City of Miami

General Employees’ & Sanitation Employees’

Retirement Trust






Educational & Planning Symposium


Friday, March 18, 2016






TELEPHONE: 305-441-2300    FAX: 305-441-2307





Please de 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 insure 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, 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.









9:15 a.m. –  9:20 a.m.              Introduction

- Mr. Luis Fernandez, Chairman



9:20 a.m. – 9:20 a.m.               Roll-call

                                                - Mr. Edgard Hernandez, Assistant Pension Administrator



9:20 a.m. – 9:50 a.m.               Educational Session on Investments.pdf

-    Ms. Hilda Thompson and

-    Mr. Wally Wilson, Senior Consultants
     Southeastern Advisory Services, Inc.


9:50 a.m. – 10:20 a.m.             Educational Session on General Trends.pdf

-          Robert D. Klausner, Esq,

      Klausner, Kaufman, Jensen & Levinson



10:20 a.m. – 10:50 a.m.           Educational Session on  Disabilities.pdf            

-          Peter S. Schwedock, Esq.



10:50 a.m. – 11:20 a.m.           Educational Session on Pension Plan Types.pdf

·         Defined Benefit

·         Defined Contribution  

·         Hybrid

-     Mr. Jose Fernandez, Principal and Consulting Actuary

      Cavanaugh Macdonald Consulting, LLC



11:20 a.m. – 11:30 a.m.           Morning Break



11:30 a.m. – 12:00 p.m.          Educational Session on GESE’s Benefits.pdf

·         Retirement eligibility

·         Average final compensation

·         Benefit formulas

·         Forms of payment

·         Backdrop

-     Mr. Jose Fernandez, Principal and Consulting Actuary

Cavanaugh Macdonald Consulting, LLC

-    Mr. Edgard Hernandez, Assistant Pension Administrator





Bi-Annual Educational & Planning Symposium

March 18, 2016

Agenda - Continued




12:00 p.m. –12:30 p.m.           Educational Session on Case Law studies

Pertaining to trustees not meeting their fiduciary duties

-          Ronald A. Silver, Esq.



12:30 p.m. -  1:30  p.m.           Sexual Harassment Educational Session




1:30 p.m. -  2:30 p.m.              Lunch Break




2:00 p..m. – 2:30 p.m.             Educational Session on Class Action Lawsuits

-          Hannah Ross, Esq.

Bernstein Litowitz Berger & Grossmann LLP




2:30 p.m. – 3:00 p.m.            Roundtable Discussion Wrap Up

                                                Open Discussion - All Attendees     



3:00 p.m.                                  Educational & Planning Symposium Concludes

List of Attendees


Board of Trustees


Charlie Cox


Luis Fernandez


Clarence Graves


John Hill


Ann Marie-Sharpe


Sean Moy


Joe Simmons, Jr.


Ronald Thompkins


Elizabeth Warwick





Guest Speakers


Jose Fernandez, Actuary


Robert D. Klausner, Esq


Hannah Ross, Esq.


Peter Schwedock, Esq.


Ronald A. Silver, Esq., Legal Counsel


Hilda Thompson, Investment Consultant


Wally Wilson, Investment Consultant




List of Attendees







Oscar Alvarez


Maria Blandon


Christian Brao


Edgard Hernandez


Marlene Jane


Aimee Martinez


Enrique Mesa


Christopher Recicar


Irma Saldana


Elena Valdes



































The City of Miami General Employees’ & Sanitation Employees’ Retirement Trust is grateful to the guest speakers and all attendees for their participation and input.