SECOND READING of Temp. Ord. #O1859 amending Chapter 15, Article V, of the City Code of the City of Miramar governing the City’s Consolidated Retirement and Trust Fund; amending Section 15-322 to permit retirees to substitute a new joint annuitant on an actuarially equivalent basis and permitting the purchase of an optional actuarially equivalent COLA; amending Section 15-327(s) to create a DROP Loan Program; amending Section 15-328(d) to permit 50% of part time service to be used for vesting and retirement eligibility purposes; creating Section 15-329 to create a Post Retirement Option Plan; amending Section 15-345 to permit grandfathered management plan retirees to substitute a new joint annuitant on an actuarially equivalent basis; providing for severability; providing for codification; and providing for an effective date. (Passed First Reading on 11/17/25) (Human Resources Assistant Director Heather Dailey)

Ordinance Agenda Ready Introduced October 13, 2025

Where it was heard