Ord No 01-17-2271ORDINANCE NO. 01-17-2271
An Ordinance amending the South Miami Pension Plan to implement the
Collective Bargaining Agreement between the City of South Miami and Dade
County Police Benevolent Association Lieutenants and Captains by
amending Chapter 16, Article II, Section 16-12, "Definitions" of Annual
Compensation and final average compensation, as it applies to the Police
Lieutenants and Police Captains and by Adding A Definition by amending
Sec. 16-19, "Contributions" to place a limit on the total contributions made
in any fiscal year by Police Lieutenants and Police Captains; and amending
Chapter 16, Article II Section 16-23(a)(2) to clarify how certain payments are
to be treated under Section 415(b) of the Internal Revenue Code and
amending Chapter 16, Article II, by creating Section 16-27, "Preservation of
Benefits Plan."
WHEREAS, the City of South Miami and the Dade County Police Benevolent
Association Lieutenants and Captains have entered into a new Collective Bargaining
Agreement ("Agreement"), effective October 1, 2015 to September 30, 2018; and
WHEREAS, it is the purpose and intention of the Agreement to provide for salaries,
fringe benefits and other terms and conditions of employment except as otherwise provided
by Constitution, Statute, Charter, Ordinance, Administrative Order or Personnel Rules and
Regulations; and
WHEREAS, Florida law requires that if any provIsion of a collective bargaining
agreement is in conflict with any ordinance over which the chief executive officer has no
amendatory power, the chief executive officer shall submit to the appropriate governmental
body having amendatory power a proposed amendment to such ordinance; and
WHEREAS, the City Commission wishes to change the terms of the South Miami
Pension Plan to effectuate the changes called for in the Agreement; and
WHEREAS, the City is desirous of creating a preservation of benefits plan to provide
for the payment of benefits that may be in excess of the limitations imposed by section 415(b)
of the Internal Revenue Code; and
WHEREAS the City is desirous of clarifying how COLA and other payments are to be
treated for purposes of determining the limitations imposed by section 415(b) of the Internal
Revenue Code; and
WHEREAS, the City Commission has received and reviewed an actuarial impact
statement related to such amendments; and
WHEREAS, the City Commission deems it to be in the public interest to provide these
changes to the pension plan;
1
Ord. No. 01-17-2271
NOW, THEREFORE, BE IT HEREBY ORDAINED BY THE MAYOR AND CITY
COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA, THAT:
Section 1: That Chapter 16 Article II, Section 16-12, "Definitions" of the City of
South Miami Code of Ordinances is hereby amended by amending the definition of
annual compensation as follows:
Annual compensation shall mean base wages and salaries, including
hazardous pay, overtime pay, vacation, sick leave, holiday· pay, clothing allowance,
educational incentive and extra duty pay. However, for compensation earned by police
officers or sergeants on or after October 1, 2011,· or for compensation earned by
lieutenants and captains on or after October 1, 2016, the maximum amount of
overtime hours that may be used to determine annual compensation for calculating
retirement benefits for anyone (1) fiscal year shall not exceed three hundred (300)
hours. Additionally, for police officers and sergeants, payments for accrued unused
sick leave or accrued unused annual leave earned on or after October 1, 2011, and
payments for extra duty or special detail work for a second party employer, performed
on or after October 1, 2011, shall not be considered a part of their annual
compensation for purposes of calculating their retirement benefits. Additionally, for
lieutenants and captains, payments for accrued unused sick leave or accrued unused
annual leave earned on or after October 1,2016, shall not be considered a part of their
annual compensation for purposes of calculating their retirement benefits. In addition,
shift differential pay, assignment pay and bonuses for police officers and sergeants
shall not be considered a part of their annual compensation for purposes of calculating
their retirement benefits. Any additional or other forms of pay not specifically
mentioned hereinabove, for any and all employees, shall be excluded from the
definition of annual compensation. Additionally, for compensation earned by general
employees, on or after October 1, 2011, annual compensation excludes commissions,
overtime pay, bonuses and any other forms of additional compensation earned outside
of base wages.
Section 2: That Chapter 16 Article II, Section 16-12, "Definitions" of the City of South
Miami Code of Ordinances is hereby amended by amending the definition of average final
compensation as follows:
Final average compensation shall mean the participant's annual compensation, as
determined by the employer, acting in a uniform and nondiscriminatory manner. For general
employees, except for Second Tier Members, and AMSC Members effective October 1,
2011, final average compensation shall be averaged over the last five-year period, provided
however final average compensation over the last five-year period shall not be less than the
final average compensation as of September 30, 2011, under the definition of final average
compensation which existed as of September 30, 2011. For Second Tier Members, final
average compensation will be the average of the highest eight (8) years of credited service.
For AMSC Members, final average compensation will be the average of the highest eight (8)
years of credited service. In the event an AMSC Member has less than eight (8) years of
credited service, final average compensation will be the average of all the participant's annual
2
Ord. No. 01-17-2271
compensation over the period for which the Member received credited service. For Police
Officers members covered under the police officers and sergeants collective bargaining
agreement, final average compensation shall be the best five-year period of the Police
Officer's or sergeant's career with the City of South Miami, provided however that for police
officers and Sergeants, final average compensation over the best five-year period shall not
be less than the final average compensation as of September 30, 2011, under the definition
of final average compensation which existed as of September 30, 2011. Provided further that
for Police Lieutenants and Police Captains, final average compensation over the best five-
year period shall not be less than the final average compensation as of September 30, 2016,
under the definition of final average compensation which existed as of September 30,
2016.The best five (5) years is defined as the highest five (5), twenty-six (26) consecutive pay
periods within a police officers career and such consecutive year periods shall not overlap
one another. For all other members, final average compensation shall be averaged over the
last three year period but not less than the average of the participant's five (5) best years of
annual compensation during the last ten (10) years of service. For all members final average
compensation will end on the participant's retirement date, date of disability, date of
termination of employment or the date of termination of the plan, whichever is applicable.
Section 3: That Chapter 16 Article II, Section 16-12, "Definitions" of the City of South
Miami Code of Ordinances is hereby amended by adding the definition of police officer as
follows;
Police Officer generally means all sworn police personnel, of whatever rank, provided
however, where different rights and benefits are afforded to Police Captains and Police
Lieutenants, the Plan may specifically apply those rights and benefits to Police Lieutenants or
Captains.
* * *
Section 4. That Chapter 16 Article II, Section 16-19, Contributions, is amended to
read as follows:
a) Each participant, except as otherwise provided herein, shall contribute in each ealendar
year towards the cost of the participant's pension an amount equal to three (3) percent of the
participant's earnings. Except as otherwise provided herein, no participant shall make any
contributions toward the cost of any past service pension to which the participant is entitled
under this plan. The employer shall contribute the balance of the cost, actuarially determined,
of providing the benefits of the plan. The employer's contributions shall be deposited into the
pension plan on at least a quarterly basis. Effective October 1, 1995, the pension contribution
for all general employee participants, including those general employees that are now
members of the retirement system, shall be increased from three (3) percent to five (5)
percent of earnings. Effective October 1, 2001, the pension contribution for all general
employee participants, including those general employees that are now members of the plan,
shall be increased from five (5) percent to seven (7) percent of earnings. Police officer
participant including bargaining unit employees, that are now members of the plan and any
police officers who join the plan in the future shall, effective October 1, 1993, have their
contribution increased from three (3) percent to five (5) percent of earnings. Effective October
1, 2001, police officer participants shall contribute 7.5 percent of earnings.
3
Ord. No. 01-17-2271
(1) General employee participants. Should the employer's annual contribution be
actuarially determined to exceed twelve (12) percent, both the employer and the participants
shall share equally the amount in excess of twelve (12) percent for that fiscal year Effective
October 1, 2005, should the total participant and employer's annual contribution be actuarially
determined to exceed fourteen (14) percent, both the employer and the general employee
participants shall share equally the amount in excess of fourteen (14) percent for that fiscal
year. Notwithstanding the above, the maximum general employee contribution rate will be
10% of earnings for fiscal years beginning on or after October 1, 2016.
(2) Police officer participants. Effective October 1, 2004, if the total Pf}olice Oefficer
participants contributions' and employer'§. contribution exceeds fifteen (15) percent of covered
police payroll for any fiscal year, the excess over fifteen (15) percent shall be shared equally
by the employer and Police Officer participants, provided however, that effective October 1,
2016, Police Lieutenants and Police Captains shall have their contributions capped at 12% of
earnings. Police Officer participant contributions shall be deposited in the plan immediately
after each pay period. Effective October 1, 2001 an amount actuarially determined, to provide
for certain minimum benefits required by Chapter 185, F.S. shall be paid from the South
Miami Police Officers Retirement Trust Fund to the plan each year, regardless of the growth
or diminution in future Chapter 185, F.S. funds.
(3) Second Tier Member participants. Second Tier Members shall contribute three (3)
percent of earnings.
(4) AMSC Member participants in the South Miami Pension Plan. AMSC Members shall
contribute seven (7) percent of earnings.
(5) General employees and AMSC Member participants in the defined contribution plan of
the City of South Miami referenced in Section 16-13 above. General employees and AMSC
Member participants in the defined contribution plan of the City of South Miami referenced in
Section 16-13 above shall contribute a minimum of three (3) percent of earnings. The City of
South Miami shall contribute seven (7) percent of earnings.
illl [Other participants.] Effective October 1, 2009, and for one (1) fiscal year thereafter
participant contributions for the following employee designations shall be reduced from the
above calculated percentages by two (2) percentage points:
(a) Nonbargaining unit employees.
(b) Members of the AFSME bargaining unit.
(c) Members of the police lieutenants and captains bargaining unit.
ill 415(c) Limitations. To the extent applicable, all employee contributions shall be in
accordance with Subsection 415(c) of the Internal Revenue Code and all regulations
thereunder, which subsections and regulations are incorporated herein by reference.
4
Ord. No. 01-17-2271
(b) All amounts paid by the employer to the insurance company in accordance with this plan
shall represent irrecoverable contributions, except as may be otherwise provided in
subsection 16-22(b).
(c) The employer shall pay the reasonable expenses of the pension board, including any
expenses for legal and actuarial services.
Section 5. That Chapter 16 Article II, Section 16-23 (a)(2), "Compliance with
Internal Revenue Code" shall be amended to provide as follows:
(2) "Annual pension" means the sum of all annual benefits, payable in the form of a
straight life annuity. Benefits payable in any other form shall be adjusted to the larger of:
a. For limitation years beginning on or after July 1, 2007
(I) The straight life annuity (if any) payable to the member under the plan
commencing at the same annuity starting date as the member's form of benefit, or
(II) The actuarially equivalent straight life annuity commencing at the same
annuity starting date, computed using a 5.00 percent interest rate and the mortality
basis prescribed in Code Section 415(b )(2)(E)(v).
b. For limitation years beginning before July 1,2007.
(I) The actuarially equivalent straight life annuity commencing at the same
annuity starting date, computed using the interest rate and mortality basis specified by
the board of trustees for determining actuarial equivalence under the plan for the
particular form of payment, or
(II) The actuarially equivalent straight life annuity commencing at the same
annuity starting date, computed using a 5.00 percent interest rate and the mortality
basis prescribed in Code Section 415(b)(2)(E)(v).
No actuarial adjustment to the benefit shall be made for benefits that are not directly
related to retirement benefits (such as a qualified disability benefit, preretirement incidental
death benefits, and postretirement medical benefits); or the inclusion in the form of benefit of
an automatic benefit increase feature, provided the form of benefit is not subject to Section
417(e)(3) of the Internal Revenue Code and would otherwise satisfy the limitations of this
Subsection (a), and the amount payable under the form of benefit in any Limitation Year shall
not exceed the limits of this subsection (a) applicable at the annuity starting date, as
increased in subsequent years pursuant to Section 415(d) of the Code.
For this purpose, the dollar limit of section 415(b) of the Code shall be automatically adjusted
beginning with the first limitation year following a Member's severance of employment, in
accordance with Section 415(d) of the Code. For this purpose, an automatic benefit increase
5
Ord. No. 01-17-2271
feature is included in a form of benefit if the form of benefit provides for automatic, periodic
increases to the benefits paid in that form.
Section 6. That Chapter 16 Article II, Section 16-27, "Preservation of Benefit Plan"
of the City of South Miami Code of Ordinances is hereby created by adding as follows:
"Preservation of Benefits Plan"
members:
(1) There is hereby created a preservation of benefits plan for AMSC
(2) Definitions.
Maximum benefit means the retirement benefit an AMSC member is
entitled to receive from the retirement system in any month after giving effect to
any provision of a qualified plan designed to conform to section 415 of the
Internal Revenue Code of 1986, as amended.
Excess benefit participant means any AMSC member whose retirement
benefit is determined on the basis of the retirement system without regard to
limitations set forth in this division that exceed the maximum benefit under
section 415 of the Internal Revenue Code of 1986, as amended.
Preservation of benefits plan means the unfunded plan created by the
City of South Miami to provide benefits to AMSC members that would be
provided under the retirement system, but for the limitations imposed by section
415 of the Internal Revenue Code of 1986, as amended.
Unrestricted benefit means the monthly retirement benefit, including, but
not limited to, periodic increases provided in Sec. 16-14(b)(4) that an AMSC
member, spouse of an AMSC member, child of an AMSC member or other
beneficiary of an AMSC member, would receive under the terms of the South
Miami Pension Plan, except for the restrictions contained in this division.
(2) Excess Retirement Benefits.
The excess retirement benefits above the limits permitted by the Internal
Revenue Code shall be as follows:
(a) Funded from the general fund of the City of South Miami; and
(b) Paid annually concurrently with the City of South Miami's annual
contribution to normal pension costs, which shall cause the City of
6
Ord. No. 01-17-2271
South Miami to realize a reduction in normal pension costs in the
same amount; and
(c) Be deposited into a separate account established to receive the
City of South Miami's excess retirement benefit contributions,
which accounts shall be separate and apart from the accounts
established to receive the City of South Miami's· normal pension
contribution for the South Miami Pension Plan.
(3) Administration of the Preservation of Benefits Plan.
(a) The Board of Trustees of the South Miami Pension Plan is
appointed as the committee to administer the Preservation of
Benefits Plan for the retirees.
(b) The actuaries for the South Miami Pension Plan shall calculate
the amounts necessary to fund the defined benefit plan giving
effect to the red uctions caused by implementation of Section 415
of the Internal Revenue Code.
(4) Payment of Excess Benefit.
(a) The unrestricted excess benefits shall be paid to each eligible
excess benefit participant on a monthly basis in an amount equal
to the difference between the allowable pension to be paid under
the Internal Revenue Code and the amount of the defined benefit
that would otherwise be paid if not for the benefit limitations.
(b) Should additional retirements occur during the year where the
eligible member's retirement benefit exceeds the Section 415
limits, the Board of Trustees of the South Miami Pension Plan
shall calculate the additional excess benefit amount required for
the remainder of the fiscal year and should such amount exceed
the amount available from the funds provided for the fiscal year,
the Board of Trustees shall notify the City of South Miami of the
additional funds required. Upon the City of South Miami's receipt
of notice of the additional funds required, the City of South Miami
shall forward the additional funds required. The requirement for
additional funds paid by the City of South Miami shall be reflected
7
Ord. No. 01-17-2271
(5) Intent.
as a reduction in the City of South Miami's. contribution of normal
pension costs for the following year.
IRC Section 415(m). This Preservation of Benefits Plan is
intended . to be a "qualified governmental excess benefit
arrangement" described in Section 414(m) of the Internal
Revenue Code and shall be administered in a manner consistent
with those requirements.
Section 6. Rules of Construction. This ordinance will be construed in accordance
with Florida statutory law and Florida case law.
Section 7. Codification. The provisions of this ordinance shall become and be
made part of the Code of Ordinances of the City of South Miami as amended; that the
sections of this ordinance may be renumbered or re-Iettered to accomplish such intention;
and that the word "ordinance" may be changed to "section" or other appropriate word.
Section 8. Severability. If any section, clause, sentence, or phrase of this ordinance
is for any reason held invalid or unconstitutional by a court of competent jurisdiction, this
holding shall not affect the validity of the remaining portions of this ordinance.
Section 9. Ordinances in Conflict. All ordinances or parts of ordinances and all
section and parts of sections of ordinances in direct conflict herewith are hereby repealed.
Section 10. Effective Date. This ordinance shall become effective upon enactment.
PASSED AND ENACTED this 17th day of January ,2017.
1st Reading _ 12/20/16
2nd Reading -1 /1 7/1 7
8
COMMISSION VOTE: 5-0
Mayor Stoddard: Yea
Vice Mayor Welsh: Yea
Commissioner Edmond: Yea
Commissioner Harris: Yea
Commissioner Liebman: Yea
_ (7)--(Jsouth~iami CITY OF SOUTH MIAMI
THE CITY OF PLEASANT LIVING
OFFICE OF THE CHIEF FINANCIAL OFFICER
INTER-OFFICE MEMORANDUM
To:
From:
Date:
Subject:
The Honorable Mayor & Members ofthe City Commission
Steven Alexander, City Manager
December 20·, 2016
An Ordinance amending the South Miami Pension Plan to implement the
Collective Bargaining Agreement between the City of South Miami and Dade
County Police Benevolent Association lieutenants and Captains by amending
Chapter 16, Article II, Section 16-12, ({Definitions" of Annual Compensation and
final average compensation, as it applies to the Police lieutenants and Police
Captains and by Adding A Definition by amending Sec. 16·19, "Contributions"
to place a limit on the total contributions ma~e in any fiscal year by Police
lieutenants and Police Captains; and amending Chapter 16, Article 16 Section
16·23 (01)(2) to clarify how certain payments are to be treated under Section
41S(b) of the ~nternal Revenue Code and amending Chapter 16, Article Ii, by
creating Section 16·27, "Preservation of Benefits Plan".
Please find attached a proposed Ordinance for the City's Mayor and Commission's review and
adoption. The intended purpose is to codify the pension revisions which were agreed upon and
ratified in the most recently adopted Collective Bargaining Agreement between Miami-Dade
County Police Benevolent Association Upper-Collective Bargaining Union (Lieutenant &
Captains) and the City of South Miami.
Furthermore, the City has included within the proposed Ordinance a Preservation of Benefits
Plan section which has the intent of not providing for or reducing any benefit; the section·
serves to protect the benefits promised to pension participates as part of the City's retirement
pension program.
The City's Pension Attorney helped prepare the revisions for which are being presented under
strikethroughs and underlines within the propo5ed Ordinance and the PBA's attorney have
reviewed and approved all changes and confirmed they are consistent with what was agreed·
upon as part of the new executed. union agreement between Miami-Dade County Police
Benevolent Association Upper-Collective Bargaining Union (Lieutenant & Captains) and the City
of South Miami.
GRS Gabriel Roedel' Smith & Company
Consultants & Al:tuari.cs
January 12,2017
Pension Board
South Miami Pension Fund
c/o Ms. Kyle Tintle
Pension Administrator
The Resource Centers, LLC
4360 Northlake Boulevard, Suite 206
Palm Beach Gardens, Florida 33410
Re: South Miami Pension Plan
Actuarial Impact Statement
Dear Kyle:
One East I1roward Blvd.
Suite S05
Ft. Lauderdale, FL 33301·1804
954.527.1616 phone
9.54.52.5.0083 fax
W\'I'w.gllbrielrocder.com
As requested, we are pleased to enclose three (3) copies of an Actuarial Impact Statement
as of October 1, 2015 for the Proposed Ordinance under the South Miami Pension Plan
(Plan) with the State of Florida (copy enclosed).
Background -For Police Lieutenants and Police Captains there is currently:
• No cap on employee contributions.
• Final Average Compensation is 1/36th of the final 36 consecutive months of
compensation.
• There is no Ordinance limit on the number of overtime hours included in
pensionable pay for each fiscal year of pay.
Proposed Ordinance -The proposed Ordinance:
~ For Police Lieutenants and Police Captains
o Cap employee contributions at twelve percent (12%) of pensionable pay.
o Final Average Compensation shall be best five-year average but not less
than Final Average Compensation as of September 30, 2016.
o Overtime hours included in pensionable pay capped at three hundred (300)
hours each fiscal year.
o Clarifies payments for accrued unused sick leave or accrued unused
annual leave earned on or after October 1, 2016, shall not be considered
pensionable compensation.
~Creation of Preservation o(Benefits Plan
o Provides for a Plan to pay retirement benefits, if any, earned in excess of
limits permitted by Section 415 of the Internal Revenue Code.
Ms. Ms. Kyle Tintle
January 12,2017
Page Two
Results -The following sets out the projected changes in the minimum annual required
contributions for the City and Police Officers as a dollar amount and as a percentage of
covered annual payroll.
Item
opose r inance
Incremental
Reduction in Net
City Annual
Required
Contribution
$ 1,145
(0.0%)
Incremental
Reduction in Police
Officer Annual
Contribution
$ 1,145
(0.0%)
Filing Requirements -We have prepared the Actuarial Impact Statement for filing with
the State of Florida. Please note that this Statement must be signed and dated on behalf
of the Board of Trustees. Copies of the Ordinance upon passage at first reading along
with the signed and dated Actuarial Impact Statement are generally required to be filed
with the State at the following address:
Mr. Douglas E. Beckendorf, A.S.A.
Bureau of Local Retirement Services
Division of Retirement
Building 8
Post Office Box 9000
Tallahassee, Florida 32315-9000
We understand the State requires funding no later than the fiscal year next following the
effective date of any increase in costs resulting from the proposed Ordinance.
Please forward a copy of the Ordinance upon passage at second reading to update our
files. .
Actuarial Assumptions and Methods. Plan Provisions. Financial Data. Member
Census Data -The actuarial assumptions and methods, financial data and member
census data employed for purposes of our Actuarial Impact Statement are the same
actuarial assumptions and methods, financial data and member census data to be utilized
for the October 1, 2015 Actuarial Valuation unless otherwise specified herein.
Based upon overtime pay reported by the City overtime pay reported for the October 1,
2015 Actuarial Valuation was less than three hundred (300) hours. We assumed this
pattern would continue in the future.
We understand unused sick leave and / or accrued unused annual leave was not
considered pensionable earnings prior to the proposed Ordinance.
Gabriel Roeder Smith & Company
Ms. Ms. Kyle Tintle
January 12,2017
PageThree '
Plan provisions employed for purposes of our Actuarial Impact Statement are the same
Plan provisions to be utilized for the October 1, 2015 Actuarial Valuation as modified
above.
This Actuarial Impact Statement is intended to describe the estimated future financial
effects of the proposed Plan provision changes on the Plan, and is not intended as a
recommendation in favor of the benefit changes or in opposition of the Plan provision
changes.
If all actuarial assumptions are met and if all future minimum required contributions are
paid, Plan assets will be sufficient to pay all Plan benefits. Plan minimum required
contributions are determined in compliance with the requirements of the Florida
Protection of Public Employee Retirement Benefits Act with normal cost determined as a
level percent of covered payroll and a level dollar amortization payment using a
maximum amortization period of25 years.
The Unfunded actuarial liabilities (UAL) shown on page 2 item ,6 of the enclosed exhibits
may not be appropriate for assessing the sufficiency of Plan assets to meet the estimated
cost of settling benefit obligations but may be appropriate for assessing the need for or
the amount of future contributions. The UAL would be different ifit reflected the market
value of assets rather than the smoothed actuarial value of assets.
These calculations are based upon assumptions regarding future events. However, the
Plan's long term costs will be determined by actual future events, which may differ
materially from the assumptions made. These calculations are also based upon present
Plan provisions that are referenced in this Actuarial Impact Statement.
If you have reason to believe the assumptions used are unreasonable, the Plan provisions
are incorrectly described as referenced, important Plan provisions relevant to this
proposed Actuarial Impact Statement are not described or that conditions have changed
since the calculations were made, you should contact the undersigned prior to relying on
information in this Actuarial Impact Statement.
Future actuarial measurements may differ significantly from the current measurements
presented in this report due to such factors as the following: Plan experience differing
from that anticipated by the economic or demographic assumptions; changes in economic
or demographic assumptions; increases or decreases expected as part of the natural
operation of the methodology used for these measurements (such as the end of an
amortization period); and changes in Plan provisions or applicable law. Due to the
limited scope of the actuary's assignment, the actuary did not perform an analysis of the
potential range of such future measurements.
Gabriel Roeder Smith & Company
Ms. Ms. Kyle Tintle
January 12,2017
Page Four
This Actuarial Impact Statement should not be relied on for any purpose other than the
purpose described in the primary communication. Determinations of the financial results
associated with the benefits described in this report in a manner other than the intended
purpose may produce significantly different results.
This Actuarial Impact Statement has been prepared by actuaries who have substantial
experience valuing public employee retirement plans. To the best of our knowledge the
information contained in this report is accurate and fairly presents the actuarial position
of the Plan as of the Actuarial Impact Statement date. All calculations have been made in
conformity with generally accepted actuarial principles and practices, with the Actuarial
Standards of Practice issued by the Actuarial Standards Board and with applicable
statutes.
This Actuarial Impact Statement may be provided to parties other than the Board only in
its entirety and only with the permission of an approved representative of the Board.
The signing actuaries are independent of the Plan sponsor.
If you have reason to believe that the information provided in this Actuarial Impact
Statement is inaccurate, or is in any way incomplete, or if you need further information in
order to make an informed decision on the subject matter of this report, please contact the
undersigned prior to making such decision.
The undersigned are Members of the American Academy of Actuaries and meet the
Qualification Standards of the American Academy of Actuaries to render the actuarial
opinion contained herein.
If you should have any question concerning the above or if we may be of further
assistance with this matter, please do not hesitate to contact us.
Sincerest regards,
~,~.U~
Lawrence F. Wilson, E.A., A.S.A.
Senior Consultant and Actuary
Enclosures
Kelly L. Adams, E.A., A.S.A.
Consultant and Actuary
Gabriel Roeder Smith &. Company
South Miami Pension Plan
Actuarial Impact Statement as of October 1, 2015
A. Description of Proposed Amendment
Police Lieutenants and Police Captains
Pay for overtime hours capped at three hundred (300) hours per fi~cal year on or after October 1,2016.
Final Average Compensation is best five-year average not less than the Final Average Compensation as of
September 30, 2016.
Employee contributions capped at twelve percent (12%) effective October 1,2016.
Clarifies pay for unused sick and / or accrued leave shall not be included in pensionable pay.
Creation of Preservation o[Bene(its Plan
Provides for a Plan to pay retirement benefits, if any, earned in excess of limits permitted by Section 415 of the
Internal Revenue Code.
B. An estimate of the cost of implementing this amendment (see attachment)
C. In my opinion, the proposed changes are in compliance with Part VII, Chapter 112, Florida
Statute Section 14, Article of the State Constitution.
,
Date .
South Miami Pension Plan
Actuarial Impact Statement as of October 1, 2015
(Police Officers)
Proposed
Valuation Ordinance
10/0112015 10/0112015
A. Participant Data
1. Active participants 48 48
2. Retired participants and beneficiaries
receiving benefits 16 16
3. Disabled participants receiving benefits 0 0
4. Terminated vested participants 4 4
5. Annual payroll of active participants $ 3,229,332 $ 3,229,332
6. Expected payroll of active employees for the
following year $ 3,316,524 $ 3,316,524
7. Annual benefits payable to those currently
receiving benefits $ 622,523 $ 622,523
B. Assets
1. Market Value of Assets $ 18,502,750 $ 18,502,750
2. Smoothed Actuarial Value of Assets $ 18,525,155 $ 18,525,155
c. Liabilities
1. Actuarial present value of future expected benefit
payments for active members
a. Retirement benefits $ 14,351,993 $ 14,333,012
b. Vesting benefits 1,220,015 1,220,015
c. Death benefits 52,330 52,330
d. Disability benefits 366,920 366,368
e. Refunds 270,621 270,621
f. Total $ 16,261,879 $ 16,242,346
2. Actuarial present value of future expected benefit
payments for terminated vested members $ 729,062 $ 729,062
-1-
Gabriel Roeder Smith & Company
South Miami Pension Plan
Actuarial Impact Statement as of October 1,2015
(Police Officers)
3. Actuarial present value of future expected benefit
payments for members currently receiving benefits
a. Service retired $
b. Disability retired
c. Beneficiaries
d. Miscellaneous
e. Total $
4. Total actuarial present value of future
expected benefit payments $
5. Actuarial accrued liabilities $
6. Unfunded actuarial liabilities $
D. Statement of Accumulated Plan Benefits
1. Actuarial present value of accumulated
vested benefits
a. Participants currently receiving benefits $
b. Other participants
c. Total $
2. Actuarial present value of accumulated non-
vested plan benefits
3. Total actuarial present value of accumulated
plan benefits $
-2-
Valuation
10/0112015
7,692,059
0
0
75,355
7,767,414
24,758,355
20,715,579
2,190,424
7,692,059
7,964,322
15,656,381
1,623,447
17,279,828
Gabriel Roeder Smith & Company
$
$
$
$
$
$
$
$
Proposed
Ordinance
10/0112015
7,692,059
0
0
75,355
7,767,414
24,738,822
20,696,839
2,171,684
7,692,059
7,964,322
15,656,381
1,623,447
17,279,828
South Miami Pension Plan
Actuarial Impact Statement as of October 1, 2015
(Police Officers)
Valuation
10/0112015
E. Pension Cost
1. Total normal cost (including expenses) $ 629,716
2. Payment required to amortize unfunded liability 189,592
3. Interest adjustment 29,809
4. Total required contribution $ 849,117
5. Item 4 as a percentage of payroll 26.3%
6. Estimated member contributions $ 377,353
7. Item 6 as a percentage of payroll 11.4%
8. Estimated State contributions $ 37,780
9. Item 8 as a percentage of payroll 1.1%
10. Net amount payable by City $ 456,910
11. Item 10 as a percentage of payroll 13.8%
F. Disclosure of Following Items:
1. Actuarial present value of future salaries -attained age $ 22,978,643
2. Actuarial present value of future employee contributions
-attained age $ 1,723,398
3. Actuarial present value offuture contributions
from other sources N/A
4. Amount of active members' accumulated contributions $ 3,508,610
5. Actuarial present value of future salaries and
future benefits at entry age N/A
6. Actuarial present value of future employee
contributions at entry age N/A
I Percent of expected 2016-2017 covered payroll ($3,316,524)
-3-
Gabriel Roeder Smith & Company
$
$
$
$
$
$
$
$
Proposed
Ordinance
10/0112015
629,319
188,485
29,084
846,888
26.2%
376,208
11.3%
37,780
1.1%
455,765
13.7%
22,978,643
1,723,398
N/A
3,508,610
N/A
N/A
South Miami Pension Plan
Actuarial Im[!act Statement as of October Il 2015
Remaining
Unfunded Actuarial Current Unfunded Amortization Funding
Accrued Liabilities -Police Liabilities Payment Period
10/0112013 Combined Bases * (39,803) (5,250) 9 years
10/0111995 Actuarial Loss (Gain) (112,263) (13,605) 10 years
10/0111995 Plan Amendment 161,155 19,530 10 years
10/0111996 Actuarial Loss (Gain) (67,550) (7,596) 11 years
10/0111997 Actuarial Loss (Gain) (134,458) (14,146) 12 years
10/0111998 Actuarial Loss (Gain) (223,284) (22,126) 13 years
10/0111999 Actuarial Loss (Gain) (73,919) (6,939) 14 years
10/0111999 Plan Amendment 97,388 9,143 14 years
10/01/2001 Actuarial Loss (Gain) 845,048 72,219 16 years
10/01/2001 Method Change (425,006) (36,322) 16 years
10/0112001 Plan Amendment 664,956 56,828 16 years
10/0112002 Actuarial Loss (Gain) 651,880 53,469 17 years
10/0112002 Plan Amendment 162,795 13,353 17 years
10/01/2003 Actuarial Loss (Gain) 485,723 38,364 18 years
10/01/2003 Plan Amendment 205,317 16,217 18 years
10/0112004 Actuarial Loss (Gain) 120,030 9,156 19 years
10/01/2004 Plan Amendment 187,023 14,266 19 years
10/01/2005 Actuarial Loss (Gain) (379,447) (28,026) 20 years
10/01/2006 Actuarial Loss (Gain) 783,740 56,184 21 years
10/01/2006 Assumption Change 332,962 23,869 21 years
10/0112007 Actuarial Loss (Gain) (321,441) (22,412) 22 years
10/0112008 Actuarial Loss (Gain) 151,426 10,289 23 years
10/0112009 Actuarial Loss (Gain) 333,489 22,119 24 years
10/01/2009 Assumption Change / Plan Amendment 479,013 31,771 24 years
10/01/2010 Actuarial Loss (Gain) 121,704 7,892 25 years
10/0112010 Assumption Change / Plan Amendment 1,178,980 76,456 25 years
10/01/2011 Actuarial Loss (Gain) (786,518) (49,941) 26 years
10/0112011 Assumption Change / Plan Amendment (229,704) (14,585) 26 years
10/0112012 Actuarial Loss (Gain) 182,889 11,385 27 years
10/0112012 Assumption Change (876,081) (54,539) 27 years
10/0112013 Actuarial Loss (Gain) (499,367) (30,516) 28 years
10/0112014 Actuarial Loss (Gain) (475,853) (28,577) 29 years
10/0112015 Actuarial Loss (Gain) (310,400) (18,338) 30 years
10/0112015 Proposed Ordinance (18,740) (1,107) 30 years
TOTAL $ 2,171,684 $ 188,485
* Combined per Internal Revenue Code Regulation 1.412(b )-1
This actuarial valuation and/or cost determination was prepared and completed by me or under my direct
supervision, and I acknowledge responsibility for the results. To the best of my knowledge, the results are
complete and accurate, and in my opinion, the techniques and assumptions used are reasonable and meet the
requirements and intent of Part VII, Chapter 112, Florida Statutes. Based upon our understanding of the plan,
there is no benefit or expense to be provided by the plan and/or paid from the plan's assets for which liabilities or
current costs have not been established or other wise provided for in the valuation. All known events or trends
which may require material increase in plan costs or required contribution rates have been taken into account in
the valuation.
Enrollment Number: 14-02802
Dated: January 12,2017
_d:.~.~~_
Lawrence F. Wilson, A.S.A.
-4-
Gabriel Roeder Smith & Company
South Miami Pension Plan
Outline of Principal Provisions of the Retirement Plan
A. Effective Date:
October 1, 1965. Most recently amended by Ordinance 22-16-2255 adopted September 20,2016.
B. Eligibility Requirements:
1. General Employees
Any regular full-time employee hired before October 1,2011 is eligible to enter the plan follqwing the
completion of six months of Credited Service and attainment of age 20.
Any regular full-time employee hired on or after October 1, 2011 ~nd not participating in the Plan as
of October 1, 2016 who elects to join or fails to make any election within ninety (90) days from
effective date of Ordinance is eligible to enter the Plan as a Tier 2 employee as of the effective date of
Ordinance.
Any regular full-time employee hired on or after October 1,2016 who elects to join or fails to make
any election within ninety (90) days from date of hire is eligible to enter the Plan as a Tier 2 employee
as of their date of hire.
2. Police Officers
Any regular full-time Police Officer is eligible to enter the plan as of date of employment.
3. Administration Management Service Class (AMSC)
Employees of the City with the following positions who do not elect to participate in a defined
contribution plan of the City:
City Manager
City Attorney
City Clerk
Assistant / Deputy City Manager
Finance Director / Chief Financial Officer
Chief of Police
Planning and Zoning Director
Building Director
Director of Public Works
Chief Administrative Officer (currently Finance Office Manager)
Chief Procurement Officer (currently Purchasing Manager)
Parks and Recreation Director
-5-
Gabriel Roeder Smith & Company
South Miami Pension Plan
Outline of Principal Provisions of the Retirement Plan
C. Credited Service:
1. General Employees
Continuous employment. Credited service shall exclude continuous employment prior to plan participation as
follows: (1) If employed prior to October 1, 1973, credited service shall exclude the first two years of
continuous employment and any additional year of continuous employment prior to attainment of age 25. (2)
If employed on or after October 1, 1973, credited service shall exclude the first six (6) months of continuous
employment and continuous employment prior to age 20.
Credited service for Tier 2 employees and AMSC will be continuous employment from the date of hire for all
purposes except for benefit accruals which will be from the later of October 1, 2016 or date of hire.
2. Police Officers
Continuous employment. For Police Officers who did not participate when first eligible for the plan, credited
service shall exclude continuous employment prior to plan participation as follows: (1) If employed prior to
October 1, 1973, credited service shall exclude the first two years of continuous employment and any
additional year of continuous employment prior to attainment of age 25. (2) If employed on or after October
1, 1973, credited service shall exclude the first six (6) months of continuous employment and continuous
employment prior to age 20.
D. Final Monthly Compensation (FMC):
Final Average Compensation is 1I36th of the final 36 consecutive months of compensation. For Police Officers,
not less than 1/5th of the highest five (5) years out of the last (10) ten years of compensation. Compensation shall
mean regular wages and salaries, excluding bonuses, vacation, sick leave and other additional compensation.
Effective October 1, 2011, Final Average Compensation for General Employees is 1I60th of the final 60
consecutive months of basic compensation, provided it is not less than the Final Average Compensation as of
September 30, 2011 based on the definition above. Basic compensation shall mean base wages and salaries,
excluding commissions, overtime pay, bonuses and any other forms of additional compensation earned outside of
base wages.
Effective October 1, 2011, Final Average Compensation for members covered under the Police Officers and
Sergeants collective bargaining agreement is the best five (5) years of basic compensation, provided it is not less
than the Final Average Compensation as of September 30, 2011 based on the definition above. Basic
compensation shall mean base wages and salaries, including up to 300 hours of overtime in a fiscal year and
excluding payments for accrued unused sick or annual leave, extra duty or special detail work, shift differential,
assignment pay, bonuses and any other forms of additional compensation earned outside of base wages.
-6-
Gabriel Roeder Smith & Company
South Miami Pension Plan
Outline of Principal Provisions of the Retirement Plan
D. Final Monthly Compensation (FMC) (cont'd):
Effective October 1, 2016, Final Average Compensation for members covered under the Miami-Dade County
Police Benevolent Association Upper-Collective Bargainning Union (Lieutenants & Captains) collective
bargaining agreement is the best five (5) years of basic compensation, provided it is not less than the Final
Average Compensation as of September 30, 2016 based on the definition above. Basic compensation shall mean
base wages and salaries, including up to 300 hours of overtime in a fiscal year and excluding payments for accrued
unused sick or annual leave, extra duty or special detail work, shift differential, assignment pay, bonuses and any
other forms of additional compensation earned outside of base wages.
Final Average Compenation for Tier 2 General Employees and AMSC shall be the average of the highest eight (8)
years of credit service.
E. Normal Retirement:
1. Eligibility:
a. General Employees:
b. Police Officers:
c. AMSC:
2. Benefit:
Attainment of age 55 and completion of ten (l0) years of credited service
for benefits accru~d as of September 30, 2011.
Attainment of age 60 and completion of ten (l0) years of credited service
for benefits accrued after September 30, 2011, including increases in the
accrued benefit as of September 30, 2011 due to increases in the Final
Average Compensation.
,/
Attainment of age 65 and completion often (10) years of credited service or
completion o(thirty-three (33) years of credited service regardless of age for
Tier 2 employees.
Attainment of age 60 and completion of ten (10) years of credited service or
completion of twenty-five (25) years of credited service regardless of age.
Attainment of age 65 and completion of three (3) years of credited service
or completion of thirty-three (33) years of credited service regardless of age.
The monthly plan benefit is the product of:
a. FMC,
b. Credited service during the appropriate period and
c. The appropriate benefit percentage
The appropriate benefit percentages are:
a. General Employees For Credited Service
Through September 30, 1999
October 1, 1999 through September 30, 2011
October 1,2011 and thereafter
-7-
Gabriel Roeder Smith & Company
Percentage
2.50%
2.75%
2.25%
Outline of Principal Provisions of the Retirement Plan
E. Normal Retirement (cont'd):
2. Benefit:
b. Police Officers For Credited Service Percentage
Through September 30, 1995 2.00%
October 1, 1995 through Septe 2.25%
October 1, 1996 through Septe 2.50%
October 1, 1997 through Septe 2.75%
October 1, 2001 through Septe 2.80%
October 1, 2002 through Septe 2.90%
October 1, 2003 and thereafter 3.00%
c. General Employees (Tier 2) For Credited Service Percentage
October 1, 2016 and thereafter 1.60%
d. AMSC For Credited Service Percentage
October 1, 2016 and thereafter 3.00%
F. Supplemental Benefit:
A cost-of-living supplemental benefit based upon the consumer price index is provided upon
retirement. The annual increase is limited to 3%.
For General Employees the cost-of-living supplemental benefit is only provided on the accrued benefit
as of September 30, 2011 and does not apply to increases in this accrued benefit due to increases in the
Final Average Compensation.
No cost-of-living supplemental benefit is provided for Tier 2 General Employees.
No cost-of-living supplemental benefit is provided for AMSC Employees for benefit accruals on or
after October 1, 20 11.
G. Early Retirement:
1. Eligibility:
a. Police Officers: Attainment of age 50 and completion of 15 years of credited service.
b. AMSC: Attainment of age 55 and completion of 10 years of credited service.
2. Benefit:
a. Police Officers: Accrued benefit based upon FMC and credited service as of early retirement
date, reduced 3% for each year that the benefit commencement date precedes
Normal Retirement.
-8-
Gabriel Roeder Smith & Company
South Miami Pension Plan
Outline of Principal Provisions of the Retirement Plan
G. Early Retirement (cont'd):
2. Benefit:
b. AMSC Accrued benefit based upon FMC and credited service as of early retirement date, red
for each of the first five years and 1130 for the next five years that the benefit commer
date precedes Normal Retirement.
H. Delayed Retirement:
1. Eligibility: Retirement subsequent to normal retirement date.
2. Benefit: Accrued benefit based upon FMC and credited service as of delayed retirement date.
I. Disability Retirement:
1. Eligibility: Totally and permanently disabled for a six month period while actively employed.
2. Benefit: Accrued benefit based upon FMC and credited service as of date of disability, actuaril
reduced as for early retirement for early commencement.
J. Pre-Retirement Death Benefit:
The beneficiary shall receive the member's accumulated employee contributions.
K. Benefit Upon Termination of Service:
1. Benefit payable at normal retirement equal to the greater of:
a. Accrued benefit based upon FMC and credited service as of date of termination times the
vesting percentage shown below, or
b. Benefit which can be supported by the accumulated member contributions with interest to
normal retirement date.
No supplemental benefit shall be payable to vested terminees.
-9-
Gabriel Roeder Smith & Company
South Miami Pension Plan
Outline of Principal Provisions of the Retirement Plan
K. Benefit Upon Termination of Service:
2. Vesting Schedule:
All employees except AMSC:
AMSC employees:
3. Refund Option:
A terminated member may elect to receive a refund of accumulated contributions without
interest in lieu of receiving any other plan benefits.
L. Member Contributions:
Members contribute 7.0% (3.0% for Tier 2 General Employees and 7.5% for Police Officers) of
member's basic annual compensation.
Should the City contribution for General Employees be actuarially determined to exceed 7.0%,
not including expenses, both the City and the General Employees (other than Tier 2 and AMSC
participants) will share equally in the amount in excess of 7.0%. The employee contribution is
capped at 10% as of October 1,2016.
Should the City contribution for Police Officers be actuarially determined to exceed 7.5%, not
including expenses, both the City and the Police Officers will share equally in the amount in
excess of 7.5% but not more than 12.0% for Police Lieutenants and Police Captains.
M. Normal Form of Retirement Income:
The normal form of payment shall be a life annuity with a guarantee of a refund of accumulated
employee contributions.
-10-
Gabriel Roeder Smith & Company
South Miami Pension Plan
Outline of Principal Provisions of the Retirement Plan
N. Changes Since Previous Actuarial Impact Statement:
Final Monthly Compensation (FMC) was:
Final Average Compensation is 1I36th of the final 36 consycutive months of compensation. For Police
Officers, not less than 115th of the highest five (5) years out of the last (l0) ten years of compensation.
Compensation shall mean regular wages and salaries, excluding bonuses, vacation, sick leave and other
additional compensation.
Effective October 1, 2011, Final Average Compensation for General Employees is 1/60th of the final 60
consecutive months of basic compensation, provided it is not less than the Final Average Compensation as of
September 30, 2011 based on the definition above. Basic compensation shall mean base wages and salaries,
excluding commissions, overtime pay, bonuses and any other forms of additional compensation earned outside
of base wages.
Effective October 1, 2011, Final Average Compensation for members covered under the Police Officers and
Sergeants collective bargaining agreement is the best five (5) years of basic compensation, provided it is not
less than the Final Average Compensation as of September 30, 2011 based on the definition above. Basic
compensation shall mean base wages and salaries, including up to 300 hours of overtime in a fiscal year and
excluding payments for accrued unused sick or annual leave, extra duty or special detail work, shift
differential, assignment pay, bonuses and any other forms of additional compensation earned outside of base
Final Average Compenation for Tier 2 General Employees and AMSC shall be the average of the highest eight
(8) years of credit service.
L. Member Contributions (was):
Members contribute 7.0% (3.0% for Tier 2 General Employees and 7.5% for Police Officers) of member's
basic annual compensation.
Should the City contribution for General Employees be actuarially determined to exceed 7.0%, not including
expenses, both the City and the General Employees (other than Tier 2 and AMSC participants) will share
equally in the amount in excess of 7.0%. The employee contribution is capped at 10% as of October 1, 2016.
Should the City contribution for Police Officers be actuarially determined to exceed 7.5%, not including
expenses, both the City and the Police Officers will share equally in the amount in excess of 7.5%.
-11-
Gabriel Roeder Smith & Company
South Miami Pension Plan
Actuarial Assumptions and Methods
Used in the Valuation
A. Mortality
For healthy General Employee participants, the RP 2000 Mortality Table was used with separate
rates for males and females and for annuitants and non-annuitants, and fully generational mortality
improvements projected to each future decrement date with Scale AA.
For healthy Police Officer participants, the RP 2000 Combined Mortality Table with Blue Collar
Adjustment was used with separate rates for males and females and fully generational mortality
improvements projected to each future decrement date with Scale AA.
For disabled participants, the RP 2000 Disabled Mortality Table was used with separate rates for
males and females and fully generational mortality improvements projected to each future
decrement date with Scale AA.
B. Investment Return to be Earned by Fund
7.375%, compounded annually, net of investment expenses.
C. Allowances for Expenses or Contingencies
Actual expenses paid in previous year.
D. Employee Withdrawal Rates
Withdrawal rates for males and for females were used in accordance with the following illustrative
example based upon number of years of service:
E. Disability Rates
1985 Disability Study, Class 1 with separate rates for females was used.
-12-
Gabriel Roeder Smith & Company
F. Marital Assumptions
South Miami Pension Plan
Actuarial Assumptions and Methods
Used in the Valuation
100% of active members are assumed to be married. Where applicable, females are assumed to be three
years younger than their male spouses.
G. Salary Increase Factors
Current salary is assumed to increase in accordance with the following table based upon number of years of
service.
,
H. Increase in Covered Payroll
4.0% per year, limited to average annual increase over most recent ten years (2.7%) but not less than 0.0%
for Police Officers. No increase in covered payroll is assumed for General Employees -Plan was closed to
newly hired General Employees October 1,2011.
I. Retirement Rates
Rates of early retirement for Police Officers were used in accordance with the following table.
Rates of normal retirement were used in accordance with the following tables.
General Employees who retire prior to age sixty (60) but after attainment of ten (10) years of service (55 &
10) are assumed to receive an actuarially reduced benefit payable immediately upon retirement.
-13-
Gabriel Roeder Smith & Company
J. Cost of Living Increases
South Miami Pension Plan
Actuarial Assumptions and Methods
Used in the Valuation
Future cost of living increases are assumed to be 3.0% per annum.
K. Valuation of Assets
The method used for determining the actuarial value of assets phases in the deviation between
the expected and actual return on assets at the rate of 20% per year. The actuarial value of
assets will be further adjusted to the extent necessary to fall within the corridor whose lower
limit is 80% of the fair market value of plan assets and whose upper limit is 120% of the fair
market value of plan assets.
L. Cost Methods
Normal Retirement, Termination, Disability and Pre-Retirement Death Benefit:
Entry-Age-Actuarial Cost Method
Under this method the normal cost for each active employee is the amount which is calculated
to be a level percentage of pay that would be required annually from his date of hire to his
retirement age to fund his estill?ated benefits, assuming the Plan had always been in effect. The
normal cost for the Plan is the sum of the individual normal costs for all active participants.
The actuarial accrued liability as of any valuation date for each active employee or inactive
employee who is eligible to receive benefits under the plan is the excess of the actuarial present
value of estimated future benefits over the actuarial present value of current and future normal
costs. The unfunded actuarial accrued liability as of any valuation date is the excess of the
actuarial accrued liability over the actuarial value of assets of the Plan.
M. Changes Since Previous Valuation
None.
-14-
Gabriel Roeder Smith & Company
22SE I I NEIGHBORS
FROM PAGE 12SE
CALENDAR
Venture together. glow sticks in
hand, through a peaceful man-
grove trail and into the calm
waters of the Biscayne Bay.
Check-In to 5 p.m. and we will
LAUNCH .15:30 p.m.
Paddle under Ihe moon and
stars by kayak, canoe or paddle
board
'single or tandem kayak.
standup paddle board'
Tickets Are Now Available For
Purchase Online
www.bgoletariveroutdoor.com
$6 per vehicle. Limit 2-8
people per vehicle.
$4 Single-occupant vehicle or
motorcycle.
$2 Pedestrians. bicyclists. extra
passengers. passengers in vehicle
with holder of Annual Individual
Entrance Pass.
Student 10 Required for Col·
lege Student Discount·
Event dates
12/11. Jail. 12 , 2111, 3/11, 419,
5/10,6/111/85 p.m. $30-$100 BG
Oleta River Outdoor Center 3400
NE 163rd St., North Miami Beach.
Goodman Jewish Family Serv-
Ic .. ' 10th Annual KOLOT Lunch-
eon presented by Verlzon
Goodman Jewish Family Services
(JFS) of Broward will hold its 10th
annual KOlOT Breaking the
Silence Luncheon presented by
Verizon on Sunday. Jan. 8, to
raise funds and awareness about
domestic abuse. The event at the
Renaissance Fort Laude{dale~
Plantation features author, busi-
nesswoman ilnd domestic abuse
survivor leslie Morgan Steiner.
Lauren Book, recently· elected
state senator and founder of
Lauren·s Kids, will receive the
2017 Ending Abus. Award.
TIckets for the KOLOT Break-
Ing the Silence Luncheon Pre-
sented by Verizon can be pur-
chased on the Goodman JFS
website at jlsbroward.org for $125
per person, Including lunch. VIP
tickets are $i25 and include
lunch, a meet-and-greet with the
author and a copy of her book,
Craty Love.
Attendees are asked to bring
their no·longer used cell phones-
batteries and chargers to the
luncheon for Verizon'sHopeLine
progr4lm, HopeLine uses refur-
bIshed and recycled wireless
equipment and Verizon Wireless
services and equipment to help
survivors of domestic violence.
liB 10 a.m.-2 p.m. $125 for In-
dividual Ticket; $225 for VIP
Ticket Renaissance Fort lauder-
·dale -Plantation Hotel 1230 5.
Pine Island Rd., Plantation.
HI-Tech/Lo-Tech, An explora-
tion of the ever-changing rela-
tionship between art and tech-
nology Created by YAA, this
exhibition explores how tech-
nology and art have become
Intertwined more than ever
before over the past few dec-
ades, and 'features an array of
interactive technological artwork
produced by contemporary
South Flprida artists who will
showcase different uses of tech-
nology, including JeSSie Laino. Sri
Prabha, Jonathan Rockford and
Oliver Sanchez. liB-Jan. 1210 a.m.
CITY OF SOUTH MIAMI
COURTESY NOTICE
NOTICE IS HEREBY given ,hal 'he City Commissioll of Ihe Cily of SOlllh Mimni, Florid" will conduc'
Public liearing(') at its regll1nr Cily Commi$,ion meeting scheduled for TtI",I"),, Janlll\!")' 17,2017,
beginning at 7:00 p.m., in the Cily Commission Chamhers, 6130 Sun,el Drive, 10 tomidor Ihe
following j,e.m(s):
An ()nlimmce mnending the Soulh Miami Pension Plan (0 implcmmlilhe CoUectivc Bill'gaining
Agrceror.nt between the City of South Miami :tnd Dad~ County Police Denevolenl AS~(Jciati()n
Lic\lt~mJllIS and Ci\plajn~ by nmending Chapter 16. Article 11. Section 16-12, "Definitions" of
Annual Coinpem.ation find final ovemge compenslltion, a~ it applies In the PoliN Liemcnant!) nnd
Police Cuplnins and by Adding A Dcfillili\l11 hy amending Sec, 16-J I), "Conlrihuliom" te) place a
limit on the totnt contributions llHlde in any Ii')cf\} year by Police LicutcJlnnlli and Polk/! Caplainlj;
and ,rnl'l1ding Chapter 16, Artide JJ Sectio1116-23 (.)(2) 10 elm·i1Y how certain p"ymcllI' are 10
he !tcllted untier SC~l;()n Ill.'i(h) "I' the Internal Revenue CoJc HJul amending Chapter 16. Arlie!c
JJ. by creating Seclion [6-27, '·Prcmvillion Of Boncfils Plan".
ALL intcrel'tcd pnrtic$:ue inviled til mteud find will be hl!l\rd.
For further informatioll, pic"" conlaci Ihe Cily Clerk, Ollie" al: 305-(,(,3-6340.
Maria M. Mcncnde1, CMC
City (,Ierk
PU[\Uiml ttl l~Jurida SI;tIUIt's )~6 Ulil). the City hrlo!hy iul\'het; the Jlllhlk Ihilt Jf it Jlc.r~t'» Ikrill!.'..: III uppe:tllillY Ilel'hi\1I}
ml(l~ I'I}' 1]1I~ HOilHl, A,!:cnc)' III ComrJ'l1~shl1l wilh rc~pcr.:lll) j'lny m:lIh!1 ron';iikrl!i1 alll~ mC~ling N heming. he tlr ~}II:: will
ne~rl:1 rcCllN (If Ihe ptOCl!cltingsl :md IIml {{lr !inch (lurr<'~c. alTected r~t"\ln m,l~' ncerll(· cmurc Ih:11 fI vo!ft.:Ilirn rccc:ml Clrlh.:
(lrl\c:r.cdin~s h madr ...,,111('h rrrord mdudes IIll" II'slim.IIIY mill c"idcTIi':t,; UP')ll wllH:h Ull' Appell] i~ tn bl·l>ll~cJ.
$14 per person; $12 for Broward
County residenls, seniors and
children over age 1; and $11 for
military members and their
immediate families. Young at Art
Museum 75t SW 121 AVe., Davie.
JV B.sketball Cla"lc Swoosh!
Boys from around South Florida
come together to shoot some
hoops in the Junior Orange Bowl
Classici The Bosketball classic,
now In its 28th year. includes
varsity, Junior varlsty. ond Middle
School Tournaments. 1/8-Jan. 12 9
a,m,-6 p,m, Miami Springs Recre-
ation Center 1401 Westward Dr.,
Miami Springs.
Miami Culinary Tours South
Beach WalkIng Food & CultUre
Tour 1/8-J"n.1212 p.m.-2,30 p.m.,
5 p.m.-7,30 p.m. 49-59 South
Beach Ocean Dr. and Eighth St.,
Miami,
Miami Culinary Tours Wynwood
Food & Art Walking Tour 1/8-Jan.
1212:30 p.m.-3 p.m., 4:30 p.m.-7
p.m. 59·69 Wynwood 2250 2nd
Ave. Northwest, Mian11.
NSU Opens Art Exhibit "Muslim
Women in America: The Evolv a
Ing Scarf" Nova SoutheClslern
University will house the exhibit,
"Muslim Women in America: The
Evolving Scarf:' from Friday.
October 2110 Sunday, January 22
in the Cotilla Gallery on the
second floor of the Alvin Sher-
man library. All art in the gallery
was created by Wilma Bulkln
Siegel, M.D, For more lnforma~
lion, contact the library at 954-
262-4637 or emall-nora@no-
va.edu. 1/8-Jan. 128 a.m. Free
Nova Southeastern University -
Alvin Sherman Library 3100 Ray
Ferrero Jr. Blvd., Fort Lauderdale.
Opening Reception, "Ch~vere"
.t Siron. Fine Art Chevere·s
intention Is to break stere.otypes,
We will feature over SO works by
40 national and international
artists displaying figurative,
narrative, environmental, emo-
tional, street, poetic. and history
depicting works. "(hevere is such
a proJect. identified only as work
"inspired by the Romance Lan ..
guages of latin America-curated
by Dldi Menendez herself a
Cuban expatriate. The project,
curated by Menendezand collab-
orator Sergio Gomez. manifests
as an issue of Menendez's Poetsl
Artists magazine. and as an
exhibition at Sirona Fine Art in
Florida. Some of the artists are
from Latin America, others not.
Therefore SOme of the artl.ts
draw on memory and experience
of their own countries and peo-
ples. and others on their encoun-
ters with cultures foreign to their
I SUNDAY JANUARY 8 lOl7
MIAMIHERALD.COM
own. and others still on imag-
ination and images cobbled
together from film and art and
literature. The project becomes a
great act of communron and
empathy, a celebration of being
together.'· of·· Excerpted from
Artist and Novelist Daniel Maid·
man's piece on huffington~
post,com visit www,huffington-
post.com/daniel-maidman/
chevere_bJ2624732.html Visit
https:/Iwww.artsy.netlshowl
5IromHine~art·chevere to view (II)
works for sale. liB-Jan. 12 7 p.m.-9
p.m. Sirona Fine Art 600 Silks
Run, Hallandale Beach.
Panthers In the Park tee Skating
Rink Presonted by Hoffman"
Chocolate. The Florida Panthers
and the City of Fort Lauderdale
have teamed up this holiday
season to transform Fort Lauder~
dale's Huizenga Plaza into Pan-
thers in the Park Ice Skating Rink
presented by Hoffman·s Choco·
lates, a 5,760-square-foot out-
door ice skating rin~ and en-
chanting holiday display. Localed
at One East Las Olas Blvd .. Pan-
thers in the Park will be open to
the public from Tuesday, Novem·
ber 29th through Sunday, Jan-
uary 8th and will be the largest
outdoor public ice skating rink in
Soulh Florida.
"We are thrilled to partner with
the Florida Panthers for this
exciting holiday activity,' said
Fort Lauderdale Mayor John P.
"Jack" Seller. -Bringing an ice
skating rink to our downtown
Rlverwalk will provide neighbors
and Visitors with a unique fun-
filled way to celebrate the holi-
days and share the spirit of the
season, We invite everyone to
come out and enjoy what promiS-
es to be a one·of-a·kind winter
wonderland:
The outdoor ice skating rink
will be built on site at the park
and will be fully enclosed by a
tent. The temperature in the rink
will be controlled with chillers to
keep the ice cool at 32 degrees
and will be conslantly shaved and
replenished to provide the best
skating experience for guests.
·We are thrilled to work with
Ihe city of Fori Lauderdale in
creating this opportunity for the
people of South Florida during
the holiday season; said Florida
Panthers Executiv~ Chu"lTman
Peter Luukko. "Our community is
a top priMty for the Panfhers,
and to be able to provide people
in downtown Fort Lauderdale the
chance to get on the ice and
learn to skate Is an exciting and
important way to grow our great
game,"
To add to the holiday spirit.
adjacent to the 'rink, Hoffman's
Chocolates will showcase a
captivating holiday display with
colorful holiday lighls. illumi-
nated sculptures, a magnificent
20-foot Christmas tree and sweet
treats for purchase from their
food truck, The Sweet Ride.
Other food and refreshments will
be availab 11810 a.m.-l0 p.m. $13
each for both adults aod children
for a 90-rninute skate session,
includes skate rental Panthers in
the Park Ice Skating Rink 1 East
Las Olas Blvd., Fort Lauderdale:
Pop Artat Frameworks Pop Art
featuring Mr. Brainwash, Bannksy.
Haring, Indiana. Lichtenstein.
Frankenthaler, Dille, Wessel mann,
and more! 1/8-Jan. 12 Frame-
Works 3196 Commodore Plaza,
Coconut Grove.
Pop Art Shows at Williams
McCall Gallery Pop Art Shows in
Miami Beach and Coconut Grove
featuring Mr. Brainwash, Banksy.
Lichtenstein, Haring, Wessel mann
and more. Opening reception on
Thursday, December 1st in Miami
Beach, 6-9 pm. Opening recep-
tion on Saturday. December 3rd
in Coconut Grove, 6-9 pm. Both
shows run through January 31st.
1/8-J3n.12 Free Williams McCall
Gallery 110 Washington Ave.,
Miami Beach.
. Protected Beauty The traveling
exhlbition··Protected Beauty" is a
logical collaboration between
two American institutions(World
Erotic Art Museum and the
Kinsey Instltule @ Indiana Uni-
Versity) whose focus is on under-
standing human sexuality. The
result Is breathtaking, beautiful
and full of social and political
relevance. 1I8-Jan. 12 Opening
night (Nov 28, 8-11pml free.
World Erotic Art Museum 1205
Washington Ave., Miami.
Q & A, Nine Contemporary
Cuban Arllsts Q & A. Nine Con-
temporary Cuban Artists
November 30 -January IS,
2017
The exhibition features the
diverse work of nine contempo-
rary Cuban artists working in
painting, sculpture, photography,
video and Installation that cen·
ters on two fundamental ques-
tions the artists ask themselves
when discussing their country
and their work, 'how do others
see us?' and 'how do we see
ourselves?' Q & A offers a multi-
faceted critical vision of Cuba
through the eyes of these young
artists. who invite us to observe,
reflect and engage In an ~pen
SEE CALENDAR, 24SE
MIAMI DAILY BUSINESS REVIEW'
Published Daily except Saturday, Sunday and
Legal Holidays·
Miami, Miami-Dade County, Florida
STATE OF FLORIDA
COUNTY OFMIAMI·PADE:
Before the undersigned authority personally appeared
OCTELMA V. FERBEYRE, who on oath says that he' or she is
the VICE PRESIDENT, Legal Notices of the Miami Daily
. Business Review f/kJa Miami Review, a daily (except
Saturday, Sunday· and Legal Holidays) newspaper,
published at Miami in Miami-Dade County" Florida; that the
attached copy' of advertisement, being a Legal Advertisement
of Notice in the matter of '
NOTICE OF PUBLIC HEARING
CITY OF SOUTH MIAMI· JAN, 17,2017
in the XXXX Court,
was· published in said newspaper iii the issues of
01/06/2017
Affiant further says that the said Miami Daily. Business
Review . is a newspaper published at Miami, in said
Miami-Dade County, Florida and that the said newspaper has
heretofore been continuously published in. said Miami -Dade
County, 'Florida ··each day '(except Saturday, Sunday and
Legal Holidays)' anc!'." .has been entered as second class mail
matter at the post Office in Miami in said Miami-Dade County,
Florida, ·for a period. Qf one year ne,xt preceding the first'
, pubHcetion of the attached copy of advertisement; and affiant
further says that he or she. has neither paid ~or promised any
. person, firm or corporation· any discount, rebate, commission
or refund for t of seCUring this advertisement for
Sworn to and subscribed before me this
~ dayof JAN~ARy,AD, 201J!~. _-' .~~