HomeMy WebLinkAboutR-25-0380City of Miami
Resolution R-25-0380
Legislation
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 17934 Final Action Date: 9/13/2025
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, IN THE AMOUNT OF ONE HUNDRED TWENTY
THOUSAND, ONE HUNDRED FIFTY-FOUR AND 00/100 ($120,154.00), TO
PROVIDE FOR THE ADMINISTRATION OF THE GESE EXCESS BENEFIT
PLAN FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2025, AND
ENDING SEPTEMBER 30, 2026.
WHEREAS, Section 40-243 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 2025-2026 on April 25, 2025; and
WHEREAS the Trustees request the approval of the GESE Excess Benefit Plan budget
for the Fiscal Year commencing October 1, 2025, and ending September 30, 2026, in the
amount of One Hundred Twenty Thousand, One Hundred Fifty -Four and 00/100 Dollars
($120,154.00), attached and incorporated as Exhibit "A;"
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 2025-2026 budget, attached
and incorporated as Exhibit "A," for the Fiscal Year commencing October 1, 2025, and ending
September 30, 2026, in the amount of One Hundred Twenty Thousand, One Hundred Fifty -Four
and 00/100 Dollars ($120,154.00), 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: 17934 (Revision:) Printed On: 9/17/2025
File ID: 17934 Enactment Number: R-25-0380
APPROVED AS TO FORM AND CORRECTNESS:
9� Wy ng III, CT#y ttor -y 8/29/2025
City of Miami Page 2 of 2 File ID: 17934 (Revision:) Printed on: 9/17/2025