All mail and correspondence should be sent to the GERS at:
316 NE 4th Street, Suite 2
Fort Lauderdale, FL 33301

View the latest Investment Policy update and Actuarial; Report located on the Fund Portfolio page. The link is in the upper right corner of this page.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~

January 3, 2012
REMINDER: If you want to retire under the Bonus Incentive Program (BIP), you must have the forms from Human Resources completed, signed, and notarized no later than FEBRUARY 1, 2012. Call our Office at 828-5171 if you have questions or need any information.

Click here for an estimate request form to find out your pension benefit with the Bonus Incentive Program and retire no later than March 16, 2012.

December 8, 2011
Dr. Robert Helmholdt was honored at today's Board meeting for his dedicated two-term service as a Trustee. His appointment ends December 31, 2011. Click here to view Chaiman Bucci presenting a plaque to Dr. Helmholdt.

December 7, 2011
The results of the Trustee election are in and John "Le" Bucci and Darlene Pfeiffer were the top two vote getters. Congratulations to the winners and thank you to the other candidates.

September 22-23, 2011
GERS and P&F Retirement held the annual Retirement Planning Seminar on September 22 & 23. The handouts from the speakers are listed here for review.
Actions by the State Legislature - Fred Nesbitt

Approaching Retirement - Al Pinzon, Nationwide

Retiring, Now What? - Hortensia Perez, ICMA

Estate Planning - Shane Kelley

City Retiree Health Benefits - Denny Stone & Barbara Stanley

Social Security Presentation - Fred Nesbitt

Thanks to the presenters for their dedication to the City's employees.

Also, click here to read the 7 Steps to a Sound Retirement.

*********************************************

June 30, 2011
The Board of Trustees has recommended to the City Commission a cost of living allowance for retirees and beneficiaries. Click here to read the Chairman's letter and here to see the Actuary's cost figures.

March 8, 2011
The GERS Board asked Chairman Bucci to forward to the City Commissioners a recent Wall Street Journal article entitled Retiring Boomers Find 401(k) Plans Fall Short. The article details some of the problems current retiring Baby Boomers are having with their Private Sector 401(k) Savings Plans. Read Mr. Bucci's letter to the Commissioners here and review the WSJ article here.

March 1, 2011
Click below on the recent publication by the National Institute on Retirement Security entitled Out of Balance to read about the comparison of compensation between the Public and Private sectors over the past 20 years.


February 5, 2011
On February 1, 2011, a consorsium of national entities that work with Public Pensions released a paper entitled Facts on State and Local Government Pensions. Click here to read this important publication.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Click here to read the Impact of Public Pensions on State and Local Budgets presented by the Center for Retirement Research at Boston College.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Dr. Fred Nesbitt, in conjunction with the Florida Public Pension Trustees Assoc. (FPPTA) has authored a very informative paper titled 401(k) Accounts are not Retirement Plans. (Click to read)

This paper details the history of Defined Contribution Programs and the reasons these accounts are not to be considered replacements to traditional Defined Benefit Plans.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Do you know when to begin your pension? Click here.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~