Exh 8DAgenda Item:
Date: 10 - 1 ~ - ~9
CITY OF ATLANTIC BEACH
CITY COMMISSIONER MEETING
STAFF REPORT
ITEM: Establishment of Pension Boards
SUBMITTED BY: George Foster, Human Resource Manager
DATE: October 6, 1999
BACKGROUND: On March 12, 1999, Governor Bush signed into law CS/HB 261,
which substantially amended Chapters 175 and 185, Florida
Statutes dealing with FirelPolice Pension Funds. One of the
changes mandated was the requirement to have separate pension
boards for General employees and Public Safety employees.
Therefore the City is required to establish a General Employee
Pension Board and a Public Safety (Police} Pension Board effective
October 1, 1999.
FUNDING: This action should not result in any additional direct cost or
funding.
RECOMMENDATION: That the City Commission establish a "joint" General Employee
Board and a Police Employee Board with the as many of the same
members as possible. This recommendation is based upon the
subject matter that the Boards consider being common to both
Boards. Therefore, the Boards would hold one joint meetings with
two sets of minutes and two separate votes taken on action items.
The current Pension Board members concur with this action and
the Pension Board attorney has indicated that it is a common
practice where there are small pension groups.
Therefore, request that the City Commission appoint the following
current Board Members (Cindy Anderson and Tony Downing) as
members to both the General Employee Board and to the Police
Employee Board.
CITY MANAGER:
.__~~ ~
Attachment: Pension Board Chart ~
PENSION BOARDS
CURRENT COMBINED NEW GENERAL NEW POLICE
BOARD BOARD BOARD
1. Appointed by Commissioners 1. Appointed by Commissioners 1. Appointed by Commissioners
Note 1 Note 1 Note 1
2. Appointed by Commissioners 2. Appointed by Commissioners 2. Appointed by Comrrussioners
Note 1 Note 1 Note 1
3. Elected by General Employees 3. Elected by General Employees
Note 2 Note 2
4. Elected by General Employees
Note 2
4. Elected by Police Employees 3. Elected by Police
Note 3 Note 3
4. Elected by Police
Note 3
5. Selected by Board 5. Selected by Board ~. Selected by Board
Note 4 Note 4 Note ~
Total = ~ Total for Joint Board = From seven (7) to ten (10)
Seven (7) if members 1, 2, and 5 are the same.
NOTES:
1. Must be a legal resident of the City of Atlantic Beach.
2. Must be a active~eneral~mployee and a member of the Plan.
3. Must be a active police officer and a member of the Plan.
4. Chosen by a majority of the four Board members. Must be a legal resident of the City.
5. Chosen by a majority of the four Board members. Does not have to be a legal resident of the
City.
COMMENTS:
1. Term of office for Bard members will be:
a) 4 years for General Board members, and
b) 2 years for Police Board members.
2. Board members may succeed themselves.
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