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BIE - POLICE AND FIRE PENSION (11/5/2024)MIAMI BEACH City of Miami Beach,1700 Convention Center Drive,Miami Beach,Florida 33139,www .miamibeachfl.gov TO:Mayor Steven Meiner and Members of the City Commission FROM:Eric Carpenter,City Manager M___1'b<"-- MEETING DATE:11/20/2024 SUBJECT:BUSINESS IMPACT ESTIMATE AN ORDINANCE OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH,FLORIDA,AMENDING PART I,SUBPART B,ARTICLE IX,RELATED SPECIAL ACTS,OF THE MIAMI BEACH CITY CODE ENTITLED "PENSION SYSTEM FOR DISABILITY AND RETIREMENT OF MEMBERS OF POLICE AND FIRE DEPARTMENTS";AMENDING SECTION 66,"SERVICE AND DISABILITY BENEFITS GENERALLY",RELATED TO SALARY AND MINIMUM LINE-OF-DUTY DISABILITY BENEFITS; AMENDING SECTION 79,ENTITLED "DEFERRED RETIREMENT OPTION PLAN (DROP)",RELATED TO THE MAXIMUM DROP PARTICIPATION PERIOD;AMENDING SECTION 88,"BENEFITS FOR MEMBERS HIRED ON OR AFTER SEPTEMBER 30,2013 AND PRIOR TO JUNE 8,2016 FOR INTERNATIONAL ASSOCIATION OF FIREFIGHTERS,LOCAL 1510 (IAFF) AND JULY 20,2016 FOR FRATERNAL ORDER OF POLICE,WILLIAM NICHOLS LODGE NO.8 (FOP)",RELATED TO AVERAGE MONTHLY SALARY;AMENDING SECTION 89,"BENEFITS FOR MEMBERS HIRED ON OR AFTER JUNE 8,2016 AND PRIOR TO MAY 8,2019 FOR INTERNATIONAL ASSOCIATION OF FIREFIGHTERS,LOCAL 1510 (IAFF) AND HIRED ON OR AFTER JULY 20,2016 AND PRIOR TO JULY 31,2019 FOR FRATERNAL ORDER OF POLICE,WILLIAM NICHOLS LODGE NO.8 (FOP)",RELATED TO AVERAGE MONTHLY SALARY;AMENDING SECTION 90,ENTITLED "BENEFITS FOR MEMBERS HIRED ON OR AFTER MAY 8,2019 FOR INTERNATIONAL ASSOCIATION OF FIREFIGHTERS, LOCAL 1510 (IAFF)AND ON OR AFTER JULY 31,2019 FOR FRATERNAL ORDER OF POLICE,WILLIAM NICHOLS LODGE NO.8 (FOP)",RELATED TO CREDITED SERVICE;PROVIDING FOR SEVERABILITY;REPEALING ALL ORDINANCES IN CONFLICT HEREWITH;AND PROVIDING AN EFFECTIVE DA TE. ls a Business Impact Estimate Required?□Yes 7 No (If no,please check one of the boxes below) If one or more boxes are checked below,this means the City of Miami Beach has determined that a Business Impact Estimate for the above-referenced Ordinance is not required by State law. □The proposed Ordinance is required for compliance with Federal or State law or Business Impact Estimate Page 2 □□ □□□ regulation; The proposed Ordinance relates to the issuance or refinancing of debt; The proposed Ordinance relates to the adoption of budgets or budget amendments,including revenue sources necessary to fund the budget; The proposed Ordinance is required to implement a contract or an agreement, including,but not limited to,any Federal,State,local,or private grant or other financial assistance accepted by the City; The proposed Ordinance is an emergency ordinance; The Ordinance relates to procurement;or The proposed Ordinance is enacted to implement the following: a.Private applications for comprehensive plan amendments and land development regulation amendments; b.Development orders,development permits,and development agreements; c.Sections 190.005 and 190.046,Florida Statutes,regarding community development districts; d.Section 553.73,Florida Statutes,relating to the Florida Building Code;or e.Section 633.202,Florida Statutes,relating to the Florida Fire Prevention Code. If none of the above exceptions apply,this Business Impact Estimate is hereby provided in accordance with Section 166.041 (4 ),Florida Statutes. 1.Summary The Administration presented a separate item before the City Commission during the October 30,2024,meeting,requesting approval to ratify a three-year labor agreement ("Agreement")between the City of Miami Beach and the International Association of Firefighters ("IAFF"),Local1510,from October 1,2024,through September 30,2027.The proposed ordinance updates the pension plan in response to the labor agreement. 2.An estimate of the direct economic impact of the proposed Ordinance on private,for- profit businesses in the City of Miami Beach,if any: N/A 3.Good faith estimate of the number of businesses likely to be impacted by the proposed Ordinance:N/A ,4.Additional comments: N/A