CITY OF HIALEAH  EMPLOYEES RETIREMENT SYSTEM  Board Chairman Robert W. Williams II Board Vice Chairman Michael Rosengaus Board Secretary David Fernandez Board Attorney Stuart Kaufman Plan Administrator Ivette Hernandez  TOI HETA EMPLOYEE 5  Board Members Daniel Cruz Marcelino Moreno Quentin Webb Carlos San Jose  REGULARLY SCHEDULED MEETING OF THE  BOARD OF TRUSTEES JUNE 27, 2024 1:30 P.M.  CITY OF HIALEAH COUNCIL CHAMBERS  Moment of Silence Led by Mr. B. Williams Withdrawals, Deferrals, or Additions  Roll Call Public Comments  Robert W. Williams III, Chairman Michael Rosengaus, Vice Chairman David Fernandez, Secretary Daniel Cruz Quentin Webb Marcelino Moreno Carlos San Jose  Present Present Present Present Present Present Present Present  Stuart Kaufman, Board Attorney  Item 1  Reports to the Board: A) Golub Capital  B) Churchill Asset Management ) PennantPark D) CapTrust  TELEPHONE: (305)883-5872    Retirement Board Agenda June 27,2024  MOTION by Mr. Rosengaus seconded by Mr. Moreno, as follows:  "To approve to terminate Lazard International and replace them  with Rhumbline MSCI EAFE index."  MOTION carried a 7-0-0 vote with B. Williams, Moreno, Rosengaus,  Cruz, San Jose, Webb, and Fernandez voting "Yes".  MOTION by Mr. Rosengaus seconded by Mr. Cruz, as follows:  "To approve committing $15 million to Churchill and $5 million to  PennantPark."  MOTION carried a 7-0-0 vote with B. Williams, Moreno, Rosengaus, Cruz, San Jose, Webb, and Fernandez voting "Yes".  Item 2  Retirement Division Administration:  A) New Hires: None  B) Estimates Requested (Attached) C) Loans Requested: May & June (Attached) D) Financial Report (Attached) E) Deceased Retirees Report (Attached)  Item 3  Comerica - Ernst & Young, LLP Audit = Trust Service Administration and Transaction  Processing System.  -Tabled. 5/21/2024  MOTION by Mr. Rosengaus seconded by Mr. Fernandez, as follows:  "To remove Item 3 from table."  MOTION carried a 7-0-0 vote with B. Williams, Moreno, Rosengaus,  Cruz, San Jose, Webb, and Fernandez voting "Yes".  2    Retirement Board Agenda June 27, 2024  Item 4  Proposal of Mortality Verification Services to resolve the matter on annual proof of life  affidavits to retired employees -By ABL Tech  MOTION by Mr. Cruz seconded by Mr. Fernandez, as follows:  "To table Item 4."  MOTION carried a 7-0-0 vote with B. Williams, Moreno, Rosengaus,  Cruz, San Jose, Webb, and Fernandez voting "Yes".  Item 5  Discussion and possible approval of the Actuarial Valuation Report as of October 1,  2023. -By Foster & Foster, Inc.  MOTION by Mr. Cruz seconded by Mr. San Jose, as follows:  "Toapprove the Actuarial Valuation Reportas of October 1, 2023."  MOTION carried a 7-0-0 vote with B. Williams, Moreno, Rosengaus, Cruz, San Jose, Webb, and Fernandez voting "Yes".  MOTION by Mr. Rosengaus seconded by Mr. Cruz, as follows:  "To approve the interest credit from 10/1/22to! 9/30/2023."  MOTION carried a 7-0-0 vote with B. Williams, Moreno, Rosengaus, Cruz, San Jose, Webb, and Fernandez voting "Yes".  MOTION by Mr. Rosengaus seconded by Mr. Cruz, as follows:  "To approve the 7.5% rate of return."  MOTION carried a 7-0-0 vote with B. Williams, Moreno, Rosengaus,  Cruz, San Jose, Webb, and Fernandez voting "Yes".  Item 6  Discussion on the buying service time of Justo Diaz De Arce (Fire).  3    Retirement Board Agenda June 27, 2024  MOTION by Mr. Cruz seconded by Mr. Moreno, as follows:  "To approve Mr. Diaz De Arce's request in leaving what he already purchased for time and not pay back the rest of what he owes."  MOTION carried a 7-0-0 vote with B. Williams, Moreno, Rosengaus,  Cruz, San Jose, Webb, and Fernandez voting "Yes".  Item 7  Discussion and possible approval to pay the following invoice from KSDT CPA for  services rendered in the total amount of $7,500.00.  MOTION by Mr. Cruz seconded by Mr. Rosengaus, as follows:  "To approve to pay the following invoice from KSDT CPA for services rendered in the total amount of $7,500.00."  MOTION carried a 7-0-0 vote with B. Williams, Moreno, Rosengaus,  Cruz, San Jose, Webb, and Fernandez voting "Yes".  Item 8 Kaufman  Scotts Miracle-Gro Securities Litigation- Ratification of Complaint -By Board. Stuart  MOTION by Mr. Cruz seconded by Mr. Rosengaus, as follows:  "To ratify complaint on Scotts Miracle-Gro Securities Litigation."  MOTION carried a 7-0-0 vote with B. Williams, Moreno, Rosengaus,  Cruz, San Jose, Webb, and Fernandez voting "Yes".  Item 9  Discussion and possible approval of staff and trustees to attend the 2024 Koried Global  Summit in Coral Gables, FL on July 17th-19th, 2024.  MOTION by Mr. Rosengaus seconded by Mr. Cruz, as follows:  "To approve to attend the 2024 Koried Global Summit in Coral  Gables, FL on July 17th-19th, 2024."  4    Retirement Board Agenda June 27, 2024  MOTION carried a 7-0-0 vote with B. Williams, Moreno, Rosengaus, Cruz, San Jose, Webb, and Fernandez voting "Yes".  Item 10  Request to pay the following invoice from Foster & Foster for services rendered in the  total amount of $43,783.00.  MOTION by Mr. Cruz seconded by Mr. Rosengaus, as follows:  "To approve to pay the following invoice from Foster & Foster for services rendered in the total amount of $43,783.00."  MOTION carried a 7-0-0 vote with B. Williams, Moreno, Rosengaus, Cruz, San Jose, Webb, and Fernandez voting "Yes".  Item11  Request to pay the following invoice from Klausner, Kaufman, Jensen & Levinson for  services rendered in the total amount of $3,500.00.  MOTION by Mr. Cruz seconded by Mr. Rosengaus, as follows:  "To approve to pay the following invoice from Klausner, Kaufman, Jensen & Levinson for services rendered in the total amount of  $3,500.00."  MOTION carried a 7-0-0 vote with B. Williams, Moreno, Rosengaus, Cruz, San Jose, Webb, and Fernandez voting "Yes".  Item 12  Approval of the following Retirement Board Minutes:  A) May 21, 2024  MOTION by Mr. Cruz seconded by Mr. Rosengaus, as follows:  "To approve Retirement Board Minutes 12A, May 21, 2024."  5    Retirement Board Agenda June 27, 2024  MOTION carried a 7-0-0 vote with B. Williams, Moreno, Rosengaus,  Cruz, San Jose, Webb, and Fernandez voting "Yes".  Schedule the next regular Retirement Board meeting for Tuesday, August 20, 2024, at  1:30 P.M., Council Chambers, 3rd Floor.  New Business:  Input from Active and Retired Members:  Persons wishing to appeal any decision made by the Board with respect to any matter considered at this meeting will need a record of the proceedings, and, for such purposes, may need to ensure that a verbatim record of the proceedings is made, which record Ina accordance with the Americans with Disabilities Act of 1990, persons needing special accommodation to participate in this proceeding should contact the Office of the City Clerk at (305) 883-5820 for assistance no later than seven (7) days prior to the proceeding; if hearing impaired, telephone the Florida Relay Service at (800).955-8771 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 open to the public, shall serve asan access point. Persons wishing to attend should appear at the access point, where access to the meeting will be provided.  includes the testimony upon which the appeal is to be based.  (TDD), (877)955-8773 (Spanish) or (800).955-8770 (Voice).  6