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Welcome: 5/25/2019


WEBSITE LAST UPDATED
May 3, 2019

Record custodian contact information:

City of Fort Lauderdale General Employees' Retirement System
316 NE 4th Street, Suite 2
Fort Lauderdale, FL 33301

Office: 954-828-5171
Toll Free: 888-269-4447
Fax: 954-828-5270

E-Mail: contact@citypension.com


GERS NEWS

The next annual retirement seminar for actively employed members has been scheduled for September 27, 2018. Seminar materials will be published and uploaded to the website as they become available.

The first retiree newsletter/update (click link to open) was mailed out October 5, 2018. The newsletter included an update on the status of cost-of-living adjustments and other important information. Since then, the matter has been considered twice by the City Commission most recently on February 19, 2019. Funding the cost of a COLA has become incorporated into the overall budgetary process, which will be developed over the coming months. One of our retirees, Hattie Brinson, has actively monitoring in the process from the beginning and has invited anyone interested in becoming involved to contact her at kingdomtime@live.com.

Investment_Returns_2018_Fiscal_Year – we are very pleased to announce that the return of theRetirement System's investment portfolio was a remarkable 8.9% net-of-fees for the 2018 fiscal year. Even more impressive is that this return ranked in the top 29% of the public pension fund universe. These returns serve to enhance the already very strong financial position of the Retirement System. A full report is available for download linked as 2018 FY Investment Report.

The last annual retirement seminar was held on September 28, 2018, the seminar materials are available for download linked as 2018 Retirement Seminar.

GERS is pleased to announce the results of the recent election for two positions on the Pension Board of Trustees. Marian Dollard was elected to the Pension Board and Lynn Wenguer was re-elected to the Pension Board. They will both serve as Trustees for a three-year term beginning January 1, 2018 through December 31, 2020. Please join us in congratulating Marian and Lynn and wishing them much success!

Investment_Returns_2017_Fiscal_Year – we are very pleased to announce that the return of the investment portfolio of the System was a spectacular 15.1% net of fees for the 2017 fiscal year. Even more impressive is that this return ranked in the top 2% of the public pension fund universe. These returns serve to enhance the already very strong financial position of the Retirement System. A full report is available for download linked as 2017 FY Investment Report.

The Board welcomes:

Marian Dollard - employee elected Trustee joined the Board on January 1, 2018
Jill Prizlee - employee elected Trustee joined the Board on January 1, 2017
Lynn Wenguer - employee elected Trustee joined the Board on January 1, 2016
Ron Cameron - reappointed by the City as Trustee on January 1, 2016
Nicholas Schiess engaged as Plan Administrator on April 26, 2016


The Board says goodbye to the following significant contributors:

William Long - former Trustee retired and departed the Board on December 31, 2017
Mark Darmanin - former chairman and a very long serving member of the Board departed on December 31, 2016
Darlene Pfieffer and Julie Cameron - former City appointed Trustees departed on December 31, 2015
Robert Dunkel - former legal counsel for many years retired on November 11, 2016
David Desmond - former Plan Administrator retired October 1, 2015 after 15 years of dedicated service.

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