§ 42-153. Pension plan committee.

Latest version.

There shall be a pension plan committee consisting of one city commissioner appointed by the city commission, the city clerk (or, in the absence of a permanent clerk, the city manager), and two employee representatives appointed by the employees (one from within any bargaining unit and one from without), to serve as liaison between the pension administrators and the city. The committee shall consider and make recommendations to the city commission regarding changes to the plan, shall authorize disbursement of funds, and implement the pension plan procedures as stated in the document. The city manager shall cause an audit to be made of the plan as of December 31, 1996, together with a review of the plan's compliance with all applicable provisions of the Internal Revenue Code and F.S. ch. 175, and shall recommend and report to the city commission any necessary corrective measures.

(Ord. No. 96-27, § 7(b), 1-25-1996; Ord. No. 96-36, § 7(b), 4-15-1996)

                    
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