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City modernizes employee retirement options and ratifies AFSCME contracts covering 2025–2028
Summary
The Hollywood City Commission on Sept. 17 adopted a second-reading ordinance changing the city employees’ retirement fund to add defined-contribution and hybrid options, set implementation for Feb. 1, 2026, and ratified three collective bargaining agreements with AFSCME covering 2025–2028.
Hollywood — The City Commission on Sept. 17 approved changes to the City of Hollywood Employees’ Retirement Fund and ratified collective bargaining agreements covering three AFSCME bargaining units.
Pension reform: On second reading the commission adopted an ordinance that amends Section 33.025 of the city code to add two new optional retirement plans — a defined-contribution plan and a hybrid plan — and to revise the composition of the pension board and language governing purchase of accredited service. The ordinance sets a targeted implementation date of Feb. 1, 2026, to allow time for elections and administrative setup. City staff and the pension board’s representatives said the changes will give employees more choice and are expected to reduce…
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