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 29, 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:

 

          March 20, 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 BACDROP and Forward DROP – Exhibit C.pdf

 

E.                GESE BACKDROP – Exhibit G.pdf

 

 

 

III.    PERSONAL APPEARANCES:

 

A.        Ms. Juky Ann A. Jones -

     Requesting to buyback time previously offered

 

B.        Ms. Murlande Sam -

     Requesting to buyback time previously offered

 

C.        Ms. Laurette C. Demetrius -

     Requesting to buyback time previously offered

         

D.        Mr. Victor Igwe -

     Requesting that his pension benefits be paid retro to June 28, 2011.pdf

 

 

IV.    ICMA’S  REPORT:

 

A.        The addition of the Real Estate option in the line-up of funds

Presented by Ms. Terry Toledo-Ferguson and

Mr. Fernando De Aguero

 

B.        Underperforming funds

Presented by Ms. Terry Toledo-Ferguson and

Mr. Fernando De Aguero

 

 

V.      ATTORNEY’S REPORT:

 

A.        Proposal to adopt a Privacy Policy.pdf

Draft Policy.pdf

 

B.        Update on Rodriguez lawsuit.pdf

 

C.        Renew Attorney’s Contract

 

 

 

VI.    ASSISTANT PENSION ADMINISTRATOR’S REPORT:

 

A.         Proposed GESE Summary Plan Description.pdf

 

B.         Proposed BACKDROP Option Application/Agreement.pdf

 

C.         Proposed miscellaneous forms.pdf

 

 

VII.   SOUTHEASTERN ADVISORY SERVICES’ REPORT:

 

A.      GESE Plan Quarterly Performance Report

For quarter ended March 31, 2015.pdf

Presented by Ms. Hilda Thompson and

Mr. Wally Wilson

 

B.      Staff Plan Semi-Annual Performance Report

For quarter ended March 31, 2015.pdf

Presented by Ms. Hilda Thompson and

Mr. Wally Wilson

 

C.      DROP Plan Quarterly Performance Report

For quarter ended March 31, 2015.pdf

Presented by Ms. Hilda Thompson and

Mr. Wally Wilson

 

D.         Three Year Experience Study.pdf

Presented by Ms. Hilda Thompson and

Mr. Wally Wilson

 

E.          Herndon Capital’s fee reduction.pdf

 

F.          Cash flow needed for benefit payments.pdf

 

 

VIII.  MONEY MANAGERS’ REPORT:

 

A.        Insight Capital Management.pdf

 

B.        Baring.pdf

Proxy Voting Report.pdf

Broker Compensation.pdf

 

C.        Chicago Equity.pdf

 

D.        Herndon Capital.pdf

 

E.         Atlanta Capital.pdf

1Q2015 Report.pdf

 

 

 

FOR YOUR INFORMATION ONLY PACKAGE:

Atlanta Capital Letter.pdf

Cramer.pdf

Cramer Proxy Report.pdf

EII.pdf

EII Proxy Report.pdf

EII Real Estate Securities.pdf

EII Portfolio Attribution.pdf

EII REIT Sector Weight.pdf

NFJ.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/MAY 29 2015