COHERF Pension Election Informational Sessions 2.23.2026

Hollywood City Manager's Office presentation · February 23, 2026

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Opening and presenters introduced

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Dave Keller (City Manager's Office) opened the session, introduced Christine (pension administrator) and Al (Nationwide representative) and said the team would summarize new retirement options for employees.

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Hollywood City staff presented three retirement options — remain in the defined-benefit (DB) pension, switch to a defined-contribution (DC/401(a)) plan, or choose a hybrid combining a smaller DB benefit with a DC account — and answered employees’ questions about contributions, vesting, DROP, buybacks, tax treatment, and deadlines. Employees must choose by March 11 for changes to take effect the pay period beginning March 30.

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Transcript

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