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Resolution No. 15-02 RESOLUTION NO. 15-02 A RESOLUTION OF THE CITY OF ATLANTIC BEACH, FLORIDA, SUPPORTING POLICE OFFICERS AND FIREFIGHTERS; REQUESTING GOVERNOR SCOTT TO INVESTIGATE THE JACKSONVILLE POLICE AND FIRE PENSION FUND'S STABILITY AND SOLVENCY; PROVIDING FOR DIRECTION TO THE CITY CLERK; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, providing for and protecting the public's health, safety and welfare is the most important duty of any government; and WHEREAS, the Jacksonville Sheriffs Office, the Jacksonville Fire and Rescue Department and municipal Police Departments protect and serve our citizens every day with honor, distinction, integrity and pride; and WHEREAS, Duval County has entered into contractual agreements with Police and Fire employees for work performed, salaries paid and pensions; and WHEREAS, all members and beneficiaries of the plans have a right to expect and be assured of fair and equal treatment; and WHEREAS, all members and beneficiaries of the plans depend on these plans for their retirement income; and WHEREAS, the Duval County citizens, as taxpayers, are ultimately responsible for meeting these financial obligations; and WHEREAS, the citizens of Atlantic Beach, Florida are also citizens of Duval County and share in this obligation; and WHEREAS, all interested parties deserve to have a clear understanding of their obligations and benefits and must be confident in the financial stability and soundness of the pension plans; and WHEREAS, the soundness, structure and implementation of the pension plans has come under prolonged,wide-ranging and reasonable question; and WHEREAS, several factors are causing significant apprehension and concern by the public and civic leaders in Duval County; and WHEREAS,pension plans are governed by state laws, regulations and rules; and WHEREAS, Governor Rick Scott, as the elected leader of Florida's executive branch of government is charged with ensuring the public's health, safety and welfare; and WHEREAS, Governor Rick Scott has the power and authority to review and investigate pension funds; and WHEREAS, Representative Janet Adkins, as the Chair of the Duval Legislative Delegation, formally requested Governor Scott initiate a review and investigation through the Chief Inspector General and the Florida Department of Law Enforcement (FDLE) of the Jacksonville Police and Fire Pension Fund. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION ON BEHALF OF THE PEOPLE OF ATLANTIC BEACH, FLORIDA: SECTION 1. Intent and Purpose. The City of Atlantic Beach joins Representative Adkins in support of a thorough review and investigation by the Chief Inspector General and the Florida Department of Law Enforcement of the Jacksonville Police and Fire Pension Fund. Specifically, requesting the following to be investigated: a. Have all rules and laws of the State of Florida been followed in regards to the creation, management and funding of the Jacksonville Police and Fire Pension Fund? Specifically, were the rules and laws of the State of Florida followed in relation to the creation of a specific pension plan that was designated for only one or two beneficiaries? b. Have the rules and the laws of the State of Florida been followed in regards to the creation, management and regulation of the Deferred Retirement Option Program (DROP) accounts? Specifically, have the rules been followed in regards to the eligibility requirements into the DROP program? Are there participants in the DROP program that were allowed to enter the program early or allowed to stay in the program longer than the rules allow? c. The first step in restoring confidence to all parties should be to gather the historical facts to understand how this crisis arose. This combined with a balanced review will allow lawmakers to craft common sense solutions and to prevent any future occurrences. SECTION 2. Sustainability for the Long-Term. The City of Atlantic Beach strongly desires, and believes it is imperative for the safe and orderly operation of the county's protective services to have these plans solvent. Further, it is necessary to restore the public trust in the solvency and management of the pensions for county public service employees. These men and women serve, and or have served, to protect our citizens and provide for their health safety and welfare, in good faith, and deserve to have their pensions well managed in a fair, equitable and transparent manner. ormerinielownweempow SECTION 3. Distribution. The City Commission of the City of Atlantic Beach hereby authorizes and directs the City Clerk to send copies of this Resolution to Governor Rick Scott, all members of the Duval Legislative Delegation and the Commissions/Councils of all municipal bodies in Duval County. SECTION 4. Effective Date. This Resolution shall take effect immediately upon its adoption. PASSED AND ADOPTED by the City Commission of Atlantic Beach, Florida, on this 26th day of January, 2015. CaPijr/ CAROLYN V*OODS Mayor and Presiding Officer ATTEST: apith DONNA L. BARTLE, City Clerk impommemommapiminw