| | | | | | | | CITY OF RIVIERA BEACH CITY COUNCIL AGENDA ITEM SUMMARY | | | | | | | |
| | | | | | | | Meeting Date: | 7/6/2016 | Agenda Category: | ORDINANCE ON FIRST READING |
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| | | | | | | | Subject: | Ordinance- Amending Chapter 14, Article 11, Section 14-23. Entitled Retirement Dates of the City's Code of Ordinance of the City of Riviera Beach Relating to the Retirement System for General Employees for a specific purpose. |
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| | | | | | | | Recommendation/Motion: | That the City Council Considers this ordinance. |
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| | | | | | | | Originating Dept | Human Resources | | Costs | Paid by Employee | User Dept. | Human Resources | | Funding Source | | Advertised | No | | Budget Account Number | | Date | | | | | Paper | | | | | Affected Parties | Not Required | | | |
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| | | | | | | | Background/Summary: | In 2011, the City Council approved an ordinance allowing former assistant city manager, Paul White to buy 5 months of what is termed “air time” in the City’s pension system. Mr. White paid the full actuarial cost to allow vesting at ten years—Mr. White was 5 months short of vesting at the time he terminated. Recently, the marina director, Ed Legue, made a similar request. This ordinance would allow Mr. Legue and any other similarly situated employee to buy time into the pension system within the parameters of the ordinance. The ordinance will automatically sunset on January 1, 2017. Mr. Legue will bear the entire actuarial cost. At this time the pension board is calculating the amount that would be owed if Mr. Legue bought 2 years of “air time. “ |
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| | | | | | | | Fiscal Years | 2016 | | | | | Capital Expenditures | N/A | | | | | Operating Costs | | | | | | External Revenues | | | | | | Program Income (city) | | | | | | In-kind Match (city) | | | | | | Net Fiscal Impact | | | | | | NO. Additional FTE Positions
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| | | | | | | | A. Finance Department Comments: | | | B. Purchasing/Intergovernmental Relations/Grants Comments: | | | C. Department Director Review: | |
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| | | | | | | | Contract Start Date | | Contract End Date | | Renewal Start Date | | Renewal End Date | | Number of 12 month terms this renewal | | Dollar Amount | | Contractor Company Name | | Contractor Contact | | Contractor Address | | Contractor Phone Number | | Contractor Email | | Type of Contract | | Describe | |
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REVIEWERS: | Department | Reviewer | Action | Date | Human Resources | Monroe, Luecinda | Approved | 6/29/2016 - 5:28 PM |
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