Title
ORDINANCE NO. 24O-10-153: AN ORDINANCE OF THE CITY OF LAUDERHILL, FLORIDA, AMENDING THE CITY CODE OF ORDINANCES, CHAPTER 2, ADMINISTRATION, ARTICLE II, OFFICERS AND EMPLOYEES, DIVISION 3, RETIREMENT, PART 3 POLICE PENSION PLAN AND TRUST FUND, SECTIONS 2-87.1(c) AND 2-87.1(g), DEFERRED RETIREMENT OPTION PLAN, (DROP); AMENDING SECTION 2-87.2, COST-OF-LIVING ADJUSTMENT; AND AMENDING SECTION 2-87.3, POST RETIREMENT SUPPLEMENT TO ADD A NEW SUBPARAGRAPH (d); TO AMEND THE DROP PLAN IN ACCORDANCE WITH THE COLLECTIVE BARGAINING AGREEMENT AND THE MEMORANDUM OF UNDERSTANDING BETWEEN THE CITY OF LAUDERHILL AND FLORIDA STATE LODGE FRATERNAL ORDER OF POLICE LODGE #161; PROVIDING FOR INCLUSION IN THE CODE; PROVIDING FOR SEVERABILITY; PROVIDING FOR AN EFFECTIVE DATE (REQUESTED BY CITY MANAGER, DESORAE GILES-SMITH).
Body
Request Action:
Amend the City Code of Ordinances Sections 2-87.1(c) & (g), 2-87.2, and 2-87.3 all relative to the Police Deferred Retirement Option Plan in accordance with the Collective Bargaining Agreement and Memorandum of Understanding entered into between the City of Lauderhill and Florida State Lodge Fraternal Order of Police Lodge #161. Due to an amendment to the MOU, a substantive change was required to the ordinance on second reading. As a result, a third reading will be required for this passage of this Ordinance.
Need Summary Explanation/ Background:
To amend the code sections relative to the Police DROP pension plan consistent with the Collective Bargaining Agreement and the Memorandum of Understanding entered into between the City of Lauderhill and Florida State Lodge Fraternal Order of Police Lodge #161.
Cost Summary/ Fiscal Impact:
None
Attachments:
Number all attachments consecutively.
Budget Code Number(s): None.
Procurement Information: [check all that apply]
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