HomeMy WebLinkAbout23-118RESOLUTION No. 23-118
WHEREAS, the Board of County Commissioners of St. Lucie County, Florida (the
"Board") desires to be competitive in attracting and retaining top leadership talent.
WHEREAS, the State of Florida's Senior Management Service Class ("SMSC")
benefit provided under Florida Retirement System (FRS) is a commonly used retirement
benefit tool for state agencies and counties/cities to build and keep their leadership teams.
WHEREAS, the Board desires to be fiscally prudent and provide an alternative
retirement benefit that is less costly to St. Lucie County, Florida ("St. Lucie County") than
the SMSC retirement benefit, yet still provides an attractive benefit opportunity to eligible
employees.
WHEREAS, the Board maintains The Eligible 457(b) Deferred Compensation Plan
for St. Lucie County, A Governmental Entity (the "457(b) Plan").
WHEREAS, on November 15, 2022, the Board adopted Resolution No. 22-222
designating department director positions eligible for a 10% contribution to the 457(b)
Plan.
WHEREAS, the Board desires to add additional eligible positions to contribute
10% of salary paid by St. Lucie County (or such lesser amount required by law or as
otherwise determined) to the 457(b) Plan on behalf of eligible employees of St. Lucie
County.
WHEREAS, the following leadership and department director positions were
approved pursuant to Resolution No. 22-222:
• Public Works Director
• Human Resources Director
• Office of Management and Budget Director
• Public Utilities Director
• Planning and Development Services Director
• Public Safety Director
• Environmental Resources Director
• Library Services Director
• Community Services Director
• Transit Director
• Mosquito Control Director
• Extension Director (Cooperative -Partially Paid by UF)
• Criminal Justice Director
WHEREAS, the following department director positions are added positions
eligible for a 10% contribution to the 457(b) Plan:
• Airport Director
• Port, Inlet, and Beaches Director
• Parks and Recreation and Facilities Director
WHEREAS, the following leadership positions are added positions eligible for up
to a 5% contribution to the 457(b) Plan:
• Deputy County Administrator
NOW, THEREFORE, BE IT RESOLVED by the Board in a meeting assembled this 11th
day of July 2023, St. Lucie County will contribute up to 10% of the salary paid by St. Lucie
County (or such lesser amount required by law or as otherwise determined) to the 457(b)
Plan for employees in the above referenced positions effective March 1, 2023.
BE IT RESOLVED FURTHER, the Board authorizes the Chair to take all actions
necessary for St. Lucie County to implement the foregoing contribution benefit including,
but no limited to, amending the 457(b) Plan in accordance with and subject to its terms
and to communicate such change to eligible employees.
After motion and second, the vote of this Resolution was as follows:
Commissioner Cathy Townsend, Chair AYE
Commissioner Linda Bartz, Vice Chair AYE
Commissioner Chris Dzadovsky AYE
Commissioner Larry Leet AYE
Commissioner Jamie Fowler AYE
PASSED AND DULY ADOPTED this 11th day of Julv, 2023.
ATTEST:
DEPUTY CL
BOARD OF COUNTY COMMISSIONERS
ST. LUCIE COUNTY, FLORIDA
BY: ��u1Kdti
CHAIR
APPROVED AS TO LEGAL FORM AND
CORRECTNESS
ASO. COUNTY ATTORNEY