City of Coral Gables

File #: 19-9075    Version: 1 Name: Retirement Board Meeting of June 13, 2019
Type: Minutes Status: Noted and Filed
File created: 8/15/2019 In control: City Commission
On agenda: 9/10/2019 Final action: 9/10/2019
Enactment date: Enactment #:
Title: Retirement Board Meeting of June 13, 2019.
Attachments: 1. CC.09-10-2019 June 13, 2019, 2. Minutes 06-13-2019 reviewed

Title

Retirement Board Meeting of June 13, 2019.

Body

SUMMARY OF MEETING

 

1.                     Roll call.

 

2.                     Consent Agenda.

 

All items listed within this section entitled "Consent Agenda" are considered to be self-explanatory and are not expected to require additional review or discussion, unless a member of the Retirement Board or a citizen so requests, in which case, the item will be removed from the Consent Agenda and considered along with the regular order of business. Hearing no objections to the items listed under the "Consent Agenda", a vote on the adoption of the Consent Agenda will be taken.

 

2A.                     The Administrative Manager recommends approval of the Retirement Board meeting minutes for May 9, 2019

 

2B.                     The Administrative Manager recommends approval of the Report of the Administrative Manager.

 

2C.                      The Administrative Manager recommends approval of the following invoice:

1.                     Gabriel Roeder Smith invoice #446791 dated May 13, 2019 for actuarial consulting services during the months of April 1, 2019 through May 3, 2019 in the amount of $13,350.00.

2.                     South Florida International Orthopaedics, PA invoice for additional expenses (16 hours of records review and x-ray of knee) during the Independent Medical Evaluation of Maurice Poirier in the amount of $3,828.00.

 

2D.                     The Administrative Manager recommends approval of the following Purchase of Other Public Employer Service and Purchase of Prior Service: 

 

1.                     David Ruiz of the Labor Relations and Risk Management Department requesting to buy back 1,320 days (3 years, 7 months, 1 day) of Other Public Employer Service Time.

2.                     Ramiro Aguiar of the Automotive Department requesting to receive his prior City service time.

 

3.                     Comments from Retirement Board Chairperson.

 

4.                     Items from the Board Attorney.

 

5.                     Selection and qualification of candidate presentations for Retirement System Board Attorney.  

Time Certain 8:30 a.m.                     Day Pitney LLP

Time Certain 8:50 a.m.                      Klausner Kaufman Jensen & Levinson

Time Certain 9:10 a.m.                      Rice Pugatch Robinson Storfer & Cohen, PLLC

6.                     Discussion of recommendation from the Administrative Manager to approve the Service Connected Disability application of Maurice Poirier based upon the doctors’ reports submitted by the applicant and the Independent Medical Evaluation addressed to the Retirement Board.  Estimated monthly disability retirement benefit is $5,627.35. If Mr. Poirier would retired on his have Normal Retirement date of June 1, 2019, his estimated monthly retirement benefit would have been approximately $3,951.00.  Employee contributions to Retirement System current amount:  $55,210.53.

 

7.                     Investment Issues.

 

8.                     Old Business.

a.                     Status of Retirement Assistant’s 401a vehicle.

 

9.                     New Business.

 

10.                     Public Comment.

 

11.                     Adjournment.