Item C21
BOARD OF COUNTY COMMISSIONERS
AGENDA ITEM SUMMARY
Meeting Date: March 16. 2005
Division:
County Administrator
Bulk Item: Yes ~
No
Department: Fire Rescue
Staff Contact Person: Susan Hover
AGENDA i!i1EjVi W~ORDiNG: Approval to advertise for 1<.equests lor proposals (R~'Ps) tor a Plan
Administrator to provide administrative, actuarial, and investment strategies development services for
Monroe County's Length of Service Awards Plan (LOSAP) for its volunteer firefighter and emergency
medical services personnel.
ITEM BACKGROUND: The LOSAP program was adopted in 1999 to provide Volunteer Firefighter
and Emergency Medical Services Personnel with benefits upon their retirement, disability. or death.
The plan has now matured to the point where more comprehensive services and investment strategies
are required that are beyond the capacity of Fire Rescue staff. During the Fiscal Year 2005 budget
process, additional administrative funds of $12,000.00 were appropriated for a plan administrator.
PREVIOUS RELEVANT BOCC ACTION: On June 9, 1999, the Board adopted Ordinance No.
026-1999 providing for the creation of a Length of Service A ward Plan providing benefits to eligible
Firefighters and Emergency Medical Services volunteers. Thereafter, the board has approved various
items associated with the normal outworking of the LOSAP plan. During the Fiscal Year 2005 budget
process, additional administrative funds of $12,000.00 were appropriated to cover contracting for a
LOSAP plan administrator.
CONTRACT/AGREEMENT CHANGES: None.
STAFF RECOMMENDATIONS: Approval.
TOTAL COST:
N/A
BUDGETED: Yes
No
COST TO COUNTY: N/ A
SOURCE OF FUNDS: N/ A
REVENUE PRODUCING: Yes
No
AMOUNT PER MONTH_ Year
APPROVED BY: Cmllltv ,\1t;.' _:'-1"/A
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FIRE CHIEF APPROVAL:
DOCUMENTATION:
Included
Not Required X
DISPOSITION:
AGENDA ITEM #
Revised 2/05