File #: ORD 03-19    Version: 1 Name:
Type: Ordinance Status: New Business
File created: 1/25/2019 In control: Village Council - Regular Council Meeting
On agenda: 2/14/2019 Final action:
Title: ORDINANCE 3-19, FIRST READING, AN ORDINANCE OF THE VILLAGE COUNCIL OF THE VILLAGE OF TEQUESTA, FLORIDA, ADOPTING A ONE TIME OPPORTUNITY FOR POLICE OFFICERS HIRED AFTER FEBRUARY 1, 2013 TO OPT OUT OF PARTICIPATION IN THE DEFINED BENEFIT PENSION PLAN AND REMAIN A PARTICIPANT IN THE DEFINED CONTRIBUTION PROGRAM; PROVIDING A CONFLICTS CLAUSE, A SEVERABILITY CLAUSE, AN EFFECTIVE DATE; AND FOR OTHER PURPOSES.
Sponsors: Keith Davis
Attachments: 1. Agenda Item Memo Defined Benefit Plan Opt-Out Option.pdf, 2. one time opt out - 2019 KWD REVISED.pdf
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ORDINANCE 3-19, FIRST READING, AN ORDINANCE OF THE VILLAGE COUNCIL OF THE VILLAGE OF TEQUESTA, FLORIDA, ADOPTING A ONE TIME OPPORTUNITY FOR POLICE OFFICERS HIRED AFTER FEBRUARY 1, 2013 TO OPT OUT OF PARTICIPATION IN THE DEFINED BENEFIT PENSION PLAN AND REMAIN A PARTICIPANT IN THE DEFINED CONTRIBUTION PROGRAM; PROVIDING A CONFLICTS CLAUSE, A SEVERABILITY CLAUSE, AN EFFECTIVE DATE; AND FOR OTHER PURPOSES.