§ 54-140. Share plan.

Latest version.

In accordance with F.S. § 185.35(6), a defined contribution plan component ("share plan") is hereby established for police officers as part of the defined benefit pension plan. However, the city and the union representing city police officers have mutually agreed that no Chapter 185 premium tax revenues will be allocated to the share plan at this time. At such time as the city and union mutually agree to allocate Chapter 185 premium tax revenues to the share plan, the city and union will negotiate the details of the share plan.

(Ord. No. 2017-32 , § 2, 12-12-17)

                    
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