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HomeMy WebLinkAboutM-82-0809rr N . TO Howard V. Gary, September 7, 1982 City Manager Agenda - Item #10 yRandolph B. Rosencrantz -P-... p Ass't. City Manager 1 Item #10 deals with increasing the amount the City is presently subsidizing retirees. Presently, the City is subsidizing retirees 1/2 of 1% on the first $300 of their pension. This money comes from the General Fund and has been paid for the last three or four years. The cost to the City is approximately $300,000 per year. Supplemental nayments such as these place the City between a rock and a hard place. If we continue to make these payments each year, then they become "institutionalized." If they become institution- alized, then they should be placed on an actuarially sound basis. Failure to do so causes two problems. 1. The State insists that such payments should -.be "funded and 2. On our official statement, such commitments are shown as "unfunded liabilities." Although we can continually state that these payments are of a temporary nature, they very quickly become institutionalized if they are continued more than two or three years. RBR: to l� Mr. Edward K. Rawls 3021 N.W. 1 Street Miami, 33125 (305) 649-4837 Auaust 6, 1982 Mr. Howard Gary City Manager of Miami P.O. Box 330708 Miami 33133 Dear Mr. Gary: On behalf of the Retired City Employees of the City of Miami, I would appreciate the opportunity of addressina the Miami City Commission on September 9 regardina the l% increase of the 1st $300. on our pension checks. Also we would like to discuss our insurance program. Would you please advise me at your earliest convenience regarding my appearance. Thanking you for your consideration. I remain, Sincerely your f� i r�1001 Edward K. Rawls President City of Miami Retired City Employees cc: Mayor•Maurice A. Ferre Miami City Commission s f,� CITY OF MIAMI ASSOCIATION OF RETIRED EMPLOYEES 3021 N. W. First Street Miami, Florida 33125 Tel. No. 649-4837 August 18, 1982. Honorable Howard V. Gary City Manager, City of Miami P. 0. Box 330708 Miami, Florida 33133 Re: Retired Employees Pension Benefits and Increase Group Health Insurance Benefits Cost. Dear Mr. Gary: The retired employees request that an opportunity be granted to them for a hearing before the City Commission in order that additional monies be budgeted by the City to decrease the cost of health insurance benefits for the retirees and their dependants. Formerly the City contributed towards the death benefit, however, this was terminated on June 22, 1978, predicated on an Amendment to Section 112.0801 FS. This Section has now been repealed and there is no prohibition in the Florida Statutes preventing the cities from reinstating this payment or to increase the cities' contribution towards the reduction of the premiums. The Association further request that we be given an opportunity to present to the Commission our request for an increase of 1% of the first $300.00 of benefit paid to pension employees for a cost of living increase. This is imperative as under the present appropriation this benefit will stop October 1, 1982. We recognize the City has budgetary problems, however, the tremendous escalation of living cost and the recent increase in insurance cost for those under 65 (over 60%) has made it impossible for some employees to continue in the City•s insurance program. The retired employees are in desparate need of assistance. We urgently request that you place this matter on the City Commission agenda of September 9th. We would appreciate an opportunity to discuss this with you personally prior to the Commission meeting. Your favorable consideration of our request will be appreciated. EKR/fr cc/Mayor Maurice Ferre Vice Mayor Joe Carollo Commissioners J.L. Plummer, Jr. Miller J. Dawkins Demetrio Perez, Jr. Margaret Kern, Secretary Very truly yours, Edward K. Rawls, President 82-809