04-15-2002AGENDA
PENSION
TRUSTEES
04/15/02
ACTION AGENDA
Board of Trustees of the Employees' Pension Fund
April 15, 2002 - 9:00 a.m.
1. Call to Order - 9:21 a.m.
2. Approval of Minutes: 03/18/02 - Approved
3. Request for acceptance into membership: Kim Peterson, Raymond Galluccio, Melanie Kindred,
Lance Kielich, Edward Lear, Robert Russell, Ronald Francis. - Approved
4. Regular Pension(s) to be granted: Charles J. Dunn, Jr., Charles Flowers, Patricia Buzek, and
Thomas Walbolt. - Approved
5. Pension to be vested: Carla Collins. - Approved
6. Other Business
7. Adjourn
Meeting Date: 'T -1S - o Z?-
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: March 14, 2002
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
1710.15 of 1834.7 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
Kim Peterson, Field Service Representative/Customer Service 1/28/02 1/28/02
Raymond Galluccio, Maintenance Worker II/Police 2/11/02 2/11/02
Melanie Kindred, Police Information Technician/Police 2/11/02 2/11/02
Lance Kielich, Equipment Operator III/Public Services 3/24/01 2/11/02
Edward Lear, Solid Waste Worker/Solid Waste 2/11/02 2/11/02
Robert Russell, Marine Facility Operator/Marine & Aviation 3/21/84 1/26/02 "
Ronald Francis, Network Support Technician II/Information Technology 2/25/02 2/25/02
originally hired as permanent part-time; changed to full-time and pension eligible as of 2/11102
originally hired as permanent part-time; changed to full-time and pension eligible as of 1/26/02
Pension Advisory om air
SAM' l?
Trustees of the Final Agenda Item #
rEa?•?? Employees' Pension Plan
Meeting Date: 4/15/02
Agenda Cover Memorandum
SUBJECT/RECOMMENDATION:
Charles J. Dunn, Jr., Police Department; Charles Flowers, Fire Department; Patricia Buzek, Finance Department;
and Thomas Walbolt, Parks & Recreation Department, be granted regular pensions under Section(s) 2.393 and
2.397 of the Employees' Pension Plan as approved by the Pension Advisory Committee.
and that the appropriate officials be authorized to execute same.
SUMMARY:
Charles J. Dunn., Jr., Police Officer, Police Department, was employed by the City on June 5, 1973, and his
pension service credit is effective on that date. His pension will be effective June 1, 2002.
Based on an average salary of approximately $53,917 per year over the past five years, the formula for computing
regular pensions, and Mr. Dunn's selection of the 75% Joint & Survivor Annuity, this pension will approximate
$43,184 annually.
Charles Flowers, Fire Deputy Chief, Fire Department, was employed by the City on February 14, 1977, and his
pension service credit is effective on that date. His pension will be effective September 1, 2002.
Based on an average salary of approximately $62,612 per year over the past five years, the formula for computing
regular pensions, and Mr. Flowers' selection of the 100% Joint & Survivor Annuity, this pension will approximate
$43,298 annually.
Patricia Buzek, Senior Accountant, Finance Department, was employed by the City on December 19, 1977, and
her pension service credit is effective on November 2, 1989. Her pension will be effective April 1, 2002.
Based on an average salary of approximately $50,439 per year over the past five years, the formula for computing
regular pensions, and Ms. Buzek's selection of the 100% Joint & Survivor Annuity, this pension will approximate
$10,134 annually.
Thomas Walbolt, Recreation Supervisor, Parks & Recreation Department, was employed by the City on April 4,
1966, and his pension service credit is effective on September 4, 1976. His pension will be effective April 1,
2002.
Based on an average salary of approximately $41,629 per year over the past five years, the formula for computing
regular pensions, and Mr. Walbolt's selection of the Life Annuity, this pension will approximate $31,975
annually.
Reviewed by: Originating Dept: Costs
Legal NA Info Tech NA Debbie Ford/Human Resources Total
Budget NA Public Works NA User Dept. Funding Source:
Purchasing NA DCM/ACM A? Captlallmpromnent Current Fiscal Year
Risk Mgmt NA Other NA Attachments operating
on,?r
Appropriation Code:
Submitted by: O None
City Manager
Printed on recycled oaner Rev. 2/98
Regular Pensions
Page 2
April 15, 2002
These pensions were approved by the Pension Advisory Committee on March 14, 2002. Section 2.393 (p)
provides for normal retirement eligibility when a participant has completed twenty years of credited service
in a type of employment described as "hazardous duty" and further specifically defines service as a Police
Officer and Fire Deputy Chief as meeting the hazardous duty criteria. Mr. Dunn and Mr. Flowers qualify
under the hazardous duty criteria. Section 2.393 (p) also provides for normal retirement eligibility when a
participant has reached age 55 and completed twenty years of credited service, has completed thirty years
of credited service, or has reached age 65 and completed ten years of credited service. Ms. Buzek qualifies
under the age 65 and ten years of service criteria. Mr. Walbolt qualifies under the age 55 and twenty years
of service criteria.
l
Trustees of the
Employees' Pension Plan
Agenda Cover Memorandum
Final Agenda Item # S.
Meeting Date: 4/15/02
SUBJECT/RECOMMENDATION:
Carla Collins, Police Department, be allowed to vest her pension 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:
Carla Collins, Police Service Technician, Police Department, was employed by the City on August 19, 1985.
Ms. Collins terminated from City employment on May 3, 2002.
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, has completed 30 years of credited service, or has reached age 65 and completed
ten years of credited service. Ms. Collins would have completed twenty years of service and reached age 55 on
April 13, 2011. Her pension will be effective May 1, 2011. This pension was approved by the Pension Advisory
Committee on March 14, 2002.
Reviewed by: Originating Dept: Costs
Legal NA Info Tech NA Debbie Ford/Human Resources Total
Budget NA Public Works NA User Dept. Funding Source:
Purchasing NA DCM/ACM Captial Improvement Current Fiscal Year
Risk Mgmt NA Other NA Attachments operaling
aher
Appropriation Code:
Submitted by: 11 None
City Manager
Printed nn rervrled naner Rev. 2/9R