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' ' ' � . � . . , i � , � � , ' • ACTI�N AGENDA ' � � � � ' , � ;�.��� , � � � ' � � � Bo�rd o# Trustees of the �mptayees' Pensian Fund � � � � , .. � . � ; � : , , � February. Z8, 1994. � � . � ' ' � ' . . � , . � . � 9:00 a.m. � ��' . � � �. . ' � � , .. . ' , ' . . , , , ' „ ' . . �. , �z�� � � , 1. � . Cali to arder � � 'I�. 9:23 a.m., � . . , , . , , . �. 2. Appraval 4f Minute's . ' 2. Ap�roved as submltted. - ' � " af 2/14194 . _ . . ' , � ' , � �' � . � 3. .Request for acceptance , � 3. Appraved. ° �� , � � � �,' . ..into�rnembership: , , � " . �, ,. , � � , � , .' � a} Ja#�n M. Murray . � , , , � � ., . � bj Eric �.. Nannah � � . , , , , � ,' . c? Arthur Ri�ers � ' � ' ' � � � . - ', � � d1 Troy Collie . ' . ' � , � . a) Cynthia A. Lavalle� . � . . . , � f} Eric A. Pryor . . •� ��''.. . , � g1 earbara Moo� � . : , h? Terence B. Griggiey ' � � : . � • . . �} Michael W. ARders�r� . , �� . J? Valerie Horn�eck � . � � , � ' , ' 4. Regular Pension to be granted: �. Granted. � � � WilEiam Truliard ' � � � a. Regular Penaion to fae granted: � 5. � Grant�d. ' � . Wil�iam E. ICroeger � . � . � , �, �. � 6. Survivor's P�r�sian to be grant�d: fi. Granted. �� Joshua and Heather Thurstan, . ' � , � � minor childr�n af Der�nis Thurston . � 7, Request of Der�ver I�vestme�t 7. Approved. ` Advisars to. ackr�owiedge dnd ' � � , � make part of their oriflinal . ' �, � � . . � agreement statemertts related to � . , . � ERISA and assignment of their � . • • ' � � . ' con#ract � • PFA 212$/94 _...�. '��� � t , .'i.' [ . s . � � . - .3 i . � . . , ' , ' '• � . s�� :F�'� . ' 'i. ' . � � . :. . . ' . , � N :. r Y • I � .;l : ' `� � � � ' �, � , ', .. ' ; . � . :. � . . . i . , . ' . . , , • . . . . • �'� � � . . : �' � �f � . . . . , ' � � ' , . . � , . , , . . . . . ' ' . . , i'..�. . tx �.''r'' ' . ,' ; � . � . ; . , . .' � . , ' ' ' ' , , . . , � .� ' . �4.n <�i� �ti 1�,'�� �, '` +' .. . � . ' ;.' . � 1 . � 1' . .• - ' � . •. ,� � � . � , : � . � i:.'�1 • �� � . . . .. . . , . • ' � � . , i���'. . .. . \� . .'i •�s .. 4 � � i� � . , . ' . . ' � . . . ' � �t. ' ' � ' ' � ' , , -� .� • r:f� ;i�: � . �a � . ' } ' �i', • i ,' . " , . ' � . . " . . i. . � . . ,'t � . ' . ; ' ' . `e'` • 't`` 3'' '.-, r�F.- ik ,i'' ` . ' ' ., . • , , , , ±,� : � .. , . ,. ` . ;y ''�, '' y .��,., ' �. ,{ .., . � . , . `1�:,�, � , �.f• • � .r. . . . . � �.. .! . . '. . � ' ' ' '1 , .. . + ,j: f ' '� �- � . ,�i; . . .;t.. . . ' '� �• ' . �����.. �i r �� ��F �.i� . � . ..I�� "r5�. .F. S � '� . � . . .r " . .. . . . . , � . � �, i • • � . . 1�' S'� ''�' r;� �,5 l. '. j�'' � i' . '�� ` : 1 . � . . � � . � ' � . . . �i "t)'1. '.il... . i��: � ; . .... .�k,:�'1 . .e � � . t i �} •• • . 'i ! ' ' . � � . i = \./�1 ��i, �� � •i,, .1� , r l�:i � 1 ``�A'sf. . � ., , . . . ,I . . . . . � t ' . `t. �� . % `.{" � '.2.,. !� t:k. . '. ' ., . ' .� . � . .. ° . . . �'�f� �,i� '��!�-�y�'Gfn 'iti�'� e ��t, ' 9•11� �, ' ' �, � ; . � . ,r, o ; . y, , (l� . ' ' ' . ' �. �1�iii'{!�',"::':.'4,`:+:. S��`���I. .,i�}ii+[4.fia�:Y+. .f :lr�'k...'�Ll:_�'lC'i�"��:.�i":'.Li.�ir'�:�.:...� :�5..� n. . -.t�� . a.. . . . r. . .. �Wr....i�... .!'' . ... ...�r�l.a`.S:",ii. �..�... ,y .... . . ....Y r,. � . .....a � . . � '�'. .r • °.! .. . . - .. . . .<"t. '•''� , �, #., ' ' . .' �, , . � ' •� � ' � 1� , . �' .�, `' � i, � r . � � ' i. � . . � . Ky� ' � � � , • . � . • ' � . . • ' • . � . � . . . . 11 R� . . � . , ' .. 1 ' � . . ' ,' . . � � .� ' � , � t � � , V � '�'`St� . ' . . ' , � , -1" . . , , ` , . . �:�,. .°, � ; � � 8, �� Request of Shtelds Asset t� � ', , . 8. �, AAproved. �� . . . � • � . , � . �;��,' � , � . , �. ��'Managemer�t ta a'ssi'gn.their s • � , . , . . , , ; � ''�`�" ` . � ` " � contract for fixed income . � � �. � ' . . . � ' :;�;' . • . ,.. � , •��> : . � � �investment management to � • � , • ,;,�, � . . . . . . . . . , . � ., . . � ' Alliancs ,Capital Management L.F'. ' . : ' . � � . . � . � ; - : . , • `.'9. ,. � t7ther Business: , � 9. a� Approved. � . ' ' • ' �F���-� � • • '` ` 81 aPP►ove expsnditure of nat to � . �. � • �� , 3�.. . . . . . . . . , � . . , ex�eeci 525,000 for �ity's actuary, . � ' � . , . � . Coopers & Lybranci, to perform� . ' � , . � . . :. � . � ,� .� - �' . , � ' speciai actuarial �nalyses � � ` � . � ' �� � . , �. � ; , estimating 'casts of proposed � � � . � '. �, ' : " r; � . � � � �pensinn ptan ci�anges t� ' . . � . • . . . . � , �: ' . ,� �empiayees cov�red' in the � . . . � � . , � . . ' ' � `. `, �bargaining units and the pensiart � ' . � • . � ' � . ` � �, � � . pian . . ', . � � . ' . , , � � ,. ; , . �' , . . _ , - . ,.. . 1 a. Adjsaurnment: � . � . , -9 0. � 9:30'a.m. , . . . ,.':�. : . . � - � . . , . .' , - � '� � , . . �. � . � � ,. . . .. .. ' y° ' l F � ' ' . ' , ' ' , • ' , : , ' . , ' . . , . • . . � ! , " � ' , ' . . . �. • • , ' . . , . . . • . � r � . � ' . � i , . ' . . � ' � . . . l� . . . , r . , . � . . . . � . ' , , � . . ' . . ,r _ . , . ' . ' . . , ' � ' " . . � ; , r � , . , . , .. ' � � . ' , � � � • � ' , � , ' � . , 'E . . � ' . ' ' . ' �. . � � • . ' � � � ' , � � ' ' � • . . ' . . . . � . . . . � . � ' � ' , . . . . . . . . ' . ' ' . ' . � � . � ' �{ ' ' � , ' ' � � .� . . . � . '. , e � ' , . �„ � � �' PFA 2l281:34 , . � ' . � . � � . . j , . . , • � . , ' . . . 1 , t � . • � ' • � � . f.. • � • � � � • ' s � ! C,���". � � " .. , . , � . . , . . . .. . , � � . � . . . � � . . .. i.., . . , ' � . , . . _. . . . . . , i• ' � f t �'� � TRUST�ES (7F THE EMPLQYEES' RENS�QN FUND � �- � � Agenda Cover Memorandum Subj�ct: � Mcmb�:ship in Emplaycei' Pension PYan � Recommendatlon/Motion: , � ltam # , Maeting !]ate: Empla�ee�s) lisied below be 7ccepted into the Empioyces' Pensinn Plan as recam�nended by the Pensit�n Advisory Committee, ❑ and that the a ropriate officfals be suihorized to sxecute same. . BACKGRCxJND: ►��F- �� �� .iahn M. Murray, Sanitatiori Worker Eric L. HannAh, 5anitatioa Workcr Arttjur 12i�ers, Sanitatinn Worker 'froy �ollie, Sanit�tion Worker Cynchia A. Lav�llee, Pal. Com. Oper. Eric A. Pryor, Mainten�n�e Worker II Barbara Moan, Recreation Leuder Tnrence. B. Gri�gley, Re�, AssistaRt Mi�hael W. Andc;rson, Meter Re�air Tec�mici�n I Vatcrie Horrtbeck, Mar, Fac. Oper. Pa�e Revic�+ed by: Legaj ---- �. NA Sudgct _ NA�.� Purchnsing �{� Risk Msmt. �V�� C[S ACM (7tiier �p �,. S��bn�ittcd by:. City Mana;�er ..� .� ....�._ �f � , ��wl� Pub. Wks./Sol. WUSte Puh. Wks./5o�. W�ste Pub. Wks./5of. Wastc Pub. Wks./5o1. Waste Aolic� Pub. Wks,/Pub. Ser. Parks & Recreacian Farks & Rccreation Pub. �Vks./Water Marins Seniority Date 9/13/93 4f 2 3143 5/3/93 9/20193 1/10/94 11�0/94 11I0/94 8/8/89 2l7/9� 519187 Pension Effcctive Date I/f�/94 ill �f94 l / ! 0/94 1/10/94 1/1019�4 i i � a��� I/14/9� I/2419A ?1719� 1/I0l94 Origins�tinb DepE: ,�'/�asts: � Commission Act[an: Human Rcsourc,es�� 'Cntal � Q Appraved ❑ Approved wlco�iditions Ustr Dcpl.: Current FY ❑ 17enicc� [] Continucd to: Ac�vcrtised: Dute: Paper: � Not require;d Aft'ccted ps�rtics ❑ i�inti��icd � Nnt rcyuirc� T'un�ling Sourcc: ❑ L�pt. �mp. ❑ O�crnti��g ❑ Dt1�er Appraprintion Codc: ilttuchmentss I.ettcr{s) ❑ Nunc 1 ' ' 1 , . . . . . . � � - • •��� � . . . . . . � ' ' • . � ` � . ' . . . � � � ' i . � 1 ' ' . ' . . . ' • � . 1 . ' � . . . , ' � , ., . ' . ' ' . ' i ' ', � ' . ' � . . . . � . ' � ;' ' . . . . .. . . . ' . . , , . , �! . � , � . � ,�� � ' 1 '' � . ' � . ' " , � '• e . , ' . � . . . . . - . � � f . . . .�` . ! . � . . � , • ' . h+�i. '.}.'.i ,� �. . . . .v r ^'.t.'. . . F,%�P1.�:t ..��. . � t5x. , � �1,` . . 1. •� ' � . .� . . � , ' , ' . . . . • . . ' . � r � . � t y , � . ' � , ' ' i - . i .� , � , C1TY � QF ' CLF.ARWATER . � EMPLOYE�5' PENSION PLAN ' • . P�NSIQN AT3VISORX COMMiTTFE • , . ` TU: • Pension Trustees , �. IRdM: � , Pens�nn Advisory Cammittec � ' ' SUBJECl': Recommendation far AcccpEUnce inta I'ensinn Plan � DATE: �ebruary 2, 1994 , � As Trustces of thc City af Clcarwater �mployees' Fensian Fund, you �rc hercby natif'ied thut ,the emp)ovee(s) lislcd hclaw , have been d�Iy cxnmincci by � Iocul physician und e�ch hns been designutcd ns :� "first cla�s risk". � . � . . '. Ti�eSe e�pioyees ure .cligiblc �or pensinn membership as nated in thc Pension Gligibility Dute � column beiow, and it rs t�c rccommendation of thc Per�siUn Advisory Committee tliut ttiey 6e , acccpted inta membcrship. . � . . L�m��lob. �luss. & Dept./D"u,r. , ' John M Murr��y, Saziitation Warker, Puhlic Works/Solid W:istc '�Employec hircd frnm tem�nrury . [o full-time pernzarient 5tatu5. Hire dAte reflects date hirec� AS temporury. Eric L. Hnnnah, Saiiitation Workcr, Public Warks/SaFid Wnste "'�mployee. hired from tempor��ry to fuli-time permancr�t status: Hire date rc#�ects c3ate hir�d us temparary.. ' Arthur Rivcrs, Sunitntion Wc�rker, Public WorkslSolic! Waste � *�mplayee hired from temporary . to full-time permnnent stutvs, Hire datc reflecis date hired ns tempor�iry. Troy Collie, . Sanitution Warker, � Pubjic WarksJSaIid Waste *�ntgloyee hired Frarn temporary ta t'uli-tiinc permauent stutus. Hire datc reflects d�te l�ired ps temporury. Cynthi� A. � LavalIce, �'uli�e Cummunications 4perntor, Policc DepArtment ' Erir A. Pryar, MnintcnAncc Wnrker II Public , WorkslPi�blic 5crvicc �nrbnr�� Ma�n, Recresuion Lc�der, Pnrks & Rc�crciitinti Degurtinenl pirih i��te i �/23/7� 4128/69 i U14/57 10/1/72 3/I S/S9 4/4/6? 1/4/SG Hire_I�te 9/13l9� 9! I 3193 5/3193 s�zai�a i/10/94 111 E1194 1/10/94 Pension l:li�. Dzitc 11l Q19�4* I/IQ194* 1/10/94* Fiio��a* � II101�la Z/IQ194 l l t U194 � , •�"`,'� , � . . . . .. ' ' . . .� I ' ' ' , ... . . ..�. � � . i i � . .. � � � ' . � . � � . .� .. • . ..�� ,'i'x� 11 . . . , , . i � � , . � . � . � � ' . � • . � S. � • � ' , ' . . ' . . � . � . . � . . . . ' > . • . • ' � �1 ' .. . . . . � . , � ' � � � ' . • . . . . . . . .• �. . �, . r ••� , . ' . � . 1 ' . . ,� � • ' � , . . , ' . .. �f ' � .t, ' �.. . . . . . � . ' ;• � ' . .. . • � .r 'l:s ... 4 ' , . � � . . . . ' .I . ' , I ' ,. . .•i l� � ' � ' � '� .� " . . .. . 1�f I ' ' ' � . • , . . � � . � . , . , . ' • • . .. • .i' •. . . �`. ,}�.� ' - _ � .' ° • • . . � . � . ' � • f •�•� � �r, . • • �. r �r,.' I�'��� �1... ,' . �'1, 1 �.� . ' '' . � .. , . � �� . . . , . . � ' i.' ' � . � � ,1�: .{' 4' l . . . . 5' i ��� , . , . ,i��. � � ' � �.. ,�� . . ., if�;t,; � :.. . . . ' , , ' , • , r.� . . , ' . . ., . � ' ' � ' � . :i. .. � ' . � .. '•4i. .i' ' ' . ' ... ! r ' . � . . i ` . � � .. • ' - . :��ie � •.i '�. � i . . � , . .1 " . � . c " i� . , . , . ., : 1. . , 4� S.' ' � � .. . . . , . . �3 ' . . . . .. ' ' r r . � � � � �,. �i� ,'� ' ' � I � r . i .�. � � . . , .�f . . . ` _ . „ ' . ' . , . . . ; ' ' .. . � , . , . 1`.. ' .L< •s�i'. wi :z��'t.:.i"'�� ;� {.'�:1'.�j7r�•7., �"te�'F "r`��t� I ��' ' . � n � . ,.,�..,, '�'�, :�!"e:�•t. .:Y .�.'. f S -..5, n ..L. .i.t"`� �1 'a'•'. ..' �' �t. i . � �' , .i r i. � ,`�4� : �i^.'�i'` '.xti�'�}..< �s' �;, 't�i�til�'� ',i`rk:` � ,. ��:.ri',�. ;'i: � •.:) %��}N.� . , .°F.' � : �,it. 1 r, : :.`r'�i�• . - , i . . ' � � . , 'i: . . , '7• • . � , , , r. , � . - . , �' , � . ' . ' ' . .. . . . I ' ' , ' .. �' ', , . . , f ,., , . . , ' . • . v � . , o � . . � . � . e� . . , , i'� �1,. � ' ' ' ' ' , � � � • . � -• . . • � �ir � . � . . ' . ' , , . • , . ' . .. � . , . , . � ' .. . ��n�� 2 , ,. ` • 'r .. . '. . � . � . - , . � , � � . � ' '' . ' ' ��5� :, , ,, , , ,' , ,� RecnmmcnJntion iar Acceptuncc int� � P�nsian Ptun � . . ' � E�' " � . - ' . February 2i �• t 494 • ' � � � `. , ' , . .: � .. � ' Tcrencc' II, G�iggley; Recrention Asst. . , ' 'S12$165 8/8/89 � ' ° :1124,194* ` ' � ` ` ., �' Parks & Rcerention De��artmcnt . � . . � , � . ��`• : . *Emnloyee hirc:d. fresm permunent purt-time , . • � � ' � . . ` ��� ; ` ta � full-4ime permanent stutus. . Hire� datc � � ,� '. ' ' � �� .: ' . , � � . . ' ' reflccts � datc hircd as permanent " part-time. , � . �' , � �,� , � . ' ;'. ; . . . . � . � , . . , . � Ivliclsu�� W. Andcrson', Mcter Repuir Tech I� �4/29146 . � 217194 � 2/7194 : . PU�3I1G WACIC5IWA[CF , , ' . . � ' � . , . � . . . �3. . .. , ' . , , . , . , Valerie,ti Hornbeck, A�fnrinc �acility ' • � � � � � � � � �.� ` 3 Operatar, : IVlarit�e Depurtment l U/23/65 .' 5/9/B 7 1/10/94*. '•, �� � '_ , *Employee hired from . perm�nent, purt-ti�te ' ' ' ' � ' . ' . � , to full-lime . permunent statt�s: , Hire dute • ; , . • , , ' . ' ' ` � . ' reflects duie iiircci us. permAnent p�rt-time. � � � , . ' . � , := i : , . . , . . , . . ' , , ' ,• , : ' . . ' , �' ' ' . , . . ' , . • � � - � , � , . . � , � , . . � �., ' ' . � . � , . . ' . . `,. - . , • �� , `,� �. , , ,. . .. , . � , , , . , . . , , . . � . . � ... - � . � , �' .. . � �, . . . � . . . , . , . . E , ; .. ; � ,. , ; . , ' , . ' '• ' � ' - . • • . . • • . �.," �. � '.. ' � , - , • • , �, ' ' . L , , . , �, . , � •. � � . . , . • . > , � , � � . • � ; � . : ` . , ' . � � ' i . �• �, � . , , . �, . . � e � ' . . ..E ' ' . . � • •� . � . ; . . � , , � . . ___ _�. -����r�— __—_ _ _ — _ _—_ "'��� .' , " ;i� •� �� � . � Sub�ect: . ., .. . � � � ' TRUSTE�S OF TH� EMpLUYECS' PENSION �'UND Itom � Agend� Cau�r Memorandum Mooling Date: ��., PGIi51011 to bc Grantcd. RecammendatianlMation: . Willinm Tr�zllard, Heavy Equi�ment Operntor, Public 5ervice DiV1510T1, Public Works Departmcnt, bc gr�nte� a re�uiar pensian under Sectinn(s) 2.39fi of the Employces' Fension 4�lan �is reCanlmCitc�ed by t�c Pensinn Acivisory Cvmcnittec, [] and that the ap�ropriate officiafs be auihorized tn execute sama. ua..r�r�r�in�ui�i�i.ir.i _- .r � �� -'h� w �wwrw i�www^� w�ww^.� wrwwr��r� BACKGR�UND: Willium Trulls�rd, ��cavy Equipment O�erAtor, Pubfic Servicc Df�ision, Pi�blic ti� o r it s Depn�trnent, WiiS employed by the City on February 12, 1973, and began participatin� in the Pe�sion P�an on August 12, t973. His reiirement will be effectivc on .ianuary 2D, 599�, at the beginning of the day. Mr, Truilard's pcnsian was approved by the Pensiott Advisory Committce at its iiteetin� nf Febru�ry 2, 1994. Iiascd on un av�;rage salAry of" approximateiy �29,879 over tlie �ast Cive ye�rs , usid th� farmul� for compuiing regular �ensians, IVir. TrullRrd'� pensian wil� approximate $15,612 ar�nu�lly. Ci�arts from Finance which take into consider�tion �iaortality rates and a�e rc;flcct t ti � "present vulue cost of t'in�tncing" this pension �vill be upproximately $130,9q7. Nate: W��en Ntr, Truilard was originally eniployed, (}CA5iOt1 deductians wcrc riot taken far t h e first six months and e:mpinyces contributeci to Sociai Security. When cmployccs were given a n optinri to bUy brack thetr iirst six r�ionths of service, Mr. Tru71ar�1 cliase nol to excrcisc such optio�ti. Page Revicwcd by: i.egul NA Bucl�ct NA Aurctia:;ing _�p_ _ Risk Mgmt, N A CIS ACM `� Othcr NA �� � 4i1, Sui��nittcd by: Ci�v Mnn.i�;er t Clrl�i�uting Dept: Humnn Rcsou.�ces,r Uscr Dc�t.: Arlvcrtfsed: �ate: Pnper: � Not required Ati�cted partics ❑ Notif�ed � Nal rcquired ascs: � � �„a.�o� Total Current FY Fundin� Source; ❑ C�{�t, I���p. ❑ Operuting � Other Pentii�n ApArnpri�tian Codc: G4G�7�! 1Q-�3U! 00-585 C�mmission Acfion: ❑ Ap�srovec! ❑ Approved wlconditinns ❑ Ucnicd ❑ Continu�d to: Attacliments: Letter{sj ❑ Nane �' , � r . ' .. � , � . �. , - . • ' ; � � . . ' � , . .. , . . . . � ' • I ' .. . ' , . ` . .. , . ' , • ' ' ' , . ,. �• , ' - • ' � , .' � � . ' � � , � , � , ..+ � , . , . ' .� F ' r. ' ' ' , ". � � ' . .� .' ' . , " ' ' ; . �,i'' I 1 1F' ,. . ^ . ' ' ', . . ' � , � � • ' . ; ' , ' � ' ., . ' ' ' ' . � . .. • �1 . 4 � . »� . : 1 ' � � 1 t.. � • •I! ' � , ` .•, ' I1 , 1� , . � . � +� . � . ', = rrj :t.� � 3P:t�,E;i' � � �t'?4; :ti:a, . ,�_ � ,. ` . ` .i . . �- - ' . , r , . ' ' . . A1..i�`�!'3 , t�:t., �,,:!"�.f�...,-='f'::. ..r.,s.:}.:..s :, ...1 , .. . .. . ' ��. ii•', s. ,a . , � , ... . .t. .. , .�.� , . .r , . � , o .. , .. .. t• . . . � � ' � . 0 Numan Roaourrei peparlmonl 462�5876 � , . . C I T X O F C L E' A R, W A'7t' E R � POST O��IC� 8UX �746 CLEANWAT�R, �E.O�IUA 34818-A748 ` 'lU � , Horiurabte Muyor and Membcrs af the City Comrrtissivr� as Trustees of i�e , Employees' �ension . PIAn � ' � FROM: Per�sior� Advisory Committec COPIES: Debbie B��lr,y, Payroll Scrvices Manager � , Employee's Filc ' SUB3ECT; Regular Pension---iVillinm R. Trullard � � � � � DA'IE: , February 2, 1)94 � Thc Pension Advisory Committee received <�n applicatinn for regulnr pensinn frorn Willis►m R. Trullard on Junuary �9, �994. . � � r'C b . Mr. Trullard wus emplo b the City on ��t i2, 1973, anci has hec:n a�articipant in thc Pension �'lan since �1��� Thc: �mo�nt af Mr. Trullurd's pension wili be cvmputed by the Finnnce Dep�rtment at SLiCh time as his last five years of service and sal<<ry can b c calculated. By moiisam m�de ;�nd duly c�rried at its meeting of February 2, 1994, thc Pensinn Ad�isory Comr��ittee a�prnved/recommended a re��lar �C�151pi3 based on years of service for Willia�n R. TrullRrd in accardance witii 5eclion 2.395 af the City Cade, This pension wil� b e effective on ]�nuary 20, 1994, nt the bc�innin� ot' the d��y. I itereby certify that the Pensian Advisary Committee , has uppravcd the srantin� o#' a regulnr retirement Pension for Wil�iam R. Trullard and the abavc dates are cc�rreck. � �� �; Chairman, Pension Adviso Committee � ' . ��� � • � "Equal �mp�oymani �nd Aliirmallve Aclion Employnr" . .1 ' . � . . . • . , � � � . . � � � � ' d. ' ' . ' ' � r • � � • il � • _ . . • i� .. v ' , i ' Y' • i . .i ' � r . '�.,,r:r. ��. . .. '�` ' i . . ,. 4. , _, . . � . .. . . � . . .,. � . � � . � . ,, , • • . . � • . . , .. � . � , , , � . � , . , PENSi(iN REQUES"� FORM �� � � . . I� � Wi13,f.am R. , Trullard ` ' � do �ercby apply for tetircmcnc ,� � fmm the City of Clcarwatcr Gcnera� Emgloyces' Pension Plan. , My ber�e#its� date is �'� gt �� 2�73 (Entrp date ic�tn pe�sioQ plan} �, My date of hir� is F�"='�ary ��.2, �97� ' . My b�rthd�y is septeinbex 24,� �.934 � ' .MY 3ob c3�ssific3tzott is Heavy Equi.pmen� Oo�rator a�ad I work . . , ' La tizc �u,k�l.ic rrTOZ'ks Aepartme�t. �Pub].ic service Divtsion. � . M y . resign�iion dat� is ��►uary i9 � 1494 , at end o� day Thc type �E �easion far which I am �appiying is (chccSc aaiy oac); X Regular Ptns€aa based an ycats ai servicc , - �. , 1ob-caoaested Aisabiiit� �'cnsio� . . `lan-job•coaaccted DsS�bilitr P�nsion ' 'My spousc'S aame is; Louise W. � '. , Deptndeut childr�� under the age oi 18 aad residing ia oir � househaid are: , (i'ti.ac Chi1d'i Fufl Name) (C�ild's Da[c flF Sirrh) i herehy certify a�l oi che ,above to be crue aad carrect: . vV � , {5ignature) ' January �9, 1394 � � • � ���_ � (Date} i � < < � � (Nocary Public) . � , . �07ARY PU�IIE 5TAr Cr FLORID� ' � . - D�'��Q iH���GEliERAt It�S.�UHD�� � ' � �' �� � . . � , , � ' , , , . . , � i � r . . : � . . . . � , � . , ' � ' . . . , . . � . ' . • . ' � . � . . � ' . ' � • . ' .� , � , � ! • , . ; � '. . ' : � . ' � . . ' . ' • ' . . ' .. . s r ♦ � s .. , . i . . - . � . � . . e , . .. . F . !�. ,`.r ' . . l .. . , ' . . . . ! ' / • i� � ' ' ' � - . . . ' � � �, ,, ,, . CITY OF CLE�,R�Y�TER � . . . � �� � GENERAL EMPLOYEES' PENSiON PLdN .. , , ' � 4PTiQN5 - GEY�R.A.L E1�iPL0YEES � ' 'i� �. � . � . � � � ' � . I .� OPT�4N. �3.: � Empiayces c3a re�ci�•c a fumQ � sum �aym�at far ' , �. vaCatiqa and holiday pay �nd Ll2 vf �c�rued sic4c ieave , � . , � ac t�c timc of scpazauau f'raan thc Ci�y, Thcre v�rill bc ao , .�' ' �� 82o deducti�n for pensian from this lump sum paymcat � . nor wili chis amnunc counc as earain�s in , the � • , � caiculat'son o� thc pension. Tfte fast ciay oz worl� will be ' ` ' the tcrminacip�x date a�ad pcnsiou bcncfits wiil begiQ � � � ' , . � , tl�c fpllawing d�y. , .. . ' QPTIO� f: �^:ai�vec. ��;: ::,te:.�+ .�:.;tinatio� �::Ztt �V ►f1� t;�� .:uc � (Qnly avaiiable: �a ;or �acacian. i4�idsv ��;,, �na :r' ot �c�rs4� ;tc:; �e�vr. . �empinyee5 • hired i�:r,tiination �zt� �xi�! �e :,�� �in�i ���y ot �xc�ad�� :ir.:c, � prlar co . i�Itlt�O) c��:tsion .�cac:ics ;��f� bc;sn chc ialiowin; c#sy. ' ' ., ' � . r a r R r a� r. w r w. r. w. w s r■ r w. , , . Wi��iam R. Trullard • � ' ' i. . � , zn =;aoiovc� ot the' Cit;r ot .. Clearwa�cr, hercby . apply i4r pension bcnefit� undcr tuc Generai �mploy�cS' � Pcasion ptan. � [�acreay c�rufy �tt��c t iuiiy unQ�:sc�nd cice c�.ra opcioa5 oife:ea �o � c, t:.�aose t� fC�2IC using �p�ion = � »nd ���isa �y benciics �o �e CZ�C1�3�G� under - � �htS o�[i0n. [ undcrstan,d tha.� oncc Ehis form is si�ned, iny dcctsioa is irrcvoc�.�le. , E�1+IPLQ�YEE'S SIG�ATURE� ".��•�G°�'�7 � � � SOCLaL SECURiTY �: 377-32�-2604 . � r�DDRESS' _ �620 • F�in}aow Dzive � , � �., 7`�� ci�a.�a��r, Fr� 34615-�a3a � i � � . � DATE` _ January 19,' i994 . _ ' i . . , , , . �i • r ��� �� • , . .. ... . � �� � �°M' � . ! t • �� � � � ', . . t � � � • TRUST�ES Oi� THE �MPI�DYEES' PENSION FUND -�'= ` . A�en@a Coaer Memora�dc�m ,} ■ Item # � Meetlr�g Date: 2L2 819 4,.� Subject: ' Fension ta bc G�anted.� � ���uri�u�mrr�i �r� �uwi..^���nnuu uuu� - -�------ ,r—��� Recommendat�onlMation: 1�Vi1lium E. Kraeger, Firc Lieutcriant, �ire Aepartmet�t, hc granteci a rcgula�r pension undcr 5ection(s) 2.396 af the Emp�oyees' Pension f'(an as recommended by the Pension Acivisory Cornmittec. � and th�t #he ap�aropriate afiiciais be authorized to execute same. �...� W�Iliam E. Krnc�er, Fire Lieutenant, Fire De�artment, was employcd by t�c City o n � 3�nuary 17, 1972, and begun participating in the Pension Plan on that dace. Hss recirement wiil be effective on February �7, 1994, at the be�;inning of the duy, Mr. Krfle�;er's pensian was appraved by the Pensian Advisory Committee nt its meeti�g vf F�bruary � 2, 1994. B�sed on an average s�iary of ap�raxirnately $43,203 over the �ast fi�c y�ars �n� the t'ormul:� for r,omputing regular pensivns, Mr. Kroeger's pension wiIl �pproximate $23,76t annu�lly. Cl�arts from Fin�r�ce which tuk� inta consideratiori rnortaIity rates :;nd :�ge refl�ct t h c; "presc�t v�iue cQSt' oF Financirt�" rhis �ensian wi1} be �pproximately $2��,UDS. Page Itevie�ved by: 1_egol ____�B, }3udget NA I'urchasiitig �[0 RisA Mgmt. NA CiS �CM , `�; � iZ. Otiticr NA Subsn[ited f�y: Ci r 0 OriginAtin� Dcpt�ost.s; �244.t�Ufi � �o�nmissiE�n Actian: �Iuman Resources Tot�2 ❑ � Appraved ❑ Approved w/conditinns Uscr Dept.: Currcnl CY ❑ Denieci ❑ Cantinucd ta: Advcrtised: Date: Paper: � Npt required Affected parties ❑ Notified � Nat rcquired �undin�; 5nurce: ❑ Ctt�rt. Irsip. ❑ Operating � Othcr Pensj�pn Ap�roprintian Code: ��;o�a io-sa�iao-ss,� Attachments: Lettcr(s) ❑ None • . � ' .'�'o' ' ., i. . ,. :�' . , � - . ' ' . �, ' ' . . • . , �. =z..i . ' �. , "� ' . .' . . , : , . � . 1 • t ; , ' ' ,� ;� ' ' , °... , • . .. . � , „ 1 • . , ' .� . . j. .k� • "'r ' �� •;[ ' ' � `. . � � ' � ; . . ' � .� ` , . . . • ' ' ' , • • � , !. '• ,i . 1. . , ' _ '��3� ' 1 . " . , I ' ' i . ' � '' � ` , � + . .. ' .� i . ' . ' � . . � � . ' ' . • • � , . i .. � . . .. � " . � . . , � • � � , . i .a•F�iPf :'rfir r... . .. ., -.r. . .� . , ,.rw» � .r,1"i '}.� .. .•� �i1:.. � • . . • , ' ' e. r �. � sl. , , . . r . „ � . � � , i � - ' . . - . � . . ' , ' .. ' . � ' � ' � . . • ' 1 • � � � � ' � � 1 ' � . � F1If�!!lD1fIP1��4 ' , ' ' , . `�,,��c��.�l.�,����;' , • � • , ,, ,��., ,,�, ��� . +C I T X O F; C• L E�A R W.A. T E R , � , 'r+ 7 '+ ; , , . � , tR�7 .:.. .,,_ w � . ; , �,�,�� J ,��, � PDST OFFIC� H07S 47�8 � ��.�� �=� ��'Cj���' ' ; CL�ARWATEH, �LORInA 348,18•4748 � . _'�r��• fr . , , . . +�'� iririr� Human Fiasourc.a� pnpanmRnl � , � . 482-8870 � ' �� Hanarable Maynr and Membe�s nf the City Comrryission as TrUStees of the �. ' Employees' Pension Plan . . FROM: Pensiun Advisory Comrnittee COPIE5: Debbie Bailey,` Payro!! 5erv'sces Manages � � , � E�nptoyee's Fiie � , , . SUBJECT: Regu[�r Pen,inn---William E, Krocger ' . , DA'IE: Fcbrnary 2, 1994 ' . The FCR514F1 Advisory Committee received �tn applica�tion for r�gular pension from � William �. Krocaer on January l9, 1994. , � • Mr. Kroegcr was emp2oyed by the City on January i7, 1972, Afia hS5 been a Participunt in the Pensian PZan , since that date, The lmount af �`,�r. Kroeger's pension wiil be camputed by the Finance Dep�rt���nt at su�h time as his .�ast fivc ycars of service and salary cari be c�lcuSatsd. � ' By motion, made a�d duly carried nt its meeting of February 2, I994, the Pc�sion Advisory Cocnmittce npproved/recomr�lended a rcgular �ension bascd on years of service Far �Viiiin� E. Kroeger i�r accardance with Scction �.396 ot the City Cod�. This pension will be effective on Fcbruary l7. 1994, at the beginning of tt�e day. I hercby certify that the Pension Advisory Committee has approved thc gra�ting o�' a regular retirement pension for Willium E. Krocger and the �bove dates are carrect, . �� ' � ��0-� Chnirrt�an, Pension Advi. ory Committee , �ir1�'j� , . , "Equal Er�ploymenl and A!}irmative Aclion Emplayor" � „�`:tt'. k' ' . . ' � ' • ' ' � IL � � l . � • i ' . , , ' , ' • , , ' ' + � . ' �1� � . . � . . � • � � .. � . . I � . . . , ' . � , • . . ' - • .. ' , ' � . '4 ' , . ' 4 ' � . ' ' . ri , � . , ,• � � � • � ' ' � � ' � � . � i . ' ' ' � , ' . ;» ,.. . . '�. ' �1,:1." � ..: . ... . ,`,�, ' . . .s�t. �e,.. � . . . • . .. , •. , i . , . ,. . . . . ,� . . � ' � 1 . . , . ' ' " � . ' � PEHSTON REQU�ST��ORM • � . � , . � ' � W�.i:I.atam E. tCxoeg�r � � • . .. � : t. do �crcby apply %r ratiremcmt , „ ,� , from thc , City of Clcarwatcr Gc�cral Employees' P�asina PSan. � . My b�ii�fits d�Ee u January ,17, 1g72 (Entr date inta � . . y � pt�siun plan�) .. My a��e of hire �s January 17, �9i2' � � � � My birthday is necem5ez 22, �945 , � . �'. MY J�� ciassific�tion is Fire I,zeutenan� a�d [ work ia �ha F'`�� Department. Divisian. . M y r�sigr�ation date is ��"�"�'�' �'�, �g�� • a� �nd o;� aay . �' "�� The type vf peusion far wluch � am applyiag is (chccic aniy one}: � x Reguiar Pensiau ba�ed on years of scrvice • ; � . ,Ioh-coanected Disa�ilitr Pensian � `1an-job-coanected Di5�bilit� Pensiao � ' My spause's na�¢e is: �,,..?a��P1��....,^_ _ � _ ,,..� �., .... ,� . � Dapendent c�eldrea �sader t�ae at�c o( 18 �nd residi�g in my 4oustho�d are: , � Cory October �9, 1976 (Priut C�zl�'s FuII Name� �(Child's Dace af Hirrh) � � Linc�say .�larch 20, i9B0 • I�ertby canify aiI of the a�ove cn be true and co�re�L , � . ' � I . � . (Sig�atvte) . January 19� �99�k ..�/ (Date) -- - — . . �t. /J . . , � (Nocary Pu61ic} '�OT��Y DI!L�L?C S?ATE CF �t�l�InA � . :SY �G::1I51iu�1 =:ir ��?T.'c�� i593 k+�?��EO T�iPll. Gcf��ERAi. It1S. tJ�ff� • • ! ' � , ��� ' ` . + • � n , ., : ,,' � , ' . , � '. �� . . � • . . , , . . . , � , , � , , ..� �, ��.. ' ,. . ,�. ° : ' ` , ' ' . , '., ' � ° . �� . , :�-� . rr=''. ., ..,.,. , ��,.� .,. ..� .. ; , . ..., ,..' ' ` • . .� ' . `. ,` , . �� � - _... . . � , - , ., . , : •� � � , . � , , , , � � , .. . CSTY OF CLE�RI�Y�TER ; � . � � �. , � � . GEN�RAL E,tiIPLUYEES' PEN5i0N PL�►N. - � � . ��,�,� � �� � OP'I'IQNS - .FIREFIGHT�RS ' � , � . .� UPTTON nZ�; • � �mployces ean rcccive a lump , sum paymcnt for �; '. ' �, � � vacatian aad �oliday pay and �12 of accrued sicic leave ,� � . ac the cime. o£ separation from nc� City. Therc �will be t�a • I . ' '. S�o deductian for �cnsion t'raru this lump sum paymenc ' �, nor wiil �this amo�nt co�nt �s' e3raings ia tkc � . calculatian , of �he gension. The ias[ dny of work will be ' . � the . tcrmiztation date and qcnsion bcnGfits will be;in � � • � � : � che fnllawin; day. � • � . QPTIQ�! =?: Em�loye� ��n cxce�d :�;rnin�tiort cfate bti thc ti�e ciue . , � lUaly .s�•sii;tbte to �ar �:ac:tior�. �c�lidsv �;�ti�, ;�nci ?�'' o[ acc:ue� si�; i�aye. � � � �m�foyee� hired •�I'�rmination .��tc �.viil 5e :hL tinal ciay fli cxte�deti tim�. • � . . prior , tn tOlii3�} Pcnsion beneiits �.vif1 oc�in� [h� �ollawin�_ �av. . , � � .........,.,._:,��.,.,..... �. •�William �. cCxoeger �� ,;;noia��e� >>t : +e Cit�• uI Cle�rwa�cr. I��reay zopiy tor �ensian aeneiits ur�d�r t?�c G�n�r�t Errcpiovc�s' Pectsion Pl.�n. . � C iterebvi cer�ify �hat I fully underst�nd the cwo options offcre�f to m�. I choas� � , • ta retirc usi�� Option � 1 ancf wish �y . bcnctits ta �c caicul�tcd und�r �his ap�ion. . i understa.nd cha�t oncc this form is si�ncd, my decision is irrevocable. �?�C.�YEE'.� SIGNATLTftE: _ /.l1��,. ,� 7�iL�.¢.��._..,� � SOCI�I,. SECURiTY �:� '92 :ao�2���_ -_— � — .1 �DDRESS: _ �68 G].engaxy r,ane � Q� Palin �axbox, FL 34683 i� - ...- _ - . .., .. _- ..._ ' . � ��f DATE: „� _ �anuary 19, �1994 � I��t ' � � . � ' ' . i h , rli � � � `� I ,E�� . TfiUSTEES O� THE EMPLOYEES' pENSION FUND Ag�nda Co�ef Memorandum ' Item � Meelinfl Date: ?12�(.�.4 S�sbJect: . Aension ta bc C�ranted. AecommendatianlMntion: Jost�ua �nd Heatf�cr Thurston, minor children af Dennis Thurston, Wnter Divisian, Pub�ic Works DcpartRtcnt (c�eccased), bc gr7nted � survivor's pension �nder Section(s) 2.398 nnd/or 2/399 of thc rm�iaycc5' PCf1510R P�AII �s recomrr�endecl� by the Pension Advisory Cammiitee. ,❑ and that ihe approprfate offfcfais b� authorized to execute samo. � BACK.GROUND: Dennis Thurston, Water DistributioR Servicc Workcr II, Water n�v�sion, Public Works Deps�rtmenl, was employed by the City on Au�uSt 8, 19g3, and beg�n pariiciputir�� in the Pension Plan on that date. He passed away an llecember 18, i993. Dennis Thurston is survived hy two children, Joshua, a�;c IQ, and Hcathcr, agc 17. Dcbrn Thurstan, mother of Jashua, tias appiicd for bencfits on his behalf. A le�al opinion fr�m thc A5515►ant City Attorney pravides that these children are entitled to t}}esc ben�fits until thcy rench ugc 18. NSr. Lance's 1egAF o��inion was stated as fallows: It up�car5 that Dennis Thurston is deccascd sind has Icft two children A5 best s�s cun be asccrtained. Thcy �re entitlec� tn survivor'S bencfitti ;is providec� by the City of Clearwatcr's Pension Plan. Jashua's mother has n�plicd for benefits on liis bciialf. Heather's m�thcr has nat, hut applicatian is ��tnticips�ted. Thes� benefits arc to be clividcd equally b�tween the childre� until He�itlicr reaches 18. AFtcr Hc�►th�r reachc4 18, JaShua wil! b u eligiblc for l�0°la of the b�nefits until fivc year5 from t��e ciate of Mr, Tltiurston's deuth 1Yave eiapsed. At that time, the benefits �vill bc cut in half as �ravidcd by thc Yension Alan �u�d ]oshua wil� receivc S0�'o until he reaches age 18. The pension should bc paic� tn thasc persans who h a v e follawed alt leg�l procednres to be appointcd gu�rdians af the t�va cliildren, Joshua ancJ Hcathcr. Ed �i�aper made tl�is :�s �tn official rizc�tian �incf cmphasized tl�at t�ze Committee is ap�ra�ring t h e pcnsion for the minor chi�dre� but na disbursemcnts will be made t�ntil c�il legal rcc�uiremeiits ¢�re met. The motion was cluly seconded by Fred Starrin�er and cac•ricd unanimously. P:tgc Rcvictived by: ��;�;F�� Nn Iiud�ct NA Purciiusii�� _�.p,__ Risk Mgmt. �B C[S ACM Other NA t;''�. ��� 5tthmittnd hy: Citv Mztnu Ori�innttng Dept: Hun�an Rcsoury�,,e `f�}� User Dept.: Acivertised: nF�c�: Pnper: � Not requircd Affectcd purties ❑ Notified � Not requir4cl asts: gfj��„� Tot:�l ❑ Current f�Y ❑ ❑ Fundin�; Sourcc: ❑ Capt. irnp. ❑ Operncing � Other �cnsicZ� Apprnpri��tiun Codc: '� -0 S85 Cotnmissinn Action: ���rs}���i Apprnved w/canclitinns Dcnicd Cantinuccl to:_ r�tiachments: [.clter(s) ❑ Nonc �..j..! a:2. . .� , ' � � � . .. � � .. . ' . t���! " , � . . . . �. s �', �`j, i,1�''1:is . . . . ' . � ' � . . • . . . . � 4� .51 . . . . •t. �.` l�',li..l i. .� ' i� ,• ' , � ' •1 ' . ' , , r ' . ' , , ' � • ' ' . .� ', r ; , ' 'I ; .� �� .. . .� , � � . . . I • , . '' ' . . , ` I� • • 1•'[{, . .� . -' S ' ' �� , � . s r .i' � ' � � ' � � ' ' • • , . ' . , . .! , t . . . . ` . . . t . . � . . . . . � .. . . . , . i � . �� . , 1 . . , . I `,,J'1 e ..!? � ' �.1,; , .' ... .' . . ' �P��', • , • s� . .� .� � r ' • ' . . , � I . '� • � ' . . � ' . . , , � .. � � .. 'S.. " •114' �. , ' f' ' ; , .1�. ' . � < S f �5; ' , , j . � ' . . . � ' . . i . � .. . ' . . ��!' . . . '3" ' . . . ... , . ' � . � . . � ' ' ' � ' 1. 't. �`4.l� .�' . . .1` . .�,� �. . s , � ' ' . ` . 1 ' .. .'`� � 't . .i;' ' " . . . . � � . � •' ' �Z� • ' '��" . . , ' s ... ' . �• ' , .. . ' •. � . . ' � : . . . •. ,. . , . � � . �l. : 1 . y � � � �. 7„_ i F J��� t � :. � � •r . t ' . . �' . . � ' ... ' ' . . ��r-'.;}.`r:'� s'*!� �!,1�.1a'�t,ai( .��;��."��:i�"' .1R.f'r'���t;i${'T K-��.h.;i%W�S'hi. �4'�.F..a��. ��' �l.:' 'f'l: If �.,�t�f, .�. � � � �,��Ys 1'.i"•�.:�::r;..:�5 . ..��tl`. ,...'�: .��.�L.f�t'`..i<. 1,� � � . , . . � .. �. . . .. -'a.., r'r:: . •�t.' : t'• �,(^-�l t?'�f}�} � •r• 'r . (,'�' �6; •,h4. ;f..,.(s'1 . t�: ��; i.. 1 � ,.� � : t ��'.' , .. , : i, � ��4V�� . ' • . ' . , �4 ' ' � . � , � �. . , _, . . . `r . .. . .1 � � ' . . ' , rr ' ' .. . 1 � �. . „ � �•(` ,. . ' .�. ' '. � ' ,� '.� ' . � '� . , . � • , � . . '. , S',� + . , � ; ; .. 1 , , ` ' � ' ` ' , . ; � . . ' • 'Agendt� � ltem--Dennis Thurston , : ' � ' . . � . . • � . ;;; ' . Pn�c 2 . . � ' . . � , . . . . . . f „ , , . . . . , . , E Febr�uty �8, � 9��4 . . , ; � . - . � . � . ' � � ,�; � . � . . � . � � . ` : � . � � ' ,, ,. . 5� , ,i . , , . . , , , ,. "� Benefits '�syable to loshua �tid Hent�er � Thurston urc based on the farmul� for a non-job- � . cannected disui�ility pensian . for �� Dennis • ThUrston, i.e. yeurs of service timcs 2 112 r�i times � the ,� s�verage, sals�ry for- the last five ycars. ' Dennis Tt�urston had 1{1.3 �years of service. ' . The �}EI1510C� FOC Joshua and He�thcr Thurstan , wAS .�pproved by the PAC ut its . mceting o n � February� 2, ,1994. Based on an uveragc s�lAry of approximately $23,47� . over the past five years �nd , . the ' fc�rmultt for comp�ting non-job-connected ' disability pensians, this pensinn will upprnximate ', $6,044�.annually. Cl��trts from �Financ� which tnke into considerution 'rnortality rutes and age �, reflect t�e "I}F45CRi Vil]l38 cost ' of finAncing'` this pension. wiii- be aQproxi�nately $54,b71.. ' <;,� ' . . , . .. . . , . . . . - , ° ' ' . , : . �- , . . • � � '. . � � � � � � " � ' , � � � .� , .> . , �,. : . � �. � ' . ;.' . . , , . . , . ,. . , • , < ' � � � .. , . . . . � , � , , . � • , . , . . , , , �' : . ,�. , . • . , . . ' ; '. , „ . . . . I• � . . . ' .` . . . . : - , , . , , . � - � � , , �• ... . . . , ,. . , � . �.}�,;s.= .`' s.�. ! ' 1 . , ' . , . . �. . . � . ', � � . . . . � . � , ' , . . . , 's � t - .� , � , • � ' . " ' ' � , . . . . . , i, � , . � ' � . . . ' . � , � ' j ' � ' � • , • � � � . ' . i^ . �tr , o; , t.�, ' . . . �r .. ' . + , � ... : � . ,. .� ' !� �I ., r .. � • .. . . . i �. . . 3 . . ' , � .. .. , , � . . � ' ' , , � .� ,. . .. . • . 1. ' . , . _ , . � � . ' 'i� � '.,1 ' .'I . , � � i� ' . . ' ' 1 . . . � . . . . . � r . ' . . . � . . ' . . I�I.a .1 ' ' l'; ` . . . �, . • ,', ',r. '. . .. • '. � � S , . ' . . ` , . , � ' . 1 , ' . � . • . � .' if>��FyY:.F�k:• ii.li:`t'i ,el� ' .. . i. .> '� ' . . ' � . . � ' � ' , �i�'r�y�n�t'5��.�� . .. .Ii.� ., ,9t,. �i ;��.?:�t'�i''fr�°i:s��."',rir:i. .�i«.i... �.. . . . , �.. . ^ .. ' ' �•' .. .. • . . ;ir.i,' , •.i,. � ,� '� . '�iF ... ,���+�. ' °' . .. � . , ' �I�f'`���i.Otipt�,. • . 1Ati� �� . ���j� +��. 3 4 t.�Y .'.. �+ � � � L� ::C...l_ �ti'. �1* , �� 4 � � 5 , =�.,�y��- � �q�1,1ti F : � �C���r���� � +ri�Nll�f � � Num�n Resoura�� p�penm�n! 4fi22•6B7U � • TC} . FR.OIvi: . � . COPIES; . � SUBJECT: UA'I'E: ti �,. . : � I T Y Cl F C L E A R iN' A� T E R POST OFFfCE 80X �i748 CLEARWATEFi, FLORII]A 34618•474� Honarnbtc Mayar and Mem6ers oi' thc City Cammission as Trustces of tfic Emplayees' Pe�tision Plan . � Pension Advisory Cammitt�e � Debbic Bniley,. �'ayroll Services Mui�ager � Emplayee's File � , Pension fnr Jast�ua and .I-Ieather .Thurston�—Children of l�ennis � W. Thurston February 2, 1994 � � ]oshua and iieather Thurston, childreri of D�nr�is W. Thurston, have k�ecn dctermined by lhc Pension Advisnry Committee to �ne�c �t�i� rec�uircments of the per�sion Pia►n #'or a survivar's pension based on the followint;: Dennis W. Thurstnn was (1) employcd hy the City o n Aug�st 8, I9$3; (2) bGg:�n participating ii� the �ension �'lsn on th�t dnte; and (3) passcd uw.�y or� December i �, 1993. , P,y R�ocion rr:ade uncl duly c�rried at its meetiri� of Februnry 2, 199�, thc 1'entiion Advisory Committ�e approvcct ttic survivor's pcnsion for loshua and Hcather T}iurston in accordarice witts �rovisiotis af Scctio� 2.4U7 nf' the City C:o�lc. This pensio►� #ti to �e e!'Fcctivc December l9, 1993. The amuUnt aF the pcns'son �vili be c�lculated by thc Finance D�partment according lo thc tbrrflu[a in tiic Pensian Plan. , [ hercby certit'y thnt the Pcrttiion Advisory Cornmittec Ilus upprovecl t}�c br;lntin� at' a survivor's pensian to Joshuu and Hcather Thurston, children o�' Dcnnis W. Tl�urston, and the abavc datcs �rc carrect. � �" . � Cliairmun, 1'cnsion b �'�isory Coinrnittec ���• ' "Equal Empinymont And Ail�rmativo Aclian Employvr" •���� . . ,.1 .. .,, , , • �. � � ••� , � � ` . � , � � ,, , � . .. . � . � , , .' : '� , ' � ,. ' � ; ' . . E, , 1 ,S � � , ' �.( . � • �, . , ' .. � . 1 . . . • . ' .. , t • . + . I. y+,d:!r;,"ilh,'�' ... �ss. 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' .. . . . , • ' �� � , . . �'� � ' S�a�e of Floxida °� The foregoing instrument was aciknow�.�dged be£o�� me �h,�.s ', . . , . - ��•.. : ,� . � ...� . ; �; Coutlty af Pir►e11as ',� 27th 'day of January, 1.994, by��� �.����_, ' , , , � � . . ' ' �. . .��who is p�rsonally known to �ma ox wt�o has praduced � . � '';` ' • . � ; ! , . • ; . . . , - . - `�lpa,�'l ��i' J'�����CO• Uf.l..e�G as ceztificatian and who � E. , did nat �ake an oath. . , . ' � .. �`,��„ �. � , � � ' . �1 � ' � n , C C OSd�3i .�;,.� . ` ' - • �. . � , , . ti�` Natary Pub�ic, Commiss#.on No. � � . . � � . . , . • . . . ti�'tI.RY F�1��-IC STATE OF F1.f�xFr+* „ ;� , . � . . . � � � , � . ' {IY C�d55IGN ExP 5EP7.2�,i99A . � , • . , ` �et;c�0 Tf4Rk1. f�t�Rl1L If�S.. tlti0 � � � � ' " • . ' . ' Madra �. Matthews (Na�e v� Notazy) � . . � . . . . , . . , , . . . . �,, • �-_i _ . . , . . . , . ,f � • � THIS CERTTFICATE � •. ' , �'/ •• � f ' .. �� � ' MiIST SE ATTACHE� , ' Title, or Type o� Doctunent ��.� f � � � .�, TQ THE' DQCUMENT' � ' Nwnber af Pages �� Date oE Dacttmen� � DESCR�BED'AT R�GHT:�. . , . , , ' -Si.c�ner(s} Oth�r than Nasn�d Abov�' � � : �, •. .. • 4' - , � ' � � .. , • . � ' � , � , . ' , ' , . ' ' � " r 1 , � . � , . ` , ' • . , ' .. ', , . , �. . . . . ' , s . � , .. . . , , , , . , . 1 , !�I[' � . ' t � f � . , .� � t� `� . ' r, .. . , , TitU�TEE� 0�' TH� iMPLOYEES PENSiON �'L�N Agcnda Cover Memozartdum I t eat � Honting Dnte: � �. � aalq B�JD�ECT: AmendmEnt of contract.wi�h The First Nat3.ona� Bank of Denver �or equity �.nvestment management � ' REC�M,�+iENDATION/MOTION: Approve th� request of D�nver �nvestmen� Advisors ta formally acknowledge and make part of tk�eir original agre�ment, the a�tached statements re�ated ta ER�SA (Employee Retirement Zncom� Secur�.ty Act) and ' assignment of thei.r contract �. and that Lh� appropriat� afficials be authorized ta enecute sr�me. �BAc�caROUxn: On Ju�y 1, �982 �he Trustees of the E�nployee�' Pens�,on P3,an enterec� �,nto an agreem�nt with The Fir�t Nata�anal Bank o� Denver to manage a porticn of the equity invsstments o� the Employees� Pension Plan. SuUsequently thxs organization changed its name to �ntrawest Sank o� D�nver and th�n First Int�rstate Bank of�Denver. �n �7une ot �.98� Denver Investment Advisars,.Zna. received a�proval �rom the Camptrollez oi th.e Currency.ta incorporate as a wholly-owned subszda.ary of First'Ynterstate SanY, of D�nver. Fi.Y As a resul.t oE a review o� the contrac�s maintained by this organization, Denv�r inv�stment Advisor� has asked that we acknowledge the statements as �Zisted on .the attached, and that these statements be made a part of their origina]. agreement. �'he approva]. of these amendments wa.�.l acknowledge Denv�r Investment Advisors as Investment tQanager and prevent them from further assigning this contract without prior approva� af the Trustees �or the Employees' Pension Plan. . Revicwed by: Ori9inating Dcpt: Costs: x M A Coamission Aetian: , l.egal DOAS/F'n e Totol p q��p��d Budget ,_ NLA _____ �y� � Approvcd w/conditions Purchosin9 ��A s N�p ❑ Denietf Risk Mgmt. � HLA llser Dcpt: Current Fiscal Yr. C15 T_ N(A � Contirwcd to: ACM "���('L- _ F�nd'snr� Source: Other O Cnpital Imp. �►dvertised: � Opernting Attachments: OAte: � Other stptcrrient� related to ERISA �� pa�cr: r�nd nssigrment of the � ❑ Not Requircd rontract Subaitted 5ry: Affected Pnrtics � !lotified �ppropriatior� Codc: City Hnnoger ❑ Not Required 0 Nane � � � ', � � � � . �, � ,�: � � . . • ' :: - - ' . � ' �„ . ,� . . ,. . , .. • � . . . � �'f: � .� . � . , • � :i- , . . . , • . � . . ' . ' r . ' ' , ' .. , ^ , . ' � ' .,� �- ' � • . . � °�� . . �t' � . , �. _ � .• ,, . . ' . ., , � ' . . .. � . . � .. � . . . . . . J1[ll1aL'�► 1 �, 1�� . � . Dr. Daniel J. D�ignan, CPA � ' . Finan'r,� Director and City Treasurer = . � CITY QF CLEA.RWATE�, FL(3RIDA ' � . 1 i2 S. �s�eola Street �. � ' . � P. O. Box 4748 � . . CIearwater, Fiorida 33538-4?48 � � - Re: City of Clearwater, Flvrida Employee P�nsian Plan .� D�ar.Dan: As yau are aware, Des�ver Investment Advtsors, Lic. re�eived appro�ai from the Comptroll�r af the currency in June of 1984 and was incor�orated in� July of 1984 as a whally-owned subsidiary of First Interstate Bank of Denver. D�n�er Investment Advisars is managing assets far the City of Clearwater Fiorida Employee Pension Pl� under the investment Man�gemeni Agreement dat�d July 1, 1982, betweert your organization and First Fnterstate Bartk oi D�n�er (fotmerly known as IntraWest Sank of Den�er, and First National.Bank of Denv�r). Denver i�vestment Advxso�s as a wholly-owned subsidiary of First Interstate Bank of Denvex has acknowl�clged in the July 1, 1982 Investm�nt Management Agreement under Section 6- Fiduciary and .Other Responsibilities khat it is an investmer�t manager as defrnsd in Se�tinn 3(38} vf ER�SA and, as requiresl ther�under, represents that ic is bank as defined ur�der dte Investmer�t Advisors Act of 1940 and that it will maintain such status during th� terms of t�� agreement: � As a r�sult of a recent reviery af the I�vestment Management Agreement dated J'uly 1,, i982, Denver Investment Advisors would like to formally acknowledge two statements by both parti�s of th� original agreement and to ha�e thcsc statements made part of the July 1, 1982 ag�eement. The statsments an the following page were not reflected in entirety in the agreement of ]uly 1, 19$2. � , ., , � , � , - , • ' ' ' 4 �..�.,..� , , J� . ' . . , � � . . �v,t�r:��.k�f�i�i. �1''' . . ... , . . . � ., .,, . . , , . , �. .. � . , Dr. Daniel J, De.ignari, CPA 3anuary 11, 1993 . P��� 2 , � � The. invesbnent Manager has been . appaint�eci under Sectian 4Q2(c)(3) of � ERISA and the Investment Manager, a�►d.the It�vestment Manager's actions hereunder, shaii at all �times be subj�ct to th� entir�ty of such Act. ` Denv�r Yn�estment Advisors has also acknowledged it is an Inv�stment Manager as defin� in Section 3(38) of ERISA a�d, as require.�i t�ereunder, repx�eser�t5 that it is an Investmetit Advisor as dehned under the Tn�estment Advisors Act of 19�4Q and is registereai as an lnvestment Advisor wit[i the U. S, Securities and F.�cch�nge Commission, and that it will mai�tain such status during t�ie terms of the Agre�ment.� ASSIGNMENT The Agreement beEwe�n City of Cieaxwater, Ftorida and Den�er Investment . Advi50rsy Inc., dated July i, I982 may nat be assignc� 6y eithcr party excegt �vith the privr writt�n cans�nt of tY�e other party. . Acknowtec�ged and approved this Ilth c3ay af January, 1993 by duly authQrixed officers aatd ti��ir corporate s�als to be hereunto affixed as of the date first above writt�n. � ATTEST: CLIENT; CITY OF CLEARWATER, FLOR�DA . � By: . wimess ' Title: ATTEST: � DENVER iNVESTMENT ADViSQRS, INC. �.��14- �' . By: ��c.�.�.�c�.,ti�..... � C � Caleb �, i�a'ks, Jr. Title; Vice President and Partfolio Manager Vi�O Pr�sident �nd Secretary ,� � S � � �� k � '� �� � .. � ' ; ' ��� .� �9 U5�5 § 14}02 LAE30R {33) Tf�c tcrm "inve�tmcnt m�nagcr" mes�ns any �iduciAry (other thnn a ttustee or nQmed fiducinry, as deiined in section q02��)�2) [29 USCS § � �o����{2)])--- . (A) who has thc pawer to manage, acquire, or dispnse af ariy ssaet of a plan; � (D) who is (i} registcred as nn ir�vestment adviser under the Invest- iuent Advisers Act of 144U [15 USCS §§ 8Db-1 et seq.]; (ie} is a bank, us del�necf in that Act [15 USCS §§ 8pb»1 et seq.�; or (iii) is an in��rt�nce company qa�tli�ed ta �crfvrrr� services described i� subpara- graph (A) undcr thc laws of mare than onc 5tAte; and (G7 has acknov�ledged in writing ti�at he is a fiduciary wit� respect to the plan. � (39} '3'i�e tern�s "pian ycaF" and "fisca4 year of the plun" me�n, with respect to a gian, the caIendar, policy� or fiscal yr.ar on whicii the records of the plan arc C�ept. {40)(A} 'Tt�� term "multiple eFnployer welfare arrAngement" rneans ar� employee wel�'are benefit plan, or r�ny ather arr�r�gement (other tf�an an employec welfare beneRt plan), wf�ich is established or maintained for the purpose af oi%ring or �roviding any hcneRt described in paragraph (1) to the employees a� two or rnore emplayers (incluc3ing anc or m�re self-cmploycd individuals}, or to their beneficiaries, except thnt �such term dnes not in�lude nny such p1r�n ar ott�er arrangernent which is estmblislied vr maintained— ' (i) under or pur�t�ant tQ one or mnre agreemencs which the Secretary finds to be coilectivc bargaining agreements, or (ii) by a ruru� electric c:ooper�tive. � ($} Far purposes of this paragr�ph— (i) two t�r more trades or businesses, whether or not incarporated, shall be deemed a single employer if such tradex or businesses �re wiihin thc same contra! group, {ii) the tarm "control graup" mea�is t� group oF trades or businesses under comman contral, � (iii) #he detcrminatiar� of whether a trade or business is under "common contral" with anothcr trgde or business shnll be deter- �nined us�der segu(ations of the Secretary applying principtes similar to the principles appliec# 'sn ci�termining wh�ther employces of two � or more tradcs nr businesses �re trc�tec3 as einp�oyed by a single employer nnder section 4001(b) [29 U5CS § 1301{b}], except th�t, far purposes of this �aragrapt�, common cn�trol s�aZ� not bc bases� an �n interest of less th�n 25 percent, �nd (iv) ti�� term "rurai electric coaperative" means--- (I) Any orgAnization ��iiich is exempt irom tax under srction 5fl1(a) af the Internai Revenue Code of 1986 €26 USCS § 501(a)j and which is engaged primnrily in providing e�ectric servica on a cnutual or cuoperative basis, and 124 12 27; Sta §1 . � i i�� � ! E #' �i� � , , 3 � �� �� � r ; . S ' Z9 USCS � �10�, LASOR �' Whet rvnatituteg impairmcnt of proposcd lnterveirar's i»lrrrst to sup- port intervcnti4n as maiter nf rigi�t und�r Rtsta 24(a)(2) pf Federnl Rulea of Civil Praccdurr i� tahor gctiaris. 7'1 ALR Pcd �Q1. W�a i� "�duciary" withsn mcaning of sec. 3{Zt) af $mploycc Actirc- mer�t tncome Security Act ot' �974 (29 USCS sec. t002(21)). 6'] ALR Fed 186. "Duai laya�ty" conaiderations in determining �ropricty, undcr Esn- ploya Retircment Income Security Act (29 USCS stcs. i001 et seq.), oF actions aF of�c�rs of span3nr corporation acrving as tr�atces nf emp�ayment pension psan. 64 ALR Frd 6�02. Federal regvfation af competiti�e practices in liquor industry under sec. 5 of Fcdcrnl Alcohol Adm{nistrntion Act (27 USCS scc. 2Q5). SS ALR Fed 797. I.aw Review Artic�es: Laner t�d Lcvin, The Dilernma of the SmaZ1 Ptan Fiducisry Undtr ERISA. 56 Chicago-Kcnt L Rcv SB9. 1980. {3er�tile, I.egaf Update on Administr�tian of Em�lnycc Bene�t P►ans. 7 Jaurnal of Pans'san Pl�nriing and Compiiance 387, Septcr�bcr, f981. INTERP�t�'TIVE NOTES AND DEC[�IONS l. Citncrnlly stot exncAy satisfy eligibility requirementa, eirtce � 2. [1t�tunded p1ar� pian provision intetprctation demonstr�trd hy 3. PW= assets �artles ec�� wflf govern rclntion�hip rcgardlcs� of � cant�ery wards. dilnon v ASARCO, Inc, (1987, �• �u�' Tenn App) 74i 5W2d 3d4. � ERISA Icaialative loistory and il� ftduciery � reaperosiMlity provisions (29 135CS g5 1101-11 t4) 2. Unfundcd piRn� 3ndlcatc Ihat Co»g�ess intrndcrl henrlii fund Atfcrrrd com�xnsnfion plan which pnys bent- �irwtets to possess broad �nanageria) nnd ■dmin• ��� �ut of campany a��els exce{�t ia rnrc �itue- � istrativt discrotion in opesalian of their funds. tian� whete insurence tnke� over, and which 1 Taylar v B+dttry � Confeetiqnary iJniop � eovcro na mote lhnn a.b percenl of wark faTCC, '' iadustry Ioternatianal Wcltnre �und (!97$, �D all af altiom nro salesmen wha earn aver 4 tkmcs � NG� 433 F 5u�p Slb. avernge snlary �aid othrr cmnloyees, �s n4t eub- Congrtss et�acted EIt15A (2I U5CS §! i01- ject ta ERISA veating requircrneots. Be1kn v � " I3H1j to {ncrcue number of ind{vidunEs in em• Rawe Furniture Corp, (i9B3, [3C Md} 37I F , player linanccd benefit pinns anci to protect Supp 1249, 4 ElIC 2169. employas' right �o receive btnelits; LRI5A 3s designod to �tati�de �ufcguarda with resFxct to 3. 1'l�n �eta � estsbli�hment, oyxration anci admtnistrattqn nC Auet� htld by fut�rta carssmissian rsterchttnt plans. F'iae v 5cmct (198t, 5D Fisj SiS t� 5upp la fund pian'a mnrgin ar.caunt fn connectian 34, 2 EBC 1103, aRd (CAII rlo} 699 F2d 1091, with futures ir4n�netions are nnt plan a�seu for 4�BC 1273. purposee oC Pun 4 nP Snbtille il af Ti1ic I of Perxoa tteate� sa pl�n �erticipnnt can enCnree ERiSA (29 USCS §§ ! 141 et seq.). {i9A�} �R- pnxticipant bcncata due htm, afthough he does 15A Op Le�ter Na. 82-49A. � ��r► § �402. Estab�l�hm�r�t of plar� (a) Named t}dw�tar�es. (l} Evcry employee bencfit pl�n shall be establighed '�' �ti' and maintained pursuant to a written i�strument. Such instru�nent shall ` provide for one or rr�oce narned fiduciaries wha jointly or severa4ly sf�atl ;�� � have at�tharity to coatr�l and rrtaaage th� oper�tioii and adminisiration ` of the plan, � � 33G � � ' . , i i '� ltion � RE'�'iFtEM�NT �NCOME SECURITY 29 [J5�5 § 110� {2} Far purposcg o!' this titic� thc term "namcd fiduciary" mean� a Rduciary who is namcd iri thz plari insiEVmcr�t, or who, pursu�nt �o u proccdure spccified in the plar�, is icicntifl�d as a flduciary (A} by n person who is nn employer or emplayee organiwtion with respect to the plan or (B} by such an empinycr and s�ch att emplayee organizat�an acting jointly. (b) Requi�iEe festurca of pian. Every employee benefit plac� shall— {1} provid� a procedure for establishing and cacrying out a funding policy anc3 mcthod consistent with the objectives of the plan a�d thc rcquircments af this title, � (2) dr�cribe any �roc�dure �ndar the plan for tt�e allacation af respnnsi- Uilitics for the operatian and administratio� oF ti�e plan (inaluding any procedure described in section 405{c)(�) [29 USC:5 § 1105{c)(1}]), (3) pravide a grocedure for amending sach plan, a�d for identiFying the peran«s wi�o h�ve authnrity to amend thc ptan, and (a} apxif'y the basia on wh�ch payments are madc to and from ihe plan. (c) pptional feat�res of pl�n. Any emplayee benefic plan may provide— (1) that nny persan or gronp af persons may serve in rriare t�aR one �iduciary capacity with respect t� the p[an (incl�d�ng service both as tr�atee and administrator); � {2) that a nntned Hd�ciary, ar n fidt�ciary designt�ted by a named fiduciary pursuant ta a p1An �rocedure described yn section 405(c)(1) [29 USCS § 1105(a)(1}�, may employ one or rnor� �ersons to render advice wkt�� regs�rd to arty responsibility such fiduciary has vnder 4he ptan; ar {3} that a persan who is A narn�d fidnciary vvith respecL to' control or management af ti�e assets of khe plan may appoint an investrnent managar ar managers to manage (ineluding the power to acguicc anci {�15pOS� 0� aIl]r a5SCt5 Of A pIS11. tSe�at. 2, I974, P. L. 93-406, Title I, Subtitie B, Purt 4, §�4q2, 88 Stat. 875.) HISTORY; ANCILLARY LAWS AND Di�t�GT�V�S References [n te�at: "This titZe"� referred to in this section, is Titte T qf Act Scpt. 2, 197�, P. L. 93-4U6, 88 St�t. 832, popularly knawn as the Employec Retirc- ment Income 5eeurity Act of i974, which Rpt�eArs gcneraily as 29 LiSCS §§ IQQI et seq. Far full classifict�tion of'this Titlr., consult USCS Tabics vnlumcs. ERecEive dete of scctian: For rffectivc date of this sectipn, sce 29 USCS §� 114. CRflSS REFERENCES: 'Tiiis section is refcrrcd to in Z9 USCS §§ 1042, S 1Q3, f 105, 1214. 337 ; �! �, • j. � � �; �F� �° iy i , ��, �• ('- `��y.,., i �Y� �G����,` �' � � 1 1 � � � �f�'t��f � �� �r t� •j�;�j �; ii � , , `�'��.� `� � � ��� .,�� ; , t��. �, ��. i,. �i t �, f�i�,. , '. �I, : '3 ;� �� � �� � l� �' � � i , � i � {� � i; s�;��'�� ;' .,, �� ' ,�,� . � t. � / i i �. . ). . f ' ,� ' 1 .l '�It .1 ' , e r f . � • �� �`� mRU5T��5 OF" THE EMPLaYEES PF�NSION PLAN Agend� Ca�er Memorandum , � item f! Fieeting Dnte: �' . � ag `i . BUHJECT: Assignm�nt o� contract with Shields Asset Management for fixed incom� investment management. REC{7MMENDAT��N/MOT�ON: Approve the request of 5ha.e3.ds Asset Management to , assign thei.r contract for fixed i.ncome investment managemen� to Al.],ianc� CapitaJ. Management L,P. .� er�d that the appropr4ate otficiaEs b� authorized tc execute s moe. . '•nACKGROUND: On Actob�r 1�l, 1991 the Trustees approved the recommendation to appoint Shields Asset Managem�ntr Inc. of White P�.ains, New York to manage a portion o� the tixed income investments of the pension plan portfoZio. Accorda.ng to the agreement with Shie�ds Asset Management, Inc., the City of C1.earwater must approve any assignment of interests in this contract. 5hiE3.ds Asset Management has reached an agreement with A1�.ianc� Capital Management L.P. for All�ance to acquire its busin�ss and assets. A�ter this sale'our account wil�. be managed bY th� Shields division of A1liance. All of � ttae principals and emp].ayees of Shiel.ds As�e� Management are expected to join Alliance, and the investment discip�.ines and bus�ness phil.osophy that are current�.y in u�e ar� exp�.ct�d to remai.n the same, This transfer wa.�l in no way af�ect the right of the City o� Clearwater Empl�oyees� Pension PZan tQ terminate this agreement if at any time w� are dissatis�zed with their performance. ficvicued by: � Orig ting Rcpt; Costs: S 11/A Comalssion Actiort: legat ' � DOAS/Financc Total � app�o�ed 8udqet N/A 0 Appraved ►r/corxiitions Aurc�tiasing N/A �� f M/A ---- p Acnied itisk Hgmt. N�A Uscr Dcpt: Current Fiscal Yr. . C[5 �� � Continucci to: ACM . �unding sourcc: Othcr ❑ Copital 1mp. Advertiscd: � QACCCting Assigrnntsand Agrecment Dutc: f,�� Paper: l.etter '� � Hot Rcquired 5ubmittcd by: Afiectcd Partics /�ppropriAtian Cade: ❑ konc � Norified � Hot Rcquired Ciiy Hanngcr �,. , _ • . � �� � • � . , � . , . „ . . , , .,., , � , ,. . • . . , • , • . � , � , � , . ,. , . , . � . . . . . , , . , , , . , ,: . , , . , : . . .. . i.' ' � � � , ' . . . ' . . ' . . . . . . ' I . .. . ' � t , . , a i . , ; ' ; • , 1 . , ' ' ' . ' . . ' ' 1 ' . . � ' , � • . . . , 1 . � � . . . . ' . ' ' . 'I. ' '� ,. " ;�' . .. .t: � ' , • ,� . . ' � , � ' .. , . r • 1 . �1 J ;, it ' ' ' � ''. 1 t., ' � ' �!. . � . ' � . ' . . ' ' . . ' . � � !;l'� l�' �e";9 .��+�? �'.3:1�'7"a:�: �. ,'<r �?��`ti.�S° . . `� , . . � � ' . . . . ` . r f.;� i' . . � , i . . srr,'.:! . .... . .....`.�t.: .,. � tJ�'t:fe5.• _. . ... . .. . . �li.:t� lj; . � , r.� . . , .. . . '�. "` � : � , • , . ' . . ' . . � � , ,� � �'� �.. . ' . � Cit o�' Clcarwater . � � � ' � . . ' xI�S. 4sceola �ve. . � � . � ' � ` F.Q. Il�ox 478 � . � . � C�carw�tcr, F'L 335�8 ' 51�ields Asset �Management, Inc. 7Q9 Westchest�x Avenue . White� Plains, N:Y, 10604 � ' Dcar Sirs: , � . �. . '�� The City, of Ciearwater is party to an investment advisory�a reement with � Shields� Ass�t 1Vlana�ement; �ncor� orated. We �nderstand that �hiejds has ent�rcd � � inta an agreement w�ih Alliance Capital h7anagement L.P, to sejl substantially � �. al� of its bUSiness to Alliance, including its agreeinent wfth us. We further understand ih�t after the sale Shields s �usiness wiil be operated as�a , division �f Al�iar�ce. � . ' . � , : We hereby consent ta the transfer and assignment of our agreemcnt to �' . �Iliance as part of the sale o� Shields's business and agree t�at sui�sequent to � Eh�.sale we will be party to an agreemes�t witEi Alliance in the same form as oc�r current agreement with Shields except for the snclusion of a provisian requiring . � Alliance to not�fy us of an . changes tn the membership of Alliance's general partners within a reasonab�e period of time after s�ch chang�. � . Sincereiy, � � � , City of Cle�rwater By: ' . Nam�: . . � .. Title: � � � Date: � � � , � � , � , 110 :- : , , . .. . „ � . .�s ; , , . . � , �. . � , • � , . , . , ; . , ,,. :. ' ' � A ., , , � � �', � � .' , , • • � � . � . � . . . . ' ,. ' � . • � � � � , ', . ' . . ' � , . , .' ' ', . ; ' . � .'. ' ' -� ' . . . � � � ��� ' . � . , , � . .. � f� , � . . . .. � .. � .� '. , ,� � � ' r . . ' � . . � � ' ' ' � . , ' ' , . � � '�:!s': .,14. - ,n. ",°i tr�t,:�. ' , i.... �E. ' � ' ' . • , . • � , • . � , . s " . �i.��9. < . .'` - - . . . � , :. f� �° , . �'� - ' - ,.. . , . .. . , � . • , . . . . : � �/ . , r,�- , . . • . , . , . . � ' , . v: . .' � �,? I I I� L� V. .. ,' 7U� Westchestar Avanue Whlte Plolns, NY 10444 , � � . ASSET � . .� . � � MANA�E�,/�ENT. � , � � 7elephone 91A bd4-G900 • t�JCC�RP!C�A�a . . . Fax �qaa� a�4-0�Z�� i�,�� . ,. . . ' � � . . � Novemi��r 29, 1993 Ms. Barbara W�ston � � Ciky of Clearwater � � �inanc� D�partment � 112 South Qsceola Avenue . ' Cl�arwater, Florida 34b16 � � � � Dear Ms. West+�n: � As you may �Cnow, we have reached an agreement wiih Alliance Capital Mar�agement . l..P. �or Alliar�ee ta acquir� nur bus�ne�s �-�nd asseis. We �re writing io r�quest y4ur cansent and agreement to enable us to contiiiue mar�agir�g yo�r account at Alliar�ce. . Ai�ia�ce is one af �America'S ma�or asset manag�meni orgar�izations, providing investment mana�ement services for over $11(} billion in assets to instit�tional c{ienis, including pension funds and endawments, ar�d individuals, princi�ally throu�h a broad iin� � of mutual Funds. A1liance is a publi� compai�y whose units are listed on th� NYSF. Fur�her inForm�tion regarding Alliance is availabie on req�aest ancf a copy of its disclosure brochure wi�l be sent to you prior ta compietian of ihe sale. Th� combinatian with Al�iance will provic�e us with access to one of the highest quality research department5 in tl�e {inancial s�rvice5 industry. � � After consummation of t�e sale, your acco�nt will be managed by the Shields d�vision of A�liance. AIt of o�r principals and employee5 ar� pxnected to }oir� A!liarrce, and ih� investmer�t disc�plines and buliness philnsophy w� now use are exp�cted to remain th� same. � The sa�e oF a�sets to Alliance coristitutes an assignment �f your investment advisory agre�m�nt to wF�i�h your consent is required !�y our ag�eement with yau. Urice the sale occurs, che law alSO rec#uires your agre�ment to stat� that Ailiance will notify you of any changes in the mEmbership of its generaf partners within a reasonable,period of time. W� have forwarded a form #o the Fun� office t� indicate, consent and agre�ment to thes� chang�5. . fhiglonal Of�ces; 44 Manl�am�ry 5froef 1140 Cvnneciicut Avenue N W 5a� Francisca, CA 94104 Suile 9100 � (415} 3q8-fi758 Washinglon, DC 2Q034 ,,,, � (202) 897-8944 � '��� �.;�7',' c,p °:��..3.��^,i tf;� ' ' • ' . , � . . � ,r . . . , 6„ . lri'�.5:'���.�'[ � E'. � 1 � ' ' . ,' ' , . . . .� . . ' ' ' . ', ' ' ' , ° . _ ::t • . . .a y�r:,� ���.if� I . '''�� i� . ' f .. . .. 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' , . �. . ,, � �. ; � � , � .. � � . � �' � �� -� ; . , � ° �Should you have any questions, please call me at 1-800-343-7888, � � . � ' . .:� . � ' . � � . . , � � � ; ;�' � , �. , ' . . , . � � �'5incerely, . � . . .� ' i ��;�' i• 1- '� , �I� . , . . � . , , . 4 , , , j � '. ` . � • � . . , . . . . . � � . . . . . ',�. .t.;' � �.� . - � � ' . �,. . � : : . ' , �.. '. , � ' . : � , . hn R. Larki� . . . ' � f•r 1 E i ��,;: . - � . , . ,. : . . �. .� Managing Director � . . i'- �� � . . . � .i .. . : . . I• , '' ' . . , i � • ' . . � II; . . .. . .. . . i . . . . . . .. .. . � , . , . � . . . i I,j: , , , • F � ,f .s . i ' � . �, ' . , • � ' . . � } ' ... � , �� i'. ' , . � . • t ' . . I . , . '�, - , . , • � . • , . . ' , . i , . ` .;.. ,� . ' ' - , ,> f� i • . . . , , � . , , ' ' , • .� � � ri, . , . . • 1': 1. .' ' • . ." ., �. , , ' . , .. . � ... ' ...� , , . , , ' �� .� �' � : . , I v '; . , ' ' , , � .•.. , ' � ' ., � �: • �' ' • � .. ' .. . . �. '.� .. ., - � � , • � � . : , ` , � ` jl � ' � , . , ' `. , 1 , , . ; , .• �I , . , . . , � + . . . � . `i ' . • ' � . . I � '. ' - � S ' ' .. � , ' � , , . . ' , ' � ' i .. ' . . . � � . . • � �. � ' ' ' � . . , . , , . .i . ' . . ' . . ' . � ,. ' . ' . ' 1 _ , ` • . . . ' . , i , . � . .` , ' . , ' . � i . . . . � . . � . � ' � . ' . . . ' ° . . ' ' � ' ' � � . � � • f ' . • • . � • i . + I r • � � � r • . 1 • � � ' � � . ' . � �.... �.., e � � � ' . .. .. . .. . . � .. ' � ' o ' ' . i�M• . . f � � � . � � , ' , . � . . • , r f. . ' i. � � . � i � 1 • . � I' � � � . . ' 1 E. . � • ' � i. 1 • . ' � ' � . '. ' . � ' f':.li `'e � �I�.�.�.:��i': ' is: . � . .,�. , . . . ., � . , . � � , r , ' . ... � . . ' � . ' . , ... ' ' . . u i ' ��•,z r � � T t�i M ti I�; . � .� � FSaetfnQ �ote: 2,� Z,��4 � TRI35T�E5 0�' �MYI.OYEE PENSION PLAN . � Agenda Co�er TVlemorandum � � � y� � �BU�JECT: . Special Actuarial 5tudy � , � . i��nr � �n�nu��u�iii rr ��r�n ___ R�CQMM�NDATION/MQTION; • Approve the expenditure of nat to exceed $25,00o tor the C�.ty�s actuary, ,.Coopers & Lybrand,�to.perform special actuarial analyses estimating costs of proposed pen�ion plan chanqes to employees cov�red in the barga�,nfng un.its and thE pension plan. � � � end that tha eppropri�te aificials be authorizesi to execute same. i�AC�aROrr�: � . The�C�,ty is b�ginning bargaining w�.th�each uriion for chang�s in th� pension � '. p�.an. Many propos�d changes hav� been studied by our actuary." There will b� some var,i�.t�.ons on these studai.es that w�.].�. be need�d ta ascertain the impact aF those changes and if some are don� a.n conjunction wi,th others what that impact w�l.���be. We have coinmv,nicated with our actuary, Coopers & Lybrand, who has � ind3�aated their willingness to per�orm ��q�ested studies with a quick � turnaround ti�e understanda.ng thi.s is for bargaini.ng. When we hav� required numerous �tudies in the past the �ees have not exceeded �25,000. Any � expenditure wi11 be approved by the City Manager �o].lowing a sp�cific request �rom the barga�ning team. Thes� requests will be reported to the City Commission i.n alosed barc�aining sessions. � P,eYteWCd by: Urigfrmting Dep Ccsts: f'2S ODO Comnisgion 1lction: Le�nl. �A �nf �ation -- � Totat ❑ Rpproved Buddet k/A / � fl A ro+red rr/condittona I�urchasirig N/A - ' S PP R�sk Ftgmt. N/A""" Current F scpl Yr. Ci De�ied • C15 ' q Ugar Dept: ' l7 Continued to: RCbt '�4� ,,, . F�ndi►►9 Sas�rce: Other ❑ Cnpital [np. � C] Opernting Advtrtistd: Attochments: Dote: � Othcr Paper: ❑ kot Required �S None 5tlxaitted by: Affcctrd Pnrttcs . A�apropriat�on Cvdc: Z1 Hatificd bG6-7410•301-585 CSt llunn er 0 Hat Required s4sr. � • I