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File Number: 07-01107 Final Action Date:
A DISCUSSION OF THE MIAMI CITY COMMISSION REGARDING A
RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING AND ADOPTING THE ANNUAL BUDGET FOR THE GENERAL
EMPLOYEES' & SANITATION EMPLOYEES' EXCESS BENEFIT PLAN ("GESE
EXCESS BENEFIT PLAN"), FOR THE FISCAL YEAR COMMENCING OCTOBER 1,
2007, AND ENDING SEPTEMBER 30, 2008, IN THE AMOUNT NOT TO EXCEED
$61,479, 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 City of Miami Code, the Board of Trustees is appointed
as the committee to administer the City of Miami General Employees' & 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 2007 - 2008 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 Fiscal Year commencing
October 1, 2007, and ending September 30, 2008, in the amount not to exceed $61,479, 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:
JORGE L. FERNANDEZ
INTERIM CITY ATTORNEY
City of Miami Page 1 of 2 Printed On: 8/28/2007
File Number: 07-01107
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: 8/28/2007