SECOND READING of Temp. Ord. #O1714 amending City Code of Ordinances Chapter 15 “Pensions”, Article III “Firefighters’ Pension Plan and Trust Fund”, Section 15-77, to amend the definition of beneficiary to allow for a trust to be named as a beneficiary of the DROP and share accounts, Section 15-92, to add language regarding death of a DROP participant and amend language explaining the lump sum option of distribution, and Section 15-93, to add language regarding non-spouse beneficiaries of share accounts and the lump sum option for distribution; providing for conflicts; providing for severability; providing for codification; providing for an effective date. (Passed 1st Reading on 11/28/18) (Human Resources Director Randy Cross)

Committee

CITY COMMISSION REGULAR MEETING

Requested by

Human Resources

Introduced

October 18, 2018

On agenda

January 16, 2019

Passed

December 31, 2023