Employees' Retirement System

CITY OF HIALEAH EMPLOYEES' RETIREMENT SYSTEM Board Chairman Board Members Robert W. Williams III Michael Rosengaus Board Vice Chairman Manuel Ferrera Jonathan A. Martinez Robert W. Williams Board Secretary Gelien Perez MinyingHo Board' Attorney Stuart Kaufman REGULARLY SCHEDULED MEETING OF THE BOARD OF TRUSTEES APRIL 17, 2018 1:30 P.M. CITY OF HIALEAH COUNCIL CHAMBERS Robert W. Williams Ill, Chairman Present Jonathan A. Martinez, Vice Chairman Present Min Ying Ho, Secretary Present Robert W. Williams Present Gelien Perez Absent Manuel R. Ferrera Present Michael Rosengaus Absent Stuart Kaufman, Board Attorney Present Grisell Aedo, Clerk of the Board Present Moment of Silence Led by Mr. B. Williams Withdrawals, Deferrals or Additions Roll Call Public Comments Robert Spiegel made a comment. MOTION by Mr. Ho seconded by Mr. Martinez, as follows: "To approve to review Robert Spiegel's file" MOTION carried a 5-0-2 vote with B. Williams, M. Ho, Ferrera, Martinez, and R. Williams voting "Yes" and G. Perez and Rosengaus absent. TELEPHONE: (305) 883-5872 Retirement Summary Agenda April 17, 2018 Item 1 Reports to the Board: A) CapTrust Item 2 Application for Normal Retirement, pursuant to Section 70-238, cases of: A) Debbie Ball (Fire) B) Ricardo Fernandez (Police) * *DROP MOTION by Mr. Martinez seconded by Mr. Ferrera, as follows: "To approve Normal Retirement of Item 2A, Debbie Ball (Fire), 28, Ricardo Fernandez (Police). MOTION carried a 5-0-2 vote with B. Williams, M. Ho, Ferrera, Martinez, and R. Williams voting "Yes" and G. Perez and Rosengaus absent :" DROP Participant. Item 3 Application for Joint Pensioner Retirement, pursuant to Section 70-243, case of: A) Jeffrey Lagomacini (Education and Community Services) MOTION by Mr. Martinez seconded by Mr. Ferrera, as follows: "To approve Joint Pensioner Retirement of Item 3A, Jeffrey Lagomacini (Education and Community Services) MOTION carried a 5-0-2 vote with B. Williams, Martinez, M. Ho, Ferrera,, and R. Williams voting "Yes" and Ms. Perez and Rosengaus absent 2 Retirement Summary Agenda April 17, 2018 Item4 Application for Deferred Retirement, pursuant to Section 70-239, case of: I A) Haydee Rodriguez (Water and Sewers) MOTION by Mr. Ferrera , seconded by Mr. Martinez, as follows: "To approve Item 4A Deferred Retirement of Haydee Rodriguez (Water and Sewers); MOTION carried a 5-0-2 vote with B. Williams, M. Ho, Ferrera, Martinez and R. Williams voting "Yes" and Ms. Perez AND Rosengaus absent Item 5 Discussion and possible approval to prepare RFP for Custodial Bank. (TABLED 5/16/2017) Update by Mr. Kaufman. MOTION by Mr. Martinez, seconded by Mr. Ferrera, as follows: "Remove from Table" MOTION carried a 5-0-2 vote with B. Williams, M. Ho, Ferrera, Martinez and R. Williams voting "Yes" and Ms. Perez and Rosengaus absent. MOTION by Mr. R. Williams, seconded by Mr. Ferrera, as follows: "To authorize council to negociate contract with Comerica and to authorize the council to terminate the contract with State Street once we have a contract in place with Comerica" MOTION carried a 5-0-2 vote with B. Williams, M. Ho, Ferrera, Martinez and R. Williams voting "Yes" and Ms. Perez and Rosengaus absent. Item 6 Request to pay invoice from Klausner, Kaufman, Jensen & Levinson in the total amount of $3,500.00 for services rendered through March 31, 2018. 3 Retirement Summary Agenda April 17, 2018 MOTION by Mr. Martinez, seconded by Mr. Ferrera, as follows: "To approve Item 6 to pay invoice from Klausner, Kaufman, Jensen & Levinson in the total amount of $3,500.00 for services rendered for March 2018." MOTION carried a 5-0-2 vote with B. Williams, M. Ho, Ferrera, Martinez and R. Williams voting "Yes" and Ms. Perez and Rosengaus absent. Item 7 Presentation, discussion and approval of the Hialeah Municipal Employees Federal Credit Union newsletter mailing insert that will be mailed out to the retirees. TABLED 02/20/18 MOTION by Mr. Martinez, seconded by Ms. Ho, as follows: "Remove from Table" MOTION carried a 5-0-2 vote with B. Williams, M. Ho, Ferrera, Martinez and R. Williams voting "Yes" and Ms. Perez and Rosengaus absent. MOTION by Mr. R. Williams, seconded by Mr. Ferrera, as follows: "To approve Item 7, Presentation of Hialeah Municipal Employees Federal Credit Union; Credit Union is responsible for all costs related." MOTION carried a 5-1-1 vote with B. Williams, M. Ho, Ferrera, Rosengaus, and R. Williams voting "Yes"; Ms. Perez absent and Martinez voted "NO". Item 8 Approval of the following Retirement Board Minutes: A) March 20, 2018 4 Retirement Summary Agenda April 17, 2018 MOTION by Mr. Martinez, seconded by Mr. R. Williams, as follows: "To approve Item SA Retirement Board Minutes of March 20, 2018." MOTION carried a 5-0-2 vote with B. Williams, M. Ho, Ferrera, Martinez and R. Williams voting "Yes" and Ms. Perez and Rosengaus absent. Schedule the next regular Retirement Board meeting for Tuesday, May 15, 2018 at 1:30 P.M., Council Chambers, 3rd Floor. Schedule the next regular Retirement Board meeting for Tuesday, May 15, 2018 at 1:30 P.M., Council Chambers, 3rd Floor. New Business: There beil1g no further business, the meeting adjourned at 2:14P.M. Input from Active and Retired Members: Persons wishing to appeal any decision made by the Board with respect to any matter considered at this meeting will need a record of the proceedings, and, for such purposes, may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony upon which the appeal is to be based. In accordance with the Americans with Disabilities Act of 1990, persons needing special accommodation to participate in this proceeding should contact the Office of the City Clerk at (305) 883-5820 for assistance no later than seven (7) days prior to the 5 Retirement Summary Agenda April 17, 2018 proceeding; if hearing impaired, telephone the Florida Relay Service at (800) 955-8771 (TDD), (877) 955-8773 (Spanish) or (800) 955-8770 (Voice). This meeting may be conducted by means of, or in conjunction with, communications media technology, specifically a telephone conference call. The above location, which is open to the public, shall serve as an access point. Persons wishing to attend should appear at the access point, where access to the meeting will be provided. 6