City of Venice - File #: ORD. NO. 2013-33

• File #: ORD. NO. 2013-33
• Version: 1
• Name: Police Pension - IRS Changes
• Type: Ordinance
• Status: Passed
• File created: 8/30/2013
• In control: City Council
• On agenda: 9/10/2013
• Final action: 9/24/2013
• Title: Amending Chapter 50, Personnel, Article III, Pensions and Retirement, Division 3, Municipal Police Officers' Pension Trust Fund, Section 50-131, Definitions; Section 50-133, Board of Trustees; Section 50-134, Finances and Fund Management; Section 50-135, Contributions; Section 50-136, Benefit Amounts and Eligibility; Section 50-137, Pre-Retirement Death; Section 50-138, Disability; Section 50-139, Vesting; Section 50-140, Optional Forms of Benefits; Section 50-145, Maximum Pension; Section 50-146, Minimum Distribution of Benefits; Section 50-147, Miscellaneous Provisions; Section 50-148, Repeal or Termination of System; Section 50-149, Domestic Relations Orders; Retiree Directed Payments; Exemption from Execution, Non-Assignability; Section 50-151, Forfeiture of Pension; Section 50-154, Credit for Military Service Prior to Employment; Section 50-157, Direct Transfer of Eligible Rollover Distributions; Elimination of Mandatory Distributions; Section 50-158, Deferred Retirement Option Pl...

Date	Ver.	Action By	Action	Result
9/24/2013	1	City Council	approved and adopted	Pass
9/10/2013	1	City Council	approved on first reading and scheduled for final reading	Pass

Title

Amending Chapter 50, Personnel, Article III, Pensions and Retirement, Division 3, Municipal Police Officers' Pension Trust Fund, Section 50-131, Definitions; Section 50-133, Board of Trustees; Section 50-134, Finances and Fund Management; Section 50-135, Contributions; Section 50-136, Benefit Amounts and Eligibility; Section 50-137, Pre-Retirement Death; Section 50-138, Disability; Section 50-139, Vesting; Section 50-140, Optional Forms of Benefits; Section 50-145, Maximum Pension; Section 50-146, Minimum Distribution of Benefits; Section 50-147, Miscellaneous Provisions; Section 50-148, Repeal or Termination of System; Section 50-149, Domestic Relations Orders; Retiree Directed Payments; Exemption from Execution, Non-Assignability; Section 50-151, Forfeiture of Pension; Section 50-154, Credit for Military Service Prior to Employment; Section 50-157, Direct Transfer of Eligible Rollover Distributions; Elimination of Mandatory Distributions; Section 50-158, Deferred Retirement Option Plan; Section 50-159, Prior Police Service; Adding Section 50-160, Reemployment After Retirement