Aug 15, 2024BoardMeeting
BoardCity Pension Fund for Firefighters and Police Officers in the City of Miami Beach Board of Trustees Meeting
The meeting addressed the resignation of a trustee, the approval of various pension service retirements and Deferred Retirement Option Plan (DROP) entries, and the commencement of pension benefits. Financial reports and warrants were accepted, and buyback schedules were processed. Legal counsel provided updates on engagement letters and agreements, and a discussion on pending disability applications occurred. Investment performance was reviewed, including a fee credit program for specific funds, and a private equity commitment was discussed but deferred. Finally, the Board authorized the RFP Evaluation Committee to negotiate and execute a contract with Lynchval Systems Worldwide, Inc. for pension administration software.