HomeMy WebLinkAboutCity of Tamarac Ordinance O-1986-0341
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Introduced by Tempe#
CITY OF TAMARAC, FLORIDA
ORDINANCE NO 0-86_ f
AN ORDINANCE OF THE CITY OF TAMARAC, FLORIDA,
AMENDING CHAPTER 19, PERSONNEL, OF THE CITY'S
CODE OF ORDINANCES AT SECTION 19-1.2, BY THE
REPEAL OF SUBSECTION (f)(1)a, AND (f)(3) AND
BY THE ADOPTION OF NEW SUBSECTIONS (f)(l)a,
AND (f)(3); PROVIDING FOR MEMBER CONTRIBUTIONS
TO THE CITY OF TAMARAC RETIREMENT PLAN; PRO-
VIDING THAT THE CITY OF TAMARAC WILL PAY
MEMBER CONTRIBUTIONS INTO THE CITY OF TAMARAC
RETIREMENT PLAN ON BEHALF OF ALL MEMBERS, AND
WILL REDUCE BASE PAY TO MEMBERS, IN AN AMOUNT
PROPORTIONATE TO SUCH CONTRIBUTIONS; PROVIDING
FOR A REPEALER; PROVIDING FOR SEVERABILITY;
PROVIDING FOR CODIFICATION; AND PROVIDING FOR
AN EFFECTIVE DATE,
NOW, THEREFORE, BE IT ORDAINED BY THE CITY OF TAMARAC,
FLORIDA:
SECTION 1: That Chapter 19, Personnel, of the City's
Code of Ordinances, at Section 19-1.2, Retirement Plan for
City Employees, shall be amended by the repeal of Subsection
(f)(l)a, and by the adoption of a new Section 19-1.2,
Subsection (f)(1)a., which shall provide in full as follows:
A. Amount.
All current and future participants in the
Retirement Plan shall make regular contributions at
a rate of five percent (5%)of earnings, and Fire
Fighters and Police Officers shall make
contributions at a rate of five percent (5%) of
earnings. Member contributions shall be deposited
in the fund on at least a monthly basis. In the
event that City agrees to assume and pay member
contributions in lieu of direct contri butions by
the members, such contributions shall accordingly
be paid into the plan on behalf of the members. No
member subject to such agreement shall have the
option of choosing to receive the. contributed
amounts directly instead of having them paid by the
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City directly to the plan. All such contributions
1 by the City shall be deemed and considered as part
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of the Members Accumulated Contributions and
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subject to all provisions of this plan pertaining
to Accumulated Contributions of Members. The
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. intent of this language is to comply with Section
414(h)(2) of the Internal Revenue Code.
It. The City Manager shall cause the City's Retirement
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Plan to be amended consistent with the terms of
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this section, shall notify each participant in the
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Retirement Plan of said Amendment and shall file
11 the required documentation with the State Depart-
12 ment of Administration, Division of Retirement in
13 Tallahassee consistent with the laws, rules, and
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regulations as promulgated by said department.
25 BECTIO11_2: 'Chapter 19, Personnel, of the City's Code of
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Ordinances, at Section 19-1.2, Retirement Plan for City
17 Employees, shall be amended by the repeal of Subsection
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(f)(3), and by the adoption of a new Section 19-1.2,
Subsection (f)(3) which shall provide in full as follows:
3. City Contributions.
27.
a. So long as this system is in effect, the City
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shall make an annual contribution to the Trust Fund
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to fund the total cost of the system as defined by
24 the actuarial study performed on the system.
25 b. That, effective June 1, 1986, the City agrees
26 to pay the five percent (5%) employee contribution
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for Police Officers and Fire Fighters into the City
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of Tamarac Retirement Plan for all such partici
29 pants of the Plan. The economic value of the City
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paying the employee retirement contribution is-
IL equivalent to an increase in base pay of five
percent (5%), or greater, due to the deferral of
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income taxes.
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c. That effective June 1, 1986, the City will
reduce the amount of base pay which is distributed
on a current basis by five percent (5%) to Police
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Officers and Fire Fighters participating in the
Plan. Income tax withholding will be reduced to
cover the amount of wages actually distributed or
made available to such employees.
d. That, for purposes of accruing pension benefits
and social security benefits, and for paying social
security taxes, and for all other purposes except
as specified in paragraph c. above, the amount of
employee contribution "picked -up" by the City will
be added to the amount distributed on a current
basis in order to determine total wages.
e. That, effective June 1, 1986, the City agrees
to pay the five percent (5%) employee contribution
into the City of Tamarac Retirement Plan for all
Employees of the City, and Police Officers and Fire
Fighters, who are participants of such Plan. The
economic value of the City paying the employee
retirement contribution is equivalent to an
increase in base pay of five percent (5%) or
greater due to the deferral of Income taxes.
f. That, effective June 1, 1986, the City will
reduce the amount of base pay which is distri-buted
on a current basis by five percent (5%) to all
Employees of the City, who are participating in the
Retirement Plan. Income tax withholding will be
reduced to cover the amount of wages actually
distributed or made available to such employees.
g. That, for purposes of accruing Pension benefits
and Social Security benefits, and for paying Social
Security taxes, and for all other purposes except
as specified in paragraph f. above, the amount of
employee contributions "picked -up' by the City will
be added to the amount distributed on a current
basis in order to determine total wages.
SECTION44 All Ordinances or parts of Ordinance in
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conflict herewith are hereby repealed to the extent of such
conflict.
SECTION_: Should any section or provision of this
Ordinance or any portion thereof, or any paragraph, sentence
or word be declared by a Court of competent jurisdiction to
be invalid, such decision shall not affect the validity of
the remainder hereof as whole or any part hereof, other than
the part declared to be invalid.
SECTION_6: Specific authority is hereby granted to
codify this ORDINANCE.
SECTION__'%_: This Ordinance shall become effective
immediately upon its final passage.
PASSED FIRST READING this /T�'d. y of . 1986.
PASSED SECOND READING this day of , 1986.
AA
ATTEST: A-CMAYDRvI
CITY CLERV4er<,�.
I HEREBY CERTIFY that I have
approved the form and correct-
ness of this ORDINANCE.
ITY ORNB �, j
129569 ' 286/p
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RECORD OF COUNCIL VOTE
MAYOR: HART
DIST. 1: C,/W MASSARO
DIST. 2: C/M STELZER
DIST. 3: C/M GOTTESMAN
DIST. 4: V/M STEIN
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