HomeMy WebLinkAbout24-140RESOLUTION NO. 24-140
AMENDING AND RESTATING COUNTY RESOLUTION 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, department director positions that were not members of the Senior
Management Services Class were approved for a 10% contribution to the 457(b) Plan
pursuant to Resolution Nos. 22-222 and 23-118.
WHEREAS, the Deputy County Administrator positions were approved for up to a
5% contribution to the 457(b) Plan pursuant to Resolution No. 23-118.
WHEREAS, the Board desires to amend and restate Resolution No. 23-118.
WHEREAS, the Board desires to approve the following positions for up to a 10%
contribution to the 457(b) plans:
• Any BOCC executive level position that is a paygrade 102 (Department
Director Level) or higher and is not included in the FRS's SMSC at the
discretion of the County Administrator.
• Any County Attorney's Office position that is a paygrade 103 (Assistant
County Attorney III Level) or higher and is not included in the FRS's SMSC
at the discretion of the County Attorney.
• Deputy County Administrator positions limited to a 5% contribution while
enrolled in SMSC at the discretion of the County Administrator.
NOW, THEREFORE, BE IT RESOLVED by the Board in a meeting assembled this 6th
day of August 2024, the following positions are hereby approved for up to a 10%
contribution to the 457(b) plans, or such lesser amount required by law:
• Any BOCC executive level position that is a paygrade 102 (Department
Director Level) or higher and is not included in the FRS's SMSC at the
discretion of the County Administrator.
• Any County Attorney's Office position that is a paygrade 103 (Assistant
County Attorney III Level) or higher and is not included in the FRS's SMSC
at the discretion of the County Attorney.
• Deputy County Administrator positions limited to a 5% contribution while
enrolled in SMSC at the discretion of the County Administrator.
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.
This resolution shall take effect upon adoption.
After motion and second, the vote of this Resolution was as follows:
Commissioner Cathy Townsend, Chair AYE
Commissioner Chris Dzadovsky, Vice Chair AYE
Commissioner Larry Leet AYE
Commissioner Linda Bartz AYE
Commissioner Jamie Fowler ABSENT
PASSED AND DULY ADOPTED this 6th day of August 2024.
ATTEST: BOARD OF COUNTY COMMISSIONERS
ST. LUCIE COUNTY, FLORIDA
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APPROVED AS'
CORRECTNESS
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LEGAL FORM AND