Title
ORDINANCE NO. 19O-06-109: AN ORDINANCE OF THE CITY OF LAUDERHILL, FLORIDA, AMENDING THE CITY OF LAUDERHILL CODE OF ORDINANCE, CHAPTER 2, ADMINISTRATION, ARTICLE II, OFFICERS AND EMPLOYEES, DIVISION 3, RETIREMENT, PART 3, POLICE PENSION PLAN AND TRUST FUND, BY AMENDING SECTION 2-84, COMPLIANCE WITH THE INTERNAL REVENUE CODE, TO ALLOW FOR IN-SERVICE DISTRIBUTIONS FOR QUALIFYING PART-TIME RESERVE OFFICERS; PROVIDING FOR SEVERABILITY; PROVIDING FOR INCLUSION IN THE CODE; PROVIDING FOR AN EFFECTIVE DATE (REQUESTED BY CITY MANAGER, CHARLES FARANDA).
Body
Request Action:
Pass an ordinance to provide language relating to in-service distributions for retired members assigned as part-time reserve officers which would only apply if the member earns more than 20% of the pre-retirement pay.
Need:
To amend the pension ordinance to allow for in-service distributions for retirees who are assigned as part-time reserve officers if their earnings reach a certain level.
Summary Explanation/ Background:
The City of Lauderhill has a reserve officer program. If a retiree is assigned to the reserve officer program and their earnings exceed 20% of their pre-retirement pay then this provision allows for in-service distributions to the qualifying retired member.
Attachments:
None.
Cost Summary/ Fiscal Impact:
Include projected cost, approved budget amount and account number, source of funds, and any future funding requirements
Estimated Time for Presentation:
Master Plan:
Goal 1: Clean, Green Sustainable Environment
[ ] Increase mass transit ridership [ ] Reduce City energy consumption
[ ] Reduce water consumption
Goal 2: Safe and Secure City of Lauderhill
[ ] Crime in lower 50% in Broward [ ] Residents feel safe in neighborhood
[ ] Reduce emergency fatalities
Goal 3: Open Spaces and Active Lifestyle for all ages
[ ] Increase participation in youth sports [ ] Add new park land and amenities
[ ] Increase attendance at cultural programs and classes
...
Click here for full text