HomeMy WebLinkAboutBack-Up DocumentsMINUTES OF THE REGULAR MEETING OF
THE CITY OF MIAMI FIRE FIGHTERS' AND POLICE OFFICERS' RETIREMENT
TRUST
Members Present
O. Cotera
N. Enriquez
M. Fernandez
T. Gabriel
D. Kahn
T. Roell
R. Suarez
T. Reynolds
A. Valdivia
April 18, 2024
Appointed by the City Commission
Elected by the Fire Fighters
Appointed by the City Commission
Appointed by the City Commission
Appointed by the City Manager (virtual)
Appointed by the City Commission
Elected by the Fire Fighters
Elected by the Police Officers
Elected by the Police Officers
Also Present
R. Klausner - Legal Advisor (virtual)
D. Winegardner - Actuary
L. Watts - Actuary
Chairman O. Cotera called the meeting to order at 8:34 a.m. with a quorum
being present.
APPROVAL OF MINUTES
The minutes of the Regular Meeting March 21, 2024 were reviewed. The
minutes were approved by a motion from R. Suarez, a second from T. Reynolds
and a unanimous vote.
ADMINISTRATIVE BUDGET FY 2024-2025
The Personnel Committee reported that they had previously met and reviewed
in depth the proposed administrative budget for fiscal year 2024-2025 in the
amount of $2,03'9,789.00. The proposal has a 1.9% decrease from the previous
year. The Committee recommended that the proposed budget be adopted.
Discussion followed. A motion was made by T. Gabriel and seconded by R.
Suarez to adopt -the budget as presented. The motion was approved
unanimously.
MINUTES OF THE REGULAR MEETING OF THE CITY OF MIAMI
FIRE FIGHTERS' AND POLICE OFFICERS' RETIREMENT TRUST
April 18, 2024 Page 2 of 2
ADMINISTRATIVE COST FOR THE PERIOD
The Board reviewed the administrative costs paid for the period. M. Fernandez
moved and was seconded by T. Gabriel to ratify the payments. The motion was
approved unanimously.
RETIREMENTS FOR THE PERIOD
No retirement for this period.
DEATHS FOR THE PERIOD
The Administrator reviewed with the Board a new report showing members that
passed away. No action taken.
IMPACT - THREE YEAR EXPERIENCE STUDY
The actuaries were present and reviewed with the Board a report prepared to
address the recommendations made in the Three -Year Experience study.
Question and answer period followed the presentation. No action was taken.
CONFERENCES DURING THE PERIOD
A motion was made by T. Gabriel and seconded by R. Suarez to approve the
attendance of any and all Trustees to any and all conferences for the period. The
motion was approved unanimously.
Being no further business, the meeting was adjourned at 10:21 a.m. by a motion
by T. Reynolds a second by T. Gabriel and a unanimous vote.
Attest:
Ornel Cotera, Chairman
Dania Orta, Administrator