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,PENSION
(TRUSTEES)
Board of Trustees of the Employees'
Pension Fund
Minutes
III
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ACTION AGENDA
Board of Trustees of the Employeest Pension Fund
December 6, 1999 ~ 9:00 A.M.
1 . Call to Order ~ 10:45 8.m.
2. Approval of Minutes: 11/15/99 ~ Approved as submitted.
3. Request for acceptance into membership: Patricia Post, Marlon Mitchell, Andrew
Hawkins,' Julie Wykoff, David Powers, Pamela Bedford, Scott Kurleman, Robert Perry,
Claire Knafta, Dragoljub Vitkovic, Melissa' Jackson, Louis Pirman, Bruce Vendetti, &
Richard Zeron ~ Approved.
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4. Regular Pension to be granted: James Marshall ~ Approved.
5. Pensions to be vested:, Raymond G. Kaval & Michael Schaffner ~ Approved.
6. Request to Waive vested pension rights: Sabrina Chute & Cindi Juster ~ Appro~ed.
7. Request to buy back previous pension service credit: Oarold Brink ~ Continued.
8. Other Business - None.
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9. Adjourn ~ 10:37 a.m.
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TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING
CITY OF CLEARWATER
December 6, 1999
Present:
Brian J. Aungst
Ed Hooper
J. B. Johnson
Robert Clark
Ed Hart
Chair
Vice-ChairlTrustee
Trustee
Trustee
Trustee
Also present: Michael J. Roberto
Pamela K. Akin
Lee Dehner
Paul O'Rourke
Cynthia E. Goudeau
Patricia O. Sullivan
City Manager
City Attorney
Pension Trustees Attorney
Human Resources Administrator
City Clerk
Board Reporter
The Chair called the meeting to order at 10:45 a.m. at City Hall.
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To provide continuity for research. items are in agenda order although not necessarily
discussed in that order.
ITEM #2 - Aooroval of Minutes:
Trustee Johnson moved to approve the minutes of the November 15, 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 Acceotance into Membershio:
The City Manager presented the recommendation of the Pension Advisory
Committee to approve membership for the employees listed below:
Patricia Post, Marlon Mitchell, Andrew Hawkins, Julie Wykoff, David Powers, Pamela
Bedford. Scott Kurleman, Robert Perry, Claire Knatla, Dragoljub Vitkovic, Melissa Jackson,
Louis Pirman, Bruce Vendetti, & Richard Zeron
Trustee Hooper moved to accept the recommendation of the Pension Advisory
Committee. The motion was duly seconded and carried unanimously.
ITEM #4 - Reouest for Pension:
The City Manager presented the PAC (Pension Advisory Committee)
recommendation that James Marshall be granted a regular pension under Section(s) 2.393
and 2.397 of the Employees' Pension Plan.
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James Marshall was employed on June 11, 1979, and his pension service credit is
effective on that date. His pension will be effective November 1, 1999.
On November 9, 1999, the PAC approved this pension. Section 2.393 (p) provides
for normal retirement eligibility when a participant has reached age 55 and completed 20
years of credited service or has completed 30 years of credited service. Mr. Marshall
qualifies under the age 55 and 20 years of service criteria. Based on an average yearly
salary of approximately $39,445 over the past 5 years, the formula for computing regular
. pensions, and Mr. Marshall's selection of the 100% Joint & Survivor Annuity, this pension
will approximate $21,607 annually.
Trustee Johnson moved to accept the recommendation of the Pension Advisory
Committee. The motion was duly seconded and carried unanimously.
ITEM #5 - Request to Vest Pension:
The City Manager presented the recommendation of the Pension Advisory
Committee that Raymond G. Kaval & Michael Schaffner be allowed to vast their pension
under Section(s) 2.397 and 2.398 of the Employees' Pension Plan.
Raymond G. Kaval was employed on October 26, 1987, and his pension service
credit is effective on November 16, 1989. Michael Schaffner was employed on December
8, 1986, and his pension service credit is effective on that date.
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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
lpension participation), then such employee shall acquire a vested interest in the retirement
benefits. Vested pension payments commence on the first of the month following the
month in which the employee normally would have been eligible for retirement.
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Mr. Kaval will have completed at least 10 years of service and reached age 65 on
May 15, 2001. His pension will be effective June 1, 2001. Mr. Schaffner would have
completed at least 20 years of service as a Police Officer on December 8, 2006. His
pension will be effective January 1, 2007. The PAC approved these requests on NOVEmber
9, 1999.
Trustee Hooper moved to accept the recommendation of the Pension Advisory
Committee. The motion was duly seconded and carried unanimously.
ITEM #6 - ReQuest to waive vested pension riQhts: Sabrina Chute & Cindi Juster
Sabrina Chute, Network Support Technician II, Information Technology Department,
was employed by the City from December 12, 1988, to December 14, 1998.
Cindi Juster, Administrative Analyst, General Support Services Department, was
employed by the City from March 21, 1988, to August 12, 1999.
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The PAC and Pension Trustees approved their formal requests to vest their
pensions. On October 11, 1999, Ms. Chute withdrew her resignation and returned to City
employment full~time. On October 25, 1999, Ms. Juster withdrew her resignation and
returned to City employment full-time.
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Ms. Chute's eligibility date will be advanced by 300 days. Ms. Juster's eligibility
date will be advanced by 73 days. Since they had vested their pensions upon resignation,
they request that thair previous vested pension' rights be waived. The PAC approved the
request on November 9, 1999. Upon approval by the Trustees, Ms. Chute's original
pension eligibility date will be adjusted to October 8, 1989. Ms. Juster's original pension
eligibility date will.be a~justed to June 2, 1988.
Trustee Johnson moved to allow Sabrina Chute and Cindi Juster to waive their
vested pension rights as approved by the PAC. The motion was duly seconded and carried
unanimously
ITEM #7 - Request to buy back previous pension service credit: DarolrJ Brink
Human Resources Administrator Paul O'Rourke requested this item be tabled.
Pension Plan attorney Lee Dehner is writing an opinion regarding benefit and pension issues
related to permanent part-time employees who have worked full-time.
Trustee Johnson moved to continue Item #7. The motion was duly seconded and,
carried unanimously.
ITEM #8 - Other Business - None.
ITEM #9 - Adiournment:
The meeting adjourned at 10:47 a.m.
ATTEST:
L ~.fl.JJo.
City Clerk
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