Home Feature Hollywood Commission Restores Police Pension Benefits Cut in 2011

Hollywood Commission Restores Police Pension Benefits Cut in 2011

Members of the Hollywood Police Department at the Feb. 6 commission meeting were pleased the Hollywood Commission agreed to restore many benefits lost because of Financial Urgency declared in 2011.

At the time, Hollywood was facing a $38 million budget shortfall. All city employees took a pay cut. The police took a 12.5 percent pay cut.

The Commission agreed to restore pension benefits at a cost of $4.5 million a year. On February 20, the Commission is expected to sign a three-year police contract.

Hollywood has paid $18 million toward this year’s contribution to the pension plan. Under the new play, the city will pay $13.5 million to the police pension over the next three years.

Police officers will pay more toward their pension and toward their healthcare. They will receive a two percent cost of living increase instead of a four percent increase.

Jeff Marano, a police union leader who spoke at the meeting said he was glad that benefits were being restored. But he was disappointed that the benefits had been cut during Financial Urgency. A large group of police officers attended the meeting and were in good spirits following the decision.

Hollywood commission restores police pay and pension benefits cut in 2011
Hollywood commission restores police pay and pension benefits cut in 2011

David Volz
David Volz
David Volz has been a reporter for Hollywood Gazette since 2011 and has worked for numerous community news publications throughout South Florida over the past two decades including the South Florida Sun-Sentinel, Miami Herald and South Florida Business Journal. He is a Professor in the Business department at Broward College and the editor of the Coral Springs Connection, an online community news website. He covers city government, schools, sports events, cultural activities, faith groups and workplaces.

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