HomeMy WebLinkAboutSummary Form SRDate: 09/10/2015
SECOND READING ORDINANCE
AGENDA ITEM SUMMARY FORM
FILE ID: 15-01010
Commission Meeting Date: 09/24/2015
Requesting Department: Finance
District Impacted:
Type: ❑ Resolution ® Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Required IRS Regulations update to the FIPO Ordinance
Purpose of Item:
Law Department
Matter ID No.
The purpose of this item is to update ARTICLE IV, DIVISION 2 -CITY OF MIAMI
FIREFIGHTERS" AND POLICE OFFICERS" RETIREMENT TRUST pursuant to required changes
under IRS Regulations.
Background Information:
In order for the FIPO Pension to continue to be a qualified plan the recommended changes to Article
IV, Division 2, CITY OF MIAMI, FIREFIGHTERS' AND POLICE OFFICERS' RETIREMENT
TRUST, second reading. First reading approved at City Commission meeting on September 10, 2015
Budget Impact Analysis
NO Is this item related to revenue?
YES Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No.-
NO
o:NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
Final Approvals
(SIGN AND DATE)
CIP BudffeK
If using or receiving capital funds �--'
Grants Risk Man
Purchasing / Dept. Director
Chief tl"'"�" V / � /y City Manager_
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