Res No 133-96-9887RESOLUTION NO. 133 -96 -9887
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF
THE CITY OF SOUTH MIAMI, FLORIDA, RELATING TO
DEFERRED COMPENSATION PLAN, AUTHORIZING THE CITY
MANAGER TO INCLUDE THE POSITIONS OF CITY CLERK,
ASSISTANT TO CITY MANAGER, AND ASSISTANT PUBLIC
WORKS DIRECTOR POSITIONS FOR A MATCH PAID BY THE
CITY WHEN THESE EMPLOYEES PARTICIPATE IN THE
DEFERRED COMPENSATION PLAN.
WHEREAS, the City Commission has approved a plan to match up to 3% of the bi-
weekly salary of those department heads who select the ICMA Deferred Compensation plan
rather than the Pension Plan, and;
WHEREAS, the City Manager has recommended the inclusion of three additional
positions, that of Assistant to the City Manager, Assistant Public Works Director, and the City
Clerk for eligibility for this plan; and
WHEREAS, this alternative will allow the individuals in these three positions to chose
between the pension plan or the ICMA Deferred Compensation Plan; and
WHEREAS, the Assistant to the City Manager, Assistant Public Works Director, and the
City Clerk may contribute more than 3% to the ICMA plan each biweekly pay period, the City
will match only the first 3% for the Assistant to the City Manager and Assistant Public Works
Director, and a minimum of 3% for the City Clerk.
NOW THEREFORE BE IT RESOLVED BY THE MAYOR AND CITY
COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA:
Section 1. The City Commission hereby authorizes the City Manager to extend the
matching benefit to the Assistant to the City Manager, Assistant Public Works Director, and the
City Clerk in addition to the Department Heads currently offered this benefit. The Assistant to
the City Manager, Assistant Public Works Director, and the City Clerk will be required to
contribute a minimum of 3% deducted from each bi- weekly paycheck to be matched at a rate of a
maximum of 3% for the Assistant to the City Manager and Assistant Public Works Director, and a
minimum of 3% for the City Clerk.
Section 2. This resolution shall take effect immediately upon approval.
PASSED AND ADOPTED this23 day of July, 1996.
ATTEST:
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CITY ATTORNEY
COMMISSION VOTE: 5 -0
Mayor Cunningham: Yea
Vice Mayor Robaina: Yea
Commissioner Price: Yea
Commissioner Bethel: Yea
Commissioner Young: Yea
o CITY OF SOUTH MIAMI
MENEM 6130 Sunset Drive, South Miami, FL 33143
®
TO: Mayor and Commission DATE: July 17, 1996
FROM: Eddie Cox, City Manager RE: Agenda Item #L
Comm. Meeting July 23, 1996
ICMA Deferred Comp Match
This resolution authorizes the eligibility inclusion for ICMA Deferred Compensation match to
three key positions in the City. Currently, the City matches 3% for Department Heads (only) who
choose the Deferred Compensation plan over the Pension Plan. I am recommending approval of
of the addition of the positions of Assistant to the City Manager, Assistant Public Works Director,
and the City Clerk. These individuals, like the Department Heads, must contribute at least 3% of
their salary to this plan, but may contribute more.
The two assistant positions will be matched at a rate of 3 %. The City Clerk will be matched by a
minimum rate of 3 %.
The inclusion of these positions is important to maintaining the professional level of individuals
we currently have, and in any future recruitment when vacancies occur.
I recommend your approval.