2010-27353 Reso RESOLUTION NO. 2010 -27353
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI
BEACH, FLORIDA, AUTHORIZING THE ADMINISTRATION . TO CREATE AN AGENCY.
ACCOUNT FOR THE PURPOSE OF RETAINING THE ADDITIONAL TWO PERCENT. (2 %)
EMPLOYEE PENSION CONTRIBUTION FOR ALL EMPLOYEES NOT INCLUDED IN ANY
BARGAINING UNIT AND KNOWN AS THE GROUPS "UNCLASSIFIEDS" AND "OTHERS",
WHO PARTICIPATE IN THE MIAMI BEACH EMPLOYEES' RETIREMENT PLAN (MBERP),
RETROACTIVE TO THE PAY PERIOD. BEGINNING ON JANUARY 18, 2010, AND
CONTINUING TO A DATE NOT LATER THAN SEPTEMBER 30, 2010.
WHEREAS, effective January 18, 2010, all employees not included im any bargaining
unit and known as the groups "Unclassified" and "Others" Salary Groups, who participate in the
Miami Beach Employees'- Retirement Plan (MBERP), began contributing an additional two-
percent (2 %) of earnings toward their employee pension contribution, which additional
employee contribution will correspondingly reduce. the City's annual required contribution to the
MBERP; and
WHEREAS, the Administration has been authorized by the Mayor and City Commission
to create an Agency Account (where the City acts on behalf of the employee in collecting the
funds and transmitting those funds to the appropriate entity); and
WHEREAS, the additional employee contributions will be' maintained in the Agency
Account until a date not later than September 30, 2010; and
WHEREAS, the additional employee contributions will be deposited into the MBERP
fund on or before September 30, 2010.
NOW, WHEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND THE CITY
COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA hereby . approve this resolution
- authorizing the Administration to create an Account for the purpose of retaining the
additional two percent .(2 %) employee pension contribution for all employees not included in any
bargaining unit and known as the groups "Unclassified" and "Others" Salary Groups, who
participate in the Miami Beach Employees' Retirement Plan (MBERP), retroactive to January
18, 2010, and continuing to a date not later than September 30, '2010, and the additional
employee contributions will be deposited into the MBERP fund on or before September 30,
2010, and hereby authorize the Mayor and the City Clerk to execute this . Resolution.
PASSED AND ADOPTED this 10 day of March, 2010.
ATTEST: _
APPROVED AS TO
o - C FORM LANGUAGE
FOR EXECUTION
CITY CLERK MAYOR
City Attorr Date