HomeMy WebLinkAboutOrdinance_03-19_08/09/2018 ORDINANCE NO. 3-19
AN ORDINANCE OF THE VILLAGE COUNCIL OF THE VILLAGE OF
TEQUESTA, FLORIDA, ADOPTING A ONE TIME OPPORTUNITY FOR
POLICE OFFICERS HIRED AFTER FEBRUARY 1, 2013 TO OPT OUT
OF PARTICIPATION IN THE DEFINED BENEFIT PENSION PLAN AND
REMAIN A PARTICIPANT IN THE DEFINED CONTRIBUTION
PROGRAM; PROVIDING A CONFLICTS CLAUSE, A SEVERABILITY
CLAUSE, AN EFFECTIVE DATE; AND FOR OTHER PURPOSES.
WHEREAS, the state of Florida Municipal Police Officers and Firefighters
Retirement Trust Funds Office has approved the Public Safety Officers Pension Trust
Fund to again receive "Chapter 185" money in conjunction with participation in a defined
benefits plan with the restoration of all benefits for police officers who are in the Village's
current defined contribution plan and who were hired after February 1, 2013; and
WHEREAS, the state of Florida Municipal Police Officers and Firefighters
Retirement Trust Funds Office has also approved a one-time opt out from participation
in the defined benefits plan for any police officers who choose to remain in the defined
contribution plan; and
WHEREAS, as a result of negotiations between the Village and the police union,
the Village Council of the Village of Tequesta desires to amend the Public Safety
Officers' Pension Trust Fund by incorporating provisions of the recently negotiated and
approved police officers colVective bargaining agreement, including participation in the
defined benefit plan, and including the one-time opt out opportunity; and
WHEREAS, the Village Council of the Village of Tequesta desires to permit any
Police Officers hired after February 1, 2013 to exercise a one-time only opt out of
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participation in the Public Safety Officers' Pension Trust Fund (defined benefit plan);
and
WHEREAS, the Village Council has determined that providing the one time
opportunity to opt out of the defined benefit plan as described herein is in the best
interest of the police officer employees and the citizens of the Village.
NOW, THEREFORE, BE IT ORDAINED BY THE VILLAGE COUNCIL OF THE
VILLAGE OF TEQUESTA, PALM BEACH COUNTY, FLORIDA, AS FOLLOWS:
Section 1: During the period from the effective date of this Ordinance up to and
including April 1, 2019, Police Officers hired after February 1, 2013 may affirmatively opt
not to participate in the defined benefit Public Safety Officers' Pension Trust Fund and
continue to participate in the Village's defined contribution plan. This is a one-time
opportunity. All Police Officers who do not affirmatively and voluntarily opt out of
participation will be moved in the Public Safety Officers Pension Trust Fund as provided
for in Ordinance 2-19, adopted simultaneously with this Ordinance.
Section 2: All Ordinances or parts of Ordinances in conflict herewith be and the
same are hereby repealed.
Section 3: Should any Section or provision of this Ordinance or any portion
thereof, any paragraph, sentence, or word be declared by a court of competent
jurisdiction to be invalid, such decision shall not affect the validity of the remainder of
this Ordinance.
Section 4: This Ordinance shall take efFect June 1, 2018.
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ORDINANCE � � Date
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3-19 03/14/2019
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Upon Second Reading
Motion Council Member Vince Arena Second Council Member Laurie Brandon
VOTE
FOR ADOPTION AGAINST ADOPTION ABSENT
Mayor Abigail Brennan � � �
Vice-Mayor Tom Paterno � � �
Council Member Vince Arena � � �
Council Member Laurie Br•andon � � �
Council Me�nbel•Kristi Johnson � Abstained due to � �
voling conflict
The Mayor�thereupon declared the Ordinance duly passed and adopted.
MAYOR OF TEQUESTA ATTEST:
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Abigail� renna Lori McWilliams, MMC ��,, E4,'�9��OQ�
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Village Clerk �,,,,,,,O��F«,,,,,,.