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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #18842 Date: 02/11/2026 Commission Meeting Date: 05/14/2026 Type: Ordinance Subject: Amend Code - Chapter 40 - FIPO Pension Requesting Department: City Manager's Office Sponsored By: Christine King District Impacted: PURPOSE OF ITEM: An ordinance of the Miami City Commission Amending Chapter 40/Article IV/Division 2 of the Code of the City of Miami, Florida, as amended, entitled "Personnel/Pension/and Retirement Plan/City of Miami Firefighters' and Police Officers' Retirement Trust," containing a severability clause; and providing for an immediate effective date. BACKGROUND INFORMATION: An ordinance of the City of Miami amending Chapter 40, Pursuant to resolution number 24-0225, adopted June 18, 2024, amending Chapter 40/Article IV/Division 2 of the code of the City of Miami Florida, as amended titled "Personnel/Pension and Retirement Plan/City of Miami Firefighters' and Police Officers' Retirement Trust," more particularly amending Section 40-203 to grant International Association of Firefighters Members vested on September 26, 2015, the benefits in effect on September 30, 2010, And permitting firefighter members Eligible for retirement to elect up to seven years in the Forward Deferred Retirement Option Program Based on the International Association of Firefighters Local 587 Collective Bargaining Agreement for October 1, 2023, through September 30, 2026; containing a severability clause and providing for immediate effective date. Budget Impact Analysis Item is NOT Related to Revenue Item is an Expenditure Item is NOT funded by Bonds Total Fiscal Impact: General Account No: 512000 City Commission Office of Management and Budget Office of Management and Budget City Manager's Office Legislative Division Office of the City Attorney City Commission Reviewed B Nicole Ewan Aniska Elliott Marie Gouin Natasha Colebrook -Williams Valentin J Alvarez George K. Wysong III Todd B. Hannon Meeting Completed Budget Analyst Review Completed Budget Review Completed Approved on behalf of the City Manager Legislative Division Review Completed Approved Form and Correctness Completed Meeting Completed 03/12/2026 9:00 AM 03/17/2026 1:59 PM 03/20/2026 1:43 PM Completed 03/24/2026 9:24 AM 03/24/2026 12:53 PM 04/09/2026 9:00 AM City of Miami File ID: 18842 (Revision:) Printed On: 5/29/2026 City Commission Maricarmen Lopez Meeting Completed 05/14/2026 9:00 AM Office of the Mayor Mayor's Office Signed by the Mayor Completed 05/15/2026 2:38 PM Office of the City Clerk City Clerk's Office Signed and Attested by the City Clerk Completed 05/15/2026 2:49 PM Office of the City Clerk City Clerk's Office Rendered Completed 05/15/2026 2:49 PM City of Miami File ID: 18842 (Revision:) Printed On: 5/29/2026 City of Miami Legislation Ordinance Enactment Number:14459 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 18842 Final Action Date: 5/14/2026 AN ORDINANCE OF THE MIAMI CITY COMMISSION, PURSUANT TO RESOLUTION NO. R-24-0225, ADOPTED JUNE 18, 2024, AMENDING CHAPTER 40/ARTICLE IV/DIVISION 2 OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, TITLED "PERSONNEL/PENSION AND RETIREMENT PLAN/CITY OF MIAMI FIREFIGHTERS' AND POLICE OFFICERS' RETIREMENT TRUST," MORE PARTICULARLY AMENDING SECTION 40-203 TO GRANT INTERNATIONAL ASSOCIATION OF FIREFIGHTERS MEMBERS VESTED ON SEPTEMBER 26, 2015, THE BENEFITS IN EFFECT ON SEPTEMBER 30, 2010, AND PERMITTING FIREFIGHTER MEMBERS ELIGIBLE FOR RETIREMENT TO ELECT UP TO SEVEN YEARS IN THE FORWARD DEFERRED RETIREMENT OPTION PROGRAM BASED ON THE INTERNATIONAL ASSOCIATION OF FIREFIGHTERS LOCAL 587 COLLECTIVE BARGAINING AGREEMENT FOR OCTOBER 1, 2023, THROUGH SEPTEMBER 30, 2026; CONTAINING A SEVERABILITY CLAUSE AND PROVIDING FOR IMMEDIATE EFFECTIVE DATE. WHEREAS, the City of Miami ("City") and Miami Association of Firefighters, Local 587, IAFF entered into a successor collective bargaining agreement ("CBA") for October 1, 2023, through September 30, 2026; and WHEREAS, the City Commission ratified the collective bargaining agreement on June 18, 2024, pursuant to Resolution No. R-24-0225; and WHEREAS, implementation of the pension portion of the CBA requires an amendment to Chapter 40 of the Code of the City of Miami, Florida, as amended ("City Code"), as required pursuant to Section 447.309(3), Florida Statutes; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble of this Ordinance are adopted by reference and incorporated as if fully set forth in this Section. Section 2. Chapter 40/Article IV/Division 2 of the Code of the City of Miami, Florida, as amended in the following particulars:1 "CHAPTER 40 PERSONNEL 1 Words and/or figures stricken through shall be deleted. Underscored words and/or figures shall be added. The remaining provisions are now in effect and remain unchanged. Asterisks indicate omitted and unchanged material. City of Miami File ID: 18842 (Revision:) Printed On: 5/29/2026 ARTICLE IV. PENSION AND RETIREMENT PLAN DIVISION 2. CITY OF MIAMI FIREFIGHTERS' AND POLICE OFFICERS' RETIREMENT TRUST Section 40-203. Benefits. (c) Limitation on benefits. (3) Members who as of September 26, 2010 had not attained ten or more years of creditable service and members hired on or after October 1, 2010 shall have a maximum retirement benefit which shall not exceed the lesser of $120,000.00 or 100 percent of final average compensation. Members who retired prior to September 26, 2010 shall have no limitation on benefits accrued. Effective September 30, 2026, firefighter members who were vested in their benefits on or before September 26, 2015, shall have the pension benefits, in accordance with the provisions of this Plan in effect on September 26, 2010. (q) Modified deferred retirement option program. Effective upon approval by the city commission of the F.O.P. and I.A.F.F. labor agreements for October 1, 1998, through September 30, 2001, the DROP of the retirement system shall consist of a Forward DROP and a BACDROP. Any member who has reached age 50 with ten years of creditable service, or who has attained a combination of age plus years of creditable service equal to either 64 or 68 as applicable, shall be eligible to participate in the DROP. (2)Maximum participation. Effective September 30, 2026 upon the ratification of the aunt orandum of I Indetanding „f ul„ 11 2V08 amencrrng Article 43 of the 2007 2010 collective bargaining agreement with the IAFF, the maximum participation in the Forward DROP for firefighters shall be 84 54 full months. Effective upon the ratification of the Memorandum of Understanding of May 8, 2008 amending Article 39 of the 2007-2010 collective bargaining agreement with the FOP, the maximum participation in the Forward DROP for police officers who elect Forward DROP or are currently in Forward DROP shall be 84 full months. Once the maximum participation has been achieved, the participant must terminate employment. A member electing the forward DROP may not also elect the BACKDROP in subparagraph (q)(14) of this section. *„ Section 3. If any section, part of a section, paragraph, clause, phrase, or word of this Ordinance is declared invalid, the remaining provisions of this Ordinance shall not be affected. City of Miami File ID: 18842 (Revision:) Printed On: 5/29/2026 Section 4. This Ordinance shall become effective immediately upon its adoption and signature of the Mayor.2 APPROVED AS TO FORM AND CORRECTNESS: 2 This Ordinance shall become effective as specified herein unless vetoed by the Mayor within ten (10) days from the date it was passed and adopted. If the Mayor vetoes this Ordinance, it shall become effective immediately upon override of the veto by the City Commission or upon the effective date stated herein. whichever is later. City of Miami File ID: 18842 (Revision:) Printed On: 5/29/2026