Title
An Ordinance Of The City Of Hollywood, Florida, Amending Chapter 33 Of The Code Of Ordinances Titled "Police Officer's Retirement System", Incorporating Various Corrections To The Retirement System Based On An Agreement With The Fraternal Order Of Police, Lodge #24, Including Changes To Preretirement Death Benefits.
Strategic Plan Focus
Financial Management & Administration
Body
Staff Recommends: Approval of the attached Ordinance.
Explanation:
SECOND READING:
Change was made to clarify under this provision shall not be retroactive and shall instead begin on July 4, 2024.
FIRST READING:
The Fraternal Order of Police (“FOP”), Lodge #24 and the City have agreed to revisions to the Collective Bargaining Agreement for the period commencing October 1, 2022, and terminating September 30, 2025. Included in that agreement are changes to the Police Officer’s Retirement System. As Chapter 33 regulates the Pension Plan, in order to make the agreed upon changes official, it is necessary to incorporate them into the Code of Ordinances.
Section 33.138 of the City’s Code of Ordinances requires, as one of the two alternative procedures to amend the police officers’ pension plan, approval by a 5/7 vote of the City Commission and 50% plus one of the active members of the police officers’ pension plan. Prior to the adoption of this Ordinance on second reading, 50% plus one of the active members of the police officers’ pension plan will have to approve the amendments contained in this Ordinance.
Fiscal Impact:
These changes to the Ordinance will be funded as needed by the Police Pension Plan.
Recommended for inclusion on the agenda by:
Damaris Y. Henlon, Deputy City Attorney
Douglas R. Gonzales, City Attorney