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 AUGUST 21, 2018 1:30 P.M. CITY OF HIALEAH COUNCIL CHAMBERS Moment of Silence Withdrawals, Deferrals or Additions Roll Call Public Comments Item 1 A) Diamond Hill B) Fisher Investments C) Franklin Templeton D) GAMCO E) Rhumbline F) Templeton Investment Council G) CapTrust TELEPHONE: (305) 883-5872 Retirement Board Agenda August 21, 2018 Item2 Presentation of Financial Statements by Enrique Llerena. (Auditor) Item 3 Application for Normal Retirement, pursuant to Section 70-238, cases of: A) Margarita De Las Salas (Community Development) B) Domingo Hernandez (Police) C) Jorge Garcia (Public Works) D) Jose L. Luques (Public Works) E) Ruben Cantillo (Fire) F) Fernando Valdes (Police) G) Marlene Hernandez (ECS) Item 4 Application for Deferred Retirement, pursuant to Section 70-239, case of: A) Sonny Ochart.(Police) B) Laureano Garcia (Police) Item 5 Ratification of years future purchase time for active employee Fabio Escudero (1 year). Item 6 Request to pay invoice from Klausner, Kaufman, Jensen & Levinson in the total amount of $3,829.50 for services rendered for June 2018 and $3,500 for services rendered July 2018. Item 7 Ratification of 3% annual interest on non-vested employees contribution. 2 Retirement Board Agenda August 21, 2018 Item 8 Explanation from Board Attorney Sec 70-238 (h) Service retirement allowance and Sec. 70-239 (Vesting) 100% vested in reference to the frozen benefit earned prior 12/1/2017 for AFSCME employees. Item 9 Devry Litigation Update. Item 10 Report to the Board of Trustees for the City of Hialeah Employees' General Retirement System pursuant to Code Section 70-98, on proposed ordinance amending pension plan, as provided, incorporating plan changes negotiated through collective bargaining with Fraternal Order of Police Lodge No. 12, as bargaining agent for police employees part of the bargaining unit, and provided in the collective bargaining agreement effective for the term of August 14, 2018 [the date of contract ratification by the city council]-through September 30, 2021. Item 11 Authorize and direct Foster and Foster to do the appropriate Actuarial Impact Statement for the proposed ordinance that was read to the Board. Item 12 Approval of the following Retirement Board Minutes: . A) June 19, 2018 Item 13 Schedule the next regular Retirement Board meeting for Tuesday September 18, 2018 at 1:30 P.M., Council Chambers, 3rd Floor. 3 Retirement Board Agenda August 21, 2018 New Business: 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 p·roceeding; 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. 4  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 ADDENDUM TO THE REGULARLY SCHEDULED MEETING OF THE BOARD OF TRUSTEES AUGUST 21, 2018 1:30 P.M. CITY OF HIALEAH COUNCIL CHAMBERS Item 14 Demostration of proposed software by Foster and Foster. Item 15 Changing November meeting date to November 2ih. Item 16 Entrust to discuss Liquidation options on Capital Diversified Fund. Item 17 Comerica Cash Money Market Options. TELEPHONE: (305) 883-5872