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HomeMy WebLinkAboutO-11340J-95-962 1/16/96 ORDINANCE NO. t 13 4 0 AN ORDINANCE AMENDING THE CITY CODE RELATED TO THE CITY OF MIAMI GENERAL EMPLOYEES' AND SANITATION EMPLOYEES' RETIREMENT TRUST; MORE PARTICULARLY AMENDING SECTION 40-234 TO REQUIRE THAT CERTAIN EMPLOYEES HIRED AFTER MARCH 31, 1996 SHALL BE MEMBERS OF THE CITY OF MIAMI GENERAL EMPLOYEES' AND SANITATION EMPLOYEES' RETIREMENT TRUST; FURTHER, AMENDING SECTION 40-235 TO PROVIDE FOR CREDITABLE SERVICE TRANSFER, PAST SERVICE BUY-BACK AND REPAYMENT OF ANY OUTSTANDING TRUST FUND ACCOUNT LOAN FOR CERTAIN EMPLOYEES; CONTAINING A REPEALER PROVISION AND A SEVERABILITY CLAUSE; PROVIDING FOR AN EFFECTIVE DATE. BE IT ORDAINED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. Sections 40-234 and 40-235 of the Code of the City of Miami, Florida, as amended, are hereby amended in the following particulars:l/ "CHAPTER 40. PERSONNEL Sec. 40-234. Right of certain persons to reject membership. Words and/or figures stricken through shall be deleted. Underscored words and/or figures shall be added. The remaining provisions are now in effect and remain unchanged. Asterisks indicate omitted and unchanged material. 11340 Those persons employed in the following positions shall have the right to reject membership in the retirement plan within one (1) year from their respective commencements of employment with the city, subject to performance of the conditions set forth in paragraphs (1) and (2) below, within the aforesaid time period: city manager, city attorney, city clerk, assistant city manager, chief deputy city attorney, deputy city attorney, assistant city attorney, technical services administrator, executive assistant to the city manager, assistant city clerk, executive secretary of the civil service board, assistant executive secretary of the planning and zoning board, assistant executive secretary of the planning board, director of a department established by the Charter of the city or by ordinance as authorized by such Charter, assistant director of a department, labor relations officer, assistant labor relations officer, cable communications administrator, assistant to the city manager III, assistant to the city manager II, legislative administrator. Membership in the retirement plan shall be required for persons hired in the above -mentioned positions after March 31, 1996. The conditions upon which membership in the retirement plan may be rejected by any person employed in any of the foregoing positions shall be as follows: (1) Submission to the commission of a written trust agreement wherein the employee rejects membership in the retirement plan and wherein provision is made for the city to contribute moneys on behalf of such employee to a public trust fund designated by the employee and approved by the commission, such contribution to be made in lieu of the city's contribution on behalf of the employee to the retirement plan. (a) The contribution to be made by the city under the terms of the above agreement shall be calculated at the rate of eight (8) percent of the individual's annual earnable compensation. (b) A contribution to the designated public trust fund must be made by the employee rejecting membership in the retirement plan, and such contribution by the employee shall be picked up by the city at a rate of not less than five (5) percent of the employee's annual earnable compensation. - 2 - 11340 (c) An employee may, if so provided in the trust agreement, take actual or constructive receipt of his or her contribution, and those contributions made by the city on his or her behalf prior to reaching age fifty-five (55) or upon becoming permanently and totally disabled by making a revocable election of distribution of accounts pursuant to the mode of distribution of benefits as provided in the trust agreement. (2) If an eligible employee fails to comply with all of the conditions set forth above, the employee shall not have the right to reject membership in the retirement plan." "Sec. 40-235. Transfer of city employees to retirement plan. (A) Any person employed by the city as a fire fighter or police officer, who is reclassified and appointed to a position other than fire fighter or police officer and who, prior to such appointment, was a member of the City of Miami Fire Fighters' and Police Officers' Retirement Trust ("retirement system"), shall have membership transferred to the retirement plan, effective the date of such appointment. Creditable service earned as a member of the retirement system shall be deemed creditable service in the retirement plan upon such transfer. (B) Any current employee employed prior to April 1, 1996 by the city in a position defined in Sec. 40-234 who has previously rejected membership in the retirement plan and elects membership in the retirement plan by June 30, 1996, shall have membership transferred to the retirement plan, effective July 1 1996. Creditable service as a member of the public trust fund defined in Sec. 40-234 shall be deemed creditable service in the retirement plan upon such transfer. (C) Past service buy-back. Prior to election for membership transfer under paragraph (B) above, an employee in a position defined in Section 40-234 may elect to enter into an agreement between the employee and the city to Purchase creditable service as a member of the public trust fund, from his or her original date of employment to the date he or she first becomes a member of the public trust _fund defined in Section 40-234 above. - 3 - 11340 (D) Outstanding loan balance. Any member of the public trust fund who has an outstanding loan against his or her public trust fund account balance and who elects to transfer to the retirement plan must repay said loan in full prior to transfer to the retirement plan. ($E) Commencing on the effective date of transfer to the retirement plan, a member who has transferred from the retirement system or public trust fund as defined in Sec. 40-234, shall make regular contributions at the rate required by the retirement plan. Accumulated contributions credited in the retirement system or public trust fund as defined in Sec. 40-234. to the account of such member shall be transferred to the membership account of the retirement plan and credited to the member thereunder. There shall a4-a�be transferred: (i) from the benefit account of the retirement system to the benefit account of the retirement plan, the amount of assets, as determined by actuarial valuation, held by the retirement system for any system member who transfers membership to the retirement plan; or (2) the employee/employer contribution account balance held in a public trust fund on behalf of any Sec 40-234 defined employee who transfers membership to the retirement plan. (EF) If any member of the retirement plan has transferred from the retirement system or a Sec. 40-234 public trust fund and his or her contributions pursuant to membership in the retirement system or public trust fund cause accumulated contributions at the member s normal retirement age to exceed the amount such accumulated contributions would have been had the member been a member of the retirement plan during his or her entire period of service with the city, such member shall be entitled to the return of the excess contributions upon retirement or shall have his or her retirement allowance increased by the actuarial equivalent of the amount by which his or her contributions exceed the full amount which would have been the members accumulated contributions had he or she been a member of the retirement plan during his or her entire period of service with the city." - 4 - t I 1 Jl Section 2. All ordinances or parts of ordinances insofar as they are inconsistent or in conflict with the provisions of this Ordinance are hereby repealed. Section 3. If any section, part of section, paragraph, clause, phrase or word of this Ordinance is declared invalid, the remaining provisions of this Ordinance shall not be affected. Section 4. This Ordinance shall become effective thirty (30) days after final reading and adoption thereof. PASSED ON FIRST READING BY TITLE ONLY this 25th January , 1996. day of PASSED AND ADOPTED ON SECOND AND FINAL READING BY TITLE ONLY this 29th day of February 1996. STEAiEN P. CIJRK, MAYOR ATTEST: LTER MAN CITY CLERK PREPARED AND APPROVED BY: G LINDA RICE CHAPMAN ASSISTANT CITY ATTORNEY W076:LRC:bss:mis APPROVED AS TO FORM AND CORRECTNESS: A. P , III CITY TTO - 5 - 1A 40 TO FROM 3 CITY OF MIAMI, FLORIDA INTER -OFFICE MEMORANDUM The Honorable Mayor and Members of the City Commission City 51 DATE: January 17, 1996 FILE : SUBJECT: Amendments to Sections 40-234 and 40-235 of the City Code REFERENCES: ENCLOSURES: RECOMMENDATION It is respectfully requested that the City Commission approve the attached Ordinance amending Section 40-234 of the City of Miami Code, by limiting the right of certain employees to reject membership in the City of Miami General Employees' and Sanitation Employees' Retirement Trust ("retirement plan") and amending Section 40-235 by establishing provisions for transferring existing city employees to the retirement plan, and for creditable service transfer, past service buy-back, and repayment of employee outstanding public trust fund account loan. BACKGROUND The City of Miami currently offers to employees occupying certain positions the right to reject membership in the General Employees' and Sanitation Employees' Retirement Trust, in favor of participation in the City of Miami Money Purchase Plan (Public Trust Fund), an employer -sponsored retirement plan governed by Sec. 401 of the Internal Revenue Code and administered by the I.C.M.A. Corporation (RC). Amendments to the Internal Revenue Code require employers to satisfy minimum employee participation requirements for continuation as a qualified plan. Further, the City must obtain its own determination letter with regard to the qualification of the Public Trust Fund in order to be confident that the Public Trust Fund is qualified. As a result of the above new requirements, which may adversely affect the Public Trust Fund's continued status as a Section 401 qualified plan, the City has determined that it is in its -best interest to amend the City of Miami Code to require membership in the City of Miami's General Employees' and Sanitation Employees' Retirement Trust for all persons appointed to the affected positions, after March 31, 1996. t13401 ift#la of 'ffltamw- WALTER J. FOEMAN City Clerk March 12, 1996 Alyce A. Whitson, Esq. Municipal Code Corp. P.O. Box 2235 Tallahassee, FL 32304 Dear Ms. Whitson: Enclosed herewith please find a copy of the following Ordinances which amend the Code of the City of Miami, Florida: 11331 11340 11343 11344 11345 If I can be of any further assistance, please do not hesitate to call. Very truly yours, Valerie Puyans Deputy Clerk Enc. a/s CESAR H. ODIC) City Manager OFFICE OF THE CITY CLERK/3500 Pan American Drive/P.O. Box 330708/Miami, FL 33233/(305) 250-5360/FAX: (305) 858-1610 t#� of ffl- 14f�txn& WALTER J. FOEMAN t. t March 12, 1996 Mr. Louis Tomeo Court Operations Officer 1351 N.W. 12th Street, Rm 7-701 Miami, FL 33125 CESAR H. ODIC) City Manager Dear Mr. Tomeo: Enclosed herewith please find a copy of the following Ordinances which amend the Code of the City of Miami, Florida: 11331 11340 11343 11344 11345 Please acknowledge receipt of same by affixing your signature to the enclosed copy of this letter and return it to this office for our files. Thank you. Very truly yours, WALTER J. FOEMAN City Clerk RECEIVED BY: DATE: WJF:vp Enc. a/s OFFICE OF THE CITY CLERK/3500 Pan American Drive/P.O. Box 330708/Miami, FL 33233/(305) 250-5360/FAX: (305) 858-1610 Afttp -of 'ffltaZTit WALTER J. FOEMAN City Clerk March 12, 1996 Office of the State Attorney Attention: Rosemary Ricotta 1350 N.W. 12th Avenue Miami, FL 33136-2111 Dear Ms. Ricotta: CESAR H. ODIC) City Manager Enclosed herewith please find a copy of the following Ordinances which amend the Code of the City of Miami, Florida: ,i 11331 11340 11343 11344 11345 Please acknowledge receipt of same by affixing your signature to the enclosed copy of this letter and return it to this office for our files. Thank you. Very truly yours, WALTER J. FOEMAN City Clerk BY: DEPUTY RECEIVED BY: DATE: WJF:vp Enc. a/s OFFICE OF THE CITY CLERK/3500 Pan American Drive/P.O. Box 330708/Miami, FL 33233/(305) 250-5360/FAX: (305) 858-1610 O ate. ..,.-, .. 111 PLWIC6."TH APPLICABLE CITY OF MiIG1hNAM`METRO- PQLITAjt - COUNTY REQUIREMENTS; =ltfrllN!lDVIMK3 .OF A GUARD HIM FAC1t IM. ";NISI'AL- 191 TION OF TRAFFIC CANT bEVICES, All inMd'p8rsorls.wll take "ndios'flaW} 11tRt-it• AND NG AND. APPRDPRtATIN� Afi1p1INT NOT ae1r:, tt186,1hwClyCommission of M isn* Floridity a0tlpwpd ihF fQNowYrg' p( kI�Nr1D D THOf�iUND 0O LM""DIWO) MIAMI DAII I At "NriPjlOVQdENTS, AND ADDITIONAL Published Dr "fOR Ir1TEI RWING,A NO,: REOU 4mmrseIENT FOR Am ove %I nut. Miar ANEMIERIMiNK'Y# COR flUl401Il`TTTL "®U'f1mdDE FIANCE 10..t tiX , AS t1I1MG' ti T A. LOCATION REQUIRING EXECUTION OF INTERLOCAL STATE OF FLORIDA ; iMj °SilNh liliTIALLY THE POW, ffTACHED COUNTY OF DADE: - PLANNING AND -, COf3RDINATK*,' BY CITY AND METAL lTAN WIDE Before the underr FUNDS Ctitli�il'iK; ANING A 'REPEALER P.ROVIS1004 SEVER, Octelma V. Ferbeyr + TI+E•LITAN 1N#?1f CLAUSE, AND PROVIDING FOR AN THE Supervisor, Legal f 0 1i+IfZ�lT 1 MATHE ,ARAM '0 IIfAT$. — Review Vk/a Miami Rt AREA AND. >iD. 80 AB' ME, - �'B' and Legal Holidays) r UKYC*" `FLIMlD6 TO BE USED FOR THE ORDllitl ;NO,,1,1343 County, Florida; tha PClRTION Of. TME. ,; CHI1hTER S OF THE CODE OF. being a Legal Advertl PLANNING '"STUDY; ,FURTHER LNG THE CITY 1W Off(I<F�MUM1 PLOFIDA, AS AAWNDED. T1� WV.IDE ,$AID, �MlD �E ALL i R,"VESl RAT70NS APPL�Ii4DIt *WV111E MIA- MQUIRED DOCUA I*M, IN A FORM At�'TiAKE TO THE f;j 5k `P'ARft%LARLY EY M SECTIONS CITY OF M "ON ATTORNEY; CONTAINING A REPEALER: PROVISION S8 3t) AA0 $)ftAND ADDING NEW SECTION 11"I TO SAID ORDINANCE ; AND ASEV10RABILITYCLAUSE. CODE; 4)01 WG A _REPEALM PROVISIl^ MVER- >ABWIlY CIA , AND PROVIDING FOR AN (P.O. # 4 C FUND B17TItEp 'CLANG REDI)CTIOFI Cit1dN11iliCE N0.11134�1 in the ....................... 51't?RTS PRO "i �F 'AO A� � AN OR61Ni :FNIATIM TO FEE C^A)LATONS FOR was published in salt MR THE OPERATtOM $AMIE' Rd "�, OF '���" NG'ARTICI EV1 AND ;178,136 CONSISTING OF, WIAiT FROM A POLITAN Pt/ItI" Fe OF CHAPTER 82 OF 11* CI� BY Mar 15, 1 TPADE COUNTY; AUTHORIZING THE C17Y MAft TO C�ANGt�I(3 TEXT OF SECTION;82�I (3) TO"� A6LISH E)IECULE THE NECESSARY, FORM il! .9R THE CALCULATION:OFSAIi.F E$ FOR AOCEPTABLE TO THE CITY AT'TO Y, TO ACCEPT SQD FOR ONE sTRfiL`T IE; ICONTANNNG GRAN ; CONTAINING A REPEALER` PROVWON' ^ AND A, A Q _ iM0Y1810M1 AND A SEVEA/1811 tfY CLAUSE; SEVERASK I7Y CLAUSE. AM PROVIDING FOR AN. EFFECTIVE DATt. Attiant further as Review is a newsy . OAIDEMANN�'lNO.T/3W ORDIIAl1C,NO,11348 County, Florida, and AN"OAD1NANCE AMENDING THE CITY CODE REiJ1TED TO AN ORDINANCE P43AIING TO FEE PAVMWM-. AMENDING been continuously P THE . CITY OF. MIAMI GENERAL I EMKOY6W AND TICLE VtZONING AND PLANNING FPS,' OF CHAPTER 62 . each day (except Sat SAIWTATM EMPLOYEES` RETIREMENT -`['RUST; .11108E ( THE CITY CODE BY ADDING A NBNf SECTM 62-63 has been entered at Y". .. ,. aA84 ,T ? PROVIDING FOR THE PARTIAL DEFEt#MENT `OF CERTAIN office in Miami in sei " " ,THAT CERTAIN EMPLOYEES HIED AFTER MAP FEES ASSOCIATED WITH AN APPLICATION FOR AND 3ki 31, 1896 one year next precec °OF 'iHE CITY OF _ MIAMa d1 iA1 ISSUANCE OF A MAJOR USE SPECIAL ' PEIRM11T- FOR copy of advertisemei .: EMPLOYEES' AND SANITATION DES' RETIREMENT neither paid nor pro ' DEVELOPMENT ACTIVITY IN A •DULY :DESIGNATED CITY any disCoun bate TFnJST;�,�8E4N6T'O-PROVIDE FOEVEF.OPMIENT DISTRICT; CONTAINING A' REPEALER of securi this ad, FOR SETitflCE7l R=' AST � BUY- PROVISION AND A SEVERABLITY CLAUSE; AND PROVIDING newspa r. BACK' ALAYMAEN� ✓OF ANYrAlNapNG"'*1ST FOR AN EFFECTIVE DATE. �IC FUND ACCOUNT Ai .IO; FOR, 1WWAIN- EMPLOYEES; CONTAINING A /tLER PROVISION AND A S RABILITY ORDNANCE NO.11340 CLAUSE; PR NIaiiiiR'A#OVECTIVItOAT£. AN ORDINANCE AMENDING THE ZONING ORDINANCE BY ............................... Ni1ANG SSiCTION 9D62; 'SEPARATION OF. RESIDENTIAL- INIINICE N0.1I34t AND NOWAMOOffiAL. USES,' A10, SECT.KW - -SM-8, AN ORDINANCE :. I10 T11tO* SPECIAL REVENUE 'FfiNCEStW%.,LS' AND HEPQES,' 410 AM JR WAXATIONS - FUNDS, AS PC3( t*WS, AND APPAOPAUATING FUNDS FOR PeRIAINI1G TO tW FINISHING OF, W 0* SIDES 15 y.........� � p M" RARE NDWESIQENTiIIIL I LDPM ........de� T NEW ENT f06', IN THE AMOUNT OF 32, ,CNOb, AND PLAZA Tip THE RIMARIM PRIW30 THE OF WOW. . i`.Olgt1► A, ........ .... R�. 1gSQt I tTF ' /1►9 `` 13Y } PROVISION AND A SEVERABLITYtL110ft" DING P sTiTita vE DATE (SEAL) 20 ; Ji x ? OF �111 IN Gray be inspected by the,pu4�Mc still -9 os d the,.; , Octelma v ' CIUMiT/IIM IQ 1► . Ate A {3 1p)�t: 8F94 MMa°Ardedt" Drive #Msnr1, MOn6ay tlrrargh yid CxISLISE.' 1ItdM�r ArABreEliMtoldAye,d4twden (rota; 1urRz4rtM16p.nr. OF FL CIMCD# AN �A)EI!IG DADS . FOiiEI MUIY't D ' p-#T' r WALTM&PUMAK , �y�►SO*"-Y ti •�. .x r -r �, tt-