The URL can be used to link to this page

Home My WebLink AboutO-08365of iltuA GAL NO2 S 6 ottotsW.tdtLi 1 CF'�1Etdt,t_�sgtD!�I,.t0 CLi? 'Aft ;Ss -SEC TIOzt8 Q ff: E 'tI' `tI C:-I1? i AI9 Vit1A0AetSS Y REV i t?HJ'l rL It L P.iLt`_+ (07.Dtit L•3O! 5624, MA? 1956,' T15 AMEN-. D8D) t \S At5p8AAINdi DIF IC Tt&7 FOA_'E A8 i\ A P AAT OE Ct' APTE? 2 OF THE E CODE OF THE CITY MIAM.t, FLORIDA* 1937, ASA`_r.NDED, MORE PA'A- TrCULARLY t>MENDI tG SECTIO\ 106 OF SAID CHAPTER .2 ' Ai, f �- B! R8PaAtIN-0 5u'•BSECTIOYS. 1(c) , 4,' 5 t,7'.� AND SUBSTITUTING TI-HEREFO? A iiEW SUBSECTION 4 OF SECTION 106 OF SAID CiU PTE? 2 Tf ttulnY PROVID- :ING FOR TWO CLASSES OF E.MPL O 1ES, TO WIT: CLASS A t-• CONSISTING OF ALL GENERAL MEN AND WOMEN EMPLOYEES,. AND CLASS B - CONSISTING OF ALL GENERAL EMPLOYEES WHO AS OF OCTOBER 1, 1974, WERE MEMBERS OF THE MIAMI CITY EMPLOYEES' RETIREMENT SYSTEM PROVID- INIG FURTHER THAT P E MEMBERS:OF CLASS B SHALL RETAIN THEIR STATUS OF EXEMPTION FROM THE"PRO- VISIONS. OF THE SOCIAL:SECURITY ACT; PROVIDING r(3RT'I:.`R. '. HAT, EACH MEMBER WHO HAS ATTAINED HIS ' M iN i MUM RE.TIftEMENI DATE SH LL REC.,EIVE A NORMAL RETIREMENT'. BENEE'IT OF:TWO TtvO (2) PER CENT OF HIS FINAL AVERAGE :EARNINGS, PLUS' AN ADDITIONAL! ONE-- . TENTH (1/10) OF ONE (1) PER CENT FOR EACH YEAR THAT TIC MEMBER' S AGE AND SERVICE'EXCEEDS SEVENTY— FIVE (75) "UP TO:A MAXIMUM CREDIT OF THREE (3) PER CENT PER YEAR OF SERVICE WITH EXCEPTIONS; PROVIDING FURTHER FOR THE TRANSFF,R OF ALL ASSETS AND LIABILITIES FROM TZ E :RETIREMEN'T SYSTEM TO THE RETIREMENT ENT PLAN FOR THOSE MEMBERS OF THE MIAMI CITY EMPLOYEES' RETIREMENT SYSTEM BE COM- ING" MEMBERS OF:THE MIAMI CITY GENERAL EMPLOYEES' RETIREMENT . PLAN; PROVIDING FURTHER FOR AN TIC-. TU RIAL "VALUATION TO BE MADE AS OF Di CEMBER 31, 1974, TO DETERMINE 'THE" ASSETS AND LIABILITIES OF, THOSE t•iE_'BERS OF. THE MIAMI CITYEMPLOYCES' RETIREMENT SYSTEM TRANSFERRING TO 'THE MIAMI CITY GENERAL EMPLOYEES' RETIREMENT MENT PLAN; PROVIDING . FURTHER THAT TIRE SHALL . BE, AN EIGHT (8) PER CENT;CON-! TRIBUTION BY ALL EMPLOYEES BELONGING TO THE "MIAMI CITY GENERAL EM.PL' OYEES-.RETIREMEENT"' PLAN; REPEAL-• ING ALL ORDINANCES, CODE SECTIONS OR PARTS THEREOF IN CONFLICT, INSOFAR AS THEY. ARE IN CONFLICT; CONTAINING' A SEVERA3ILITY PROVISION; , U .,CL"fl.1,:G THIS ORDINANCE TO BE AN' EMERGENCY MEASURE AND DISPENSING WITH THE REQUIREMENT OF READING THE SAKE ON. TWO SEPARATE DAYS .BY A • VOTE OF NOT LESS THAN FOUR -FIFTHS OF THE NE4BERS OF THE COMMISSION . WEREAS,'THE-MIAMI CITY GENERAL EMPLOYEES RETIREMENT PLAN (ORDINANCE No, 5624) , MAY 2, 1956, AS AMENDED) ' WAS NOT INCLUDED AS A PORTION OF THE NEW CODE OF THE CITY OF MIAMI, FLORIDA, EFFECTIVE SEPTEh13ER 1, 1967, : AS ADOPTED BY ORDINANCE NO, 7585 (JULY 25, WittRtAg said plan heY4. exists ifi. th it appeaid in Chapter 2 Of the Co'3e of the city 1f tiiacni, Fiofidaf 1951 at amehdedi 1h.additioh td basic' Ordinance form' anci . y ar a;n ehdhents to said p�.ati t?ati be t�f#FtEr'tSf afi addition �1 made by fefetetiee to the eectiott designatioris as they appear in said Chapter* 2 o E the. Code of the Ci ty' o f t+iiami, 'Florida, as amendecd, and WHEREAS, theCity of Miami has entered into agreements with the General Employees' Association; Sanitation Employees As- sociation; and the American Federation of State, County and Muni- cipal Employees Local No. 654; and WHEREAS, members of the. Retirement System have previously elected to exercise their rights under the Social Security Actto be exempt from the provisions of said act; and WHEREAS, the city desires to implement the proAsions; contained in said agreements; NOW, THEREFORE, BE IT ORDAINED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The Miami City General Employees' Retire- ment Plan is hereby amended by repealing Subsections 1(c), 4, 5 and 6 of Section 106 of said Chapter 2 and substituting, therefore, new Subsection 4 of Section 106 of said Chapter 2, which shall pro- vide as follows It shall be theduty of the city manager to, submit, to the board a statement showing the name, title compensation, duties, date of birth and length of service of each member, and such information regarding other employees - as the board may require. Each member shall be placed in one of the following two (2) classes; Class A - All general men and women employees class B -All general employees who as pf Octo- ber 1, 1974, were members of the Miami. city Employees' Retirement System. Page 2 of 4 All iettbers of .Class. B shalt retain their statics of exempt ion from the proVisions Of the .Sodial Se Ut;it) ACE, The Minimum n0.tital setVide tetitenleht age of ail members of the Miaitti City Ge►ieral Employees' Rotito= merit plan shall be 55, Under t1d circumstances shall the ti itliMum normal setVide retirement age be less than.59 years oida each ttetnbet Who has . attained his tn.iniMUm retirement date shall redeive a normal retire- ment benefit of two . (2) per' cent ofhis final. averacje earnings, plus an additional one - tenth (1/10) of one (1) per centfor eadh year that the sum of the metnber's age and service exceeds seventy-five (75) up to a maximum credit to three (3) per cent per year of service. In calculating the metrber's age and service for the additional one -tenth (1/10) of one (1) per cent, the amount of service shall not exceed twenty (20) years in the computa- tion. However, if the number of years of ser- vice needed to total seventy-five (75) when added to the member' s age is less than twenty (20) , that number of years of service shall be the maximum years of service number used in the formula to provide the one -tenth (1/10) of one (1) per cent per year benefit. Section 2. All assets and liabilities which have accrued to the benefit of each member of Class B shall be tracts- ferred from the Miami City Emplo:Pees' System to the Miami City General Employees' Retirement Plan. The actuary shall make`a valu- ation of the assets and liabilities of said member's so trans- ferring as of December 31, 1974. Section 3. Each member of the Miami City General Employees' Retirement Plan shall be required to make an eight (8), per cent contribution to the said plan. Section 3. All ordinances, code sections or parts thereof in conflict herewith, insofar as they are in conflict, are hereby repealed. Section 4. If any section, sentence, clause, phrase or word of this ordinance is for any reason held or declared to be unconstitutional, inoperative or void, such holding or inval- idity shall not affect the remaining portions of this ordinance, Shall be con to h been the i.h t en'- , f' th r:" :7 ,. =�.i s- an� it s, st%ttec� have bic5fi of Ehe dity of Miami to riass this dtdin nce without s=:ic? Unco istittitiohai inValid of iftOperatiVe part . ttier c,in t and the fernaifder o f this ordinance ► a Eter the e::cit.isioh of glich part or pafts shall be deened and head to be Valid ag if .s'Udh iatta had not been . included therein. $ectior 5, This ordinance is hereby declared to be an emergency measure on the ground of urgent public need for the presertiatibn of peace, health, safety and property in the City of Section 6. The,requirement of reading this .ordinance on two separate days is hereby dispensed with by a vote of not less than 4/5 of the members of the commission. PASSED AND ADOPTED BY TITLE ONLY this FEBRUARY • (ATTE CITY CLERK PREPARED AND APPROVED BY: 4 �.td gAL ONALD A. SILVER Assistant City. Attorney 1975, APPROVED AS TO 'FORM AND CORRECTNESS: Page 4. of 4 day of MkU RLCE A, .FIBRE MAYOR SEE FILL OF ORDINANCE NO: 8358 FOR PROOF OF PUBLICATION