Loading...
HomeMy WebLinkAboutO-2022-027 Amending Ch. 18, Sec. 18-42 Benefit Amounts and Eligibility (Additional Police and Firefighters Retirement Benefit) ORDINANCE NO. 2022-027 AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF DANIA BEACH, FLORIDA, AMENDING THE CITY CODE OF ORDINANCES RELATING TO THE POLICE AND FIREFIGHTERS RETIREMENT SYSTEM; AMENDING CHAPTER 18, ENTITLED "PENSION AND RETIREMENT", AT ARTICLE IV, ENTITLED "POLICE AND FIREMEN", AT SECTION 18-42, ENTITLED "BENEFIT AMOUNTS AND ELIGIBILITY", TO PROVIDE FOR AN ADDITIONAL POLICE AND FIREFIGHTERS RETIREMENT BENEFIT; PROVIDING FOR A SAVINGS CLAUSE; PROVIDING FOR A REPEALER; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS,the City of Dania Beach(the"City")has established the City of Dania Beach Police and Firefighters' Retirement System (the "System") in accordance with Chapters 175 and 185, Florida Statutes; and WHEREAS, the trustees of the City of Dania Beach Police & Firefighters' Retirement System have requested and approved the proposed amendment as being in the best interests of the participants and beneficiaries and also consider that the amendment improves the administration of the plan; and WHEREAS, the City Commission has received, reviewed and considered an actuarial impact statement describing the actual impact of the proposed amendments provided for within this Ordinance; NOW, THEREFORE,BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF DANIA BEACH, FLORIDA: Section 1. That the above "WHEREAS" clauses are ratified and confirmed as being true and correct,and they are made a part of and incorporated into this Ordinance by this reference. Section 2. That Chapter 18, entitled "Pension And Retirement", at Article IV, entitled "Police And Firemen", at Section 18-42,`Benefit amounts and eligibility,"is amended as follows: CHAPTER 18 PENSION AND RETIREMENT ARTICLE IV. POLICE AND FIREMEN FIREFIGHTERS * * Sec. 18-42. Benefit amounts and eligibility. * * * Proposed additions to existing City Code text are indicated by underline;proposed deletions from existing City Code text are indicated by ket-hreugh. (13) Additional Retirement Benefit. (a) Effective October 1, 2022, all police and firefighter retirees and police and firefighters and DROP participants who are then receiving benefits or DROP account credits shall receive an additional monthly benefit of four-hundred sixteen dollars and sixty-seven cents ($416.67) payable for his or her lifetime. (b) Effective October 1, 2022, all police and firefighter employees who retire on after October 1, 2022, shall receive an additional monthly benefit of four-hundred sixteen dollars and sixty-seven cents ($416.67) payable for his or her lifetime,only. Police and firefighter survivors are not entitled to this additional benefit. Section 3. That if any section, clause, sentence, or phrase of this Ordinance is for any reason held invalid or unconstitutional by a court of competent jurisdiction, the holding shall not affect the validity of the remaining portions of this Ordinance. Section 4. That all ordinances or part of ordinances in conflict with the provisions of the Ordinance are repealed. Section 5. That this ordinance shall be effective on adoption; however, the provisions of this ordinance that are specified to take effect as of a date certain shall take effect as of the date specified within this Ordinance. PASSED on first reading on September 14, 2022. PASSED AND ADOPTED on second reading on September 27, 2022. ATTEST: C/ ,ate rip4* .\ THOMAS SCHNEIDER, CMC '� ' • - T ARA JAM CITY CLERK ` " MAYOR APPROVED AS TO FORM AND CORRECTNESS: E E . B UTSIS IT ATTORNEY 2 ORDINANCE#2022-027 ibility,"is amended as follows: CHAPTER 18 PENSION AND RETIREMENT ARTICLE IV. POLICE AND FIREMEN FIREFIGHTERS * * Sec. 18-42. Benefit amounts and eligibility. * * * Proposed additions to existing City Code text are indicated by underline;proposed deletions from existing City Code text are indicated by ket-hreugh.