TO: Honorable Mayor & Members of the North Port Commission
FROM: A. Jerome Fletcher II, ICMA-CM, MPA, City Manager
TITLE: An Ordinance of the City of North Port, Florida; Amending the Code of the City of North Port, Florida, Section 2-329 Regarding Deferred Retirement Option Plan; Providing for Findings; Providing for Conflicts; Providing for Severability; Providing for Codification; and Providing an Effective Date.
Recommended Action
Continue Ordinance No. 2025-06 to second reading on February 25, 2025, as presented.
Recommended Action for Second Reading
Adopt Ordinance No. 2025-06 as presented.
Background Information
The City of North Port recently entered into a Collective Bargaining Agreement (CBA) with the Suncoast Professional Firefighters and Paramedics, Local No. 2546, I.A.F.F. for 2024-2027. The CBA affects the North Port Firefighters’ Pension Fund and increases participation in the Deferred Retirement Option Plan (DROP) from up to 60 months to up to 96 months.
Ordinance No. 2025-06 amends Section 2-329 of the City Code relating to the DROP so it is consistent with the CBA. The Actuary for the Firefighter’s Pension Plan Local Option Trust Fund has reviewed Ordinance No. 2025-06 and determined that its adoption will have no impact on immediate funding requirements.
Ordinance No. 2025-06 has been reviewed by the Interim City Attorney and is legally correct as to form.
Information for Second Reading
During the City Commission Regular Meeting on February 11, 2025, the City Commission continued Ordinance No. 2025-06 to second reading on February 25, 2025.
Pursuant to Florida Statutes Section 166.041(4)(a), the City timely posted a business impact estimate on the City’s website on or before the date the newspaper published notice of the final reading of Ordinance No. 2025-06.
Strategic Plan
Good Governance
Financial Impact
Not applicable.
Procurement
Not applicable.
Attachments:
1. Ordinance No. 2025-06 - Second Reading
2. Ordinance No. 2025-06 - First Reading
3. Actuary Letter of No Impact
4. Business Impact Estimate
Prepared by: A. Jerome Fletcher II, ICMA-CM, MPA, City Manager
Department Director: A. Jerome Fletcher II, ICMA-CM, MPA, City Manager