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HomeMy WebLinkAboutO-13109Vop City of Miami F .. 19611F 111 *'Ir Legislation i 0 R �O Ordinance: 13109 File Number: 09-01156 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Final Action Date: 10/22/2009 (4/5 THS VOTE) AN EMERGENCY 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," TO PROVIDE FORA LIMITED EXTENDED DROP INCENTIVE PROGRAM; MORE PARTICULARLY BY AMENDING SECTION 40-255; CONTAINING A REPEALER PROVISION, A SEVERABILITY CLAUSE, AND PROVIDING FOR AN EFFECTIVE DATE. BE IT ORDAINED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. Section 40-255 of the Code of the City of Miami, Florida, as amended, is amended in the following particulars:{1} "Chapter 40 PERSONNEL ARTICLE IV. PENSION AND RETIREMENT PLAN DIVISION 3. CITY OF MIAMI GENERAL EMPLOYEES' AND SANITATION EMPLOYEES' RETIREMENT TRUST Sec. 40-255. Benefits. (k) Deferred retirement option program. (11) DROP Incentive Program City of Miand Page 1 of 2 File Id. 09-01156 (Version: 1) Printed On: 7/3/2017 File Number: 09-01156 Enactment Number: 13109 Any member who is a DROP participant as of October 1, 2009, may elect to participate in the DROP Incentive Program by completing the necessary election documentation no later than October 15, 2009. Effective October 22, 2009 any member in DROP or eligible to retire, may participate in the Extended DROP Incentive Program by completing the necessary election documentation no later than November 6, 2009. Participation in the DROP Incentive Program and the Extended DROP Incentive Program is as follows: (a) The DROP Incentive Program or Extended DROP Incentive Program participant may, upon separating City employment, elect to either receive: (1) A lump sum in the amount of $25,000.00 OR (2) A lump sum in the amount of $7, 200.00 and receive a 100% subsidy of insurance for 2 years from date of separation. The insurance shall be based on an HMO Plan tier of employee plus one. Section 2. 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 3. This Ordinance is declared to be an emergency measure on the grounds of urgent and public need for the preservation of peace, health, safety, and property of the City of Miami, and upon the further grounds of the necessity to make the required and necessary payments to its employees and officers, payment of its debts, necessary and required purchases of goods and supplies, and to generally carry on the functions and duties of municipal affairs. Section 4. The requirements of reading this Ordinance on two separate days is dispensed with an affirmative vote of not less than four-fifths (4/5ths) of the members of the Commission. Section 5. This Ordinance shall become effective immediately upon its adoption and signature of the Mayor. {2} Footnotes: {1} 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. {2} If the Mayor does not sign this Ordinance, it shall become effective at the end of ten calendar days from the date it was passed and adopted. If the Mayor vetoes this Ordinance, it shall become effective immediately upon override of the veto by the City Commission. City of Miami Page 2 of 2 File Id. 09-01156 (Version: 1) Panted On: 7/3/2017