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 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.          APPROVAL OF MINUTES:

 

A.          March 23, 2012.pdf

 

B.            April 18, 2012.pdf

 

C.           May 25, 2012 – (To be deferred)

 

 

II.        FOR APPROVAL:

 

A.                GESE Retirements – Exhibit A.pdf

 

B.                 GESE Refunds of Contributions – Exhibit A.pdf

C.                 GESE Ordianry Death – Exhibit A.pdf

 

D.                GESE Accrued Leave Balance – Exhibit B.pdf

Agenda –

July 27, 2012

 

 

 

II.        FOR APPROVAL (Continued):

 

E.         GESE Forward DROP – Exhibit C.pdf

 

            F.         Staff Forward DROP – Exhibit F.pdf

 

 

III.       DISABILITY APPLICATION:

 

            Paul Walters’ disability application

 

 

IV.       ATTORNEY’S REPORT:

 

            New Litigation  (Icahn).pdf

 

 

V.        PENSION ADMINISTRATOR’S REPORT:

 

A.          Contract Renewal.pdf

 

B.           Exhibit A – Subject Matter Expert Agreement.pdf

 

 

VI.       CAVANAUGH MCDONALD CONSULTING SERVICES, LLC:

 

A.                GESE Actuarial Factors

Option Factors.pdf   

Early Ret. Factors.pdf

Service Purchase Factors.pdf

 

B.                 GESE Actuarial Valuation Report.pdf

 

C.                 Staff Actuarial Valuation Report.pdf

 

D.                Excess Actuarial Valuation Report.pdf

 

 

 

 

 

 

Agenda –

July 27, 2012

 

 

 

 

 

VII.     SOUTHEASTERN ADVISORY SERVICES’ REPORT:

 

A.                Atlanta Capital Policy Issues.pdf

 

B.                 Seix Policy Issues.pdf

 

C.                 Cash infusion needed for GESE benefit payments.pdf

 

D.                Request to Designate VT Nuveen Real Estate Securities Fund eligible for DROP