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