LTC 354-2024 Audit Committee MotionMIAMI BEACH
OFFICE OF THE CITY CLERK
354-2024 LETTER TO COMMISSION
TO:
FROM:
DATE:
RE:
The Honorable Mayor Steven Meiner and Members of the City Commission
Rafael Granado,City Clerk 7
August 19,2024 /SI
Audit Committee Motion
On February 22,2023,the City Commission approved and adopted on second reading
Ordinance No.2023-4549 that amended several provisions of the Pension Plan,including
changing the pension accrual factor to 4%for Elected Officials and Charter Officers,but
excluded the Inspector General concerning this specific change.Therefore,the Inspector
General is the only member of the Charter Officers with a 2.5%pension accrual factor
as all the other Charter Officers have a 4.0%pension accrual factor.
After several subsequent deferrals,the Finance and Economic Resiliency Committee
(FERG)meeting,held on July 26,2024,included an agenda item entitled "Discuss an
Increase to the Inspector General's Pension Accrual."After a discussion,the FERC
members approved having the item heard by the City Commission as well as a
recommendation that the item be referred to the Audit Committee for its input.
In response to the FERC referral,the increase to the Inspector General's Pension
Accrual item was presented at the August 14,2024,Audit Committee meeting by the
Pension Administrator for the Miami Beach Employee's Retirement Plan.After a
discussion,the Audit Commission members unanimously approved the following
motion:
Motion:The City of Miami Beach Audit Committee supports the increase of the pension
accrual factor for the City of Miami Beach Inspector General from 2.5%to 4%,as the other
Charter Officers.
Motion Made by:Adam Kravitz
Motion Seconded by:Marc Gidney
Motion Passed:4-0
Member Present:Ronald Starkman,Marc Gidney,Adam Kravitz,and David Grieser
For more information,please contact Audit Committee liaison Mark Coolidge at
MarkCoolidge@miamibeachfl.gov at ext.26149.
Cc:Eric Carpenter,City Manager
Finance and Economic Resiliency Committee