SUBJECT/RECOMMENDATION:
Title
Amend Clearwater Code of Ordinances Sections 2.063, 2.411, 2.412, 2.413, and 2.425 relating to the Clearwater Employees’ Pension Plan and pass Ordinance 9858-26 on first reading.
Body
SUMMARY:
The City of Clearwater Employees’ Pension Plan governs the payment of retirement benefits for City employees. In 2024, the process to determine whether a plan member meets the criteria for awarding a disability pension was changed. The Pension Advisory Committee (PAC) no longer determines whether an applicant is entitled to a disability retirement benefit. The current duties of the PAC are now ministerial in nature and non-substantive.
This ordinance will eliminate the PAC, and the Pension Trustees will now perform these ministerial duties. This Ordinance will not impact pension benefits, employee contributions, or the actuarial soundness of the plan.
APPROPRIATION CODE AND AMOUNT:
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