07/15/1996 (2)
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PENSION
(TRUSTEES)
. Board of Trustees of the Employees'
Pension Fund
Minutes
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TRUSTEES OF THE EMPLOYEESt PENSION FUND MEETIN(1
July 15, 1996
The City Commission, meeting as the Board of Trustees of the Employees' Pension
Fund, met in regular session at City Hall, Monday, July 15, 1996 at 9:06 A.M., with the
foflowing members present:
Rita Garvey
J. B. Johnson
Robert Clark
Ed Hooper
Karen Seel
Chairperson
Trustee
Trustee
Trustee
Trustee
Also Present were:
, Elizabeth M. Deptula
Pamela K. Akin
Cynthia E. Goudeau
City Manager
City Attorney
City Clerk
ITEM #2 ~ Minutes:
Q
Trustee Clark moved to approve the minutes of the June 17, 1996, meeting. The
motIon was dUly seconded and carried unanimously.
ITEM #3 ~ Request for Acceptance into Membership:
, ,The City Manager presented the recommendation of the Pension Advisory
Committee to approve membership for the employee(s) listed below:
a) Andrew Blauvelt
b) Kevin Cobb
c) James Gearhart
d) Fred Grunden
e) Robyn Haywood
f) Michael Jordan
g) Michael Laterza
h) Richard Lovely
i) Stephen Miller
j) Kevin O'Connor
kl Marvin Pettingill
I) Mark Plyler
m) Debra Reid
n) David Sopko
0) Larry Williams
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Trustee Johnson moved to accept the recommendation of the Pension Advisory
Committee. The motion was duly seconded and carried unanimously.
ITEM #4 - ReQuest for Pension:
The City Manager presented the recommendation of the Pension Advisory
Committee that Althea Andersen be granted a regular pension under Section(s) 2.393 and
2.397 of the Employees' Pension Plan.
Althea Andersen was employed on June 6, 1972, and her pension service credit is
effective on that date. Her retirement will be effective on May 1, 1997.
Ms. Andersen's pension was approved by the PAC on June 13, 1996. Section
2.393 (p) defines normal retirement date as when a participant reaches age 55 and has
completed twenty years of credited service or when the participant has completed thirty
years of credited service regardless of age. Ms. Andersen is eligible under the age 55 and
twenty years of service criteria.
Trustee Clark moved to accept the recommendation of the Pension Advisory
Committee. The motion was duly seconded and carried unanimously.
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ITEM #5 - ReQuest for Pension:
The City Manager presented the recommendation of the Pension Advisory
Committee that Roy C. Sattinger be granted a regular pension under Section{s) 2.393 and
2.397 of the Employees' Pension Plan.
Roy C. Settinger was employed on October 29, 1973, and his pension service credit
is effective on April 30, 1974. At the time of Mr. Sattinger's employment, pension
deductions for employees were not immediately commenced. SUbsequently, when
employees were provided an opportunity to make up pension contributions, he did not elect
to do so. His retirement will be effective on July 1. 1 997.
Mr. Sattinger's pension was approved by the PAC on June 13, 1996. Section 2.393
(p) defines normal retirement date as when a participant reaches age 55 and has completed
twenty years of credited service or when the participant has completed thirty years of
credited service regardless of age. Mr. Sattinger is eligible under the age 55 and twenty
years of service criteria.
Trustee Johnson moved to accept the recommendation of the Pension Advisory
Committee. The motion was duly seconded and carried unanimously.
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,., ITEM #6 - Request for Pension:
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The City Manager presented the recommendation of the Pension' Advisory
Committee that Basil W. Reid be granted a regular pension under Section(s} 2.393 and
2.397 of the Employees' Pension Plan.
Basil W. Reid was employed on June 20, 1977, and his pension service credit is
etfec'dve on that date. His retirement will be effective on July 1, 1997.
Mr. Reid's pension was approved by the PAC on June 13, 1996. Section 2.393 (p)
defines normal retirement date as when a participant reaches age 55 and has completed
twenty years of credited service or when the participant has completed thirty years of
credited service regardless of age. Mr. Reid is eligible under the age 55 and twenty years
of service criteria.
Trustee Seel moved to accept the recommendation of the Pension Advisory
Committee. The motion was duly seconded and carried unanimously.
ITEM #7 - Request for Pension:
The City Manager presented the recommendation of the Pension Advisory
Committee that Dennis L. Angelo be granted a regular pension under Section(s) 2.393 and
2.397 of the Employees' Pension Plan.
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t ,'1r1J Dennis L. Angelo was employed on April 8, 1974, and his pension service credit is
effective on that date. His retirement will be effective on August 1, 1996.
Mr. Angelo's pension was approved by the PAC on June 13, 1996. 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.
Trustee Hooper moved to accept the recommendation of the Pension Advisory
Committee. The motion was duly seconded and carried unanimously.
ITEM #8 - Request To Vest Pension:
The City Manager presented the recommendation of the Pension Advisory
Committee to approve the request of Carolyn Carrasquillo to vest her pension under
Section{sJ 2.397 and 2.398 of the Employees' Pension Plan.
Carolyn Carrasquillo was employed on June 19, 1978, and her pension service
credit is effective on that date. Ms. Carrasquillo resigned from City employment effective
July 5, 1996. As of her resignation, she had approximately 18 years of service and
pension participation.
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The Employees' Pension Plan provides that should an employee cease to be an
, employee of the City of Clearwater after completing 10 or more years of creditable service
(pension participation), then such employee shall acquire a vested interest in the retirement
benefits. Vested pension payments commence at the time the employee normally would
have been eligible for retirement. Ms. Carrasquillo would have completed 20 years of
service on June 19, 1998, in a hazardous duty position. Her request to vest her pension
was approved by the PAC on June 13, 1996, and will be effective July 1, 1998.
Trustee See I moved to accept the recommendation of the Pension Advisory
Committee. The motion was dUly seconded and carried unanimously:
ITEM #9 - Other Business:
Trustee Hooper questioned if the Trustees had directed that all calculations
regarding pensions to be granted no longer be included in the information provided. He
thought only the calculations for estimated total payout and present value were to be
discontinued.
Consensus was for the monthly and annual payments to be included in the
background on pension items.
ITEM #10 - Adjournment: - 9:10 a.m.
ATTEST:~ ie. ti "rSlo.. _
, i City Clerk
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