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Home My WebLink AboutO-1998-022 ORDINANCE NO. 22-98 AN ORDINANCE OF THE CITY OF DANIA BEACH, FLORIDA, AMENDING SECTION 18-29.2(b)(1), 18- 29.6(a)(1) AND 18-29.6(a)(4) OF ARTICLE III OF CHAPTER 18 OF THE CODE OF ORDINANCES, PROVIDING FOR AN INCREASE IN THE AMOUNT OF THE, MONTHLY RETIREMENT BENEFITS FOR GENERAL EMPLOYEES; PROVIDING FOR A CHANGE IN THE AMOUNT OF MEMBER CONTRIBUTIONS REQUIRED TO FUND SUCH INCREASE; PROVIDING FOR THE CITY'S "PICK UP" OF A PERCENTAGE OF MEMBER CONTRIBUTIONS; PROVIDING FOR A REPEALER; PROVIDING FOR A SAVINGS CLAUSE; PROVIDING FOR CODIFICATION; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City of Dania Beach and the labor organization representing the city's general employees have agreed in their recently ratified collective bargaining agreement to certain improved retirement benefits,and WHEREAS, the City Commission has received and reviewed the actuarial impact statement concerning this benefit improvement prepared by the Retirement System's actuary, and WHEREAS, the proposed benefit has been approved and recommended by the Retirement System's Board of Trustees, and NOW, THEREFORE, be it ordained by the City Commission of the City of Dania Beach, Florida as follows: Section 1. That Section 18-29.2(b)(l) of Chapter 18 of the Code of Ordinances of the City of Dania Beach, Florida be and the same is hereby amended to add thereto the following underlined language: (b) Normal retirement heneftt. (1) For those who were not members of the prior plan: (a) Amount. "file monthly retirement benefit shall be an amount determined as follows: T,,vo and one-half percent (21/2%) of average monthly earnings times Credited service For members who retire on or after January 1 1999 the month retirement benefit shall be an amount determined as follows: 1 ORDINANCE:NO, 22-98 _l Three percent (3%) of average monthly earnings tiles Credited service Section 2. That Section 18-29.6(a)(1) of Chapter 18 of the Code of Ordinances of the City of Dania Beach, Florida be and the same is hereby amended to add thereto the following underlined language: (a) Member contributions. (1) Amount: Members of the retirement plan shall make regular contributions at a rate of eleven and sixty-six one hundred percent (11.66%) of earnings. Effective October 1 1999 members shall regularly contribute an additional eight and eight one-hundreds percent (8 08%) for a total rate of nineteen and seventy-four one-hundreds percent (19.74%) of earnings to the retirement plan. Member contributions shall be deposited in the fund on at least a monthly basis. Section 3. That Section 18-29.6(a)(4) of Chapter 18 of the Code of Ordinances of the City of Dania Beach, Florida be and the same is hereby amended to add thereto the following underlined language: (4) Duration: Contributions shall be deducted from said earnings before the same are paid and together with those member contributions which are "picked up" and paid by the city, shall continue until the member has reached his actual retirement date or his termination date whichever occurs first. Effective as of October 1, 1996, three and sixty-six one hundred percent (3.66%) of the member's earnings shall be deducted from the member's earnings. The remaining eight percent (8%) of member's earnings shall be paid and assumed by the city as member contributions, as the result of afive-percent (5%) reduction of each members earnings as of October I, 1987, together with a three percent (3%) reduction of each member's earnings which is scheduled to effective as of October 1, 1996. These reductions of member earnings were implemented in lieu of a five percent (5%) wage increase which was scheduled to become effective as of October 1, 1987, and in lieu of a three percent (3%) wage increase which is scheduled to become effective as of October 1, 1996. Effective October 1, 1999 an additional eight and eight one-hundreds percent (8.08%) of the member's earnings, for a total of sixteen and eight one-hundreds of each member's earnings, shall be paid and assumed by the city as member contributions, as the result of a eight and eight one-hundreds percent (8.08%) reduction of each member's earnings. This reduction of member earnings was implemented in lieu of an eight and eight one-hundreds percent (8.09%) wage increase. No member subject to such agreement shall have the option of choosing to receive the contributed amounts directly instead of having them paid by the city directly to the plan. All such member contributions by the city shall be deemed and considered as part of the member's accumulated contributions and subject to all provisions of this plan pertaining to accumulated contributions of members. The intent of this language is to comply with section 414(h)(2) of the Internal Revenue Code. 2 ORDINANCE NO. 22-98 i y I Section 4. That all sections or parts of sections of the Code of Ordinances, all ordinances or parts of ordinances, all charter sections or parts of sections, and all resolutions or parts of resolutions in conflict herewith, be and the same are hereby repealed to the extent of such conflict. Section 5. If any word, phrase, clause, subsection or section of this ordinance is for any reason held unconstitutional or invalid, the invalidity thereof shall not effect the validity of any remaining portions of this ordinance. Section 6. Codification of this ordinance in the City Code of Ordinances is hereby authorized and directed. Section 7. The provisions ofthis ordinance shall take effect immediately upon its final passage and adoption. PASSED AND ADOPTED on first reading this 24"' day of November, 1998. PASSED AND ADOPTED on second and final reading this 8"' day of December, 1998. Lj MAYOR— COMMISSIONER ATT T: ROLL CALL: MAYOR CALI - YES CITY 'CLERK—MDITOR VICE-MAYOR ETLING - YES COMMISSIONER BERTINO—YES COMMISSIONER MIKES - YES APPROVED AS TO FORM COMMISSIONER HYDE - YES AND CORRECTNESS: By: //'illl.�lS THOMAS , AN g BRO CITY ATTORNEY 3 ORDINANCE NO. 22-99 1 l� i 1 ARTICLE 34 i PENSION-RETIREE BENEFITS The City and the Union agree to continue group insurance benefits to retirees. The City shall contribute 5% of the members' base pay to the General Employees Retirement Plan which shall be in lieu of their wage increase for 1987-1988, and shall offset the employees' current contribution rate. This five percent (5%) shall be paid directly (plus accrued interest) to members upon termination of employment unless said termination is due to retirement or the member has vested rights in the pension plan and elects to leave his/her funds in the plan until he/she is eligible to select a retirement option. A drop plan will be effective October 1, 1994. A. Effective October 1, 1995, employees will receive a 2.5% benefit accrual rate for all service. The City will contribute not more than 3% toward this benefit October 1, 1996. If additional amounts are required these shall be paid by the employees through payroll deduction. B. Employees will be permitted to buy back previous years of service with the City on terms worked out by the City and the Union. Employee shall bear all cost related to this item. C. Employees will also be permitted to buy back up to four years of time served in the armed services of the United States. Employee shall bear all cost related to this item. Lbe January 1, 1999, employees will receive a 3.0% fixed benefit accrual l service. The City will contribute not more than 8.08% toward the cost nefit October 1, 1999 in the form of a pension supplement, which shall ered employee contribution in lieu of salary increase for the Fiscal Year 9. i 41 _I I i e 1 GABRIEL, ROEDER, SMITH & COMPANY Consultants&Actuaries 301 East Las Olas Blvd.•Suite 200•Ft.Lauderdale,FL 33301 •954-527-1616 FAX 954-525-0083 i November 9, 1998 Ms. Marie Jabalee Finance Director City of Dania 100 West Dania Beach Blvd. Dania, Florida 33004 Dear Marie: Enclosed is our Actuarial Impact Statement pertaining to the change to a 3% benefit accrual rate under the Retirement Plan for General Employees. The Impact Statement must be filed with the listed agency in Tallahassee before the final public hearing on the ordinance. Please have a member of the Pension Board sign the Statement. Then send the Statement along with a copy of the proposed ordinance to the State. Please contact us if there are any questions. Sincerely yours, A v J. Stephen Palmqu� JSP/or Enclosures i � I i GABRIEL, ROEDER, SMITH & COMPANY Consultants&Actuaries 301 East Las Olas Blvd.•Suite 200•Ft.Lauderdale, FL 33301 •954-527-1616 FAX 954-525-008 November 9, 1998 Mr, Charles Slavin, Actuary Bureau of Local Retirement Systems Division of Retirement Cedars Executive Center, Bldg. C 2639 North Monroe Street Tallahassee, Florida 32399-1560 Re: Actuarial Impact Statement for the City of Dania Retirement Plan for General Employees Dear Mr. Stavin: Dear the proposed ordinance (copy enclosed), the benefit accrual rate would be raised from Under 2.5% to 3.0% for each year of service. This change would apply both to past and future service. from 11.66/° to 19.74% of covered salary The employee contribution rate would also be raised beginning October 1, 1999. The attached tables show the actuarial impact of these changes. The actuarial impact of these changes has been calculated on the basis of the same participant information, asset information, and actuarial assumption and methods as were used in the October 1, 1997 Actuarial Valuation Report. In our opinion, the proposed changes are in compliance with Part VII, Chapter 112, Florida Statutes and Section 14, Article X of the State Constitution. Respectfully submitted, By For the Board of Trustees as Plan Administrator By J teph Palmquist, AS AAA, MCA Enrolled Actuary No. 96-1 0 1. __-- 1 CITY OF DANIA RETIREMENT PLAN FOR GENERAL EMPLOYEES SUMMARY OF VALUATION RESULTS As of October 1, 1997 Before- After Change Change COVERED GROUP A. Number Included in the Valuation 68 68 1. Active Members 23 23 2. Inactive Members B. Covered Annual Payroll $ 1,918,586 $ 1,918,586 LONG RANGE COST C. Actuarial Present Value of Projected Benefits 8,630,489 9,954,466 D. Actuarial Value of Assets 6,457,079 6,457,079 E. Actuarial Present Value of Future Contributions 2173,410 3,497,387 1. Total: C- D 2. Portion Assigned to Unfunded Frozen 0 0 Actuarial Accrued Liability(UFAAL) 3. Portion Assigned to Future Normal Costs 1 2,173,410 3,497,387 CURRENT ANNUAL COST F. Annual Payment Needed to Amortize UFAAL 0 0 As % ofB G. Annual Employer Normal Cost 51,397 51,397 As% of B 2.68% 2.68% H. Interest on F and G from Valuation Date to 6,807 6,807 Contribution Date(s) 0.35% 0.35% As % ofB I. Required Employer Contribution: F+ G + H 58,204 58,204 As % of B 3.03% 3.03% J. Year to Which Contributions Apply 9/30/98 9/30/98 1. Plan Year Ending 9130199 9/30/99 2. Employer Fiscal Year Ending 3. Assumed Date(s)of Employer Contributions Quarterly Quarterly 1 CITY OF DANIA RETIREMENT PLAN FOR GENERAL EMPLOYEES DERIVATION OF EMPLOYER NORMAL COST As of October 1, 1997 Before After Change Change A. Actuarial Present Value of Projected Benefits for 1. Active Members a. Service Retirement Benefits $ 5,193,176 $6,314,175 b. Vesting Benefits 366,770 440,125 c. Disability Benefits 491,351 523,664 d. Preretirement Death Benefits 119,487 142,891 e. Return of Member Contributions 106,652 180,558 f. Other 0 0 g. Total 6,277,436 7,601,413 2. Inactive Members a. Service Retirees and Beneficiaries 2,106,139 2,106,139 b. Disability Retirees 186,025 186,025 c. Terminated Vested Members 60,889 60.889 d. Total 2,353,053 2,353,053 3. Total for All Members 8,630,489 9,954,466 B. Actuarial Value of Assets 6,457,079 6,457,079 C. Unfunded Frozen Actuarial Accrued 0 0 Liability(UFAAL) D. Actuarial Present Value of Projected Member 1,910,590 3,234,567 Contributions E. Actuarial Present Value of Projected 262,820 262,820 Employer Normal Costs: A3 - B-C—D F. Actuarial Present Value of Projected 16,385,800 16,385,800 Covered Payroll G. Employer Normal Cost Rate: 1 60% 1.60% 100 x EJF H. Annual Payroll of Active Members 1,918,586 1,918,586 1. Assumed Amount of Administrative Expenses 20,700 20,700 J. Employer Normal Cost: (G x H) + 1 51,397 51,397 i t — L� t � C S U N — S E N T I N E L PUBLISHED DAILY FORT LAUDERDALE. BP,OWARD COUNTYr FLORIDA BOCA RATONt PALM BEACH COUNTY. FLORIDA NOTICE OF HEARING MIAMIi DADE COUNTYo FLORIDA BORDA,RRE CITY EG RDINGADOPTIIONOFTHEFOLLIA OWING PROPOSED ORDINANCES: NOTICES HEREBY GIVEN that the City Commission of !ATE 0 F FLORIDA the City of Dania Beach,Florida,on December 8, 1998 at 7:30 PM or as soon thereafter as the matter maybe heard, will conduct apublic hearinggm the City Commission room COUNTY OF BROWARD/PALM BEACH/DADS ofthe Dania Glty Hall, 100 West Dania Beach Boulevard, Dania Florida to consider the proposed adoption of the BEFORE E E .IGNED AUTHORITY PERSONALLY APPEfollowing Ordinances entitled: 'AN ORDINANCE OF THE CITY OF DANIA BEACH.FLORI- DA, AMENDING ARTICLE IV OF CHAPTER 18 OF THE WHO ON OATH SAYS TH A CODE OF ORDINANCES, PROVIDING IN SECTION I8- 40 1011 AN INCREASE OF THE MAXIMUM RETIREMENT HE •• E• IS A DULY AUTHORIZED REPRESENTATIVE OF 7HBENEFITBrTEN PERCENT PROVIDING IN SECTION I8- 4212NEB AN INCREASE IN YHE MONTHLY RETIREMENT SSIFIED DEPARTMENT Of THE SUN—SEN TI NIL. DAILY I/1/9BE BY FOR ONEPERCENT FOR TIHE I6TH OR NEWSPAPER PUBLISHED IN BROWARD/PALM BEACH/DARE CD NFOETCP AND TPNHMAXI- MUM BEEITBYENERCEN PROVIDING SEC- FLORIDA THAT THE ATTACHED COPY OF ADVERTISEMENTi TIDN 18.42(9 FOR FUTURE BENEFIT RESERVE AND MB 43((B11 SPECIFIC LIMITATIONS ON PARTICIPATIONI T IN THE DE7OP- PROVIDING IN SECTION 1844(1 A)THAT EMPLOYEE CONTRIBUTIONS PICKED UP BY THE CITY NOTICE SHALL BE CONSIDERED AS EARNING FOR CALCULAT- ING AVERAGE MONTHLY EARNINGS PROVIDING IN SECTION 18-4411NC�AN INCREASE IN MAXIMUM AC- CRUED BENEFITT LE EL BE TEN PERCENT-PROVIDING IN THE MATTER OF EFOR A R; AND APROVIDING UF PROVIDINGSE Oh AN EFFECTIVE DATE.' 'AN ORDINANCE OF THE CITY OF DANIA BEACH FLORI- AMENDING ARTICLE IV DA.AMENDING SECTION I8.29.2�b 1A1,18-29.TER ,%a 1 AND THE CODE Of"ORDINANC SOF LE III PRO(DING FOR ANIINC�ASE IN THE CIRCUIT COURT, WAS PUBLISHED IN SAID NEWS P IN THE AMOUNT OF THE'MONTHLY RETIREMENT BENE- FITS FOR GENERAL EMPLOYEES' PROVIDING FOR A EMBER CONTRIB - TH E ISSUES OF TIONS REQUIRED TO FOUND UNT SUCH INCREASE:PROVID- ING FOR THE CITY'S'PICK UP'OF A PERCENTAGE OF C / 11 /27. 1 X MEMBER CONTRIBUTIONS:PROVIDING FOR A REPEAL- ER' PROVIDING FOR A SAVINGS CLAUSE PROVIDING FOh CODIFICATION;AND PROVIDING FOR AN EFFEC- AFFIANT FURTHER SAYS THAT THE SAID SUN—SENTINEL TIVEDATE.- 'AN ORDINANCE OF THE CITY COMMISSION OF THE NEWSPAPER PUBLISHED IN SAID BROWARD/PALM BEACH /DACITY OF DANIA BEACH, FLORIDA, ESTABLISHING A NEW CODE SECTION 8-141 IN ORDER TO PROVIDE FOR COUNTY. FLORIDA• AND THAT THE SAID NEWSPAPER HAS .A MINIMUM WAGE REQUIREMENT ON CERTAIN CON- STRUCTION CONTRACTS;PROVIDING THAT ALL ORDI- BEEN CONTINUOUSLY PUBLISHED IN SAID BROWARD/PALM LUTIONSORPPARTSOOFRE?SOLUTIONSINCONFLICT `UNTYr FLORIDAi EACH DAYS AND HAS BEEN ENTERED APR S TO A E CONFLICT: PROVIDING AEERNCE CLAUSE;MATTER AT THE POST OFFICE IN FORT LAUDER DALVIDING FOR AN EFFECTIVE DATE.' DROWARD COUNTY. FLORIDA. FOR A PERIOD OF ONE YEAR ORDINANCE AMENDGARTICLEIIXOF OF OCHAPTTER8ANIA HOFTTH FLORI- DA N E PRECEDING THE FIRST PUBLICATION OF THE ATTACHED CSYYSTEMS';ROVIDING FORrA REGULATORY SYSTEM ADVERTISEMENT; AND AFFI ANT FURTHER SAYS THAT HE/SFOR THEINESTABLSHMENTROFSPERMITS FEES AIND NEITHER PAID NOR PROMISED ANY PERSONi FIRM OR CORTRATIONEAND A VIOLATIONS IR CEIDURt FORSYSTEM THE REVOCATION ANY DISCOUNT. REBATEi COMMISSION OR REFUND FOR THSEtNSEEPNI ITALRCB125ITENTIRYYROVIDIGTHALO - OF SECURING THIS ADVERTISEMENT FOR PUBLICATION INAEETBTPALENTT IN EfIFNo RWIHE PARTS HE EXTENT NEWSPAPER. SUCE.CONFLICT;AND PROVIDING FOR AN EFFECTIVE 'AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF DANIA BEACH,FLORIDA.PERTAINING TO NO- TICE IN CONNECTION WITH ZONING AND LAND USE REGULATIONS CHANGES OR AMENDMENTS-REPEAL- ING SECTION 11.10,ENTITLED'AMENOMENT§TOZON- ING CODE AND/OR LAND USE PLAN'OF ARTICLE 11NG' OF . GNATURE OF AFFIRNT) CITYEOF DANIA BEOACH CODE OFF CHAPTER B6RDNAINCE'S IN ITS ENTIRETY,AMENDING SECTION 11.10.1 ENTITLED'PE- TITIONER-APPLICANT REQUIREMENTS,' OF ARTICLE SWORN TO AND SUBSCRIBED BEFORE ME 11., AMENDMENTS', CHAPTER 28, *ZONING' TO THIS 27 DAY OF NOVEMBnER I TO PROPERTY OWFY NERS'OWN RS'RICATION EQUIES SFOR CHANGES TO A.D. 1 9 --`alfl/ a. . a.. a . a ZONING AND LAND USE REGULATIONS; FURTHER -ILL..KKJJII--��\ CLAUPROVSE:A A CONFLICTS CLAUSE A SEVVE DATITY CLAUSE;AND PROVIDING FOR AN AFFECTIVE DATE.' A copy of these proposed Ordinances are on file in the . .• .... office of the City Clerk,City Hall, 100 West Dania Beach Boulevard, Dania, Florida, and may be Inspected by the (SIGNATURE . m — public during normal working hours. ImeresteU Vernes may appear at the aforesaid meeting F�� vvi 10 and be heard with respect t0 the proposed.Any person YY COMIl fr.'L iR- who decides to appeal any decision made by the City }j Commission with respect to any matter considered al this DIFIRES 2d'T nearing will need a record of the roceedings end for such - bill"Ti 1MCy PW10 Uftivae;. purpose may need to ensure thaPa verbatim record of the proceedings is made.which record Includes the testimony and evidence upon which the appeal Is to be based. .. • ... . . . . . . .... . .. a . . a .. . . . w In accordance with the American ah Disabilities Act, (NAME OF NOTARY TYPED. PR I'FYED OR STAMPED ) persons needing assistance to participate in any of the proceedings should contact Marie Jabalee,City.,Clerk 100 West Dania Beach Boulevard,Dania,Florida 33004,19541 921-8700 ind.202 at least 72 hours prior to the meeting. 'RSONALLY KNOWN . .. . . . .. ... . . . . ... . .. OR Deputy Cnnyye Saitalamacchia November 27, 1998 , RODUCED IDENTIFICATION . ... . .. . . . . . . . . . . I _i LASON SYSTEM'S IN(:;, :"), .E:. 6954 N.W. 12 STREET, MIAMI, FLORIDA 33126 305-477-9149 • 800-287-4799 • FAX 305-477-7526 .. PRE % S i is a photoco inPOOPp � condition FC 017 Y,