PB 11/26/2001 Minutes - Laserfiche WebLink

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Police Officers' and Firefighters' Pension Board November 26, 2001 Page 5 X. Proposed Ordinance Amending the City's Pension Plan This item was tabled at the September meeting to give the City Manager an opportunity for more input regarding the proposed ordinance. He outlined his objections to the proposed ordinance changes in a letter submitted to the Board ,dated November 14, 2001. He recommended that the Board proceed with one change reconnmended in the ordinance (i.e. reduction in payment by members from the current 1% to 1/2%.) He indicated the other changes were unnecessarily expensive, un -fair to non -risk personnel, provide benefit improvements which have not been bargained for, were not helpful and were likely damaging to recruitment and retention efforts of employees for the City. The City Manager indicated that the City was not required to go lock step with the State and other cities that have opted out of the Florida Retirement System have indicated they are not adopting all the changes. The underlying reason to change to a City Pension Plan was to have local control and not be dictated to by the State with cost prohibitive benefit changes. MOTION: Police Officer Larry Littrell moved to recommend to the City Commission that the proposed Ordinance be adopted as submitted with all changes to accomplish parity with the Florida Retirement System. Seconded by Firefighter Theresa Krebs. ( Amended on a 3 - 1 roll call vote to reflect changes outlined in the following Amended Motion. Police Officer Larry Littrell casting dissenting vote on the Amended Motion.) AMENDED MOTION: Moved by Chairman Tom Embree to amend the Motion on the floor and approve the recommendation of the City Manager (Section 1 reduce member contribution from I% to 1/%) and approve all non -cost items - Section 7 Military Service buy-back provision for previous service; and Section 8 - Family and Medical Leave Act and Authorized Leaves of Absence) and include the change in the Rollover or Transfer to the Fund Provision as presented by the Board Attorney. Seconded by Mrs. Mary Moschler and motion carried roll call vote of 3 - 1. Police Officer Larry Littrell dissenting. MOTION: Moved by Police Officer Larry Littrell to request the City Manager put forth a City proposal of possible ideas for modification for improvement of benefits to the Plan; after evaluation by the members of the Plan, the City Manager is authorized to engage the services of the Actuary to study and provide the cost for the suggested alternatives. Seconded by Mrs. Mary Moschler and carried unanimously by voice vote.