• RETIREMENT PLANNING

    Defined Benefit Pension Plans
    For General Employees: (Direct Link) Miami Beach Employees Retirement Plan (MBERP)
    For Fire & Police Sworn Personnel: (Direct Link) Fire and Police Pension

    Reso 2013-28290: City Commission Adopted Pension Policies and Guidelines

    401k and 457 Plans
    The City of Miami Beach has two administrators available for participating employees:
    ICMA-RC
    Nationwide Retirement Services

    457 Deferred Compensation Plan Annual Contribution Levels for 2016:

    • $18,000 Maximum annual contribution for those under age 50
    • $24,000 Maximum annual contribution for those at age 50 and above
    • $36,000 Maximum annual contribution for those participating in the three (3) year Pre-Retirement catch up provision

    Forms
    Beneficiary Designation Form MBERP
    Beneficiary Designation Form Statutory Death Benefit
    457 ICMA - Change Amount form
    457 Nationwide - Participation Agreement

 
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