Fort Walton Beach Council agenda — 10-08-02 regular Council agenda — reading text

DEFINITION OF LANDMARK SIGN; DEFINITIONS" TO cLAIUFY THE DR-4 ENTITLED " M-2, P- 1, P- 2, DC-3 AND SECTION 20-2003 PERMITTED- C- 1, C- 2, M-1, 2010 Tl E~'" T LED " SIGNS PERTAINING TO SECTION 20- AND AMEND THE R:EGULATIONS THE ZONING DISTRICTS SECTION 202011 ENTITLED " SIGNS DISTRICT" TO UPDATE AND MAXIMUM HEIGHT; AND SIGN SIZE ZONING DISTRICTS STREET FRONTAGE, TO UPDATE THE MUMS, MUW-18, AND R-NC DISTRICTS" SIGNS; SECTION 20- 2 012 ENTITLED PERMITTED- PERTAINING TO SANDWICH 20- AMEND THE REGULATIONS TO UPDATE THE ZONING DISTRICTS; SECTION AND DR- 3 DISTBICTS" LAlWMARK SIGNS PERMlTTED-R-2 TO THE LIST OF APPROVED SIGNS" BY ADDING A SIGN AND g) 2019 ENTmED " SIGNS, BY ADDING LANDMARK EFFECTIVE MAINTENANCE DATE. PROVISIONS; PROVIDING FOR SEVERABILITY; PROVIDING AN the simplification of the are needed in the sign ordinance, including minor changes distrlcts which The CDS DirectOr advised no longer exist; adding zoning some deleting reference to zoning districts which less than 100 definition of landrrulrk signs; signs based on street frontage Council; allowing sign size for monument/ p ole by have been adopted by City 2' wide; adding a landrrulrK sign approved size of sandwich signs from 4' to 2. 5' wide to 3' high by feet; reducing the c City council; and deleting the process for approving additioD8llandmark signs. The Cba,im1an opened the public hearing.  8/ 01/ 02 plannincr AcrencV 1ai'Dal plann1ncr Board (: JOCal o ORD. 1518 ( CONT) on sandwich signs. Jet Drive, received an explanation Charlene Greenwald, 206 1se:whO"'Wished~= Speakrthe" P'c1blicJ1ea\ in~~~ d -_.. OIl~ and it Mr. Gercak seconded motion recommend to City Council appruval of Ord. 1518. Mrs. Brown moved to Gercak, Huglt Lambert, and W4J1ne in/ avor. ca1'ried unanimously with Bobe~ Brown, G4ric~ ADIOTJRN1! mNT - .-- -- at 7: 05 p. m:-" iness, the meeting adjourned AJs there was n9 further ~ n . ... . .-.... ., . DATE: CHAIRMAN: c  o o c CITY COUNCIL MEETING October 8, 2002 First Reading of Ordinance 1526 Amending the General Employees Pension Plan r- Agenda Item No.- PH 5  o o em;of-fJcvd Walum fiJeacIi c JKenuvtandam TO: Reid Silverboard, City Manager FROM: Joyce Shanahan, Finance Director Mark Wiltsie, Human Resources Director SUBJECT: General Employees Pension Fund - Plan Revisions DATE: September 29, 2002 BACKGROUND: The City provides its full time employees with a retirement benefit, which is typically referred to as a defined benefit retirement plan. This type of plan provides for a specific monthly benefit for vested participants. The City has three ( 3) separate retirement plans for its three groups of employees: swom police officers, certified and firefighters generalemployees ( for employees not considered police officers or firefighters). Three separate Boards of Trustees govern the three plans. The City Council serves as the Board of Trustees of the General Employees Retirement Plan with the Police Officers and Firefighter Retirement Plans their own Board of Trustee members with City Council appointing approval/ratification of those members. City Council may, by ordinance, amend all three Plans. r The General Employee Retirement Plan has approximately 246 active participants and includes all full time employees except swom officers and certified firefighters. The Police Officers Retirement police Plan has approximately 54 active participants and the Firefighters Retirement Plan has approximately 29 active members. The Firefighters Retirement Plan is subject to the collective bargaining process as required by the State of Florida' s Public Employees Relations Commission (PERC). DISCUSSION: The General Employees Retirement Plan and Police Officers Retirement Plan were last amended in March 1999 and the Plan was amended in 2000. Firefighters Since that time the Economic Growth and Tax Relief Reconciliation Act of 2001 was passed by Congress and signed into law by President Bush in 2001. In addition to the highly publicized tax relief provisions of the Act, the legislation June also contained a number of retirement savings and pension reform provisions; many of the pension law took effect beginning in 2002. changes the Plan Although the General Employees Retirement Plan has been amended several times, Document has not been rewritten in its entirety since 1988. Trying to manage these various amendments to the General Employees Retirement Plan with respect to plan implementation and administration has become onerous. As a result, Staff asked the City' s Pension Attorney Jim Linn to review the existing General Employees Pension Plan Document and to incorporate the IRS pension the General Employees changes, as well as, consolidate, update and restate the amendments to Retirement Plan into one comprehensive document. Listed below is a summary of revisions to the General Employees Retirement Plan provided by the L Pension Attorney:  o o c Section 17- 11- Creation of the Fund Retirement Fund ( originally created in Provides brief history of the General Employees' 1966) of Fort Walton Beach General Employees' Establishes the name of the plan as the " City Retirement Plan". recent restatement of the Plan. Refers to the current ordinance as the most Section 17- 11.1- Definitions Restates and clarifies a number of definitions. from prior amendments. Incorporates revised definitions reference. Alphabetizes and numbers the terms defined for ease of law. Adds definition of "actuarial equivalence" required by as of " retirement" to incorporate 100% vesting language. Amends the definition early that disability is dependent upon the Amends the defmition of " disability" to specify to total and permanent disability. opinion of the committee as contribution" for clarity regarding source Rewords