Title
ORDINANCE NO. 25O-02-108: 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 2, GENERAL EMPLOYEES PENSION FUND, SECTION 2-63, RETIREMENT DATES AND BENEFITS; AMENDING SECTION 2-73, DEFERRED RETIREMENT OPTION PLAN; PROVIDING FOR CONFLICTS, CODIFICATION AND SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE.
Body
Request Action:
Your approval is being requested of the attached Ordinance, which aligns with the collective bargaining agreement reached with Teamsters Local 769 (“Union”). This Ordinance ensures that all Union members are eligible for the Deferred Retirement Option Plan (DROP) and allows Tier One Members to retire after completing 20 years of service, regardless of age. The proposed change will be effective retroactively from October 1, 2024.
Need Summary Explanation/ Background:
This Ordinance is crucial to uphold our commitments made during collective bargaining and to provide our dedicated employees with the retirement benefits we agreed to.
Cost Summary/ Fiscal Impact:
Attachments:
Two (2)
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