Item C18Meeting Date: May 20, 2015
Bulk Item: Yes x '11"o
Division Emergency Services
Department: Fire Rescue
305-289-6014
AGENDA ITEM WORDING: Approval by the Board, acting as Plan Administrator of the Length of
Service Award Plan (LOSAP) to begin 10-year disbursement of funds to one eligible participant, with
a monthly benefit of $150.00 commencing June 01, 2015.
ITEM BACKGROUND: In June of 1999, the Board approved an Ordinance providing for the
creation of a Length of Service Award Plan. A member is now eligible for benefits as of
June 0 1, 20i 15,
PREVIOUS RELEVANT BOCC ACTION: On June 9,1999, the Board approved Ordinance
No.026-1999 providing for the creation of a Length of Service Award Plan. Subsequently, annually
the Board has approved the current actuarial valuation and credit of an additional year of service.
CONTRACT/AGREEMENT CHANGES: Not applicable.
STAFF RECOMMENDATIONS: Approval
I T N a Lg J1, L-61M I ugoa 0
DIFFERENTIAL OF LOCAL PREFERENCE- N/A
COST TO COUNTY:- �000.000 .......... SOURCE OF FUNDS: LOSAP Trust Fund
Account#14500 530360
REVENUE PRODUCING: Yes No X AMOUNT PER MONTH Year
APPROVE D BY: County AttyZMB/Purchasin�& Risk Managem !I' fiL�
/0
DOCUMENTATION: Included Not Required x
Revised 7/09