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

 

WEDNESDAY, MARCH 16, 2016

 

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:

 

          January 29, 2016.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

 

D.      GESE BACDROP and Forward DROP – Exhibit C.pdf

 

          E.      Staff Refund of Contributions – Exhibit E.pdf

 

 

 

 

Agenda –

March 16, 2016

 

III.    PERSONAL APPEARANCES:

 

A.        Ms. Jacklyn Jackson -

           Requesting to buyback time previously offered.

Deferred at the January 29, 2016, board meeting

 

B.        Mr. Bonifacio Alonso –

     Requesting to buyback time previously offered.

 

 

IV.    ATTORNEY’S REPORT:

 

 

 

V.      ASSISTANT PENSION ADMINISTRATOR’S REPORT:

 

A.          Proposed Comprehensive Annual Financial Report (Draft)

for fiscal year ended September 30, 2015.pdf

 

B.           Proposed GESE Plan budget for fiscal year

October 1, 2016, to September 30, 2017.pdf

          Exhibit A.pdf

 

 C.     Proposed Excess Plan budget for fiscal year

October 1, 2016, to September 30, 2017.pdf

 

 D.      Vanguard Group acknowledgement.pdf

 

 E.     Elenberg Consulting, Inc.’s proposed contract.pdf

     Deferred at the January 29, 2016, board meeting

 

 F.     Proposed offer of employment

1.     Elena Valdes effective May 20, 2016.pdf

2.     Maria Blandon effective October 7, 2016.pdf

Deferred at the January 29, 2016, board meeting

 

 

 

 

 

 

Agenda –

March 16, 2016

 

 

VI.    FOR DISCUSSION:

 

Add COLA to Staff Pension Plan.pdf

 

 

VII.   FACILITY MAINTENANCE MANAGER’S REPORT:

 

A.        Results of the Comparable Market Analysis (CMA).pdf

 

B.        Cost of construction for a new building

 

C.        Cost of renting an office building

 

 

VIII.  SOUTHEASTERN ADVISORY SERVICES’ REPORT:

 

A.      GESE Plan Quarterly Performance Report

For quarter ended December 31, 2015.pdf

Presented by Ms. Hilda Thompson

         

B.      DROP Plan Quarterly Performance Report

For quarter ended December 31, 2015.pdf

Presented by Mr. Wally Wilson

 

C.      Meeting with Herndon Capital.pdf

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Agenda –

March 16, 2016

 

 

 

IX.    MONEY MANAGERS’ REPORT:

 

A.        Cramer.pdf

Proxy Report.pdf

 

B.        Seix.pdf

 

C.        Baring.pdf

          Proxy Report.pdf

          Top 10 Brokers.pdf

 

D.        Atlanta Capital.pdf

 

E.         Chicago Equity.pdf

 

F.         Herndon.pdf

          Proxy Report.pdf

 

 

FOR INFORMATION PURPOSES ONLY:

Allianz Performance Report.pdf

BLBG 4th Quarter Report.pdf

Cooke & Bieler Performance Report.pdf

EII Performance Report.pdf

EII Proxy Report.pdf

EII Sector Weights.pdf

Exciting update from Chicago Equity.pdf

Excess Valuation.pdf

Financials.pdf

GASB 67.pdf

GESE Valuation.pdf

SSGA Performance Report.pdf

Staff Valuation.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/AGENDA2016/MARCH 16 2016