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11-15-1999y A genda/Pension 11-15-99 o I /,,4T ACTION AGENDA Board of Trustees of the Employees' Pension Fund November 15, 1999 1. Call to Order - 9:55 a.m. 2. Approval of Minutes: 10/4/99 - Approved as submitted. 3. Request for acceptance into membership: Mark Wallace, Duane Miller, Cindy Geary, Francis Whitney, Edith Jones, John Evans, Eric Kleinman, Scott Suba, Jonas Majerski, Joseph Farrar, Martin McCarthy, Natalie Pehote, Matt Daerr, Gerard Devivo, Michael Faulkner, James Horning, Jason Lynn, Steven Smith, Shawn Taber, Absolom Young, Chad R. Reed, James R. Butterfield, & Matthew B. Dupree -Approved. 4. Pension(s) to be vested: Antonia Babski, Nicolas Rivera-Ruiz, Carol Tresca, & Michael E. Harrell - Approved. 5. Authorize expenditure not to exceed $25,000 to Thompson, Sizemore & Gonzalez regarding Krieger v. City and Pension Trustees - Approved. 6. Approve changes to City of Clearwater Employees' Pension Plan; authorize staff to proceed with ordinance revision and referendum - Scheduled for Special Meeting 11/18/99. 7. Other Business - See minutes. 8. Adjourn - 10:46 a.m. TN s-I?eeS 3 Meeting Date: TO: Pension Trustees Approved by Trustees CITY OF CLEARWATER EMPLOYEES' PENSION PLAN/ PENSION ADVISORY COMMITTEE FROM: Pension Advisory Committee SUBJECT: Recommendation for Acceptance into Pension Plan DATE: October 14, 1999 As Trustees of the City of Clearwater Employees' Pension Fund, you are hereby notified that the employee(s) listed below have been duly examined by a local physician and each has been designated as a "first class risk". The employment of these individuals brings the number of FTE's as of this date to 1651.6 out of 1750.0 budgeted positions (including the City Commission). These employees are eligible for pension membership as noted in the Pension Eligibility Date column below, and it is the recommendation of the Pension Advisory Committee that they be accepted into membership. Pension Elig. Name, Job. Class, & Dept./Div. Hire Date Date Mark Wallace, Public Services Technician I/Public Works 8/30/99 8/30/99 Duane Miller, Equipment Operator III/Public Works 8/30/99 8/30/99 Cindy Geary, Staff Assistant I/Customer Service 8/30/99 8/30/99 Francis Whitney, Firefighter/Fire 7/19/99 7/19/99 Edith Jones, Field Service Representative/Customer Service 9/13/99 9/13/99 John Evans, Public Service Technician I/Public Works 9/13/99 9/13/99 Eric Kleinman, Maintenance Worker II, Parks & Recreation 9/13/99 9/13/99 Scott Suba, Field Service Representative/Customer Service 9/13/99 9/13/99 Jonas Majerski, Utilities Chemist/Public Works 9/25/99 9/25/99 Joseph Farrar, Solid Waste Equipment Operator/Solid Waste 9/27/99 9/27/99 Martin C. McCarthy, Police Recruit/Police 9/27/99 9/27/99 Natalie M. Pehote, Police Recruit/Police 9/27/99 9/27/99 Matt Daerr, Firefighter/Fire 10/4/99 10/4/99 Gerard Devivo, Firefighter/Fire 10/4/99 10/4/99 Michael Faulkner, Firefighter/Fire 10/4/99 10/4/99 James Horning, Firefighter/Fire 10/4/99 10/4/99 Jason Lynn, Firefighter/Fire 10/4/99 10/4/99 Steven Smith, Firefighter/Fire 10/4/99 10/4/99 Shawn Taber, Firefighter/Fire 10/4/99 10/4/99 Absalom Young, Firefighter/Fire 10/4/99 10/4/99 Chad R. Reed, Police Recruit/Police 9/27/99 9/27/99 James R. Butterfield, Police Recruit/Police 9/27/99 9/27/99 Matthew B. Dupree, Police Recruit/Police 9/27/99 9/27/99 Pension Advisor 06mmittee Chai S or Trustees of the Final Agenda Item It - 14 9A ?? Employees' Pension Plan 11/15/99 Meeting Date: Agenda Cover Memorandum SUBJECT/RECOMMEN DATION: Antonia Babski, Human Relations Department; Nicolas Rivera-Ruiz, Human Relations Department, Carol Tresca, Human Relations Department, and Michael Harrell, Police Department, be allowed to vest their pensions under Section(s) 2.397 and 2.398 of the Employees' Pension Plan as approved by the Pension Advisory Committee. ? and that the appropriate officials be authorized to execute same. SUMMARY: Antonia Babski, Human Relations Specialist, Human Relations Department, was employed by the City on April 27, 1988, and her pension service credit is effective on that date. Nicolas Rivera-Ruiz, Human Relations Specialist, Human Relations Department, was employed by the City on October 19, 1984, and his pension service credit is effective on that date. Carol Tresca, Human Relations Specialist, Human Relations Department, was employed by the City on April 8, 1985, and her pension service credit is effective on that date. Michael Harrell, Police Officer, Police Department, was employed by the City on October 22, 1988, and his pension service credit is effective on that date. The Employees' Pension Plan provides that should an employee cease to be an employee of the City of Clearwater after completing ten or more years of creditable service (pension participation), then such employee shall acquire a vested interest in the retirement benefits. Vested pension payments commence on the first of the month following the month in which the employee normally would have been eligible for retirement. Section 2.393 (p) provides for normal retirement eligibility when a participant has reached age 55 and completed twenty years of credited service or has completed 30 years of credited service. Section 2.393 (p) also provides for normal retirement eligibility when a participant has completed twenty years of credited service in a hazardous duty position and specifically designates the position of Police Officer as hazardous duty. Ms. Babski would have completed at least twenty years of service and reached age 55 on April 27, 2008. Her pension will be effective on May 1, 2008. Mr. Rivera-Ruiz would have completed at least twenty years of service and reached age 55 on March 20, 2007. His pension will be effective April 1, 2007. Ms. Tresca would have completed at least twenty years of service and reached age 55 on July 26, 2011. Her pension will be effective on August 1, 2011. Mr. Harrell would have completed at least twenty years of service as a Police Officer on October 22, 2008. His pension will be effective November 1, 2008. These requests were approved by the Pension Advisory Committee on October 14, 1999. Reviewed by: Originating Dept: Costs Legal NA Info Tech NA Human Resources Total Budget NA Public Works NA User Dept. Furding Source: Purchasing NA DCM/ACM ,,??yy c'plial Improvement Current Fiscal Year Risk Mgmt NA Other NA Attachments Operating Other Appropriation Code: Submitted by: O None city Manager _ZYPrinted on recvcled naaer Rev. 2/98 LL Sj' e -e- s o ; U ONE CITY. ONE FUTURE. City Attorney's Office Memorandum TO: Employees' Pension Fund Trustees FROM: Pamela K. Aki , City Attorney RE: Krieger v. City and Pension Trustees DATE : October 22, 1999 On August 16, 1999, you approved hiring the law firm of Thompson, Sizemore & Gonzalez to handle the defense of the above case for the Pension Trustees. I am requesting approval for the expenditure of not exceeding $25,000 to Thompson Sizemore's for legal services regarding this case. PKA: jmp Copy to: Michael J. Roberto, City Manager Margie Simmons, Finance Director Trustees of the Final Agenda Item # Employees' Pension Plan 11 /15/99 Meeting Date: Agenda Cover Memorandum SUBJECT/RECOMMENDATION: Approve changes to the City of Clearwater Eii,ployees' Pension Plan and authorize staff to proceed with ordinance revision and referendum. 11 _ and that the appropriate officials be authorized to execute same. SUMMARY: Recommended Plan Changes: 1. Add an ad hoc Cost of Living Adjustment (COLA) of 1.5% for active employees and retirees. 2. Change Average Monthly Compensation from final five years of service to high five years of service. 3. Change plan so that vested employees retiring at age 65 with less than 20 years of service would get a "normal" retirement instead of an actuarial equivalent or "reduced" benefit. Reviewed by: Originating Dept: Costs Legal NA Info Tech NA Human Resources Total Budget NA Public Works NA User Dept. /f Funding Source: Purchasing NA DCM/ACM ca"t'al'mpfOVCme"t Current Fiscal Year Risk Mgmt NA Other NA Attachments Operating Other Appropriation Code: Submitted by: 0 None City Manager -ZYPrinted on recycled paper Rev. 2/98