HomeMy WebLinkAboutLegislationE
City of Miami
City Hall
3500 Am Pan American
t„ IY
Drive
Legislation
Miami, FL 33133
r
www.miamigov.com
Resolution
File Number: 09-00996
Final Action Date:
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING AND ADOPTING THE ANNUAL BUDGET OF THE CITY OF MIAMI
GENERAL EMPLOYEES' AND SANITATION EMPLOYEES' EXCESS BENEFIT
PLAN ("GESE EXCESS BENEFIT PLAN"), FOR THE FISCAL YEAR
COMMENCING OCTOBER 1, 2009 AND ENDING SEPTEMBER 30, 2010, IN THE
AMOUNT NOT TO EXCEED $138,316, EXCLUDING THE ACTUARIALLY
DETERMINED ANNUAL BENEFIT PAYMENT, TO PROVIDE FOR THE
ADMINISTRATION OF THE GESE EXCESS BENEFIT PLAN.
WHEREAS, under Section 40-265 of the Code of the City of Miami, Florida, as amended, the
Board of Trustees is appointed as the committee to administer the City of Miami General Employees'
and Sanitation Employees' Excess Benefit Plan ("GESE Excess Benefit Plan"); and
WHEREAS, a budget is required to properly administer the GESE Excess Benefit Plan; and
WHEREAS, the budget of the GESE Excess Benefit Plan for Fiscal Year 2009-2010 has been
reviewed by the Board of Trustees of the GESE Excess Benefit Plan and found to be acceptable;
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 Annual Budget of the GESE Excess Benefit Plan for the Fiscal Year
commencing October 1, 2009 and ending September 30, 2010, in the amount not to exceed $138,316,
excluding the actuarially determined annual benefit payment, to provide for the administration of the
GESE Excess Benefit Plan, attached and incorporated, is approved and adopted.
Section 3. This Resolution shall become effective immediately upon its adoption and signature
of the Mayor.{1}
APPROVED AS TO FORM AND CORRECTNESS.
JULIE O. BR
CITY ATTORNEY
City of Miami Page 1 of 2 Printed On: 9/14/2009
File Number.' 09-00996
Footnotes:
{1 } If the Mayor does not sign this Resolution, it shall become effective at the end of ten calendar day
from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become
effective immediately upon override of the veto by the City Commission.
City of Miami Page 2 of 2 Printed On: 9/14/2009