Ord 22-13ORDINANCE NO. 22-13
AN ORDINANCE OF THE CITY COMIviISSION OF THE CITY OF
DELRAY BEACH, FLORIDA, AMENDING CHAPTER 35, "EMPLOYEE
POLICIES AND BENEFITS ", SECTION 35.095, "CONTRIBUTIONS OF
PARTICIPANT AND CITY ", SUBSECTION (A), "PARTICIPANT'S
CONTRIBUTION ACCOUNT', TO CLARIFY WHEN
CONTRIBUTIONS SHALL CEASE; PROVIDING A SAVING CLAUSE,
A GENERAL REPEALER CLAUSE, AND AN EFFECTIVE DATE.
WHEREAS, employees who belong to the general employee pension plan are cu rently required to
make contributions to the plan regardless of the employees years of service; and
WHEREAS, the City Commission has determined that employees who belong to the general
employees pension plan shall cease making contributions to the plan once the employee has obtained 30 years
of credited service; and
WHEREAS, this Ordinance shall apply to those employees who reached 30 years of credited service on
or after October 1, 2010.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF
DELRAY BEACH, FLORIDA, AS FOLLOWS:
Section 1. That Chapter 35, "Employee Policies and Benefits ", Section 35.095, "Contributions of
Participant and City", Subsection (A) "Participant's Contribution Account", of the Code of Ordinances of the
City of Delray Beach is hereby amended to read as follows:
(A) Participant's Contribyaion Account.
(1) ZTax- Deferred Contributzons.] For the purpose of this Section "Participant's Contribution
Account" will consist of tax deferred participant contributions. Effective the first pay
period beginning on or after October 1, 1989, employee contributions will be picked up
by the City and shall be treated as employer contributions for tax purposes. However,
for all purposes of determining benefits under the plan, they will be considered
participant contributions.
(2) Participants' Contributions. Each participant will contribute toward the cost of the plan
an amount equal to three (3) percent of the first four thousand eight hundred dollars
($4,800.00) of his basic annual compensation, and six (6) percent of basic annual
compensation in excess of four thousand eight hundred dollars ($4,$00.00) until the
beginning of the first pay period after September 25, 1984. Beginning with the first pay
period after September 25, 1984, each participant will contribute toward the cost of the
plan an amount equal to six (6) percent of basic compensation. Effective as of the first
pay period beginning on or after October 1, 1989, participant contributions will be
equal to four and one -half (41/2) percent of basic compensation on a tax- deferred basis.
Beginning with the first pay period after September 1, 1999, participants shall not be
required to contribute to the plan, except those participants described in paragraph (4)
of this Section. Beginning with the first pay period after September 30, 2003,
participants who are not included in the bargaining unit specified in paragraph (4) shall
contribute two (2) percent of basic compensation. Beginning with the first pay period
after November 1, 2004, participants who are not included in the bargaining unit
specified in Paragraph (4) shall contribute two and one -half percent (2.5 %) of basic
compensation. Beginning with the first pay period after October 6, 2010, participants
who are not included in a bargaining unit shall contribute three and five one - hundredths
percent (3.05 %) of basic compensation.
(3) [Total Benefits Payable.] Anything in the plan to the contrary notwithstanding, the total
benefits payable under the plan to, or with respect to, a participant shall not be less than
the benefits that can be provided by the participant's contributions, and further
provided, if a participant, who is terminated, elects to withdraw participant
contributions, the participant will be entitled to the return of participant contributions
with interest, in lieu of all other benefits payable under the plan. Effective September 1,
1999, if a participant has ten (10) or more years of credited service under the plan a
noncompounded simple interest rate of five (5) percent per year shall be applied to the
principal balance of the participant's contribution as accrued on December 31 of each
year. Effective September 1, 1999, if a participant has less than ten. (10) years of credited
service under die plan a noncompounded simple interest rate of three (3) percent shall
be applied to the principal balance of the participant`s contribution as accrued on
December 31 of each year. Participant contributions cannot be withdrawn while a
participant remains in the employ of the City or after the payment of benefits under the
plan has commenced.
(4) Applicability to Bargaining Unit Employees. Participants who are members of the
bargaining unit represented by the National Conference of Firemen and Oilers shall not
be requited to contribute to the plan unless a written actuarial valuation indicates that
contributions are required to properly fund the plan in an actuarially sound manner. If
an actuary selected by the Retirement Committee deters ines that additional
contributions are requited to properly fund the plan, the City and bargaining unit
members shall equally share such contributions on a percentage of payroll basis; provide
that no member shall be required to contribute more than four and one -half (41 /a)
percent of basic compensation unless the City and union agree to a greater participant
2 ORD NO. 22 -13
contribution. Notwithstanding the foregoing, effective November 13, 2004, employees
who are members of the bargaining unit represented by the National. Conference of
Firemen and Oilers shall contribute two and one -half (2/2) percent of their gross pay to
fund the City's defined benefit pension plan. If an actuary selected by the Pension Board
detenntnes that additional monies are required to properly fund the plan, employees
shall contribute at the same rate as all other nonrepresented employees who are
members of the defined benefit pension plan. However, in no event shall employees
contribute less. than two and one -half (21/2) percent nor more than four and one -half
(41 /2) percent of their gross pay, unless the union and the City bargain for a lesser or
greater percentage. Notwithstanding the foregoing, employees who are included in a
bargaining unit shall contribute three and five one- hundredths (3.05) percent of basic
compensation upon implementation of this change through the collective bargaining
Process.
(5) Effective September 24, 2010, each participant shall continue to contribute to the plan
until the earliest to occur of the following dates:
(a) Date the participant retires under the plan.
Date of death of the participant.
Date of termination of the participant's employment with the City.
(d) Date the particitant attains thir1y(30)years of credited service under the plan. Any
participant who attained thirty (30) years of credited service under the plan on or
after September 24 2010 shall receive a refund of participant contributions for the
period co�mmericing on the date the member attained thirty (30) years of credited
service.
Section 2. That should any section or provision of this ordinance or any portion thereof, any
paragraph, sentence, or word be declared by a court of competent jurisdiction to be invalid, such decision shall
not affect the validity of the remainder hereof as a whole or part thereof other than the part declared to be
invalid.
Section 3. That all ordinances or parts of ordinances in conflict herewith be, and the same are
hereby repealed.
Section 4. That this ordinance shall become effective immediately upon its passage on second and
final reading, except as otherwise specifically provided herein.
PASS D AND ADOPTED in regular session on second and final reading on this the day of
k 2013.
3 ORD NO. 22 -13
YOR
ATTEST:
City Clerk
First Reading
Second Reading
ORD NO. 22 -13
E6 PALMBEACHPOST.COM I REAL NEWS STARTS HERE THE PALM BEACH POST
CITY OF DELRAY BEACH, FLORIDA
NOTICE OF PUBLIC HEARING
A PUBLIC HEARING will be held on the
following proposed ordinances on
SEPTEMBER 17, 2013 at 7:00 p.m, or
at any continuation of such meeting .
which is set by the Comrission); in
the Commission Chambers, 1.00 N.W.
1st Avenue, Defray Beach, Florida at
which time the City Commfssion will
consider theif adoption. The proposed
ordinances may be inspected at the
Office of the City Clerk at City Half,
100 N.W. list Avenue, Delray Beach, .
Florida, between B:00 a.m. and 5:00
p.m.; Monday through Friday, except
holidays, Interested parties are invited
to attend and be heard with respect to
the proposed ordinances.
ORDINANCE NO. 19 -13
AN ORDINANCE OF THE CITY
COMMISSION OF THE CITY OF DELRAY
BEACH, FLORIDA, AMENDING THE
LAND DEVELOPMENT REGULATIONS
OF. THE CODE OF ORDINANCES,
BY AMENDING SECTION 2.2.4,
"THE BOARD OF ADJUSTMENT ",
SUBSECTION B, "COMPOSITION ",
TO MODIFY THE BOARD, MEMBER
REQUIREMENTS FOR THE BOARD OF
ADJUSTMENT, PROVIDING A SAVING
CLAUSE, A GENERAL REPEALER
CLAUSE, AND AN EFFECTIVE DATE.
ORDINANCE NO. 20-13 -
AN ORDINANCE OF THE CITY
COMMISSION OF THE CITY OF DELRAY
BEACH,' FLORIDA,' AMENDING THE
LAND DEVELOPMENT REGULATIONS
OF THE CODE OF ORDINANCES, BY
AMENDING SECTION 2.2.2, "THE
PLANNING AND ZONING BOARD ",
SUBSECTION C, '-COMPOSITION",
TO MODIFY THE BOARD MEMBER
REQUIREMENTS -FOR THE PLANNING
AND ZONING BOARD, PROVIDING
A SAVING CLAUSE, A GENERAL -
REPEALER (fLAUSE, AND AN EFFECTIVE
DATE.
ORDINANCE NO. 21 -13
AN ORDINANCE Of THE CITY
COMMISSION OF THE CITY OF DELRAY
BEACH, FLORIDA, AMENDING THE
LAND DEVELOPMENT REGULATICVNS
OF THE. CODE OF ORDINANCES,
BY AMENDING ART)CLE 8.1, "THE.
COMMUNITY REDEVELOPMENT
AGENCY, SECTION ,8.1.1,
"COMMUNITY REDEVELOPMENT
AGENCY ", SUBSECTION (B),
LQgal Notices
(561) 820-4343 1 FRIDAY, SEPTEMBER 6, [U13
"MEMBERS ", TO PROVIDE THAT THE
APPOINTMENTS FOR CHAIR AND VICE -
CHAIR SHALL OCCUR ON AN ANNUAL
BASIS; PROVIDING A SAVING CLAUSE,
A GENERAL REPEALER CLAUSE, AND
AN EFFECTIVE DATE. -
ORDINANCE NO. 22-13
.'AN ORDINANCE OF THE CITY
COMMISSION OF THE CITY OF DELRAY
BEACH; FLORIDA, AMENDING
CHAPTER 35; "EMPLOYEE POLICIES
AND BENEFITS ", SECTION 35:095,
"CONTRIBUTIONS OF PARTICIPANT
AND_ CITY ", SUBSECTION (A),
"PARTICIPANT'S CONTRIBUTION
ACCOUNT ", TO' CLARIFY' WHEN
CONTRIBUTIONS SHALL CEASE;
PROVfDING A SAVING CLAUSE, A
GENERAL REPEALER CLAUSE,-AND AN
EFFECTIVE, DATE,
ORDINANCE NO. 23. -13'
AN ORDINANCE OF THE CITY
COMMISSION OF THE CITY OF DELRAY
BEACH, FLORIDA, AMENDING
CHAPTER 35, "EMPLOYEE POLICIES
AND BENEFITS ", SECTION, "35.105,
"ADMINISTRATION BY RETIREMENT
COMMITTEE' ", SUBSECTION
(C )-, "ACTION BY COMMITTEE "_,
SUBSECTION (G) "IACTUARY ’S
RESPONSIBILITIES) ", TO- ALLOW
YHE RETIREMENT COMMITTEE TO
CONTRACT DIRECTLY WITH THE
ACTUARY; PROVIDING SAVING
CLAUSE, A GENERAL REPEALER
CLAUSE, AND AN EFFECTIVE DATE.
ORDINANCE NO. 25 -13
AN ORDINANCE OF THE CITY
COMMISSION OF THE CITY
OF DELRAY BEACH, FLORIDA,
'AMENDING CHAPTER 51, "GARBAGE
AND TRASH", OF THE CODE OF
ORDINANCES OF THE CITY OF DELRAY
BEACH, BY AMENDING SECTION
51.70, "REGULAR CHARGES LEVIED",
TO PROVIDE FOR INCREASED
RESIDENTIAL AND COMMERCIAL
COLLECTION SERVICE RATE5 FOR
FY +2014; PROVIDING A GENERAL
REPEALER CLAUSE, A SAVING CLAUSE,
AN DAN EFFECTIVE DATE.
Please be advised that if a person
decides to appeal any decision made
by-the City Commission with respect to
any matter considered atthis hearing,
such person may need to ensure
that a verbatim record includes the
testimony and evidence upo_ n which
the appeal is-to be based. The City
does not provide nor prepare such
record pursuant to F.S. 286.0105. -
.CITY OF DELRAY BEACH
Chevelle D. Ni MMC
City Clerk
PUB; The Pafm Beach Post
9- 612013 #120301
RS Gabriel Roeder Smith & Company One East Broward Blvd. 954.527.1616 phone
Consultants & Actuaries Suite 505 954.525.0083 fax
Ft. Lauderdale, FL 33301 -1804 www.gabrielroeder.com
September 13, 2013
Ms. Karen Schell
Pension Administrator
City of Delray Beach
100 Northwest 1 st Avenue
Delray Beach, Florida 33444
Re: City of Delray Beach General Employees' Retirement Plan
Dear Karen:
As requested, we have prepared the enclosed Actuarial Impact Statement for proposed Ordinance No. 22 -13
which would amend the Plan by ceasing member contributions when members attain 30 years of credited
service. This change would apply to active members who attain 30 years of credited service after the effective
date of the proposed change. Additionally, any member who attained 30 years of service on or after September
24, 2010 will receive a refund of their member contributions starting on the date they attained 30 years of
service.
The Statement must be filed with the Division of Retirement before the final public hearing on the ordinance.
Please have a member of the Board of Trustees sign the Statement. Then send the Statement along with a copy
of the proposed ordinance to Tallahassee.
Summary of Findings
• The required employer contribution in the first year would increase by $9,759, from $2,084,010 to
$2,093,769.
• The ultimate cost of the proposed change for all current active members is measured by the change
in the Actuarial Present Value of Projected Member Contributions. The Actuarial Present Value of
Projected Member Contributions would decrease by $184,860. This assumes all of our actuarial
assumptions are met each year. This difference would be funded by additional City contributions
over time.
• We have reflected a refund of approximately $11,000 of contributions to employees who have
attained 30 years of service and contributed to the Plan after September 24, 2010.
• The Plan's funded ratio (assets divided by actuarial accrued liability) would remain the same.
Other Cost Considerations
■ As of October 1, 2012 the Actuarial Value of Assets exceeds the Market Value of Assets by
approximately $2,000,000. This difference will be gradually recognized over the next several years. In
turn, the computed employer contribution rate will increase by approximately 1% of covered payroll in
the absence of offsetting gains.
Additional Disclosures
This report was prepared at the request of the Board and is intended for use by the Retirement System and
those designated or approved by the Board. This report may be provided to parties other than the Board only
in its entirety and only with the permission of the Board.
Additional Information for Item 10.G.
Ms. Karen Schell
September 13, 2013
Page 2
The purpose of this report is to describe the financial effect of the proposed plan changes. This report should
not be relied on for any purpose other than the purpose described above.
The calculations in this report are based upon information furnished by the Plan Administrator for the
October 1, 2012 Actuarial Valuation concerning Plan benefits, financial transactions, plan provisions and
active members, terminated members, retirees and beneficiaries. We reviewed this information for internal
and year -to -year consistency, but did not otherwise audit the data. We are not responsible for the accuracy or
completeness of the information provided by the City or Plan Administrator.
The calculations are based upon assumptions regarding future events, which may or may not materialize.
They are also based on the assumptions, methods, and plan provisions outlined in this report. Future
actuarial measurements may differ significantly from the current measurements presented in this report due
to such factors as the following: plan experience differing from that anticipated by the economic or
demographic assumptions; changes in economic or demographic assumptions; increases or decreases
expected as part of the natural operation of the methodology used for these measurements (such as the end of
an amortization period or additional cost or contribution requirements based on the plan's funded status); and
changes in plan provisions or applicable law. If you have reason to believe that the assumptions that were
used are unreasonable, that the plan provisions are incorrectly described, that important plan provisions
relevant to this proposal are not described, or that conditions have changed since the calculations were made,
you should contact the author of the report prior to relying on information in the report.
The undersigned actuaries are members of the American Academy of Actuaries and meet the Qualification
Standards of the American Academy of Actuaries to render the actuarial opinions contained herein. The
undersigned actuaries are independent of the plan sponsor.
This report has been prepared by actuaries who have substantial experience valuing public employee
retirement systems. To the best of our knowledge the information contained in this report is accurate and
fairly presents the actuarial position of the Plan as of the valuation date. All calculations have been made in
conformity with generally accepted actuarial principles and practices, and with the Actuarial Standards of
Practice issued by the Actuarial Standards Board and with applicable statutes.
Respectfully submitted,
-y in , AAA Trisha Amrose, MAAA
fled Actuary No. 11 -65 99 Enrolled Actuary No. 11 -8010
Enclosures
Gabriel Roeder Smith & Con Additional Information for Item 10.G.
CITY OF DELRAY BEACH GENERAL EMPLOYEES' RETIREMENT PLAN
Impact Statement — September 13, 2013
Description of Amendments
The proposed ordinance would amend the Plan by ceasing member contributions when members attain 30 years
of credited service. This change would apply to active members who attain 30 years of credited service after
the effective date of the proposed change and active members who had attained 30 years of credited service
retroactive to 2010.
Funding Implications of Amendment
An actuarial cost estimate is attached.
Certification of Administrator
I believe the amendment to be in compliance with Part VII, Chapter 112, Florida Statutes and Section 14,
Article X of the Constitution of the State of Florida.
For the Board of Trustees
as Plan Administrator
Additional Information for Item 10.G.
Plan
SUPPLEMENTAL ACTUARIAL VALUATION REPORT
City of Delray Beach General Employees' Retirement Plan
Valuation Date
October 1, 2012
Date of Report
September 13, 2013
Report Requested by
Board of Trustees
Prepared by
Jeffrey Amrose
Group Valued
All active and inactive members of the Plan.
Benefit Provisions Being Considered for Change
Present Provision Before Change
Member contributions do not cease upon attainment of 30 years of credited service.
Proposed Change
Member contributions would cease upon attainment of 30 years of credited service.
Participants Affected
Active members who attain 30 years of credited service after the effective date of the proposed change
and active members who had attained 30 years of credited service retroactive to 2010.
Actuarial Assumptions and Methods
Same as October 1, 2012 Actuarial Valuation Report with no exceptions.
Some of the key assumptions /methods are:
Investment Return 7.25%
Salary Increase 4.4% to 7.2% per year, based on service (salary increases are lowered to 2%
for each of the next three years)
Cost Method Entry Age Normal
Amortization Period for Any Change in Actuarial Accrued Liability
N/A
Summary of Data Used in Report
See attached page. The calculations are based on the data used for the October 1, 2012 Actuarial
Valuation Report.
Actuarial Impact of Proposal(s)
See attached page(s)
Additional Information for Item 10.G.
Special Risks Involved with the Proposal That the Plan Has Not Been Exposed to Previously
None
Other Cost Considerations
As of October 1, 2012 the Actuarial Value of Assets exceeds the Market Value of Assets by
approximately $2,000,000. This difference will be gradually recognized over the next several years. In
turn, the computed employer contribution rate will increase by approximately 1% of covered payroll in
the absence of offsetting gains.
Additional Information for Item 10.G.
ANNUAL REQUIRED CONTRIBUTION (ARC)
A. Valuation Date
October 1, 2012
October 1, 2012
Change
Valuation
Proposed
from Baseline
Change
B. ARC to Be Paid During
Fiscal Year Ending
9/30/2014
9/30/2014
C. Assumed Date of Employer Contrib.
12/31/2013
12/31/2013
D. Annual Payment to Amortize
Unfunded Actuarial Liability
$ 124,490
$ 125,390
$ 900
E. Employer Normal Cost
1,784,937
1,792,979
8,042
F. ARC if Paid on the Valuation
Date: D+E
1,909,427
1,918,369
8,942
G. ARC if Paid on the First Day of
the Next Fiscal Year
2,047,860
2,057,451
9,591
H. ARC if Paid on December 31
2,084,010
2,093,769
9,759
I. ARC as % of Covered Payroll*
12.30 %
12.36 %
0.06 %
J. Assumed Rate of Increase in Covered
Payroll to Contribution Year
0.00 %
0.00 %
0.00 %
K. Covered Payroll for Contribution Year
16,937,526
16,937,526
0
L. ARC for Contribution Year: I x K*
2,084,010
2,093,769
9,759
M. REC. as % of Covered
Payroll in Contribution Year: L _ K*
12.30 %
12.36 %
0.06 %
* Assuming the contribution is paid on the date in item C.
Additional Information for Item 10.G.
ACTUARIAL VALUE OF BENEFITS AND ASSETS
A. Valuation Date
October 1, 2012
October 1, 2012
Change
Valuation
Proposed
from Baseline
Change
B. Actuarial Present Value of All Projected
Benefits for
1. Active Members
a. Service Retirement Benefits
$ 57,198,000
$ 57,198,000
$ -
b. Vesting Benefits
2,336,184
2,336,184
-
c. Disability Benefits
1,982,137
1,982,137
-
d. Preretirement Death Benefits
1,772,881
1,772,881
-
e. Return of Member Contributions
44,451
44,451
-
63,333,653
-
f. Total
63,333,653
2. Inactive Members
a. Service Retirees & Beneficiaries
48,170,305
48,170,305
-
b. Disability Retirees
544,614
544,614
-
c. Terminated Vested Members
3,041,608
3,041,608
-
51,756,527
-
d. Total
51,756,527
3. Total for All Members
115,090,180
115,090,180
-
C. Actuarial Accrued (Past Service)
Liability per GASB No. 25
98,323,171
98,323,171
-
D. Actuarial Value of Accumulated Plan
Benefits per FASB No. 35
N/A
N/A
N/A
E. Plan Assets
1. Market Value
92,675,849
92,664,849
(11,000)
2. Actuarial Value
94,654,819
94,643,819
(11,000)
F. Unfunded Actuarial Accrued Liability: C -E2
3,668,352
3,679,352
11,000
G. Actuarial Present Value of Projected
Covered Payroll
129,483,019
129,483,019
-
H. Actuarial Present Value of Projected
Member Contributions
4,763,908
4,579,048
(184,860)
I. Funded Ratio: E2 /C
96.3 %
96.3 %
0.0%
Additional Information for Item 10.G.
CALCULATION OF EMPLOYER NORMAL COST
A. Valuation Date
October 1, 2012
October 1, 2012
Change
Valuation
Proposed
from Baseline
Change
B. Normal Cost for
1. Service Retirement Benefits
$ 1,800,267
$ 1,800,267
$ -
2. Vesting Benefits
221,379
221,379
-
3. Disability Benefits
123,951
123,951
-
4. Preretirement Death Benefits
98,940
98,940
-
5. Return of Member Contributions
44,330
44,330
-
6. Total for Future Benefits
2,288,867
2,288,867
-
7. Assumed Amount for Administrative
Expenses
127,077
127,077
-
8. Total Normal Cost
2,415,944
2,415,944
-
As % of Covered Payroll
14.26 %
14.26 %
0.00 %
C. Expected Member Contribution
631,007
622,965
(8,042)
As % of Covered Payroll
3.73 %
3.68 %
(0.05) %
D. Net Employer Normal Cost: B8-C
1,784,937
1,792,979
8,042
As % of Covered Payroll
10.54 %
10.59 %
0.05 %
Additional Information for Item 10.G.
Additional Information for Item 10.G.
PARTICIPANT DATA
October 1, 2012
October 1, 2012
Change
Valuation
Proposed
froth Baseline
Ordinance
ACTIVE MEMBERS
Number
372
372
0
Covered Annual Payroll
$
16,937,526
$
16,937,526
$
0
Average Annual Payroll
$
45,531
$
45,531
$
0
Average Age
47.4
47.4
0.0
Average Past Service
11.5
11.5
0.0
Average Age at Hire
35.9
35.9
0.0
RETIREES, BENEFICIARIES & DROP
Number
261
261
0
Annual Benefits
$
4,642,919
$
4,642,919
$
0
Average Annual Benefit
$
17,789
$
17,789
$
0
Average Age
68.7
68.7
0.0
DISABILITY RETIREES
Number
3
3
0
Annual Benefits
$
46,412
$
46,412
$
0
Average Annual Benefit
$
15,471
$
15,471
$
0
Average Age
54.4
54.4
0.0
TERMINATED VESTED MEMBERS
Number
47
47
0
Annual Benefits
$
491,380
$
491,380
$
0
Average Annual Benefit
$
10,455
$
10,455
$
0
Average Age
47.9
47.9
0.0
Additional Information for Item 10.G.
Coversheet
MEMORANDUM
TO: Mayor and City Commissioners
FROM: Louie Chapman, Jr., City Manager
DATE: September 13, 2013
Page 1 of 1
SUBJECT: AGENDA ITEM 1 - REGULAR COMMISSION MEETING OF SEPTEMBER 17, 2013
ORDINANCE NO. 22 -13
ITEM BEFORE COMMISSION
This ordinance is before Commission for second reading to consider an amendment to Chapter 35,
"Employee Policies and Benefits ", Section 35.095, "Contributions of Participant and City ", Subsection
(A), "Participant's Contribution Account ", to clarify when contributions shall cease.
BACKGROUND
At the first reading on September 3, 2013, the Commission passed Ordinance No. 22 -13.
RECOMMENDATION
Recommend approval of Ordinance No. 22 -13 on second and final reading.
http:// itwebapp/ AgendaIntranet /Bluesheet.aspx ?ItemID= 7202 &MeetingID =461 9/24/2013
Coversheet
MEMORANDUM
TO: Mayor and City Commissioners
FROM: R. Brian Shutt, City Attorney
DATE: August 27, 2013
Page 1 of 1
SUBJECT: AGENDA ITEM ILE. - REGULAR COMMISSION MEETING OF SEPTEMBER 3, 2013
ORDINANCE NO. 22-13
ITEM BEFORE COMMISSION
The item before the City Commission is Ordinance No. 22 -13 which provides for the cessation of
employee contributions to the general employees pension plan upon the occurrence of certain events.
BACKGROUND
In 1999 the City passed an ordinance that removed the requirement for employee contribution to the
general employees pension plan. When this was removed the language providing that general employee
contributions would cease upon the date the participant attained 30 years of credited service was also
removed. In 2003 the City passed an ordinance requiring general employees to contribute to the general
employees retirement plan, however, the provision regarding the stopping of contributions upon 30
years of service was not reinstated. It appears that the failure to reinstate this provision was an
oversight. The proposed ordinance provides that general employee contributions shall cease once the
employee reaches 30 years of credited service, employees that have contributed to the plan after
September 24, 2010 shall be entitled to a refund of those contributions (there are 5 employees and the
total refund amount for all 5 employees is just under $11,000.00)
At its meeting of August 15, 2013, the General Employees Retirement Committee reviewed the
proposed changes to the ordinance as well as the letter from GRS dated December 21, 2012 and
recommended that the changes be adopted.
RECOMMENDATION
Commission approval.
http:// itwebapp / Agendalntranet /Bluesheet.aspx ?ItemID= 7114 &MeetingID =459 9/13/2013