Printer Friendly Version FIRE AND POLICE PENSION SYSTEM

To become a member of the Fire and Police Pension System, the employee must first attain regular civil service status in the Fire or Police Departments in other than civilian status.

Effective September 30, 2000, All Members of the Fire and Police Pension System: will contribute 10% of base pay, longevity pay, overtime, shift differential and extra compensation allowance such as uniform allowance. Members may retire upon:

  • the attainment of age 50
  • the sum of the member's age and creditable pension service equals at least 70
  • permanent and total disability incurred in the line of duty
  • permanent and total disability incurred other than in the line of duty, after 5 years of creditable service

Members Employed on or after May 19, 1993, but prior to September 30, 2000: will contribute 10 % of base pay and longevity pay. Members may retire upon:

  • the attainment of age 55 with 10 years of service
  • permanent and total disability incurred in the line of duty
  • permanent and total disability incurred other than in the line of duty, after 5 years of creditable service

Members meeting the eligibility requirements of age 50, or the Rule of 70, may participate in a Deferred Retirement Option Plan (DROP).

Upon retirement, a member shall receive a monthly pension payable for life. The Plan also has various provisions for surviving spouse, dependent children, and dependent parents.

The Fire and Police Pension System is administered by a Board of Trustees consisting of nine members.

  • Three members of the City Administration, other than Firefighters, Police Officers, or the City Manager to beappointed by the Mayor of Miami Beach
  • Three active members of the Fire Department elected by active and retired Plan members of the Fire Department
  • Three active members of the Police Department elected by active and retired Plan members of the Police Department

The Board may engage such service from professionals and consultants as the Board feels are required to transact the business of the Plan.

All monies contributed to the pension system will be returned to a member separating from the pension systemprior to becoming eligible for a pension.

For complete details about the System, refer to "Summary Plan Description" provided by the City Pension Fund for Firefighters and Police Officers in the City of Miami Beach, or contact the Fire and Police Pension Office, 605 Lincoln Road, Suite 400, Miami Beach, FL 33139, telephone (305)673- 7039.

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