City of Coral Gables

File #: 21-2476    Version: 1 Name: Retirement Board Meeting of April 8, 2021
Type: Minutes Status: Noted and Filed
File created: 5/28/2021 In control: City Commission
On agenda: 6/8/2021 Final action: 6/8/2021
Enactment date: Enactment #:
Title: Retirement Board Meeting of April 8, 2021.
Attachments: 1. CC.04-08-2021 June 8, 2021, 2. Minutes 04-08-2021

Title

Retirement Board Meeting of April 8, 2021.

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 March 11, 2021.

 

 

2B.                     The Administrative Manager recommends approval of the following invoices:

1.                     City of Coral Gables invoice #350706 in the amount of $1,81.50 for General Liability insurance for January through March 2021.

2.                     Gabriel Roeder Smith & Company invoice #460656 in the amount of $26,092.78 for actuarial services during the months of January and February 2021.

3.                     AndCo Consulting invoice #37596 in the amount of $38,062.50 for investment consulting services for January through March 2021.

 

3.                     Comments from Retirement Board Chairperson.

 

4.                     Items from the Board Attorney.

5.                     The Administrative Manager recommends approval of the change of beneficiary for Adolfo Sansores.  The request for the change of beneficiary is a special case for the optional form of payment.  The calcualtion reflects the maximum allowable joint survivor percentages permitted under IRS regulations.

6.                     Update by Yolanda Menegazzo of LagomHR regarding the implementation of the Pension Administration System. 

7.                     Discussion and approval of the 2014-2019 Experience Study by Pete Strong of Gabriel Roeder Smith.   

 

8.                     Investment Issues.

 

9.                     Old Business.

 

10.                     New Business.

 

11.                     Public Comment.

 

12.                     Adjournment.