Committee Facts

About the Retirement Plan

The City of North Miami Beach is the sponsor of the North Miami Beach General Employees Retirement Plan. All full-time employees (other than sworn police officers) are eligible to participate in the plan. The pension plan is administered by a five-member Board of Trustees who are either elected by the employees or appointed by the mayor.


Employees contribute 7% of earnings into the pension plan. Additional contributions to the pension plan come from the City of North Miami Beach and investment earnings. The Plan's Funded Ratio as of October 1, 2015 is 71.4%.

Fact Sheet

Learn about actuarial summary fact sheets or view the North Miami Beach General Fact Sheet (PDF).

Plan Members (as of October 1, 2016)

Type of Members Number of Members
Active Employees 161
Retirees/Beneficiaries 236
Disabled 14
DROP Employees 27
Terminated Vested Participants 40
Total Plan Participants 478