SUBJECT/RECOMMENDATION:
Title
Approve revisions to the City of Clearwater Employees' Pension Fund of 2011 and pass Ordinance 9690-23 on first reading.
Body
SUMMARY:
The Employees' Pension Plan contains a series of rules relating to reemployment of former employees and retirees. In relevant part, the plan says that any retiree of Clearwater's pension plan will have his/her pension benefits suspended if the retiree rejoins the City of Clearwater as a full-time police officer or firefighter.
The proposed changes will loosen these restrictions by allowing a retiree of the Clearwater Police Department or Clearwater Fire Department to continue receiving their retirement benefits if the retiree is reemployed as the Police Chief or Fire Chief.
APPROPRIATION CODE AND AMOUNT: N/A