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i
•-t_ ' ACTION AGENDA
Board of Trustees of the Eritployees' Pension Fund
June 15
1998 '
,
1.' • ' Cali to order 1. 9:09 a.m.
2. 'Approval'of Mihutes: '5!4198 2. Approved as submitted.
3..'' -Request ",for acceptance 3. Approved,
` into membership: I
ay Albert Carrier
b)'David L'arremore
cy Jeremy Lewis
d) Angelo Muscerella
`. ,:. e) Lauren Sherman
:f) Michael Burden
4. Regular Pensions to be grant6d:': 4.. Approved. i
I
Jimmie Waters
,
Jessie Myrick
5. 'Other Business: S. None.
6. .. `Adjournment:. 6.' 9:10 a.m.
4
ieowiwl?l??
' Meeting Date: S ! Approved by Trustees
CITY OF CLEARWATER
EMPLOYEES' PENSION PLAN
PENSION ADVISORY COMMITTEE
TO: " Pension Trustees
FROM: Pension Advisory Committee
SUBJECT: Recommendation for Acceptance into Pension Plan
DATE: May 14, 1998
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 1669.1 out of
1707.9 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 Eiig.
Name Jab. Class-& DeQt..(„.Div. Hire Date Date
Albert Carrier, Engineer ll/Public Works 3/301/98 3/30/98
David Larremore, CAD Technician/Public Works 3130/98 3130/98
. Jeremy Lewis, Pal, Com. Oper./Police 3/30198 3/30/98
Angelo Muscarella, Mechanic I/General Services 3/30/98 3/30/98
Lauren Sherman, Accounting Clerk/Police 4113/98 4/13/98
Michael Burden, Maint. Worker I/Solid Waste 4/13/98 4/13/98
Pension Advisory Com ittee Chair
t
i.. Ir
a
Trustees of the
Employees'. Pension Plan
Agenda Cover Memorandum
Meeting Date: 6/151911
SUBJECT/RECOMMENDATION:
Jimmie Waters, General Services Department, and Jessie Myrick, Public Works Department, be granted a
regular pension under Section(s) 2,393 and 2.397 of the Employees' Pension Plan as approved by the
Pension Advisory Committee.
and that the appropriate officlafs be authorized to execute same.
SUMMARY:
Jimmie Waters, Mechanic 11, General Services Department, was employed by the City on April 13,
1973, and his pension service credit is October 13, 1973. His pension will be effective 'on May 1,
1998.
Based' on an average salary of approximately $37,589 per year over the past five years, the formula for
computing regular pensions, and Mr. Waters' selection of the 106% joint and Survivor Annuity, this
pension will approximate $24,849 annually.
Jessie Myrick, Public Services Supervisor 11, Public Works Department, was employed by the City on
June 4, 1963, and his pension service credit is effective that date. His pension will be effective on July 1,
1998.
Based on an average salary of approximately $38,743 per year over the past five years, the formula for
computing regular pensions, and Mr. Myrick's selection of the 100% Joint and Survivor Annuity, this
pension will approximate $36,366 annually.
Mr. Waters and Mr. Myrick's pensions were approved by the Pension Advisory Committee on
May 14, 1998. 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. Mr. Waters qualifies under the age 55 and 20 years of service criteria, Mr. Myrick qualifies
under both criteria.
Reviewed by:
Legal NA
Budget NA
PurchasinS NA
Risk Mgmt NA
Info Srvc NA
Public Works N A
DCM/ACM
Other NA
originating Det
Human Resources
User Dept.
Attachments 4-y
400;Agenda Item !f
Total
Costs
Funding Source:
_
Cl
OP
Other PE
Current FY
Submitted by:
City Manager ? None
Appropriation Code: 646-07410-514900.585.000
Printed an recycled paper - -Rev. 2198