City of Edgewater - File #: 2020-O-32

• File #: 2020-O-32
• Version: 2
• Type: Ordinance
• Status: Passed
• File created: 10/15/2020
• In control: City Council
• On agenda: 12/7/2020
• Final action: 12/7/2020
• Title: 2nd Reading - Ordinance No. 2020-O-32 General Employees' Pension Plan Changes

Date	Ver.	Action By	Action	Result
12/7/2020	2	City Council	approve	Pass
11/4/2020	1	City Council

                     COUNCIL AGENDA ITEM

SUBJECT:

title

2^nd Reading - Ordinance No. 2020-O-32 General Employees’ Pension Plan Changes

body

DEPARTMENT:

City Clerk/Paralegal

SUMMARY:

Changes for Section 4.04 (Benefits Upon Employment After Retirement Date), Section 5.01 (Death Benefits), Section 7.02 (Definitions), Section 7.03 (Required Minimum Distributions), Section 10.09 (Small Amounts) and Section 10.12 (IRS Compliance) of the general employees’ pension plan.

During the November 4, 2020 City Council Meeting, Council approved at first reading.

BUDGETED ITEM:                       ☐ Yes ☐ No ☐ Not Applicable

BUDGET AMENDMENT REQUIRED:                       ☐ Yes ☐ No ☐ Not Applicable

RECOMMENDED ACTION:

Motion to approve Ordinance No. 2020-O-32