§ 11-26. Contributions.

(a)

Member contributions. Regular contributions of each member of the plan shall be made each pay period as follows:

(1)

Members of the firefighters' plan shall pay seven and sixty-three hundredths (7.63) percent of their salaries. Effective the first pay period in January 2002, firefighter contributions to the pension plan will increase by an additional one (1) percent, bringing the contribution rate to eight and sixty-three hundredths (8.63) percent. Effective the first pay period in January 2003, firefighter contributions to the pension plan will increase by an additional one (1) percent, bringing the contribution rate to nine and sixty-three hundredths (9.63) percent. Effective the first pay period in January 2004, firefighter contributions to the pension plan will increase by an additional one (1) percent, bringing the contribution rate to ten and sixty-three hundredths (10.63) percent. Based on the cost sharing adjustment in subsection 11-26(b)(3) and effective for the plan year beginning October 1, 2004, firefighter contributions to the pension plan will be fifteen and twenty-three hundredths (15.23) percent. Effective the first full pay period after October 1, 2004, firefighter contributions to the pension plan will be ten and sixty-three hundredths (10.63) percent. Effective September 25, 2012, firefighter contributions to the pension plan will be nine and ninety-five hundredths (9.95) percent, and effective the first full pay period following November 13, 2012 firefighter contributions to the pension plan will be ten and sixty-three hundredths (10.63) percent. Notwithstanding the preceding sentence, members of the firefighter plan hired or rehired on or after September 25, 2012 shall make contributions to the pension plan in accordance with subsection 11-65(b).

(2)

Members of the police plan shall pay seven and fifteen hundredths (7.15) percent of their salaries. Effective the first full pay period after October 1, 2004, members of the police officers' retirement plan shall pay eight and fifteen hundredths (8.15) percent of their salaries. Effective the first full pay period after October 1, 2005, members of the police officers' retirement plan shall pay nine and fifteen hundredths (9.15) percent of their salaries. Based on the cost sharing adjustment in subsection 11-26(b)(3) and effective the first full pay period after October 1, 2006, members of the police officers' retirement plan shall pay fourteen and thirty hundredths (14.3) percent of their salaries. Notwithstanding the preceding sentence, effective the first full pay period after October 1, 2006, members of the police officers' retirement plan shall pay nine and eighty-four hundredths (9.84) percent of their salaries. Notwithstanding the foregoing paragraph, members of the police officers' retirement plan hired or rehired on or after September 30, 2015 shall make contributions to the plan in accordance with subsection 11-66(b).

(3)

Effective the first full pay period after October 1, 2005, contributions to the pension plan by members of the general employees' plan who are not management or senior management personnel will be eight (8) percent of their salaries, unless the city's portion of the total cost of the plan exceeds fourteen (14) percent of the covered payroll for contributing plan members, in which case the excess shall be divided equally between the city and contributing plan members as provided in subsection (b). Beginning with the first pay period following June 12, 2001, members of the general employees' plan who are management or senior management personnel hired prior to October 1, 2009 shall pay seven and one-fourth (7.25) percent of their salaries, unless total required contributions exceed fifteen (15) percent of budgeted payroll for plan members in a given fiscal year, in which case such members shall pay seven and one-fourth (7.25) percent of their salaries plus the amount of any excess. Notwithstanding any provisions of this paragraph (3) and subsection (b) below, effective the first full pay period after October 1, 2009, the member contribution for general employees hired prior to October 1, 2009 who are not management or senior management personnel shall not exceed nine and fifty-one hundredths (9.51) percent for the term of the 2017-2020 collective bargaining agreement between the city and Sunrise General Employees Union, Inc. for general employees, (including any time periods after contract expiration but prior to a successor agreement becoming effective). The member contributions of general employees, including management and senior management personnel, hired or rehired on or after October 1, 2009, shall be as specified in section 11-62.

(4)

City contributions shall be deposited in the respective trust funds immediately after each pay period for police officers and firefighters plans.

(b)

City contributions. The city's annual fiscal contribution to the plan, based on an actuarial study, shall provide for the following:

(1)

Noninvestment expenses of the plan.

(2)

Amortization of unfunded liability of the plan.

(3)

An annual contribution in an amount which, together with the contributions from the employees and the amount derived from the state and other income sources authorized by law will be sufficient to meet the normal cost of the plan and to fund the actuarial deficiency over a period of not more than thirty (30) years. However, effective the first full pay period after October 1, 2004, should the city's portion of the total cost for the firefighter plan in a given fiscal year exceed nineteen and two-tenths (19.2) percent of the budgeted payroll for contributing members of the system excluding DROP participants for that year, any excess over nineteen and two-tenths (19.2) percent shall be rounded to the nearest one-tenth ( 1/10; ) of one (1) percent of budgeted payroll for contributing members and the resulting amount shall be divided in two (2) with members paying half the excess and the city paying the other half for that fiscal year. Should the city's portion of the total cost for the police plan exceed eleven and one-half (11.5) percent of the total budgeted payroll for members of the system effective the first full pay period after October 1, 2004, thirteen (13) percent effective the first full pay period after October 1, 2005 or eighteen (18) percent effective the first full pay period after October 1, 2006, any excess over the applicable percentage shall be rounded to the nearest one-tenth ( 1/10; ) of one (1) percent of budgeted payroll and the resulting amount shall be divided in two (2) with members paying half the excess and the city paying the other half for that fiscal year. Effective the first full pay period after October 1, 2005, should the city's portion of the total cost for the general employees' plan in a given fiscal year exceed fourteen (14) percent of the budgeted payroll for contributing members of the system for that year excluding DROP participants, any excess over fourteen (14) percent shall be rounded to the nearest one-tenth ( 1/10 ) of one (1) percent of such budgeted payroll and the resulting amount shall be divided in two (2) with members paying half the excess and the city paying the other half for that fiscal year. Any plan containing a "twenty and out" retirement benefit shall fund the cost of the benefit in excess of the cost of the benefit for normal retirement, solely from employee contributions regardless of the extent of the city's contribution funding other benefits.

(4)

Notwithstanding the provisions of paragraph (3), above, effective the first full pay period after October 1, 2006, the city's annual contribution applicable to members of the police officers' retirement plan shall be an amount which, together with the contributions from such members and the amount derived from the state and other income sources authorized by law will be sufficient to meet the normal cost of the plan and to fund the actuarial deficiency over a period of not more than thirty (30) years; and the cost sharing provisions of paragraph (3), above, shall be inapplicable to such members.

(5)

All contributions made by the city to the plan for any given fiscal year shall be made evenly at the same intervals as the city payroll period.

(6)

Effective as of the first payroll check issued after January 1, 1990, for the purpose of this article the city shall pick up the employee contribution at the rate set forth in this section, as that term is defined in section 414(h)(2) of the Internal Revenue Code of 1986, as amended. Furthermore, for purpose of this article, the amount picked up by the city shall be treated as the employee contribution under state law.

(7)

City contributions shall be deposited in the respective trust funds at least quarterly for police officers and firefighters plans.

(8)

Notwithstanding the provisions of paragraph (3), above, effective October 1, 2008, the city's annual contribution applicable to members of the firefighters' retirement plan shall be an amount which, together with the contributions from such members and the amount derived from the state and other income sources authorized by law will be sufficient to meet the normal cost of the plan and to fund the actuarial deficiency over a period of not more than thirty (30) years; and the cost sharing provisions of paragraph (3), above, shall be inapplicable to such members.

(c)

State monies.

(1)

Any monies received or receivable by reason of the laws of the state for the express purpose of funding and paying for the benefits of firefighters or police officers shall be deposited in the respective trust funds within five (5) days of receipt. The monies are to be used exclusively to provide benefits for the plan members as provided by state law.

(2)

In accordance with Chapter 185, Florida Statutes, and pursuant to agreements between the city and the fraternal order of police and police benevolent association, all Chapter 185 premium tax revenues received during each fiscal year up to two million one hundred thirty-seven thousand eight hundred ninety-five ($2,137,895.00) dollars shall be used to reduce the city's annual required contribution to the police officers retirement plan. Any Chapter 185 premium tax revenues received during any fiscal year in excess of two million one hundred thirty-seven thousand eight hundred ninety-five ($2,137,895.00) dollars shall be held in reserve in the police officer's retirement plan, and may be used to provide defined contribution benefits through the police officers' share plan pursuant to section 11-67. The police officers' share plan shall not be funded until Chapter 185 premium tax revenues received in any fiscal year exceed two million one hundred thirty-seven thousand eight hundred ninety-five ($2,137,895.00) dollars. If, during any fiscal year, Chapter 185 premium tax revenues exceed two million one hundred thirty-seven thousand eight hundred ninety-five ($2,137,895.00) dollars, the city and the fraternal order of police shall negotiate the use of Chapter 185 premium tax revenues that exceed two million one hundred thirty-seven thousand eight hundred ninety-five ($2,137,895.00) dollars and the resulting agreement shall determine the "available funds" that will be used to fund the share plan.

(3)

In accordance with F.S. Chapter 175, and pursuant to agreements between the city and the International Association of Firefighters, all Chapter 175 premium tax revenues received during each fiscal year up to two million fifty-five thousand one hundred twenty-seven dollars ($2,055,127.00) shall be used to reduce the city's annual required contribution to the firefighters' retirement plan. Any Chapter 175 premium tax revenues received during any fiscal year in excess of two million fifty-five thousand one hundred twenty-seven dollars ($2,055,127.00) shall be held in reserve in the firefighters' retirement plan, and may be used to provide defined contribution benefits through the firefighters' share plan pursuant to section 11-68. The firefighters' share plan shall not be funded until Chapter 175 premium tax revenues received in any fiscal year exceed two million fifty-five thousand one hundred twenty-seven dollars ($2,055,127.00). If, during any fiscal year, Chapter 175 premium tax revenues exceed two million fifty-five thousand one hundred twenty-seven dollars ($2,055,127.00), the city and the International Association of Firefighters shall negotiate the use of Chapter 175 premium tax revenues that exceed two million fifty-five thousand one hundred twenty-seven dollars ($2,055,127.00) and the resulting agreement shall determine the "available funds" that will be used to fund the share plan.

(d)

Private donations, gifts and contributions. Private donations, gifts and contributions may be deposited in the fund, but such deposits must be accounted for separately and kept on a segregated bookkeeping basis. Funds arising from these sources may be used only for additional benefits for members, as determined by the board, and may not be used to reduce what would otherwise have been required city contributions.

(Ord. No. 124-X-O, § 1(16-9), 9-12-89; Ord. No. 124-X-P, § 1, 12-18-90; Ord. No. 124-X-S, § 3, 2-9-93; Ord. No. 124-X-Y, § 6, 10-11-94; Ord. No. 124-X-99-G, § 1, 12-23-99; Ord. No. 124-X-01-B, § 2, 6-12-01; Ord. No. 124-X-02-B, § 1, 3-12-02; Ord. No. 124-X-03-B, § 2, 12-23-03; Ord. No. 124-X-04-B, § 1, 9-28-04; Ord. No. 124-X-05-A, § 2, 1-25-05; Ord. No. 124-X-05-D, § 2, 5-17-05; Ord. No. 124-X-05-F, § 1, 9-27-05; Ord. No. 124-X-06-B, § 1, 9-26-06; Ord. No. 124-X-07-A, § 1, 7-10-07; Ord. No. 124-X-08-B, § 1, 3-18-08; Ord. No. 124-X-08-C, § 1, 10-14-08; Ord. No. 124-X-09-A, § 3, 10-13-09; Ord. No. 124-X-12-A, § 3, 9-25-12; Ord. No. 124-X-12-B, § 2, 11-13-12; Ord. No. 124-X-15-A, § 2, 3-24-15; Ord. No. 124-X-15-B, § 3, 9-15-15; Ord. No. 124-X-16-B, § 3, 6-14-16; Ord. No. 124-X-16-C, § 3, 7-12-16; Ord. No. 124-X-16-D, § 3, 9-28-16; Ord. No. 124-X-18-B, § 3, 8-14-18)

Editor's note

Pursuant to § 6 of Ord. No. 124-X-08-B, § 11-26(a)(3) shall be effective retroactive to October 1, 2007.