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P.H. 2022-10: (PUBLIC HEARING 1ST READING)
AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, AMENDING CHAPTER 34, "CITY POLICY," OF THE POMPANO BEACH CODE OF ORDINANCES, RELATING TO THE GENERAL EMPLOYEES' RETIREMENT SYSTEM, BY AMENDING SECTION 34.015, "CONDITIONS OF ELIGIBILITY," BY MODIFYING PROVISIONS FOR PAST SERVICE PENSION CREDIT AND ALLOWING FOR THE PURCHASE OF ADDITIONAL SERVICE CREDIT; PROVIDING FOR SEVERABILITY; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: The fiscal impact is reflected in the current Collective Bargaining Agreement as approved by City Commission on November 9, 2021.)
SECOND READING: NOVEMBER 9, 2021
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(Staff Contact: Ed Beecher/Brian Donovan)
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Summary Explanation/Background:
The attached Ordinance reflects the changes negotiated between the City and the Federation of Public Employees. Employees who leave the City under good terms and then at a later date are reemployed currently have the option to purchase past credit upon being rehired. However, upon rehire an employee only has three months to initiate the purchase for past credit. The attached Ordinance would remove the time limit and allow employees to purchase past credit. Additionally, employees who are eligible to retire, or enter DROP, but who have not yet elected to retire or enter the DROP, may elect to purchase additional service time needed to round-up his/her current year of service prior to retiring or entering the DROP. There is no cost to the City for the proposed changes. The employee will pay all costs, including the city's portion, prior to retiring or entering the DROP. Since the 11/9 Commission meeting additional language was added at the request of the Pension Board Attorney to ensure that the cost be paid prior to retirement.
Origin of request for this action: Human Resources Office
Fiscal impact and source of funding: The fiscal impact is reflected in the current Collective Bargaining Agreement as approved ...
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