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APPENDIX A
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MEMORANDUM OF UNDERSTANDING ("MOU") WITH REGARD TO ALL FULL-
TIME PERSONNEL EMPLOYED BY THE VILLAGE OF TEGUESTA
REPRESENTED BY THE PALM BEACH COUNTY POLICE BENEVOLENT
ASSOCIATION, INC., WITHIN PERC BARGAINING UNIT NUMBERED 1615 AND
PERTAINING TO RETIREMENT
THE VILLAGE OF TEGUESTA, FLORIDA (hereinafter referred to as
"VILLAGE") and THE PALM BEACH COUNTY POLICE BENEVOLENT
ASSOCIATION, INC. (hereinafter referred to as the "PBX) agree as follows:
ARTICLE 29
RETIREMENT
Section 1. The Tequesta Public Safety Retirement Plan as currently written will remain
unchanged for the police officers hired between January 1, 1996 and June 9, 2011, except
as modified below.
Section 2. Full-time police officers hired between June 9, 2011 to May 31, 2018 who
elected to leave their existing 401(a) pian and join the reopened Tequesta Public Safety
Retirement Plan, and full-time Police Officers hired after May 31, 2018 will - receive the
same terms and conditions of the plan as the other Police Officers in the pian, except for
the following:
a.) Years of service will be credited at a rate of 2.75% per year, and
b.) The employee contribution rate will be six percent (6%) of salary.
Section 3. The Tequesta Public Safety Retirement Plan shall be modified to include an
individual defined contribution component (refer to Table 1).
These plan modifications are contingent upon receipt of the approximate funding outlined
in GRS' June 8, 2018, letter, as follows:
a.) $269,284.00 of 401(a) money will be transferred into the Tequesta Public
Safety Retirement Pian;
b.) $471,094.00 of previously unreceived Chapter 185 funds for FYE 2014-2017
will be received by the Village, which shall be used to offset required
contributions.
c.) All future Chapter 185 funds received can be used by the Village to offset
required contributions.
d.) The plan currently holds $333,315.00 in unused Chapter 185 money.
Bargaining unit members agree to forgo 50% of this money to the Village
(which can be used by the Village to offset required contributions), and to
divide the bargaining unit's portion between all bargaining unit members on a
pro -rated basis by months of service. These pro -rated shares of Chapter 185
monies shall be deposited into individual defined contribution share accounts
as defined in Section 3, based on the calculations outlined in Table 1 below
and shall be subject to the plan's rate of return.
Table 1
Section 4. Upon ratification of this MOU by both parties, the Village will take appropriate
legislative steps to amend the Village ordinance that establishes the Public Safety
Officers' Pension Trust Fund to incorporate the abovementioned agreement of the parties
reached in collective bargaining sessions.
Name
Eligibility Date
Shared Amounts
1.
Smolen, Keith
2/6/2001
$
27,479.40
2.
Fabiano, Jose
4/4/2005
$
21,245.65
3.
Lally, Maximilian
10/29/2007
$
17,301.85
4.
Korkowski, Raymond
11/19/2007
$
17,174.63
5.
Ramirez, Ariel
12/22/2008
$
15,520.77
6.
Blanc, Kurt
5/22/2011
$
11,831.41
7.
Johnson, Aaron
6/20/2011
$
11,322.53
8.
Yildiz Emir
12/31/2012
$
8,778.14
9.
Muniz, Matthew
3/3/2014
$
7,633.17
10.
Waychowsky, Daniel
6/4/2014
$
7,251.51
11.
Franklin, Jonathan
7/30/2014
$
6,997.07
12.
Jarrell, Thomas
11/1/2016
$
3,562.15
13.
Scaduto, Christopher
11/1/20161
$
3,562.15
14.
Loney, Michael
3/20/20171
$
2,926.05
15.
Baldwin, Timothy_9/14/20171
$
2,289.95-
16.
Donadio, Tana
3/4/2018
$
1,526.63
17.
Robinson, Calvin
12/17/2018
$
254.44
Total:
$166,657.50
Section 4. Upon ratification of this MOU by both parties, the Village will take appropriate
legislative steps to amend the Village ordinance that establishes the Public Safety
Officers' Pension Trust Fund to incorporate the abovementioned agreement of the parties
reached in collective bargaining sessions.
Village and the PBA Agree Further:
1. That this MOU shall be effective from its full execution through and including
September 30, 2019; and,
2. That Article 29 will not be open for negotiation for the 2019-2022 Collective
Bargaining Agreement.
3. That the Parties have full legal authority to enter into this MOU.
IN WITNESS THEREOF, the Parties have caused thi MOU to be signed by their
duly authorized representatives on this ! y day of rk" 2019.
FOR THE VILLAGE
Lori McWilliams, Village
FOR THE PBA
President
v�
Brennan Keeler, Legal Counsel