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Home My WebLink AboutM-75-0849ttNEVIT PAYOTI (PU - Annuity of $1) Assumptions Retirement at 65 ; life expectancy 10 years; annual payment of $10,000 on kTanUary 1; interest rate on investments 4 1/2% compounded annually. Amt. Required Year DePefit ?actor on Retirement* 1 $10,000 1.000 $10,000 2 10,000 .962 9,620 3 10,000 .925 9,250 4 10,000 .868 8,880 5 10,000 .855 8,550 6 10,000 .822 8,220 7 10,000 .790 7,900 8 10,000 .760 7,600 9 10,000 .731 7,310 10 10,000 .703 7,030 Total 4t,100 000 N/A '04 360 • AMET AOMIATIOT (Sinking Fund) Agsumptiong: tMpIoyee joins plan in 1975 with 30 years to retirement; nen -contribU tOty plan; interest Pate on investments 4 1/2% compounded annually. ContribUtions (A) 1 $1,500 2 1,500 3 1,500 Factor EarninC,8 (B) (A)x(B)=(c) 2.243 43,364 2.119 3,179 1.999 2,998 Total Available (A)4(C) $4,064 4,679 4,498 29 1,500 30 , 1,500. Total $45,000 Proof: Total Assets Required Factor .082 .040 N/A 123 60 439.1.360 Annual Contributions Required- approx. 1,623 1,560 04,360 $84,360 .0178 1,5004 \ ova 6\e„r =044 0.54n, a<!$ Tuve tor „A,.Py„ s tAt tJ c\be.*ek lit . IA 4 tva 1\ %pce_ ,1 �.cuvd VUtJ& `'7 .... _ ............. I•; Nest.ce bQ;. lna, \`'\1 L, e.% \ :a, o o \ , e ►.1LZi \•\ s *.11 ,'\.a cxa • t•• 1 4 1 ex...Y tl ' ttV .11f1 +:f: t. i.i r.:.:.x.h tJt1 t MPlitti t1i4 7ez ,tCClllit4i t 1 tNct .r- • fh t 00/36/74 • .•i..s :•cw .... +n �: a:-�c. .aua..•i3�ii:.l$«i{...r 1g 1m197:z 'I T. l.71D 9/✓�17"!Y .a••. .-1Y4•.A..BM •r tXP'ENDI iEJRrS EXPEMA TIJl2'E5 EXPEI10JI 11qES 2101.• ....��,,. a , .f1EPT f1P titJAE�It-E ` AhM OF SPEt1AL 'FONDS bt=' 3 OP M NANtE AOM l s.Ptt1 AL 'F1JOS ... bR J E G T 1 trt M.. , 2tt.t3 ..,.: , , ..�..�.._. SECTION TOTAL 1010 :SALARIES 1011 'SAI_AJ.IIS t)1SARi1ITY 1 90 PERSONAL SFRV1CtSi 6i1StIALANEnnIs htiJECT TOTAL 2001 AttJAtty 2005 AUDITING 2010 POS1 Ar;E 2264 PRINT SN0P 2' 4t ro1-n1 cAL SERv i CF S 2360 PRINTING U11TS1rn 2490 MAINTENANCE Gr;h!TRACTS 2690 SPECIAL SERVICES- BANK FEES 2710 TRAVR FxPENSE ' 2910 MISCELLANEOUS 3580 OFFICE SUPPLIES 3910 MISCELLANEOUS SOUS .. iY•.J. -. .COURT REP pRJECT 1n1'AL OBJECT TOTAL 4145 SOCIAL SECURITY 4310 CONTRII;l1TION - GROUP INSURANCE. 4330 CONTRIW,ITm•! - RETIREMENT SYSTEM 4912 .REIMB+URSEIMENT - FIrNANCE EXPENSE .,.• 4913 RF.IRrtIIRSF?.,ENT - LAW EXPENSE 4960 UIS9l1?SF•MFI'ITS APP 1Ch'!L F .Td PRIOR Y'F:ARS Y. .a lia Gaagi �, a'. Yt ¢:G� l.Gi::t y: Gir is i:.KSY att iG Yilf. •194406 213866 29#40. 24 Eno 194406 210364 304436 i•Y. 1.4,325 30,929 1,000 1,000 14 362 14155 1,657 ' 1.91 7 13.714 101515 103 103 45,703 _ 70.645 426 2 7 970168 11.7.297 362 729 6 • 362 735 752090 850,034 '3,091,410 _.._ 62i619 22,001 5• 9474433 1,056,574 3,647,084 62.619 22.001 OBJECT TOTAL .....,.;.•4,77`I,R59..,..- .5,735,711 FOOI PME' T - NEW - OFFICE EQUIPMENT EQUIPMENT REPLACEMENTS r.OFFICE I:9(JI PM OBJECT TOTAL :19.26 010 OVERT 1'iE • SECTION TOTAL OBJECT TOTAL 15.61E 1,{)00 T.643 m . 9' u 1,692 165 1721861 65 2n4.2' o 1,073 5 1.074 1.Ii1�i•r1115 1.0ib.656 11. 764,694 • 62..61.9 22.t+U 1 7.r!39,973 23R 1.031 1.269 4, i{96•, 495•'• • 548754.609 • 74276,998 26 26 SECTION TOTAL 26 • . • } • • • i , iriA• stiaii► .} ,,;� ,E ..,•a:r m: f�lN}l.e . a 9IR& l•..aaLilliLf •: iN .,camel ilt.slsiat1i97Lc.n +u•i19 Q)l�ii•y a0i l5rt Pasi 9.s$. L.:Xi ult riyN'ie • l ic9lLo g a tit• .ur.••c. •t."' ftbtlfij'i=.tin'MPA41S 1N - WWII* I* txattlit itt P.. i1:1, .+k. .... 4 c -P. 41.4c.•.. 3'tt•N .-.4 a a.. £-L .a: Plitt...• ?:JI 21•2, 214429 1010 Si V€aM cE .,.t4 1971L1972 1972-1973 EXPLNi)11t)'tES EXF EN011tJRES 573 OBJtCt i'Jli AL 573 L. .i Y i. L r-- a-: GJ:. SLtticiN TOTAL 573 OtPT 1 oTAL 4097068 i 68 ..... .... ..41.1.1.•••Y. .:• . .«.. ...riot. ...:/♦•••.••...t••....tJ••.•a • •A .- -.... •'.•. . •,• .. • t••. 4•-•.✓ ,... • • 5 , K75.+35 . a... ... •....... •1'•♦.•.•.•.aL•.' ,•.♦a ••• .••.. •.. •..!-•.I•..S4., tJ.•..: i•_,.w L.••N.'. 4..* .'l.....•• ..•..•••.. ... ..ti.•••a. .l•••... • l...w•. -�•..�... .•••••• . • •. •• ♦• ••.-•..• •., '•• •-% w .. r• . t•••• ••A•, a. • • .. •.• •• • • .•.. •.••• l•..M.•..•.•.. • • 11. l •M• :. • • tAtt b9/3tFt4 i973ti ti14 EX Ei'it)11'tIRES 22.0. 7*777*232 MtAM tiTY EMPtOYEESI RETIREMENT SYETEM AND ,MIAMt .0ITY_=NERAE_EMPLOYEE81„....RETIREMENT_PLAN tATERENT_OP Wil_RECEIPMAND,DISMIR8EMENTS YEAR„ENDED DECEMBER_ 114_1174 BALANCE, january 1, 1174 RECEIPTS: Members' contributions City's contribution Earnings on investments: Interest $ 1,092,467 Dividends 1,017,593 Rental income 7 500 Proceeds from Sale of securities: Commercial paper and U.S. Treasury obligations 257,240,648 Corporate stocks, bonds, and V.A. Mortgages 59 350,725 Other: Group insurance premiums 428,131 Workmen's compensation 190,621 Miscellaneous 23,948 642,700 $ 32026 4,404i 747 6,102,551 4* 117,560 296,591,373 TOTAL CASH RECEIPTS $311,858,931 DISBURSEMENTS: Funds invested: commercial paper, certificate of deposit, and U.S. Treasury obligations Corporate stocks and bonds $251,265,643 52,607,-200 303,872,843 Reduction of bank overdraft 52,935 Pensions paid 6,253,022 Death benefits paid 83,037 Refunds of annuity savings 830,421 other: Group insurance premiums 424,855 Workmen's compensation 186,555 Miscellaneous 26,424 637 834 TOTAL CASH DISBURSEMENTS 311,730,092 BALANCE, December 31, 1974 .$____ 161,765 See notes to financial statements. -6- �S}2m floAe8 1 floca 4nr trly. =wit am, VQ1.3 cY-S } Pm% tyewr VeKs',o ;''evgF +- etc' T_IWCCe44..z � tmele eeS Liss oN �«+e o+ INs :,e_a e.}s +a13ti1�� I oo fo i- ovchs jJ s4eS s � any IN -43c H vti�ie� 4tcrJ ea k., LL�l`i`4'.n1¥ • L a• y • i i it • I 90 \11::tiiT C1T'i CODE'. t to n r. :lY deem more :11� commission i , v:itit ;u one or t r.' oh I The tre: e l:-Er of t• :`' � ' capacity 121 conjunction t hereby. h advisory created or authorized serve. T e rr.em In :: departments tli5 ;i,,ns shall of the dear` ,.I time a majority ers of all such boards berenie m• :at a. co:llllcr.,a•ian, and may �'�cl vote of tlit'_ commission. S9. Pension funds:' shall establish a ftllttt or Sec. of said city _ :l. in the classified �o pension bequests o• (,i) The relief or ne. devises, the „ flt2:cl, for 2 2r..1 • receive gifts, such arc); of funds; � c said city;t for r the l)etle`lt of tc , U or such terms SC1� 1Ce of i to tr buti.� a0 moneys thereto and n:tn�� .1 of public :11112 m.1re role. `:Llic� contributions t' ons : > it may see fit; and c t1 1. 1 a2 =1't= ` a conditions t -r',:11 investment 7 and c 01 t t11� ni.1`1 1.,� C1:., t r %r`i�3% �'n , regulations f0 �ry.`:%r to ;ta I1 of such talld oromission shall have i� .ln :cl:;,i1C)t,::tcon- tractsl t i0 city c ::"i • nsu ncE co hll' S , on o1 (b) The y i •_ n1�. insurance with all t . insuring. 2t= 1....t group (f r s 221.: in this. :hate. li or Its Clt'.3 of nl• t to transact C business se+ under , a poll insuranceior e of classes May con- tract ;I11� class life or or and r,ce covering h. el i .es of insurance rtt,May ::r- In insurance 11C. Ili w h n10re company r ;ing ::t nuities ae f ter r.anpen- sioning- a + iie to an within the zt: _ � the e t.r:1t-� � � C2.'.1.:.'.C� business i.,: or classes a11i1101'17.e11 s employees „Cj or I � may appropriate� lC-3 t anti all such purposes pay premiums arc contracts. of such and out of for any sar_or nLt r :Lnr money necessary such policies co its incident treasury to 11e carrying- on ni 1tlCidti=t` s 2�''_'i.) f 10.' i ; ,I1, .l paragraph. (C. 1eOOS, act r•-Th :2n:�•ntii::crt o . ~ „ ,� .�mrniin/u�nt. y r�if set o of L 1, 17,0gv as set out above. lc.� ees. Compensation of officers and employees. mp compensation Sec. 90. Corthcn�. shall fix by ordinance the c The commission .;; to levy a`I` i' i •i ;a.horizirg. city 2 nit _For Special kct l;, C. 3•it;�G 4 ,pix �. Special \�t S acts i-. ;un:h, see p• t -),iota oru' �.;ce a� i��' t):iilar� for P` cit} p,n,ion tta C1:a2•tt:r). ., v;,lid si City Of 1y,,ar.Lr of this case huldir.� -lit}, sere Voorhees Annotation. —For of ilIto� various CU2a<< aior.s Fl it 402, 1OiJ So.::13. C t: F:TEII of the city- r ana err heads or, departments., + .st the city clerk. TheCtty" manager shall y:lu rd salaries or compensation of ark other ploYees_ The salaries or compensations so fixed s :or lire service ineach grade of the service i:- Snacked or classified by the city- rn r age with the rules and re;utatiorts adopted by toard Alt fees and: money- received or Batt. srd employee . shalt be paid into the city- trea.s. Sec. 9L Oath of office. Every officer of the city shall, before en duties of his otiice take and =ubscr be to an tion, to be tiled and kept in the office of the lie will support.. protect and defend the Cons - of the 'United States and of the State oe. Alt raspects faithfully discharge the duties of his Ecc. 91(a):. Clerri may administer oaths. The city clerk. of the City of Miami, FroriP power and is hereby authorized to adrrain 2. -1t0,Speciat Acts of t945-. EfYect of Amendment. --This section trams adde& FN3,as irdicated above. 9?. Contracts- No contract for furnishing' supplies e::tept as otherwise provided in this Charm e 'fora period of more than one (I) year. Set 9 .: Suits against the city, 'No suit shall be maintained against. the C. Editor's- note This section is now sx:bstant a tmvis.cns• of FIoridu Statutes. section. Lt✓ _1. annotation.—'rTiis section applies onEy eo• tort anti ter,: on contract,, whether- expressed or intplied! City !it So. 2d 51;;.. This, section is. limited to- dama^`eS arising onr 119 tea F WWD: J BUDGET Operadinag Costs Payroll 11�1ox� ciyroil Total Operating PRIOR YEARS EXPENDITURES ACTUAL ACTUAL t 972 - 73 1973 - 74 947,433 947,433 $ -0- 1,105,005 $1,105,005 CITY OF MIAMI SOCIAL SEQJRITY CURRENT BUDGET 1974 - 75 ADOPTED 1974 - 75 $ -0- 1,309,950 $1,309,950 REVISED 1974-75 $ -0- 1,309,950 $1,309,950 Positions Full Time red Time "Personnel a+c re arried under the Finance Department budget. ECOMMENDED BUDGET 19 7 5 - 7 b This budget reflects the City's matching share for Social Security payroll deductions. U"ions of the Social Security Act, the level of incd over ome past 5 which h years. l Security provisions n Se�cur*ty deductions are O�e foz �S,ht-ch Socyal Security deductions «ere taken �•as 1974, t'1"ie a3naunt of inc latest sed wage from '$12,600 to $13,200. In 1975, it was increased nd o increments. latest step in the current series the f ps requiredtoimatch dollir-for-dollar all each of these increments, City pa`l mill deductions which is the reason for the steady rise in the City's cost of Social Security over the past few years. The increase of th e 1975-76 budget estimate over 1974-15 is due to increased salary schedules and the programmed Social Security deduction s. CODE: 219•03 BUDGET ESTIMATE 1975-76 DEPARTMENTRECOMMENDED REQUEST BY MANAGER $ -0- 1,550,000 $1, 550, 000 $ -0- 1,550,000 $1,550,000 -141- ADOPTED M3: BUDGET gill Operating Cosis Payroll 'ion -Para Total Operating Positions F*JL4 Time Pert Time PRIOR YEARS EXPENDITURES ACTUAL ACTUAL 1'972 73 1973 - 74 i3- L A56574 $1,056,574 $ -�D- 1,fi85.6 56 $1, 085, 656 CITY OF MIAMI G1 JP INSURANCE CURRENT 1974 ADOPTED 1974 - 75 $ -0- 1372,649 $1,372,649 BUDGET 75 REVISED 1974-75 -0- 1,372,649 $1,372,649 CODE: 219.03 BUDGET ESTIMATE 1975 -76 DEPARTMENT REQUEST $ -0- 1,456,000 RECOMMENDED BY MANAGER $ -0- 1,456,000 $1,456,000 $1,456,000 RECOMMENDED BUDGET 1C 75 - 76 0 The Employee Insurance Committee developed a revised health and life insurance plan in 1974-75. Bids for the proposed planwere oethc aside-i ra hbngd y the benefeCiinCommission and a new insurance plan was adopted. Some the following: wing: An increase in the amount of life insurance for active employees from $10, 000 to $15,000. Accidental death and dismemberment coverage was increased by $5, 000 to $15,1100„ Weekly accident and sickness insurance was discontinued. floeP ital room and board up to S60 per day for 60 days in one period of confine- rent- _143- ADOPTED tvi/ itsittm.wrict- !itmonANtum 41411117112311150^. fa: ',71k 1"t11.1 L4' ii.:o7CIA As 11'4/,-Ji Att.11,,nA'# Dulxolit; 0:::7 Law Dot: 17, 15)7q SUbJtCtt titt-thtt4tts: tNICLOStAt; 14tt14. ttpl.tytt,11 litirwritt 8tp1ttrA noatdis ntaponOibilitioa • Whe Attitt.t.eat Cyttem tho rtclutrql tlint t '!rrj to y'.u. • attenti,Jn. .11! Olt! of Mi4Mi •*!-Iio • ':1!= City 1;v:ic!.21.--cAt, -.-!"*:4atint.qtl•pillgatd ehroiltjL 41.16tint Soc'dor .11-105. (14) 1tedtatt?1y -10141 :1LL h.7:=de c=peasaticnt exl-vzitsoLo OA; vv.i Le shall Lecurit4Lati aad Jlilo and a 111,! L;11.,11 rcc.oNg.z.:.d i!cr t.vch and .zoch zaLl-x-1 at.: 3ut4u1.4:1--cti'...h (15) of this section. The t?Tles c,n1 ar .i. thrz_vz:.fts.r, uott.tary thal7 • va"outien based on sudh tables and ratas, of thc assets anal liabilitiez of the funJs crn,,t,n! by thir; Oivisiop. of thio Whit 0,C] (15) 2%t earl V5Nrc-yenr periov, 1:c.Ftlf7 -cq:ay on c-..tuarJal 1.1,1 ii rt..210 thto sorvico and com- pensation eNTrienec of the members aad bow- ficiaries Qf the rritireallenL ayst,am and, i:oLinD into account thu result ,f zuch investigation, p$ fit. Andrews, City Manager the pearit shall adopt for the retirement aim* tem such mortality, service and other tables as shall be deemed necessary and certify the rate of contribution payable under the pro* isions 6f this division. (Hmphasis added) (16) On the basis of such tables, the actuary shall make annually an actuarial valuation of the assets and liabilities of the funds of the retirement system So _ion®1 l-40AJ (2) Pension Accumulation Account Regular Contributions by City (c) The regular annual contribution by the city shall be determined an- nually by actuarial valuations and on the basis of regular interest, mortality and such other tables and assumptions as are adopted by the board. (d) The regular annual contribution shall consist of the total of the following: 1. The normal contribution pro- duced by the entry age normal cost method; and 2. The accrued liability contribu- tion produced by the entry age normal cost method, which further shall be determined as the annual payment required to amortize the ac- crued liability over a twenty-year period, such period to commence October 1, 1965. (a) In the event benefits payable are increased, the accrued liability attributable to such increase, if -- Page 2of4 - IU rews, City Mahager (6) any, ahal1 be determined as the annual payment required to am rti.te ouch aceruetl liability over a 'twenty- year period commencing either with the £iaca1 year following the adop- tint of ouch 1ncreaoed bene'Eiis or such other date as the board may direct. (f) The total amount payable by the city .n each year on accCuttit of neuters and beneficiaries shall be not less that the sum of the accrued lia- bility contribution plug the normal contribution, based on earnings of all members during the preceding year. • ApprOpriatiors (a) dune 17, 1 75 On or before May 15 of each year, the board shall file with the city manager its certification of the amount of the appropriation neces- sary to pay the normal and accrued liability contributions to the trustee, which aro creditable to the Pension Accumulation Account for the year, the amount of any pensions payable on account of policemen or firemen under the provisions of section 41-409, and the amount of appropriation required to cover the expenses ne- cessary in connection with the administration and operation of the retirement system. From the appro- priation so determined shall be subtracted the annual amount of the special contributions for police- men and firemen who are members of the retirement system, as provided in section 41-409, and the amounts - Page 3 of 4 - P. 11. Andrews, t .' y Manager auna 17, 1 S payable by the bade County Metro- politan Coverntttent as provided in paragraph (G) (c) of thin 'nation, and the balance shall be included in the appropriation ordinance. It is believed by t:hc board that thin procedure it not currently being followed and that independent action without advice from the board is being taken. /he board requests that they be furniehed With all necessary information in order to fulfill their reep +n- sibil tied. I have enclosed for your convenience a legal opinion, rendered by the city attorney on June 6, 1974, with regard to the certification of contribution returns by the retirement board. IUtS/ca cc: Commissioner J. L. Plummer, Chairperson of retirement System Board cpatain Edward Jaramko, rise Department 1. A. 'etsait- Seittbtary tb Retirement 8Oard Cohn SL LlOvd City AttOrney aufttl 6, 1974 8mplOyaag* Atiret'At COntributiOnt Aefernee ig made tO tour memorandum datad aune 4, 1974, poling the following quastint bOS Tn nTTAP.M2NT 80Alkt, OP Tnn IT? OP MIAMI VA111.1 TV2 ''Crn TO tnTnnm/ns C=T*AT8UTIOM RAT88 TO '8E 'PA= ny Tmz CITY AD ITS 8MPLOY=S? The answer to the abova question is in the negative. The pertinent provisions of Chapter 41 of the ordinances of the City of Miami are set forth as follows: "Immediately after the establishment of the retirement system tha actuary shall make such investigation of the mortality, service and compensation e.xpericnce of the members as he shall recommend and the board shall author- ize, and on the basis of such investigation he shall recommend for adoption by the board such tables and such rates as are required in subsection (15) of this section. The board shall adopt tables andpertify rates, and as soon as practicable thereafter, the actuary shall make a valuation based or' such tables and rates, of the assets and liabilities of the funds created by this division of this chapter." Section 41-405 (14) and Section 41-430 (14). "At leasonce in each five-year period the board nhall cause an actuarial investigation to ba made into the mertalitv, service and compensation experience of the m-mbers and bT.neficiarieo of the retirement system and, takins imtn account L112 result of ouch inventigation, th71 board shall adopt for the -c2,1tiroment systom such :la*evic and othar tablno as shall he deemee1 ne-,:essary and certiEy the rates of contribution payable un6er the 'arovinions of this division." sectien 41-405 (5) and Section 41-430 (15). HCO116 S Illoyd V6/74 6The board shall certitY tt the proper authority tif Officer responsible for makinq up the payroll, arid • the. proper authority Of officer bttsib1 tot making up • the. .payroll• shal1. cause to be deducted froth the .tompenta-••• Lion of eaCh such member•in Gttip 1 2 3 nd:4. each • • • • month, or shorter periods as the bard may approve,the proper proportion of tarnablecompentation of each such member.... In determinit;-the amount..eartable by a Member ir each such period, the board may consider the rate of annual cOmpentation oevable to such thmtioet on the first day. of each period as Continuinq throughout'suth period, •••. • and it May omit deduction frot compensation •for any period. less than 4 full period and, to facilitate the .making p2 .• 4eductions, it may Modify the .deduction required of any •• member. by such an amountas shall not exceed One -tenth of one percent of the annual earnable Compensation upon the basis bf.which such deduction is to be made." Sections.' 41-403. (b).and 41-432 (b). . • It is clear from the above that the Retirement Board was given the apparent authority to modify employee contribution rates up to a maximum of one -tenth of one percent of annual earnable com- pensation. However, the extent of the authority given is neces- sarily confined to that of making recommendations, since the City Commis4ion could not delegate discretionary making powers to the Retirement Board. As stated in cQuillen, Municipal Corporations, Section 10.40, the City Commission may not delegate legislative or judicial functions as distinguished from ministerial functions: "The rule is well settled that legislative power cannot be delegated by a municipality, unless expressly author- ized by the statute conferring the power. So judicial, as distinguished from ministerial, functions cannot ba delegated. So far as the powers of a municipal corpora - arc legiclstivc thzv r-ct in 1--h- discretion end ju-lg ment of the municipal body intrusted with them, and the ganeral rule is that that body cannot delegate or refer the exercise of such powers to the judgment of a committee of the council, or to an administrative board or officer r a • r ,, t4tbMt 4611n S tih `d 6/014 01 the City. If the iegi slatbte cot fefa poi et t rt a t: unitipa l Corporation, the exerdise of dittrotiott by the tleverriing body of the Municioality Cannot be delea. gated tO a illy. 'i1idipal 'offices Ot tither petabtt or body. # `tr It deLerMininq what fungi ions ara legislative, judiCia l oL ministerial, M Qui en ads ptS the f011OWing d= fiti sio lst ... A purely rmir►itteria1 duty' 1 one. a3 to which nothing it left tb c istretion. Official action is legislative or judicial where it is the result Of judgment or discretion, and is ministerial then it ig absolute, certain, and imperative, involving merely the execution tion of a set task, and when the law which it:.poses it prescribes and defines the time, tanner, and occasion of the performance with such certainty that nothing remains for judgment or discretion..." _„e pertinent ordinances grant the netirerr.ent ° Board the ap ,arent nuthoritt to determine the amount of employee con- tributions. However, such determination is a legislative function which cannot be delegated. Therefore, the Retire- ,r nt 3oayd's power under the applicable ordinances cited above, is limited to that of making recommendations. Furthermore, under Section 90 of the City of Miami Charter, the Cit-i Manager is given the exclusive power to determine the corinensation of all officers and employees, with certain enumerated Led exceptions as indicated below: "The commission shall fix by ordinance the compensation of the city manager, heads of departments, municipal judges and the city clerk. The city manager shall fix the number and salaries or compensation of all other officers and employees." .. _ is equally true that the Retirement Board does not have th? %iutnorit-v to l-4—.r ina the City's contributions to the pen ion Prom! aoht 8. Lloyd 006/74 hile a pension board may be author± td to. oortyPYI in an advi b y capacity, the amount to be levied, it :seems that the legislature may hot invest 156h 1On board '.with authority to detertt►ine the. mount that governing bodies o olassiEled cities should levy in support of a pension Jib i'1cQu111e1'7) =•funio .pal Cor b ira t t5i°ia, �eo� Lion 12.1.45. Thus, the province of determining the City' o c ntiibutions rests solely with the City Commission. L:RAstgg PREPARED AND APPROVED BY Ronald A. Silver Assistant City Attorney s• Ir{.it -tr'(Y +:1Ali,e0q ' eol'gc Ling ruuse()'Conrlor itl:t1 Lint. Inc. titi., vey,riC t11'National l ' Il:: Building 1'bt't Lauc axda1e• ) 1oritla i3 0�r Dear her. Ling: 111 rtr,ervAration of tll,'. 1 ;17r)-76 fit;rill hu(lt,c't:, it: 11%lf; 1.1C:CClltlt' illc3'fi:!:i7T1gly° cleat` tiu't nut City of Miami. is tr..4porirmcting thr. sp.too conili.f_it,:1n far.r.. lty /1:oa t large enact; in t1le 'United ..Zt.at.i'rt, in that cur rent: ccoilorni e Good jtlon ;, 'i1.r11o:1t1 t)tll :l` tlLillh:i. are Caltf;itt fl a f.11;lll f1C:111 t: reduction 111 T(:it(* 1 lert it\••ai .ablc, to eaC:11 1Il)litiC)l)a lity. Thasr: (1(`C:l•(`.ft 4•4 1 1.(tC•Clll1(ul t.og7thcr \/jt11 C:t(:it1il1C(1 CA':;tf; C)i C•U11110')!llti%_..:, E;tti)i111('t; i'.Il:i f;Cl•t'1CCE; req'ni'c'(1 for,cffic:i,..:r.t o;n'ration (,f tllc: City, 1)riuf; t;r(!rlt. t-o0:;t.ri1rots on tll.' (..il 1:1 financial. ability to f.il anc Ito opct2'ni.tutlfl foe t.11(! Corning f1f;Ci!l year. I fully rortlimt that: you aro rt:(jt.ri.r.C(1 to slll))1)il an rn111t )3 'Valuation ltcitorc tlt cacll Board of the 1.(tti..lre1)1t:i1t ly'i;tcin and }le11i'('tlnerl1 1/.i:111; noWC::rel', ilr.; C,l.y rrl.'11i.tt01. of Cite Cali•y C)t J.'ll;lll'll., 1 ilili!itrt11i1i(tf;S upon you. our effort:: to C::1laurjt every- pci ; )1)l.('. 1ni:i)Il(; of potentially reducing cu(ito tt7 trir.l'!t each of tll:: (.,,.ty►t: C11tligat.?on3 duo to the e tcciti. ly 3ir(!UUo(l (;(tu1•Cr;f; O1 re Nr en in s ilvaila})1i.t to thd: City. 44 1,11 kJ 1. 6J.1t k t , .l.l t� 1 t; l.11 La t.t : t .ts i • f ' =.L.l !... kot '1ivi :++lic')i Hi 1 {).b 1�5{,r�51�PA, • :Cyr thlf: .1 :lt;on a (; ♦ (1'.l aro :It: till: )rtt rtrit:t , . \"rt 'c � l c:. of llrr.l):l •ilti, iht: •:t :lu;ll. Valuation i.an V.c-)ori for 11tc: R:`tivr!!n,:n1.1• iiyr;tc;i ;Intl 1Ctivt'rnr`1ii. f)l;'11 of Inc! City, it it, rC(jUC:;te•tl that you i't'VIC:C/ all po:;r;i1110, re;'f;C)rtall1C: ;11tC1 1(,•g'1 1rtr.'1,110(1;; vihich you can 1•t•eo111111end for eunt;j/lr•':alwwtl ;lt; 1tr.-ring ; c4 ptitl)1('. al( .!r 1aliVC!:: from i!Il ac tt1:1•lit1 rit.(til1;>o ;:t. for 1)(,t;:; 1)1:! rtAtic•t.i(ln of titr! :•utliltr 0(1 1,:•'lt';jOil con- tribution of the City for Ow 1975••76 fit;c;.il y(tar. It. it; fully un;ioVntoo-1 teat such rCC01 tnanil stir:n ; Will only 1)u inclu(ic:c1 in your annual I O ort: to each of, tho i-'CIloioil 'Board:), 4.00 sa c if 137 t +'ii4 , .t4ig I. rot.ti.t:nite tllLtt ytittf' i)1`1tlia.t` t C3flC°C'.1')l it1ltl 1't` j�C wt.ili) llt:'� into;tt111 �1 y I. City- with +11 t:ttt+lt )1.y vec it;t1.110 intling iliati; lit tiot, you he t'.11r12'Ci t111t the tiity facc!tl tric)5i: tl) i�l csttl'f i 1:i1�i4 liat'ii".tl innft,t'f'17tt(:it,ti air;ailaljlc iL thi5 tint t?) lE t:11G . l ii� '�fv lir:ilrl.t7 to tli g cc)nt:r,ibti1:ib11 G :C: t:c1t a rt!11< c; of $f , 100) 000 to $8, L501 O0O • r� 1.Polt ` 3ei10t1$ t'tinsitiir,:iati!'r of the forc'.go11`►g ifl C111T1:Li:iort a'� Ft'Cl}1�>ltitlr S c�J C,,I .kia `V :/iitclr n City Mailz g'v.l.' t.C: liC'1)'tri:1(S1)t }�1�tn }.i0itt,'tl C11;1i1'Titt?)) 1' Ct.iren— Ct)t %; f?4it!1Y1 }30! 1 (1 C11:1i2'111{i)) tt . tjr.; }3�clf;cut: APPENDIX II City Etta loyeiy's P+ensyonS. LAWS Olo. P Ltoit11JA 19411 7CttAPTtit' 24696 Sec, a, Authority to create ftinciq receipt or gifts, ete,; ton. itibttlinri of public funds; miles and regtilatinns for manage -theta of 'runt]; taxation for benefit of ftititi,t The commission of the City of Miami, a municipal corpora. lion oigtttiizecl and existing under the laws of the State of ilurid., ::hall establish a ftirid or funds for the relief of pen. .Sion of persons rsons in the classified and unclassified service of said city; may receive gifts, devises and bequests of money or property for the benefit of such fund or funds; may iiiake contributions or public moneys thereto on such terms and con. ditions as it: tnay see fit; and shall make rules and regulations. for the management, t, 'investment and administration of such fund or funds, and shall have the right to raise by taxation such amount as rn:ty be necessary fnr such purpose, not to ex- ceed four mills on the dollar of the :assessed value of all prop- erty in said city, both real and personal. 3. Editor's flute.--Tlti; sertit n, tracter1 by Sio.ri:tl Acts 1i.17, C. V.I696, is an amendment, to section 1 of Special .Acts 1t137, C.18698. 4' 20 fl ? 17" • ,t. r,�,f• r. • ,;. r! .•f• • s•t•r n•cir$2,09. •• "•• �tr. „.,+„t lfti•tT�1,.t:.. `S^i!R tiwr7iM:TM�YA• • NI .r., a tier.'.