HomeMy Public PortalAboutRES 89/02RESOLUTION NO. 89 -2
A RESOLUTION OF THE TOWN COMMISSION OF THE
TOWN OF GULF STREAM, PALM BEACH COUNTY, FLORIDA,
REQUESTING THAT THE 1989 SESSION OF THE FLORIDA
LEGISLATURE ENACT LEGISLATION WHICH WOULD ALLOW
MUNICIPALITIES TO WITHDRAW FROM THE FLORIDA
RETIREMENT SYSTEM.
WHEREAS, the Florida Legislature in 1970 adopted legislation
which allowed municipalities of the State to join the Florida Retirement
System; and
WHEREAS, at the time when many municipalities entered the Florida
Retirement System, the cities' contributions were 4% of the employee's
salary and the employee was required to contribute 4 %; and
WHEREAS, the Florida Legislature made said Florida Retirement System
non - contributory for city employees without the consent of member cities;
and
WHEREAS, effective January 1, 1989 Tequesta is required to contribute
14.38% of gross salary for regular employees and 17.98% for special risk
employees; and
WHEREAS, the city governing bodies have no control over additional
increases and benefits and additional contributions; and
WHEREAS, said increases and benefits and contributions may result
in additional tax burden on the citizens of the municipality including
the Village of Tequesta; and
WHEREAS, cities individually may provide benefits that are actuarially
equivalent to the Florida Retirement System at less cost; and
WHEREAS, many city employees are forced to forfeit the entire
city's contributions to the Florida Retirement System without vesting
in such system; and
WHEREAS, much of the city contributions are now being allocated to
pay for actuarial deficits and unfunded liability created prior to the
city's enrollment into the State program; and
WHEREAS, the State's own independent actuarial valuations indicate
that allowing cities to withdraw from the system for all future employees
would result in an insignificant effect on the remaining members of the
Florida Retirement System.
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COMMISSION OF THE
TOWN OF GULF STREAM:
Section 1. The legislature of the State of Florida should immediately
pass legislation which would allow municipalities in the State to have
one (1) year to withdraw from the Florida Retirement System for all future
employees.
Section 2. Specifically, the Palm Beach County Legislative Delegation
is requested to support any such legislation which would allow municipalities
in the State to have one (1) year to withdraw from the Florida Retirement
System for all future employees.
Section 3. Senatorial Members of the Palm Beach County Legislative
Delegation are requested to give due consideration to being the Senate's
sponsor for the bill filed by House Representative Harry C. Goode, Jr. of
Melbourne which will permit municipalities to opt out of the Florida
Retirement System.
-PAGE 2-
Section 4. The Town Clerk is hereby directed to provide copies
of this Resolution to the Palm Beach County Legislative Delegation,
Secretary of the Florida Senate, Clerk of the Florida House of
Representatives, Palm Beach County Board of County Commissioners, all
Palm Beach County Municipalities, and the Executive Director of the
Florida League of Cities for purposes of information dissemination and
consideration of the matters contained herein.
PASSED AND ADOPTED ON THE FIRST
DAY OF April 1989.
TEST:
TOWN CLERK
READING, THIS 14th
VICE MAYOR
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