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Welcome: 2/17/2020


WEBSITE LAST UPDATED
February 12, 2020

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

GERS is pleased to announce the results of the recent election for two positions on the Pension Board of Trustees. Jeri Pryor was elected to the Pension Board and Jill Prizlee was re-elected to the Pension Board. They will both serve as Trustees for a three-year term beginning January 1, 2020 through December 31, 2022. Please join us in congratulating Jeri and Jill and wishing them much success!

The last annual retirement seminar was held on September 27, 2019, the seminar materials are available for download linked as 2019 Retirement Seminar.

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 Board welcomes:

Jeri Pryor - employee elected Trustee joined the Board on January 1, 2000
Marian Dollard - employee elected Trustee joined the Board on January 1, 2018
Jill Prizlee - employee elected Trustee joined the Board on January 1, 2017 and was re-elected January 1, 2020
Lynn Wenguer - employee elected Trustee joined the Board on January 1, 2016 and was re-elected January 1, 2018
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:

Jonathan Stahl - former chairman departed the Board on December 31, 2019.
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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