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 27, 2017

 

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.       APPROVAL OF MINUTES:

 

          November 18, 2016.pdf

 

 

II.      FOR APPROVAL:

 

A.            GESE Lump Sum Payments – Exhibit A.pdf

 

B.             GESE Retirement and Deaths – Exhibit B.pdf

         

 

III.    PERSONAL APPEARANCES:

 

Mr. Horacio Pulido –

Requesting to change his beneficiary.pdf

           Deferred at the September 30th and November 18th, 2016 Board Meeting

 

Agenda –

January 27, 2017

 

IV.     ANTHONY BRUNSON,  P.A.:

 

          Presentation of the annual audit and financial statements

          for fiscal year ending September 30, 2016

Presented by Mr. Anthony Brunson

 

-         Financials.pdf

-         GESE Audit Results & Financial Overview.pdf

-          Audit Results & Required Communications Report to those

Charged with Governance.pdf

-         Draft Management Letter.pdf

 

-         Board evaluates Anthony Brunson, P.A.pdf

 

 

V.      ICMA-RC CORPORATION’S REPORT:

 

A.        GESE DROP Plans.pdf        

     GESE DROP Performance.pdf

Presented by Mr. Joseph Teague, Mr. Prabhjeet Kaur,

Ms. Hortensia Perez, Mr. Miguel Hidalgo and Mr. Fernando Llop.

 

B.         Staff DROP Performance.pdf

     Presented by Mr. Joseph Teague, Mr. Prabhjeet Kaur,

Ms. Hortensia Perez, Mr. Miguel Hidalgo and Mr. Fernando Llop.

 

-         Board evaluates ICMA-RC.pdf

 

 

VI.    SOUTHEASTERN ADVISORY SERVICES’ REPORT:

 

-         Board evaluates Southeastern Advisory.pdf  

 

 

VII.   BERNSTEIN LITOWIZ:

 

Securities Litigation Policy.pdf

 

 

 

 

Agenda –

January 27, 2017

 

 

VIII. ATTORNEY’S REPORT:

         

A.      Summary of Rodriguez Hearing.pdf

 

B.      Update on Consulting Services Support Corporation (CSSC)

 

C.      Update on Committee meeting

 

-         Board evaluates legal counsel.pdf

 

 

IX.    CAVANAUGH MACDONALD CONSULTING, LLC:

 

A.               Presentation of the October 1, 2016, Valuation Results.pdf

Presented by Mr. Jose Fernandez,

Ms. Micki Taylor and Mr. Todd Green

 

B.                  2016 GESE’s  Preliminary Actuarial Valuation to determine

the city’s contribution for fiscal year

October 1, 2017 – September 30, 2018.pdf

Presented by Mr. Jose Fernandez,

Ms. Micki Taylor and Mr. Todd Green

 

C.                  2016 Preliminary Staff Defined Benefit Plan’s Actuarial Valuation

to determine the city’s contribution for fiscal year

October 1, 2017 – September 30, 2018.pdf

Presented by Mr. Jose Fernandez,

Ms. Micki Taylor and Mr. Todd Green

 

D.                  2016 Preliminary GESE Excess Benefit Plan’s Actuarial Valuation

to determine the city’s contribution for fiscal year

October 1, 2017 – September 30, 2018.pdf

Presented by Mr. Jose Fernandez,

Ms. Micki Taylor and Mr. Todd Green

 

E.                Staff Excess Benefit Plan 2017 City Contribution Requirements.pdf

Presented by Mr. Jose Fernandez and

Ms. Michelle Taylor and Mr. Todd Green

         

-         Board evaluates Cavanaugh Macdonald.pdf

 

 

Agenda –

January 27, 2017

 

 

 

X.      ADMINISTRATOR’S REPORT:

 

A.      Administrative Summary

 

B.      Update on FPL cost estimate.pdf

 

C.      Proposed Personnel Office Manual.pdf

 

-         Board evaluates Pension Administrator.pdf

 

 

XI.    FOR DISCUSSION:

 

Staff Pension Plan.pdf

 

 

 

FOR YOUR INFORMATION ONLY PACKAGE:

Virtus Investment Partners to Acquire RidgeWorth Investments.pdf

GASB 67.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/AGENDA2017/JANUARY 27 2017