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 25, 2013

 

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:

           

Deferred at the September 28, 2012, and November 30, 2012, board meetings

 

 

II.        APPROVAL OF MINUTES:

 

            November 30, 2012.pdf

 

 

III.       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 Forward DROP – Exhibit C.pdf

 

 

 

 

 

Agenda

January 25, 2013

 

 

 

IV.       PERSONAL APPEARANCES:

 

A.    Ana M. Alvarez –

 Requesting to pay off her buyback after her five years have passed

Deferred at the November 30, 2012, board meeting

 

B.     Natalia Onikendo –

                   Requesting to buyback time previously offered

 

 

V.        DISABILITY APPLICATION:

 

A.    Paul Walters’ disability application – Deferred at the July 27, 2012,

September 28, 2012, and November 30, 2012, board meetings

 

            B.  Hector G. Herrera’s disability application –

Deferred at the November 30, 2012, board meeting

 

C.  Annette Wilson’s disability application

 

 

VI.       ICMA-RC CORPORATION’S REPORT:

 

A.    GESE DROP Review.pdf

Presented by Mr. Walid Refai 

 

B.     GESE DROP Investment Presentation.pdf

Presented by Mr. Fernando C. De Aguero  

                  and Ms. Terry Toledo-Ferguson

 

C.     Staff DROP Investment Presentation.pdf

Presented by Mr. Fernando C. De Aguero 

      and Ms. Terry Toledo-Ferguson

 

 

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

            Presentation of the annual audit and financial statements

            for fiscal year ending September 30, 2012.pdf

Presented by Mr. Anthony Brunson

 

 

 

 

 

 

 

 

 

 

Agenda

January 25, 2013

 

 

 

VIII.    CAVANAUGH MACDONALD CONSULTING, LLC:

 

A.        2012 GESE’s Draft Actuarial Valuation to determine

the city’s contribution for fiscal year

October 1, 2013 – September 30, 2014.pdf

Presented by Mr. Jose Fernandez

 

B.                 2012 Staff  Defined Benefit Plan’s Draft Actuarial Valuation

to determine the city’s contribution for fiscal year

October 1, 2013 – September 30, 2014.pdf

Presented by Mr. Jose Fernandez

 

C.                 2012 Excess Benefit Plan’s Draft Actuarial Valuation

to determine the city’s contribution for fiscal year

October 1, 2013 – September 30, 2014.pdf

Presented by Mr. Jose Fernandez

 

 

IX.       ATTORNEY’S REPORT:

 

A.           Legal opinion regarding the rights of employees that received

       supplement pay as pensionable in error

 

B.            Mr. Henry Kenny appealing the Board’s decision of September 28, 2012,

       of not granting him a change of beneficiary.pdf

 

C.            Mr. Gilbert Carty appealing the Board’s decision of September 28, 2012,

       of not granting him a change of beneficiary.pdf

 

D.           Tallahassee Report

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Agenda

January 25, 2013

 

 

 

X.        SOUTHEASTERN ADVISORY SERVICES’ REPORT:

 

A.    GESE’s Investment Policies.pdf

Presented by Ms. Hilda Thompson and

Mr. Wally Wilson

 

B.     Staff Investment Policies.pdf

Presented by Ms. Hilda Thompson and

Mr. Wally Wilson

 

C.     Cooke & Bieler’s proposed performance based fee.pdf

Presented by Ms. Hilda Thompson and

Mr. Wally Wilson

 

D.    Alternative Investments Educational Session.pdf

Presented by Mr. Todd Borton, CFA, CAIA,

Managing Principal of Southeastern Advisory Services, Inc.pdf

 

 

 

FOR YOUR INFORMATION ONLY PACKAGE:

Final GESE Valuation Report as of 10-01-2011.pdf

 

 

 

WrD/R/AGENDA2013/JANUARY 25 2013