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 23, 2018

 

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 26, 2018.pdf

 

 

II.      FOR APPROVAL:

 

A.               GESE Lump Sum Payments – Exhibit A.pdf

 

B.               GESE Retirements and Deaths – Exhibit B.pdf

 

 

 

 

 

 

Agenda –

March 23, 2018

 

 

III.    PERSONAL APPEARANCES:

 

          Mr. Roberto Fenton -

          Requesting to buyback prior service.pdf

          Corresponding ordinances at the time.pdf

          (Deferred at the January 26, 2018, Board Meeting)

 

IV.    EXECUTIVE SESSION:

 

 

V.      ADMINISTRATOR’S REPORT:

 

A.           Proposed Comprehensive Annual Financial Report (Draft)

for fiscal year ended September 30, 2017.pdf

 

B.           Proposed GESE Plan budget for fiscal year

October 1, 2018, to September 30, 2019.pdf

 

C.      Proposed Excess Plan budget for fiscal year

          October 1, 2018, to September 30, 2019.pdf

 

D.      Proposed Preliminary Symposium Agenda.pdf

 

 

VI.    ATTORNEY’S REPORT:

         

          A.      Judith Marsie-Hazen versus City of Miami GESE

 

          B.      Administrative Rules

                   - Opinion/Rule on holding pension checks

 

          C.      BLB&G

 

 

 

 

 

 

 

Agenda –

March 23, 2018

 

 

VII.   CAVANAUGH MACDONALD CONSULTING, LLC:

 

          Impact of Proposed Plan changes.pdf

          Presented by Ms. Micki Taylor and Mr. Todd Green

 

 

VIII. SOUTHEASTERN ADVISORY SERVICES’ REPORT:

 

A.      GESE Plan Quarterly Performance Report

For quarter ended December 31, 2017.pdf

Presented by Ms. Hilda Thompson and

Mr. Wally Wilson

         

B.      DROP Plan Quarterly Performance Report

For quarter ended December 31, 2017.pdf

Presented by Ms. Hilda Thompson and

Mr. Wally Wilson

 

          C.      DROP International Equity Fund Review.pdf

Presented by Ms. Hilda Thompson and

Mr. Wally Wilson

1.  VT Harbor International Fund.pdf

2.  VT Vantagepoint International Fund.pdf

3.  VT Vantagepoint Overseas Equity Index Fund.pdf

 

 

IX.    CSSC INVESTMENT ADVISORY SERVICES’ REPORT:

 

          Quarterly Performance Analysis.pdf

          Presented by Mr. Eric Smith and

          Mr. John Reynolds

 

 

X.      MONEY MANAGERS’ REPORT:

 

A.        Cramer.pdf

Proxy Report.pdf

 

B.        Atlanta Capital.pdf

 

 

Agenda –

March 23, 2018

 

 

 

For Information Purposes Only:

 

Barings Performance Report.pdf

BLB&G Invitation.pdf

Cooke & Bieler Performance Report.pdf

Garcia Hamilton Performance Report.pdf

GASB 67 (Draft).pdf

GESE Plan 2017 Valuation - Final.pdf

GESE Excess Plan 2017 Valuation - Final.pdf

GESE Investment Policies.pdf

Richmond Performance Report.pdf

Seix Letter.pdf

Seix Performance Report.pdf

SSGA Investment Commentary.pdf

SSGA Performance & Analysis.pdf

Staff Plan 2017 Valuation - Final.pdf

Staff Excess Plan 2017 Valuation - Final.pdf

Staff Investment Policies.pdf

GESE Financials.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/AGENDA2018/MARCH 23 2018