REVISED PAGE Exhibit7 7/6/2021  law, or an amount equal tot thaty which the County would! have paidt tot thel Floridal Retirement System had such Firefighters beene enrolledi int thats system. The City agreest tof fundt the CityofOkeechobee Municipal Firefighters' Pension Fundo on August2,2021, tot thel level required tor make the Fund actuariallys sound as ofAugust2 2, 2021, andt tor make appropriate payment(s)int thef future, as long ast there are participants, in ordert tor maintain the actuarials soundness oft theF Funds shouldt the County'sr required contribution pursuantto the Interlocal Agreement, not be sufficient to meet the requirement for actuarial soundness. The aforementioned 'required annual contribution" willb be! based on thel level of benefits on August2,2 2021,or thel levelof! benefiti inasubsequenty year, whicheveri isl less. Nothingh hereins shall prevent thet terminationof the Okeechobee Municipal Firefighters' PensionF Fund,a asa allowed! byFlorida Statutes, as amended. IFthe Floridal Retirement Systemi increasesb benefits providedtos special risk members ofthats system, the Cityand County agreet tor review this Section. Members who electt to continue participatingi int this Systemf following theire employment! byt the Countyshall continue making employee contributions ina accordancer with Section 2. Ther required contribution of both! Member contributions andt the Countyo contributions shallb bet transferred bythe Countyt tot the Cityb byv wire or otherwise as provided in Section 5. The City agrees tot transfert tot the Systemb byy wire or otherwise deposit thei funds receivedf from the Countyy withino onel business dayf fromt the 3. The Board ofl Trustees shall remain responsiblef for administrationofthe: System andt the Citys shallo continue tohavet the authority tor make plan amendments andi improvements. The System shall ber responsible to make pension! benefits payablet to all current andf future Retirees from the System, including Firefighters who elect to continue participating inf this System following their employment byt the County. 4. Any Firefighter electingt toremaini int the Systemr may continue membershipi int the System until Retirement. Upon termination of County employment and Retirement from the System, a Firefighter may be reemployed byt the Countya and! become amember oft the Floridal Retirement System, subjecttot therulesof *5. Int the event a Firefighter withl lesst thant ten (10)y years of Credited Servicei int the Systeme elects toj joint the Florida Retirement System upone employment by the County.such Firefighter shall recevearelundofns Accumulated Contributions from the System upon completion oft ther necessary forms. *6. Int the event a Firefighter witht ten (10) orr more years of Credited Service in the System electst toj join the Floridal Retirement System upon employment! byt the Countys such Firefighter maye eitherr receive adeferred earlyorn normal retirement benefit fromt the System upon attaining eligibilityf for such benefit, orr receivea  dayi itis received from the County.  the County and Florida Retirement System.  refund of his Accumulated Contributions from the System.  dm/OKFIRE/04-2-21.ord.rev06-1-21  Languages strickent tobed deleted Language underlined tobea added  Ordinancel No. 1229, Page 330f33