LEGISLATIVE ACTION ITEM
SPONSOR: Grover C. Robinson, IV, Mayor
SUBJECT:
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PROPOSED ORDINANCE NO. 52-21 - GENERAL PENSION & RETIREMENT PLAN ORDINANCE AMENDING TERMS OF EMPLOYEE ELECTED BOARD MEMBERS
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RECOMMENDATION:
recommendation
That City Council adopt Proposed Ordinance No. 52-21 on second reading.
AN ORDINANCE AMENDING SECTION 9-4-103 OF THE CODE OF THE CITY OF PENSACOLA, FLORIDA, PENSION BOARD TO PROVIDE FOR SIX YEAR TERMS FOR EMPLOYEE ELECTED MEMBERS OF THE PENSION BOARD FOR THE GENERAL PENSION AND RETIREMENT FUND OF THE CITY; PROVIDING FOR SEVERABILITY; REPEALING CLAUSE; AND PROVIDING AN EFFECTIVE DATE.
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HEARING REQUIRED: No Hearing Required
SUMMARY:
The Board of Trustees of the General Pension and Retirement Plan met on Wednesday, November 10, 2021 and discussed the terms of the employee elected members of the Board. After discussion, the Board of Trustees voted to prepare an ordinance for City Council’s approval changing the employee elected members of the Board from a 2 year term to a 6 year term which is the same as the Council appointed terms.
PRIOR ACTION:
December 16, 2021 - City Council voted to approve Ordinance No. 52-21 on first reading.
FUNDING:
N/A
FINANCIAL IMPACT:
None
LEGAL REVIEW ONLY BY CITY ATTORNEY: Yes
11/18/2021
STAFF CONTACT:
Kerrith Fiddler, City Administrator
Amy Miller, Deputy City Administrator - Administration & Enterprise
Amy Lovoy, Finance Director/Plan Administrator
ATTACHMENTS:
1) Proposed Ordinance No. 52-21
PRESENTATION: No end