City of Hollywood - File #: R-2016-365

• File #: R-2016-365
• Version: 1
• Name: EXCESS BENEFIT PLAN
• Type: Resolution
• Status: Passed
• File created: 11/30/2016
• In control: Office of the City Manager
• On agenda: 12/14/2016
• Final action: 12/14/2016
• Title: A Resolution Of The City Commission Of The City Of Hollywood, Florida, Authorizing The Appropriate City Officials To Implement A Supplementary Pension Benefit Plan For Those City Employees Affected By The Limitations Imposed By The Internal Revenue Code, Including Section 415.

Date	Ver.	Action By	Action	Result
12/14/2016	1	Regular City Commission Meeting	adopt	Pass

Title

A Resolution Of The City Commission Of The City Of Hollywood, Florida, Authorizing The Appropriate City Officials To Implement A Supplementary Pension Benefit Plan For Those City Employees Affected By The Limitations Imposed By The Internal Revenue Code, Including Section 415.

Body

Staff Recommends:   Approval of Resolution

Explanation:

The purpose of the Plan is to provide benefits in excess of the limitations imposed by Internal Revenue Code SS415 for participants of each of the three defined benefit retirement plans covering employees of the City of Hollywood, Florida.

Recommended for inclusion on the agenda by:

Dr. Wazir Ishmael, City Manager

George R. Keller, Assistant City Manager / Finance & Administration

Tammie Hechler, Director of Human Resources