Pension Board

Key Biscayne Police Officers & Firefighters Retirement Plan


Composition:

The Board of Trustees are designated as the retirement plan administrator. Among other duties outlined in the Ordinance 97-21 (see attached) the Board: determines eligibility and membership; determines the amount of retirement allowances or other benefits; establishes uniform rules and procedures; distributes information about the system to members; receives and process all benefit applications; authorizes payments from the Fund; and performs actuarial studies and valuations at least as often as required by law.

 

The Board shall be comprised of (5) Trustees, (2) shall be legal residents of the municipality and be appointed by the Village Council, (1) shall be a full-time Police Officer Member of the System who shall be elected by a majority of the Police Officers who are Members of the System, (1) shall be a full-time Firefighter Member of the System who shall be elected by a majority of Firefighters who are Members of the System. The 5th Trustee shall be chosen by a majority of the previous (4) Trustees and such person's name shall be submitted to the Village Council and formerly ratified by the Village Council.

 

Each resident Trustee shall serve as Trustee for a period of (2) years, unless he sooner vacates the office or is sooner replaced by the Village Council at whose pleasure he shall serve. Each Police Officer or Firefighter Trustee shall serve as Trustee for a period of (2) years, unless he sooner leaves the employment of the Village as a Police Officer or Firefighter or otherwise vacates his office as Trustee, whereupon a successor shall be chosen in the same manner as the departing Trustee. Each Trustee may succeed himself in office.

 

Council Liaison: Edward London

Staff Liaison: Juan C. Gutierrez, Human Resources Director

 

Members:

First Name

Last Name

Term Started:

Appointed by:

Term Limit:

Keith

(Fire Trustee)

Bean

12/01/17

Firefighter Union

2 years

Daniel

(Police Trustee)

Valdes

12/01/18

Police Officer
Union

2 years

Bill
(Resident Trustee)

Stephens

08/27/19

Village Council

2 years

Edward W.
(5th Trustee)

Easton

01/25/18

Ratified by Council Pension Board

2 years

Wesley

(Resident Trustee)

Pritchett

04/09/19

Village Council

2 years

 

Agendas and Minutes are available online as PDF files.

 

Online information for the Key Biscayne Police Officers & Firefighters Retirement Plan required per Chapter 112.664, Florida Statutes (Rule 60T-1.0035), as implemented by Senate Bill 534

Annual Budget for FY 2017-18 (PDF) required by the State of Florida to be provided to the plan sponsor (Village) and all current and retired members. 

 

 

 

 

 

 


"To provide a safe, quality environment for all islanders through responsible government."

 

© 2013 Village of Key Biscayne   |   88 West McIntyre Street   |   Key Biscayne, FL   |   33149   |   (305) 365-5511   |   feedback@keybiscayne.fl.gov

 

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