Title
ORDINANCE NO. 25O-08-124: AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF LAUDERHILL, FLORIDA, AMENDING THE CITY OF LAUDERHILL CODE OF ORDINANCES, CHAPTER 2, “ADMINISTRATION”, ARTICLE II, “OFFICERS AND EMPLOYEES”, DIVISION 3, “RETIREMENT”, PART 3, “POLICE PENSION PLAN AND TRUST FUND”, BY AMENDING SECTION 2-75 “DEFINITIONS” RELATING TO THE DEFINITION OF TIER TWO; PROVIDING FOR CONFLICTS, CODIFICATION AND SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE.
Body
Request Action:
Update definition of Tier Two, with regard to Police Officers Retirement Plan, to reflect previously approved changes to retirement eligibility.
Need Summary Explanation/ Background:
Changes were previously made to the Police Officers Retirement plan, regarding retirement eligibility. At the time of those changes, the definition of Tier Two was not changed. Updates to the definitions should be made at this time.
Cost Summary/ Fiscal Impact:
None
Attachments:
1. Ordinance
2. Actuarial Impact Statement
Budget Code Number(s): __________________________________
Procurement Information: [check all that apply]
[ ] RFP/Bid [ ] Emergency Purchase [ ] SBE
[ ] Proposal/Quote [ ] State Grant Funds [ ] Local Preference
[ ] Piggyback Contract [ ] Federal Grant Funds
[ ] Sole Source [ ] Matching Required