Fort Walton Beach Council agenda — 10-12-2006 ‎(regular)‎ — reading text

mUnlCI~ 185.03 Municipal police officers' retirement trust the. I! benefits and minimum standards are mel Any such ri me. f. nds; creati~ n; applicability of provisions; variance shall provide a greater benefit for police offi- participa- a1ninistenal t. by public safety officers.- For any municipality cers. Actuarial valuations of local law plans shall be ch pter plan, local law municipality, or local law Ilti1steesas pia,,; I "....have the sa onducted by an enrolled actuary as provided in s. un r this chapter: 85. 221 (2)(b). 1 There shall be established a special fund exclu- I tiers appoir 11) " Police officer" means any person who is serve tru as sivel for the purpose of this chapter, which in the case el ctad, appointed, or employed full time by any munic- ceed himsel of cH pter plans shall be known as the " Municipal ip ity, who is certified or required to be certified as a Polic Officers' Retirement Trust Fund," in each munic- shall serve la enforcement officer in compliance with s. SOOner reple 943. 1395, who is vested with authority to bear arms ipality f this state, heretofore or hereafter created UTe the men and ake arrests, and whose primary responsibility is which w has or which may hereafter have a regular1Y orherself as the p evention and detection of crime or the enforce- organiz d police department, and which now owns and uses or hich may hereafter own and use equipment serve as tru ment f the penal, criminal, traffic, or highway laws of she sooner e. This definition includes all certified supervi- and app ratus of a value exceeding $ 500 in service- the as a police able con . ion for the prevention of crime and for the sory an command personnel whose duties include, in the municipl whole in part, the supervision, training, guidance, preservati n of lite and property. 2) Th rovisions of this chapter shall apply only to manner as a and ma agement responsibilities of full- time law municipaliti s organized and established pursuant to may succee enforcem nt officers, part-time law enforcement offi- b) The I the laws ~f t state, and said provisions shall not apply cers, or a iliary law enforcement officers, but does not law plans st include pa - time law enforcement officers or auxiliary to the unrnco orated areas of any county or counties 1. If a r law enforc ent officers as the same are defined in s. nor shall the p visions hereof apply to any govemmen- tal entity whos police officers are eligible to participate officers onl! 943. 10( 6) a d ( 8), respectively. For the purposes of this in the Florida R tirement System. apply. chapter only " police officer"also shall include a public 2. If a r 3) No muni ' pality shall establish more than one safety office who is responsible for performing both officers and' police and fir services. Any plan may provide that the retirement plan f public safety officers which is sup- shafl apply, << police chief s II have an option to participate, or not, ported in whole or part by the distribution of premium in that plan. tax funds as provi d by this chapter or chapter 175, be a police member she 12) " Police fficers' Retirement Trust Fund"means nor shall any munici lity establish a retirement plan for a trust fund, b whatever name known, as provided publicsafety officers hich receives premium tax funds respectivel! under s. 185. 03 r the purpose of assisting municipali- from both this chapter nd chapter 175. firefighters a History.~. 1. ch. 28230. 1953; 2. ch. 29B25. 1955; s. 2. ell. 61. 119: s. 1. c:h. plan. ties in establishi g and maintaining a retirement plan SS-152; s. 7. ch. 79-3BO; s. 2. ch. 7 1. 88; s. 3. ell. 86-42; s. 43. ch. 99-- for police officers. 3. Any t on July 1, 19 13) " Retiree" r " retired police officer" means a 185. 04 Actuarial defic not state obligations.- eral employe police officer who as entered retirement status. For For any municipality, chapte plan, local law municipal- cars, or poli the purposes of a p n that includes a Deferred Retire- ity, or local law plan under t . chapter, actuarial defi- determine wi ment Option Plan ( ROP), a police officer who enters cits, if any, arising under this cH pter are not the obliga- officers only, the DROP shall be c nsidered a retiree for all purposes tion of the state. included. Ba of the plan. Howeve a police officer who enters the History.-s.lb. ch. 2B230. 1953; s. 44, ch. 99-1. shafl be esta DROP and who is oth rwise eligible to participate shall ~.v not thereby be preclud d from participating, or continu-~ _~ 85. 05 Board of trustees; members; terms of subparagrap ing to participate, in a upplemental plan in existence office; meetings; legal entity; costs; attorney' s fees.- enact an on