MOTION TO ADOPT PROPOSED ORDINANCE NO. 2026-05 ON SECOND AND FINAL READING.

City Commission · 2026-08-05 · agenda_item

The City of Pembroke Pines has approved Ordinance No. 2026-05, which will terminate the retirement income plan for general employees. This ordinance amends various sections of Chapter 38 of the City's Code of Ordinances related to definitions, active participants, benefits, the deferred retirement option plan, disability benefits, distribution options, election procedures, and plan termination. The approval signifies the final step in the process to end the employee retirement plan. While this item does not involve new construction or direct project work, it may lead to administrative adjustments and financial planning services for affected employees and the city. Businesses specializing in financial advisory, legal services related to employee benefits, and administrative support could find opportunities related to the implementation and communication of this plan termination.