Loading...
03/16/1998 (2) , it l. .' "I . . . .' '" " ; . ;.-- ~ )- l . . .. . . 1 · PENSION '. .. · . . . (TRUSTEES) {:..' >.'. ',. '. ':'. Board of Trustees of the Employees' Pension Fund . . Minutes . . . . . "Date '.J ,. 00/6 . ~.~~~""'~':'-' .... ,.._. ,. .". T..' ....._..n~. ~ . ,,.1;10"' u.' c r_~....,..,_,....,.. ......j'.'.~~;.. ",. ~-'-l , .:, 'J; .. .' .'," 0.' , .. .. ..'. ,., '.F . , < ~ I '. ; '. ,,'.1," : 'I ,I ';. " -:'.i.'-.. ',' ~ . ....)./. . . ~.' .. ., ,.-.:,. . < '. -. ~ . ; ~ . T 1. . : .' ,. ..' ~. ~: . . \ ~ , . :~(('.. . ~ TRUSTEES OF TUE EMPLOYEES' PENSION FUND MEETING CITY OF CLEARWATER March 16, 1998 Present: J. 8. Johnson Robert Clark Karen Seel Michael J. Roberto Pamela K. Akin Cynthia E. Goudeau Brenda Moses Vice-ChairlTrustee Trustee Trustee City Manager City Attorney City Clerk Board Reporter Absent: Rita Garvey Ed Hooper . Chair Trustee The Vice-Crair called the meeting to order at 9:20 a.m. at City Hall. To provide continuity for research, items are in agenda ardor although ~ot necessarily discussed in that order. ITEM #2 - Aooroval of Minutes ~ Trustee Seel moved to approve the minutes of the February 2, 1998, meeting, as corrected b'y the City Clerk to each Trustee. The motion was duly seconded and carried unanimously. . ITEM #3 - Reauest for Acceotance into Membershil:1: \ The City Manager presented the recommendation of the Pension Advisory Committee to approve membership for the employee(s) listed below: a) Robert Jones b) Deborah Weitzel c) Damian Leffler d) Ken Sides eJ Kathleen Bedini f) Daniel Parri g) David Hinves h) Mark Slimer i) John C. Connor . j) Stephen M. Meeker k) Kris M. Wise I} Troy Alexander m) Derrick L. Bullard n) Suzanne H. Sobkowiak 0) Usa M. Enger p) Keisha N. Bradley :) mpf0398 1 03/16/98 ~ ,.,.., q) Philip Morrison r) Stephen T. Wannos s) Nancy M. Steiner t) Mary L. Burns u) Dino Roumanis v) Russell Dunning Trustee Clark moved to accept the recommendation of the Pension Advisory Committee. The motion was duly seconded and carried unanimously. ITEM #4 - Reauest for Pension: The City Manager presented the recommendation of the Pension Advisory Committee that Paul Maser be granted a regular pension under Section(s) 2.393 and 2.397 of the Employees' Pension Plan. Paul Maser was employed on October 28. 1974. and his pension service credit is effective' that date. His pension will be effective on February 1, 1 999. r.}~ ~1~~ Mr. Maser's pension was approved by the PAC on February 12, 1998. 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 Deputy Police Chief as meeting the hazardous duty criteria. Based on an average salary of approximately $64,908 per year over the past five years, the formula for computing regular pensions, and Mr. Maser's selection of the 100% Joint & Survivor Annuity, this pension will approximate $42,809 annually. Trustee Seel moved to accept the recommendation of the Pension Advisory Committee. The motion was duly secondfld and carried unanimously. ITEM #5 - Informational only: Job~Connected Disabilitv Pension approved for James Cheatum bv PAC At its meeting of February 12, 1998, the PAC approved a job-connected disability pension for James Cheatum. Pursuant to Section 2.394(e)( 1 HG) and 2.397(c)(2) of Ordinance #5890-95, the' PAC is authorized to investigate and determine the eligibility of participants for disability pension and to grant final approval. Mr. Cheatum was employed on October 13, 1980, and began participating in the Pension Plan on June 15, 1989. His resignation date Is to be determined at a later date upon expiration of his benefits. . ~ mpf0398 2. 03/16/98 1 I I I I 1 \ I ~~ ~ l~. =.:.: .' , ~ Mr. Cheatum's pension was approved by the PAC based on his disability which is described as a back and foot injury. Under procedures established by the PAC for disability pensions, Mr. Cheatum submitted letters form two doctors, was sent for an independent medical evaluation (IME), and had a functional capacity evaluation. Dr. Gary Moskovitz states, I'I do not see him being able to return to work to his previous occupation." Dr. Bolhofner states, "he is capable of sedentary duty." Since submitting his original application, Mr. Cheatum has been declared totally and permanently disabled by Workers' Compensation. Based on an average salary of approximately $34,512 per year over the past five years, the formula for computing job-connected disability pensions, and Mr. Cheatum's selection of the 100% Joint & Survivor Annuity, this pension will approximate $23,008 annually. Trustee Clark moved to approve the information received. The motion was duly seconded and carried unanimously. ATTEST: ... "JJ [J. Q_ (.,.~ ~ City Clerk - i i , I I I I I ITEM #6 - Other Business: Trustee Clark reported in the future when accepting memberships, background will inClude information regarding impact in terms of Full Time Equivalents (FTEs). ITEM #7 - Adiournment: ,.t,;11,\ t~ The meeting adjourned at 9:23 a.m. w mpf0398 3 03/16/98