Ordinance No. 1080-2015

ORDINANCE NO. 1080 — 2015

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF MIAMI SPRINGS AMENDINGTHE FOLLOWING DELINEATED CODE SECTIONS CONTAINED IN "THE MIAMI SPRINGS RETIREMENT ORDINANCE" IN ORDER TO COMPLY WITH THE PROVISIONS OF THE INTERNAL REVENUE CODE; BY PROVIDING ADDITIONAL DEFINITIONS IN CODE SECTION 35-04, DEFINITIONS; SUPPLEMENTING THE PROVISIONS CONTAINED IN CODE SECTION 35-18, MILITARY SERVICE CREDIT; BY CORRECTING CERTAIN LANGUAGE AND PROVIDING AN ADDITIONAL PROVISION IN CODE SECTION 35-20, NORMAL RETIRMENT; BY REVISING AND SUPPLEMENTING PROVISIONS CONTAINED IN CODE SECTION 35-30.1, LIMITATION ON BENEFITS; BY SUBSTANTIALLY MODIFYING AND UPDATING PROVISIONS CONTAINED IN CODE SECTION 35-30.2, DISTRIBUTIONS IN PLAN YEARS BEGINNING AFTER DECEMBER 3, 1984; BY CREATING NEW CODE OF ORDINANCE SECTION 35-30.4, MISCELLANEOUS; BY SUPPLEMENTING AND FURTHER EXPLAINING PROVISIONS CONTAINED IN CODE SECTION 35-46, DIRECT TRANSFERS OF ELIGIBLE ROLLOVER DISTRIBUTIONS; REPEALING ALL ORDINANCES OR PARTS OF ORDINANCES IN CONFLICT; EFFECTIVE DATE