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, JULY 25, 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:

 

          May 30, 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 Forward DROP – Exhibit C.pdf

 

 

 

 

Agenda

July 25, 2014

 

 

III.    PERSONAL APPEARANCE:

 

          Mr. Roberto Lopez.pdf –

          Requesting to buyback time previously offered

 

IV.    ATTORNEY’S REPORT:

 

A.        Update on lawsuit against the Board and individual Staff Members

 

B.        Insight Capital asked to continue holding C&J Shares

 

C.        Legal opinion on Summary of Plan Changes for new

BACKDROP effective January 1, 2013.pdf

1.     Does COLA apply during the BACKDROP period?

2.     Can a member BACKDROP to a date before January 1, 2013?

(Deferred at the May 30, 2014, Board Meeting.)

 

D.      FIPO’s Ordinance regarding change of beneficiaries after retirement.pdf

(Regarding Richard Badali’s request at the May 30, 2014, Meeting)

 

V.      SOUTHEASTERN ADVISORY SERVICES’ REPORT:

 

A.       Cash flow needed for Staff Plan benefit payments.pdf

 

B.        Manager’s fee savings analysis.pdf

 

 

 

FOR YOUR INFORMATION ONLY PACKAGE:

Approved Disaster Recovery Plan.pdf

Comprehensive Annual Financial Report (CAFR).pdf 

Letter from Atlanta Capital.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/AGENDA2014/JULY 25 2014