Ordinance No. 58-06-31 vORDINANCE NO. 58-06-31
AN ORDINANCE OF THE CITY OF ATLANTIC BEACH,
FLORIDA, AMENDING CHAPTER 2, ADMINISTRATION,
ARTICLE VI, DIVISION 3, GENERAL EMPLOYEE
RETIREMENT SYSTEM, TO INCREASES THE
EMPLOYEE CONTRIBUTION RATE; PROVIDING FOR
SEVERABILITY AND PROVIDING FOR AN EFFECTIVE
DATE.
WHEREAS, the City of Atlantic Beach, Florida has an interest in the future
retirement of its employees and wishes to improve the retirement systems whenever
feasible; and
WHEREAS, the City desires to remain competitive in the local area with respect
to salary and benefits offered to its employees.
WHEREAS, the City and certain employee representation groups have agreed to
specific provisions through the collective bargaining process; and
WHEREAS, the City Commission has received and reviewed an actuarial impact
statement related to this change; and
NOW THEREFORE, BE IT ENACTED BY THE CITY COMMISSION ON
BEHALF OF THE PEOPLE OF THE CITY OF ATLANTIC BEACH, FLORIDA, That;
SECTION 1. Chapter 2, Administration; Article VI, Employee Benefits; Division 3,
General Employee Retirement System be amended as follows:
DIVISION 3. GENERAL EMPLOYEE RETIREMENT SYSTEM
Sec. 2-298. Member contributions.
(a) Member contributions for benefit group general shall be four (4) percent of
salary. Effective September 24, 2006, member contributions for benefit group
general shall be five (5) percent of salary and said contribution shall be
deducted from the member's pay and paid over into the retirement system at
least monthly.
SECTION 2. Severability
If any section, sentence, clause or phrase of this ordinance is held to be invalid
or unconstitutional by any court of competent jurisdiction, then said holding
shall in no way affect the validity of the remaining portions of this ordinance.
SECTION 3. Effective Date
This ordinance shall take effect immediately upon its passage and as soon as
the related payroll deduction items can be implemented.
PASSED by the City Commission on first reading on the ~~ day of
r ~ 2006.
PASSED by the City Commission at Public Hearing and final reading this
c7l 1'~n day of Y" ~ ~ 2006.
~~
Donald M. Wolfson
Mayor /Presiding Officer
ATTEST:
Donna L. Bussey
City Clerk
Approved as to form and correctness:
Alan Je
City A orney