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, MARCH 17, 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:

 

          January 27, 2017.pdf

 

 

II.      FOR APPROVAL:

 

A.               GESE Lump Sum Payments – Exhibit A.pdf

 

B.               GESE Retirement and Deaths – Exhibit B.pdf

 

         

III.    IRS DETERMINATION LETTER:

 

-         IRS Letter.pdf

-         Actuarial Impact Statement IRS Changes.pdf

-         Full Ordinance as Amended.pdf  

-         Ordinance implementing IRS Language.pdf

Agenda –

March 17, 2017

 

 

IV.    ATTORNEY’S REPORT:

         

A.               Securities Litigation Policy.pdf

Deferred at the January 27, 2017, Board Meeting

 

B.      Update on Consulting Services Support Corporation (CSSC)

 

 

V.      ADMINISTRATOR’S REPORT:

 

A.        Proposed Comprehensive Annual Financial Report (Draft)

for fiscal year ended September 30, 2016.pdf

 

B.        Proposed GESE Plan budget for fiscal year

October 1, 2017, to September 30, 2018.pdf

 

C.      Proposed Excess Plan budget for fiscal year

     October 1, 2017, to September 30, 2018.pdf

 

D.      GESE and Staff Retirement Plan Comparison.pdf

 

E.      Proposed Personnel Office Manual.pdf

Deferred at the January 27, 2017, Board Meeting

 

          F.      New hires and/or contract extensions

 

 

VI.    SOUTHEASTERN ADVISORY SERVICES’ REPORT:

 

A.      GESE Plan Quarterly Performance Report

For quarter ended December 31, 2016.pdf

Presented by Ms. Hilda Thompson and

Mr. Wally Wilson

         

B.      DROP Plan Quarterly Performance Report

For quarter ended December 31, 2016.pdf

Presented by Mr. Wally Wilson and

Mr. Wally Wilson

 

C.        Cash flow needed for benefit payments.pdf

 

Agenda –

March 17, 2017

 

 

VII.   MONEY MANAGERS’ REPORT:

 

A.        Cramer.pdf

Proxy Report.pdf

 

B.        Atlanta Capital.pdf

Letter.pdf

 

C.        Chicago Equity.pdf

 

 

FOR YOUR INFORMATION ONLY PACKAGE:

 

Baring International.pdf

Baring Proxy Voting.pdf

Cooke & Bieler.pdf

EII Attribution.pdf

EII Outlook.pdf

EII Performance Report.pdf

EII Proxy Voting.pdf

EII Sector Weights.pdf

Financials.pdf

GESE Excess Benefit Plan Report 2016 Final.pdf

Staff Excess Plan 2017 Benefits.pdf

GESE Staff Valuation Report 2016 Final.pdf

GESE Valuation Report 2016 Final.pdf

GESE GASB 67 FY2016 – Final.pdf

Richmond Capital.pdf

Seix Investment Advisors.pdf

Seix Letter.pdf

State Street Global Advisors.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/MARCH 17 2017