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HomeMy WebLinkAboutMaster ReportFile Number: 09-00909 Version: 2 City of Miami Master Report Enactment Number: 13090 File Name: Amend-Gese Ordinance Requester: Department of Employee Relations File Type: Ordinance Reference: Cost: City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Status: Passed Controlling Body: Office of the City Clerk Introduced: 8/18/2009 Final Action: 9/24/2009 Title: AN ORDINANCE OF THE MIAMI CITY COMMISSION AMENDING CHAPTER 40/ARTICLE IV/DIVISION 3, OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, ENTITLED "PERSONNEL/PENSION AND RETIREMENT PLAN/CITY OF MIAMI GENERAL EMPLOYEES' AND SANITATION EMPLOYEES' RETIREMENT TRUST," MORE PARTICULARLY BY AMENDING SECTIONS 40-244 AND 40-246, TO REFLECT CHANGE IN ACTUARIAL ASSET METHOD FROM THREE YEAR ASSET SMOOTHING TO FIVE YEAR ASSET SMOOTHING WITH PARTIAL PHASE IN; CHANGE FROM LEVEL DOLLAR TO LEVEL PERCENT OF PAY AMORTIZATION OF THE UNFUNDED ACTUARIAL ACCRUED LIABILITY; AND TO CLARIFY CHANGES IN ACTUARIAL METHODS AND ASSUMPTIONS, CONTAINING A SEVERABILITY CLAUSE AND PROVIDING FOR AN EFFECTIVE DATE. Sponsors: Notes: Indexes: Attachments: 09-00909 Legislation FR pdf,09-00909 Summary Form FR/SR.pdf,09-00909 GESE-Adjustment SR.pdf, History of Legislative File Version: Acting Body: Date: Action: Sent To: Due Date: Return Date: Result: 1 Office of the City 9/1/2009 Reviewed and Attorney Approved 2 Office of the City 9/10/2009 Reviewed and Attorney Approved 2 City Commission 9/10/2009 PASSED ON FIRST Pass READING 2 City Commission 9/24/2009 ADOPTED Pass 2 Office of the Mayor 10/1/2009 Signed by the Mayor Office of the City Clerk 2 Office of the City Clerk 10/2/2009 Signed and Attested by City Clerk City of Miami Page I Printed on 6/28/2017