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 21, 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.       APPROVAL OF MINUTES:

 

          January 31, 2014.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 21, 2014

 

 

III.    CAVANAUGH MACDONALD CONSULTING, LLC:

 

Fees for the new GASB rules and for SB 534.pdf

Presented by Mr. Jose Fernandez

 

 

IV.    ATTORNEY’S REPORT:

 

          Reconsider motion made during symposium and make a new motion

(Regarding Cash Flow Needed for Pension Benefits.)

 

 

V.      ASSISTANT PENSION ADMINISTRATOR’S REPORT:

 

          Clarify buyback motion made at the January 31, 2014, board meeting

(Regarding former members that left their monies in GESE and are going to buyback the time they were gone from the city.)

a.     Do we use current rate of pay or old pay rate?

b.     Do we charge interest or not?

c.      By when do members have to elect to buyback the time, immediately or

any time prior to retirement/separation?

d.     How long do members have to repay the buyback?

 

 

VI.    ADMINISTRATOR’S REPORT:

 

A.        Proposed Comprehensive Annual Financial Report (Draft)

for fiscal year ended September 30, 2013.pdf

 

B.      Proposed GESE Plan budget for fiscal year

October 1, 2014, to September 30, 2015.pdf

 

C.      Proposed Excess Plan budget for fiscal year

October 1, 2014, to September 30, 2015.pdf

 

 

 

 

 

 

Agenda

March 21, 2014

 

 

 

VII.   SOUTHEASTERN ADVISORY SERVICES’ REPORT:

 

A.      GESE Plan Quarterly Performance Report

For quarter ended December 31, 2013.pdf

Presented by Ms. Hilda Thompson and

Mr. Wally Wilson

 

-         Historical Earnings.pdf

         

B.      DROP Plan Quarterly Performance Report

For quarter ended December 31, 2013.pdf

Presented by Ms. Hilda Thompson and

Mr. Wally Wilson

 

 

VIII.  MONEY MANAGERS’ REPORT:

 

A.        Baring.pdf

Baring Proxy Report.pdf

Baring top ten brokers.pdf

 

B.        Cramer Rosenthal.pdf

Cramer Proxy Report.pdf

                  

C.        Herndon Capital.pdf

-         E-mail.pdf

 

D.        Seix.pdf

 

 

 

 

 

 

 

 

 

 

 

 

Agenda

March 21, 2014

 

 

 

 

 

FOR YOUR INFORMATION ONLY PACKAGE:

Fiscal Year 2013 Audit.pdf

Fiscal Year 2013 Financials.pdf

SSGA.pdf

Insight.pdf

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

WRD/R/AGENDA2014/MARCH 21 2014