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2022-O-10 - Amending General Employees Pension Plan ORDINANCE NO.2022-0-10 AN ORDINANCE OF THE CITY OF EDGEWATER, AMENDING THE CITY OF EDGEWATER GENERAL EMPLOYEES' RETIREMENT PLAN BY AMENDING SECTION 13-40, BOARD OF TRUSTEES FOR GENERAL EMPLOYEES PENSION TRUST FUND; PROVIDING FOR FILING WITH THE DIVISION OF RETIREMENT; PROVIDING FOR CONFLICTING PROVISIONS, SEVERABILITY, APPLICABILITY; PROVIDING FOR CODIFICATION; PROVIDING FOR AN EFFECTIVE DATE AND FOR ADOPTION. WHEREAS, the number of active and retired members of the General Employees' Retirement Plan is decreasing due to attrition; WHEREAS, the City Code ties eligibility for two trustee seats to active employment by the City; WHEREAS, the City Council of the City of Edgewater, Florida has made the following determinations: 1. Based on recommendation of the Board of Trustees of the Edgewater General Employees' Retirement Plan,the General Employees' Retirement Plan,Section 13-40 (Board of trustees for general employees pension trust fund)should be amended. NOW,THEREFORE,BE IT ENACTED by the City Council of the City of Edgewater Florida,that: PART A. AMENDING SECTION 13-40 OF THE CITY OF EDGEWATER CODE PROVIDING FOR THE BOARD OF TRUSTEES FOR GENERAL EMPLOYEES' PENSION TRUST FUND TO READ AS FOLLOWS: [...] Sec. 13-40. Board of trustees for general employees pension trust fund. (a) Created. There is hereby created the board of trustees for the general employees pension trust fund. The board of trustees shall be solely responsible for administering the trust fund. The board shall not receive any compensation in this capacity. The board shall be a legal entity with the powers and responsibility enumerated herein and as may be amended from time to time by the city council. ratR-Wek tl;Fexgh passages are deleted. i Underlined passages are added. #2022-0-10 (b) Membership. The board of trustees shall consist of five members appointed as follows: (1) Two of whom, unless otherwise prohibited by law, must be legal residents of the municipality and must be appointed by the governing body of the municipality. (2) Two of whom are current or retired members of the plan arapleyed by the y who are elected by a majority of current and retired members WhE) are—RIFFent-ly efflpl6yed b5' t-ho--GitT, regardless of City employment status. (3) The fifth member shall be a union representative for the general employees as appointed by the union. The fifth member shall have the same rights as each of the other four members. (4) If the majority of the members of the plan fails to elect a member as a trustee, the city manager shall appoint either a resident or an employee that is a resident of the city. (5) Two un-excused absences, as determined by the board, within a 12-month period shall be a deemed resignation. (c) Term. Election to the board of trustees shall be for a term of three years, unless a trustee shall sooner leave office. Council appointed members shall serve an initial term of two years followed by a three year term. The union-appointed member shall serve as a trustee as long as he or she is appointed. A vacancy shall be filled in the same manner as originally seated for the remainder of the expired term. Trustees may succeed themselves in office. (d) Officers. The board shall select from their members a chairman, vice chairman and a secretary by a majority vote of the trustees annually. The secretary of the board shall keep a complete minute book of the actions. Proceedings or hearings of the board, all correspondence, documents and records shall be public records subject to the same requirements and exemptions as other public records of the city. (e) Meetings. Regular meetings shall be held at least quarterly. The hour and place of each meeting may be determined by the members of the board. Special meetings may be held at the request of the chairman, providing proper notice is given. The secretary shall provide notices of all meetings to all members of the board and to all city departments for posting. Meetings shall be held in accordance with the "Sunshine Law" requirements. Roberts Rules of Order shall govern the parliamentary procedure of the board. (f) Quorum. A quorum shall consist of three members present at the meeting. Three votes shall be required to take action. (g) Order of business. The order of business at all regular meetings of the board shall be as follows: Stmek thFsxgh passages are deleted. 2 Underlined passages are added. #2422-0-10 (1) Call to order. (2) Roll call. (3) Public comment. (4) Approval of minutes. (S) Old business. (b) Communication/reports. (7) New business. (8) Adjournment. (h) Powers of board of trustees. The authority of the General Employees' pension board shall be to administer, monitor and evaluate the pension fund. The board shall review, discuss and decide upon investment options for the general employees' pension funds. The board shall review and discuss any improvement of benefits and consider recommending such improvements to the city council for approval. (i) Amendments. Amendments and additions to the bylaws may be proposed at any board meeting to become effective after a majority vote of the board and final approval by city council. PART B. FILING WITH THE DIVISION OF RETIREMENT Upon adoption,a copy of this Ordinance shall be filed with the Division of Retirement of the Florida Department of Management Services. PART C. CONFLICTING PROVISIONS All conflicting ordinances and resolutions, or parts thereof in conflict with this ordinance are hereby superseded by this ordinance to the extent of such conflict. PART D. SEVERABILITY AND APPLICABILITY If any portion of this ordinance is for any reason held or declared to be unconstitutional, inoperative, or void, such holding shall not affect the remaining portions of this ordinance. If this ordinance or any provisions thereof shall be held to be inapplicable to any person, property, or circumstances, such holding shall not affect its applicability to any other person, property or circumstance. PART D. CODIFICATION. Provisions of this ordinance shall be incorporated in the Code of Ordinances of the City StFUA lhF&H&passages are deleted. 3 Underlined passages are added. #2022-0-10 of Edgewater, Florida, and the word "ordinance", may be changed to "section", "article", or other appropriate word, and the sections of this ordinance may be renumbered or relettered to accomplish such intention, provided, however, that Parts B through F shall not be codified. PART E. EFFECTIVE DATE This ordinance shall take effect upon adoption. PART F. ADOPTION After Motion to approve by Councilwoman O'Keefe, and Second by Councilwoman Bennington, the vote on first reading of this ordinance which was held on June 6, 2022 was as follows: AYE NAY Mayor Mike Thomas x Councilwoman Christine Power x Councilwoman Gigi Bennington x Councilwoman Megan O'Keefe x Councilman Jonah Powers x After Motion to approve by and Second by I (A xa1! .t G" i t )(',rry��"l , the vale on second reading/public hearing of this ordinance which was held on 11 Lz r ! GO D,a was `J as follows: 94.1passages are deleted. 4 Underlined passages are added. ,2022-0-10 AYE NAY Mayor Mike Thomas Councilwoman Christine Power X Councilwoman Gigi Bennington x �r1Ci�Wom�.n�bbi��1 b�w�_ Councilman Jonah Powers x PASSED AND DULY ADOPTED this I+h day of i 2022. CITY COUNCIL OF THE CITY OF EDGEWATER, FLORIDA •�,P . pfr' � i <i vp Mike as i May dr C, ATTEST: .. Bonnie Zlotni10CMC City Clerk For the use and reliance only by the City of Edgewater, Florida Approved as to form and legality by: Aaron R.Wolfe,Esquire City Attorney Doran,Sims,Wolfe&Yoon Approved by the City Council of the City of Edgewater at a meeting held on this �1 day of ,2022 under Agenda I to m No CA SEfusk thmao passages are deleted. 5 Underlined passages are added. #2022-0-10