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, JANUARY 27, 2012

 

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.          ELECT NEW CHAIR:

 

 

II.        ELECT NEW VICE-CHAIR:

 

 

III.       APPROVAL OF MINUTES:

 

            November 18, 2011

            November 18 2011 minutes.pdf

            November 18 2011 motions.pdf

            Exhibit A for minutes.pdf

             Exhibit B for minutes.pdf

            Exhibit C for minutes.pdf

 

 

 

 

 

 

 

Agenda –

January 27, 2012

 

 

 

IV.       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.         GESE Refund of Remaining Balance on Accrued Leave Balance Rollover- Exhibit D

                        Exhibit D.pdf

                       

F.         Staff Forward DROP – Exhibit F

                        Exhibit F.pdf

 

 

V.        ICMA-RC CORPORATION’S REPORT:

 

            Presented by Mr. Fernando C. De Aguero

            Miami GESE Fund Letter.pdf

            Miami GESE DROP.pdf

            Miami GESE DROP Performance.pdf

 

 

VI.       PERSONAL APPEARANCES:

 

            Ms. Alicia Squitin requesting to buyback time previously offered

 

 

VII.     DISABILITY APPLICATION:

 

            Mr. Frederick Gilbert’s disability application

 

 

VIII.    SHARPTON, BRUNSON & COMPANY,  P.A.:

 

            Presentation of the annual audit and financial statements

            for fiscal year ending September 30, 2011

Presented by Mr. Anthony Brunson

            Annual Audit.pdf

 

 

 

Agenda –

January 27, 2012

 

 

 

IX.       CAVANAUGH MACDONALD CONSULTING, LLC:

 

A.        2011 GESE’s  Preliminary Actuarial Valuation to determine

the city’s contribution for fiscal year

October 1, 2012 – September 30, 2013

Presented by Mr. Jose Fernandez

GESE Preliminary Valuation.pdf

 

B.                 2011 Preliminary Staff Defined Benefit Plan’s Actuarial Valuation

to determine the city’s contribution for fiscal year

October 1, 2012 – September 30, 2013

Presented by Mr. Jose Fernandez

                        Staff Preliminary Valuation.pdf

 

 

X.        ATTORNEY’S REPORT:

 

 

 

XI.       ADMINISTRATOR’S REPORT:

 

 

 

XII.     SOUTHEASTERN ADVISORY SERVICES’ REPORT:

 

A.    Investment Issues

Investment Issues.pdf

 

B.     Motion needed for Three Year Experience Study

 

 

XIII.    MONEY MANAGER’S REPORT:

 

 

            Seix

Seix.pdf

 

 

 

WrD/R/AGENDA2011/JANUARY 27 2012