Retirement Benefit Information

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Plan Status
Plan established under the Code of Ordinances for the City of Pompano Beach, Florida, Sections
34.045-34.073 and was most recently stated under Ordinance No. 2018-23, passed and adopted on
January 9, 2018. The Plan is also governed by certain provisions of Chapters 175 and 185, Florida
Statutes, Part VII, Chapter 112, Florida Statutes and the Internal Revenue Code.

Eligibility for Participation
(1)  All Police Officers and Dispatchers who were participants of the prior Employees’ Pension Plan and
(2) Police Officers and Dispatchers who elected to remain in the Plan prior to the takeover of the
police department by the Broward Sheriff’s Office on 8/1/99.
(3)  All Firefighters who were participants in the prior Employees’ Pension Plan; and
(4) All regular, full time Firefighters (20 hours per week and 5 months per year) from age 18, upon
date of employment.

Benefits

Normal Retirement

Eligibility
A member hired before May 27, 2014 may retire on the first day of the month coincident with or next
following the earlier of:
(1) age 47 with 20 years of Continuous Service, or
(2) age 55 with 10 years of Continuous Service.

A Firefighter member hired on or after May 27, 2014 may retire on the first day of the month
coincident with or next following the earlier of:
(1) age 50 with 20 years of Continuous Service, or
(2) age 55 with 10 years of Continuous Service.

Multipliers
Police Benefit:  3.0% of Average Monthly Earnings (AME) multiplied by years of Continuous Service
up to a maximum of 25 years, plus 2.0% of AME multiplied by years of Continuous Service in excess
of 37.5.

Firefighter Benefit:  3.0% of AME multiplied by the first 10 years Continuous Service, plus
4.0% of AME multiplied by the next 10 years, plus 2.0% of AME multiplied by the next 5 years
with a maximum benefit equal to 80% of AME; plus 2% of AME multiplied by each year of service in
excess of 40.

COLA
Beginning five years after benefit payments begin, retirees receive an automatic annual increase
of 2% on each October 1.  An additional annual increase of up to 1% is payable if certain conditions are met

The Plan also offers early retirement, disability and death provisions.

DROP

Police DROP:  5 Years

Firefighter DROP:  8 years

For DROP Rules:  DropRules 01-09-2018