File #: ORD. NO. 2018-07    Version: 1 Name: FOP
Type: Ordinance Status: Passed
File created: 1/25/2018 In control: City Council
On agenda: 2/13/2018 Final action: 2/27/2018
Title: An Ordinance of the City of Venice, Florida, Further Amending Chapter 50, Personnel, Article III, Pensions and Retirement, Division 3, Municipal Police Officers' Pension Trust Fund, of the Code of Ordinances of the City of Venice, Florida, as Subsequently Amended; Amending Section 50-131, Definitions by Amending the Definitions of “Actuarial Equivalent”, “Credited Service” and “Spouse”; Amending Section 50-134, Finances and Fund Management; Amending Section 50-138, Disability; Amending Section 50-145, Maximum Pension; Amending Section 50-158, Deferred Retirement Option Plan; Adding Section 50-161, Share Plan; Use of Chapter 185 Premium Tax Revenues; Providing for Severability of Provisions; Repealing all Ordinances in Conflict Herewith and Providing an Effective Date
Attachments: 1. Mr. Lavallee's Letter, 2. Foster & Foster Letter, 3. Mr. Linn's Email, 4. Ordinance

Title

An Ordinance of the City of Venice, Florida, Further Amending Chapter 50, Personnel, Article III, Pensions and Retirement, Division 3, Municipal Police Officers' Pension Trust Fund, of the Code of Ordinances of the City of Venice, Florida, as Subsequently Amended;  Amending Section 50-131, Definitions by Amending the Definitions of “Actuarial Equivalent”, “Credited Service” and “Spouse”; Amending Section 50-134, Finances and Fund Management; Amending Section 50-138, Disability; Amending Section 50-145, Maximum Pension; Amending Section 50-158, Deferred Retirement Option Plan; Adding Section 50-161, Share Plan; Use of Chapter 185 Premium Tax Revenues; Providing for Severability of Provisions; Repealing all Ordinances in Conflict Herewith and Providing an Effective Date