City Hall
117 W. Duval St., 1st Floor
Council Chamber
As Council President and pursuant to Council Rule 2.105, The Honorable Clay Yarborough will meet with the Jacksonville City Council as a Committee of the Whole. The meeting will be held on Wednesday, October 22, 2014, at 3:30 P.M. in the Council Chambers, 1st Floor, 117 W. Duval St., St. James Bldg., City Hall, to discuss 2014-386 amending Chapter 121 regarding the Police and Firefighter Pension Plan.
2014-386 ORD-MC Amend Chapt 121 (Police & Firefighters Pension Plan), by Amending & Creating Var Sections to Create a new Member Category known as "Group II Member" based on Date of Hire on or after 10/1/14; Revising Contribution Percentages of Existing Plan Members; Outlining Mutual Obligations of City & the Police & Fire Pension Fund Bd of Trustees; Outline Investment Authority of the Trustees, Outline Qualifications for future Executive Administrators of the Fund; Outline Fund's use of the Ofc of Gen Counsel; Outline Benefits to Group I and Group II Members; Estab Backdrop Prog of Benefits Extended to Group II Members; Amend Article 22 (Jacksonville Police & Fire Pension Bd of Trustees), City Charter; Apv the 2014 Retirement Reform Agreemt; Attach Required Actuarial Impact Statemt. (Laquidara) (Req of Mayor) (Sponsored by CM Holt & Co-Sponsored by C/M Brown & Daniels)
Council members should familiarize themselves with the legislation, make plans to attend the meeting, and be prepared to ask any questions they may have.
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