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 30, 2011

 

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.          PLAQUE PRESENTATION TO ROSE GORDON, CHAIRPERSON EMERITUS

 

 

 

II.        APPROVAL OF MINUTES:

 

            July 29, 2011

            SUMMARY MOTIONS EXHIBITS.PDF

 

 

 

 

 

 

 

 

Agenda –

September 30, 2011

 

 

 

III.       FOR APPROVAL:

 

A.                GESE Retirements – Exhibit A

EXHIBIT A.PDF

                                   

B.        GESE Refunds of Contributions – Exhibit A

            EXHIBIT A.PDF

 

C.        GESE Accrued Leave Balance Rollovers – Exhibit B

            EXHIBIT B.PDF

 

D.        GESE Forward DROP – Exhibit C

                        EXHIBIT C.PDF      

 

            E.         Staff Refund of Contributions – Exhibit E

                        EXHIBIT E.PDF

 

F.         Staff Forward DROP – Exhibit F

                        EXHIBIT F.PDF

 

  G.        Ratify payment for Invoice #5344 in the amount of $2,698.33

Of which $1,275.00 were for actuarial consulting services in

Connection with changes to the GESE Plan

                        INVOICE 5344.PDF

 

  H.        Ratify payment for Invoice #5908 in the amount of $8,158.33

Of which $630.00 were for actuarial consulting services in

Connection with changes to the GESE Plan

                        INVOICE 5908.PDF

 

 

IV.       DISABILITY APPLICATIONS:

 

A.          Mr. Paul Walters’ disability application –

Deferred at the May 25, 2011, Board Meeting

 

B.           Mr. Willie Mason’s disability application

 

 

 

 

 

 

 

 

 

Agenda –

September 30, 2011

 

 

V.        PERSONAL APPEARANCE:

 

Ms. Diana Gomez, Executive –

Requesting to join GESE

DIANA GOMEZ.PDF

 

 

VI.       CAVANAUGH MACDONALD CONSULTING, LLC:

 

A.          Update on Letter from State Actuary regarding 2008, 2009                                     and 2010 Actuarial Valuations

GESE VALUATIONS ACCEPTED.PDF

STAFF VALUATIONS ACCEPTED.PDF

 

B.           Proposed contract renewal

CAVANAUGH CONTRACT.PDF

 

 

VII.     ATTORNEY’S REPORT:

 

A.          Update on budget hearings

 

B.        Update on $1.6 million owed to GESE by City of Miami

 

 

VIII.    ADMINISTRATOR’S REPORT:

 

            2012 Proposed board meeting dates

            PROPOSED BOARD MEETING DATES.PDF

 

 

 

IX.       SOUTHEASTERN ADVISORY SERVICES’ REPORT:

 

 

A.          GESE Plan Quarterly Performance Report

For quarter ended June 30, 2011

Presented by Ms. Hilda Thompson and

Mr. Wally Wilson

                        GESE QUARTERLY REPORT.PDF          

 

B.        DROP Plan Quarterly Performance Report

For quarter ended June 30, 2011

Presented by Ms. Hilda Thompson and

Mr. Wally Wilson

            DROP QUARTERLY REPORT.PDF

Agenda –

September 30, 2011

 

 

 

IX.       SOUTHEASTERN ADVISORY SERVICES’ REPORT (Continued):

 

C.        Cash infusion needed for benefit payments

                        CASH FLOW.PDF

 

D.        Proposed contract renewal

                        SOUTHEASTERN CONTRACT.PDF

 

 

X.        MONEY MANAGERS’ REPORT:

 

 

A.          Axiom

AXIOM.PDF

 

B.           Invesco

INVESCO REPORT.PDF

            INVESCO PROXY VOTING.PDF

 

C.           Insight Capital Research & Management

INSIGHT.PDF

 

D.          Thompson, Siegel and Walmsley

TSW REPORT.PDF

TSW COMMISSION REPORT.PDF

TSW VOTING REPORT.PDF

 

E.           BlackRock

BLACKROCK.PDF

 

 

For Your Information Only Package:

ATLANTA CAPITAL LETTER.PDF

ATLANTA CAPITAL QTRLY REPORT.PDF

ATLANTA CAPITAL MONTHLY REPORT.PDF

BERNSTEIN LITOWITZ.PDF

CHICAGO EQUITY REPORT.PDF

CHICAGO EQUITY SUMMARY.PDF

COOKE & BIELER.PDF

GASB ISSUES.PDF

GESE DROP INVESTMENT POLICIES.PDF

STAFF DROP INVESTMENT POLICIES.PDF

RICHMOND CAPITAL.PDF

STATE STREET GLOBAL ADVISORS.PDF

 

 

WrD/R/AGENDA2011/SEPTEMBER 30  2011