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Item C20C.20 BOARD OF COUNTY COMMISSIONERS C ounty of M onroe Mayor Sylvia Murphy, District 5 Mayor Pro Tem Danny Kolhage, District 1 TheFloridaKeys Michelle Coldiron, District 2 Heather Carruthers, District 3 David Rice, District 5 County Commission Meeting February 20, 2019 Agenda Item Number: C.20 Agenda Item Summary #5223 BULK ITEM: Yes DEPARTMENT: Emergency Services TIME APPROXIMATE: STAFF CONTACT: James Callahan (305) 289-6088 N/A 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. ITEM BACKGROUND: In June 1999, the Board approved an Ordinance providing for the creation of a Length of Service Award Plan for volunteer firefighters. A member is now eligible for benefits as of April 1, 2019. 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 for volunteer firefighters. Subsequently, annually the Board has approved the current actuarial valuation and credit of an additional year of service. CONTRACT/AGREEMENT CHANGES: N/A STAFF RECOMMENDATION: Approval DOCUMENTATION: FINANCIAL IMPACT: Effective Date: 4/1/19 Expiration Date: 3/31/29 Total Dollar Value of Contract: N/A Total Cost to County: $30,600.00 Current Year Portion: $ 1,530.00 Budgeted: Yes Source of Funds: LOSAP Trust Fund Account #14500-530360 Packet Pg. 726 C.20 CPI: No Indirect Costs: None Estimated Ongoing Costs Not Included in above dollar amounts: None Revenue Producing: No If yes, amount: Grant: No County Match: No Insurance Required: No Additional Details: LOSAP Trust Fund 14500-530360 established to provide funding 04/01/19 610-14500 · LOSAP PENSION $1,530.00 REVIEWED BY: Gary Boswell Completed 02/04/2019 12:47 PM James Callahan Completed 02/04/2019 2:56 PM Pedro Mercado Completed 02/04/2019 3:09 PM Budget and Finance Completed 02/05/2019 9:33 AM Maria Slavik Completed 02/05/2019 9:36 AM Kathy Peters Completed 02/05/2019 12:07 PM Board of County Commissioners Pending 02/20/2019 9:00 AM Packet Pg. 727