06-01-1999
Agenda/Pension
6-1-99
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ACTION AGENDA
Board of Trustees of the Employees' Pension Fund
June 1, 1999
1. Call to Order - 9:24 a.m.
2. Approval of Minutes: 5/3/99 - Approved as submitted.
3. (Cont. from 5/3/99) Request to buy back previous pension service credit: Leonard
Marotta - Approved. **
4. (Cont. from 5/3/99) Request to buy back previous pension service credit: David
Krieger - Approved. **
5. Other Business - see minutes
6. Adjourn - 10:23 a.m.
** These items had the action rescinded at the special Trustees meeting of 6/7/99
Trustees of the r '
Employees' Pension Plan firtat-Agenda Item #
Agenda Cover Memorandum Meeting Date: Cp ??
SUBJECT/RECOMMENDATION:
Leonard Marotta, Police Officer, Police Department, be allowed to buy back his previous pension service credit:
as approved by the Pension Advisory Committee
0 and that the appropriate officials be authorized to execute same.
SUMMARY:
Leonard Marotta, Police Officer, Police Department, was originally employed by the City of Clearwater as a
Police Officer on August 26, 1979. Mr. Marotta resigned from the City on August 26, 1982, after 3 years of service
and withdrew his pension contributions in the amount of $3,890.97. Mr. Marotta formally requested a withdrawal
of his resignation under the appropriate Civil Service Rule. Although his request was made 19 days past the
six-month deadline, he was granted approval by the City Manager at that time to withdraw the resignation. He
returned to work as a Police Officer on April 25, 1983. Upon his return, Mr. Marotta's seniority date was adjusted
by 241 days, the number of days he was actually gone, as is done in any case where an employee withdraws a
resignation. Additionally, Mr. Marotta was credited with all his benefits, including sick leave and vacation.
At that time, Mr. Marotta made a request to pay back the monies he had withdrawn from the Pension Plan.
Mr. Marotta was advised by the Police Chief that this request was denied.
In 1996 Mr. Marotta made another request to buy back his pension service credit. He was advised that the amount
he would have to pay back at that time was in excess of $65,000.00. At the Pension Advisory Committee meeting
on March 11, 1999, Mr. Marotta again asked the Committee to allow him to buy back these three years. After
some discussion, a motion was duly made and seconded that Mr. Marotta be allowed to buy back his previous
years of service with interest on the $3890.97 in the amount of 5% per year from the date he left in 1982 until the
present time. The reason for this action is to correct an inequity caused by an arbitrary decision. This matter is
now being forwarded to the Pension Trustees for consideration.
Reviewed by: Originating Department: Costs: Commission Action:
Legal NA HUMAN RESOURCES $ ? Approved
Budget NA Total ? Approved w/Conditions
Purchasing NA User Dep ment: ? Denied
Risk Mgmt. NA Current Fiscal Year ? Continued to:
Is NA Funding Source:
ACM ? Capital Improvement:
Other NA Advertised: ? Operating:
Date: ? Other: Attachments:
Pension
Paper:
Submitted by: ? Not Required Appropriation Code
Affected Parties: 646-07410-514100-585-000
? Notified ? None
City Manager n Not Required
0 Printed on recycled paper
4
Trustees of the
Employees' Pension Plan
Agenda Cover Memorandum
F4v4-Agenda Item # __q
Meeting Date: _ 17 I
SUB)ECURECOMMEN DATION:
David Krieger, Police Officer, Police Department, be allowed to buy back his previous pension service credit as
approved by the Pension Advisory Committee.
19 and that the appropriate officials be authorized to execute same.
SUMMARY:
David Krieger, Police Officer, Police Department, was originally employed by the City of Clearwater as a Police
Officer on September 3, 1968. Mr. Krieger resigned from the City on August 11, 1972, to attend school after being
denied a leave of absence for this purpose. He withdrew his pension contributions in the amount of $1,292.62,
which equaled his contributions of $1,615.78 less the 20% administrative fee charged at the time. Mr. Krieger
made several requests to return to the City upon completion of his education but was denied due to a hiring freeze
at the time. On March 28, 1977, he returned to work as a Police Officer and was admitted to the Pension Plan
effective on that date. Upon his return, Mr. Krieger asked to buy back his pension service for his previous period
of employment; but his request was denied. Over the years Mr. Krieger has inquired on several occasions about
buying back his time and was denied. In 1996 when an opportunity was given to all employees in similar
situations to make a request to buy back time, Mr. Krieger did so and was advised that in order to get credit he
would have to pay in excess of $ 76,000.
As a result of several recent decisions by the Pension Advisory Committee and Pension Trustees to allow
employees to buy back time in a more affordable manner, Mr. Krieger again requested that he be allowed to buy
back this time. At it's meeting of April 8, 1999, the Pension Advisory Committee approved Mr. Krieger's request to
buy back his time at the rate of 5% interest per year since the date of withdrawal of the monies. As of April 12,
1999, the amount to be repaid to the Pension Fund by Mr. Krieger would be $4,927.91.
This matter is now being forwarded to the Pension Trustees for consideration.
Reviewed by: Originating Department: Costs: Commission Action:
Legal NA HUMAN RESOURCES $ ? Approved
Budget NA Total ? Approved w/Conditions
Purchasing NA User Department: ? Denied
Risk Mgmt. NA Current Fiscal Year ? Continued to:
Is NA Funding Source:
ACM ? Capital Improvement:
other NA Advertised: ? Operating:
Date: ? Other. Attachments:
Pension
Paper.
Submitted by: ? Not Required Appropriation Code
Affected Parties: 646-07410.514100-585-000
? Notified ? None
City Manager ? Not Required
0? Printed on recycled paper