title
GENERAL EMPLOYEES PENSION PLAN (B)
Ordinance No. 0-00-84
An ordinance of the City of Gainesville, Florida, amending Division 3 and Division 5 of Chapter 2 of the Code of Ordinances relating to longevity payments and the City of Gainesville General Employees Pension Plan; describing benefits available to certain Gainesville Police Department employees; fixing the percentage of employee pension contributions and defining the types of pay from which contributions are derived; creating a Deferred Retirement Option Program (DROP); modifying procedures for selecting annuity options; providing for a cost of living increase for pension benefits; restricting the waiver of entitlement to longevity benefits to Police Officers and Firefighters who participate in the Consolidated Pension Plan DROP; providing directions to the codifier, providing a severability clause; providing a repealing clause; and providing an effective date.
recommendation
The City Commission adopt the proposed ordinance.
explanation
At its meeting of June 12, 2000, the City Commission approved the City Manager's recommendation that "the City Attorney draft and the Clerk of the Commission advertise amendments to the Code of Ordinances relating to the City of Gainesville General Employees Pension Plan, personnel policies and procedures, and any other related ordinances as appropriate, resulting from the current bargaining process." The bargaining process referred to in the City Manager's recommendation has resulted in agreements to include a cost of living adjustment (COLA) to the General Employees Pension Plan and add a deferred retirement option program (DROP). The proposed ordinance, described in more detail below, deals primarily with these above two topics. Many of the COLA and DROP provisions are similar to those found in the recent amendments to the Police Officers and Firefighters Consolidated Pension Plan. The ordinance also eliminates some redundant or outdated plan l...
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