HomeMy WebLinkAboutCity of Tamarac Ordinance O-1986-0591
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Introduced by R'% Temp. Ord. #1294
Rev. 10/8/86
Rev. 10/16/86
CITY OF TAMARAC, FLORIDA
ORDINANCE NO. 0-86-
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) (3), AMEND-
ING ORDINANCE 86-34 AND ORDINANCE 86-39 AND
BY THE ADOPTION OF NEW SUBSECTIONS (f) (3);
PROVIDING FOR MEMBER CONTRIBUTIONS TO THE
CITY OF TAMARAC RETIREMENT PLAN; PROVIDING
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.
THEREFORE, BE IT ORDAINED BY THE CITY OF TAMARAC, FLORIDA:
SECTION 1: That Section 1 of Ordinance No. 0-86-34 as
adopted by the City Council, City of Tamarac, June 11, 1986,
and Section 1 of Ordinance 86-39 adopted by Council June 25,
1986 are amended to read as follows:
A. Amount.
All current and future participants in the Retire-
ment Plan shall make- regular contributions at a
rate of ona Terrant (1. five percent (51) of
earnings-,.aad Fire Pigbters—and -Police Officers
shall
(5%) of —ear-xi-i gs-. Member contributions shall be
deposited in the fund on at least a monthly basis.
The City agrees to assume and pay member contri-
butions in lieu of direct contributions by the
members. No member subject to such agreement shall
have the option of choosing to receive the contri-
buted amounts directly instead of having them paid
by the City directly to the plan. All such contri-
butions by the City shall be deemed and considered
as part of the Members Accumulated Contributions
and subject to all provisions of this plan pertain-
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ing to Accumulated Contributions of Members. The
intent of this language is to comply with Section
414 (h) (2) of the Internal Revenue Code. The City
Manager shall notify each participant in the
Retirement Plan of said Amendment and shall file
the required documentation with the State Depart-
ment of Administration, Division of Retirement in
Tallahassee consistent with the laws, rules, and
regulations as promulgated by said department.
SECTION 2: That Section 2 of Ordinance No. 0-86-34
adopted by the City Council on June 11, 1986,and Section 2 of
Ordinance 86-39 adopted by Council June 25, 1986 are hereby
amended to read as follows:
3. City Contributions.
a. So long as this system is in effect, the City
shall make an annual contribution to the Trust Fund
in an amount determined by an actuary to fund the
plan on a sound basis and in compliance with any
applicable federal and state requirements.
b. That, effective j,ne 11986 October 1, _1986,._
the City agrees to pay the five percent (5%)
employee contribution for Ql ;ro Offs -.arg and R; ro
Fighters into the City of Tamarac Retirement Plan
for all such participants of the Plan. The
economic value of the City paying the employee
retirement contribution is equivalent to an in-
crease in base pay of five percent (5%), or great-
er, due to the deferral of income taxes.
c. That effective june—k 1986, October �1, 1986,_
the City will reduce the amount of base pay which
is distributed on a current basis by five percent
(5%) to Police C&ffsprs—end Fire Fighters -4L11
participating participants 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
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be added to the amount distributed on a current
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basis in order to determine total wages.
e. That, effective 4une 1, 1986, October 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, other than 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 owe r-ent (1%). five percent (5%) or
greater due to the deferral of Income taxes.
f . That, effective Jane 1, 1986, October 1, 1986,
the City will reduce the amount of base pay which
is distributed on a current basis by one percent
five percent (5%) to all Employees of the
City otherthan n liee 99 f • eers and
FiFefighteray
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 such 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.
SECTION 3: All Ordinances or parts of Ordinances in
conflict herewith are hereby repealed to the extent of such
conflict.
SECTION 4.. 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.
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,SECTION 5: Specific authority is hereby granted to
codify this ORDINANCE.
,SECTION 6: This Ordinance shall become effective
immediately upon its final passage.
PASSED FIRST READING this day of O1986.
PASSED SECOND READING this aRA day of 1986.
ATTEST:. —
CITY CLERK
I HEREBY CERTIFY that I have
approved the form and correctness
of this ORDINANCE.
BERNARD
MAYOR
MAYOR: HART u''
DIST. 1: C/W MASSARO
DIST. 2: V/M STELZER -.�
DIST. 3: C110 GOTTESMAN
DIST. 4: C/M STEIN
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