HomeMy WebLinkAboutDocumentation_Regular_Tab 09_02/10/2011 ; ' � ^���,
VILLAGE OF TEQUESTA
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1. VILLAGE COUNCIL MEETING:
Meeting Date: Meeting Type: Regular Ordinance #:
February 10, 2011
Consent Agenda: Yes Resolution 2-11
Originating Department: Finance
, 2. AGENDA ITEM TITLE: (Wording form the SUBJECT line of your staff report)
Urging Florida Governor Scott and the Florida Legislature to address pension reform allowing multi-
tier plans without jeopardizing the receipt of State Insurance Premium Tax Funds.
3. BUDGET / FINANCIAL IMPACT:
Account #: N/A Amount of this item: $N/A
Budget Transfer Required: No Appropriate Fund Balance: No
4. EXECUTIVE SUMMARY OF MAJOR ISSUES: (This is a snap shot description of the agenda item)
Resolution urging Governor Scott and the FI Legislature to address the issue of public employee
pension reform and give consideration to reform that would allow a multi-tier plan that provides
varying benefits to different tiers without jeopardizing the receipt of state insurance premium tax funds
for police and fire pension plans.
5. APPROVALS: FINANCE:
Approved for sufficiency:
Dept. Head: JoAnn Forsvthe No Financial Impact : '��;�'�' "
Attorney: (for legal sufficiency) Yes ❑ No ❑
Village Manager:
• SUBMIT FOR COUNCIL DISCUSSION: ❑
• APPROVE ITEM: ❑
• DENY ITEM: �
MEMORANDUM
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DATE: FEBRUARY 9, 2011
TO: MICHAEL R. COUZZO, VILLAGE MANAGER
FROM: JOANN FORSYTHE, FINANCE DIRECTOR
RE: RESOLUTION 2-11 ADDRESSING PENSION REFORM EXPRESSLY TO ALLOW MULTI-TIER
PLANS WITHOUT JEOPARDIZING THE RECEIPT OF STATE INSURANCE PREMIUM TAX
RECEIPTS
�ttached is Resolution 2-11 urging Governor Scott and the Florida legislature to address the issue of
public employee pension reform_ Specifically it asks for consideration to be given to reforrn that
allows a mulri-rier plan providing varying benefits to different riers without jeopardizing the receipt of
state insurance premium taY funds for police and fire pension plans.
2��9/113:47 PM
RESOLUTION NO. 2-11
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF
TEQUESTA, FLORIDA, URGING GOVERNOR SCOTT AND THE
FLORIDA LEGISLATURE TO ADDRESS THE ISSUE OF PUBLIC
EMPLOYEE PENSION REFORM; EXPRESSING ITS DESIRE FOR
LEGISLATIVE REF4RM THAT W4ULD ALLOW A MULTI-TIER PLAN
THAT PROVIDES VARYING BENEFITS TO DIFFERENT TIERS,
WITHOUT JEOPARDIZING THE RECEIPT OF STATE INSURANCE
PREMIUM TAX FUNDS FOR POLICE AND FIRE PENSION PLANS;
DIRECTING THE VILLAGE CLERK TO PROVIDE COPIES OF THIS
RESOLUTION TO GOVERNOR RICK SCOTT, TO THE FLORIDA
SENATE AND HOUSE OF REPRESENTATIVES, TO THE FLORIDA
LEAGUE OF CITIES AND THE PALM BEACH COUNTY LEAGUE OF
CITIES; PROVIDING AN EFFECTIVE DATE; AND FOR OTHER
PURPOSES.
WHEREAS, the Village of Tequesta has established pension plans for its general
employees as well as its police off'icers and fire fighters; and
WHEREAS, the Village's pension plans, as is the case with most, if not all govemment
pension plans, have suffered due to the current economic downturn; and
WHEREAS, in an efFort to derive as much benefit as possible for all pension plan
employees, the Village Council met with the various collective bargaining units and successfully
negotiated pension plan modifications which involved multiple tiers that provide for varying
benefits; and
WHEREAS, the multiple tier plan provides e�ra benefits for police and firefighter
pension plan participants, and maintains the intent of state insurance premium t� funds under
Chapters 175 and 185, F.S.; and
WHEREAS, despite the Village's proactive approach to improve its pension plans, which
approach recognizes the purpose and intent of insurance premium tax funds, and provides
additional benefits to pension plan participants, the proposed improvements were rejected by the
state which advised that such a multiple tier plan would jeopazdize the Village's continued receipt
of state insurance premium ta�c funds under Chapters 175 and 185, F.S.; and
WHEREAS, the Village of Tequesta believes that current state legislation is in need of
reform to a11ow meaningful pension plan reform such as that proposed by the Village and rejected
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by the state; and
WHEREAS, the Village Council desires to urge the Governor of Florida and the Florida
legislature to engage in meaningful pension plan legislation reform to allow such reform as
described herein.
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE
VILLAGE OF TEQUESTA, FLORIDA, THAT:
Section 1: The foregoing recitals are true and accurate, and are hereby incorporated
into this Resolution.
Section 2: T'he Village Council of the Village of Tequesta, Florida, hereby urges
Governor Scott and the Florida Legislature to address the issue of public employee pension reform
and give consideration to reform that would allow a multi-tier plan that provides varying benefits
to different tiers, without jeopazdizing the receipt of state insurance premium tax funds for police
and fire pension plans.
Section 3: The Village Clerk is hereby directed to provide copies of this resolution to
Governor Rick Scott, to the Florida Senate and House of Representa.tives, to the Florida. League of
Cities and the Palm Beach County League of Cities.
Section 4: This Resolution sha11 take effect immediately upon its adoption by the
Village Council.
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