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HomeMy WebLinkAboutLegislationCity of Miami Legislation Ordinance City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 11-00138 Final Action Date: (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," MORE PARTICULARLY BY AMENDING SECTIONS 40-255 TO PROVIDE FOR A LIMITED EXTENDED DROP INCENTIVE PROGRAM; CONTAINING A SEVERABILITY CLAUSE, AND PROVIDING FOR AN EFFECTIVE DATE. BE IT ORDAINED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. Chapter 40, Article IV, Division 3, Section 40-255 of the Code of the City of Miami, Florida, as amended, is further 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 * (I) Deferred retirement option program. (11) DROP incentive program. Any member who is a DROP participant as of October October 22, 2009 any member in DROP or eligible to retire, may participate in City of Miami Page 1 of 2 File Id: 11-00138 (Version: 1) Printed On: 2/10/2011 File Number. 11-00138 { a} The DROP incentive program or extended DROP incentive program a: A lump sum in the amount of $25,000.00, or A lump sum in the amount of $7,200.00 and receive a 100 em ployee-plus-ore. Effective March 1, 2011 any member of DROP or eligible to retire, who elects to separate from City employment by March 31, 2011 shall be allowed to maintain health insurance benefits at active employees premium rate for 5 years. * *II Section 2. If any section, part of a 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 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 after final reading and adoption and signature of the Mayor.{2} APPROVED AS TO FORM AND CORRECTNESSe/ JULIE O. BRU CITY ATTORNEY 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} This Ordinance 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 2 of 2 File Id: 11-00138 (Version: 1) Printed On: 2/10/2011