§ 18-223. Creation of Early Retirement Incentive Program and Eligibility.

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The City Commission may from time to time establish early retirement incentive programs. Early retirement incentive programs shall be created by ordinance. No ordinance establishing an Early Retirement Incentive Program shall be enacted without:
(a) A written recommendation from the City Manager and the Finance Director that the proposed Early Retirement Incentive Program is beneficial to the administration of the city workforce and is fiscally beneficial;
(b) An actuarial study has been conducted and presented to the City Commission; and
(c) Ordinance No. 03-061 has been furnished to the State of Florida for review, as required by law.
(Ord. No. 00-66, § 2, 11-21-00; Ord. No. 03-058, § 2, 11-5-03; Ord. No. 03-061, § 3, 12-2-03)

                    
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