HomeMy WebLinkAboutMemoCITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
TO :
FROM :
Joe Arriola,
City Manager
Larry M. Spring,
Chief of Stratega n
and Performance
ing
DATE:
SUBJECT:
REFERENCES:
ENCLOSURES:
December 28, 2005
FILE :
Financial Impact of
Proposed Mayor's Salary
Increase
Per your request please find attached the analysis of the financial impact of the proposed
increase in the Mayor's annual salary. The analysis considers the annual dollar impact as
well as the impact to the pension. The analysis assumes a retirement age of 55, a life
expectancy of 77.5 years of age and an annual rate of return of 6%.