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Resolution No. 2022-41 Approving Memorandum of Understanding with Dade County PBA - June 14, 2022 CITY OF AVENTURA RESOLUTION NO. 2022-41 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, APPROVING THE MEMORANDUM OF UNDERSTANDING BETWEEN THE CITY AND THE DADE COUNTY POLICE BENEVOLENT ASSOCIATION, ALLOWING CITY POLICE OFFICERS TO PURCHASE CREDIT FOR MILITARY SERVICE PRIOR TO EMPLOYMENT WITH THE CITY; PROVIDING FOR IMPLEMENTATION; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, Section 36-27 of the City's Code of Ordinances provides for the ability of a law enforcement officer ("Officer") employed by the City to buy back military service earned while on a leave of absence to count towards pension credit for the City; and WHEREAS, the Parties intend to expand this benefit to allow an Officer to purchase credit for military service prior to first and initial employment with the City; and WHEREAS, the Parties have agreed to amend the City's Police Pension Plan and Trust Fund to permit officers to purchase service for prior military service. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, AS FOLLOWS: Section 1. Recitals Incorporated. That each of the above-stated recitals are hereby adopted and confirmed. Section 2. MOU Approved. That the MOU with the Dade County Police Benevolent Association, attached hereto as Exhibit "A," allowing for police officers to purchase credit for military service prior to first and initial employment with the City, is hereby approved and that the City Manager is hereby authorized to take all actions necessary to implement the purposes of this Resolution. Section 3. Effective Date. That this Resolution shall become effective immediately upon its adoption. The foregoing Resolution was offered by Commissioner Shelley, who moved its adoption. The motion was seconded by Vice Mayor Landman, and upon being put to a vote, the vote was as follows: Commissioner Billy Joel Yes Commissioner Rachel S. Friedland Yes Commissioner Dr. Linda Marks Yes Commissioner Marc Narotsky Yes Commissioner Robert Shelley Yes Vice Mayor Denise Landman Yes Mayor Enid Weisman Yes PASSED AND ADOPTED this 14th day of June, 2022. City of Aventura Resolution No. 2022-41 ENID WEISMAN, MAYOR ATTEST: ELLISA L. HORVA MC CITY CLERK APPROVED AS TO LEGAL SUFFICIENCY: Xy f,-t"I A - - CITY A TORNE Page 2 of 2 MEMORANDUM OF UNDERSTANDING BETWEEN THE CITY OF A VENTURA AND THE DADE COUNTY POLICE BENEVOLENT ASSOCIATION,INC. This MEMORANDUM OF UNDERSTANDING ("MOU") is entered this day of , 2022, between the DADE COUNTY POLICE BENEVOLENT ASSOCIATION, INC. ("PBA")and the CITY OF AVENTURA("City"),jointly referred to as the("Parties"). WHEREAS, Section 36-27 of the City's Code of Ordinances provides for the ability of a law enforcement officer ("officer") employed by the City to buy back military service earned while on a leave of absence to count towards pension credit for the City; and WHEREAS, the Parties intend to expand this benefit to allow an officer to purchase credit for military service prior to first and initial employment with the City; and WHEREAS, the Parties have agreed to amend the City's Police Pension Plan and Trust Fund to permit officers to purchase service for prior military service, NOW,THEREFORE, the Parties agree as follows: I. The above recitals are true and correct and incorporated herein by reference. 2. The City's Code will be modified as detailed below, which sufficiently addresses the expansion of the buyback benefit to include military service prior to first and initial employment with the City. Section 36-27 of the City Code will be amended to read as follows: Sec. 36-27. — Buy-back for military service, prior law enforcement, or correctional officer service. (b) Any member of the Plan who is employed by the City shall be entitled to buy-back service credits for years or fractional parts of years that the member has served on active duty in the military, service of the United States prior to first and initial employment with the City of Aventura police department, with a lifetime maximum of four years of service credits, if: The cost of prior service credit is paid, which shall be the ull actuarial cost of all prior service credit purchased hereunder computed as a lump sum payment into the plan that would have occurred had the member been employed by the City of Aventura as a police officer, for the period of prior service credit purchased. A nonrefundable payment is made for the costs of all professional services (e.g. actuarial calculations) rendered to the Board and administrative costs in connection with the purchase of years of credited service. The buy-back request is made only once if followed by the purchase, and the purchase is timely paid in full before retirement or entering_ the DROP, based on a lump sum or a required installment payoff schedule. Installment payments shall be made through a payroll deduction in accordance with Section 414(h) of the Internal Revenue Code. The Dayments shall be treated as tax-deferred picked-up contributions. Contributions shall continue until death, disability or termination of service, whichever shall occur first. If the member cannot pay the remaining balance upon separation, they shall have the option to receive either prorated credit for the service purchased to date or a refund of amounts already paid to date without any service credit. Any payoff schedule shall reguuire the execution of an irrevocable authorization form specifying the amount of the payment and the duration of the authorization. The specified amount shall be determined by the plan's actuary to be sufficient to pay the entire actuarial cost of the purchase within the specified duration of the payment authorization, which duration shall not extend beyond the earliest date upon which the employee would become eligible for normal retirement under Section 36-26. The amount provided in the payment authorization shall include interest, as calculated by the plan's actuary, at the retirement Alan's actuarially assumed rate of return on investments. Such service credit is counted as continuous service for purposes of benefit calculations, but not for purposes of vesting or eligibility for benefits under this Retirement Plan. Lcl(b) Any member of the plan who is employed by the City shall be entitled to buy-back service credits for the periods of public law enforcement employment with another employer, with a lifetime maximum of four years of service credits, if: Q(e) Any member of the plan who is employed by the City shall be entitled to buy-back service credits for the periods of correctional institution employment with another employer, with a lifetime maximum of four years of service credits, if: (el (d) A member who is receiving, or will receive the pension benefit for military service, prior law enforcement or correctional institution experience in any other pension plan supported by public funds, excluding a military pension, may not use that service for purchased prior service pursuant to this section for this Pension Plan; provided, a member may make a direct transfer of eligible rollover distributions of all or any portion of the balance in another eligible retirement plan that is attributable to such other prior law enforcement or correctional institution experience to purchase additional service, in accordance with Subsection 36-27(e), and shall execute a Board-provided form acknowledging the same. (f) (e) The Plan fund will accept member rollover cash contributions and/or direct cash rollovers of distributions for the purchase of service as authorized under Section 36-27, as follows: 3. The Parties have had the opportunity to consult with legal counsel prior to executing this MOU. 4. This MOU shall become effective upon ratification by the bargaining unit members represented by the PBA and by the City Commission, whichever occurs later. In the event that this MOU is not fully ratified for any reason, it shall have no force or effect upon either party. 5. Other than as specifically set forth herein, this MOU does not modify any terms and conditions of employment of the bargaining unit employees represented by the PBA. 6. The City's Code shall be modified so that its Plan provisions are in harmony with this MOU. 7. This MOU represents the Parties' entire agreement concerning this subject matter, and it cannot be amended or modified without the express written consent of the Parties. IN WITNESS WHEREOF, the undersigned parties have caused this Agreement to be executed by their duly aii1orized representatives as of the day and year first above written. AGREED TO THIS_�_DAY OF '�++�J� , 2022. For the Dade County Pol' e For the Ci of Aventura: Benev t A o , Inc. Steadman Stahl,President Rona d J. Wass n ity Manager Dade County PBA