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11/6/74
ORDINANCE NO.
AN EMERGENCY ORDINANCE REPEALING ORDINANCE NO. 8318;
PROVIDING FOR AN ADJUSTMENT IN THE PENSIONS OF AI,L
BENEFICIARIES OF THE MIAMI CITY EMPLOYEES' RETIRE-
MENT SYSTEM AND THE MIAMI CITY GENERAL EMPLOYEES'
RETIREMENT PLAN EFFECTIVE AS OF OCTOBER 1, 1974;
PROVIDING AS..OF SUCH DATE THAT EACH BENEFICIARY'S
PENSION BENEFIT SHALL BE INCREASED BY AN AGGREGATE
AMOUNT DETERMINED BY INCREASING THE PENSION BENEFIT
BY ONE PERCENT (1%) OF THE ORIGINAL BENEFIT FOR EACH
YEAR SINCE THE RESPECTIVE DATE OF RETIREMENT FOR
EACH BENEFICIARY; PROVIDING THAT THE AMOUNT OF EACH
SUCH INCREASE SHALL BE ADDED TO THE PRESENT PENSION
BENEFIT AND THE RESULTING AMOUNT SHALL HENCEFORTH BE
PAYABLE ON A MONTHLY BASIS; FURTHER PROVIDING THAT
FOR PURPOSES OF APPLYING THE PROVISIONS OF ORDINANCE
NO. 7798, ADOPTED SEPTEMBER 25, 1969, PERTAINING TO
VARIABLE UNITS OF RETIREMENT INCOME, THE ADJUSTED
PENSION AS HEREINABOVE DETERMINED SHALL BE USED AS A
BASE MONTHLY RETIREMENT ALLOWANCE FOR THE COMPUTATION
OF BENEFIT CHANGES, IF ANY, WHICH ARISE BY REASON OF
CHANGE IN THE VALUE OF VARIABLE UNITS; REPEALING ALL
ORDINANCES, CODE SECTIONS, OR PARTS THEREOF IN CON-
FLICT INSOFAR AS THEY ARE IN CONFLICT; CONTAINING A
SEVERABILITY PROVISION.
WHEREAS, the maintenance of a loyal force of city
employees is essential to the order and well being of the citizens
of this municipality; and
WHEREAS, the City Commission has constantly expressed
its concern for city employees and the problems faced by these
employees; and
WHEREAS, it is only through genuine and continuing
consideration for the city employee before and after his or her
retirement that the city is able to achieve a high retention level
of city employees on its work force; and
WHEREAS, the sums received by beneficiaries of the
Miami City Employees' Retirement System and of the Miami City
General Employees' Retirement Plan have previously been adjusted
for the purpose of recognizing a steady and sizeable cost of
living increase that has taken place since the date said
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beneficiaries became a beneficiary; and
WHEREAS, the suss presently being paid to beneficiaries,
because of the increase that has taken place in the cost of luting
since the last previous adjustment in pension benefits, are
totally inadequate to provide the compensation earned by the
retired employees; and
WHEREAS, this continuing concern was expressed in
Resolution No. 73-491, passed and adopted by the City Commission
on June 28, 1973, whereby provisions were made for including an
amount sufficient for the increase herein provided in the budget
for fiscal year 1973-74;
NOW, THEREFORE, BE IT ORDAINED BY THE COMMISSION OF THE
CITY OF MIAMI, FLORIDA:
Section 1. Effective as of October 1, 1974, the
pensions of all beneficiaries of the Miami City Employees' Retirement
System and of the Miami City General Employees' Retirement Plan
shall be adjusted bo proVide that? ale bfasuch diteuehcfla .benefitiarphs
pensionibe;afipeshidli benitCteabedlblrwannaggnegdtbyamount determined
by increasing the pension benefit by one percent (196) of the
original benefit for each year since the respective date of retirement
for each beneficiary. The amount of each such increase shall be
added to the present pension benefit, and the resulting amount shall
henceforth be payable on a monthly basis.
Section 2. For purposes of applying the ordinance
provision of Ordinance No. 7798, adopted September 25, 1969,
pertaining to variable units of retirement income, the adjusted
pension benefit as hereinabove determined shall be used as the base
monthly retirement allowance for the computation of benefit changes,
if any, which arise by reason of change in the value of variable units.
"SUPPORTIVE
DOCUMENTS
FOLLOW"
2.
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Section 3. Ordinandelts *ftlli.gtid IL1le'ihein laWliftitietbarts
Vgrailffl h}nbOoniaittehe Litho ber®bgi tho a igaobarebt ibp a1 it
ins044tleetthey are in conflict.
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
invalidity shall not affect the remaining portions of this Ordinance,
and it shall be construed to have been the intent of the Commission
of the City of Miami to pass this Ordinance without such unconsti-
t..
tutional, invalid, or inoperative part therein; and the remainder
of this Ordinance after the exclusion of such part or parts shall
be deemed and held to be valid as if such parts had not been,
included therein.
Section 5. That the requirement of reading this
Ordinance on two separate days is hereby dispensed with by a vote
of not less than four -fifths of the Members of the Commission.
PASSED AND ADOPTED this day of
1974.
ATTEST:
MAYOR
CITY CLERK
PREPARED AND :PROVED BY:
-1)r/-4-
1 S
MIKELE S. CARTER
Assistant City Attorney
APPROVED AS TO FORM AND CORRECTNESS:
Jom S. LLOYD
City Attorney
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FOLLOWS,