AGENDA

 

MEETING OF THE CITY OF MIAMI

GENERAL EMPLOYEES’ AND SANITATION EMPLOYEES’

RETIREMENT TRUST

 

THE ROSE GORDON BUILDING

2901 BRIDGEPORT AVENUE

WALDEMAR LEE CONFERENCE ROOM

COCONUT GROVE, FLORIDA 33133

TELEPHONE: 305-441-2300    FAX: 305-441-2307

 

FRIDAY, JANUARY 25, 2019

 

9:00 AM

 

The items on this agenda are for discussion and recommendations for actions to be taken by the Board.  Please be advised one or more City of Miami Commissioners may be in attendance.

If a person decides to appeal any decision made by the board with respect to any matter considered at this meeting or hearing, he/she will need a record of the proceedings and for such purpose he/she may need to ensure that a verbatim record of the proceeding is made, which record includes the testimony and evidence upon which the appeal is to be based.

 

Source: Section 286.0105 Florida Statutes 1980, Municipalities and Municipal Boards

 

In accordance with the American with Disabilities Act of 1990, persons needing a special accommodation to participate in this proceeding should contact Edgard Hernandez, Pension Administrator, no later than 7 days prior to the proceeding. Telephone (305) 441-2300 for assistance; if hearing impaired, telephone the Florida Relay service numbers, (800) 955-8771, (TDD) or (800) 955-8770 (Voice), for assistance.

 

Pension Administrator’s letter to the board.pdf

 

 

I.       WELCOME NEW TRUSTEE:

 

          Mr. Porfirio Jimenez -

          Appointed by AFSCME Local 1907.pdf

 

 

II.      PLAQUE PRESENTATION:

 

          Mr. John Hill

          Presented by Chairman Simmons

 

 

III.    APPROVAL OF MINUTES:

 

November 30, 2018.pdf

 

 

 

Agenda –

January 25, 2019

 

 

IV.    FOR APPROVAL:

 

A.               GESE Lump Sum Payments – Exhibit A.pdf

 

B.                GESE Retirements and Deaths – Exhibit B.pdf

 

 

V.      PERSONAL APPEARANCES:

 

          A.      Mr. Arlonzo Williams -

                   Requesting to buyback time previously offered.pdf

 

          B.      Mr. Luis M. Cordero –

                   Requesting to buyback time previously offered.pdf

 

 

VI.     ANTHONY BRUNSON,  P.A.:

 

          Presentation of the annual audit and financial statements

          for fiscal year ending September 30, 2018

Presented by Mr. Anthony Brunson

 

-         Financials.pdf

-         GESE Audit Results & Financial Overview.pdf

-         Report to those Charged with Governance.pdf

-         Adjusting Journal Entries

 

-         Board evaluates Anthony Brunson, P.A.pdf

 

 

VII.   ICMA-RC CORPORATION’S REPORT:

 

          GESE and Staff DROP Plan Performance Reports.pdf                        

          Presented by Ms. Prabh Kaur, Ms. Hortensia Perez,

          Mr. Miguel Hidalgo, Mr. Walid Refai and Mr. Fernando Llop

 

-         Board evaluates ICMA-RC.pdf

 

 

 

Agenda –

January 25, 2019

 

 

 

 

VIII.  CAVANAUGH MACDONALD CONSULTING, LLC:

 

A.               Presentation of the October 1, 2018, Valuation Results.pdf

Presented by Ms. Micki Taylor and Mr. Todd Green

 

B.                2018 GESE’s  Preliminary Actuarial Valuation.pdf

to determine the city’s contribution for fiscal year

October 1, 2019 – September 30, 2020.pdf

Presented by Ms. Micki Taylor and Mr. Todd Green

 

C.                2018 Preliminary Staff Defined Benefit Plan’s Actuarial Valuation.pdf

to determine the city’s contribution for fiscal year

October 1, 2019 – September 30, 2020.pdf

Presented by Ms. Micki Taylor and Mr. Todd Green

 

          D.      GESE Excess Benefit Plan Year 2019 City Contribution Requirements.pdf

Presented by Ms. Micki Taylor and Mr. Todd Green

 

E.      Staff Excess Benefit Plan Year 2019 City Contribution Requirements.pdf

Presented by Ms. Micki Taylor and Mr. Todd Green

 

          F.       GASB Statement No. 67 Report for GESE, Staff and Excess Plans.pdf

         

          G.      New Actuarial Factors

                   - Early Retirement Factors.pdf

                    - Service Purchase Factors.pdf

                    - JS Factors/Updated Mortality Assumptions.pdf

 

-         Board evaluates Cavanaugh Macdonald.pdf

 

 

 

 

 

 

 

 

Agenda –

January 25, 2019

 

 

 

IX.     ATTORNEY’S REPORT:

 

          A.      Legal opinion on individuals that have not responded to the                                    Pension Verification Letter

 

          B.      Pension Articles.pdf

         

          C.      Staff Health Insurance

 

-         Board evaluates Legal Counsel.pdf

 

 

X.      ADMINISTRATOR’S REPORT:

 

-         Board evaluates Pension Administrator.pdf

 

 

 

 

 

 

 

 

 

The items listed on this agenda are only for discussion and do not reflect a policy change until the board moves and approves a particular item.

 

 

 

 

 

 

 

 

 

 

 

WRD/R/AGENDA2019/JANUARY 25 2019