99-23246 RESO
RESOLUTION NO.
99-23246
A RESOLUTION OF THE MAYOR AND CITY COMMISSION
OF THE CITY OF MIAMI BEACH, FLORIDA GRANTING
CONCEPTUAL APPROVAL OF THE PLACEMENT OF A
QUESTION ON THE CITY OF MIAMI BEACH'S
NOVEMBER 2, 1999 SPECIAL ELECTION BALLOT
AMENDING ARTICLE IX OF THE CITY OF MIAMI
BEACH'S RELATED SPECIAL ACTS CONCERNING
"PENSION SYSTEM FOR DISABILITY AND RETIREMENT
OF MEMBERS OF POLICE AND FIRE DEPARTMENTS" BY
MERGING THEREIN PROVISIONS OF MIAMI BEACH
CITY CODE CHAPTER 78, ARTICLE IV THEREOF
ENTITLED "POLICE OFFICERS AND FIREFIGHTERS
SUPPLEMENTAL PENSION", DELETING OBSOLETE
LANGUAGE, DELETING RESTRICTIONS CONCERNING
PENSION BOARD INVESTMENT/ALLOCATION AND
SUBSTITUTING THEREFOR THE "PRUDENT PERSON
RULE" TO GOVERN ALL PLAN INVESTMENTS,
ESTABLISHING A DEFERRED RETIREMENT OPTION
PLAN, AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, on November 2, 1999 a general election is scheduled to be held in the City of
Miami Beach; and
WHEREAS, the Mayor and City Commission hereby conceptually approve placement of
a measure on the November 2, 1999 ballot amending Article IX of the City of Miami Beach's
Related Special Acts concerning "Pension System for Disability and Retirement of Members of
Police and Fire Departments" by merging therein provisions of Miarni Beach City Code Chapter 78,
Article IV thereof entitled "Police Officers and Firefighters Supplemental Pension", deleting
obsolete language, deleting restrictions concerning Pension Board investment/allocation and
substituting therefor the "Prudent Person Rule" to govern all Plan investments, establishing a
deferred retirement option plan, and providing for an effective date; and
WHEREAS, the specific text detailing the proposed amendments will be presented to the
City Commission concurrent with its consideration on July 21, 1999 of the Resolution calling for
the special election on this matter.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY
COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA that it hereby grants conceptual
approval of the placement of a question on the City of Miami Beach's November 2, 1999 special
election ballot amending Article IX of the City of Miami Beach's Related Special Acts concerning
"Pension System for Disability and Retirement of Members of Police and Fire Departments" by
merging therein provisions of Miami Beach City Code Chapter 78, Article IV thereof entitled
"Police Officers and Firefighters Supplemental Pension", deleting obsolete language, deleting
restrictions concerning Pension Board investment/allocation and substituting therefor the "Prudent
Person Rule" to govern all Plan investments, establishing a deferred retirement option plan, and
providing for an effective date, with specific text detailing the proposed amendments to be presented
to the City Commission concurrent with its consideration on July 21, 1999 of the Resolution calling
for the special election on this matter.
PASSED and ADOPTED this 21st day of July
, 1999.
t
'14 MAYOR
ATTEST:
\Uk~ ~QMty
CITY CLERK
(Requested by Commissioner David Dermer)
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APPROVED AS TO
fORM & LANGUAGE
& FOR EXECUTION
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Date 2
OFFICE OF THE CITY ATTORNEY
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MURRAY H. DURBIN
City Attorney
Telephone:
Telecopy:
(305) 673-7470
(305) 673-7002
COMMISSION MEMORANDUM NO. 5 1 8 - 94
DATE: JULY 7,1999
TO: MA yo.R NEISEN KASDIN,
MEMBERS OF THE CITY COMMISSION
FROM: MURRAY H. DUBBIN~' ~
CITY ATTORNEY ~.
SUBJECT: AMENDING MIAMI BEACH CITY CODE ARTICLE IX OF THE CITY OF
MIAMI BEACH'S RELATED SPECIAL ACTS CONCERNING "PENSION
SYSTEM FOR DISABILITY AND RETIREMENT OF MEMBERS OF POLICE
AND FIRE DEPARTMENTS".
Pursuant to the request of Commissioner David Dermer, the attached resolution has been prepared
regarding conceptual approval of placement of a measure on the City of Miami Beach's November 2, 1999
special election ballot amending Article IX of the City of Miami Beach's Related Special Acts concerning
"Pension System for Disability and Retirement of Members of Police and Fire Departments" by merging
therein provisions of Miami Beach City Code Chapter 78, Article IV thereof entitled "Police Officers and
Firefighters Supplemental Pension", deleting obsolete language, deleting restrictions concerning Pension
Board investment/allocation and substituting therefor the "Prudent Person Rule" to govern all Plan
investments, establishing a deferred retirement option plan, and providing for an effective date.
The attached resolution is in proper form and ready for City Commission review.
f: \alto \$all\shei la \res-ord. em \art -ix99. em
Agenda Item
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Date
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