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Home My WebLink AboutO-08039ORDINANCE NO. 803 AN 'ORDINANCE • PROVIDING 'PM AN ADJUSTMENT •NP 'ECTI` E AS or JAI UAR , , 1972 IN' •TME EISONS bF ALL BEE`CARIES, OF ' THE MIAMI C/TY'EMPLOYEESRETIREMENT SYSTEM AND OF THE MIANII CITY GENERAL • EMPLOYEES r PETIRE_ • MENT • PLAN SO THAT AS RESPECTS• •EACH • BENEFICI� ARY AS OF SUCH DATE, • THE PENSION-BENEFIT -SHALL'BE,INCREASED BY J AGGREGATE AMOUNT _-. - DETERMINED BY INCREASING THE 'pENSIOT. BENEFIT BY TWO EERCENT (2%) • 0? ME ORIGINAL BENEFIT - FOR EACH YEAR SINCE THE RESPECTIVE. DATE OF, RETIREMENT FOR EACH BENEFICIARY: AND BY PROVIDING 1 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; AND BY FURTHER PROVIDING THAT' FOR PURPOSES OF APPLYING.' THE ORDINANCE 'PROVISION OF ORDINANCE NO. 7798, ADOPTED SEPTEMBER'25, 1969, PERTAINING TO VARIABLE UNITS OF RETIRE- MENT INCOME, THE ADJUSTED PENS ION -BENEFIT AS HEREINABOVE DETERMINED SHALL. BE ,USED AS BASE MONTHLY RETIREMENT ALLOWANCE FOR THE COMPUTA- TION OF BENEFIT • CHANGES, IF ANYS WHICH ARISE BY REASON OF CHANGE • IN•THE .VALUE OF:VARIABLE -UNITS;'AND CONTAINING A SEVERABILITY PROVISION 'DISPENSING WITH'•TH'E.REQUIREMENT OF 'READING: THIS ORDINANCE ON TWO'• SEPARATE DAYS:: BY E A VOTE OF. NOT LESS.THAN- FOUR -FIFTHS •OF THE MEMBERS OF- .THE' COM- MISSION WHERRA§, the maintenafoe at a layal farce 6f city employees is essential to Lhe order and well being at the: cititehs of this Municipality; And WRRAS, the City Commission has constantly expressed its concern for city employees and the problems faced by these employees; and AREAS, it, is only through genaine and continuing consideration for the city employee before and after his or her retirement that the city is able to achieve a high reten- tion 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 only once been adjusted for the purpose of recognizing a steady and sizeable cost of living increase that has taken place since the date said beneficiaries became a beneficiary; and WHEREAS, the sums presently being received by said beneficiaries when compared to the increase that has taken place in the cost of living since the said beneficiaries became beneficiaries (dating back to the early forties in some instances) demonstrate the woeful inadequacy of such sums; and WHEREAS,' this continuing concern was expressed in Ordinance No. 7663 passed and adopted by the City Com- mission on May 23, 1968 whereby monies were appropriated topartially meet such aforesaid inadequacy of the sume. received by these beneficiaries; and WHEREAS, the city's retirement program will be able to underwrite the cost of meeting the increased east of payments contained herein until Octsber is 1972 where- upon the city will assume the funding of the aforesaid increased benefits through the appropriation of necessary denies: and MS, the Retirement Board of the aforesaid System and aforesaid Plan has formally indicated its willing- ness to temporarily underwrite the cost of providing the increased benefits herein until October 1, 1972; NOW, THEREFORE, an IT ORDAINED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. Effective as of aanuary 1, 1972, the pensions of all beneficiaries of the Miami City Employees' Retirement System and of the Miami City General Employees' Retirement Plan shall be adjusted sothat, as respects each beneficiary as of such date, the pension benefit shall be increased by an aggregate amount determined by increasing the pension benefit by two percent (2%) of the original benefit for each year since the respective date of retire- ment for each beneficiary. The amount of each such in- crease 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 ad- justed pension benefit as h ereinabove determined shall be used as the base monthly retirement allowance for the computation of benefit changes, if any, which arise by. reasb of change in the value of var :able ' unite, ae.tton 3 if any .eeetion, Sentence, bladses phrase or word of this Ordnance is for any reason 'held or declared to be unconstitutional_, inoperative or Voids 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 Cornirnission ' of the city ' of Miatii to pass this ordnance without such' unconetitutional, invalid or inoperative part therein; and the remainder 'of this ordinance after the exolusion of suoh part or arts, - sha1. be deemed and held to be valid as if such parts had not been included therein. Section 4. 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 ON, FIRST READING BY TITLE ONLY this 17th day of ,pebruary, 1972 PASSED AND ADOPTED ON SECOND AND FINAL READING BY TITLE ONLY this 17th day of February, 1972. H.D. SOUTHERN CITY CLERK DA VID T. KENNEDY MAYOR ranT% of th9 off oeTt f; t o : t on the ,,:7 of.... .:,..:..:,.... ks . , .13 J�- a fe411, `rue aril correct copy of tr. ttll,vie ant foregoing ordi.no.n.o ran posted. at the So;:._:. P30:r of the Lade Cormt•T Court Rc le at the plc : pruvided. for notice° eud r Milt ior.o by attr chin t v ccpy to the piece prov:.4r4. thorefor. 1. Olt/ Vil E Ay hand crnd,. e c 'f eir://.` Deal ofsaw . hit, „„ 47' Qf . ♦ ;te srf.►a.f � 14 )2 , 19/�•"`. tr$W*M.A1"►.W li a4Iu.e•*rr art* e•a*••rrMNH e.•-•P..M r Q. ity Qe} in the deUrt. was published in Said newspaper hi the issues of Pebi22*.... P7............................................. Afflent further says that, the Said Miami Review and Daily Record. is a newspaper published at Miarhl, In bald Dade County, Florida, and that the Said hews• paper, has heretofore been' cohtinobUSly published in' said Dade County Florida, each. day'(extept Saturday, Sunday and Legal Holidays) and has been entered as second -last mail Matter at the post office'M Miami, in said Dade County, Florida for a period of one year next preceding the first publication of the attached copy of advertisement; and, artnant further Says that. She has neither. paid, nor promised any person, firm or- corporation any, discount, rebate, commission or refund for the purpose of securing this advertisement for publication in the said newspaper. - - Sworn to and subscribed before me this day of FlInt;Ary,,.. A.G. 19..13.. s---eIV..P.1:14... ;..t , :kYrlta Marjorie T. Smith. Notary Public, State of Florida at Large. (SEAL') ,i My Commission expires September 1, 1973, Nil, Jft NVICW Mob DAILY fl ttb /id:i+ll gaged. ihit Leo f><otti�dy i id7iliY Pad a tofttttyf 'toi'iftd, 'titAit bP 'POMBA . • UNft' BAB€: befo tf;e iiiidefeigirid eu fiattt efs8t�ai1y afA erad, Mafthe bfdbfite, whit en bath iayye that 'this; a the Oftree Manager bf the MiAMI Reinetv afid 101Y Reeord, 's! daily'Cettt$pt.Satufday+ SUf�iIda)i and Legal HolldaYS) .newspaper - bubtrshad at ,MIAMI Ifi l eliiterit, hp hint Florida: that tAdvee tise�ehtteet . Nei Ce in the ftlatter, b Adoption of OMinuOi Noe $O3 „., ,a..:ot..J0liary ,1.972 Pension* of Mid City:Employees, r e t -: . ' 'Pitt 'DP SWUM, - DAD)E'CiILNTY, PEORiDDA; LEfiAL NOTICE .o-. AR thiereated tvffl take.htl iee ' that: on the 17th • day Of Pebrut., ary, .1912 the Cotiir issioh ni . the' City -at..Miafni; 'Florida . adnirted . ah ordthattce entitled--- AiY ORDINANCE y'Ii0:5- 'OR Aft ADJUSTMENT, EFFECTIVE AS bF JANW ARY 1,.I912 TN' TEE'PEN= ;-: SIGNS OFF AL& BENEFI CIARIES big TItE SttAazt CITY - F; pLoYEES +ARE., TI8tEI4tEN'1T'"SYSTEI )Ni OF THE MUSH CITY.OEN. ERAL ,AMPLO'YEES' . RE‘ TIREMNT PLAN 60,THAT AS RESPECTS EACH GENE- FICIARY AS OF - SUCH DATE,THE ` PENSION BENEFIT SHALL'; BE' I* CREASED BY AN AGGRE= GATE• AMOUNT DETER. MINED BYINCREASING THE •PENSION : BENEFIT BY TWO PERCENT "f2(4) OF THE ORIGINAL BENE- FIT FOR EACH YEAR.' SINCE THE RESPECTIVE DATE OF RETIREMENT FOR EACH BENEFICIARY: AND BY PROVIDING THAT THE AMOUNT OF EACH SUCH INCREASE. SMALL BE' ADDED TO THE PRES- ' ENT PENSION BENEFIT, AND THE RESULTING AMOUNT SHALL HENCE- VOItTII ,BE PA'!ABLE: A.MO?'THHL% PASIS;: AND BV F'tttett-TER T+ROVTTMNtG THA`I` FENS` R SES UF' s NAAtCB PROVISION Or Olt• D3f�A2�fL' 3' NO. 7798. ADOPTEb-.SEP 'EMBER 2l;. 19C9. P,ERTAI,NING TO,. VARIABLE : t7NITS 'tiff', Ittr; `TIREMENT INColdt TEE ADSLTSTED„PENST013 $Ent- • EFIT AS ;14EItFINAROVE, DETLR\tTNE)D'" SHALL DL .0 D AS RASE: MO?' TIItY. I TTREnt A 1,'LO tiV'- ANCE FOR:TITE CO - %AF TION ,01' BE,NEa'1T° CHANGES.,IF ANY, WIitCH ARISE,,;; OF `C1tANGE : THE VALt1E OF,VARIABLE UNITS;' AND CONTAINING A'.c 'SEVER- - ABILITY -PROVISION:, DI S- -.PENSIOG . WITH THE RE= QttlREMENT.=OF` READING -THIS ORDINANCE ON TWO ;' - :SEPARATE ---DAYS BY ; • A VOTE OF NOT LER.S THAN FOUR -FIFTHS ` OF. !^ THE MEMBERS, OF. THE COiI- MISSION tihirr, 'Is 'designated Ordinance No. 8039. H. D. SOUTHERN. CITY, CLERIC CITY OF' FLORIDA Publication . of this . notice on the 22nd day 'of February. 1972. Ad. Nn. 20861. 2/16/72 ORDINANCE .t AN ORDINANCE PROVIDING FOR AN ADilUSTMENT EFFECTIVE AS OF JANUAR2Y 1, 1972 IN THE PENSIONS OF ALL BENEFICIARIES OF THE MIAMI CITY EMPLOYEES' RETIREMENT SYSTEM AND OF. THE MIAMI CITY GENERAL EMPLO` 'EES i, RETIRES MENT PLAN SO THAT. AS RESPECTS EACH 'BENEFICI- ARY AS OF SUCH DATE, THE PENSION BENEFIT SHALL. BE INCREASED BY AN AGGREGATE AMOUNT DETERMINED BY INCREASING THE; PENSION BENEFIT BY TWO PERCENT(2%) OF THE ORIGINAL BENEFIT FOR EACH, YEAR SINCE THE RESPECTIVE DATE OF RETIREMENT FOR FACH BENEFICIARY; AND BY 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; AND BY FURTHER PROVIDING THAT FOR PURPOSES OF APPLYING THE ORDINANCE PROVISION OF ORDINANCE. NO. 779,8, ADOPTED SEPTEMBER 25,, 1969, PERTAINING TO VARIABLE UNITS OF RETIRE- MENT INCOME, THE ADJUSTED PENSION BENEFIT AS_ HEREINABOVE DETERMINED SHALL BE USED AS BASE MONTHLY RETIREMENT-ALLOWANCE'FOR THE COMPUTA7. TION OF_ BENEFIT CHANGES, IF ANY, WHICH ARISE BY REASON OF CHANGE IN THE; VALUE OF VARIABLE UNITS;' AND' CONTAINING A SEVERABILITYPROVISION., if :� WHERMS, the maintenance of a loyal f 5rce of City employees is essential to the order and well being of the ditirens of this municipality: and WH2RtASi the City COMMi§tion has constantly expressed its concern for city employees and the problems faced by these employees: and WHEREAS a it is only through genuine and continuing consideration for the City enployee before and after; his or herretirement that the city is able to achieve a high reten- tion level Of city employees on its work force; and WHEREAS, the suits received by beneficiaries of the Miami City Employees' Retirement System and of the Miami City General Employees' Retirement Plan have only once been adjusted for the purpose of recognizing a steady and sizeable cost of living increasethat has taken place since the date said beneficiaries became a beneficiary; and WHEREAS, the sums presently being received by. said beneficiaries when compared to the increase that has taken place in the cost of living since the said beneficiaries became beneficiaries (dating back to the early forties in some instances) demonstrate the woeful inadequacy of such . sums; and WHEREAS,. this continuing concern was'expressed 'in Ordinance No. 7663 passed and adopted by the City.Com- mission on May 23, 1968 whereby monies were appropriated to partially meet such aforesaid inadequacy of the sums received by these beneficiaries, and ' WHEREAS the. ci.ty's retirement program wall be able to underwrite the.cost of meeting'the increased cost of payment§ contained herein until October i, 1972 where.. upon the city will ae§ume the ending of the aforetaid increased benefits through the appropriation of necessary Monies; and WREREAS, the Retirement board of the aforesaid system and aforesaid Plan has formally indicated its willing- ness to temporarily underwrite the cost Of providingthe increased benefits herein until October 1, 1972; NOW, THEREFORE, DE IT ORDAINED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA Section 1. Effective as of January 1, 1972, the pensions of all beneficiaries of the Miami City Employees' Retirement System and of the Miami City General Employees' Retirement Plan shall be adjusted so that, as respects each beneficiary as of such date, the pension benefit shall be increased by an aggregate amount determined by increasing the pension benefit by two percent (2%). of the original benefit for each year since the respective date of retire- ment for each beneficiary. The amount of each such in- crease 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 ad- justed pension benefit as bereinabove determined shall be used as the base monthly retirement allowance for the computation of benefit, changes, if any, which arise by e reason of change in the value of variable unite' Section 2tf 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 affeot the remaining portions of this Ordinanoe, and it shall be construed to have been the intent of the Commission of the City of Miami to pass this ordinance without such unconstitutional, 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. P-' ASSED ON FIRST READING BY TITLE ONLY this f7 day of 1972. PASSED AND ADOPTED ON SECOND AND FINAL READING BY TITLE ONLY this day of ATTEST: 1972. MAYOR c-H!• Section reading days is vote of CITY CLERK PREPA)jED AND APPROVED BY: Robert F. Clark. Assistant City attorney RBVIEWBD BY; aok R. Rioe, .J APPiPtant 1:04 et 4 That the requirement of this ordinance on twoseparat hereby dispensed with by a not less than four -fifths;, of bersof'the Commission. the meth