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 31, 2014

 

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.          ELECT NEW CHAIR:

 

 

II.        ELECT NEW VICE-CHAIR:

 

 

III.       APPROVAL OF MINUTES:

 

            November 22, 2013.pdf

 

 

 

 

 

 

 

 

 

 

 

Agenda –

January 31, 2014

 

 

IV.       FOR APPROVAL:

 

A.                GESE Retirements – Exhibit A.pdf

 

B.        GESE Refunds of Contributions – Exhibit A.pdf

 

C.        GESE DROP – Exhibit C.pdf

 

D.        GESE Refund of Remaining Balance on Accrued Leave Balance Rollover-

Exhibit D.pdf

                       

 

 

V.        SHARPTON, BRUNSON & COMPANY,  P.A.:

 

            Presentation of the annual audit and financial statements

            for fiscal year ending September 30, 2013

Presented by Mr. Anthony Brunson

 

-          Financials.pdf

-          Report to the Finance Committee.pdf

-          Audit Results & Financial Overview.pdf

 

-          Board evaluates auditors.pdf

 

 

 

VI.       ICMA-RC CORPORATION’S REPORT:

 

            Presented by Ms. Teresita Toledo Ferguson and

Mr. Fernando C. De Aguero

 

A.          Miami GESE DROP.pdf

 

B.           Miami GESE Staff DROP.pdf

 

-          Board evaluates ICMA-RC.pdf

 

 

 

 

 

 

 

 

 

 

Agenda –

January 31, 2014

 

 

VII.     CAVANAUGH MACDONALD CONSULTING, LLC:

 

A.        2013 GESE’s  Preliminary Actuarial Valuation to determine

the city’s contribution for fiscal year

October 1, 2014 – September 30, 2015.pdf

Presented by Mr. Jose Fernandez

 

B.                 2013 Preliminary Staff Defined Benefit Plan’s Actuarial Valuation

to determine the city’s contribution for fiscal year

October 1, 2014 – September 30, 2015.pdf

Presented by Mr. Jose Fernandez

 

C.                 2013 Preliminary Excess Benefit Plan’s Actuarial Valuation

to determine the city’s contribution for fiscal year

October 1, 2014 – September 30, 2015.pdf

Presented by Mr. Jose Fernandez

 

-          Board evaluates actuary.pdf

 

 

VIII.    BERNSTEIN LITOWIZ:

 

 

IX.       ATTORNEY’S REPORT:

 

A.          Interpret statutes for Military Service Buybacks

 

B.           Legal opinion to allow current members to buyback the time they were

Laid-off, up to a period of three years

 

C.           Class Action Lawsuit.pdf

Jose Rodriguez, et. al.

Versus

Defendants:

City of Miami (“City”)

City of Miami General Employees’ & Sanitation Employees’ Retirement

Trust (“Trust” and/or “Plan”)

The Board of Trustees of the City of Miami General Employees’ & Sanitation

Employees’ Retirement Trust (“Board”)

Carlos Migoya, Former Miami City Manager (“Migoya”)

Sandra Elenberg, Board Plan Administrator (“Elenberg”)

Irma I. Saldana, Assistant to the Plan Administrator (“Saldana”)

 

-          Board evaluates legal counsel.pdf

 

 

 

 

 

Agenda –

January 31, 2014

 

 

 

 

X.        SOUTHEASTERN ADVISORY SERVICES:

 

            Cash flow needed for benefit payments.pdf

 

-          Board evaluates investment consultant.pdf  

 

 

XI.       FOR DISCUSSION:

 

            RFP for new auditors

 

 

 

 

 

 

WrD/R/AGENDA2014/JANUARY 31 2014