HomeMy WebLinkAboutLegislationCity of Miami
Legislation
Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 08-01073 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"), IN THE AMOUNT NOT TO EXCEED
$149,636, EXCLUDING THE ACTUARIALLY DETERMINED ANNUAL BENEFIT
PAYMENT, ATTACHED AND INCORPORATED, TO PROVIDE FOR THE
ADMINISTRATION OF THE GESE EXCESS BENEFIT PLAN, FOR THE FISCAL
YEAR COMMENCING OCTOBER 1, 2008 AND ENDING SEPTEMBER 30, 2009.
WHEREAS, pursuant to Section 40-265 of the Code of the City of Miami, Florida, 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 2008-2009 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, in the amount not to exceed
$149,636, excluding the actuarially determined annual benefit payment, attached and incorporated, to
provide for the administration of the GESE Excess Benefit Plan, for the fiscal year commencing
October 1, 2008 and ending September 30, 2009, 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. BRU
CITY ATTORNEY
City of Miami Page 1 of 2 Printed On: 9/15/2008
File Number: 08-01073
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.
Ciry of Miami Page 2 of 2 Printed On: 9/15/2008