Employees' Retirement System

CITY OF HIALEAH EMPLOYEES' RETIREMENT SYSTEM Board Chairman Board Members Robert W. Williams III Daniel Cruz Board Vice Chairman Marcelino Moreno Michael Rosengaus Quentin Webb Board Secretary Carlos San Jose David Fernandez Board Attorney Stuart Kaufman REGULARLY SCHEDULED MEETING OF THE BOARD OF TRUSTEES APRIL 16, 2024 1:30 P.M. CITY OF HIALEAH COUNCIL CHAMBERS Moment of Silence Led by Mr. B. Williams Withdrawals, Deferrals, or Additions Roll Call Public Comments – Mr. Santana made a comment regarding the Retirement Investments. Robert W. Williams III, Chairman Present Michael Rosengaus, Vice Chairman Present David Fernandez, Secretary Present Daniel Cruz Absent Quentin Webb Present Marcelino Moreno Present Carlos San Jose Absent Stuart Kaufman, Board Attorney Present Item 1 Reports to the Board: A) CapTrust B) Rhumbline The CapTrust team commented on inviting two new managers to present to the Board for next meeting. Retirement Board Agenda April 16, 2024 Item 2 Retirement Divison Administration: A) New Hires (Attached) B) Estimates Requested: 261 (Attached) C) Loans Requested: March: 19 (Attached) D) Financial Reports (Attached) E) Deceased Retirees Report (Attached) F) March 28, 2024 letter from Julie Browning in the Department of Management Services/Division of Retirement regarding the 2023 Annual Report for the Hialeah Police Officers, Firefighters & General Employees’ Pension Fund. (Attached) G) Electronic/Scanning of Retirement Division personnel files -- “active employees” files have been scanned into microfiche and “retirees” files are being scanned into microfiche. Item 3 Application for Normal Retirement, pursuant to Section 70-238, cases of: A) Edward Acosta (Grants & Human Services) B) Daisy Millares (Law) C) Apolonio Chenal (Fleet Maintenance) MOTION by Mr. Rosengaus seconded by Mr. Moreno, as follows: “To approve Normal Retirement for Item 3A, Edward Acosta, Grants & Human Services, 3B, Daisy Millares, Law 3C, Apolonio Chenal, Fleet Maintenance.” MOTION carried a 5-0-2 vote with B. Williams, Rosengaus, Moreno, Webb, and Fernandez voting “Yes”. San Jose and Cruz was absent. Item 4 Application for Deferred Retirement, pursuant to Section 70-239, cases of: A) Jorge Aguinagalge (Parks & Recreation) B) Roldan Cortes (Fleet Maintenance) 2 Retirement Board Agenda April 16, 2024 MOTION by Mr. Rosengaus seconded by Mr. Fernandez, as follows: “To approve Normal Retirement for Item 4A, Jorge Aguinagalge, Parks & Recreation, 4B, Roldan Cortes, Fleet Maintenance.” MOTION carried a 5-0-2 vote with B. Williams, Rosengaus, Moreno, Webb, and Fernandez voting “Yes”. San Jose and Cruz was absent. Item 5 Request to pay invoice for Fiduciary Liability Insurance renewal in the amount of $42,670.00. MOTION by Mr. Rosengaus seconded by Mr. Fernandez, as follows: “To pay invoice for Fiduciary Liability Insurance renewal in the amount of $42,670.00.” MOTION carried a 5-0-2 vote with B. Williams, Rosengaus, Moreno, Webb, and Fernandez voting “Yes”. San Jose and Cruz was absent. Item 6 Request to pay the following invoices from Klausner, Kaufman, Jensen & Levinson for services rendered for April 2024 in the amount of $3,500.00. MOTION by Mr. Rosengaus seconded by Mr. Moreno, as follows: “To pay the following invoices from Klausner, Kaufman, Jensen & Levinson for services rendered for April 2024 in the amount of $3,500.00.” MOTION carried a 5-0-2 vote with B. Williams, Rosengaus, Moreno, Webb, and Fernandez voting “Yes”. San Jose and Cruz was absent. Item 7 Request to pay invoice 30526 from Foster & Foster in the total amount of $700.00 for services rendered. 3 Retirement Board Agenda April 16, 2024 MOTION by Mr. Rosengaus seconded by Mr. Moreno, as follows: “To pay invoice 30526 from Foster & Foster in the total amount of $700.00 for services rendered.” MOTION carried a 5-0-2 vote with B. Williams, Rosengaus, Moreno, Webb, and Fernandez voting “Yes”. San Jose and Cruz was absent. Item 8 Consideration of Labaton Sucharow Global Monitoring Agreement -By Board Attorney Stuart Kaufman. MOTION by Mr. Rosengaus seconded by Mr. Moreno, as follows: “To approve consideration of Labaton Sucharow Global Monitoring Agreement.” MOTION carried a 5-0-2 vote with B. Williams, Rosengaus, Moreno, Webb, and Fernandez voting “Yes”. San Jose and Cruz was absent. Item 9 Approval of the following Retirement Board Minutes: A) March 19, 2024 MOTION by Mr. Rosengaus seconded by Mr. Fernandez, as follows: “To approve Retirement Board minutes 9A, March 19, 2024.” MOTION carried a 5-0-2 vote with B. Williams, Rosengaus, Moreno, Webb, and Fernandez voting “Yes”. San Jose and Cruz was absent. Schedule the next regular Retirement Board meeting for Tuesday, May 21, 2024, at 1:30 P.M., Council Chambers, 3rd Floor. 4 Retirement Board Agenda April 16, 2024 New Business: There being no further business, the meeting adjourned at 2:08 PM. 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 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. 5