06/14/1999 (2)
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PENSION
(TRUSTEES)
: . Board of Trustees of the Employees'
Pension Fund
Minutes
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ACTION AGENDA
Board of Trustees of ' the Employees' Pension Fund
June 14, 1 999
1 .
Call to Order - 1 :11 p.m.
, , ' 2. Approval of Minutes: 6/1/99 - Approved as submitted.
3. ,Request for acceptance into membership: Johnnie Allen, Robert Scott, Amy Mobley,
Micha,el Tennell, Amy Ruscher, Larry Labus, Gary L. Jones, Robert Defrez, Nicole
Elmore, Scott Smith, Tracy Jaeger, Christine Burg, Cherise Sarnoff, & Donald Fleming
". - Approved.
4. Regular Pensions to be granted: Rosavelt Parker, James R. Davis, & Jean. Strandlie -
Approved. .
5. Other Business - None..
'/
6. Adjourn - 1 :13 p.m.
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TRUSTEES OF THE EMPLOYEES. PENSION FUND MEETING
CITY OF CLEARWATER
June 14, 1999
Present:
Brian J. Aungst
Ed Hooper
J. 8. Johnson
Robert Clark
Ed Hart
Chair
Vice-ChairlTrustee
Trustee
Trustee
Trustee
,Also Present: Michael J. Roberto
Pamela K. Akin
Cynthia E. Goudeau
Patricia O. Sullivan
City Manager ,
City Attorney
City Clerk
Board Reporter
The Chair called the meeting to order at 1: 11 p.m. at City Hall.
To provide continuity for research, items are in agenda order although not necessarily
discussed!n that order.
ITEM #2 - Approval of Minutes
.0
Trustee Johnson moved to approve the minutes of the June 1, 1999, meeting, as
recorded and submitted in written summation by the City Clerk to' each Trustee. The
motion was duly seconded and carried unanimously.,
ITEM #3 - Reauest for Acceptance into Membership
The City Manager presented the recommendation of the Pension Advisory
Committee to approve membership for the employees listed below:
Johnnie Allen
Robert Scott
Amy Mobley
Michael Tennell
Amy Ruscher'
Larry Labus
Gary L. Jones
Robert Defrez
Nicole Elmore
Scott Smith
Tracy Jaeger
Christine Burg
Cher,ise Sarnoff,
Donald Fleming
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06/14/99
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Trustee Hooper 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 Rosavelt Parker, James R. Davis, and Jean Strandlie be granted a regular
pensions under Section(s) 2.393 and 2.397 of the Employees' Pension Plan.
Rosavelt Parker was employed on September 24, 1973, and his pension service
credit is effective on March 25, 1974. His pension will be effective May 1, 1999. Based
on an average salary of approximately $34,976 per year over the past five years, the
formula for computing regular pensions, and Mr. Parker's selection of the Joint & Survivor
Annuity, this pension will approximate $24,142 annually.
James R. Davis was employed on June 16, 1972, and his pension service credit is
effective on December 16, 1972. His pension will be effective July 1, 1999. Based on an
average salary of approximately $32,613 per year over the past five years, the formula for
computing regular pensions, and Mr. Davis' selection of the 1qO% Joint & Survivor
Annuity, this pension will approximate $22,933 annually.
Jean Strandlie was employed on April 1, 1968, and her pension service credit is
effective on October 1, 1968. Her pension will be effective December 1, 1999. Based on
an average salary of approximately $ 31,184 per year over the past five years, the formula
for computing regular pensions, and Ms. Strandlie's selection of the 10-Year Certain & Life
Annuity, this pension will approximate $29,153 annually.
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. Parker and Mr. Davis qualify under the age 55 and 20 years
of service criteria. Ms. Strandlie qualifies under both criteria. The PAC (Pension Advisory
Committee recommended approval on May 13, 1999.
Trustee Clark moved to accept the recommendation of the Pension Advisory
Committee. The motion was duly seconded and carried unanimously.
ITEM #5 - Other Business - None.
ITEM #6 - Adiournment
The meeting adjourned at 1: 13 p.m.
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ATTEST:qrh1~[' !i~ [JDo
City Clerk
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