HomeMy WebLinkAboutR-24-0319City of Miami
Resolution R-24-0319
Legislation
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 16367 Final Action Date: 9/7/2024
A RESOLUTION OF THE MIAMI CITY 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"), ATTACHED AND
INCORPORATED AS EXHIBIT "A", IN THE AMOUNT OF $113,649.00, TO
PROVIDE FOR THE ADMINISTRATION OF THE GESE EXCESS BENEFIT
PLAN FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2024, AND
ENDING SEPTEMBER 30, 2025.
WHEREAS, Sections 40-243 and 40-265 of the Code of the City of Miami, Florida, as
amended, authorizes the Board of Trustees ("Trustees") 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 2024-2025 on March 22, 2024, and amended on May 31, 2024; and
WHEREAS the Trustees request the approval of the GESE Excess Benefit Plan budget
for the Fiscal Year commencing October 1, 2024, and ending September 30, 2025, in the
amount of $113,649.00;
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 GESE Retirement Trust Fund Fiscal Year 2024-2025 budget, attached
and incorporated as Exhibit "A", for the Fiscal Year commencing October 1, 2024, and ending
September 30, 2025, in the amount of $113,649.00, 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 If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days
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 1 of 2 File ID: 16367 (Revision:) Printed On: 8/5/2025
File ID: 16367 Enactment Number: R-24-0319
APPROVED AS TO FORM AND CORRECTNESS:
ge Wy j ng III, C1ty ttor -y 8/27/2024
City of Miami Page 2 of 2 File ID: 16367 (Revision:) Printed on: 8/5/2025