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File #: 19R-3446    Version: 1 Name: Fire COLA Drop Pension
Type: Ordinance Status: Passed
File created: 9/19/2019 In control: City Commission Meeting
On agenda: 12/9/2019 Final action:
Title: ORDINANCE NO. 19O-10-141: AN ORDINANCE OF THE CITY OF LAUDERHILL, FLORIDA, AMENDING THE CITY CODE BY AMENDING CHAPTER 2, ADMINISTRATION, ARTICLE II, OFFICERS AND EMPLOYEES, DIVISION 3, RETIREMENT, PART 1, “FIREFIGHTERS PENSION FUND,” AMENDING SECTION 2-41 “DEFINITIONS”; AMENDING SECTION 2-42 “MEMBERSHIP”; AMENDING 2-43 “RETIREMENT DATES AND BENEFITS”; AMENDING 2-49 “CONTRIBUTIONS”; AND AMENDING SECTION 2-54 “DEFERRED RETIREMENT OPTION PLAN (DROP)”; PROVIDING FOR SEVERABILITY; PROVIDING FOR INCLUSION IN THE CODE; PROVIDING FOR AN EFFECTIVE DATE (REQUESTED BY CITY MANAGER, CHARLES FARANDA).
Attachments: 1. ORD-19O-10-141-Fire COLA Pension Ordinance- Third Reading FINAL.pdf, 2. AR 19O-10-141, 3. Memo to Commission Re Fire COLA pension.pdf

Title

ORDINANCE NO. 19O-10-141: AN ORDINANCE OF THE CITY OF LAUDERHILL, FLORIDA, AMENDING THE CITY CODE BY AMENDING CHAPTER 2, ADMINISTRATION, ARTICLE II, OFFICERS AND EMPLOYEES,  DIVISION 3, RETIREMENT, PART 1, “FIREFIGHTERS PENSION FUND,” AMENDING SECTION 2-41 “DEFINITIONS”;  AMENDING SECTION 2-42 “MEMBERSHIP”; AMENDING 2-43 “RETIREMENT DATES AND BENEFITS”; AMENDING 2-49 “CONTRIBUTIONS”; AND AMENDING SECTION 2-54 “DEFERRED RETIREMENT OPTION PLAN (DROP)”; PROVIDING FOR SEVERABILITY; PROVIDING FOR INCLUSION IN THE CODE;  PROVIDING FOR AN EFFECTIVE DATE (REQUESTED BY CITY MANAGER, CHARLES FARANDA).

 

Body

Request Action:

To update changes to the Fire Pension Plan

 

Need:

Why is there a need for this action?

 

Summary Explanation/ Background:

It is recommended that the City Commission adopt the enclosed ordinance, which amends the City’s Firefighters Retirement Trust (the “Trust”) to effectuate changes provided for in the collective bargaining agreement between the City and the Metro Professional Firefighters, Local 3080 (the “Union”), in effect from October 1, 2018 through September 30, 2021 (the “Agreement”), and to address any retirement status changes occurring between the approval of the Agreement through the final approval of this ordinance.

 

 

Attachments:

Number all attachments consecutively.

 

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

 

Goal 4: Growing Local Economy, Employment and Quality of Commercial Areas

[  ] Increase commercial tax base  [  ] Increase employment in Lauderhill businesses

[  ] Decrease noxious and blighted uses in commercial areas

 

Goal 5: Quality Housing at all Price Ranges and Attractive Communities

[  ] Neighborhood signs and active HOAs  [  ] Housing & streets improved, litter reduced

[  ] Increase proportion of single family homes and owner occupied housing

 

Goal 6: Efficient and Effective City Government, Customer Focused & Values Diversity

[  ] Improves City efficiency  [  ] Increase use of Information Technology

[  ] Increases residents perception of Lauderhill as an excellent place to live