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 c...
Click here for full text