HomeMy WebLinkAboutR-14-0313City of Miami
Legislation
Resolution: R-14-0313
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 14-00776 Final Action Date: 9/9/2014
A RESOLUTION OF THE CITY OF MIAMI 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"), ATTACHED AND INCORPORATED, FOR
THE FISCAL YEAR COMMENCING OCTOBER 1, 2014, AND ENDING
SEPTEMBER 30, 2015, IN THE AMOUNT NOT TO EXCEED $109,307.00,
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 ("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, an annual budget is required to properly administer the GESE Excess Benefit
Plan, and
WHEREAS, the budget of the GESE Excess Benefit Plan for Fiscal Year 2014-2015 has been
reviewed on March 21, 2014, by the 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 fully set forth in this Section.
Section 2. The annual budget of the GESE Excess Benefit Plan, attached and incorporated,
for the Fiscal Year commencing October 1, 2014, and ending September 30, 2015, in the amount not
to exceed $109,307.00, excluding the actuarially determined annual benefit payment, to provide for
the administration of the GESE Excess Benefit Plan, is approved and adopted.
Section 3. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.{1}
{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
City of Miami
Page 1 of 2 File Id: 14-00776 (Version: 11 Printed On: 1/9/2018
File Number: 14-00776 Enactment Number: R-14-0313
effective immediately upon override of the veto by the City Commission.
City of Miami Page 2 of 2 File Id: 14-00776 (Version: 1) Printed On: 1/9/2018