File #: #O1715    Version: Name: TO 1715 - GE Pension Plan Enhancement
Type: Ordinance Status: Agenda Ready
File created: 10/18/2018 In control: CITY COMMISSION REGULAR MEETING
On agenda: 11/28/2018 Final action:
Title: SECOND READING of Temp. Ord. #O1715 amending the City Code at Chapter 15 "Pensions", Article V "City Retirement Plan and Trust Fund", Division 3 "Benefits"; amending Section 15-312 to provide for a 3.25% multiplier for the first twenty years of credited service and 3% thereafter; amending Section 15-337(a) to provide for a 9.5% employee contribution; providing for severability; providing for codification; providing for an effective date. (Passed 1st Reading on 11/05/18) (Human Resources Director Randy Cross)
Attachments: 1. O 1715 - 2nd Reading GE Pension Plan Enhancement with backup, 2. TO 1715 - 1st Reading GE Pension Plan Enhancement with backup

CITY OF MIRAMAR

PROPOSED CITY COMMISSION AGENDA ITEM

 

Item Description:

Title

SECOND READING of Temp. Ord. #O1715 amending the City Code at Chapter 15 “Pensions”, Article V “City Retirement Plan and Trust Fund”, Division 3 “Benefits”; amending Section 15-312 to provide for a 3.25% multiplier for the first twenty years of credited service and 3% thereafter; amending Section 15-337(a) to provide for a 9.5% employee contribution; providing for severability; providing for codification; providing for an effective date. (Passed 1st Reading on 11/05/18) (Human Resources Director Randy Cross)