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File #: 20R-3834    Version: 1 Name: Ord-Police Pension IRS Compliance
Type: Ordinance Status: Passed
File created: 9/3/2020 In control: City Commission Meeting
On agenda: 11/30/2020 Final action:
Title: ORDINANCE NO. 20O-10-145: AN ORDINANCE OF THE CITY OF LAUDERHILL, FLORIDA, AMENDING SECTION 2-88.1, OF THE CITY CODE, ENTITLED COMPLIANCE WITH THE INTERNAL REVENUE CODE; AMENDING SECTION 2-88.6, OF THE CITY CODE, ENTITLED SERVICE RETIREMENT BENEFITS; COST-OF-LIVING-ADJUSTMENTS; PROVIDING FOR INCLUSION IN THE CODE; PROVIDING FOR SEVERABILITY; PROVIDING FOR AN EFFECTIVE DATE (REQUESTED BY CITY MANAGER DESORAE GILES-SMITH).
Attachments: 1. ORD-20O-10-145-Police Pension IRS Compliance.pdf, 2. AR 20O-10-145, 3. study.pdf
Title
ORDINANCE NO. 20O-10-145: AN ORDINANCE OF THE CITY OF LAUDERHILL, FLORIDA, AMENDING SECTION 2-88.1, OF THE CITY CODE, ENTITLED COMPLIANCE WITH THE INTERNAL REVENUE CODE; AMENDING SECTION 2-88.6, OF THE CITY CODE, ENTITLED SERVICE RETIREMENT BENEFITS; COST-OF-LIVING-ADJUSTMENTS; 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 City Code Section 2-88.1 and 2-88.6 of the IRS Code regarding cost-of-living adjustments.

Need:
To adjust the city code regarding cost-of-living adjustments

Summary Explanation/ Background:
Amend the various city code sections per the Pension Attorney requests to cost-of-living adjustments.

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 sig...

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