Pompano Beach General Employees Retirement System

Pompano Beach General Employees Retirement System

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Plan Provisions - Eligibility and Credited Service

   

Eligibility

If you are full-time, general Regular Employee who has 1) satisfactorily completed and passed all medical examinations for an employee in your classification, and 2) met the requirements of the City’s merit system, you are eligible to be a Member of the Plan. Participation in the Plan and contributions as defined below will be mandatory.

City of Pompano Beach Code of Ordinances Sec. 34.010 defines full-time, general Regular Employee, in part, as those employees who work for 26 hours or more per week and five months or more per year for the Employer.

If you were a general employee who transferred to the Broward County Library System or the Broward County Sheriff’s Office and you elected to continue participation in the City of Pompano Beach General Employees’ Retirement System, you are an eligible Member.

Effective December 14, 2004, the Mayor, City Commissioners, City Clerk, City Attorney, City Auditor and City Manager, and any person who is elected or appointed to any of the foregoing positions after such date are eligible to be Members of the Plan.

Effective February 8, 2022, Management Support Employees are eligible to be members of the Plan. Management Support Employees include the Executive Director and Assistant Administrator who are employed by the Board of Trustees of the City of Pompano Beach General Employees’ Retirement System.

Credited Service

Credited Service is used to compute the amount of your pension benefit when you retire, to determine whether you are eligible for certain benefits and to determine whether you are vested. Your Credited Service is equal to your total years and completed months of service with either the City of Pompano Beach or Broward County from your last date of hire until your date of termination, retirement, entry into the DROP, death or disability. (For exceptions to this rule, see the sections below) Authorized vacations and leaves of absence with pay are included in your credited service.

"Tiered service credits": Depending on the date of your hire and the contributions you make to the Plan your Credited Service may count towards "Tier 1" or "Tier 2" benefits (as defined in the Contributions and Benefit sections below).

Senior Managers who elected to join the Plan in February 2008 under Ordinance 2008-16 will earn Credited Service under the Plan beginning February 14, 2008. These Senior Managers may have chosen to have their prior service as Senior Managers with the Employer counted as Credited Service by paying the full actuarial cost for that service prior to December 11, 2011.

Break in Service

If you terminate employment and later return to work for the City, you will become a Member upon reemployment, subject to the conditions described in the Eligibility section above. Upon your reemployment, you will be credited with your prior eligible service only if you repay in full, with interest at the rate(s) assumed for actuarial purposes, the monies previously refunded to you and the City’s portion of any costs. You must pay all costs of prior service, including the City’s portion of any costs, prior to your retirement, entry into DROP or termination of service. If repayment is not made in full by that time, any monies paid by you for your prior service shall be refunded with interest. Once these monies are returned, there will be no further opportunity for you to obtain credit for prior service.

Military Service

Should you take a leave of absence from the Employer in order to enter the military either voluntarily or non-voluntarily, your period of leave will be included in your Credited Service for vesting purposes if you:

  1. Return to City employment within one year from the earlier of the date of military discharge or release from active service, unless otherwise provided by the Uniformed Services Employment and Reemployment Rights Act, as amended; and
  2. Are entitled to reemployment with the City under the provisions of the Uniformed Services Employment and Reemployment Rights Act. Any active duty in the military prior to your date of hire by the Employer is not included in the Credited Service with this Employer.

Election to Round Up Credited Service

Effective October 1, 2021, employees may elect to "round up" their Credited Service to the next full year of service. Employees elect to "round up" their Credited Service at the time they apply for retirement benefits. Employees are responsible for paying all costs for the additional time being added to their Credited Service, this includes both the employee and Employer costs. (see Contributions section below)

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