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City Council adopts changes to North Miami police pension in unanimous second-reading vote
Summary
The council unanimously adopted a second-reading ordinance amending the North Miami Police Pension Plan to require a 9.51% member contribution, set a 3.75% multiplier retroactive to June 1, 2010 for members employed on the effective date, and consolidate the police share plan into the pension plan.
At its Tuesday meeting the North Miami City Council adopted on second reading amendments to the city’s Police Pension Plan, listed in the agenda as amendments to ordinance No. 748. The ordinance amendments modify multiple code sections, including Section 15-121 to provide for a 9.51% member contribution and Section…
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