HomeMy WebLinkAboutR-15-0385City of Miami
Legislation
Resolution: R-15-0385
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 15-00981 Final Action Date: 9/10/2015
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"), ATTACHED AND INCORPORATED, IN
THE AMOUNT OF $116,307.00, EXCLUDING THE ACTUARIALLY DETERMINED
ANNUAL BENEFIT PAYMENT, TO PROVIDE FOR THE ADMINISTRATION OF THE
GESE EXCESS BENEFIT PLAN FOR THE FISCAL YEAR COMMENCING
OCTOBER 1, 2015 AND ENDING SEPTEMBER 30, 2016.
WHEREAS, under Section 40-265 of the Code of the City of Miami, Florida, as amended, the
Board of Trustees for General Employees' and Sanitation Employees' ("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 Trustees reviewed and approved the GESE Excess Benefit Plan budget for
Fiscal Year 2015-2016 on March 20, 2015; and
WHEREAS, the Trustees request the approval of the GESE Excess Benefit Plan budget for
the Fiscal Year commencing October 1, 2015 and ending September 30, 2016, in the amount of
$116,307.00, excluding the actuarially determined annual benefit payment;
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 if fully set forth in this Section.
Section 2. The GESE Excess Benefit Plan Fiscal Year 2015-2016 budget, attached and
incorporated, for the Fiscal Year commencing October 1, 2015 and ending September 30, 2016, in
the amount of $116,307.00, excluding the actuarially determined annual benefit payment, to provide
for the administration of the GESE Excess Benefit Plan, is approved and adopted.
City of Miami
Page 1 of 2 File Id: 15-00981 (Version: 1) Printed On: 3/22/2018
File Number: 15-00981 Enactment Number: R-15-0385
Section 3. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor. (1)
Footnotes:
(1) If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10)
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: 15-00981 (Version: 1) Printed On: 3/22/2018