HomeMy WebLinkAboutM-84-1367TO: Honorable Mayor and
Members of the City
Commission
CITY OF MIAMI, FLORIDA
INTEROFFICE MEMORANDUM
DATE: November 14, 1984 i n.e.
SUBJECT: Supplement to Retirees
FROM: Howard V. Gary REFERENCES:
City Manager
ENCLOSURES:
At the last City Commission meeting, you directed the
Administration to develop a program which would increase the
City's contribution to the supplement paid to retirees. We have
reviewed several alternatives and recommend to the City
Commission that effective January 1, 1985, the City increase its
contribution to the retirees from 1% to 1 1/2%.
This will cost the City approximately $250,000 for the remaining
nine months of FY184/85. Funds to provide for this increase will
be taken from the Special Programs and Accounts Fund. Payments
to the retirees are made on a quarterly basis and the January 1,
1985 check will reflect this increase, if approved by the City
Commission on December 13, 1984.