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 20, 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:

 

          January 30, 2015.pdf

 

 

II.      FOR APPROVAL:

 

A.               GESE Retirements – Exhibit A.pdf

 

B.               GESE Refunds of Contributions – Exhibit A.pdf

 

C.               GESE Ordinary Death Benefit – Exhibit A.pdf

 

D.               GESE Accrued Leave Balance Rollovers – Exhibit B.pdf

 

E.                GESE BacDROP and Forward DROP – Exhibit C.pdf

 

 

Agenda

March 20, 2015

 

 

III.    ATTORNEY’S REPORT:

 

          Legal opinion on Mr. Rafael Suarez Rivas request to re-join

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

Deferred at the January 30, 2015, Board Meeting.

 

 

IV.    FOR DISCUSSION:

 

3% salary increase for GESE Staff

Presented by Trustee Sean Moy

 

 

V.      ADMINISTRATOR’S REPORT:

 

Proposed Comprehensive Annual Financial Report (Draft)

for fiscal year ended September 30, 2014.pdf

          Presented by Sandra Elenberg, Pension Administrator

 

 

VI.    ASSISTANT PENSION ADMINISTRATOR’S REPORT:

 

A.               Proposed GESE Plan budget for fiscal year

October 1, 2015, to September 30, 2016.pdf

                   Presented by Mr. Edgard Hernandez, Assistant Pension Administrator

 

B.      Proposed Excess Plan budget for fiscal year

October 1, 2015, to September 30, 2016.pdf

                   Presented by Mr. Edgard Hernandez, Assistant Pension Administrator

 

 

 

 

 

 

 

 

 

 

 

Agenda

March 20, 2015

 

 

VII.   SOUTHEASTERN ADVISORY SERVICES’ REPORT:

 

A.      GESE Plan Quarterly Performance Report

For quarter ended December 31, 2014.pdf

Presented by Ms. Hilda Thompson and

Mr. Wally Wilson

 

-         Historical Earnings.pdf

         

B.      DROP Plan Quarterly Performance Report

For quarter ended December 31, 2014.pdf

Presented by Ms. Hilda Thompson and

Mr. Wally Wilson

 

C.        DROP Mid-Cap Fund Review.pdf

 

D.        Investment Policies for the GESE Plan.pdf

 

E.         Investment Policies for the Staff Plan.pdf

 

F.         Investment Policies for the GESE DROP Plan.pdf

 

G.        Investment Policies for the Staff DROP Plan.pdf  

 

 

VIII.  MONEY MANAGERS’ REPORT:

 

A.        Baring.pdf

 

B.        Cramer Rosenthal.pdf

Cramer Proxy Report.pdf

                  

C.        Seix.pdf

 

D.        Chicago Equity.pdf

 

E.         Herndon Capital.pdf

Herndon Proxy Report.pdf

 

 

Agenda

March 20, 2015

 

 

 

 

FOR YOUR INFORMATION ONLY PACKAGE:

Allianz Performance Report.pdf

Cooke & Bieler Performance Report.pdf

Insight Performance Report.pdf

Insight’s letter to Administrator.pdf

Insight Portfolio Review.pdf

GASB 67 Report.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/MARCH 20 2015