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City Council Public Meeting - JEA Employees' Pensions

September 24, 2019 3:00 p.m.
City Hall
117 W. Duval St., Suite 425
Conference Room A
 
Please contact Kendra Mervin, Executive Council Assistant-District-10, at (904) 255-5146 for additional information or correspondence.

Notice is hereby given that Council Member Brenda Priestly Jackson will meet with Council Member Joyce Morgan, Rules Committee Chair, on Tuesday, September 24, 2019 at 3:00 p.m. in Conference Room A located at 117 West Duval Street, Suite 425, City Hall St. James Building.  The meeting is to discuss a floor amendment to have ORD 2019-566 assigned to the Rules Committee. ORD 2019-566 seeks to provide employees a buy up provision whereby JEA will purchase service credits (years of service for retirement purposes) for employees, which shall only be effective in the event of a Recapitalization Event.

2019-566 ORD-MC Regarding Amend Chapt 120 (Gen Employees & Corrections Officers Pension and all Employees Defied Contribution Retiremt Plans), Ord Code; Amend Secs 120.201 (Definitions), 120.202 (Membership), 120.203 (Contributions), Sec 120.206 (Time Svc Retiremt Benefits), 120.207 (Survivor Benefits), 120.209 (Vesting, Termination, Re-employmt), 120.502A (Gen Employees Defined Contribution Plan Membership), 120.503A (Contributions), & Sec 120.504A (Vesting in Gen Employees Defined Contribution Plan), Ord Code, to Protect Employees' Retiremt Benefits under Gen Employee Retiremt Plan. (Rhode) (Req of Mayor) 

All interested persons are invited to attend.