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10-14-2002AGENDA PENSION TRUSTEES 10/14/102 ACTION AGENDA Board of Trustees of the Employees' Pension Fund October 14, 2002 - 1:00 p.m. 1 - Call to Order - 1:20 p.m. 2 - Approval of Minutes: 09/16/02 - Approved 3 - Request for acceptance into membership: William Harding, Kimberly Burdette, Patricia Petsch, Todd Vaughan, Tyrone Mathis, Felicia Swann, Frank Silvio, Nathaniel Vint, Sam Kambourolias, Jason Herman, and Krysztof Moleda - Approved 4 - Regular Pension(s) to be granted: John Berrien - Approved 5 - Pension(s) to be vested: Darold Brink & Irene Gaccek - Approved 6 - Other Business - Human Resources Director Joe Roseto said disability pension cases for Camille Motley and Catherine Slack will be scheduled for December 12, 2002 7 - Adjourn - 1:22 p.m. Meeting Date: I0 " tH ' C)2- Approved by Trustees: CITY OF CLEARWATER EMPLOYEES' PENSION PLAN/ PENSION ADVISORY COMMI I-TEE TO: FROM: SUBJECT: DATE: Pension Trustees Pension Advisory Committee Recommendation for Acceptance into Pension Plan September 12, 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 1729.48 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 William Harding, Police Officer/Police 7/15/02 7/15/02 Kimberly Burdette, Police Information Technician/Police 7/15/02 7/15/02 Patricia Petsch, Staff Assistant/Police 8/12/02 8/12/02 Todd Vaughan, Recreation Program Support Technician/Parks & Rec. 8/12/02 8/12/02 Tyrone Mathis, Solid Waste Worker/General Services/Solid Waste 7/15/02 7/15/02 Felicia Swann, Police Communications Operator Trainee/Police 7/15/02 7/15102 Frank Silvio, Custodial Worker/Marine & Aviation 8/17/02 8/17/02 Nathaniel Vint, Electronics Technician/Engineering 8/26/02 8/26/02 Sam Kambourolias, Computer Aided Drafting Technician/Engineering 8/26/02 8/26/02 Jason Herman, Computer-Alder Drafting Technician/Engineering 8/26/02 8/26/02 Krzysztof Moleda, Custodial Worker/Solid Waste/General Support Services 8/12/02 8/12/02 sion viso Co it hair ark ' Trustees of the -- o Final Agenda Item # 99w?rEmployees' Pension Plan Agenda Cover 10/14/02 Meeting Date: Memorandum SUBJECT/RECOMMENDATION: John Berrien, Public Utilities 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 officials be authorized to execute some. SUMMARY: John Berrien, Public Services Technician II, Public Utilities Department, was employed by the City on November 16, 1973, and his pension service credit is effective on that date. His pension will be effective November 1, 2002. Based on an average salary of approximately $37,316 per year over the past five years, the formula for computing regular pensions, and Mr. Berrien's selection of the Life Annuity, this pension will approximate $32,458 annually. This pension was approved by the Pension Advisory Committee on September 12, 2002. 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 thirty years of credited service, or has reached age 65 and completed ten years of credited service. Mr. Berrien qualifies under the age 55 and twenty years of service criteria. Reviewed by: Originating Dept: Costs Legal NA Info Tech NA Debbie Ford/Humane Total Resources Budget NA Public NA User Dept. Funding Source: Works Purchasing NA DCM/ ccc?o Current Fiscal Year ACM un rvcvoment Risk Mgmt NA Other NA Attachments ccx ,t,ng Appropriation Code: Submitted by: 0 None City Manager Printed on recycled paper Rev. 2/98 Ste'` Trustees of the Final Agenda Item # 9qw ?.?? Employees' Pension Plan ? Agenda Cover Meeting Date: 10/14/02 Memorandum SUBJECT/RECOMMENDATION: Darold Brink, Marine & Aviation Department, and Irene Gaccek, Fire 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 some. SUMMARY: Darold Brink, Tradesworker 11, Marine & Aviation Department, was employed by the City on June 8, 1983. Mr. Brink terminated from City employment on June 19, 2002. Irene Gaccek, Life Hazard Safety Inspector, Fire Department, was employed by the City on August 22, 1988. Ms. Gaccek terminated from City employment on August 22, 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. Mr. Brink would have completed twenty years of service and reached age 55 on June 8, 2003. His pension will be effective July 1, 2003. Ms. Gaccek would have completed twenty years of service and reached age 55 on August 22, 2008. Her pension will be effective September 1, 2008. These pensions were approved by the Pension Advisory Committee on September 12, 2002. Reviewed by: Originafing Dept: Costa Legal NA Info Tech NA Debbie Ford/Human Total Resources Budget NA Public NA User Dept. Funding Source: Works Purchasing NA DCM/ Capital Current Fiscal Year Improvement ACM Risk Mgmt NA Other NA Attachments operating Other Appropriation Code: Submitted by: 0 None City Manager Printed on recycled poper Rev. 2/98