§ 16.02 — Existing plans continued

Section 16.02. - Existing plans continued.

Retirement and pension plans of former governments existing immediately prior to the effective date of this charter shall continue as retirement and pension systems of the consolidated government and all benefits and rights under such plans shall continue unimpaired for the same duration provided in such plans and shall constitute an obligation and liability of the consolidated government. The council may increase rights and benefits under any retirement or pension plan of a former government but may not decrease such rights and benefits. All officers and employees of former governments entitled to benefits under any such plan shall continue to be entitled to such benefits, and for the purpose of all such plans service with the consolidated government shall constitute service under the plans. An officer or employee entitled to benefits under a retirement or pension plan of a former government may elect instead to be covered by the system authorized by section 16.01 but may not be required to make such election. Officers and employees of former governments not covered by existing pension plans on the effective date of this charter who becomes employees of the consolidated government shall not be eligible to enter the plans of the former government but may be eligible for participation in the system authorized by section 16.01, to the extent qualified by the appropriate pension advisory committee.

(Ord. 84-1307-754, § 14; Laws of Fla., Ch. 92-341, § 1)