HomeMy WebLinkAboutR-17-0443opCity of Miami
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Legislation
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Resolution R-17-0443
File Number: 2732
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Final Action Date: 9/19/2017
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING AND ADOPTING THE ANNUAL BUDGET OF THE CITY OF MIAMI
GENERAL EMPLOYEES' & SANITATION EMPLOYEES' EXCESS BENEFIT
PLAN ("GESE EXCESS BENEFIT PLAN"), ATTACHED AND INCORPORATED,
FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2017 AND ENDING
SEPTEMBER 30, 2018 IN THE AMOUNT OF $115,707.00, EXCLUDING THE
ACTUARIALLY DETERMINED ANNUAL BENEFIT PAYMENT, TO PROVIDE FOR
THE ADMINISTRATION OF THE GESE EXCESS BENEFIT PLAN.
WHEREAS, under Section 40-265 of the Code of the City of Miami, Florida, as
amended, the Board of Trustees for the General Employees' and Sanitation Employees'
("Trustees") is appointed as the committee to administer the City of Miami General Employees'
and Sanitation Employees' Excess Benefit Plan ("GESE Excess Benefit Plan"); and
WHEREAS, an annual budget is required to properly administer the GESE Excess
Benefit Plan; and
WHEREAS, the Trustees reviewed and approved the GESE Excess Benefit Plan
proposed budget for Fiscal Year 2017-2018 on March 17, 2017; and
WHEREAS, the Trustees request the approval of the GESE Excess Benefit Plan
proposed budget for the Fiscal Year commencing October 1, 2017 and ending September 30,
2018 in the amount of $115,707.00, excluding the actuarially determined annual benefit
payment, to provide for the administration of the GESE Excess Benefit Plan;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are
adopted by reference and incorporated as if fully set forth in this Section.
Section 2. The GESE Excess Benefit Plan Fiscal Year 2017-2018 budget, attached and
incorporated, for the Fiscal Year commencing October 1, 2017 and ending September 30, 2018
in the amount of $115,707.00, excluding the actuarially determined annual benefit payment, to
provide for the administration of the GESE Excess Benefit Plan, is approved and adopted.
Section 3. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.'
' If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days
from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective
immediately upon override of the veto by the City Commission.
City of Miami Page 1 of 2 File ID: 2732 (Revision:) Printed On: 12/12/2017
File ID: 2732
APPROVED AS TO FORM AND CORRECTNESS:
1
i ria i "ndez, ity Attor ey 9/5/2017
Enactment Number: R-17-0443
City of Miami Page 2 of 2 File ID: 2732 (Revision:) Printed on: 1211212017