Miami Commissioners Approve Lifetime Pension Program

Miami, FL - Miami's part-time elected officials voted to reinstate a lifetime pension program that was suspended during the 2009 financial crisis.

The decision, approved by a 3-2 vote on Tuesday, will provide eligible officials with a lifetime annuity equal to half of their highest salary, with annual increases and cost-of-living adjustments.

To qualify, officials must have served at least two terms and be at least 60 years old.

While some commissioners have defended the decision as a reward for their service, some residents have expressed concerns about the timing and implications of the pension program.

Critics argue that it is unfair to taxpayers and a misuse of public funds.

Mayor Francis Suarez has not yet publicly stated his position on the program.

The decision will have significant implications for the city's budget and the future of its elected officials.