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HomeMy WebLinkAboutLegislation (Version 2) -03-10-11City of Miami Legislation Resolution City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 11-00137 Final Action Date: A RESOLUTION OF THE MIAMI CITY COMMISSION DIRECTING THE CITY MANAGER TO INITIATE AN INCENTIVE PROGRAM FOR MEMBERS OF THE FIPO PENSION PLAN EFFECTIVE MARCH 15, 2011 THROUGH APRIL 15, 2011, TO PROVIDE THAT ANY IAFF MEMBER IN DROP OR ELIGIBLE TO RETIRE, WHO ELECTS TO SEPARATE FROM CITY EMPLOYMENT BYAPRIL 15, 2011, SHALL BE ALLOWED TO MAINTAIN HEALTH INSURANCE BENEFITS AT ACTIVE EMPLOYEES PREMIUM RATE FOR 5 YEARS; AND EFFECTIVE MARCH 15, 2011 ANY FOP MEMBER IN DROP OR ELIGIBLE TO RETIRE, WHO ELECTS TO SEPARATE, FROM CITY EMPLOYMENT BYAPRIL 15, 2011 SHALL BE ALLOWED TO MAINTAIN HEALTH INSURANCE BENEFITS AT ACTIVE EMPLOYEES PREMIUM RATE FOR 7 YEARS. BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA; Section 1. The Miami City Commission directs the City Manger to initiate an incentive program for any IAFF member in DROP or eligible to retire, who elects to separate from City employment by April 15, 2011 shall be allowed to maintain health insurance benefits at active employees premium rate for 5 years, and that effective March 15, 2011 any FOP member in DROP or eligible to retire, who elects to separate from City employment by April 15, 2011, shall be allowed to maintain health insurance benefits at active employees premium rate for 7 years. Section 2. This Resolution shall become effective immediately after first reading and adoption and signature of the Mayor.{1} APPROVED AS TO FORM AND CORRECTNESS:b' JULIE O. BRU CITY ATTORNEY Footnotes: {1} This Resolution shall become effective as specified herein unless vetoed by the Mayor within ten 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 or upon the effective date stated herein, whichever is later. City of Miami Page 1 of 1 File Id: 11-00137 (Version: 2) Printed On: 2/28/2011