort Walton Beach, and WHEREAS, Chief Keeler was eligible for a deferred accrued benefit at his normal retirement age ( 60) pursuant to Chapter 17, Article IV, Section l7~49 Codified Ordinances of the City of Fort Walton Beach, and WHEREAS, the above referenced Section provides that a terminating employee, " Shall have the one option of receiving a sum payment as . . . defined in this Section or may defer, at his sole discretion, the receipt of any benefits until his sixtieth birthday" as calculated by Section 17- 46, and WHEREAS, Chief Keeler was not informed of his right to defer benefits pursuant to this provision ( 17- 49), and WHEREAS, a substantial risk exists that terminating employees in the future will be likewise uninformed of their retirement benefit options unless administrative personnel are directed to give such instruction, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THg CITY OF FORT WALTON BEACH, FLORIDA: SECTION I. That Charles E. Keeler, Chief of Police for the City of Fort Walton Beach, shall hereby be reinstated to the Police Officers' Retirement Fund with credit for the above described past service upon refUnd of all sums withdrawn at his resignation in 1981. SECTION City administrative personnel are hereby II. That directed to instruct all terminating employees who have accrued retirement benefits availabl~ of their options to receive a lump sum payment or to defer, at their discretion, the receipt of all benefits until the normal retirement date.  SECTION III. This resolution shall take effect immediately upon approval by this Council and signature by the Mayor. ADOPTED~~ A b t~ MAYOR.:, i ,.. --, tk~ /' iL.?. J ~ -/ ATTEST: C~ RKC ~ The form and legal sufficiency of the foregoing has been reviewed O~ ity Att= Vincent M. Bruner 2;; lty Attorney