Ordinance on second reading - PUBLIC HEARING - amending the City of Daytona Beach Police Officers' and Firefighters' Retirement System, Subpart D of the City Charter; Amending Section 1, Definitions by amending the definitions of "Accumulated Contributions", "Credited Service", “Firefighter", and "Spouse"; amdending Section 6, Benefit Amounts and Eligibility; amending Section 8, Disability; amending Section 9, Vesting; amending Section 10, Optional Forms of Benefits; amending Section 15, Maximum Pension; amending Section 24 Prior Police or Fire Service; amending Section 27, Deferred Retirement Option Plan; adding Section 29, Supplemental Benefit Component for Special Benefits; Chapter 175 and 185 Share Accounts.
James Sexton, Human Resources Director, to report
Recommendation: Human Resources Director recommends adoption of the Ordinance.
Action: Motion to adopt Ordinance.