An Ordinance Of The City Of Hollywood, Florida, Amending Chapter 33 Of The Code Of Ordinances Titled “Firefighter’s Pension And Retirement” Incorporating Various Changes To The Chapter Contained In The Tentatively Agreed To Collective Bargaining Agreement With The Hollywood Professional Fire Fighters, Local #1375, Including Changes To The Benefit Accrual Rate For Firefighters Who Separate From Service, Enter The Deferred Retirement Option Plan, Or Enter The Reformed Planned Retirement Benefit To 3.4% Of Average Final Compensation For Each Year Of Credited Service Earned On And After July 7, 2026, For Both Tier 1 And Tier 2 Members; Changes To The Normal Retirement Date To The Earlier Of The First Day Of The Month Following The Attainment Of Age 50 And The Completion Of Ten Years Of Credited Service Or Upon The Completion Of 21 Years Of Credited Service, Regardless Of Age; And Changes To The Member Contribution Rate To 9.85% For Tier 1 Members And 11.35% For Tier 2 Members

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