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, SEPTEMBER 25, 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:

 

          July 24, 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

Agenda                                                                                                       September 25, 2015

 

 

III.    DISABILITY APPLICATION:

          Mr. Herman Gutfreund’s disability application

 

IV.    PERSONAL APPEARANCE:

A.        Ms. Gigi Rolle-Holloway

Requesting to buyback time previously offered

 

B.        Mr. Alejandro Pascual

Requesting to buyback time previously offered

 

V.      ICMA’S REPORT:

         

A.        Seminar Lineup.pdf

Presented by Ms. Terry T. Ferguson and

Mr. Fernando De Aguero.pdf

 

B.        Spreadsheet presented by Ms. Terry T. Ferguson and

                    Mr. Fernando De Aguero.pdf

 

C.        Closing fund information.pdf

     Presented by Ms. Terry T. Ferguson and

                   Mr. Fernando De Aguero.pdf

 

D.        ICMA Educational Sessions.pdf

 

 

 

 

 

 

 

Agenda                                                                                                       September 25, 2015

 

VI.    SOUTHEASTERN ADVISORY SERVICES REPORT:

 

A.         ICMA Strategy Review Update.pdf

Presented by Ms. Hilda Thompson and

Mr. Wally Wilson

 

B.           GESE Plan Performance Report

For Quarter ended  June 30, 2015.pdf

Presented by Ms. Hilda Thompson and

Mr. Wally Wilson

 

C.           DROP Plan Performance Report

For Quarter ended  June 30, 2015.pdf

Presented by Ms. Hilda Thompson and

Mr. Wally Wilson

 

D.          Atlanta Capital Meeting update.pdf

Presented by Ms. Hilda Thompson and

Mr. Wally Wilson

 

VII.   MONEY MANAGERS’ REPORT:

A.        Cooke & Bieler.pdf

Proxy Report.pdf

 

B.        Richmond.pdf

 

C.        Atlanta Capital.pdf

 

 

 

 

 

 

Agenda

September 25, 2015

 

VII.   MONEY MANAGERS’ REPORT (Continued):

D.        Baring.pdf

Proxy Report.pdf

Broker Compensation.pdf

 

E.         Chicago Equity.pdf

 

F.         Herndon.pdf

 

VIII.  ATTORNEY’S REPORT:

 

A.        Communication from auditor.pdf

 

B.        Update on September 10, 2015, budget hearing

 

IX.    ADMINISTRATOR’S REPORT:

 

A.        Compensation Comparison Survey for the

Pension Administrator, and other GESE Staff members.pdf

 

B.        Renew Pension Administrator’s Contract.pdf

Deferred at the July 24, 2015, Board Meeting

 

C.        Promote Mr. Edgard Hernandez to Assistant Pension Administrator/

     Financial Manager -  Effective November 16, 2015, at an annual

salary of $120,000

Deferred at the July 24, 2015, Board Meeting

 

 

 

 

 

Agenda

September 25, 2015

 

IX.    ADMINISTRATOR’S REPORT (Continued):

 

D.        Promote Ms. Irma Saldana to Administrative Services Manager

Effective November 16, 2015, at an annual salary of $100,000

Deferred at the July 24, 2015, Board Meeting

 

E.         Approve Ms. Irma Saldana’s revised Offer of Employment.pdf

Deferred at the July 24, 2015, Board Meeting

 

          F.      Proposed 2016 Board Meeting Dates.pdf

 

 

FOR YOUR INFORMATION ONLY PACKAGE:                                                                              

Allianz Performance Report.pdf                                                                                                                       Allianz Fund Participation Report.pdf                                                                                                  Cramer Performance Report.pdf                                                                                                                        Cramer Proxy Report.pdf                                                                                                                         Seix Performance Report.pdf                                                                                                                             Seix letter.pdf