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, MAY 25, 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:

 

          March 23, 2018.pdf

 

 

II.      FOR APPROVAL:

 

A.               GESE Lump Sum Payments – Exhibit A.pdf

 

B.               GESE Retirements and Deaths – Exhibit B.pdf

 

 

 

 

 

Agenda –

May 25, 2018

 

 

III.    PERSONAL APPEARANCES:

 

          A.      Ms. Domini Gibbs –

                   Requesting to buyback time previously offered

 

          B.      Mr. Ducarmel Bonica -

                   Requesting retro-active pension benefits

 

          C.      Mr. Roberto Fenton -

                    Requesting to buyback prior service.pdf

                   (Deferred at the March 23, 2018, Board Meeting)

 

 

IV.    DISCUSSION OF PENSION BENEFITS, PRESENTED

          BY MR. JOE SIMMONS, JR. CHAIRMAN:

         

          Restoration of Benefits Letter to City Manager.pdf

 

 

V.      ADMINISTRATOR’S REPORT:

 

A.      Proposed Disaster Recovery Plan.pdf

 

          B.      RFP for building renovations

 

          C.      Draft Symposium Agenda.pdf

 

          D.      Ratify Amendment to Cavanaugh Macdonald’s contract.pdf

 

 

VI.    CAVANAUGH MACDONALD CONSULTING, LLC:

 

          Impact Statement.pdf

          Presented by Mr. Todd Green

 

 

 

 

 

Agenda –

May 25, 2018

 

 

 

VII.   PROFESSIONAL SERVICES AGREEMENT:

 

          Approval of Professional Services Agreement.pdf

          Presented by Mr. Jose Fernandez

 

 

VIII. ATTORNEY’S REPORT:

         

          Former CPA Auditing Firm

 

 

IX.    SOUTHEASTERN ADVISORY SERVICES’ REPORT:

 

A.      GESE Plan Quarterly Performance Report

For quarter ended March 31, 2018.pdf

Presented by Ms. Hilda Thompson and

Mr. Wally Wilson

         

B.      Staff Plan Semi-Annual Performance Report

For quarter ended March 31, 2018.pdf

Presented by Ms. Hilda Thompson and

Mr. Wally Wilson

 

C.      DROP Plan Quarterly Performance Report

For quarter ended March 31, 2018.pdf

Presented by Ms. Hilda Thompson and

Mr. Wally Wilson

 

          D.      Three Years Experience Study.pdf

Presented by Ms. Hilda Thompson and

Mr. Wally Wilson

 

          E.      Cash flow needed for benefit payments

 

 

 

 

 

 

 

Agenda –

May 25, 2018

 

 

 

X.      CSSC INVESTMENT ADVISORY SERVICES’ REPORT:

 

          A.      Quarterly Performance Analysis.pdf

                    Presented by Mr. Eric Smith and

                    Mr. John Reynolds

 

          B.      CSSC’s engagement renewal.pdf

 

 

XI.    MONEY MANAGERS’ REPORT:

 

A.        Atlanta Capital Presentsation.pdf

     Atlanta Capital Performance Report.pdf

     Investment Outlook.pdf

     Letter.pdf

 

B.        Barings.pdf

 

 

XII.   RECOMMENDATIONS ON ATLANTA CAPITAL:

 

          A.      Recommendations from Southeastern Advisory Services.pdf

 

          B.      Recommendations from CSSC.pdf

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Agenda –

May 25, 2018

 

 

 

 

For Information Purposes Only:

Final CAFR.pdf

Final GASB 67.pdf

GESE Approved Budget.pdf

Excess Approved Budget.pdf

Cooke & Bieler Performance Report.pdf

Cramer, Rosenthal, McGlynn Commission Report.pdf

Cramer, Rosenthal, McGlynn Performance Report.pdf

Cramer, Rosenthal, McGlynn Proxy Report.pdf

Garcia Hamilton Performance Report.pdf

Richmond Capital Performance Report.pdf

Seix Performance Report.pdf

Seix Letter.pdf

SSGA Performance Report.pdf

SSGA Forecasts.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/MAY 25 2018