Item C22
BOARD OF COUNTY COMMISSIONERS
AGENDA ITEM SUMMARY
Meeting Date:December 16. 2009
Division:Emergency Services
Bulk Item: Yes L No
Department: Fire Rescue
Staff Contact PersonlPhone #: Claudia Wilkerson
305-289-6014
AGENDA ITEM WORDING: Approval by the Board, acting as Plan Administrator of the Length of
Service A ward Plan (LOSAP) to begin 10-year disbursement of funds to one eligible participant,
with a monthly benefit of$210.00 commencing January 1,2010.
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 January 1,
2010.
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
TOTAL COST: $25.200.00 INDIRECT COST:
BUDGETED: Yes .x.
No
COST TO COUNTY: $25.200.00
SOURCE OF FUNDS: LOSAP Trust Fund
Account #14500530360
REVENUE PRODUCING: Yes fJ<NO l AJOUNTPERMONTH_ Year _ ..
APPROVED BY: County Arty \V +lPurchasing _ Risk Mmlagemen~fL-
DOCUMENT A TION :
Included
Not Required
x
DISPOSITION:
AGENDA ITEM #
Revised 1/09