08/13/1984
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TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING
August 13, 1984
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The City Commission, meeting as the Board of Trustees of the
Employees' Pension Fund, met in regular session at the City Hall, Monday,
August 13, 1984 at 1:00 p.m. with the following members present:
Kathleen Kelly
Rita Garvey
James Calderbank
James Berfie Id
William Justice
Mayor/Commissioner
Vice Mayor/Commissioner
Commissioner
Commissioner
Commissioner
Also present were:
Anthony L. Shoemaker
Thomas A. Bustin
Cyndie Goudeau
City Manager
City Attorney
Assistant City Clerk
The Mayor called the meeting to order.
ITEM 02 Minutes -
the July 30, 1984
unanimously.
Commissioner Garvey moved to approve ,the minutes of
meeting. Motion was duly seconded and carried
ITEM 13 - Recommendations of the Pension Advisory Committee.
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a. Request for Acceptance into Membership.
The City Manager
Committee to approve
Name
presented the
membership Cor nine
Classification
recommendation of the Advisory
(9) employees listed below:
Department
Eric Trogdon
James Battle
Steve Suggs
Donald Hall
Richard Hester
Thomas Dennis
Charles Hammon
David Rieumont
Kathleen Chase
Gary Lutman
Naturalist
Maintenance Worker I
Maintenance Worker I
Police Recruit
Police Recruit
Police Recruit
Maintenance Worker I
Police Recruit
Accounting Clerk II
Motor Pool Trainee
Parks
Parks
&
&
Parks &
Police
Police
Police
Parks & Recreation
Police
Police
CS - Motor Pool
Recreation
Recreation
Recreation
Commissioner Justice moved to accept the recommendation of the
Advisory Committee. Motion was duly seconded and carried
unanimously.
3b(1). Request for Pensions to be Granted.
(3
The City Manager presented the recommendation of the Advisory
Committee, General Employees' Pension Fund that the employees listed
below be granted Employee Retirement Pension, according to Code
Section 26.49 Vesting of Pension Rights.
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Lawrence D. Dean, Firefighter, Fire Department, effective April
8, 1994, in the amount of $442.76 per month.
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John G. Flynn, Dispatcher, Police Department, effective
February 8, 1990, in the amount of $547.09 per month.
Michael J. Arata, Jr., Fire Lieutenant, Fire Department,
eCfective August 27, 1993, in the amount of $427.58 per month.
Commissioner Garvey moved to accept the recommendation of the
Advisory Committee. Motion was duly seconded and carried
unanimously.
3b(2). Request for Pensions to be Granted.
The City Manager presented the recommendation of the Advisory
Committee, General Employees' Pension Fund that the employees listed
below be granted Employee Retirement Pension, according to Code
Section 26.49 Vesting of Pension Rights.
William F. Bryant, Fire Lieutenant, rire Department, effective
March 13, 1987 in the amount of $414.00 per month.
Thomas A. Ellis, Police Officer, Police Department, effective
June 17, 1988 in the amount of $369.55 per month.
These two individuals were previously approved by the Trustees
but the amounts were not included at that time.
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Commissioner Garvey moved to accept the recommendation of the
Advisory Committee. Motion was duly seconded and carried
unanimously.
ITEM Ul4
Bank.
Approval of Investment Agreement with Florida National
The City of Clearwater Employees' Pension Fund has worked with
Exchange Bank of Tampa. Among the services which they provided are
Investment Management of Fixed Income Securities, Custody and Record
Keeping of all pension rund assets, Equity Manager Evaluation and
Selection, and general advice on pension investments. In 1983,
Exchange Bank of Tampa was purchased by NCNB. As a result of the
takeover, virtually all of the individuals who were instrumental in
serving the city have relocated to other banks.
The proposal from Florida National Bank is the result of
extensive negotiations with John Willoughby and Arvel Gschwend, of
Florida National Bank (both of whom were Cormerly with Exchange
Bank). The rates quoted are exactly the same as the current NCNB
rates and are substantially below market rates for similar investment
services. This agreement will enable the city to retain the expertise
of two of its most trusted investment advisors at the same time as
we maintain our association with NCNB at no additional cost.
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8/13/84
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