Sec. 129.113. - Unlawful Compensation.

The types of compensation described herein below shall be prohibited. (a) Any compensation other than: (1) Salary; (2) City or State authorized pension or retirement plans; or (3) A bonus program that meets all the requirements of State law. This subsection shall not prohibit non-taxable benefits such as insurance, mileage, club membership, or other allowances. (b) A pension, retirement, or deferred compensation plan that is not approved by the State of Florida as part of the Florida Retirement System or as part of the City retirement system or approved by City ordinance. (c) A retirement or deferred compensation plan that is not fully exempt pursuant to federal Internal Revenue Service laws, rules, and regulations. (d) A bonus program based on any budget differential for the City or any department or agency of the City. This includes, but is not limited to, circumstances wherein actual expenses are lower than budgeted expenses either due to revenues above projected revenues or expenses below projected expenses. This subsection shall not, however, prevent the creation of a bonus program, which is consistent with State law and which may include an employee suggestion program, provided that such program awards individual efforts and achievements, provided further that such program is approved by the Council by ordinance or is contained within a collective bargaining agreement. (e) A contract or program that in any manner purports to grant to any officer or employee any property or ownership interest of any sort in the City or any department or agency of the City or any property of the City. (f) Compensation based or calculated upon the value or growth or loss in value of the City or any of its agencies or departments or any property of any sort owned by the City or any of its agencies or departments. (g) A contract or program that purports to grant to any officer or employee any equity or other property interest in a City department or agency that is recapitalized or sold. (Ord. 2020-185-E , § 2)