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  Agenda Item # 12.g.       
Meeting Date: 12/03/2018  
Re:    Ordinance No. 18-042; Amendment to the City of Fort Pierce Pension Plan
Submitted For: Karen Logue

SUBJECT:
Legislative Hearing - Ordinance 18-042 Amending Chapter 13; Changing the Retirement vesting period from 10 years to 5 years for the Fort Pierce Utilities Authority, correcting Scrivener's error in Ordinance 18-037, adopted by Commission November 5, 2018.  FIRST READING
SUMMARY:
The amendment of Chapter 13 of the Code to change the vesting years of service for Fort Pierce Utilities Authority employees from 10 years to 5 years; to include employees hired on or after October 1, 2012.
RECOMMENDATION:
Adopt Ordinance No. 18-042, amending Chapter 13 of the Code.
ALTERNATIVES:
Deny the amendment
RESPONSIBLE STAFF:
Finance Director
COORDINATED WITH:
City of Fort Pierce Retirement Board
City Clerk for Advertising

Fiscal Impact
Budgeted Y/N: N
Fiscal Year: 2018
OTHER INFORMATION:
N/A
Attachments
Ordinance No. 18-042
Proof of Publication

<
Form Review
Inbox Reviewed By Date
Finance Department Karen Logue 11/26/2018 10:22 AM
City Manager Nick Mimms 11/27/2018 02:51 PM
Form Started By: Queen Thompkins Started On: 11/19/2018 01:17 PM
Final Approval Date: 11/27/2018

    

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