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 30, 2015

 

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 Sandra Elenberg, 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 21, 2014.pdf

 

 

II.        FOR APPROVAL:

 

A.                GESE Retirements – Exhibit A.pdf

 

B.        GESE Refunds of Contributions – Exhibit A.pdf

 

C.        GESE Accrued Sick and Vacation Rollovers – Exhibit B.pdf

 

 

 

 

 

 

 

 

 

Agenda –

January 30, 2015

 

 

 

III.       PERSONAL APPEARANCES:

 

A.            Mr. Willie Timmons –

Requesting to buyback time previously offered.

 

B.             Mr. Rafael Suarez Rivas.pdf –

Requesting to re-join GESE as a retired member who has been recently re-hired

 

 

 

IV.       ANTHONY BRUNSON,  P.A.:

 

            Presentation of the annual audit and financial statements

            for fiscal year ending September 30, 2014

Presented by Mr. Anthony Brunson

 

-          Financials.pdf

-          GESE Report to the Finance Committee.pdf

-          GESE Management Representation Letter.pdf

-          GESE Audit Results & Financial Overview.pdf

 

-          Board evaluates Anthony Brunson, P.A.pdf

 

 

V.        FOR DISCUSSION:

 

            Proposed offer of employment to GESE Staff exiting DROP.pdf

            Presented by Trustee Sean Moy

 

 

VI.       ADMINISTRATOR’S REPORT:

 

            Offer of employment for GESE Staff Irma Saldana

            who is exiting DROP effective February 17, 2015

 

-          Board evaluates Pension Administrator.pdf

 

 

 

 

 

 

 

 

 

Agenda –

January 30, 2015

 

 

 

VII.     CAVANAUGH MACDONALD CONSULTING, LLC:

 

A.        2014 GESE’s  Preliminary Actuarial Valuation to determine

the city’s contribution for fiscal year

October 1, 2015 – September 30, 2016.pdf

Presented by Mr. Jose Fernandez

 

B.                 2014 Preliminary Staff Defined Benefit Plan’s Actuarial Valuation

to determine the city’s contribution for fiscal year

October 1, 2015 – September 30, 2016.pdf

Presented by Mr. Jose Fernandez

 

C.                 2014 Preliminary Excess Benefit Plan’s Actuarial Valuation

to determine the city’s contribution for fiscal year

October 1, 2015 – September 30, 2016.pdf

Presented by Mr. Jose Fernandez

 

D.                Valuation Results for fiscal year October 1, 2015 – September 30, 2016.pdf

 

E.                 Florida Division of Retirement letter regarding GESE’s assumptions.pdf

 

-          Board evaluates Cavanaugh Macdonald.pdf

 

 

 

VIII.    BERNSTEIN LITOWIZ:

 

 

IX.       ICMA-RC CORPORATION’S REPORT:

 

A.          Miami GESE DROP.pdf

Presented by Ms. Teresita Toledo Ferguson and

Mr. Fernando C. De Aguero

 

B.           Miami GESE Staff DROP.pdf

      Presented by Ms. Teresita Toledo Ferguson and

Mr. Fernando C. De Aguero

 

-          Board evaluates ICMA-RC.pdf

 

 

 

 

 

 

 

 

 

Agenda –

January 30, 2015

 

 

 

                                                                                                                                              

 

X.        ATTORNEY’S REPORT:

 

A.          Update on Jose Rodriguez, et al lawsuit.pdf

 

B.           Ratify motion regarding members buying back laid-off time at current rate

of pay after the member completes the buyback and has paid back all

the contribution he or she took out plus interest.pdf

 

-          Board evaluates legal counsel.pdf

 

 

XI.       SOUTHEASTERN ADVISORY SERVICES:

 

A.          Cash flow needed for benefit payments.pdf

 

B.           Fee Savings Analysis.pdf

 

-          Board evaluates Southeastern Advisory.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/AGENDA2015/JANUARY 30 2015