HomeMy WebLinkAboutR-2006-009 GE Pension Changes RESOLUTION NO. 2006-009—
NOT PRESENTED TO CITY COMMISSION
A RESOLUTION OF THE CITY OF DANIA BEACH, FLORIDA,
AUTHORIZING AND DIRECTING THE CITY MANAGER TO TAKE STEPS
NECESSARY TO (1) PROVIDE FOR PARTICIPATION BY NEW GENERAL
EMPLOYEES IN THE FLORIDA RETIREMENT SYSTEM; (2) PREPARE AN
ORDINANCE AMENDMENT TO CHANGE THE VESTING PERIOD OF THE
CITY OF DANIA BEACH RETIREMENT PLAN FOR EXISTING GENERAL
EMPLOYEES; AND (3) PREPARE CERTAIN CHANGES TO THE CITY'S
SECTION 457 PLAN; PROVIDING FOR CONFLICTS; FURTHER,
PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, bargaining between the City of Dania Beach and the Dania Beach
Employees Association, AFSCME Local 3535 AFL-CIO, has resulted in the following
agreement:
(1) That the City shall make provision for general employees presently
required to participate in the City of Dania Beach General Employees' Retirement System to
instead elect, if they choose to do so, to participate in the Florida Retirement System and to
require all newly hired, eligible employees to participate in the Florida Retirement System;
(2) That the City shall amend City of Dania Beach General Employees'
Retirement System to provide for a vesting period of six years rather than eight years for those
employees who elect to remain in the City of Dania Beach Retirement System rather than
participate in the Florida Retirement System;
(3) That all employees who elect to participate and those who are required to
participate in the Florida Retirement System shall also be required to participate in the City's
Section 457 plan and shall also be required to contribute 1.8 percent of their salaries to the
Section 457 plan, which contribution shall be matched by the City;
(4) That the provision described in subparagraph (3) of this paragraph shall
not apply to those employees who participate in the Section 457 plan but who do not participate
in the Florida Retirement System; and
WHEREAS, the Dania Beach Employees Association, AFSCME Local 3535 AFL-CIO
has ratified the terms of the foregoing agreement; and
WHEREAS, the members of AFSCME Local 3535 AFL-CIO bargaining unit in the City
of Dania Beach have voted by overwhelming majority to approve the described changes to the
Plan; and
WHEREAS,the City of Dania Beach is desirous of putting this agreement into effect;
NOW,THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF DANIA BEACH,FLORIDA:
Section 1. The agreement as set forth above is ratified.
Section 2. The City Manager is authorized and directed to take all necessary steps to
effectuate the agreement, including the negotiation and, upon approval by the City Commission,
the execution of an agreement with the Florida Retirement System.
Section 3. That all resolutions or parts of resolutions in conflict with this Resolution
are repealed to the extent of such conflict.
Section 4. That this Resolution shall be in force and take effect immediately upon its
passage and adoption.
PASSED AND ADOPTED on , 2006.
ANNE CASTRO
MAYOR-COMMISSIONER
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