File #: 23-1558    Version: 1 Name:
Type: Ordinance Status: Second Reading
File created: 11/2/2023 In control: City Commission
On agenda: 11/14/2023 Final action:
Title: ORDINANCE NO. 50-23: AN ORDINANCE AMENDING THE CODE OF ORDINANCES OF THE CITY OF DELRAY BEACH, FLORIDA, AMENDING CHAPTER 35 “EMPLOYEE POLICIES AND BENEFITS”, SUBHEADING “RETIREMENT PLAN”, BY AMENDING SECTION 35.089, “DEFINITIONS”; AMENDING SECTION 35.091, “VESTING”; AMENDING SECTION 35.097, “RETIREMENT INCOME; BASIS, AMOUNT AND PAYMENT”; PROVIDING FOR SEVERABILITY; PROVIDING FOR INCLUSION IN THE CODE; AND PROVIDING FOR AN EFFECTIVE DATE.
Sponsors: Finance Department
Attachments: 1. Agenda Cover Report, 2. Ordinance 50-23 CM CA Pension Ord lg rev final for 1st reading, 3. Legal Review_Ordinance 50-23 CM CA pension, 4. BIE--Ordinance 50-23 CM and CA pension benefits

TO:                                          Mayor and Commissioners

FROM:                     Hugh B. Dunkley, Chief Financial Officer

THROUGH:                     Terrence R. Moore, ICMA-CM

DATE:                     November 14, 2023

 

Title

ORDINANCE NO. 50-23: AN ORDINANCE AMENDING THE CODE OF ORDINANCES OF THE CITY OF DELRAY BEACH, FLORIDA, AMENDING CHAPTER 35 “EMPLOYEE POLICIES AND BENEFITS”, SUBHEADING “RETIREMENT PLAN”, BY AMENDING SECTION 35.089, “DEFINITIONS”; AMENDING SECTION 35.091, “VESTING”; AMENDING SECTION 35.097, “RETIREMENT INCOME; BASIS, AMOUNT AND PAYMENT”; PROVIDING FOR SEVERABILITY; PROVIDING FOR INCLUSION IN THE CODE; AND PROVIDING FOR AN EFFECTIVE DATE.

 

Body

Recommended Action:

Recommendation

Staff recommends approval of Ordinance No. 50-23 on first reading.

 

Body

Background:

The proposed ordinance amends the eligibility and benefit provisions for the Charter Officers of the City {City Attorney, City Manager and Internal Auditor}.

 

City Attorney Review:

Approved as to form and legal sufficiency.  Legal review is attached.

 

Funding Source/Financial Impact:

Actuarial impact statement is forthcoming.

 

Timing of Request:

N/A