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HomeMy WebLinkAboutDocumentation_Pension Public Safety_Tab 20_11/03/2008~~z~~ifa~`-~~~~~. ATTORNEYS AT LAW 1 I I I Hypoluxo Road, Suite 207 lOHN CORBETT TELEPHONE (561) 586-7116 TRELA 1. WHITE TELECOP[ER (56I 1586-9611 BRADLEY W. BIGGS*^ KEITH W. DAVIS*^ *StateCertifiedCountyand R. MAX LOHMAN** Circuit Court Mediator MICHAEL B. STEINBAUM ** Certified County Court Mediator ^ Board Certified in Ciry, County and Local Government Law MEMORANDUM TO: Michael Couzzo, Village Manager FROM: Trela J. White, Esq. DATE: September 29, 2008 RE: Police Chiefs request to withdraw from Public Safety Officers' Pension Trust Fund ("the "Plan") Apparently a question has arisen regarding the ability of the Police Chief to withdraw from the above-referenced pension plan. Accordingly, I offer the following: 1. Section 3 of the Plan clearly states that participation is optional for the Police Chief and the Fire Chief. 2. There is nothing in the Plan document that indicates any deadlines for election to participate by either the Police Chief or the Fire Chief. 3. The Plan is also silent as to any time limits which must be adhered to by either the Police Chief or the Fire Chief should they choose to withdraw from the Plan. 4. Thus, since participation in the Plan by the Police Chief or the Fire Chief is optional, and since there are no deadlines or time limits set forth in the Plan document for participation or withdrawal, it is my opinion that the Police Chief may withdraw from participation in the Plan at any time. If the Police Chief has less than six (6) years of credited service, he is entitled to a refund of his accumulated contribution (i.e., his own contribution without interest) or may leave it deposited with the fund pursuant to Section 1 I of the Plan. Should you have any questions regarding this matter, please do not hesitate to contact me. Y.~docsTequata Letters & MemosMmw•Wahdrau PrnionPlan-O8.doc Laur, Betty From: McWilliams, Lori Sent: Thursday, September 25, 2008 4:14 PM To: Laur, Betty; 'Trela White' Cc: Reid, Merlene Subject: FW: Pension System Condition of Eligibility Attachments: ATT4205740.jpg Betty, I have discuss this with Michael. Please place it on the next Pension agenda for the Pension Board to approve. Michael says he does not need to provide documentation regarding what Bonni has mentioned below. He stated the Chief has the right to opt out of the pension plan. He asked me to have Trela write a memo that affect. Trela, Please write a letter to the Public Safety Pension Board explaining the Chief is taking advantage of his ability to opt out of the pension plan and that Council has approved this according to the plan document. Thanks. Lori From: Reid, Merlene Sent: Wednesday, September 24, 2008 4:10 PM To: McWilliams, Lori Subject: FW: Pension System Condition of Eligibility Lori, Here's what Bonni had sent back in July when Mike had asked me to look into it. Mike would need to provide this documentation to the Pension Board, which was not included in the information to the Council. Merlene From: Bonni S. Jensen [mailto:bsjensen@hpjlaw.com] Sent: Friday, July 25, 2008 12:13 PM To: Reid, Merlene Cc: McWilliams, Lori; Karen Amenita; Angela Twomey Subject: Re: Pension System Condition of Eligibility Merlene, If the Village Manager wants to provide the Pension Board with documentation that he improperly advised the Chief about his options under the pension plan, then the Chief can request to be withdrawn from the Plan from the Board. He would be entitled to a refund of his contributions without interest. If the Trustees approve the withdrawal the Chief should sign a release, acknowledging both that he is leaving the defined benefit program and that he cannot re-enter into the defined benefit plan. Future Police and Fire Chiefs should be required to sign a document opting into or out of the plan, based on the below plan language: Section 3. Membership. 1. Condition of Eligibility All full time Police Officers and Firefighters as of the effective date, and all future new full time Police Officers and Firefighters shall become Members of this System as a condition of employment, except that participation in this system is optional for the Police Chief and the Fire Chief. If you have any questions, please contact me. Bonni S. Jensen <bs~ensen@hpjlaw.com> Hanson, Perry & Jensen, P.A. 400 Executive Center Drive, Suite 207 West Palm Beach, Florida 33401 Telephone: (561)686-6550 Facsimile: (561)686-2802 CONFIDENTIALITY NOTICE: This communication is confidential, may be privileged and is meant only for the intended recipient. If you are not the intended recipient, please notify the sender ASAP and delete this message from your system. IRS CIRCULAR 230 NOTICE: To the extent that this message or any attachment concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Reid, Merlene wrote: Bonni, Chief McCollom and the Village Manager have asked me to look into this again. Apparently, the Village Manager misinformed the Police Chief when he was hired in July 2007, telling him that it was compulsory for him to join the Public Safety pension plan, and the Chief has indicated that this is the only reason he joined. They have asked me to check if he can withdraw at this stage, if the Village Manager is willing to sign that he misinformed the Chief. Merlene Merlene Reid, SPHR Human Resources Manager Village of Tequesta 345 Tequesta Drive Tequesta, FL 33469-0273 Tel: (561J 575-6200 x256 Fax: (561 J 575-6203 2 From: Bonni S. Jensen [mailto:bsjensenCa~hpjlaw cam] Sent: Tuesday, December 04, 2007 1:44 PM To: Reid, Merlene Cc: McCollom, William; McWilliams, Lori; Laur, Betty; Archive Subject: Re: Pension System Condition of Eligibility Merlene, Your impression is correct. The option for the Chief not to participate was to be a decision that the Chief made before he entered into the Plan. Reid, Merlene wrote: Will, I'll have to get guidance from the Pension Attorney on this as I read the plan and confirmed that participation in this system is optional for the Police Chief and the Fire Chief. However, I'll need to confirm whether or not you have the option to terminate once you are in. This is not addressed in the plan, which leaves me with the impression that once you are in, you can only leave via the options available to the other plan members. Merlene Merlene Reid, SPHR Human Resources Manager Village of Tequesta 345 Tequesta Drive Tequesta, FL 33469-0273 Tel: (561) 575-6200 x256 Fax: (561J 575-6203 From: McCollom, William Sent: Tuesday, December 04, 2007 11:29 AM To: Reid, Merlene Cc: Archive Subject: FW: Pension System Condition of Eligibility I would like to take my money out of the pension plan and place it in the ICMA 457 plan. Thanks Chief William E. McCollom Tequesta Police Department 357 Tequesta Drive Tequesta, Fl 33469 (561) 744-4019 (561) 745-7877 FAX wmccollom@te uesta.or Florida has a very broad public records law. Most written communications to or from state or local officials regarding state or local business are considered to be public records and will be made available to the public and the media upon request. Therefore, your email message is subject to disclosure. From: Weinand, James Sent: Monday, December 03, 2007 4:00 PM To: McCollom, William; Reid, Merlene Cc: Archive Subject: Pension System Condition of Eligibility Section 3. Membershia. 1. All full time Police Officers and Firefighters as of the effective date, and all future new full time Police Officers and Firefighters shall become Members of this System as a condition of employment, except that participation in this system is optional for the Police Chief and the Fire Chief. Bonni S. Jensen <bsjensen@hpjlaw.com> Hanson, Perry & Jensen, P.A. 400 Executive Center Drive, Suite 207 West Palm Beach, Florida 33401 Telephone: (561)686-6550 Facsimile: (561)686-2802 CONFIDENTIALITY NOTICE: This communication is confidential, may be privileged and is meant only for the intended recipient. If you are not the intended recipient, please notify the sender ASAP and delete this message from your system. IRS CIRCULAR 230 NOTICE: To the extent that this message or any attachment concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law. *** eSafe scanned this email for malicious content *** *** IMPORTANT: Do not open attachments from unrecognized senders *** 4 Laur, Betty From: McWilliams, Lori Sent: Wednesday, September 24, 2008 3:58 PM To: Laur, Betty Subject: Chief of Police and Pension Fund Attachments: 2008.pdf Betty, I believe you and I previously discussed this. Please use this backup on the November Public Safety Agenda. The Chief requested Council approval to be removed from the Pension Fund and Council agreed. Lori ' ~ '~ VILLAGE OF TEQUESTA A,~r. ~~ ~ AGENDA ITEM TRANSMITTAL FORM 1. VILLAGE COUNCIL MEETING: Meeting Date: 09/ 11 /08 Meeting Type: Regular Ordinance #: ': c~k here to enter tex.'. Consent Agenda: ~~~~ose an item. Resolution #: ' '; k here ~:-:.~nte~ t~ ,Yt Originating Department: Village Manager 2. AGENDA ITEM TITLE: (Wording form the SUBJECT line of your staff report) Authorizing to approve a 5% matched contribution to Chief McCollom's ICMA account in lieu of the Village of Tequesta Pension Plan 3. BUDGET /FINANCIAL IMPACT: Account #: Eck here to enter text Current Budgeted Amount Available Amount of this item: pick here to enter text Amount Remaining after item: Budget Transfer Required: hcne .~" ~ Appropriate Fund Balance: ';hoose an item 4. EXECUTIVE SUMMARY OF MAJOR ISSUES: (This is a snap shot description of the agenda item) Authorizing to approve a 5% matched contribution to Chief McCollom's ICMA account in lieu of the Village of Tequesta Pension Plan. In addition all current funds in the Villages Pension Plan are requested to be placed in his ICMA account. ~. Arrrcwf-~s: _ _ __. Dept. Head: _ - ~'" Finance Director: S'`"~0`"`' ~ "" Attorney: (for legal sufficiency) Yes 0 No ^ --- -. :._- _- Village Manager: - ~ `" • SUBMIT FOR COUNCIL DISCUSSION: • APPROVE ITEM: C~" • DENY ITEM: ^ MEMORANDUM Village of Tequesta Administration TO: Village Council FROM: Michael Couzzo, Village Mana DATE: September 5, 2008 SUBJECT: Authorizing to approve a 5% matched contribution to Chief McCollom's ICMA account in lieu of the Village of Tequesta Pension Plan Attached for your review and approval is a memo from Chief McCollom requesting to opt out of the Village of Tequesta's Pension Plan with consideration of an ICMA match. He is requesting his current contributions be placed in his ICMA account and any future contributions matched up to 5% of his salary. I have reviewed this memo and based upon his request, I believe this will reduce our cost. I respectfully request that Council approve this request. ~~ , ~E~„rY~,q ~` TEQUESTA POLICE DEPARTMENT ~"~ ~~` '0ouc .f~" MEMORANDUM ni 'C' ~, To: Michael R. Couao, Jr. Village Manager From: Chief William McCollo Date: September 3, 2008 Subject: VOT PENSION PLAN A' ~9. Per our recent discussions, I understand that I can opt not to participate in the VOT Pension Plan. Therefore, in lieu of the participation in the pension plan I would respectfully request that you consider providing mean ICMA match. I am currently in the ICMA program through the Village of Tequesta; however, my contribution is not matched. If it is feasible, I would request that my contribution to the pension plan to-date is placed in my ICMA account and any future contributions are matched up to 5% of my salary. Thank you for any consideration you can give to my request. nP-d ~a, zoa~ EXHIBIT "B" VILLAGE OF TEQUESTA PUBLIC SAFETY OFFICERS' PENSION TRUST FUND Section 1. Creation of Pension Trust Fund The Village of Tequesta hereby creates and continues the Village of Tequesta Public Safety Officers' Pension Trust Fund for the purpose of providing retirement, death and disability benefits to Police Officers and Firefighters who are Members of this Fund, certain fom~er Vii{age Police Officers and Firefighters and survivor benefits to beneficiaries. 1. Statement of Definitions As used herein, unless otherwise defined or required by the context, the following words and phrases shall have the meaning indicated: Accumulated Contributions means a Member's own contributions without interest. Actuarial Equivalent means a benefit or amount of equal value, based upon the mortality tables utilized by the Board's actuary or actuaries, and an 8% rate of interest. Average Final Compensation shall mean one-twelfth (1/12} of the average salary of the five (5) best years of the last ten (10) years of credited service prior to retirement, termination, or death or the career average as a full time Firefighter or Police Officer, whichever is greater. A year shall be twelve (12) consecutive months. Beneficiary means the person or persons entitled to receive benefits hereunder at the death of a Member who has or have been designated in writing by the Member arx! filed with the Board. If no designation is in effect, or if no person so designated is living, at the time of death of the Member, the beneficary shall be the estate of the Member. Board or Board of Trustees mean the Public Safety Board of Trustees, which shall administer and manage the System herein provided and serve as Trustees of the Fund for the benefit of Village Police Officers and Firefighters and their beneficiaries. h e means Chapters 175 and 185 of the Florida Statutes as amended from time to time. Cade means the Internal Revenue Code of 1986, as amended from time to time. Page 1 of 35 April 14, 2005 Credited Service means the total number of years and fractional parts of years of service as a Police Officer, or Firefighter who makes member contributions to the Plan, omitting intervening years or fractional parts of years when such Police Officer or Firefighter may not have been employed by the Village of Tequesta. A plan member may voluntarily leave his/her contribution in the Fund for a period of five (5) years after leaving the employ of the Village of Tequesta pending the possibility of being rehired in a full time position by the Village of Tequesta without losing txedit for the time of active partiapation as a plan member. Should the employee not be re-employed with the Village of Tequesta in a full time capacity within five (5) years, his/her contributions shall be returned to him/her without interest. Should a Police Officer or Firefighter be subsequently re-employed as such, he or she may re-purchase his or her years of credit or fractional parts of years of credit by reimbursing such returned contribution to the Fund, with interest The years or fractional parts of years that a Firefighter, or Police Officer serves in the militaryservice of the Armed Forces of the United States orthe United States Merchant Marine, voluntarily, upon being granted leave by the Village of Tequesta and separation from employment as a Village of Tequesta plan member, shag be added to his/her years of credited service for all purposes including vesting, provided that: A. The Firefighter or Police Officer must return to his/her full time employment with the Fire Department or Police Department within one (1) year from the date of his/her military discharge. B. The maximum credit for military service shall be five (5) years. Effective Date means the date on which this Ordinance becomes effective. Fire Department means the Tequesta Fire Department. i eF r fighter means an actively employed full-time person employed by the Fire Department, including his/her initial probationary employment period, who is certified or required to be certified as a Firefighter as a condition of employment in accordance with the provisans of 633.35 Florida Statutes, including paramedic, and whose duty is to extinguish fires, to protect life and to protect properly . Fund means the Trust Fund established herein as part of the System. Member means an actively employed Police Officer or Firefighter that fulfills the applicable prescribed membership requirements. Police Department means the Tequesta Police Department. Police Officer means any person who is elected, appointed, or employed full time Page 2 of 35 April 14, 2005 by the Village, who is certified or n~uired to be certified as a law enforcement officer in compliance with Florida Statute 943.1395, who is vested with authority to bear arms and make arrests, and whose primary responsibility is the prevention and detection of crime or the enforcement of the penal, criminal, traffic or highway laws of the state. This definition includes all certfied supervisory and command personnel whose duties include, in whole or in part, the supervision, training, guidance, and management responsibilities of full~ime law enforcement officers, part-time law enforcement officers or aubliary law enforcement officers as the same are defined in F.S. 943.10(6) and (8) respectively. Police Officer also shall include a public safety officer who is responsible for performing both police and fire services. Public Safety, oard means the Public Safety Board of Tn~stees provided hereunder to administer and manage Funds for the benefit of Public Safety Officers. Pu li fety Officers means Firefighters and/or Police Officers. Salary means the total cash remuneration paid to a police officer or firefighter for services rendered. Spouse means the lawful wife or husband of a plan member at the time of pre- retirement, death or retirement. Statement of Investment Polic_„y means the written investment policy adopted by the Board pursuant to this Ordinance and F.S. 112.661, et seq., which shall apply to funds under the oontrd of each board. ~y3s e~i means the Village of Tequesta Public Safety Officers' Pension Trust Fund as contained herein and all amendments thereto. Vested deferred refinement means a Member who leaves the employ of the Village with 6 or more years of credited service and who is not eligible for any retirement benefit. This benefit is payable at early or normal retirement. Villaoe means the Village of Tequesta, Florida. 2. Masculine Gender. The masculine gender, where used herein, unless the context specifically requires otherwise, shall include both the feminine and masculine genders. Page 3 of 35 AprN 14, 2005 All full time Police Officers and Firefighters as of the effective date, and all future new full time Police Officers and Firefighters shall become Members of this System as a condition of employment, except that participation in this system is optional for the Police Chief and the Fire Chief. 2. Membership Each full time Police Officer or Firefighter shall complete a form prescribed by the Board which may include the folbwing information: A. Acceptance of the terms and conditions of the Retirement System, and, B. Designatan of a beneficiary or benefiaaries, and, C. A certified statement as to prior medical andlor psychological history. 3. Chance in signation of Benue A member may from time to time change hislher designated beneficiary by written notice to the Board upon forms provided by the Board. Upon such change, the rights of all previously designated beneficiaries to receive any benefits under the System shall cease. Section 4. Board of Trustees 1. The sole and exclusive administration of and responsib~ity for the proper operation of the retirement system and for making effective the provisions of this ordinance is hereby vested in a Board of Trustees. The Public Safety Board shall consist of five (5) Trustees, two (2) of whom, unless otherwise prohibited bylaw, shall be legal residents of the Village, who shall be appointed by the Tequesta Vilage Counal, and one (1) of whom shalt be a full-time Police Officer member of the System and one (1) of whom shall be afull-time Firefighter member of the System. The fifth (5"') Trustee shall be selected by a majority vote of the other four (4) Trustees. Each person seeking to fill a designated employee representative Board member seat shall be separately elected by their fuN-time co-workers who are members of the System in the applicable employee representative group, e.g. Police Officer or Firefighter in which they are employed and shall be elected by a majority of the fuA-time employees who are Members of the System within the applicable employee representative group. Upon receipt of the fifth (5"') person's name the Tequesta V~lage Counal shall, as a ministerial duty, appoint such person to the Public Safety Board as its fifth (5"') Trustee. Page 4 of 35