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 26, 2018

 

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.       ELECT NEW CHAIR:

 

 

II.      ELECT NEW VICE-CHAIR:

 

 

III.    APPROVAL OF MINUTES:

 

November 17, 2017.pdf

 

          December 8, 2017.pdf

 

 

IV.    FOR APPROVAL:

 

A.               GESE Lump Sum Payments – Exhibit A.pdf

 

B.               GESE Retirements and Deaths – Exhibit B.pdf

 

Agenda –

January 26, 2018

 

 

V.      PERSONAL APPEARANCES:

 

          A.      Mr. Roberto Fenton -

                   Requesting to buyback prior service.pdf

                   Corresponding ordinances at the time.pdf

     (Deferred at the November 17, 2017, Board Meeting)

 

          B.      Ms. Kemarr L. Brown –

                   Requesting to rejoin GESE.pdf

 

 

VI.    DISABILITY APPLICATION:

 

          Caridad Rassi’s disability application

         

 

VII.   ANTHONY BRUNSON,  P.A.:

 

          Presentation of the annual audit and financial statements

          for fiscal year ending September 30, 2017

Presented by Mr. Anthony Brunson

 

-         Financials.pdf

-         GESE Audit Results & Financial Overview.pdf

-         Report to those Charged with Governance.pdf

 

-         Board evaluates Anthony Brunson, P.A.pdf

 

 

 

 

 

 

 

 

 

 

 

 

 

Agenda –

January 26, 2018

 

 

VIII.  SOUTHEASTERN ADVISORY SERVICES’ REPORT:

 

          A.      Proposed GESE Investment Policies.pdf

 

          B.      Proposed GESE Staff Investment Policies.pdf

 

-         Board evaluates Southeastern Advisory.pdf  

 

 

IX.    CSSC INVESTMENT ADVISORY SERVICES’ REPORT:

 

          Suggested modifications to the Investment Policies.pdf

 

-         Board evaluates CSSC Investment Advisory.pdf  

 

 

X.      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

 

 

XI.    ATTORNEY’S REPORT:

         

          A.      Judith Marsie-Hazen versus City of Miami GESE

 

          B.      Administrative Rules

 

          C.      Motion ratifying the non-sale of 100 shares of Cardinal Health.

 

-         Board evaluates Legal Counsel.pdf

 

 

 

 

 

 

Agenda –

January 26, 2018

 

 

 

XII.   CAVANAUGH MACDONALD CONSULTING, LLC:

 

A.               Presentation of the October 1, 2017, Valuation Results.pdf

Presented by Ms. Micki Taylor and Mr. Todd Green

 

B.               2017 GESE’s  Preliminary Actuarial Valuation to determine

the city’s contribution for fiscal year

October 1, 2018 – September 30, 2019.pdf

Presented by Ms. Micki Taylor and Mr. Todd Green

 

C.               2017 Preliminary Staff Defined Benefit Plan’s Actuarial Valuation

to determine the city’s contribution for fiscal year

October 1, 2018 – September 30, 2019.pdf

Presented by Ms. Micki Taylor and Mr. Todd Green

 

          D.      GESE Excess Benefit Plan Year 2018 City Contribution                                              Requirements.pdf

Presented by Ms. Micki Taylor and Mr. Todd Green

 

E.      Staff Excess Benefit Plan Year 2018 City Contribution           Requirements.pdf

Presented by Ms. Micki Taylor and Mr. Todd Green

         

-         Board evaluates Cavanaugh Macdonald.pdf

 

 

XIII.  ADMINISTRATOR’S REPORT:

 

A.      Administrative Summary

 

B.      Proposed Offer of Employment for Enrique Mesa.pdf

 

-         Board evaluates Pension Administrator.pdf

 

 

 

 

 

 

 

 

Agenda –

January 26, 2018

 

 

 

 

 

 

 

 

 

For Information Purposes Only:

Richmond Capital’s Letter.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/AGENDA2018/JANUARY 26 2018