14. #O1714 SECOND READING of Temp. Ord. #O1714 amending City Code of Ordinances Chapter 15 "Pensions", Article III "Firefighters' Pension Plan and Trust Fund", Section 15-77, to amend the definition of beneficiary to allow for a trust to be named as a beneficiary of the DROP and share accounts, Section 15-92, to add language regarding death of a DROP participant and amend language explaining the lump sum option of distribution, and Section 15-93, to add language regarding non-spouse beneficiaries of share accounts and the lump sum option for distribution; providing for conflicts; providing for severability; providing for codification; providing for an effective date. (Passed 1st Reading on 11/28/18) (Human Resources Director Randy Cross) - Miramar, FL

Meeting: CITY COMMISSION REGULAR MEETING on 2019-01-16 7:00 PM - REVISED

Meeting Time: January 16, 2019 at 7:00pm EST

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Agenda Item

14. #O1714 SECOND READING of Temp. Ord. #O1714 amending City Code of Ordinances Chapter 15 "Pensions", Article III "Firefighters' Pension Plan and Trust Fund", Section 15-77, to amend the definition of beneficiary to allow for a trust to be named as a beneficiary of the DROP and share accounts, Section 15-92, to add language regarding death of a DROP participant and amend language explaining the lump sum option of distribution, and Section 15-93, to add language regarding non-spouse beneficiaries of share accounts and the lump sum option for distribution; providing for conflicts; providing for severability; providing for codification; providing for an effective date. (Passed 1st Reading on 11/28/18) (Human Resources Director Randy Cross)