Loading...
O-2025-011 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 ORDINANCE NO. 2025-01 AN ORDINANCE OF THE VILLAGE COUNCIL OF THE MIAMI SHORES VILLAGE, FLORIDA, AMENDING CHAPTER 18, PERSONNEL, ARTICLE III, GENERAL EMPLOYEES PENSION PLAN, AMENDING SECTION 18- 38, DEFINITIONS; AMENDING SECTION 18-43, MEMBERSHIP; AMENDING SECTION 18-45, CREDITABLE SERVICE; AMENDING SECTION 18-46, SERVICE RETIREMENT ANNUITY; AMENDING SECTION 18-51, VESTING; AMENDING SECTION 18-63,DEFERRED RETIREMENT OPTION PLAN; PROVIDING FORCONFLICT; PROVIDING FOR SEVERABILITY; PROVIDING FOR CODIFICATION; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the Village Council of Miami Shores Village, Florida (the "Village") finds it periodically necessary to amend its Code of Ordinances (the "Village Code") to update regulations and procedures to implement municipal goals and objectives; and WHEREAS, the Village has a retirement system that provide for the payment of benefits to its general employee and police retirees; and WHEREAS, it is necessary to amend the General Employees' Pension Plan to establish new regulations applicable to employees hired on or after October 1, 2024, in order to ensure the sustainability and long-term viability of the pension plan; and WHEREAS, the Village Council has reviewed the proposed amendments and found it to be in the best interest and welfare of the Village. NOW, THEREFORE, BE IT ORDAINED BY THE VILLAGE COUNCIL OF MIAMI SHORES VILLAGE, FLORIDA, AS FOLLOWS1: 1 Coding: Strikethreugh-werds are deletions to the existing words. Underlined words are additions to the existing words. Changes between first and second reading are indicated with Is tail( e and doubt riderling. Miami Shores Village Ordinance 2025-01 31 Section 1. Recitals Adopted., That the above stated recitals are hereby 32 adopted and confirmed. 33 Section 2. Amendment to the Village Code., Chapter 18, "Personnel," Article 34 III, "General Employee Pension Plan," Section 18-38 of the Village Code of Ordinances 35 is hereby amended as follows: 36 Sec. 18-38. — Definitions. 37 *** 38 Member means an active employee included in the membership of the plan, 39 or any former employee who shall have made contributions to the plan and shall not have Q received a refund, except that no employee hired prior to October 1, 2024_shall be 41 included as a member unless the employee has completed at least one year of continuous 42 service. 43 *** 44 Section 3. Amendment to the Village Code., Chapter 18, "Personnel," Article 45 III, "General Employee Pension Plan," Section 18-34 of the Village Code of Ordinances 46 is hereby amended as follows: 47 48 Sec. 18-43. — Membership. 49 50 (a) Eligibility. 51 52 (1) All employees in service on the effective date of the plan that have one year of 53 service are deemed to be members as of that date. 54 55 (2) Any person who becomes an employee after June 21, 1988_and prior to 56 October 1, 2024, shall, upon completion of one year of continuous service, 57 become a member of the plan as a condition of employment. Contributions 58 shall begin with the first payroll period after the service requirement has been 59 fulfilled, and creditable service shall then begin to accrue. 60 61 62 (3) Any person who becomes an employee on or after October 1, 2024, shall 63 immediately become a member of the plan as a condition of employment. 64 Contributions shall begin with the first payroll period of employment, and 65 creditable service shall immediately begin to accrue. 66 Miami Shores Village Ordinance 2025-01 z 67 (34_(41It shall be optional with all village employees who serve at the will of the 68 village council and who became employees prior to October 1, 2024, including 69 but not limited to the village manager, village clerk and village attorney, to be 70 excluded from the plan by filing with the pension board a written request for 71 exclusion prior to completion of one year of service from the employee's initial 72 appointment. Any such employees initially appointed on or after October 1, 73 2024, may be excluded from the plan by filing a written request for exclusion 74 within 30 days from the emplovee's initial appointment. 75 76 (5) Charter Officers, Executive Management, and Directors, as defined in the 77 Miami Shores Village personnel rules and regulations, hired after October 1, 78 2023 may opt not to participate in the plan provided that the election to opt out 79 of the plan i) shall be in writing and ii) is required to be exercised within 30 days 80 from their employment, or within 30 days of the adoption of this ordinance, if 81 later. 82 83 (6) Notwithstanding anything to the contrary, Charter Officers hired prior to 84 October 1, 2023, shall be permitted to make an irrevocable election to opt out 85 of the plan. In such event a vested Charter Officer shall be entitled to receive 86 their benefit accrued as of the opt -out date at their otherwise early or normal 87 retirement date. 88 89 (b) Designation of beneficiary. Each member shall complete a form prescribed by the 90 pension board designating a beneficiary or beneficiaries. 91 92 Section 4. Amendment to the Village Code., Chapter 18, "Personnel," Article 93 III, "General Employee Pension Plan," Section 18-45 of the Village Code of Ordinances 94 is hereby amended as follows: 95 Sec. 18-45. — Creditable service. 96 97 (a) [Computation of creditable service.] All service of a member shall count as 98 membership service, except that if any employee 99remains in the service of the Y for village ears or � 100 more, his creditable service shall be computed from his date of employment. 101 102 *** 103 104 Section 5. Amendment to the Village Code., Chapter 18, "Personnel," Article 105 III, "General Employee Pension Plan," Section 18-46 of the Village Code of Ordinances 106 is hereby amended as follows: Miami Shores Village Ordinance 2025- 01 107 Sec. 18-46 - Service retirement annuity. 108 *** 109 110 (b) Early retirement. 111 112 (1) Early retirement date. Any member may retire on his early retirement date, which shall 113 be the first day of the month coincident with or next following the attainment of age 55 114 and the completion of at least 15 years of creditable service. Early retirement under the 115 plan is retirement from service with the village on or after the member's early retirement 116 date and prior to the member's normal retirement date. 117 118 (2) Early retirement benefit. A member retiring on his early retirement date shall receive 119 either a deferred or an immediate monthly retirement benefit payable in the same form as 120 for normal retirement as follows: 121 122 a. A deferred monthly retirement benefit, which shall commence on what would have been 123 his normal retirement date had he continued employment with the village as an employee 124 and shall be continued on the first day of each month thereafter. The amount of each 125 such deferred monthly retirement benefit shall be determined in the same manner as for 126 retirement on his normal retirement date except that credited service and average final 127 compensation shall be determined as of the member's early retirement date; or 128 129 b. An actuarially reduced monthly retirement benefit, equal to the actuarial value of the 130 member's deferred normal retirement benefit .atF2 sue y�age ' 1316644- which shall commence on the member's early retirement date and shall be 132 continued on the first day of each month thereafter. Iheb..''S 133trminatl in":srbsona3Mb'6ug, 134 *** 135 136 Section 6. Amendment to the Village Code., Chapter 18, "Personnel," Article 137 III, "General Employee Pension Plan," Section 18-51 of the Village Code of Ordinances 138 is hereby amended as follows: 139 Sec. 18-51. — Vesting. 140 ta)_" a member has tend " ` ` or more years of credited 141 service upon separation from service, then the member shall be entitled to a 142 service retirement annuity, determined in the same manner as for normal or early 143 retirement and based upon the member's credited service, average final 144 compensation, and the benefit accrual rate as of the date of the member's 145 separation from service, commencing on the member's otherwise normal or early 146 retirement date, provided the member does not elect to withdraw his accumulated Miami Shores Village Ordinance 2025-01 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 contributions and provided further that the member survives to his otherwise normal or early retirement date. If the member does not withdraw his accumulated contributions and does not survive to his otherwise normal or early retirement date, then his designated beneficiary shall be entitled to a benefit as provided for by the plan. ,Section 7. Amendment to the Village Code., Chapter 18, "Personnel," Article III, "General Employee Pension Plan," Section 18-63 of the Village Code of Ordinances is hereby amended as follows: Sec. 18-63. — Deferred retirement option plan. (a) A deferred retirement option plan (DROP) is hereby adopted and shall be administered by the board. Any member who is eligible for normal retirement under the plan may elect to defer receipt of the member's service retirement annuity and to participate in the DROP. Participation in the DROP shall be limited to five eight years. The five-year eight -year participation period shall be measured from the actual retirement of the member. Section 8. Conflicting Provision., Any provisions of the Code of Ordinances of Miami Shores Village, Florida, in conflict with the provisions of this Ordinance are hereby repealed, but only to the extent of such conflict. Section 9. Severability. The provisions of this Ordinance are declared to be severable and if any section, sentence, clause, or phrase of this Ordinance shall, for any reason, be held to be invalid or unconstitutional, such decision shall not affect the validity of the remaining sections, sentences, clauses, and phrases of this Ordinance, but they shall remain in effect, it being the legislative intent that this Ordinance shall stand notwithstanding the invalidity of any part Miami Shores Village Ordinance 2025-01 5 179 Section 10. Codification. It is the intention of the Village Council and it is hereby 180 ordained that the provisions of this Ordinance shall become and be made a part of the 181 Code of Ordinances of the Miami Shores Village, Florida, that the sections of this 182 Ordinance may be renumbered or re -lettered to accomplish such intentions, and that the 183 word "Ordinance" shall be changed to "Section," or other appropriate word. 184 Section 11. Effective Date. That this Resolution shall take effect immediately 185 upon the adoption hereof. 186 187 PASSED AND ADOPTED this 7 day of January, 2025. 188 189 190 191 192 193 194 195 ATTEST: 196 197 198 Ysabely R I age Clerk 199 200 201 Gam, � V-11� Ica Mayor Geor Burch 202 APPROVE AS TO FORM AND LEGAL SUFFICIENCY: 203 204 205 206 207 ;`Village Attorney 208 Weiss Serota Helfman Cole & Bierman P.L. 209 210 211 212 Miami Shores Village Ordinance 2025- 01 FINAL VOTES AT ADOPTION Council Member Neil Cantor YES Council Member Jerome Charles YES Council Member Sandra Harris NO YES Vice Mayor Jesse Valinsky NO Mayor George Burch 213 214 215 Miami Shores Village Ordinance 2025- 01