Police Officers’ Retirement Plan and Trust Fund to establish a Partial Lump Sum Option Payment (PLOP) and update provisions related to the Deferred Retirement Option Plan (DROP — O1866 - Police Officers' Pension Plan - PLOP with backup — CITY COMMISSION REGULAR MEETING (2026-05-20)
City of Miramar, Broward County, Florida
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The City of Miramar Commission will consider Temporary Ordinance No. 1866 at first reading on May 20, 2026, and second reading on July 8, 2026. The ordinance amends the Police Officers' Retirement Plan and Trust Fund to add a new Partial Lump Sum Option (PLOP) that allows police officers to receive 5%, 10%, 15%, or 20% of their retirement benefit as a lump sum, with the remainder paid as a monthly pension...
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