1991-16 Volunteer Firefighters Retirement Plan' ORDINANCE Nn. lfi_gl
AN ORDINANCE OF THE VILLAGE OF NORTH PALM BEACH, FLORIDA,
CREATING A PLAN TO AWARD AND PROVIDE RETIREMENT INCOME
FOR ACTIVE MEMBERS OF THE VOLUNTEER FIREFIGHTERS OF THE
VILLAGE OF NORTH PALM BEACH IN RECOGNITION OF THEIR YEARS
OF DEDICATED COMMUNITY SERVICE; PROVIDING FOR THE REPEAL
OF ALL ORDINANCES OR PARTS OF ORDINANCES IN CONFLICT
HEREWITH; AND, PROVIDING FOR AN EFFECTIVE DATE.
BE IT ORDAINED BY THE VILLAGE COUNCIL OF NORTH PALM BEACH,
FLORIDA:
Section 1. Purpose. The purpose of this plan is to award
and provide retirement income for active members of the volunteer
firefighters of the Village of North Palm Beach in recognition
' of their years of dedicated community service.
Section 2. Name of Sponsor. The name of the sponsor shall
be the Village of North Palm Beach.
Section 3. Name of the Plan. The name of the plan shall be
"Length of Service Award Plan for Volunteer Firefighters."
Section 4. Effective Date of Plan. The effective date of
the Plan shall be May 1, 1990.
Section 5. Eligibility to Enter the Plan. Members, as defined
herein, means Volunteer Firefighters duly recognized and enrolled
as Volunteer Firefighters with the Village of North Palm Beach.
All members must meet each of the following requirements before
participating in the plan:
' Minimum Age 18
Maximum Age 60
Completed 1 year of Active Service with the Sponsor
Completed the Sponsor's Required Probationary Period
' Section 6. Entitlement Abe. This is the age that members
will begin receiving their monthly retirement benefit. Age 65
with (1) year of plan participation is generally utilized;
however, service and participation requirements may be included.
Entitlement Age is 60 with (1) year of plan participation.
Section 7. Benefit Formula.
1. PAST SERVICE (Before the Plan began):
$10 per month for year Year of Past Service for
currently enrolled members of the Volunteer
Firefighters
(8) is the maximum years of Past Service for which a
member may receive credit
2. FUTURE SERVICE (After the Plan Negins):
$10 per month for each year of Future Service
' 3. The maximum monthly benefit a member can receive at
the entitlement age is $300
4. The minimum monthly benefit a member can receive if
the member remains active in the plan until the
designated entitlement age is $50.
Section 8. Pre-Retirement Death Benefit. This is the death
benefit payable if a member dies before entitlement age while
still active in the plan. The amount payable is the greater of
the face amount of the life insurance or the member's accrued benefit.
1. Face amount of the life insurance: $30,000
2. Payment Mode: Annual
Section 9. Vesting Provisions. The vesting is based on years
of credited service and the following schedule:
7
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1
YEARS OF SERVICE
Less than 4 Years
4 Years
5 Years
6 Years
7 Years
8 Years
9 Years
Ten or More Years
Section 10. Vi11aEe Contributions.
VESTED PERCENTAGE
ox
40X
50z
60z
70z
80X
9oz
loot
So long as this system is
in effect, the Village shall make a yearly contribution to the Plan
equal to the cost for the year by the most recent actuarial
valuation.
Section 11. Trustee and Contact Person. The Village Finance
1
Director will act as Trustee and Contact Person and will be
responsible for contacting the agent or agency administrating the
Plan regarding changes and moficiations to the Plan.
Section 12. Point System. A minimum of (50) points is needed
to earn a year of credited service. The point system that can be
earned by volunteer firefighters is set forth in Exhibit "A"
attached hereto and made a part of this Ordinance.
Section 13. All Ordinances or parts of Ordinances in
conflict herewith are hereby repealed.
Section 14. This Ordinance shall take effect immediately
L
upon passage.
PLACED ON FIRST READING THIS 28th DAY OF NARCH ,
1991.
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' PLACED ON SECOND, FINAL READING AND PASSED THIS 11th DAY OF
APRIL 1991.
(VILLAGE SEAL)
ATTEST:
~/~//~~VILLAGE CL
' E K
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EXHIBIT "A"
POINT SYSTEM
(Minimum of (50) points needed to earn a year of credited service)
>~1. TRAINING COURSES - (25) point maximum
A. Courses under (20) hours duration (5) points per course
B. Courses (20) to (45) hours duraction (10) points per course
C. Courses over (45) hours duration (15) points per course
2. DRILLS - (20) point maximum
(1) point per drill, minimum two hour drill
3. SLEEP-IN OR STAND-BY - (20) point maximum
A. Sleep-in - (1) point each full night
B. Stand-by - (1) point each
A stand-by is defined as an on-duty activity of the fire
department, lasting at least four hours, not falling
under any other category.
' 4. ELECTED OR APPOINTED POSITIONS - (20) point maximum
(5) points per position
President, Vice-President, Secretary or Treasurer only
X5. ATTENDANCE AT ORGANIZATIONAL MEETINGS - (25) point maximum
Each member shall receive one point for recorded attendance at
any official meeting of the organization.
6. PARTICIPATION IN DEPARTMENT RESPONSES
Minimum percent of Minimum percent of
Average Annual Responses required Responses required
Dept. Responses To Earn (25) points To Earn (10) points
0 - 300 25% 12.5%
301 - 1,000 20% 10.0%
1,001 or more 5% 3.0%
~~7. ASSIGNED NON-EMERGENCY RELATED ACTIVITIES - (25) point maximum
(e.g. - fund raisers, demonstrations, community related activities)
East member shall receive one point for each recorded participation
in any of these activities
°ti A minimum of (5) points is required in each of these categories.