Hallandale Beach, FL
File #: 20-406    Version: 1 Name: Police & Fire Pension - Share Plan Ordinance
Type: Ordinance Status: Second Reading
File created: 9/30/2020 In control: City Commission
On agenda: 11/18/2020 Final action: 12/2/2020
Title: AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF HALLANDALE BEACH, FLORIDA, AMENDING THE CITY OF HALLANDALE BEACH POLICE AND FIRE PENSION PLAN TO COMPLY WITH CHAPTERS 175 & 185, FLORIDA STATUTES; AMENDING SECTION 5.03e TO PERMIT THE BOARD OF TRUSTEES TO INVEST UP TO 25% OF THE PORTFOLIO IN FOREIGN SECURITIES; CREATING ARTICLE XV, ESTABLISHING A DEFINED CONTRIBUTION SHARE PLAN; CREATING ARTICLE XVI, PROVIDING FOR THE USAGE OF PREMIUM TAX REVENUES; PROVIDING FOR INCLUSION IN THE CODE; PROVIDING FOR SEVERABILITY; PROVIDING FOR A REPEALER; AND PROVIDING FOR AN EFFECTIVE DATE. (SECOND READING)(STAFF: HUMAN RESOURCES DIRECTOR)
Sponsors: City Manager's Office, Renee C. Miller
Attachments: 1. Agenda Cover Memo, 2. Exhibit 1 - Ordinance