Title
Retirement Board Meeting of May 14, 2015
Body
SUMMARY OF MINUTES
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 April 14, 2015.
2B. The Administrative Manager recommends approval of the Report of the Administrative Manager.
2C. The Administrative Manager recommends approval for the following invoices:
1. The City of Coral Gables invoice #010942 for the rental of City’s public facilities in the amount of $1,317.00 ($439.00/month) and general liability insurance in the amount of $982.26 ($327.42/month) for the months of April thru June 2015.
2. The City of Coral Gables invoice for period ending December 31, 2014 in the amount of $60,185.52 for expenses of the retirement system paid out of the general ledger account of the City.
3. GRS invoice #412548 dated March 31, 2015 for actuarial consulting services for the month of February 2015 in the amount of $7,824.00.
4. GRS invoice #413366 dated April 7, 2015 for actuarial consulting services for the month of March 2015 in the amount of $19,864.00.
3. Items from the Board attorney.
a. The Administrative Manager recommends approval of a settlement to retiree Walter Carlson to correct a mistake in accordance with Retirement Ordinance Section 50-94(a)(4). Mr. Carlson’s monthly amount was incorrectly stated to him in his 2010 DROP certification prepared by Stanley Holcombe and Associates.
4. Attendance of Pete Strong of Gabriel Roeder Smith Ac...
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