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R5P-Fire And Police Pension Ordinance -Weithorn-COMMISSION ITEM SUMMARY Condensed Title: An Ordinance 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 63 Entitled "Source of Monies for Fund; Computation of Liability; Use and Investment of Fund"; Service Record"; And Amending Section 66 Entitled "Service and Disability Benefits Generally" Key Intended Outcome Supported: Attract and maintain a workforce of excellence, control costs of payroll including salary and fringes/minimize taxes/ensure expenditure I trends are sustainable over the long term Item Summary/Recommendation: First Reading On September 30, 2013, the City Commission adopted Ordinance #2013-3817, amending provisions in the Fire and Police Pension Plan to reflect what had been negotiated with the International Association of Firefighters (IAFF) and the Fraternal Order of Police (FOP}. Following adoption of the ordinance, both the IAFF and FOP raised concerns regarding the definition of the Final Average Monthly Earnings (FAME) retirement benefit for members hired prior to September 30, 2013, since they believed the ordinance should have maintained the previously existing language, that the FAME would be based on the average of the highest three or the last three years of a member's employment. The amended ordinance provides for the average of the highest three years and is silent on the subject of the last three years. Upon the administration's inquiry, Buck Consultants, the actuary for the Fire and Police Pension Plan advised that its actuarial analysis did not change the FAME calculation of the three last years for members hired prior to September 30, 2013. It is important to note that the previous pension ordinance reflected the FAME based on the average of the two highest years or two last years for members hired prior to July 14, 2010. Additionally, the Fire and Police Pension ordinance adopted at the September 30, 2013, City Commission meeting based the FAME for employees hired on or after September 30, 2013, on the average of the five (5) highest or five last years. After numerous discussions between the parties the City agreed to recommend a revision to the definition of the FAME for members hired prior to September 30, 2013, to include both the highest three years or the last three years of employment. On October 2013, the City was served with both a grievance and an unfair labor practice (ULP) charge in which the aggrieved party alleged that a retirement benefit negotiated for members hired as a result of a consent decree had been unilaterally altered by the administration eliminating IAFF members from eligibility. After consulting with the City's and the IAFF's legal counsel, the parties entered into a Memorandum of Understanding (MOU) that made members hired under the consent decree eligible for retirement under the Rule of 70 with no minimum age requirement. The IAFF confirmed on December 6, 2013, that the MOU was ratified by the membership with 115 voting members in support of the MOU and 23 against. As currently written, the pension ordinance does not permit command staff members who did not rise through the ranks to join the Fire and Police Pension Plan, leaving the City of Miami Beach at a competitive disadvantage in the labor market. Therefore, the administration recommends including such individuals in the plan, provided that they attain age 62 or have at least ten years of service prior to normal retirement. After adoption of the ordinance on September 30, 2013, the City's pension actuary, Michael Tierney, provided revised language concerning the Budget Advisory Committee's recommended pension policies and guidelines adopted by the City Commission on July 17, 2013. Given that the administration is recommending amending the Fire and Police Pension ordinance, these revisions are also included in the proposed ordinance amendment. The Administration recommends approving the proposed ordinance and setting a second reading and public hearing for the February 2014 City Commission meeting. Financial Information: Source of Amount Funds: 1 FY2013/2014 N/A D 2 FY2014/2015 N/A 3 FY2015/2016 N/A OBPI Total N/A Financial Impact Summary: According to the City's actuary, the changes to the ordinance will not have a financial impact on the City and their impact statement will be provided prior to the Citv Commission meeting. City Clerk's Office Legislative Tracking: Sylvia Crespo-Tabak, Human Resources Director S1 n-Offs: Department Director Assistant City Manager MIAMI BEACH 623 City Manager Jimmy L. Morales AGENDA IT EM _o-R--.s-=P ....... .--- DATE 1-fs:-14 -MIAMI BEACH City of Miami Beach, 1700 Convention Center Drive, Miami Beach, Florida 33139, www.miamibeachfl.gov MMISSION MEMORANDUM TO: Mayor Philip Levine and Members FROM: Jimmy L. Morales, City Manager DATE: January 15, 2014 FIRST READING SUBJECT: AN ORDINANCE OF THE MAYO 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"; IMPLEMENTING PROVISIONS OF THE 2012-2015 COLLECTIVE BARGAINING AGREEMENTS BETWEEN THE CITY AND FIRE FIGHTERS OF MIAMI BEACH, (IAFF) LOCAL 1510, AND MIAMI BEACH FRATERNAL ORDER OF POLICE, WILLIAM NICHOLS LODGE NO. 8 (FOP); IMPLEMENTING RECOMMENDATIONS OF THE BUDGET ADVISORY COMMITTEE, A MEMORANDUM OF UNDERSTANDING AND OTHER CHANGES; AMENDING SECTION 63 ENTITLED "SOURCE OF MONIES FOR FUND; COMPUTATION OF LIABILITY; USE AND INVESTMENT OF FUND"; SERVICE RECORD"; AND AMENDING SECTION 66 ENTITLED "SERVICE AND DISABILITY BENEFITS GENERALLY"; PROVIDING FOR SEVERABILITY; REPEALING ALL ORDINANCES IN CONFLICT THEREWITH; AND PROVIDING FOR AN EFFECTIVE DATE. ADMINISTRATION RECOMMENDATION The administration recommends approving the ordinance and setting a second reading and public hearing at the February 2014 City Commission meeting. BACKGROUND On July 17, 2013, the City Commission ratified a three-year collective bargaining agreement covering the period October 1, 2012 through September 30, 2015, between the City of Miami Beach and the International Association of Firefighters (IAFF), subject to the IAFF membership ratifying the agreement. On August 7, 2013, the IAFF confirmed ratification of the contract by 85 percent of the voting membership. On July 19, 2013, the City Commission ratified a three-year collective bargaining agreement covering the period October 1, 2012 through September 30, 2015, between the City of Miami Beach and the Fraternal Order of Police (FOP), subject to the FOP membership ratifying the agreement. The agreement ratified by the City Commission included two substantive changes (which were made from the dais and approved by a vote of 6:1) to the terms and conditions tentatively agreed to between the City and the FOP. These changes included I i miting the pensionable earnings for off-duty services to 11 percent of the members' salaries upon retirement, with an exception carved out for current police sergeants and lieutenants, and implementing a voluntary fitness program on a quarterly basis available to all bargaining unit members. Based on the changes made on the floor during the City Commission meeting, the FOP and the City renegotiated certain provisions of the contract and on September 11, 2013, the City 624 City Commission Memorandum January 15, 2014 Fire and Police Pension-181 Reading Page 2 of 3 Commission adopted a resolution accepting the amended 2012-2015 collective bargaining agreement with the FOP that had previously been ratified on July 19, 2013. The negotiated terms and conditions with both the IAFF and the FOP included significant changes to pension benefits for current and future employees who participate in the Fire and Police Pension Plan that will result in an estimated savings of approximately $130 million over the next thirty years. In addition to ratifying the contracts, on September 30, 2013, the City Commission adopted Ordinance #2013-3817 implementing the agreed upon pension plan changes. In addition, the amendments to the Fire and Police Pension Plan included a number of pension policies and guidelines for both of the City's pension plans recommended by the Budget Advisory Committee (BAC) and adopted at the July 17, 2013, City Commission meeting. ANALYSIS Following adoption of the amended Fire and Police Pension ordinance, leadership from both the IAFF and FOP raised a concern relating to the newly adopted pension ordinance, which was ultimately determined to be a scrivener's error, concerning a member's Final Average Monthly Earnings (FAME). According to the unions, both IAFF And FOP had negotiated that effective September 30, 2013, the FAME for IAFF and FOP bargaining unit employees hired prior to September 30, 2013, would be based on the average of the three highest years or the three last years of employment; and employees hired on or after September 30, 2013, would be based on the average of the five highest years or the last five years of employment. However, the amended ordinance only reflected the "highest years" for employees hired before September 30, 2013. Upon the administration's inquiry, Buck Consultants, the actuary for the Fire and Police Pension Plan advised that its actuarial analysis did not change the FAME calculation of the three last years for members hired prior to September 30, 2013. It is important to note that until the revisions approved September 30, 2013, the pension benefits for employees hired prior to July 14, 2010, reflected the FAME to be based on the average of the two highest years or last two years of employment. In addition, the Fire and Police Pension ordinance adopted September 30, 2013, did provide employees hired on or after September 30, 2013, a retirement benefit reflecting their FAME based on the average of the five highest or five last years. After numerous discussions between the City and the IAFF and FOP Union leadership, the City agreed to recommend a revision to the ordinance so that members hired prior to September 30, 2013, would have their FAME calculations based on the three highest or last three years of employment, whichever is greater. On October 2013, the City was served with both a grievance and an unfair labor practice charge (ULP) in which the aggrieved party alleged that a retirement benefit negotiated for members hired as a result of a consent decree had been unilaterally altered by the administration eliminating IAFF members from eligibility. The benefit allowed members hired as a result of the consent decree to be grandfathered, permitting them to maintain their retirement age eligibility at 4 7 and the Rule of 70, with no minimum age requirement. After consulting with the City's counsel and counsel for the IAFF, the parties entered into a Memorandum of Understanding (MOU) that made members hired under the consent decree eligible for retirement under the Rule of 70 with no minimum age requirement. Since the MOU changed terms and conditions of employment, it was subject to ratification by the union membership. On December 6, 2013, the IAFF confirmed that the MOU was ratified by the membership with 115 voting members in support of the MOU and 23 against. Therefore, in conjunction with this item, the administration is presenting under separate 625 City Commission Memorandum January 15,2014 Fire and Police Pension-1st Reading Page 3 of 3 cover a resolution ratifying the MOU. The memorandum of understanding is provided as Attachment 1. The Fire and Police Pension Plan actuary has advised that implementing this change for members covered by the IAFF hired as a result of the consent decree will not result in any significant impact to the Plan, as there are only two members who qualify. In late October 2013, the City's pension actuary, Michael Tierney provided the City with revised language concerning the pension policies and guidelines for both of the City's pension plans and adopted by the City Commission on July 17, 2013. Given that the administration is recommending changes to the Fire and Police Pension Plan ordinance, the revised language for the pension policies and guidelines have been included in the proposed ordinance amendment. The administration is also presenting an amendment to the Miami Beach Employees' Retirement Plan (MBERP) ordinance implementing the pension provisions ratified in the 2012-2015 agreement between the City and the Government Supervisors Association of Florida (GSAF), Local OPEIU. The MBERP ordinance amendment also includes the language provided by Mr. Tierney. Finally, the definition of "employee" was amended in Ordinance 2013-3817 to include all certified police officers and firefighters in the Fire and Police Pension Plan. Because the City may be recruiting command staff members via an external recruitment process in the future, it is recommended that the Fire and Police Pension plan ordinance be further amended to provide that members who are hired as unclassified employees and continuously remain unclassified employees during their employment with the City vest after 1 0 years of City service, and become eligible to retire upon reaching age 55 with 1 0 or more years of City service. CONCLUSION The administration recommends that the City Commission approve the proposed ordinance amending certain retirement benefits for Fire and Police Pension Plan members covered by the IAFF that are consistent with benefits granted certain members covered by the FOP; amending the FAME for members hired prior to September 30, 2013 to be based on the average of the three highest or three last years of employment; amending language concerning the SAC's adopted pension policies and guidelines as recommended by the City's pension actuary and amending the Plan provisions regarding unclassified employees to facilitate recruitment of command staff members. The administration recommends approving the proposed ordinance on first reading and setting the second reading and public hearing for the February 2014 City Commission meeting. AttaclP"t JLM/KGB/SC-T/CMG T:IAGENDA\2014\January\Police and Fire Pension\Fire and Police Pension 1st Reading Memo.doc 626 ATTACHMENT 1 MEMORANDUM OF UNDERSTANDING This Memorandum of Understanding ("MOU") is entered into, by, and between the City of Miami Beach ("City") and the International Association of Fire Fighters, Local 1510 ( 4'Union"). The Parties agree that Section 66 of Part 1, Subpart B, Article IX, Related Special Acts of the Miami Beach City Code, is amended in pertinent part to read: Sec. 66. Service and disability benefits generally. (a) The Board shall, upon application retire members meeting any one of the following requirements: * * * (4) The sum of the member's age and Creditable Service equals at least 70 and the member retires on or after October 1, 1998; provided, effective September 30, 2013, a member hired before July 14, 2010 must attain age 47 to be eligible for retirement under this paragraph ( 4); and a member hired on or after July 14, 2010 must attain age 48 to be eligible for retirement under this paragraph (4); and provided further, any member hired prior to July 14, 2010 who completes a buyback of prior Creditable Service prior to September 30, 2013 and reaches the maximum pension benefit of 85% of average monthly Salary prior to attaining age 4 7, the employee contribution shall cease on the date such employee reaches the 85% maximum pension benefit, and his/her final average monthly Salary will be frozen on the same date. Notwithstanding the preceding sentence, any police officer or firefighter member hired pursuant to a consent decree may retire when the sum of the member's age and Creditable Service equals at least 70. * * * [INTENTIONALLY LEFT BLANK] 627 TN WITNESS WHEREOF, subject to due ratification by vote of the bargaining unit members and by vote of the City Commission, and intending to be legally bound, the Pru.ties hereby execute this MOU. CITY OF MIAMI BEAC INTERNATIONAL ASSOCIATION OF FIRE FIGHT S OCA 1 President ~t-oL3 DATE I tlho/;:.r DATE I I 628 FIRE & POLICE PENSION ORDINANCE ORDINANCE NO. ___ _ 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"; IMPLEMENTING PROVISIONS OF THE 2012-2015 COLLECTIVE BARGAINING AGREEMENTS BETWEEN THE CITY AND FIRE FIGHTERS OF MIAMI BEACH, (IAFF) LOCAL 1510, AND MIAMI BEACH FRATERNAL ORDER OF POLICE, WILLIAM NICHOLS LODGE NO. 8 (FOP); IMPLEMENTING RECOMMENDATIONS OF THE BUDGET ADVISORY COMMITTEE, A MEMORANDUM OF UNDERSTANDING AND OTHER CHANGES; AMENDING SECTION 63 ENTITLED "SOURCE OF MONIES FOR FUND; COMPUTATION OF LIABILITY; USE AND INVESTMENT OF FUND"; SERVICE RECORD"; AND AMENDING SECTION 66 ENTITLED "SERVICE AND DISABILITY BENEFITS GENERALLY"; PROVIDING FOR SEVERABILITY; REPEALING ALL ORDINANCES IN CONFLICT THEREWITH; AND PROVIDING FOR AN EFFECTIVE DATE. BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA: * * * Section 1. Section 63 of Part 1, Subpart B, Article IX, Related Special Acts of the Miami Beach City Code, is amended to read: Sec. 63. fund. Source of moneys for fund; computation of liability; use and investment of * * * (c) All computations of liability in connection with the System shall be based on tables and rates approved by the Board. The Board shall designate an actuary for the System who shall recommend such tables and rates for adoption by the Board. The actuary designated by the Board, on the basis of such tables and rates, shall recommend to the Board the amounts required to be paid into the System by the City under subsection (a) of this section. During the three year period beginning October 1, 2013 and at least once every three years thereafter. there shall be an experience study of the Systems' actuarial assumptions performed by an actuary selected by the City. The actuary selected by the City shall make recommendations for any changes in assumptions based on the results of the experience study. In the event the Board of Trustees or plan actuary disagrees with the recommended assumption changes. the Board or plan actuary shall present the basis of their disagreement and justify any deviation from the recommended assumptions to the City Commission. Effective September 30, 2013. five, ten and twentv year projections of required pension contributions shall be included as part of any actuarial valuation of the System, based on the actuarial assumptions for the System contained in the valuation. The projections shall be updated to reflect the cost of any proposed benefit enhancement before the City Commission agrees to the enhancement. The cost of these studies shall be funded separately from the annual contribution to the 1 629 pension plan. Effective September 30, 2013, there shall be an experience study of each of the City's pension plans' actuarial assumptions performed by an actuary seleeted by the City. The experience study should be conducted at least once every three years to compare actual experience to the assumptions. The aotuary seleoted by the City shall make recommendations for any changes in assumptions based on the results of the experience study, and any deviations from those assumptions by tho pension boards shall be justified to the City Commission. Effective September 30, 2013, the City shall require 5, 10 and 20 year projections of required pension aontributions as part of the annual actuarial valuations for each of the City's pension plans. These projections shall be based on the current actuarial assumptions for each plan. The projections shall be updated to reflect the cost of any proposed benefit enhancement before the City Commission agrees to the enhancement. The oost of these studies shall be funded separately from the annual contribution to the pension plan. (d) There shall be a complete actuarial evaluation prepared by the plan actuary at least every three years, and the City shall make such adjustments in its contributions as shall be shown to be required by such actuarial evaluation. The money required to meet all the obligations of this System over and above the personal contributions from members, is a liability and obligation of the City. The expenses of the System shall not be separately budgeted so long as the method is permitted by law. The City commission shall levy annually, in the manner provided by law, upon all taxable property within the City, such millage on the assessed valuation thereof as is necessary to produce the amounts required to be contributed by the City to this System. Effective September 30, 2013, the City shall fund at least the normal cost of the System. net of member contributions and state premium tax revenues. If the net City normal cost for any Plan year exceeds the City's annual required contribution as determined in accordance with Part VII. Chapter 112, Florida Statutes. the excess shall be held in reserve as part of the Fund assets, designated as the pension stabilization fund. and shall be used to offset the City's annual required contribution in any Plan year as determined by the Citv. The pension stabilization fund shall be accounted for separately and not included as assets of the Fund for plan valuation purposes. and shall be annually credited or debited with gains and losses at the same rate of return as the overall net market rate of return on Fund investments pension. If this exceeds the amount of the aotuarially determined annual required contribution, the excess should be placed in a pension stabilization fund, to be made available for future pension shortfalls. * * * Section 2. Section 66 of Part 1, Subpart B, Article IX, Related Special Acts of the Miami Beach City Code, is amended to read: Section 66. Service and disability benefits generally. (a) The Board shall, upon application retire members meeting any one of the following requirements: ( 1) The attainment of age 50. (2) Permanent and total disability incurred in line of duty in the police or fire department, or in the unclassified service as provided in section 70, irrespective of the number of years of Creditable Service;. 2 630 (3) Permanent and total disability incurred other than in the line of duty, after five years of Creditable Service. (4) The sum of the member's age and Creditable Service equals at least 70 and the member retires on or after October 1, 1998; provided, effective September 30, 2013, a member hired before July 14, 2010 must attain age 47 to be eligible for retirement under this paragraph (4 ); and a member hired on or after July 14, 2010 must attain age 48 to be eligible for retirement under this paragraph (4); and provided further, any member hired prior to July 14, 2010 who completes a buyback of prior Creditable Service prior to September 30, 2013 and reaches the maximum pension benefit of 85% of average monthly Salary prior to attaining age 47, the employee contribution shall cease on the date such employee reaches the 85% maximum pension benefit, and his/her final average monthly Salary will be frozen on the same date. Notwithstanding the preceding sentence, any pollee officer or firefighter member hired pursuant to a consent decree may retire when the sum of the member's age and Creditable Service equals at least 70. (5) Only for periods prior to October 1, 2000 and only in the case of a May 1993 Member, the attainment of age 55 with at least 10 years of Creditable Service. (6) For Members hired on or after January 1, 2014 whose initial employment with the City is in the unclassified service and who continuously remain a member of the unclassifed service during their employment with the City, the attainment of age 55 with at least 10 years of Creditable Service. Notwithstanding any other provision of this System, members hired on or after January 1, 2014 whose initial employment with the City is in the unclassified service and who continuously remain a member of the unclassifed service during their employment with the City must attain at least 10 years of Creditable Service to be eligible for any benefit under this System. other than a return of member contributions with interest at the rate of three percent per annum. (b) A member who attains eligibility for retirement under subsection (a) above on or before September 30, 2013, other than a May 1993 Member who retires prior to October 1, 2000, shall be entitled to receive upon retirement under subsection (a), a monthly pension payable for life equal to: ( 1) Three percent of the member's average monthly Salary for each year of the member's first 15 years of Creditable Service, being computed as to a part of a year on a pro rata basis to the nearest month; plus (2) Four percent of the member's average monthly Salary for each year of the member's Creditable Service in excess of 15 years, being computed as to a part of a year on a pro rata basis to the nearest month. (c) A member who does not attain eligibility for retirement under subsection (a) above on or before September 30, 2013 shall be entitled to receive upon retirement under subsection (a), a monthly pension payable for life equal to: (1) Three percent of the member's average monthly Salary for each year of the member's first 20 years of Creditable Service, being computed as to a part of a year on a pro rata basis to the nearest month; provided in no event shall a member's benefit multiplier for Creditable Service earned before October 1, 2013 be reduced; plus 3 631 (2} Four percent of the member's average monthly Salary for each year of the member's Creditable Service in excess of 20 years, being computed as to a part of a year on a pro rata basis to the nearest month. (d) For purposes of determining a member's benefit, the average monthly Salary of members who attains eligibility for retirement under subsection (a} above on or before September 30, 2015 shall be based on the average of the two highest-paid years of the member prior to the date of retirement or termination, or the average of the last two paid years of the member prior to the date of retirement or termination, whichever produces the greater benefit for members employed by the City before May 19, 1993, and shall be based on the average of the three highest paid years of the member prior to the date of retirement or termination for May 1993 Members. Effective September 30, 2015, the average monthly salary for members hired before July 14, 2010 who do not attain eligibility for retirement under subsection (a) above on or before September 30, 2015, shall be based on the greater of the average of the three highest paid years or last three (3) years of the member prior to the date of retirement or termination. Members hired on or after July 14, 2010 but prior to September 30, 2013, shall be based on the greater of the average of the three highest paid years or last three {3) years of the member prior to the date of retirement or termination. Members hired on or after September 30, 2013, shall be based on the greater of the average of the five highest paid years or last five (5) years of the member prior to the date of retirement or termination. For purposes of such calculation, Salary shall be the Salary upon which the member's contribution to the System was computed, as provided in paragraphs (1) and (2) below: Section 3. Effective Date. This Ordinance shall take effect ten days following adoption, except as otherwise specified herein. PASSED AND DULY ADOPTED by the Mayor and City Commission of the City of Miami Beach, Florida, this day of , 2014. Philip Levine Mayor ATTEST: Rafael E. Granado City Clerk 4 632 APPROVED /JS TO FOit\-\ & LANGUAGE & FOR EXECUTION ;i8/;y Date