07/14/1997 (2)
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.. PENSION
. (TRUSTEES)
, Board of Trustees of the Employees'
Pension Fund
II Minutes
Date'
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ACTION AGENDA
Board of Trustees of the Employees' Pension Fund
July 14, 1997
,I
1 . Call to 'order
2, Approval of Minutes: 6/16/97
3. Request for acceptance
into membership:
a) Cheryl Wood
b) George Wight
c) Susan Sigler
" d) Leonard Melanson
e) James Mehr, Jr.
f) Robert Mazzei
g) Jay Holsombach
h) Jeffrey Harrington,
j) Paul Bosco ,
j) Vincent Hawkes
k) Douglas Munson, Jr.
I) Lisa Hoffman
'0 m) Earnest Lanter
n) Jennifer Mills
0) Melina Owens
p) Morgan Wick
q) Julie Ann Schultz
r) Roger Latkin
5) Steven Goodloe
t) Christina Claus
, , Regular Pension to be granted:
4.
William Shepard
5. Regular Pension to be granted:
Richard D. Berry
6, Regular Pension to be granted:
William L. Goatcher
7, Other Business:
8. Adjournment:
1,1:14p,m,
2. Approved as submitted.
3. Approved.
4, Granted.
5, Granted,
6, Granted,
7. None.
8. '1:15 p,m,
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TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING
July 14, 1997
The City Commission of the City of Clearwater, meeting as the Board of Trustees of
the Employees' Pension Fund, met in regular session at City Hall, Monday, July 14, 1997
at 1 :14 P.M., with the following members present:
Rita Garvey
J. B. Johnson
Robert Clark
Karen Seel
Michael J, Roberto
Pamela K. Akin
Cynthia E, Goudeau
Chairperson
Trustee
Trustee
Trustee ,
City Manager
City Attorney
City Clerk
Absent:
Ed Hooper
Trustee
ITEM #2 - Minutes:
Trustee Seel moved to approve the minutes of the June 16, 1997, meeting. The
motion was duly seconded and carried unanimously.
c,
ITEM #3 - Reauest for Acceotance into Membershio:
The City Manager presented the recommendation of the Pension Advisory
Committee to approve membership for the employee(s) listed below:
a) Cheryl Wood
b) George Wight
,c) Susan Sigler
d) J-eonard Melanson
e) James Mahr, Jr.
f) Robert Mazzei
g) Jay Holsombach'
h) Jeffrey Harrington
i) Paul Bosco
j) Vincent Hawkes
k) Douglas Munson, Jr.
I) Lisa Hoffman
m) Earnest Lanter
n) Jennifer Mills
0) Melina Owens
p) Morgan Wick
q) Julie Ann Schultz
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r) Roger Latkin
s) Steven Goodloe
t) Christina Claus
Trustee Seel 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 William J, Shepard be granted a regular pension under Section(s) 2,393
and 2.397 of the Employees' Pension Plan,
William J, Shepard was employed on April 2, 1962, and his pension service credit is
effective on that date. His pension will be effective on July 1, 1998.
Mr, Shepard's pension was approved by the PAC on June 12, 1997, Section 2,393
(p) provides for normal retirement eligibility when a participant has reached age 55 and
completed twenty years of credited service or has completed thirty years of credited
service, Mr. Shepard qualifies under both criteria.
Based on an average salary of approximately $48,954 per year over the past five
years, the formula for computing reg\Jlar pensions, and Mr. Shepard's selection of the
f~ 100% Joint & Survivor Annuity, this pension will approximate $47,285 annually.
Trustee Seel moved to accept the recommendation of the Pension Advisory
Committee. The motion was duly seconded and carried unanimously.
ITEM #5 - Request for Pension:
The City Manager presented the recommendation of the Pension Advisory
Committee that Richard D. Berry be granted a regular pension under Section(s) 2,393 and
2.397 of the Employees' Pension Plan.
Richard D. Beery was employed on November 4, 1974, and his pension service
credit is effective on May 4, 1975, His pension will be effective on July 1, 1998,
Mr. Berry's pension was approved by the PAC on June 12, 1997. 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 hhazardous duty" and further
specifically defines service as a Police Officer as meeting the hazardous duty criteria.
Based on an average salary of approximately $62,511 per year over the past five
years, the formula for computing regular pensions, and Mr, Berry's selection of the life
Annuity, this pension will approximate $42,967 annually.
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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 #6 - Reauest for Pension:
The City Manager presented the recommendation of the Pension Advisory
Committee that William L. Goatcher be granted a regular pension under Section(s) 2.393
and 2,397 of the Employees' Pension Plan,
William L. Goatcher was employed on January 7, 1974, and his pension service
credit is effective on * January 7, 1974, His pension will be effective on November 1,
1997.
Mr, Goatcher's pension was approved by the PAC on June 12, 1997. 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 Lieutenant as meeting the hazardous duty criteria,
Based on an average salary of approximately $55,894 per year over the past five
years, the formula for computing regular pensions, and Mr, Goatcher's selection of the
100% Joint & Survivor Annuity, this pension will approximate $35,623 annually.
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Trustee See I moved to accept the recommendation of the Pension Advisory
Committee, The motion was duly seconded and carried unanimously.
ITEM #7 - Other Business: - None.
ITEM #8 - Adjournment:
The meeting adjourned at 1: 15 p.m.
.scrivener's error, correct date now reflected,
ATTEST: rJ~ E..JJ& d2P~
~y Clerk
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