Title
ORDINANCE NO. 20O-01-104: AN ORDINANCE OF THE CITY OF LAUDERHILL, FLORIDA, AMENDING THE CITY OF LAUDERHILL CODE OF ORDINANCES, CHAPTER 2 - ADMINISTRATION, ARTICLE II - OFFICERS & EMPLOYEES, DIVISION 3 - RETIREMENT, PART 4 - SENIOR MANAGEMENT PENSION PLAN AND TRUST FUND TO AMEND THE CONFIDENTIAL AND MANAGERIAL EMPLOYEES’ DEFINED BENEFIT RETIREMENT PLAN; AMENDING SECTION 2-88.15 DEFERRED RETIREMENT OPTION PLAN TO ALLOW EMPLOYEES IN CERTAIN POSITIONS TO CONTINUE CITY EMPLOYMENT AT THE CONCLUSION OF DROP PARTICIPATION; PROVIDING FOR CODIFICATION; PROVIDING FOR SEVERABILITY; PROVIDING FOR AN EFFECTIVE DATE (REQUESTED BY CITY MANAGER, CHARLES FARANDA).
Body
Request Action:
Pass an Ordinance to amend the DROP plan for Senior Management Confidential Management Pension Plan to allow employees in certain positions to continue city employment at the conclusion of DROP participation.
Need:
To amend the Senior Management Confidential Managment Pension Plan regarding DROP
Summary Explanation/ Background:
To amend the Senior Management - Confidential and Managerial Employees DROP plan to allow employees in certain positions to continue city employment at the conclusion of DROP participation. This would apply only to the City Manager, Deputy City Manager, Assistant City Manager and Department Directors. This provision currently already exists in the Police and Fire Pension Ordinances, but does not exist in the Confidential/Managerial Plan 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
[ ...
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