02-17-2004AGENDA
PENSION
TRUSTEES
02/ 17/04
AGENDA
Board of Trustees of the Employees' Pension Fund
February 17, 2004 - 9:00 a.m.
1 - Call to Order
2 - Approval of Minutes: January 12, 2004
3. Regular Pension(s) to be granted: William Bara, Charles McPherson, and Godfrey Howell,
4. Elizabeth Maltas, on behalf of the minor children of Robert Maltas, Public Utilities
Department, be granted a death benefit under Section 2.397 of the Employees' Pension
Plan as approved by the Pension Advisory Committee.
5. Other Business
6. Adjourn
Pffn,.:s'i c) n 3
City Commission
Cleanvater
Agenda Cover Memorandum
Tracking Number: 415 Actual Date: 02/19/2004
Subject Recommendation:
William Bara, Police Officer, Police Department; Charles McPherson, Recreation Leader, Parks
and Recreations Department; and Godfrey Howell, Public Utilities Coordinator, Public Utilities
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.
Summary:
William Bara, Police Officer, Police Department, was employed by the City on August 20, 1979,
and his pension service credit is effective on that date. His pension will be effective January 1,
2004. Based on an average salary of approximately $55,736 per year over the past five years,
the formula for computing regular pensions, and Mr. Bara's selection of the 100% Joint &
Survivor Annuity, this pension will be approximately $36,556 annually.
Charles McPherson, Recreation Leader, Parks and Recreation Department, was employed by the
City on November 1, 1982, and his pension service credit is effective on that date. His pension
will be effective January 1, 2004. Based on an average salary of approximately $26,032 per year
over the past five years, the formula for computing regular pensions, and Mr. McPherson's
selection of the 100% Joint & Survivor Annuity, this pension will be approximately $14,133
annually.
Godfrey C. Howell, Public Utilities Coordinator, Public Utilities Department, was employed by the
City on July 7, 1980, and his pension service credit is effective on that date. His pension will be
effective January 1, 2005. Based on an average salary of approximately $56,462 per year over
the past five years, the formula for computing regular pensions, and Mr. Howell's selection of the
Joint & Survivor Annuity, this pension will be approximately $38,015 annually.
The Pension Advisory Committee approved these pensions on January 8, 2004. 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 Police Officer as meeting the hazardous duty criteria. Mr.
Bara qualifies under the hazardous duty criteria. Mr. McPherson and Mr. Howell qualify under
the 20 years of service and age 55 criteria.
Ori inatin _ Human Resources
Section Consent Agenda
Category: Other
User De artment: Budget Office
Public Hearing: No
Financial Inform ation:
Type: Other
City Commission
Clearwater
Agenda Cover Memorandum
Review Approval
Cvndie Goudeau .02-09-2004 15:29:53
Garrv Brumhack 02-05-2004 16:58:00
Bill Horne 02-09-2004 15:22:03
pens-I on 4
Clearwater C i t y C o m m i s s i o n
Agenda Cover Memorandum
Tracking Number: 416 Actual Date: 02/19/2004
Subject Recommendation:
Elizabeth Maltas, on behalf of the minor children of Robert Maltas, Public Utilities Department, be
granted a death benefit under Section 2.397 of the Employees' Pension Plan as approved by the
Pension Advisory Committee.
Summary-
Robert Maltas, Public Utilities Technician II, Public Services Department, was employed by the
City on March 9, 1990, and his pension service credit was effective on that date. Mr. Maltas
passed away on December 15, 2003.
Elizabeth Maltas applied for death benefits on behalf of his minor children on December 22,
2003. Ms. Maltas' request on behalf of the minor children for death benefits was approved by
the Pension Advisory Committee on January 8, 2004. The amount of the pension will be
computed by the Finance Department at a later date.
This pension will be effective January 1, 2004. Based on an average salary of approximately
$41,510 per year over the past five years, this pension will approximate $16,848 annually.
Ori inating_ Human Resources
Section Consent Agenda
Category: Other
User Department: Budget Office
Public Hearing: No
financial Infnrm atinn:
Type: Other
Review Approval
Cvndie Goudeau
Garrv Rriimhark
Bill Horne
02-09-2004 15:25:15
02-05-2004 16:57:14
02-09-2004 15:08:50