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 29, 2017

 

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:

 

          July 28, 2017.pdf

 

 

II.      FOR APPROVAL:

 

A.               GESE Lump Sum Payments – Exhibit A.pdf

 

B.               GESE Retirements and Deaths – Exhibit B.pdf

 

 

 

 

 

Agenda –

September 29, 2017

 

 

III.    PERSONAL APPEARANCES:

 

          A.      Ms. Gurinder Pannu –

                   Requesting to buyback time previously offered.pdf

 

          B.      Ms. Judy Marsie-Hazen –

                   Requesting retro retirement payments.pdf

                   Deferred at the July 28, 2017, Board Meeting

 

          C.      Ms. Naomi I. Beckford –

                   Requesting to change her designated beneficiary.pdf

                   Actuarial Calculation.pdf       

                   Deferred at the July 28, 2017, Board Meeting

 

          D.      Ms. Myriam Caquimbo –

                   Requesting to change her designated beneficiary.pdf

 

          E.      Mr. Jose Romano

                   Requesting to change his designated beneficiary.pdf

                   Actuarial Calculation.pdf

 

 

IV.    ADMINISTRATOR’S REPORT:

 

          A.      Proposed 2018 Board Meeting Dates.pdf

 

          B.      Summary of building electrical issues.pdf

                    Power Quality Summary.pdf

                  

          C.      Commence building overhaul

 

 

V.      CAVANAUGH MCDONALD’S REPORT:

 

          Actuarial Service Contract Renewal.pdf

          Presented by Mr. Jose Fernandez

 

 

Agenda –

September 29, 2017

 

 

VI.    ATTORNEY’S REPORT:

                   

          A.      Update on Mr. Ducarmel Bonica

 

          B.      Legal opinion requested by Trustee Moy regarding buybacks from                     employees that worked less than 40 hours a week but were converted to           full-time employees by the city

                   Deferred at the July 28, 2017, Board Meeting

 

          C.      Update on Staff Pension Plan

                   Deferred at the July 28, 2017, Board Meeting

 

 

VII.   SOUTHEASTERN ADVISORY SERVICES’ REPORT:

 

A.        GESE Plan Performance Report

For Quarter ended June 30, 2017.pdf

Presented by Ms. Hilda Thompson and

Mr. Wally Wilson

 

B.        DROP Plan Performance Report

For Quarter ended June 30, 2017.pdf

Presented by Ms. Hilda Thompson and

Mr. Wally Wilson

 

          C.      Consulting Services Support Corporation.pdf

                   Presented by Mr. Eric Smith

 

 

VIII.  MONEY MANAGERS’ REPORT:

 

          A.      Richmond Capital Management Summary.pdf

                   Richmond Capital Management Quarterly Report.pdf

 

          B.      Cooke & Bieler.pdf

 

          C.      Atlanta Capital Management.pdf

                   Investment Outlook.pdf

 

 

Agenda –

September 29, 2017

 

 

 

 

 

FOR YOUR INFORMATION ONLY PACKAGE:

Barings Quarterly Report.pdf

Cramer Proxy Report.pdf

Cramer Quarterly Report.pdf

CSSC Investment Advisory Services Brochure.pdf

EII Proxy Report.pdf

EII Quarterly Report.pdf

EII Realty Securties.pdf

EII Sector Weights.pdf

Seix Quarterly Report.pdf

Seix Letter.pdf

Seix Special Commentary.pdf

SSGA Performance & Analysis.pdf

SSGA Quickview Valuation.pdf

SSGA Transaction History.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/AGENDA2017/SEPTEMBER 29, 2017