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08-18-2003AGENDA PENSION TRUSTEES AGENDA Board of Trustees of the Employees' Pension Fund August 18, 2003 - 9:00 A.M. 1 - Call to Order 2 - Approval of Minutes: 07/14/03 3 - Request for acceptance into membership: Justin Lutz, Jesse Combs, Jonathan Roberts, Gregory Anderson, Shante Dean, Monica Rodriguez, Dan McCue, Kellie Ciotti, Ryan Brinson, Dennis Cason, Kent Reeves, Bryan Karnes, Randy Bodle, Robert Palm, Casey Lawrence, David Bradford, Jr., Richard Baird, Norrise Shellman, Grant Nelson, Cornelius Collins, Joshua Payne, Louis Anderson, Michelle Sheldon, Shari Lepper, Derek Ferguson, Carrie Mehling, and Elizabeth Renfroe 4 - Regular Pension(s) to be granted: Joseph P. Egger, Walter A. Yasensky, Wayne R. Meissner, Matthew Moore, Douglas J. Wlasiuk, Carol A. Turcotte, and Charles E. Watson 5 - Pension(s) to be vested: Glenn Perry 6 - Other Business 7 -Adjourn Meeting Date: ?? -18 -O6 Approved by Trustees: CITY OF CLEARWATER EMPLOYEES' PENSION PLAN/ PENSION ADVISORY COMMITTEE TO: FROM: SUBJECT: DATE: Pension Trustees Pension Advisory Committee Recommendation for Acceptance into Pension Plan July 10, 2003 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 1770.76 of 1844.9 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 Elig. Name. Job. Class. & Dept./Div. Hire Date Date Justin Lutz, Police Officer/Police 5/19/03 5/19/03 Jesse Combs, Parks Service Technician I/Parks & Recreation 5/19/03 5/19/03 Jonathan Roberts, Life Hazard Safety Inspector/Fire 5/19/03 5/19/03 Gregory Anderson, Public Services Technician I/Public Services 5/19/03 5/19/03 Shante Dean, Police Cadet/Police 5/19/03 5/19/03 Monica Rodriguez, Police Cadet/Police 5/19/03 5/19/03 Dan McCue, Police Cadet/Police 5/19/03 5/19/03 Kellie Ciotti, Police Cadet/Police 5/19/03 5/19/03 Ryan Brinson, Traffic Engineering Assistant/Engineering 5/19/03 5/19/03 Dennis Cason, Police Recruit/Police 5/19/03 5/19/03 Kent Reeves, Police Recruit/Police 5/19/03 5/19/03 Bryan Karnes, Police Recruit/Police 5/19/03 5/19/03 Randy Bodle, Police Recruit/Police 5/19/03 5/19/03 Robert Palm, Warehouse Clerk/Solid Waste/General Services 6/2/03 6/2/03 Casey Lawrence, Air Conditioning Technician/Solid Waste/General Ser. 6/2/03 6/2/03 David Bradford, Jr., Management Intern/Parks & Recreation 6/2/03 6/2/03 Richard Baird, Air Conditioning Technician/Solid Waste/General Services 6/2/03 6/2/03 Norrise Shellman, Water Plant Operator Trainee/Public Utilities 6/2/03 6/2/03 Grant Nelson, Solid Waste Worker/Solid Waste/General Services 6/2/03 6/2/03 Cornelius Collins, Solid Waste Worker/Solid Waste/General Services 6/2/03 6/2/03 Joshua Payne, Senior Marine Lifeguard/Marine & Aviation 5/31/03 5/31/03 Louis Anderson, Parks Service Technician I/Parks & Recreation 6/16/03 6/16/03 Michelle Sheldon, Customer Service Representative/Customer Service 6/16/03 6/16/03 Shari Lepper, Customer Service Representative/Customer Service 6/16/03 6/16/03 Derek Ferguson, Systems Analyst/information Technology 6/16/03 6/16/03 Carrie Mehling, Police Communications Operator Trainee/Police 6/16/03 6/16/03 Elizabeth Renfroe, Police Communications Operator Trainee/Police 6/16/03 6/16/03 /A , 'Aga ZI-1 ? Pe sion visory o itt hair 9?o Trustees of the Final Agenda Item # gw,,rEw? Employees' Pension Plan 8/1 8/03 Meeting Date: Agenda Cover Memorandum SUBJECT/RECOMMENDATION: Joseph P. Egger, Police Officer, Police Department; Walter A. Yasensky, Fire Fighter, Fire Department; Wayne R. Meissner, Police Captain, Police Department; Matthew Moore, Librarian III, Library Department: Douglas J. Wlasiuk, Fleet Mechanic, Solid Waste/General Services; Carol A. Turcotte, Property Supervisor, Police Department; and Charles E. Watson, Recreation Programmer, 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: Joseph P. Egger, Police Officer, Police Department, was employed by the City on August 17, 1983, and his pension service credit is effective on that date. His pension will be effective September 1, 2003. Based on an average salary of approximately $46,470 per year over the past five years, the formula for computing regular pensions, and Mr. Egger's selection of the 100% Joint & Survivor Annuity, this pension will be approximately $25,089 annually. Walter A. Yasensky, Fire Fighter, Fire Department, was employed by the City on January 1, 1974, and his pension service credit is effective on that date. His pension will be effective July 1, 2003. Based on an average salary of approximately $51,903 per year over the past five years, the formula for computing regular pensions, and Mr. Yosensky's selection of the Joint & Survivor Annuity, this pension will be approximately $42,039 annually. Wayne R. Meissner, Police Captain, Police Department, was employed by the City on December 8, 1969, and his pension service credit is effective on that date. His pension will be effective July 1, 2003. Based on an average salary of approximately $72,423 per year over the past five years, the formula for computing regular pensions, and Mr. Meissner's selection of the 75% Joint & Survivor Annuity, this pension will be approximately $67,426 annually. Reviewed by: Originating Dept: , Costs Legal NA Info Tech NA Debbie Ford/Human Total Resources Budget NA Public NA User Dept. Funding Source: Works Purchasing NA DCM/ caa+ia' Current Fiscal Year lmc,cvement ACM Risk Mgmt NA Other NA Attachments cc?-at'ng onr Appropriation Code: Submitted by: O None City Manager Prinfad nn fanvclAd nnner Rev. 2/98 Regular Pensions Page 2 August 18, 2003 Matthew Moore, Librarian, Library, was employed by the City on February 9, 1984, and his pension service credit is effective on that date. His pension will be effective March 1, 2004. Based on an average salary of approximately $49,276 per year over the past five years, the formula for computing regular pensions, and Mr. Moore's selection of the 100% Joint & Survivor Annuity, this pension will be approximately $26,432 annually. Douglas J. Wlasiuk, Fleet Mechanic, Solid Waste/General Services, was employed by the City on April 17, 1978, and his pension service credit is effective on that date. His pension will be effective July 1, 2003. Based on an average salary of approximately $38,439 per year over the post five years, the formula for computing regular pensions, and Mr. Wlasiuk's selection of the 10 Year Certain & Life Annuity, this pension will be approximately $26,188 annually. Carol A. Turcotte, Property Supervisor, Police Department, was employed by the City on September 10, 1973, and her pension service credit is effective on that date. Her pension will be effective October 1, 2003. Based on an average salary of approximately $37,156 per year over the past five years, the formula for computing regular pensions, and Ms. Turcotte's selection of the 100% Joint and Survivor Annuity, this pension will be approximately $30,321 annually. Charles E. Watson, Recreation Programmer, Parks & Recreation, was employed by the City on September 6, 1978, and his pension service credit is effective on that date. His pension will be effective November 1, 2003. Based on an average salary of approximately $35,018 per year over the past five years, the formula for computing regular pensions, and Mr. Watson's selection of the Joint & Survivor Annuity, this pension will be approximately $24,222 annually. The Pension Advisory Committee approved these pensions on July 14, 2003. 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, Firefighter, and Police Captain as meeting the hazardous duty criteria. Section 2.393 also (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. Yasensky, Mr. Meissner, and Mr. Egger qualify under the hazardous duty criteria. Ms. Turcotte qualifies under the 30 years of service criteria. Mr. Moore, Mr. Wlasiuk and Mr. Watson qualify under the 20 years of service and age 55 criteria. Trustees of the o Final Agenda Item r< TEmployees' Pension Plan Meeting Date: 818/03 Agenda Cover Memorandum SUBJECT/RECOMMENDATION: Glenn Perry, Parks & Recreation Department, be allowed to vest his 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 some. SUMMARY: Glenn Perry, Parks Service Supervisor I, Parks & Recreation Department, was employed by the City on August 29, 1973, and began participating in the Pension Plan on March 1, 1974. Mr. Perry terminated from City employment on May 2, 2003. 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 completed twenty years of credited service in a type of employment described as "hazardous duty" and further specifically defines service as a Police Officer as meeting the hazardous duty criteria. Section 2.393 also (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. Perry would have completed thirty years of service on March 1, 2004. His pension will be effective April 1, 2004. This pension was approved by the Pension Advisory Committee on June 3, 2003. Reviewed by: Originating Dept: r Costs . Legal NA Info Tech NA Debbie Ford/Human Total Resources Budget NA Public NA User Dept. Funding Source: Works Purchasing NA DCM/ Coptiol Current Fiscal Year Improvomont ACM Risk Mgmt NA Other NA Attachments Oporot ng Over Appropriation Code: Submitted by: ? None City Manager Printed on recvcled oaDer Rev. 2/98