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Ord 17-02ORDINANCE NO. 17-02 AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF DELRAY BEACH, FLORIDA, AMENDING CHAPTER 35, "EMPLOYEE POLICIES AND BENEFITS", SUBHEADING "RETIREMENT PLAN", OF THE CODE OF ORDINANCES OF THE CITY OF DELRAY BEACH BY AMENDING SECTION 35.095, "CONTRIBUTIONS OF PARTICIPANT AND CITY", SUBSECTION 35.095(A), "PARTICIPANT'S CONTRIBUTION ACCOUNT", TO PROVIDE FOR CHANGES TO CERTAIN PARTICIPANT CONTRIBUTIONS; PROVIDING A GENERAL REPEALER CLAUSE, A SAVING CLAUSE, AND AN EFFECTIVE DATE. WHEREAS, the City Commission of the City of Delray Beach desires to clarify the contributions of NCF&O employees in accordance with the collective bargaining agreement. NOW THEREFORE, BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF DELRAY BEACH AS FOLLOWS: Section 1. That Chapter 35, "Employee Policies and Benefits", subheading, "Retirement Plan", of the Code of Ordinances of the City of Delray Beach is hereby amended by amending Section 35.095, "Contributions of Participant and City", Subsection 35.095(A), "Participants contribution account" to read as follows: Section 35.095 CONTRIBUTIONS OF PARTICIPANT AND CITY. (A) Participant's contribution account. (1) 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) Each participant will contribute toward the cost of the plan an amount equal to three percent 0%) of the first $4,800 of his basic annual compensation, and six percent (6%) of basic annual compensation in excess of $4,800 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 percent (6%) 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 percent (4.5%) of basic compensation on a mx-deferred basis. Beginning with the first pay period after September 1, 1999, participants shall Ord. No. 17-02 not be required to contribute to the plan, except those participants described in paragraph (4) of this Section. (3) 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 non-compounded 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 the plan a non-compounded 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 & Oilers shall not be required 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 determines that additional contributions are required to properly fund the plan, the City and bar~g unit members shall equally share such contributions on a percentage of payroll basis; provided that no member shall be required to contribute more than four and one-half percent (4.5%) of basic compensation unless the City and union agree to a greater participant f th f tS co"ccd 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. Ord. No. 17-02 Section 5. That this ordinance shall become effective immediately upon its passage on second and final reading. PASSED ~D ADOPTED in regular session on second and final reading on this the day of~ ,2002. City Clerk First Reading Second Readmg~ MAYOR Ord. No. 17-02 II&AL Nm DAY ~ PROVWE THAT I~,GETATIVE W&~I'E MAY NOT gE ~E~', ~ ~ ~ ~ ~ 51 71, BI~ ~ ~ILY, ~ ~Y ~NDiNO ~ ~, TO ~ ~ ~E~ ~P~- MEMORANDUM TO: FROM: SUBJECT: MAYOR AND CITY COMMISSIONERS CITY MANAGER ~ AGENDA ITEM # lo ~ - REGULAR MEETING OF IUNE 4, 2002 ORDINANCE NO. 17-02 {AMENDING CHAPTER $5 "EMPLOYEE POLICIES AND BENEFITS") DATE: MAY 31, 2002 This ordinance is before Commission for second reading and public hearing to amend Chapter 35 "Employee Policies and Benefits" of the Code of Ordinances, Section 35.095(A)(4). Section 35.095(A)(4) currently provides that bargaining unit employees shall not be required to contribute to the pension plan. The modification will allow the NCF & O employees to contribute to the pension plan in accordance with the collective bargaining agreement. At the first reading on May 21, 2002, Commission unanimously approved this ordinance. Recommend approval of Ordinance No. 17-02 on second and final reading. S'\Ctty Clerk\chevelle folder\agenda memo. Ord 17.02EmployeePohctes 06 04.02.doc CITY I)F DELRI:IY BEflgH CITY ATTORNEY'S OFFICE 200 NW 1st AVENUE · DELRAY BEACH, FLORIDA 33444 TELEPHONE 561/243-7090 · FACSIMILE 561/278-4755 Writer's Direct L~ne' 561/243-7091 1993 DATE: May 16, 2002 MEMORANDUM TO: FROM: David Harden, City Manager Brian Shutt, Assistant City Attorney SUBJECT: Modifications to Chapter 35 In November of 2001 a Collective Bargaining Agreement was executed with the NCF&O (blue collar union) for the period from October 1, 2001 to September 30, 2004. Under Article 13, Section 4, of the Agreement, no contribution from an employee shall be required for the pension plan unless an actuarial evaluation indicates that contributions are required to properly fund the plan. Section 4 further provides that if contributions are required, the City and the bargaining unit members shall equally share such contributions on a percentage of payroll basis; provided that no member shall be required to contribute more than 4.5% of basic compensation unless the City and union agree to a greater participant contribution. Section 35.095(A)(4) of the Code of Ordinances provides that bargaining unit employees shall not be required to contribute to the pension plan. This modification to Section 35.095(A)(4) allows the NCF&O employees to contribute to the pension plan in accordance with the collective bargaining agreement. If this modification to Section 35.095 meets with your approval please place it on the May 21, 2002 City Commission agenda. Please call if you have any questions. Attachment CC; Barbara Garito, City Clerk Joe Safford, Finance Director Ned Gusty, Human Resources Director ORDINANCE NO. 17-02 AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF DELRAY BEACH, FLORIDA, AMENDING CI-IAPTER 35, "EMPLOYEE POLICIES AND BENEFITS", SUBHEADING "RETIREMENT PLAN", OF THE CODE OF ORDINANCES OF THE CITY OF DELRAY BEACH BY AMENDING SECTION 35.095, "CONTRIBUTIONS OF PARTICIPANT AND CITY", SUBSECTION 35.095(A), "PARTICIPANT'S CONTRIBUTION ACCOUNT", TO PROVIDE FOR CHANGES TO CERTAIN PARTICIPANT CONTRIBUTIONS; PROVIDING A GENERAL REPEAI.RR CLAUSE, A SAVING CI AUSE, AND AN EFFECTIVE DATE. WHEREAS, the City Commission of the City of Delray Beach desires to chrify the contributions of NCF&O employees in accordance with the collective bargaining agreement. NOW THEREFORE, BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF DELRAY BEACH AS FOLLOWS: Section 1. That Chapter 35, "Employee Policies and Benefits", subheading, "Retirement Plan", of the Code of Ordinances of the City of Delray Beach is hereby amended by amending Section 35.095, "Contributions of Participant and City", Subsection 35.095(A), "Participants contribution account" to read as follows: Section 35.095 CONTRIBUTIONS OF PARTICIPANT AND CITY. (A) Participant's contribution account. (1) For the purpose of this section "PARTICIPANT'S CONTR/BUIION ACF__OUNT' 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) Each participant will contribute toward the cost of the plan an amount equal to three percent (3%) of the first $4,800 of his basic annual compensation, and six percent (6%) of basic annual compensation in excess of $4,800 until the beginning of the first pay period after September 25, 1984. Beginning with the first payperiod after September 25, 1984, each participant will contribute toward the cost of the plan an amount equal to six percent (6%) 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 percent (4.5%) of basic compensation on a tax-deferred basis. Beginning with the first pay period after September 1, 1999, participants shall Ord. No. 17-02 not be required to contribute to the plan, except those participants described in paragraph (4) of this Section. (3) 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 non-compounded 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 the plan a non-compounded 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 & Oilers shall not be required to contribute to the plan unless a written actuarial valuation indicates that contributions are required to properly fund the plan in an acmarially sound manner. If an actuary selected by the Retirement Committee determines that additional contributions are required to properly fund the plan, the City and bargaining unit members shall equally share such contributions on a percentage of payroll basis~ provided that no member shall be required to contribute more than four and one-half percent (4.5%) of basic compensation un_less the City and union agree to a greater participant g .................... 15 "'"' "" "" 1-' ............................. ,..,,.,.,..,.,. ~.o F ....... J '""'"1''''''~''''''' "'" ..... 0"~ ............ F ........ '-'""'"'"" ..... 2' .................. ~...,..,~.,..~.~ ,.,~.u.,,. ,....,.,.,.,.. ........... 7 ~' 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. Ord. No. 17-02 Section 5. That this ordinance shall become effective immediately upon its passage on second and final reading. PASSED AND ADOPTED in regular session on second and final reading on this the __ day of ,2002. ATTEST MAYOR City Clerk First Reading. Second Reading Ord. No. 17-02