§ 54-106. Share plan.

Latest version.

Pursuant to F.S. § 175.351, a defined contribution plan component ("share plan") is hereby established as a component of this system, but will not be activated unless and until a portion of chapter 175 premium tax revenues has been assigned to fund the share plan. The city and union representing city firefighters have mutually agreed that no chapter 175 premium tax revenues will be assigned to the share plan at this time. At such time as the city and union agree to assign chapter 175 premium tax revenues to the share plan, the parties will negotiate the details of the share plan.

(Ord. No. 2016-5 , § 5, 5-3-2016; Ord. No. 2018-3 , § 2, 3-6-2018)

                    
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