Town pension plans highlight the Longboat Key Town Commission’s regular workshop on Monday, May 20.
At the workshop, commissioners will review a proposed ordinance that freezes the Firefighters’ Retirement System pension plan. Pending discussion, the ordinance will be forwarded to a special meeting later that day for approval on first reading.
The freezing of the plan is the first step toward a commission-directed initiative to cap town financial responsibilities moving forward.
Human Resources Manager Lisa Silvertooth is working to enter the firefighters into the Florida Retirement System (FRS) pension plan as part of the terms of a new three-year contract that was reached in March. Silvertooth said the process is lengthy and requires a lot of time to complete.
For more information, pick up a copy of Thursday'sMay 16 Longboat Observer.
Contact Kurt Schultheis at [email protected].