File #: 24-5726    Version: 1 Name:
Type: Ordinance Status: Passed
File created: 3/27/2024 In control: City Commission
On agenda: 5/9/2024 Final action: 5/9/2024
Title: An Ordinance of the City of Key West, Florida, amending Chapter 46, Section 358 of the Code of Ordinances to extend the DROP participation period from five years to eight years for members of the Police Officers' and Firefighters' Retirement Plan; Amending Chapter 46, Section 358 and Section 359 of the Code of Ordinances to extend the DROP participation period from five years to eight years for members of the Police Officers' and Firefighters' Retirement Plan; Providing for severability; Providing for repeal of inconsistent provisions; Providing for an effective date.
Sponsors: Billy Wardlow, Clayton Lopez, Lissette Carey, Sam Kaufman, Mary Lou Hoover
Attachments: 1. Ordinance, 2. Cover Memo, 3. Actuarial Report, 4. Executive Summary from Pension Board

Title

An Ordinance of the City of Key West, Florida, amending Chapter 46, Section 358 of the Code of Ordinances to extend the DROP participation period from five years to eight years for members of the Police Officers' and Firefighters' Retirement Plan; Amending Chapter 46, Section 358 and Section 359 of the Code of Ordinances to extend the DROP participation period from five years to eight years for members of the Police Officers' and Firefighters' Retirement Plan; Providing for severability; Providing for repeal of inconsistent provisions; Providing for an effective date.