Title
An Ordinance Of The City Of Hollywood, Florida, Amending Section 33.025 Of The Code Of Ordinances Relating To The Employees’ Retirement Fund; Allowing Certain Members Of The Fund To Purchase Credited Service For Prior City Service.
Body
Staff Recommends: Approval of the Resolution.
Explanation:
When a City employee is a member of the Employees’ Retirement Fund but has prior City service that is not considered credited service under the Employees’ Retirement Plan, the ability to purchase credited service for such prior service is limited. The City Commission wishes to allow more such employees to purchase credited service for prior City service.
Section 33.031 of the Code of Ordinances provides that the subchapter of Chapter 33 relating to the Employees' Retirement Fund may be amended by (a) a "majority plus one" vote of the City Commission and 50% plus one of the voting members of the Employees' Retirement Fund or (b) a majority vote of electors voting in a referendum election called for such purpose by the City Commission. It is expected that the amendments contained in this ordinance will be adopted in accordance with the procedure designated as (a) in the preceding paragraph, and, to accomplish that, this ordinance must be adopted by a "majority plus one" vote of the City Commission;
Recommended for inclusion on the agenda by:
Dr. Wazir A. Ishmael, City Manager
Douglas R. Gonzales, City Attorney