Staff recommends amending Resolution 8213 to change the date the notice of retirement is required from the close of business July 2, 2008, to July 17, 2008, at 12:00 Noon.
The City Commission held the first reading of two ordinances related to the changes in the General Employees Pension Plan June 23, 2008. The Commission adopted Resolution 8213 at the June 23, 2008 meeting, which offered a one-time window of expanded retiree health insurance eligibility to employees eligible for early retirement. Any employees who elected to provide the City with notice of their intentions to retire under this option had to provide their notice to Human Resources no later than the end of the business day July 2, 2008.
The two ordinances were scheduled for adoption at the special meeting June 30, 2008, but were tabled until July 15, 2008. After the ordinances were tabled, City Manager Evans extended the notice of retirement date for the one-time window of expanded retiree health insurance eligibility to July 17, 2008 at 12:00 Noon.
This resolution amends Resolution 8213 to extend the notice of retirement date to July 17, 2008 at Noon.
1. Approve the Resolution to extend the notice of retirement date to July 17, 2008, at 12:00 noon; or
2. Such alternative action as the Commission may deem appropriate
Prepared by: _________________
Attachments: Yes____ No __
Advertised: ____Not Required ______
Attorney Review : Yes___ No ____
Reviewed by: Dept. Head ________
Finance Dept. _____JB___________
Deputy C.M. ______EFS__________
City Manager ___________________
Account No. _______N/A_______
Project No. ___________________
WF No. ______________________
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA, AMENDING RESOLUTION 8213, WHICH OFFERED A ONE-TIME WINDOW OF EXPANDED RETIREE HEALTH INSURANCE ELIGIBILITY TO EMPLOYEES ELIGIBLE FOR EARLY RETIREMENT; CHANGING THE DATE THE NOTICE OF RETIREMENT IS REQUIRED TO JULY 17, 2008, AT 12:00 NOON; AND PROVIDING AND EFFECTIVE DATE.
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA:
THAT any employee, currently eligible to retire under the City’s retirement plans, who elects to provide the City with notice of his or her intention to retire, which notice must be provided to Human Resources no later than 12:00 Noon on July 17, 2008, and whose last day of service (date of retirement) is on or before July 31, 2008, shall have the privilege of remaining in the City’s group health plan after retiring and the premiums for such insurance shall be paid by the City, up to a maximum monthly cost of $400, based on the following schedule:
Age 58, with 15 years of continuous service
Age 57, with 17 years of continuous service
Age 56, with 19 years of continuous service
Age 55, with 21 years of continuous service
Age 54, with 23 years of continuous service
Age 53, with 25 years of continuous service
Age 52, with 27 years of continuous service
Age 51, with 29 years of continuous service
Age 50, with 30 years of continuous service
If the employee has the years of service set forth above, but has not reached the age set forth above (thus they are not eligible for the City to pay the premium) and the employee pays the prevailing monthly premium for him or herself until the age set forth in this schedule, upon attaining that age the City will assume the cost, again limited to a maximum monthly cost of $400, from then on.
THAT the payment of premiums for dependent coverage remain the responsibility of the employee and similarly all other provisions of the City’s policy as established in Resolution No 4152, as subsequently amended, remain in full force and effect, including the fact that should the employee become subsequently employed and eligible for group insurance with another employer, the coverage with the City’s group plan shall be terminated permanently.
THAT this resolution shall become effective immediately.
PASSED AND ADOPTED by the City Commission of the City of Leesburg, Florida, at a regular meeting held the 28th day of July 2008.