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HomeMy WebLinkAboutSummary FormDate: 02/13/2014 AGENDA ITEM SUMMARY FORM FILE ID: I` -I C)I CAo Law Department Matter ID No. Requesting Department: Human Resources Commission Meeting Date: 02/27/2014 District Impacted: Type: [f Resolution n Ordinance ❑ Emergency Ordinance M Discussion Item ❑ Other Subject: DISCUSSION REGARDING A FICA ALTERNATIVE PLAN Purpose of Item: Discuss prospects of implementing a Federal Insurance Contributions Act ("FICA") alternative retirement plan as requested by the City Commission. Background Information: On July 25, 2013, the City Commission requested the administration submit a report, within sixty (60) days, detailing the prospects of instituting a FICA alternative retirement plan for part-time, seasonal, and temporary employees. On November 1, 2013, the report was submitted to the Honorable Mayor and Members of the City Commission. Budget Impact Analysis Is this item related to revenue? Is this item an expenditure? If so, please identify funding source below. General Account No: Special Revenue Account No: CIP Project No: Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: CIP Final Approvals .(SIGN AND DATE Bu If using or receiving capital funds Grants Risk Management Purchasing Dept. Director Chief City Manager %Y Page 1 of 1