12-15-2003AGENDA
PENSION
TRUSTEES
12/15/03
AGENDA
Board of Trustees of the Employees' Pension Fund
December 15, 2003 - 9:00 a.m.
1 - Call to Order
2 - Approval of Minutes: 11/17/03
3 - Request for acceptance into membership: Michael Franco, Kyle Kilian, Vincent Jones,
James Weinreich, Demetrius Brown, Nicole Anderson, Gary Martinez, Mitch Arnold,
Amanda Seibel, Chris Hicks, Kerri Leeman, Jeff Mahar, Timothy Smith
4 - Regular Pension(s) to be granted: James W. Thomas & Gordon Yaudes
5 - Approve the expenditure of $400 for membership in the Florida Public Pension Trustees
Association.
6 - Other Business
7 - Adjourn
City Co m mission
Cleanvater
Agenda Cover Memorandum
Trackinq Number: 311 Actual Date: 12/18/2003
Subject / Recommendation:
Accept the employees listed below into membership in the City of Clearwater Employees'
Pension plan.
Summary:
Pension Elig.
Name, Job. Class, & Dept./Div.
Hire Date Date
Michael Franco, Solid Waste Equipment Operator/Solid Waste 10/6/03 10/6/03
Kyle Kilian, Accountant/Parks & Recreation 10/6/03 10/6/03
Vincent ]ones, Solid Waste Worker/Solid Waste 10/6/03 10/6/03
lames Weinreich, Field Service Representative/Customer Service 10/8/03 10/8/03
Demetrius Brown, Solid Waste Worker/Solid Waste 10/6/03 10/6/03
Nicole Anderson, Police Recruit/Police 5/19/03 5/19/03
Gary Martinez, Police Cadet/Police 5/19/03 5/19/03
Mitch Arnold, Parks Service Technician I/Parks & Recreation9/22/03 9/122/03
Amanda Seibel, Recreation Programmer/Parks & Recreation 10/20/03 10/20/03
Chris Hicks, Parks Service Technician I/Parks & Recreation 10/20/03 10/20/03
Kerri Leeman, Recreation Program Support Tech./Parks & Rec. 10/20/03 10/20/03
Jeff Mahar, Parks Service TechnicianI/Parks & Recreation 10/20/03 10/20/03
Timothy Smith, Pool Guard/Parks & Recreation 10/12/03 10/12/02
Originating: Human Resources
Section Consent Aqenda
Cate pry•. Other
Public Hearina: No
Financial Inform atinn:
Type: Other
Bid Required? No
Bid Exceptions:
Impractical to Bid
Review Approval
CvndiP GotirlPair 12-04-2003 14:13:09
Garrv Brumback 12-04-2003 11:37:15
Bill Horne 12-04-2003 13:49:54
City Commission
Cleanvater
Agenda Cover Memorandum
Tracking Number: 309 Actual Date: 12/18/2003
Subiect_1 Recommendation:
James W. Thomas, Police Officer, Police Department, and Gordon Yaudes, Fire Assistant Chief,
Fire Department, be granted regular pensions under Section(s) 2.393 and 2.397 of the
Employees's Pension Plan as approved by the Pension Advisory Committee.
Summary:
James W Thomas, Police Officer, Police Department, was employed by the City on October 26,
1987, 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 $44,398 per year over the past
five years, the formula for computing regular pensions, and Mr. Thomas's selection of the Life
Annuity, this pension will be approximately $22,114 annually.
Gordon Yaudes, Fire Assistant 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
November 1, 2003. Based on an average salary of approximately $68,456 per year over the past
five years, the formula for computing regular pensions, and Mr. Yaudes's selection of the 750/0
Joint & Survivor Annuity, this pension will be approximately $50,494 annually.
The Pension Advisory Committee approved these pensions on November 13, 2003. 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. Section 2.393 also (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 Fire Assistant Chief as meeting the hazardous duty criteria. It also provides
for early retirement for hazardous duty employees at age 55 %vith at least ten years of service.
Mr. Thomas qualifies for hazardous duty early retirement. Mr. Yaudes qualifies under the
hazardous duty criteria
Orioinatincl: Human Resources
Section Consent Agenda
Cate Other
Public Hearing: No
Financial Information:
Type: Other
Bid Required? No
Bid Exceptions:
Impractical to Bid
Review Approval
City Co m mission
Cleanvater a
Agenda Cover Memorandum
CvndiP Goudeau 12-04-2003 14:14:35
Garrv Bnimhack 12-04-2003 11:36:23
Bill Horne 12-04-2003 13:50:39
City Commission
Clearwater
Agenda Cover Memorandum
Tracking Number: 313
Actual Date: 12/18/2003
Subject / Recommendation:
Approve the expenditure of $400 for membership in the Florida Public Pension Trustees
Association.
Summary:
This item is for the Pension Trustee meeting.
The Florida Public Pension Trustees Association (FPPTA) is a non-profit organization that is
dedicated to the goal of educating public pension trustees.
FPPTA holds two schools and one conference a year.
The plan's pension attorney, Klausner & Kaufman is very active in FPPTA.
As staff becomes aware of other similar organizations that are of benefit to the Pension Plan,
authorization to join the organization(s) will be brought forward for Trustee approval.
Originating: Finance
Section. Consent Agenda
Category: Other
Public Hearing: No
Financial Information:
Vie: Operating Expenditure
Bid Required? No
Bid Exceptions:
Less than $2,500
In Current Year Budget?
Yes
B use t_ A d i u s t me =
No
Current Year Cost:
$400.00
For Fiscal Year:
10/01/2003 to 09/30/2004
t City Co m mission
01 Clearwater;
v..?v Agenda Cover Memorandum
Total Cost:
$400.00
Appropriations Code Amount Appropriations Comment
646-07410-557100-585-000 $400.00
Review Approval
MarniP Simmons 11-25-2003 14:49:57
Cvndie Goudeau 12-04-2003 14:41:41
Bill Horne 12-04-2003 14:03:42
Tina Wilsnn 12-04-2003 10:30:19
Garrv Brumback 12-04-2003 11:29:02