§ 116.803. Duties of Director of Finance and Administration.
Latest version.
The Director of Finance and Administration shall administer the deferred compensation
program and each plan therein approved by the Council, and may delegate responsibility
for such administrative duties as he deems necessary to one or more private firms
or one or more duly authorized representatives of each company underwriting or offering
(or both) an approved plan, and no compensation shall be paid to those representatives
or firms except through the usual assessments, fees, charges or commissions for the
sale or administration (or both) of the products used to fund this program. The Director
of Finance and Administration is also designated the appropriate official to make
determinations as required under F.S. § 112.215(6)(b). The Director of Finance and
Administration shall submit to the Council a yearly evaluation of the performance
of the plan providers. This evaluation may contain recommendations for dismissal.
The Director shall advise the Council when he finds that a plan provider is not meeting
the needs of the City's employees.
