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HomeMy WebLinkAboutR-18-0423City of Miami of �City Hall r 3500 Pan American Drive Legislation Miami, FL 33133 * IA61RR uuu �F R RR www.miamigov.com l ° R I° Resolution: R-18-0423 File Number: 4592 Final Action Date: 9/27/2018 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING AND ADOPTING THE ANNUAL BUDGET OF THE CITY OF MIAMI GENERAL EMPLOYEES' & SANITATION EMPLOYEES' EXCESS BENEFIT PLAN ("GESE EXCESS BENEFIT PLAN"), ATTACHED AND INCORPORATED, IN THE AMOUNT OF $112,477.00 TO PROVIDE FOR THE ADMINISTRATION OF THE GESE EXCESS BENEFIT PLAN FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2018, AND ENDING SEPTEMBER 30, 2019. WHEREAS, Sections 40-243 and 40-265 of the Code of the City of Miami, Florida, as amended, authorize the Board of Trustees ("Trustees") to administer the City of Miami General Employees' and Sanitation Employees' Excess Benefit Plan ("GESE Excess Benefit Plan"); and WHEREAS, an annual budget is required to properly administer the GESE Excess Benefit Plan; and WHEREAS, the Trustees reviewed and approved the GESE Excess Benefit Plan budget for Fiscal Year 2018-2019 on March 23, 2018; and WHEREAS, the Trustees requested the approval of the GESE Excess Benefit Plan budget for the Fiscal Year commencing October 1, 2018, and ending September 30, 2019, in the amount of $112,477.00; and WHEREAS, on September 13, 2018, the Miami City Commission discussed and deferred until today's September 27, 2018 meeting the consideration of the GESE Excess Benefit Plan budget for the Fiscal Year commencing October 1, 2018 and ending September 30, 2019, and approved the amount of $112,477.00 to provide for the administration of the GESE Excess Benefit Plan, which will be reconsidered by the Trustees at tomorrow's September 28, 2018 meeting; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated as is fully set forth in this Section. Section 2. The GESE Excess Benefit Plan budget for Fiscal Year 2018-2019, attached and incorporated, in the amount of $112,477.00 to provide for the administration of the GESE Excess Benefit Plan is approved and adopted. Section 3. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.' ' If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective City of Miami Page 1 of 2 File ID: 4592 (Revision: B) Printed On: 911812020 File ID: 4592 APPROVED AS TO FORM AND CORRECTNESS: Enactment Number: R-18-0423 i ria ndez, ity ttor ey 8/29/2018 i ria ndez, ity ttor ey 3/19/2019 ��4( T—, jwt6riaWnd6z, CIFy Attor iey 3/25/2019 immediately upon override of the veto by the City Commission. City of Miami Page 2 of 2 File ID: 4592 (Revision: B) Printed on: 911812020