miami beach employees’retirement plan of the … · 22984 olmeda cepeda juliany 4/26/2018...

MIAMI BEACH EMPLOYEES’RETIREMENT PLAN OF THE CITY OF MIAMI BEACH PENSION BOARD MEETING Tuesday, July 10, 2018 10:00 a.m. CITY HALL Pension Office Conference Room BOARD OF TRUSTEES James Boyd Lynn Bernstein Jason Casanova Jose Del Risco Ray Horday Jonathan Sinkes Mark Taxis Manny Villar Jr. John Woodruff CONSENT AGENDA PAGE C-1 Minutes for approval – May 8, 2018 5 C-2 New Members of the System – 10 Lourdes Azcarreta Javier Llanes Iris Corrales Alberto Ruiz Jr. Hartley Pinder Seide Nehru Balgobin Victor Sanchez Junior Francis Ivan Allu Amber Gardner Yoandis Rodriguez April Thomany Erica Williams Maria Saenz Deja Brooks C-3 New Retirees – 11 Linda Gonzalez Michael Schad Caroline Defreze C-4 New Pensioners – 14 Eugenia Jones Mary Ann Brote Neyda Ayala C-5 Request for Lump Sum Refunds – 17 Eric Arencibia Rene Guerra Ulysses King Jennifer Reyes Michel Mena Gregory Toledo Channer Tatyanah Carlos Naumann Danila Bonini C-6 Request for Accumulated Contribution Refund For a Named Beneficiary – (None)

CONSENT AGENDA July 10, 2018 C-7 Purchase of Creditable Service Time – (None) C-8 New DROP applicants – 25 Arielle Guerrier Candelario Martinez Saul Frances Philip Whitehead Laura Franco Rubines C-9 Lump Sum Refunds Paid since last meeting – 30 Lyssette Zamaro Charles Tear Manuel Perez Melody Peres Jose Suarez Viviana Alemany C-10 Financial Reports

a. Pension Payroll for July 1, 2018 – $3,588,703 b. DROP Payroll for July 1, 2018 - $ c. Checking acct. reconciliation(s) – Feb. - May 2018 31

C-11 Requests for Payment – June 2018 Legal Amount Pg. # Legal Services - Klausner, Kaufman, $ 5,000.00 35 Jensen & Levinson for June 2018 Bookkeeping Joan Wall- Bookkeeping

For the month of June 2018 $ 350.00 38 Office Insurance Fiduciary Liability Renewal RLI Ins Co

Inv# 1511331 Dated 5/18/18 $45,000.00 40 Office, etc. Office Depot Inv#12218080601 & 122181208001 $ 248.38 43 Sharp Electronics Corporation Invoice # 9001146883 dated 5/02/2018 $ 136.13 47 CMB- Central Services: Charges for April 2018 $ 506.97 50 Charges for May 2018 $ 437.17 50 Pure Water Partner: Water System Acct # 20865 for May $ 34.99 54 Tyler Technologies: On site 1099R implementation $ 4,697.03 58 CONSENT AGENDA

July 10, 2018 Requests for Payment – June 2018 - Continued Medical Board: Dr. Cornel J. Lupu, MD Disability Application Evaluation $ 1,600.00 61 Dr. Isidro Pujol, D.O. Disability Application Evaluation $ 500.00 63 Investment Custody Fees - FTI FTI - Quarterly Custody Fee QTR Ending 4/30/18 for Dimensional for Acct# GP451022720, Inv# S14800587409 $ 773.34 65 Consulting Services Consulting Services- Milliman Inc. For the quarter services 4/1 - 6/30/2018 Code: 0212MBG01 Billing ID: 06.208 $23,750.00 68 C-12 Conv/Seminars/Dues/Etc American Express: Educational Conferences $12,740.30 71 Jul-18 Legal Amount Legal Services - Klausner, Kaufman, Jensen & Levinson for the month of July 2018 $ 5,000.00 76 Bookkeeping Joan Wall- Bookkeeping Services rendered for the month of July 2018 $ 350.00 78 Gabriel, Roeder, Smith & Co Preparation of the 10/1/17 Actuarial Valuation $ 5,306.00 79 GASB No. 67 for FYE 2018 preparation $ 2,500.00 79 Office, etc. Sharp Electronics Corporation Invoice # 9001196394 dated 6/02/2018 $ 136.13 81 Pure Water Partner: Water System Acct # 20865 Inv.# 270579 Month of June $ 34.99 83 Tyler Technologies: Reprogramming of signature key $ 275.00 86

CONSENT AGENDA

July 10, 2018

C-12 Conv/Seminars/Dues/Etc American Express: Conference expenses $ 4,479.04 89 Travel expense conference reimbursements John Woodruff $ 613.73 94 Lynn Bernstein $ 579.47 96 Rick Rivera $ 655.97 98 IN ACCORDANCE WITH THE AMERICANS WITH DISABILITY ACT OF 1990, PERSONS NEEDING A SPECIAL ACCOMMODATION TO PARTICIPATE IN THIS PROCEEDING SHOULD CONTACT THE PENSION OFFICE NO LATER THAN FOUR DAYS PRIOR TO THE PROCEEDING. TELEPHONE (305) 673-7437 FOR ASSISTANCE; IF HEARING IMPAIRED, TELEPHONE THE FLORIDA RELAY SERVICE NUMBERS (800) 955-8771 (TDD) OR (800) 955-8770 (VOICE), FOR ASSISTANCE. IF A PERSON DECIDES TO APPEAL ANY DECISION MADE BY THE BOARD WITH RESPECT TO ANY MATTER CONSIDERED A THIS MEETING, HE WILL NEED A RECORD OF THE PROCEEDINGS, AND FOR SUCH PURPOSE HE MAY NEED TO ENSURE THAT A VERBATIM RECORD OF THE PROCEEDING IS MADE WHICH RECORD INCLUDES THE TESTIMONY AND EVIDENCE UPON WHICH THE APPEAL IS TO BE BASED. FLORIDA STATUTES 286.0105 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 ORDINARILY OPEN TO THE PUBLIC, SHALL SERVE AS AN ACCESS POINT. PERSONS WISHING TO ATTEND SHOULD APPEAR AT THE ACCESS POINT, WHERE TELEPHONIC ACCESS TO THE MEETING WILL BE PROVIDED.

MIAMI BEACH EMPLOYEES’ RETIREMENT PLAN

MINUTES OF THE MEETING OF THE BOARD OF TRUSTEES OF THE MIAMI BEACH EMPLOYEES’ RETIREMENT PLAN

OF THE CITY OF MIAMI BEACH May 8, 2018

Chairman Boyd called the meeting to order at 10:08 a.m. Board Members present were as follows: James Boyd Jason Casanova Jose Del Risco Jonathan Sinkes Manny Villar John Woodruff Members absent – Mark Taxis Lynn Bernstein Ray Horday Also present were:

Rick Rivera Pension Administrator Sandra Sicily Assistant Pension Administrator Stuart Kaufman Board Attorney, KKJ&L Jeff Nipp Fund Consultant, Milliman Inc.

James DiGuiseppe CAIA Account Manager, Wellington Management Amar Reganti Investment Director, Wellington Management Amada Gonzalez CMB employee CONSENT AGENDA The Administrator requested two (2) additions to the Consent Agenda for lump sums on behalf of Manuel Perez in the amount of $88,856.58 and Melody Peres in the amount of $685.27. He said that since Mr. Perez’s pension had been forfeited his lump sum calculation did not include interest earned only contributions. A motion was made by Mr. Sinkes duly seconded by Mr. Del Risco, and with all in favor, it was unanimously RESOLVED that the addition to the Consent Agenda of two (2) lump

sums on behalf of Manuel Perez in the amount of $88,856.58 and Melody Peres in the amount of $685.27 be added to the Consent Agenda as presented.

A motion was made by Mr. Jonathan Sinkes duly seconded by Mr. Woodruff, and with all in favor, it was unanimously RESOLVED that the Consent Agenda be approved as amended. C-1 Board Minutes approved – April 10, 2018 C-2 New Members of the System –

ID# Last Name First Name Start Date Job Title Union Hire Date

21090 DIAZ PEDRO 4/2/2018 MSW I CAFC 2/29/2016

22945 CESPEDES SAMANTHA 4/2/2018 VICTIM'S ADVOCATE CUNC 4/2/2018

PENSION BOARD MINUTES May 8, 2018 Page 2 C-2 New Members of the System – (continued) ID# Last Name First Name Start Date Job Title Union Hire Date

22942 RODRIGUEZ HAYDEE 4/2/2018 FINANC ANALYST II CUNC 4/2/2018

21221 HINDS PAUL 4/2/2018 MSW I CAFC 6/15/2016

22688 GREEN GABRIELLE 4/2/2018 FINANC ANALYST I CUNC 8/21/2017

22722 ROSARIO SAHILY 4/2/2018 PERMIT CLERK I CCWA 9/13/2017

22725 ORTEGA JOSE 4/2/2018 MSW I CAFC 9/25/2017

22973 AGLEDOR ESTHER 4/16/2018 OFFICE ASSOC III CUNC 4/16/2018

22972 RODRIGUEZ AIME 4/16/2018 OFFICE ASSOC III CUNC 4/16/2018

22960 VASQUEZ GUSTAVO 4/16/2018 TRADESWORKER I-FACILITIES MGR COTH 4/16/2018

22968 CATA ELENA 4/16/2018 ENG ASST I CCWA 4/23/2018

19829 PULIDO KEVIN 4/16/2018 PUBLIC INF SPECIALIST CUNC 6/14/2011

22984 OLMEDA CEPEDA JULIANY 4/26/2018 RECEPTIONIST CUNC 4/26/2018 C-3 New Retiree Allowances were approved as follows – (None) Name Date Retirement Type Monthly Amount Allys Alvarez 06/01/2018 Vested Service Ret. (LA) $ 3,383.25 Olivia Hernandez 05/01/2018 Ordinary Service Ret. (LA) $ 1,924.23 C-4 New Pensioner Allowances were approved as follows – (None) C-5 Requests for Lump Sum Refunds were approved as follows – Name Separation Date Gross Amount YCS Aimee Llauro May 26, 2016 $ 1,334.38 .21 ycs Jose Suarez November 9, 2015 $ 44,956.89 4.83 ycs Viviana Alemany April 27, 2018 $ 21,636.30 2.21 ycs Lyssette Zamora April 13, 2018 $ 18,355.31 4.23 ycs Charles Tear February 16, 2018 $ 71,437.34 4.77 ycs Manuel Perez March 21, 2016 $ 88,856.58 21.21 ycs Melody Peres April 30, 2018 $ 685.27 .21 ycs C-6 Request for Accumulated Contribution Refund for a Named Beneficiary was approved as follows – (None) C-7 Purchases of Creditable Service Time were approved as follows – (None) C-8 DROP applicants were approved as follows –

Name Effective Estimated Benefit Last DROP Pmt.

James Martell 07/01/2018 $2,844.66 06/01/2023

PENSION BOARD MINUTES May 8, 2018 Page 3 C-9 Lump Sum Refunds paid since the last meeting were approved as follows –

Check Date Name gross withholding check #

4/6/2018 Mabel Fernandez $ 15,941.20 $ 3,188.24 116750 4/6/2018 Lazaro Garcia $ 4,777.29 $ 955.46 116751 4/6/2018 Ceila Astacio $ 17,038.98 $ 3,407.80 116752 4/17/2018 Robert Hanson $ 9,245.30 $ 1,849.06 116758 4/13/2018 Pierre M. Petit $ 82,505.58 $ 16,501.12 116757

4/27/2018 Arlington Highsmith $ 1,002.63 $ 200.53 116771 C-10 The Financial Reports were approved as presented. C-11 Requests for Payment were approved as presented Legal Amount

Legal Services - KKJ&L for the month of May 2018 $5,000.00

Bookkeeping Joan Wall- Bookkeeping Services rendered for the month of May 2018 $350.00

Actuary Gabriel, Roeder, Smith & Co Actuarial Valuation, preparation of J&S factors

Invoice #437566 Dated 4/2/2018 $11,952.00

Computer Consultant Ellen Schaffer- for Munis Annual support fee for PC Pension System $1,688.00

Office, etc. Office Depot: Inv # 127697234001 $58.30

Sharp Electronics Corporation Invoice # 9001101576 dated 4/01/2018 $136.13

CMB- Property Management: Charges for March 2018 $411.93

CMB- Central Services: Charges for March 2018 $1,730.28

Pure Water Partner: Water System Acct # 20865 Inv# 227489 Month of Feb, Mar & April $104.97

PENSION BOARD MINUTES May 8, 2018 Page 4 C-11 Requests for Payment were approved as presented - Continued Investment Custody Fees

Quarterly Custody Fee- FTI Dimensional custody fee QTR Ending 1/31/18 $854.58

Money Managers Fees

Rhumbline Advisers fee SP500P, SP400P, SP600P, CBOND-P Inv# gmbeach2018Q1 date 4/9/2018 $15,937.00

Wellington Trust Co Client ID# 4V55, Inv# 20180331-97388-A $88,986.57

Client ID# 68R4, Inv# 20180331-101918-A $129,615.59

C-12 Conv/Seminars/Dues/Etc

American Express: Conference expenses $5,126.48

REGULAR AGENDA

R-1 Deferred Items – (None)

A. Sugarman & Susskind demand letter Re: Amada Gonzalez – Mr. Kaufman stated that there was no new information regarding Ms. Gonzalez’s case.

R-2 New Items – (None) R-3 Administrator’s Report

The Administrator said he would not be present for the June 11th Board meeting. He said that Ms. Sicily would be in attendance. The Chairman asked the Administrator if there were any new items scheduled so far for the June agenda. The Administrator said that there were no new items scheduled to be placed on the agenda as of yet. The Chairman stated that since there were no new items scheduled would the Board be open to cancelling the June 12th Board meeting. A discussion ensued. A question arose regarding the approving and signing of requests for payment. The Administrator said that in the past when a meeting had to be cancelled due to lack of a quorum legal counsel had suggested that the warrants be executed and placed on the following board agenda for subsequent approval. Mr. Kaufman said that this procedure was correct. It was agreed that the June 12th board meeting be cancelled as discussed.

PENSION BOARD MINUTES May 8, 2018 Page 5 Investment Reports

A. Fund Consultant’s Report – Mr. Nipp presented the Fund’s March 31st 2018 quarterly report. He went over the analysis of changes in market value of assets in detail on page 9 of the report. He said that the fiscal year-to-date investment return was 4.1%. He said that the Fund’s year-to-date performance ranked in the 16th percentile of the Milliman universe. Mr. Cottle reviewed the actual asset allocation, investment manager performance and total fund risk/reward versus the Universe from the Milliman quarterly report. Investment Manager Presentations – Representatives from Wellington Management made a quarterly presentation before the Board.

R-4 Investment Reports

Chairman Boyd and Mr. Kaufman reviewed for your information.

There being no further business to discuss, a motion was made by Mr. Villar duly seconded by Mr. Casanova and unanimously

Resolved that the meeting be adjourned. The meeting was

adjourned at 11:08 a.m.

______________________ ___________________________ James W. Boyd, Chairman Jose Del Risco, Secretary

NEW MEMBERS JULY 2018 AGENDA

ID# Last Name First Name

Start Date Hire Date Department Name Job Title

22970 AZCARRETA LOURDES 4/30/2018 4/30/2018 PUBLIC WORKS STREETS PROCUREMENT COORD

22985 CORRALES IRIS 4/30/2018 4/30/2018 SANITATION OFFICE ASSOC III

22014 PINDER SEIDE HARTLEY 5/14/2018 5/1/2017 PARKS AND RECREATION PARK RANGER

20072 SANCHEZ VICTOR 5/14/2018 5/8/2017 PARKS AND RECREATION PARK RANGER

21840 ALLU IVAN 5/16/2018 11/7/2016 ORGANIZATIONAL DEVELOPMENT PROGRAM SUPERVISOR

22818 RODRIGUEZ YOANDIS 5/28/2018 11/20/2017 PUBLIC WORKS WATER WATER DIST SYSTEM OPER D

22801 WILLIAMS ERICA 5/28/2018 11/27/2017 POLICE SUPPORT SERVICE ADMIN AIDE I

23017 BROOKS DEJA 5/29/2018 5/29/2018 HUMAN RESOURCES OFFICE ASSOCIATE IV

22999 LLANES JAVIER 5/7/2018 5/7/2018 PUBLIC WORKS PROPERTY MGMT FACILITIES ZONE MANAGER

22992 RUIZ JR ALBERTO 5/7/2018 5/1/2018 IT SUPPORT SYSTEM ADM

22581 BALGOBIN NEHRU 6/11/2018 6/12/2017 CODE COMPLIANCE CODE COMP OFF 1 T

22841 FRANCIS JUNIOR 6/11/2018 12/11/2017 PUBLIC WORKS SEWER SEW FIELD OP SUPV

23018 GARDNER AMBER 6/11/2018 6/11/2018 HUMAN RESOURCES OFFICE ASSOCIATE IV

21199 THOMANY APRIL 6/11/2018 6/13/2016 PARKS AND RECREATION INCLUSIONARY AIDE

23058 SAENZ MARIA 6/18/2018 6/18/2018 TRANSPORTATION ADMINISTRATIVE MGR

Ordinance No. 2015-3946 NEW RETIREE NAME: Linda Gonzalez DATE OF BIRTH: July 24, 1963 CLASSIFICATION: Labor Relations Director DEPARTMENT: Human Resources TERMINATION DATE: April 18, 2008 BENEFITS TO COMMENCE: August 1, 2018 TYPE OF RETIREMENT: Vested Service Retirement (LA) CREDITABLE SERVICE: 15.73 ycs EST. PENSION BENEFIT: $4,469.84 SECTION OF ORDINANCE: 5.04 – Vested Retirement Allowance

Ordinance No. 2015-3946 NEW RETIREE NAME: Michael A. Schad DATE OF BIRTH: January 17, 1963 CLASSIFICATION: Senior Building Inspector DEPARTMENT: Building Department TERMINATION DATE: May 31, 2018 BENEFITS TO COMMENCE: June 1, 2018 TYPE OF RETIREMENT: Ordinary Service Retirement (LA) CREDITABLE SERVICE: 12.24 ycs EST. PENSION BENEFIT: $3,063.25 SECTION OF ORDINANCE: 5.01 – Normal Retirement

Ordinance No. 2015-3946 NEW RETIREE NAME: Caroline DeFreze DATE OF BIRTH: July 23, 1963 CLASSIFICATION: Community Resource Coordinator DEPARTMENT: City Manager’s Department TERMINATION DATE: May 6, 2016 BENEFITS TO COMMENCE: August 1, 2018 TYPE OF RETIREMENT: Vested Service Retirement (LA) CREDITABLE SERVICE: 16.15 ycs EST. PENSION BENEFIT: $3,567.15 SECTION OF ORDINANCE: 5.04 – Vested Retirement Allowance

ORDINANCE NO. 2015-3946 NEW PENSIONERS NAME: Eugenia Jones BENEFITS TO COMMENCE: June 1, 2018 TYPE OF PENSION: Dependent Beneficiary (50%) DEPENDENT UPON: James Jones DATE OF DEATH: May 29, 2018 PENSION BENEFIT: $2,037.39 SECTION OF ORDINANCE: 5.07 – Death Benefits after Retirement

ORDINANCE NO. 2015-3946 NEW PENSIONERS NAME: Mary Ann Brote BENEFITS TO COMMENCE: June 1, 2018 TYPE OF PENSION: Joint Dependent Beneficiary (66.66% J&S) DEPENDENT UPON: Fredric Brote DATE OF DEATH: June 1, 2018 PENSION BENEFIT: $2,879.86 SECTION OF ORDINANCE: 5.07 – Death Benefits after Retirement

ORDINANCE NO. 2015-3946 NEW PENSIONERS NAME: Neyda Ayala BENEFITS TO COMMENCE: July 1, 2018 TYPE OF PENSION: Dependent Beneficiary (50%) DEPENDENT UPON: Arthur Ayala DATE OF DEATH: June 28, 2018 PENSION BENEFIT: $2,106.85 SECTION OF ORDINANCE: 5.07 – Death Benefits after Retirement

ORDINANCE NO. 2015-3946

REQUEST FOR LUMP SUM REFUND

NAME: Eric Arencibia CLASSIFICATION: Capital Projects Coordinator DEPARTMENT: CIP DATE OF SEPARATION: March 30, 2018 CREDITABLE SERVICE: 5.15 ycs ESTIMATED LUMP SUM DUE: $38,407.60 Federal Tax Withholding: $7,627.46 SECTION OF ORDINANCE: 5.10



NAME: Ulysses King CLASSIFICATION: MSW II DEPARTMENT: Sanitation DATE OF SEPARATION: May 10, 2018 CREDITABLE SERVICE: 9.12 ycs ESTIMATED LUMP SUM DUE: $30,239.42 Federal Tax Withholding: $5,985.38 SECTION OF ORDINANCE: 5.10



NAME: Michel Mena CLASSIFICATION: MSW II DEPARTMENT: Sanitation DATE OF SEPARATION: June 14, 2018 CREDITABLE SERVICE: 2.12 ycs ESTIMATED LUMP SUM DUE: $7,500.62 Federal Tax Withholding: $1,441.73 SECTION OF ORDINANCE: 5.10



NAME: Channer S. Tatyanah CLASSIFICATION: Data Entry Clerk DEPARTMENT: Fire Rescue DATE OF SEPARATION: June 22, 2018 CREDITABLE SERVICE: 3.50 ycs ESTIMATED LUMP SUM DUE: $14,439.20 Federal Tax Withholding: $2,771.64 SECTION OF ORDINANCE: 5.10



NAME: Rene A. Guerra CLASSIFICATION: Facilities Zone Manager DEPARTMENT: Public Works Property Management DATE OF SEPARATION: June 7, 2018 CREDITABLE SERVICE: .91 ycs ESTIMATED LUMP SUM DUE: $6,393.64 Federal Tax Withholding: $1,224.45 SECTION OF ORDINANCE: 5.10



NAME: Jennifer S. Reyes CLASSIFICATION: Office Associate IV DEPARTMENT: Human Resources DATE OF SEPARATION: April 11, 2018 CREDITABLE SERVICE: 2.40 ycs ESTIMATED LUMP SUM DUE: $10,558.41 Federal Tax Withholding: $2,095.86 SECTION OF ORDINANCE: 5.10



NAME: Gregory M. Toledo CLASSIFICATION: Finance Analyst II DEPARTMENT: Finance DATE OF SEPARATION: April 27, 2018 CREDITABLE SERVICE: 1.82 ycs ESTIMATED LUMP SUM DUE: $10,617.12 Federal Tax Withholding: $2,105.16 SECTION OF ORDINANCE: 5.10



NAME: Carlos A. Naumann CLASSIFICATION: Assistant Director DEPARTMENT: Building Department DATE OF SEPARATION: July 31, 2018 CREDITABLE SERVICE: 4.79 ycs ESTIMATED LUMP SUM DUE: $54,361.52 Federal Tax Withholding: $10,695.84 SECTION OF ORDINANCE: 5.10

Ordinance No. 2015-3946 NEW DROP MEMBER NAME: Arielle Guerrier DATE OF BIRTH: February 17, 1963 CLASSIFICATION: Police Records Technician DEPARTMENT: Police/Tech Services BEGINNING DROP DATE: June 1, 2018 TYPE OF RETIREMENT: Ordinary Service Retirement (LA) CREDITABLE SERVICE: 17.97 ycs EST. PENSION BENEFIT: $2,411.21 SECTION OF ORDINANCE: 5.13

Ordinance No. 2015-3946

NEW DROP MEMBER NAME: Candelario A. Martinez DATE OF BIRTH: February 22, 1963 CLASSIFICATION: Chief Electrical Inspector DEPARTMENT: Building BEGINNING DROP DATE: June 1, 2018 TYPE OF RETIREMENT: Ordinary Service Retirement (50%) CREDITABLE SERVICE: 16.25 ycs EST. PENSION BENEFIT: $4,342.22 SECTION OF ORDINANCE: 5.13

Ordinance No. 2015-3946 NEW DROP MEMBER NAME: Saul Frances DATE OF BIRTH: July 7, 1963 CLASSIFICATION: Director DEPARTMENT: Parking BEGINNING DROP DATE: August 1, 2018 TYPE OF RETIREMENT: Joint Service Retirement (66.66%) CREDITABLE SERVICE: 19.56 ycs EST. PENSION BENEFIT: $8,769.29 SECTION OF ORDINANCE: 5.13

Ordinance No. 2015-3946 NEW DROP MEMBER NAME: Philip Whitehead DATE OF BIRTH: June 7, 1963 CLASSIFICATION: Code Officer II DEPARTMENT: Code Compliance BEGINNING DROP DATE: July 1, 2018 TYPE OF RETIREMENT: Ordinary Service Retirement (LA) CREDITABLE SERVICE: 13.51 ycs EST. PENSION BENEFIT: $1,944.60 SECTION OF ORDINANCE: 5.13

Ordinance No. 2015-3946 NEW DROP MEMBER NAME: Laura Franco-Rubines DATE OF BIRTH: March 19, 1962 CLASSIFICATION: Assistant Parking Director DEPARTMENT: Parking Department BEGINNING DROP DATE: August 1, 2018 TYPE OF RETIREMENT: Joint Service Retirement (662/3%) CREDITABLE SERVICE: 25.48 ycs EST. PENSION BENEFIT: $8,610.70 SECTION OF ORDINANCE: 5.13

Lump Sums Paid May & June 2018Check Date Name gross withholding check #5/11/2018 Lyssette A Zamaro 18,860.97$ 3,772.19$ 1167855/22/2018 Manuel J Perez 88,856.58$ R/O 1168045/22/2018 Jose Suarez 46,033.89$ R/O 1168055/22/2018 Charles Tear 71,409.26$ 14,281.85$ 1168065/22/2018 Melody Peres 701.66$ 140.33$ 1168076/15/2018 Viviana Alemany 23,146.78$ R/O 116832

Checking Account Beginning Balance 2/1/2018 $4,234,149.71

ReceiptsBank deposits $0.00

Wire from Trust $400,000.00

Wire from Money Managers $3,600,000.00

Void Benefits/Returned ACH $5,661.93

$4,005,661.93

DisbursementsAdvanced Payroll for February 2018 ($2,291,842.19)

Unclassified Payroll for February 2018 ($1,288,070.11)

Administrative Expenses for February 2018 ($488,235.36)

Lump Sum Payments ($152,118.08)

Check for Nationwide DROP Payroll ($22,159.77)

Additional Payroll Checks $0.00

($4,242,425.51)

Payroll Entry AdjustmentsN/A

$0.00

Checking Account Ending Balance 2/28/18 $3,997,386.13

Bank Statement Ending Balance 2/28/18 $4,715,506.21

Less Outstanding ChecksOutstanding Pension Payroll Checks ($210,406.40)

Outstanding Administrative Checks ($423,304.12)

Outstanding Lump Sum Payments ($62,249.79)

Deposit in Transit $0.00

Outstanding Check for Nationwide DROP Payroll ($22,159.77)

($718,120.08)

$3,997,386.13

Sandra SicilyCompleted by: Checked by:

MIAMI BEACH EMPLOYEES' RETIREMENT PLAN CHECKING ACCOUNT RECONCILIATION - ACCOUNT #0189001219860 (SUNTRUST)

2/28/18

Rick Rivera

F:\PENS\$ALL\XcelFiles\CHECKING & TRUST ACCOUNTS\CHECKACC\Checking Account Reconciliations\2018 Checking Account Reconciliation 2018


ReceiptsBank deposits $9,616.29




$3,521,354.49

DisbursementsAdvanced Payroll for March 2018 ($2,305,749.01)

Unclassified Payroll for March 2018 ($1,285,031.03)

Administrative Expenses for March 2018 ($68,308.36)


Transfer for DROP Payroll $0.00

Additional Payroll Checks ($8,051.55)

($3,714,595.84)

Payroll Entry AdjustmentsPrepaid General Payroll Direct Deposit for April 2018 ($1,910,105.08)

Prepaid Unclassified Payroll Direct Deposit for April 2018 ($1,068,121.65)

Prepaid General 945 Payroll Taxes for April 2018 ($215,280.39)

Prepaid Unclassified 945 Payroll Taxes for April 2018 ($144,060.13)

($3,337,567.25)

Checking Account Ending Balance 3/31/18 $466,577.53

Bank Statement Ending Balance 3/31/18 $690,354.42



Outstanding Lump Sum Payments $0.00


($223,776.89)

$466,577.53

Completed by: Checked by:


3/31/18

Sandra Sicily Rick Rivera


Checking Account Beginning Balance 4/1/2018 $466,577.53


Wire from Trust $1,300,000.00



$3,831,339.49

DisbursementsAdvanced Payroll for April 2018 ($2,296,918.08)

Unclassified Payroll for April 2018 ($1,294,632.72)

Administrative Expenses for April 2018 ($78,334.23)


Transfer for DROP Payroll ($15,668.50)


($3,820,274.91)

Payroll Entry AdjustmentsPrepaid General Payroll Direct Deposit for April 2018 $1,910,105.08

Prepaid Unclassified Payroll Direct Deposit for April 2018 $1,068,121.65

Prepaid General 945 Payroll Taxes for April 2018 $215,280.39

Prepaid Unclassified 945 Payroll Taxes for April 2018 $144,060.13

$3,337,567.25





Outstanding Lump Sum Payments ($802.10)


($249,294.39)

$3,815,209.36



4/30/18








$4,395,083.70

DisbursementsAdvanced Payroll for May 2018 ($2,317,438.36)

Unclassified Payroll for May 2018 ($1,290,375.89)

Administrative Expenses for May 2018 ($306,399.30)


Transfer for DROP Payroll $0.00


($4,165,859.54)

Payroll Entry AdjustmentsN/A $0.00

$0.00

$0.00

$0.00

$0.00





Outstanding Lump Sum Payments ($57,688.74)

Deposit in Transit

($481,463.35)

$4,044,433.52



5/31/18





NAME: Danila Bonini CLASSIFICATION: Commission Aide DEPARTMENT: Mayor/Commission DATE OF SEPARATION: November 13, 2017 CREDITABLE SERVICE: 3.97 ycs ESTIMATED LUMP SUM DUE: $26,375.76 Federal Tax Withholding: $ 5,275.15 SECTION OF ORDINANCE: 5.10

CITY OF MIAMI BEACHMIAMI BEACH EMPLOYEES’

RETIREMENT PLAN MIAMI BEACH, FLORIDA

REQUEST FOR PAYMENT

MAKE VOUCHER PAYABLE TO: DATE: July 10, 2018

DEPT. #78009 GABRIEL, ROEDER, SMITH & COMPANY P.O. BOX 78000 DETROIT, MI 48278-0009

REQUESTED BYAND CERTIFIED _______________________

Pension Administrator

DESCRIPTION EXPENSE COST TOTAL

Document No. 439235 Dated 6/14/2018

Final charges for preparation of the 10/1/2017 Actuarial Valuation Report (25.25 hours); total fee of $21,500* less previous invoices totaling $5,306.00 $16,194.

Preparation of preliminary GASB No. 67 information for FYE 2018 (9.0 hours) $2,500.00

Amount Due $7,806.00

Completed by: BC

INVOICE ATTACHED YES X NO AUTHORIZED:

___________________________________ Chairman of the Board of Trustees MIAMI BEACH EMPLOYEES’ RETIREMENT PLAN

PENSION BOARD MEETING Tuesday, July 10, 2018

10:00 a.m. CITY HALL

Pension Office Conference Room

REGULAR AGENDA R-1 Deferred Items –

A. Sugarman & Susskind demand letter Re: Amada Gonzalez R-2 New Items –

A. Active Member Pension software update

B. Annual Election of Chairman, Vice Chairman & Secretary

R-3 Administrator’s Report

R-4 For Your Information

A. DROP update - 101

B. Conference Calendar - 103

IN ACCORDANCE WITH THE AMERICANS WITH DISABILITY ACT OF 1990, PERSONS NEEDING A SPECIAL ACCOMMODATION TO PARTICIPATE IN THIS PROCEEDING SHOULD CONTACT THE PENSION OFFICE NO LATER THAN FOUR DAYS PRIOR TO THE PROCEEDING. TELEPHONE (305) 673-7437 FOR ASSISTANCE; IF HEARING IMPAIRED, TELEPHONE THE FLORIDA RELAY SERVICE NUMBERS (800) 955-8771 (TDD) OR (800) 955-8770 (VOICE), FOR ASSISTANCE. IF A PERSON DECIDES TO APPEAL ANY DECISION MADE BY THE BOARD WITH RESPECT TO ANY MATTER CONSIDERED A THIS MEETING, HE WILL NEED A RECORD OF THE PROCEEDINGS, AND FOR SUCH PURPOSE HE MAY NEED TO ENSURE THAT A VERBATIM RECORD OF THE PROCEEDING IS MADE WHICH RECORD INCLUDES THE TESTIMONY AND EVIDENCE UPON WHICH THE APPEAL IS TO BE BASED. FLORIDA STATUTES 286.0105 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 ORDINARILY OPEN TO THE PUBLIC, SHALL SERVE AS AN ACCESS POINT. PERSONS WISHING TO ATTEND SHOULD APPEAR AT THE ACCESS POINT, WHERE TELEPHONIC ACCESS TO THE MEETING WILL BE PROVIDED.

DROP UPDATE July 2018 Agenda DROP

Name Department ‐ Title Start date DROP end date

1 ICMA Mahadeo, Deowan Central Services Technician 8/1/2013 7/31/2018

2 ICMA Gaines, Arnold Property & Evidence Tech. I 8/1/2013 7/31/2018

3 ICMA Put, Pawel Property & Evidence Tech. 9/1/2013 8/31/2018

4 ICMA Dudley Brown Mason 11/1/2013 10/31/2018

5 ICMA Roque, Aracelio Pumping Mechanic 12/1/2013 11/30/2018

6 ICMA Davila, Jimmy Senior Systems Analyst 12/1/2013 11/30/2018

7 ICMA/NW Concepcion Jr., Sergio Information Tech Specialist II 12/1/2013 11/30/2018

8 ICMA Joan, Martha Account Clerk III 12/1/2013 11/30/20189 ICMA Gladys Dixon Pool Guard II 1/1/2014 12/31/2018

10 ICMA Mosley, Bobby MSW III 1/1/2014 12/31/2018

11 ICMA Maria Sanchez Communications Records Custodian 2/1/2014 1/31/201912 ICMA Anthony Throupe Parks Supervisor 3/1/2014 2/28/201913 ICMA Barbara Williams Administrative Aide I 4/1/2014 3/31/2019

14 ICMA/NW Jose Alfonso Water Supervisor 4/1/2014 3/31/2019

15 ICMA Darline Roldan Parking Enforcement Specialist I 4/1/2014 3/31/2019

16 ICMA Debora J. Turner First assistant City Attorney 5/1/2014 4/30/2019

17 ICMA King Choute MSW II 5/1/2014 4/30/2019

18 ICMA/NW Luis Caballero Metered Services Supervisor 6/1/2014 5/31/2019

19 ICMA Nathaniel Frazier Central Services Technician 6/1/2014 5/31/2019

20 ICMA Kathie Brooks Assistant City Manager 7/1/2014 6/30/2019

21 ICMA/NW Donnovan Ireland Central Services Coordinator 8/1/2014 7/31/2019

22 ICMA Edger Rodriguez MSW III 8/1/2014 7/31/2019

23 ICMA Milz, Tommy MSW III 10/1/2014 9/30/2019

24 ICMA Thomas, shirley Buyer 10/1/2014 9/30/2019

25 ICMA Hartnett, Michael System Administrator 10/1/2014 9/30/2019

26 ICMA Babcock, John Police Records Manager 11/1/2014 10/31/2019

27 ICMA Gardner, Larry Maintenance Supervisor 11/1/2014 10/31/2019

28 ICMA Cavanaugh, Daniel Lifeguard II 11/1/2014 10/31/2019

29 ICMA Garcia, Osvaldo Lifeguard I 11/1/2014 10/31/2019

30 ICMA Zamora, Alberto Sanitation Director 1/1/2015 12/31/2019

31 ICMA Denham, Charles Info Tech Spec II 1/1/2015 12/31/2019

32 ICMA Chiovaro, Maria Case Worker 2/1/2015 1/31/2020

33 ICMA Dufour, Carmin Tax Auditor 2/1/2015 1/31/2020

34 ICMA White, Marvin MSW I 2/1/2015 1/31/2020

35 ICMA/NW Collado, Jesus Sewer Supervisor 3/1/2015 2/28/2020

36 ICMA Reyes Carbajal MSW I 3/1/2015 2/28/2020

37 ICMA Desmond Norris MSW II 4/1/2015 3/31/2020

38 ICMA Sandra Ortiz Administrative Secretary 4/1/2015 3/31/2020

39 ICMA Lesther Fleuinord MSW III 5/1/2015 4/30/2020

40 ICMA Liliane Morissette MSW I 5/1/2015 4/30/2020

41 ICMA Marie Joacilien MSW II 5/1/2015 4/30/2020

42 ICMA Aspil Dessalines MSW III 6/1/2015 5/31/2020

43 ICMA Willie Jackson Jr. Heavy Equipment Operator I 7/1/2015 6/30/2020

44 ICMA Nestler, Nancy Public Safety Specialist 8/1/2015 7/31/2020

45 ICMA Carlos Da Cruz Office Associate V 9/1/2015 8/31/2020

46 ICMA Bruce Lamberto Engineering Assistant I 9/1/2015 8/31/2020

47 ICMA Poggio, Eduardo Fire Equipment Mechanic 9/1/2015 8/31/2020

48 ICMA Mobley‐Nason, Annette Dispatcher 9/1/2015 8/31/2020

49 ICMA Rebolledo, Rosanna Complaint Operator II 9/1/2015 8/31/2020

50 ICMA Williams, Gwendolyn Public Safety Pay Administrator 10/1/2015 9/30/2020

51 ICMA Rodriguez, Dagoberto Pool Guard I 10/1/2015 9/30/2020

52 ICMA Rodriguez, Pedro Pool Guard I 10/1/2015 9/30/2020

53 ICMA Hemmings, Laurel Code Compliance Officer 10/1/2015 9/30/2020

54 ICMA Perez, Mayra Account Clerk III 10/1/2015 9/30/2020

55 ICMA Jones, Belcher Control Room Operator 11/1/2015 10/31/2020

DROP UPDATE July 2018 Agenda DROP

Name Department ‐ Title Start date DROP end date

56 ICMA Valdes, Robert Chief Structural Engineer 12/1/2015 11/30/2020

57 ICMA Anderson, Miguel Snr. Building Inspector 12/1/2015 11/30/2020

58 ICMA Derek Knight Recreation Attendant 1/1/2016 12/31/2020

59 ICMA Brocato, Emilio MSW II 2/1/2016 1/31/2021

60 ICMA Belorme, Junias MSW III 3/1/2016 2/28/2021

61 ICMA Lee, Robert Code Compliance Officer II 3/1/2016 2/28/2021

62 ICMA Stratton, Harry Painter 4/1/2016 3/31/2021

63 ICMA Stewart, Carlton MSW III 4/1/2016 3/31/2021

64 ICMA/NW Cristobal, Lidia Financial Analyst II 5/1/2016 4/30/2021

65 ICMA Avalos, Adrian Chief BLDG Code Compliance Officer 7/1/2016 6/30/2021

66 ICMA Yanes, Saul Building Services Tech 8/1/2016 7/31/2021

67 ICMA Barr, Estelle Administrative Aide I 8/1/2016 7/31/2021

68 ICMA Eduardo Nunez Heavy Equipment Operator I 9/1/2016 8/31/2021

69 ICMA Charles Uthandi Property & Evidence Tech 9/1/2016 8/31/2021

70 ICMA Alberto Copperi MSW III 10/1/2016 9/30/2021

71 ICMA/NW Ofelia Levy Administrative Aide I 10/1/2016 9/30/2021

72 ICMA Melvin Williams MSW III - Sanitation 12/1/2016 11/30/2021

73 ICMA Gerald Coldros Heavy Equipment Operator II - PW 1/1/2017 12/31/2021

74 ICMA Raul Soria Financial Analyst III 1/1/2017 12/31/2021

75 ICMA Hirschhorn, Christina Police Tech Serv. - Admin Aide II 3/1/2017 2/28/2022

76 ICMA Hatfield, Liliam City Clerk - Asst City Clerk 4/1/2017 3/31/2022

77 ICMA/NW Perez, Patricia PSCU - Complaint Operator II 4/1/2017 3/31/2022

78 ICMA Alexandre, Mario Prop Mngmnt - Plumber 4/1/2017 3/31/2022

79 ICMA Aguila, Raul City Attorney - City Attorney 4/1/2017 3/31/2022

80 ICMA Brown, Lavoris PW - Greenspace Mngmnt - Park Super 5/1/2017 4/30/2022

81 ICMA Garcia, Cayetano Ocean Rescue - Lifeguard I 5/1/2017 4/30/2022

82 ICMA Sonny, Deo PW - Water Pipefitter 5/1/2017 4/30/2022

83 ICMA Tamayo, Orosmon PW - Civil Engineer I 6/1/2017 5/31/2022

84 ICMA Perman, Terry Parks & Rec - MSW III 6/1/2017 5/31/2022

85 ICMA Toussaint, Monier Sanitation - MSW1 6/1/2017 5/31/2022

86 ICMA Butler, Stevy Parks & Rec - MSW I 5/1/2017 4/30/2022

87 ICMA Granados, Dania Police Tech Serv. - Data Entry Clerk 7/1/2017 6/30/2022

88 ICMA Rodriguez, Rosario Building - Permit Clerk I 8/1/2017 7/31/2022

89 ICMA/NW Christian, Jeffery MSW III 9/1/2017 8/31/2022

90 ICMA Diaz, Juan Planning - Planning&Zoning inspector 10/1/2017 9/30/2022

91 ICMA Nunez, Daniel Property & Evidence Tech I 10/1/2017 9/30/2022

92 ICMA Ramirez, Haydee Administrative Aide I - Sanitation 10/1/2017 9/30/2022

93 ICMA Carcasses, Mercedes Code Compliance Administrator 10/1/2017 9/30/2022

94 ICMA Hart, Debora Office Assoc. V PW engineering 11/1/2017 10/31/2022

95 ICMA Christopher Marshall Mechanic III 12/1/2017 11/30/2022

96 ICMA Noborikawa, Jose Electrician - Public Works Sewer 1/1/2018 12/31/2022

97 NW Balbachan, Par I.T. Specialist II - I.T. 3/1/2018 2/28/2023

98 ICMA Hoanshelt, Judy Grants Manager Division Director 3/1/2018 2/28/2023

99 NW Morales, Yamilex CAO Paralegal CAO 4/1/2018 3/31/2023

100 NW Brown, Denise Police Records Supervisor - Police Tech 3/1/2018 2/28/2023

101 NW Randi MacBride Office Assoc. V Code Compliance 2/1/2018 1/31/2023

102 NW Sandra Meyer Office Assoc. V Building dept. 4/1/2018 3/31/2023

*New DROP Members

DROP Exits Exit Date

ICMA Gavalda, Robert Fire Prevention ‐ Office Associate V 5/31/2018

ICMA Douglas, Junior PW - MSW II 4/30/2018

miami beach employees’retirement plan of the … · 22984 olmeda cepeda juliany 4/26/2018...

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