Increase inspector general retirement plan accrual factor to four percent
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An ordinance of the mayor and city commission of the city of miami beach, florida, amending and restating the miami beach employees' retirement plan created by ordinance no. 2006-3504, as subsequently amended, by amending
01(b)(6) to provide for a four percent (4%) accrual factor for the inspector general and to provide that, as applicable to the inspector general, earnings shall include total w-2 compensation plus any other payments or allowances up to the limitations set forth in section 401(a)(17) of the internal revenue code and regulations promulgated thereunder; and providing for severability; repealing all ordinances in conflict therewith; and providing an effective date. 3:10 p.m. First reading public hearing applicable area: citywide city attorney commissioner alex fernandez resolutions - r7
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