HomeMy WebLinkAboutR-11-0386City of Miami
Legislation
Resolution: R-11-0386
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 11-00738 Final Action Date: 9/27/2011
A RESOLUTION OF THE CITY OF MIAMI COMMISSION, WITH ATTACHMENT(S),
APPROVING AND ADOPTING THE ANNUAL BUDGET OF THE CITY OF MIAMI
GENERAL EMPLOYEES' & SANITATION EMPLOYEES' EXCESS BENEFIT PLAN
("GESE EXCESS BENEFIT PLAN") FOR THE FISCAL YEAR COMMENCING
OCTOBER 1, 2011 AND ENDING SEPTEMBER 30, 2012, IN THE AMOUNT NOT
TO EXCEED $118,428, 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 Code of the City of Miami, Florida, as amended, 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 2011 - 2012 has
been reviewed by the Board of Trustees of the GESE Excess Benefit Plan and found to be
acceptable; and
WHEREAS, the City Commission has requested a five percent (5%) reduction in the proposed
budget, so as to assist the City of Miami with its financial difficulties;
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 the Fiscal Year
commencing October 1, 2011 and ending September 30, 2012, in the amount not to exceed
$118,428, reflecting a five percent (5%) reduction in the proposed budget, 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}
City of Miami
Page 1 of 2 File Id: 11-00738 (Version: 2) Printed On: 10/19/2017
File Number: 11-00738 Enactment Number: R-11-0386
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 File Id: 11-00738 (Version: 2) Printed On: 10/19/2017