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April 11, 2002 , Present: Wi�itney Gray. � Vice C�airlCommissianer � � � � ;lohr� Lee Committe� Merrtber � � � JoF�n Schmalzbauer Commi#tee Member � . Tom Jensen Committee Membar . Hoyt I',. Hamiltan Cvmmittee Member/Corrimissioner Frank Mibbard Cammittee MemberlCommissioner , Absent: Fmpt�► Seat � Committee Member � . Also Present: Pau! 0'Rourke Human Resources D9rect�r ' Sco#t Christiansen Per�sian Advisary Committee Attorney t . , Margie 5immons Finance Director � - Patricia O. Sullivan Board Reporter The C#�air caEled the meeting #o order at 9:00 a.m. at.City Ha11. � To pravide continuity for researcii, items are in agenda order althoe�gh not � necessariiy disaussed in that arder. . . ITEM #2 — Selectian of 5eventh Member � � � Cons�nsus was ior candidates interested in serving to contact the City CEerk Department. . , ITEM #3 - A roval o# Minutes � � Member Jensen maved to apprave the mi�utes of the reguiar meeting af March � 4, 2002, as r�cardeci and sui�mit#eci in written summation ta each l�oard member. The � motinn was duly seconcied and carried unanimously. IT�M #4 - Emp[a_v_ees to be Heard — None. � IT�M #5 - Action Items � � � � a) Approval af. New Hires as Pension Pian Members As of March 28, 2002, the City nad 17 i 0.15 FTEs o�tt of 1834,7 budgeted . � p�sitions, Jennifer Shaw originally,was�hired as part-time; changed to fuil-time and pensian eligible as af March 9, 2002. .lames Hardin.originally,was hireti as part-time; changed to full-time and pensio�r eligible as of March 9, 2002. Joseph Maak originally was , l�ired as part-time; ahanged to full-time and pension eligible as of March 11, 2002. � , �'� � � . mpac�402 ,� .� ' . ,:{IL . . . ' { � . � '� � , 04l11102 . . �', j 1 , � � � " ,' Member Schmalzbauar m�ved to accept these emplayees into membersF�ip in th� Pension Pl�n: Date of Pensior� Emnlovment �Iig�Date i Pe��y Franco, Staff Assistant Planning &❑ev. SeE•vices 02/25/02 Michael Ker�nedy, Pu�li� Utilities Tech, F'ublic Utilities 02/25/02 Nathan Sergstrom, CAD Technician �ngineering 03/04/02 5catt Boltz, Communications Technician General Support Services 03/11/02 Carlos Bonilla, Parks Service Technician I Parks & Recreation 0�/1 1102 Jennifer Shaw, Library Assistant Library 09/1 �142 James Hardin, Recreation l.eader �arks & Recreation 05/04/92 Joseph Mack, Custodia! Worker L.ifi�rary 12/14/92 Joseph Taylar, Parks Servic� Technician I Parlcs &�iecreation 0311 1!02 Cal�in Peterson�, Field Service Represent. Custom�r Service �311 1102 Michele Bergeron� Police Service Tech. Police Department Q3125102 Melvin Maciolek, Construction Insp�ctor I Put�l�c Sarvices 03/25/02 Ke�i� Richendollar, Parks Servic� Tech, I Parks & Recreation 03/25/02 IT�M �1B — Pendinql Business 02/25/02 �2/25102 �3/�4102 03/11/02 0311 1102 03/09/02 03/09/02 03/11/02 03/11/02 03/11/02 031L5IO2 03/25/02 03/25/02 aj Edwin C. Feldhaus -- Hearing for Non-job-connec#ed Disability �'ensian Request .,;;,,� . Edwin C. Feldhaus was hired by tF�e City on Octaber 22, � 984, A report from W. �� Dauglas Lazent�y, M.D. indicated on April 21, '�998, Mr. FeEdhaus underwant an operatian � for ventra! hemia re�air and left inguinal hernia rapair. On March 12, 199J, Mr. Feldhaus signed art Action PEan, an ttemized agenda tn put in focus what was required of Mr. . .�eldhat�s to perform his job cammensurate to his classificatian. On J�ly 7 6 ar�d 23 � 999, . PsychatherapESt Steven E. O`Neal, Ph.D., af Professional Psyc�ologica) Services, evaluated Mr, Feldhaus for f�tness ta retum to duty. Dr. O'Nesf conclucled Mr. Feldhaus is unable tn ���� fulfill the essential fu�ctions of his duties as a Gas Tecf�nician [I and wauld need constant supervisi�n ta perform simple clerical or menial tasks. An August 3, 7999, Edwin C. Feldhaus grak�bed a large, falling, propane tank, tried to steady it, and inj�red his back. A Workers Compensatian report fram �ur Famify Doctors, Darla Broderick, M.D. dated January 18, 2000, indicates Mr. Feldhaus was treated far law bacic pai� and myositis. Other office visits occurred on March 30 and Aprii 6, 2001. Our Family Doctars completad forms: 1) August 3, 1999 - lumbar sprain, so�atric dysfunction - opinion result of Workers' Com�ensation ir�jurylipn�ss that occurred that day - restricted duty may begin on August 4, 1999; 2i August 6, 1999 - I�mbar sprainlstrain - restricted �duxy may begin an August 6, 1999; 31 August� 3, i 999 - sprain, sonatric dysfunctian - restricted duty may begi� an August 13, 1999, 41 August 28, �1999 - restricted duty may begin on August 26, 1999; 5} September 8, 19�9 - restricted duty may begin on September 13, 1999; 6j 5sp#em�er 22 i 999 - fuil duty may begin or� September 22, 1999; 7} 4ctober 22, 1999 - '�✓ � mpac0402 � E 04/� ti /42 6 ,�n�e� sacral sprain, sanatric dysfunction, degenerative disc disease - full duty may begin on ' `.� October 22, 1999; 6� December 7, 1999 - fuli duty may begin an �ecember 7, 1999; 9j Dscerrber 16, 1999 - restricted duty may begiR on Decembar 17, 1999; 10j D�cember 21, 1999 - restricted duty may 6egin an December 21, 1999; 11j Jarivary 4, 2000 - . restricted duty may be�in on Ja�uary 4, 2D00; 12j January 18, 20Q0 �• fuil duty may begin on January � 8, 2000; 13j �ebruary 1, 2000 - restricted duty may begin on February 1, 2000, and 14j �ebruary 16, 2000 - restricted cfuty may b�gin o� F�bruary � 6, 2000. On August 3, 1999, East Bay Diagnos#ic X-Ray performed a lumbar spine survey which suggested very minimum deger�erative cf�anges alang anterior margins afi �.3 and 14, with na signs of recent fracture ar �ther osseaus pa#hology. On Octob�r 13, 1999, a MRI of the lumbar spine iou�d no evidence of a disc herniation. On April 19, 2000, Stenhanie Lynn FenEon, D.O., Internaf Medicine, had an i�itial consultation a planned ta refer Mr. Feldhaus ta Dr. lyer, Chronic Pain Management, for further evaluation and treatment of patient`s law pack pain. Subsequent office visits occurred on July 2�, Octaber 1 1, November 8, 2000, January Z 1, A�rii T 1, anci July 20, 2001. � " On Apri� 25, 2000, Jayam K. lyer, M.D., of Creative Nealth C�nter, hac! an initial consu�tation regarding low back Pain and a sore rigi�t shoulde�. 5ubsequent o�fice visit� occurred on�May S� J�ns 12 and 2�, July 12, 18, and 25, 2000. � ,,� E. Kasper, M.�., of La�Ceside Occupationa! Largo� examined Mr. �eldhaus on �lugust ,�� 21, 200Q, and felt he was not fit to work as a gas tec�hnician at that time, due to the medicatian the patient was o�. �� On Septerr�ber 7, 2000, Michael R. Piaxza, M.D., of Mortan Plant Mease Health Care Diagnastic �maging Center, performed on MRI of Mr. Feldhaus' lumbar spine and determir�ed degenerative disk d9sease changes of the L3-4 Disk. Other office �isits accurred on August 30 and September 29, 2000, � In refierence tn his November 26, 2000, examination af Mr. Feidhaus, Joseph E. Haas, M.D. stated Mr. Fe�cihaus is ahle to perfiorm �is current job of light duty as a Gas Technicia� I1 and should continue an in this status. He shauld not he allowed to drive a vehicle as he copes with stressars by drinking alcohal, Records wero sut�mitted regarding •Mr. Feldhaus` ses5ions with Psychalogist Robert S. Rose, Ph.D, on March 24, April 5, 10, 21, May 5, a�d December 7 4, 2004, and ' regarding sessions with PsycF�iatrist Alice Marales, M.D., af Advantage Behaviaral Health ori April 6, July 27, September 14, and Octaber 19, 2000. A form compfeted by the stafif af Craig Schwartz, M.D., Orthopaeciic Associates af West Floricia, P.A.; indicates Mr. Feldhaus visited ths�doctor on March 15, 2001 and that Mr. Feldhai�s suffers from a candition or illness that is chronic or rec�rring in natur� and requires the patisnt not lift more than 35 pounds and limit work to f hours per day. Other mpac0402 3 D4/11102 .r< ,� . - , : --- :,' - ' �;-:: � - , , :�� . � ,� officQ visits occurred on October 26, November 1 and 1 fi, December 18, 2040, January 8 . and 29, FeUruary 112, and April 12, 2001. On June "� 5, 2001, Dennis M, tox, M.D,, of the Flaricia Spine & SPorts Medicine Center, perfarmed a Iumbar facet joint nerve block and sacroiliac joint injection, Released on light duty an June 6, 2007 , Subsequent o�fice visits occurred on June � 5, 25, July 6, 27, August 23, and S�ptember 20, 2�01. On July 3�, 2001, a cer�tificate af professionaf i�itiating involuntary examinatian ir�dicat�d Mr. FeEdhaus had dep�ession and was suicidai. On August 1, 20D1, Robert M. Mayer, M.D. admitted him to Morton Pian Hospital for crisis stabilizatian, neuraphyschiatic eva�uation. He was discharged on Aug�s# 2, 2001, , Mr: �eldhaus applied for a Disability Pensivn o� Aug��st 7, 2001, but did nat � indicate if his request was for a Non-jai�-connected or a.iob-connected disability �ension ' � on his interrogataries, dateci September 1 i, 2001. Notes from the Creative Health Center: . 1) May 1, 2D00 - Mr. Feldhaus unable to �vork on May 8, 2000, to return an May 1 p, ' 2000; 21 July 18, 2�00 - s�ould l�e vn light duty far ane week; and 3) August 10, 2000 - � should b� on light duty until further notice. Psychiatrist JosePh �. Haas, M.D. performed an IME on Mr. Feldhaus on November 20, 2000 and recommended therapy and car� with medications. He recommended Mr. Felcihaus' curre�t job o# light duty as a Gas Technician II continue on in this status. ��,�� ,.� � In his February 13, 2002 letter, �rthopaedic Surgean Andrew Wolff, M,D, indicated � after review of the February �, 2002 Functional Capacities Assessm�nt for Mr. FeEdhaus, he provided ar� adde�cfum to the IME he perinrmed on December 21, 20�1� which stated �� that Mr. �efdhaus is tctally disa�led fram performing the ciuties af a Gas Technician but is capable of perfarming sedentary work. In his .January 16, 2002 letter, Psychiatrist Jake Aslanian, M:�. stated he had perf�rrr�ed an !ME on �dwin Feldhaus on February 7, 2002, and indicateci the claimant is not totally disabled from performing the duties af a Gas Technician II as a resuEt of his psycholagical conditian. In F�is February 1, 2402 letter, Thomas M. Reed, Program Manager of Tampa Genera! I�iospital �Rehabilitation Se�vicos statQd a�unctional Capacities Assessmer�t was performed for Edwin FeEdhaus on .lanuary 31, ZOn2. Hesults indica#ed he is functioning with same deficits at the UGHT duty leuel. The W,O.R,K. Center�interdiscipEinary traatment team inciicated Mr, �eldhaus currently functions witt� some deficits at tt�e light duty ievel, but would bQ able to meet the physical requirements of many carefuily selected IEght, as well as mast sedentary duty j��s, if afford�d customary break periods and the . aioility ta chenge positions, strstah, sit or stand when nedded. , �' Pension Advisory Cammittes AttQrney Scott Christiansen review�d the proced��Qs � and oper�ting rule5 re�ated tn processing Pension disability claims. Mr. Christiansen � mpac0402 � 4 � . 0�411 1102 �reviewod Mr. Feldhaus' j�b injury, previous ailments, and psychological problems, Mr. . Feidhaus has been per�orming light duty �ssignments, A preexistin� conditifln is not evider�t as na record of a pre-employment physical is available, A finding of disability requires t�s PAC to determi�e a total and perrr�ane�t disability exists. it was nated on his appliaation, Mr. �eldhaUS had listed the on-the-job bac�C injury, as tne cause of t�e disai�ility requires. Mr. Christiansen said the PAC wo�sld need to determine if a disa�ility �s job-connected or nat. Huma� Resources Director Paul 0'Rourke said Mr. �eldhaus' mecfical records indicate maladies, substance abuse, psychalagical, and PTSD issues, which are not job related. He said Mr. Feldhaus requires close supervision when performing mundane tasks and has had significant a�sences unrelated to his job. He said records indicate Mr. Feldhaus' injury is secondary ta his disfc disease. Edwi�i Feldhaus said he was strong w,hen he started warking for the City, He said thi� was not the first time hs pulled a tank atf anather warker. He said he had just moved � a tank we9ghing 200 pounds, when hs c�rabbed a 4�0-pound tanlc, to save a warker. Ha requested a jaio-connacted disabiiity, In responsa ta quest�ons, Clearwater Gas System Assistant Director Tom Sewell said Mr. Feldhaus had injured his bac�C when trying ta assist anather when a LP tanlc began to roI1, He said Mr. Feldhaus coulcf not perform the functians of a Gas Technician I! priar � to.this accident. Mr. Feldhaus was limited to manual labor and canfined to �f�e yard. He �said Mr. F�Idhaus was working to resolve deficiencies at the time of the accident. !'riar ta ,„,� � the accid�nt, Mr. 5eweki indicated Mr, Feldhaus was prahibited from operating City ,,,,,,,� vehicles #ollowing Mr. Feldhaus' report of ar� inr,idsnt when he lost tracEc of reality. Discussian ensu�d regarding Mr, Feldhaus' ability to perform useful service for,the City. Mr. 0'Raurke said Human Resources has not been abl� to #ind a position for Mr. Feldhaus. Mr. Christiansen said it is nat �ertine�t that job- and nan- jv�-car�nected dEsability pet�sian benefits are computed differe�tly. I�� was felt Mr. Feldhaus is disabled and that no meaningful wark is a�ailable far him with the City. It was.stated documents support that Mr. Feldhaus had suffered menta! hsalth �aroblems and substance abuse issues prior ta his ir�jury. ft was suggested Mr. Feldhaus could perform maaningful wark if his back injury was not compounded by mflntal health �roblems, In response to a question, Mr. �'Raurke� said ths City never had mandated �AP (Employee Assistance Program} psychological therapy prior to ��r. Feldh�us' injury. 5ince the injury, the City has refsrred him far substance abuse, It waa felt the City should have addressed mentai issues prior to Mr, Feldhaus' accident. It was suggested Mr. Feldhaus` psychologicak problems may have contribut�d to the accident. It was stated Mr. Feldhaus could perform few Job duties based solely an his physical condition which limits his ability ta stand ar sit ta 10 minutes at a�imQ. Mr. 0'Raurke said the City is able to make reasonable accommacfatians far Mr. Feldhaus in t�e short term, but not in the long term. �'� mpac0402 5 04/11/02 �Mr,. Feldhaus said �e ne�er was callad for substance abuse an the job. He said he . � has been treated far deprassian far 10 years, takes antE-depressant medication, ar�d accspted a demot�on because he could nat handle thQ physicaE requirements' of a Gas Tochnician II�. Ha said he cannat operate mator vehicies due to pain medications. He said � '. he has had no srrests for substance abuse ar dri�ing und�r the inffuence. He said the accident's location was next to a sea wall. He said when another worker was pinned � ur�der a 400-pound ta�k, .he pul�ed tf�e tank off of him and felt something snap in his back, He said the acc9dent was not caused by substance abuse. He said he naw is on a regirne � of visiting doctors. � Member Lee moved that �dwin C. Feldhaus be granted a Disabili�ty Pens�o� effective on a date to be deterrr�ined. The motion was duEy seconded and carried ui�animausly. ' Member Jensen maved that �dwin C. Feldhaus' disabi�ity is not a result of a pr�- � existing condition. The motion was dufy seconded and carriect unanimously. • Member Lee moved that the primary reason for Edwin C. Fefdnaus' c�isability is nut a resuft of exclusianary factnrs. The motion was duly secanded and aarriec! unanimously. � Member Scnmalzbauer movad that Edwin C. Feldhaus be granted a Jo6-Connectecf � Disability Pension effective on a date ta be determined, based an Mr. Feldhaus' disability that resulted from on-the-job cErcurnstances which is d�scrib�d as �ower back pain, this � � ir�jury making him permanently unable to perform his job and documer�ted by numerous ,�,� medical s'tatements of DaugEas Lazenby, M.D., Sto�e� �. O'Neai, Pf�.D., Darla [3roderick, . w,��� , M.D. 5tephanie Lynn Fenlon, D.O., Jayam K. lyer, M.D., �. Kasper, M.D,, Michael R. Piazza, M.D. .foseph E. Haes, M.D., Raber# 5. Rase, Ph.D., Craig Sch�wartx, M.D., Dennis M, Lox, M.D., Robert M. Mayer, M.D., .�oseph E. Haas, M.D., IME (Independ�nt Medical Exam) psychiatrist, Andrew Wolff, M.D. IME physician, and Jake Aslanian, M,D. IME � physician, and a Functional Ca�acities Assessment performed by Tampa General Hospital Ro�a�€�itatian Services, with �ccampanyir�g dates of aEl the doctor visits. The motion was duly seconded � It was felt the ciisability is job-connected as he wo�ld still be working if the accident had occurred. It was stated the subject accidant was not a result of ine�tal Irnpairment as Mr. Feldhaus had #unctioned with �clarity when he moved the heavy tank off another worker, � ' Upan the vate being take� Committee Members Schmalzbauer, Hibbard, anci Vice- Chair Gray vated "Aye'; Committee Members Lee, Jensen, and Hamilton.vot�d "Nay." Motian tied. - The Pension Advisary Committee recesseci fram 10:26 to 10.30 a.m. ' It was slated approval of th� disability requires a preponderance �f evidence. It ' was stater! the City had nat provided evidence psychiatric issues had affected Mr, Feldhaus' job performance prior to the accident. It was stated Mr. Feldha�s rivas working � mpac0402 , � 6 04111/(?2 �� Gi.. .. . � � i, ;F1i ., o , �. �'�� . .. . , . . �. � � . ' , . . . � ' . ' ' . . ,'+ _ . . •. ' . � , . � . 5' � � .. .. . . �. � . ' �i 1 • , . ' . . ' � i . 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' . � . . � . , . r�E , " ' i�' t . . � ��1 . . ; . . ' ' . . . . .. •. ' ' � . � . . , . , ; �yY��� �� . . 1i ' i..S� �,`' ' . . ' ' � i , � • . , . .. ' . . .. . . . , � � ' . • ' `..r �4� �� � �i ' 1 . . . ' ' ' . ' ' . ' � ' ' , l' ' . . k.. . . . . i ' `� .. , ' };''.3� � � . ;, � ' ' .�' '''� "'� ' ,.��°:., .: .. � � ;. � .: " .�, . � �� � � 1 .� . , � . .. 0411'1102 , , . 'F� : mpac0402 . . . . . �. . . . `• .i, �''. � i, : s.,i , �}: � , , 1, , , � i . . ' , i ; • ' ' . i' i i `�t��,': ei. j,t.�.l ' . , .:i <'�, . � � ., . �.. .. . .. , ' , ' . . .. ' ; , ' . •�f �;' d��.s . f . ��� 7�` , .. � . .• �: , .� �. ' . ' , ��, � � • . � '. � . . �. ' ,. � .' ' ".� S'� �.� �� ,'I, . � � , �� � , . . � . . . , . 51�n�1�:,E `il,� :€�, � .� 1.1 , ' . , . �.} . . .. . _ , . ' .. �. '� . . � ' ' , ' . ' � .. �� e'F ��'�.,"' 'i .' } . . . 1 oi •� _ . . � ' :. �' � .. , , ( . , , � • . .. �:t' '�,��p•�t.wj'.>o.{�yli� .�r� :� ,. � :r ' •.�' .t�. .,r� '���; I� t'. � , ��1� ..1' i. �.1 .. �r . ��Y,.:� C�•'.�? 'i��k�a�. ,'s'; 4.�r:; '�o-: `�r, i�� �.{,�,. i i= . ,•;.1'.:. �',:.: ,' #, `�.��Te°-hi'+l�fi��:�i-. 'iJ; 'i',>`°.ft'.'.t- °,f�;�:; �:Fi''t'i�•'so�,,'�Fr.� .�� ,.� .. �_� ,F� � . , "�, .� � Member Schmalzbauer rastated his motion that Edwin C. Feldhaus be granted a �isability Pensian effective an a date to ba determined, based on Mr, Fel�haus' disabiiity th�t resulted from an-the-jab circumstances which is dascribed as Iower back pain, this i�jury making him permanently unable to perfarm his jab a�d documanted by numerous med9cal statements of Douglas I.azenby, M.D., Steven �. 0'Nea�, Ph,D., Darla Broderick, M.D, Stephanie l:ynn Fenlon, D.Q., Jayam K. lyer, M.D., �. Kasper, M.D., Michael R. Piazza, M.D. Jaseph �. Haas, M.D., Robert 5. Rase, Ph.D., Cr�ig ScFrwartz, M,D., Denr�is M. Lox, fV�.D,, Ro�ert M. May�r, M.D., Jaseph E. Haas, M.D., IM� {independent Medical �xam1 psychiatrist, Andrew WQlff, M.D. IME physician, and Jake Aslanian, M.D. !ME physician, ar�d a Functianal Capacities Assessment �er#orm�d by Tampa General HospitaE . R�habiiitation Services, with accompanying, dates of all the doator visits. The motion was d�ly secattded and carriQd unanimous�y. 3TEM #7 — Director's Ro�arts. A�Qrove expenc�iture in the amount of 59,500_ta_AON Ca_n_sultinc�_Irtc._for pensian consultinct services � �.' . � On August 13, 2001, the Pension Trustees approverJ the FY {fiscal year} 20Q1/02 . Pension {'fan I�udget ta include $30,000 fior pension actuary and consulting services [e.g., �� camparative pensian anaiysis update, DROP rnodelinglassessmentj relateti to potential Pension Plan changes. � � '�� ' Un March 18, 2002, the P�nsion Tr�stees aPproved a$30,000 expenditure to ,. � PriceWaterhouse, l.tiP for pension actuary s�d consulting services related to potentiak � � Pension Plan changes. This expenditure covers all pension actuary and consulting services , related to potentiaE Pension Plan chanc�es except for the comparativo pensian analysis update. It will cost $9,500 to co�cf�ct a currQnt comparative pensian analysis. In rt 999� AON Consulting compEeted a camprehensive survey for the City that � campared the relative n�t value of current and proposed (�.g., 1.5% COLA} hazardaus duty and non-hazardo�s pension benefits to those provided by selected government agencies in NorthlCentral Florida and tF�e Tampa Bay area. The survey results indicated that City hazardous duty employees were ranked in the � st quartile or ttiird - Fire and fourth - Police res}�ectively, aut o# the 19 surveyed agencies. By camparisan, the City's nan-hazardous er�ployees were ranfced in the third quartile ar sixth out af the 10 surv�yed agencies. � � Staf# is reviewing and commenci�g collectively bargaining negatiations with the five �mplayee organizations aver proposec! Pension Plan cha�ges. St�ff intends to bring forward proposed Pension Pfan cha�ges to the PAC and 7rustees in June and .luly 2002. As part of the staff analysis of proposed changes, AON Consulting wili conduct an updated comparative analysis of the relative net vafue of the current ar�d propased hazardous duty and non-hazardous pension lienefits ta those providad by selected government agencies in NarthlCentral �lorida and the Tampa Bay area. � , mpac0402 . � , � �. .; . , . . 8 � 04111 !02 5' . � 1 .�=N� .., ,, � ,.: � � ;.. ;. � , In response to a quQStio�, Mr. Q'Raurka said benchmarking relates ta t�te comparative pension anaiysis. Pensian Plan Actuary Steve,Metz, o# PriGeWater�ouse, LLP, could provide this analysis at a higher cost, Finance Director Margie Simmans reviewed the budget process regarding the Pensian Pian. The cost of consuiting service� related to proposed Per�sian F'ian changes was underestimated. P�nsion Trus#ees must approve all Plan expenditures, This request does not �ioiate the budget. Cancarn was expressed regarding cities in the study. lt was recommended employee bargaining t�nits negotiate which cities are used in the camparisons, It was recommended comparisons include Ft. l.a�dardale, which is closer to Clearwater tltian Tailahassee. In response to a questian, Mr. 0'Rourke said supplemental pensions are included in the whole when comparir�g similar re#ireme�t benefits with other gavernments. in response to a question, Mr. Christia�sen reviewed requirements that al! State money related to 175 and 18� be deposited ln supplementa[ plans. � Committee Mamber Jensen maved ta recammend appraval of an expenditure in khe amaunt o� $9,500 to AON Consulting Inc. for pension consulting services. The mation was duly seconded and carried unanimously. � . Committe� Member Jensan moved that City managemen# ar�d labor union representatives meet ta agree on survey comparisans related to employee benefits. The motian was d�iy seconded �nd carried �tnanimausly. Mr. O'Rourke said staff wi11 wark with union representatives but could not guarantee co�sensus. Resolution #02-� 0 autharizin con�ersian of 24 700 shares of Metro-Goldw n�Ma er 1nc. commori stacK from physical form to ��pository Trust Corporation eligilole eiectranic form, approve tF�e 'lrrevocable StocklBond Power" form On May 23, 2��0, Det�ver Investment Advisors participated in a Stack Purchase ('ragram for IVletro-Goldwyn-Mayer, Inc. for 24,i�0. The shares were deli�ered ir� physica� form ta the Pension Plan's safekeeping c�stacffan in the name af the City of Clearwater. These shares should ha�e bpe� deli�ered in a �epository Tr�st Corporation electronic format. � � Canversion from physical form tn electranic form requires Pension Trustee approval of Resalutian #02-1 D and the lrrevncabEe StocklBa�d power form. Withaut exc�ptian, all otF�er st�ck awned by the Pensior� Plan is in Depasitory Trust Corporatian electronic form�t. Denver Investment Advisars cannot trade this security while it is in physical form in the name of the City. Committee Member Lee maved to reaommend approvaf of Resolution #02-10 suthorizin� the conversi�n o# 24,7�0 sharss of Metro-Goldwyn-Mayer, Inc. common stock from physical farm to Depository Trust Carporatian sligible electronic form, approve the mpac0402 9 04/11/02 � 'Irrevacable StacklBond Power" form. Tfie motion was duly seconc�ed a�d carriad unanimously. .. Authorize staff to conduct_a_se�rch__for_a,custodia� for the ,Emr�l,cry,ees.l?en5ion �und, authorize Callan & Associates to assist with the search, authorize the cost of t�e search, including s#aff travel of approximatefy $3,500 and Caflan`s fee of up to $30,000 to be pa9d fr�m th� pension fund : The Employee's Pension Fund uses �a third party custodian far safekeeping various sec�rritieslassets of the Pension Funtl. On December 31, 2001, the Emplayee's Pension Fund�had assets of $441,921,590. SunTrust is the fun�`s custadian �or $307,508,467, or 70% of #hose assets. State Street is the custodian for $60,050,193, or 14°/4. The remaining balance is in the farm o# mu#ual funcls held in trust by the corresponding money manager. The Plan has used SunTrust sinc� 1985 and State Street since '[ 993 as custodians '. �. During the past year, two separate pr�blems at aur custodian have accurreci, which '. � have caused staff sigi�ificant cancems. In researching industry standards regartlinq one ' problem, staff cansulted with four leading }�rovicfers of custodian services and learned the Pension Plan can abtain services superiar to current levels. One service provides on�ine � � access to cu'stodial recards. Currentfy, staff must wait thres wegks to r�ceive a pri�tout � ' throug�� the mail. �nline access would significantly benefit staff. The �nvestment � Committee unanimously recammends the searcFt far a new custadian. • 1�a�� `+��r��- � The City contracts with Callan F� Associates to provide perforrr►ance m�asurement and information on in�estment managers. The #irm has extensive knowledge and experience with all c�stodians. Calian's search #ee is $25,000, plus travel expenses, not ta sxceed $5,000. Unti[ now, Caflan's fees are paid by directing investment trades through a selected br4ker. Plam m�ney managers use this selected broker anly if they canr�ot get better execution someplace else. If necessary, the Pensian Plan may have to supplement these directed trades with a cash payment. The cost of cammittee member travel to in�astigate/researoh t�p-rankecf custodians � is es#irnated at $3,500. The locatian of custodians, and the number requiring research will affec# the actual cost. Staff also may use the trip to visit maney managers located in a city staff already is �isiting. The In�estment C�mmittee wil� come back to the Tr�stees in late summer or early fall with th� results of the search far approval. .�!n response to a question, Ms. Simmons said the top 8 or 10 custodians will he presented to the Investment Committee for re�iew and decisian o� top three or four for interv'tews. !n respanse t4 a question, she said L.ee Dehner, Attnrney f�r ths Pansian Advisory CommitteelTrustaesl lnvestment Committee, had recammended trave! to the custadisns is necessary for cfue diligence. � Comm9ttee Member Hibbard recused himseff, as SunTr�st is his employer. mpac0402 10 � 04l� 1102 i�i ' . . , . , � � � , . . �, � . :, .. .' . . .. � �. , , � �. ��� .' : . ;. � , � , . , � , • . , • � , ' : , r ' ' ' . , ' ' _ �: � �. . � � , , . . . . �<, �,� �. Committee Member' J�nsen maved to reaammend staff be authorized to conduct a �� � search for a custoc3ian fc�r the �mplayees Pension Fund, authorize Callan & Associates ta � � assist with thQ search, autharize the cost o# the search, including staff travel of .� � � • appraximately $3,500 anci Callan's fee af up to 530,000 to be paid from,the pension fund. �; �, The �motion was duly s�conded. Cammit#ee Members Lee, Jensen,� Schmalzhauer, • � . �� Hamilton, and Vice-Chair Gray voted "Aye';. Cammittee� Member Hibbard abstained. � . � , Motion carrisd. � � . � : Budget � . � . � . , . . . �� , � In reference to budget preparatian, Ms. Simmons requested Committee Members • � . s�bmit tl�eir requests for training dtiring the next fiscal year. ,!t was r�quest staff .forward , • '�,� training infflrrnatjon to commit#ee members. �, , � f.. � . �� i � . . . � � PAC Electian ' . , � � � � ' : . ''; ' " . . • � � " . �,�. ,:'� �� It was stat$d Corrzmittee Member, L.ee'.s �term �xpires in June 2002. Naminations � .' ,.,',�.: for #he seat are requested by Apri1 30, 2002. , � � • �' :' �' ' , The next PAC meeting is scheduleci for May 9, 2002. �, .' IT�M #$ - Committee Members to be Heard � ' � � �i� •� • Vice-Chair_Grav welcomad new memf�ers: She thanked former Chair Fitzgera�d far . � �' his�ser�ice anc� requested �s be contacted regarding his interast in reappointment. � �� ; ,� . . , � � � � � ' IT�M #9 - Ad'ournment � �. � . . i . � I � ' The meating ad�aurned at 11:12 a.m. �� , .. . . . ; ' � ' " � Cha � . " � � ' . � • � �ensio� Ad�iso C i ee � � � ' ' r4t est: � , ' , . . �' �CC. � �.1-Y..� . , . � ' I . • : Board�Repnrter,'. . . • . � ' � . , . , .� ,. � � � ., . , � � . � ' ' � , ' . ' � " � , •. �•.. ,' . . , '`�.d ' . ` , , ' ' . . . ' . mpac0402 ". , . .. ? 4 . . , 0411 �l02 � , . , . . , . , . . , . . : , . ,. „ ; , , . ;�', ; . , > � , , .. . : � ' ' .� • . ', , . . .s ,• � iLi # j . .a1�:�.l.=1, j �'�`a � � � �li;� 1 � .t ' tt 'I�' � .J ' !'. � t�•�.. {+'. �1�.. + �• �.✓.r:11` !i`f y;� ,!:'. �4iP r:ti.: •!�'. ;,P- f'�� �i(�.1' �i�.�i'.;t''i� r.: .t� �r %j*. � .'iY"f+p.�.Sf�a.. .4'., ..�'. r '�5�� '� ��•5�.� �YCi� i..r��j'�...1�. .j... l �t.' :i.i � iI�,Y��R 1r.t �°f� 'F'. .,l..i:r.�'le.� :a'-'i���ar•; i� re '.7:- �t, '�.:' �5' : ; , ,t`'r ' • r h } 1 aC 'f,: 1 .A �I�z+�F.�u1�14 �!'l � ! � `4 "I. ��f � ��� ° � '-Y , t�.. .�.,rl�� ,;ri'�vS�i'�ttn F. {r. �':' t � ,t.. ':� ,:a .,,�li"_. -1'.�i,., :+�.l,,� m � �ORM $�' MEiMO1RA��U�i OF 1�OT6NG +C�JNFI.ICT �aR � �Ca�NTY, IVtUI�iG[Pi.�,L, ANL� C�THER LO��►L IP�BLfC �FFI�ERS LAST NAME- F'IitS7 NAME--MIDRLF. MAME NAME C3F H4ARd, COUNCIL, COMMISSI0N.I1U7HOHI7Y, pA CUMM117EE Hibbard, Frank V. � ' � Pens3on Advisory Committee MA11.IN4 AUC)R�S5 iHE H�A}tD, COUNCIL. COAiMt5510N, AU7FIDRi7Y OR COMMIIiEE OH �'li1CH 1 SERV� i5 A l7NIT OF: —��.t�l 4� C�.egrWS�BX� PO �iOX 4��+8 13; CITY p COUNTY C1 OTHEri1.00ni.AGF.N�'Y C�.earwaCer, FL 33758 bAl'EON WHICN VQTEOCCUItREU �fI11��2 COUATY �ine].].as NAME OF I'OUTICAI. SUBUIViSIdN: Gitv of ClearwaCer t4SY i'OS[T1dN IS: y C7` CL[CitVE O AI'POINTYVE WHO MUST Fll.E FORM 88 � This farm is f'or usc by any person scrving aE thc caunty, rity, or oti�er locai lcvcl o(' govcrnmen� on an a;ppointed or elected board, council, cornmissian, authority, or commitlec. It apnlies equally to members of advisory and nan-advisary bodics who art prtsrnted with a voting confiict af rn�crest undcr Scc�ion I12.3143, Florida Statutcs. Your respansibililics undcr the la+�� ►+�he� faccd with a mcasurc in which you havc a conflict of intcrest w�li vary great�y dcpcnding 4n whelher yau hold an eiective oc appointive position. �or tl�is rcason, please pay clasc auention to the insEruclions an this farm �icfore compltting �hr rrvcrae sidc and rling thc farm. INSTFiUCTEONS FOR COMPLIANCE WITH SECTION 112.3143, FLORIDA STATUTES A prrsan holding elcctivc or appaintive county, municipal, or olhcr iocal public ofi'rcc MUST ABSTAIN from vo�ing on a mcasurc which inur�s to �is spcciat prit-ate �ain. F��� cicrted 4r a��oir�tcd lora! ofTcer also is prohibi�cd irnm Scnowin�ly voling on a mrasur¢ which inures to thc spcCial �ain of a principal (othcr than a govcrnmcnl a�cncy) by whom he is retaincd (inciudin� iht parent organi�ation ar subsidiary of a corporate principal by� «�hich he is retain�d);.to �hc �pecial priva�c gain of a relative; or to lhe special privatc gain of a business assaciale. Cornmissionsrs df comrriunity redeuelopment a�encies under Sec. 163.356 or 163.357, 1=,5,, and offccrs af indcpcndcnt spccial tax dis�ric�s elec�ed on a ane-.�crr, onc-vo�c hasis ar� nat prahibited trom volin� in �hat capacity. For purposes of �his law, a"rclalive" includes only thc afficer's fathcr, mo�her, san, daughtcr, husband, �vifc, falltcr-in-lau�, n�othcr-in- law, soa-in-�aw, and daughter-in-lau�. A"busincss associa�c" rncans any person ar cntiey cngagcd i� or carrying on a business cnterprise ��ith the o�(icer as a partncr, joint �tnWrcr, coo«�ncr of property, or carporate sharchoidcr (whcre thc shares of ihc corparation are nol li5kd on any nationa! or regiona3 stock cxchan�cj. ELECTED OF�IC�RS: �r� additioh to abs�aining from voting in lht situations dcseribcd abovc. yau must disclosc the conflict: PRIOR TQ THE YOTE SEING TAKEN by publi�ly stating ta �hc assrmbly ehe rtaturc of your in�cres� in the mcasurt an u�hich you arc abstaining from voting: and 1�l1TH]A' 15 DAYS AF7'ER TH� VOTE OCCURS hy Comple�ing and fling this form wiEh !he person responsible iar recording thc minutrs of Ihc mcc�ing, a�ho should i�corpara�c Ihe fo�m in lhc minutc5. AP�'OZNT�D 0�'FIC�RS: A�t#�ough you must abslai� from ��oting in tise situations dcscribcd ��bot�e, yoa at?terwiss rt�ay �artic�p�tc in Ehcsr matlers, 1�nwcucr, you must diselase �he natura af the en�f3i�� before maki�g a�y attempt to influcnce the decision, u�hether Urall�� or in «�riting and K�hether made by ypu or at yaur direction, 1F Y�U lNT�ND TO MAK� AAY ATTEMPT TO INFL.U�NCC THE DECISION PR�OR TO TH� M�ETI�G AT WH1CH '�'H� VOT� WLL B� TAK�N: ' You must compie�c and file this farm (befare making any attcmpt tn influencc the dccisinn) wi�h thc persnn responsibfe for . rccnrding the minulcs oi thc mccting, ►��ho will incorporate the form in thc minutcs. ��.A copy of thc form must bc provided immcdia�cly to thc o�he� mcmbers of thr agcncy. • The torm must be read publicly ai It�e ncxt mccting ai�cr the forrn is filed. . � CE fiORM B� • (Q.4! ���rsi• � _. i . , �. ; . . . FI •}� . � ' .'t . . � , .� r ,; ':� •°; ;. 6 i.l '... {' �. ' 1 , � 'J _ , � � � . �� � � l• � � � �. . , e ti � 1F YOU MAK� 1�'O ATTEMPT TO �NFE.ElENC£ TH� DECI514N EXC�AT BY �15CUSS10N ATTHE MEE7ING: �� • You must �isctase orally the naturc af your conflict in the mcasure before participating. �rc,��` • You musl camrlrtr th� �orm ���d file it wkhi� IS days after the vate occurs wi�h the persan res�snnsiblc far rccordin� the minutet ai � the meeting. a�ha s�tiust incorpotate thc form in�the minutcs. A cnpy of.t�c forrt�. rnust be provicfcd imrrscdia+ely to the a�hcr � membcrs of thc agcncy, and the form must be rcad publicly at thc ncxt mccting atter thc farm is f Icd, e ' . � , � ..... ,__ - .... — � �. � D35CLQSURE QF LaCA�. n'rFIC�R'S INT�Fi�ST ' ' 1 � � 2002 � j� Commiss3orter �'raak �Ftbk�ard , hcrcaydisclose thac on Apri1 I1 � 19�; ; �{a). .A measure came or wiF1 comc beforc my agency which (chcek onej '. ir�urcd �o rr�3� spccitil priva�c bain; � inured to thc spcciul �eain of my business assnciatc, ; � inured to the spccial gain of my rclative, ' ; �nured to the spcci;�l �ain af _ 5���'� �'rvs �. j3o.n k ^�Y `' , u�hom 1 am rrtaincd; or eMj�ior�d ' ' • � inurcd to the s�ccial �ain.of ' � , which is the parcnt argans�atian ar su6sidiary of a�rincipa� ufhieF� has,rctaincd mc. . � �(b) The measurc before my agency und thc nature oi my conllic�irig interest in thc measure is as iollows: � . , •, • • �,.._� � � � � G/25/p2 . , ' Datc Filed . �.�. .._... , , ,—._,. ,..,,, .__ ... rI � �� ��,y"� `! � ' nature � ' . � ' �. • '� NO7lCE: L��E�ER PRQVtSIQ1�S OF Fi��RiDA STATUT�S §I i2.317 (1491), A FAILi1RE TO MAkE A1�'Y REQUIRED DiSCLOSUR� CONSTITUTES GROUhDS F�R AT�D A4AY BE P[l�'1SHCD E3Y ONE OR MOIt� O� THE F�LL4WING: � , IMPEACHMEI�'T, RLMOVAI. Ok SUSPEt�'SION FROM Of=F'!CE OR �MFLOYME�'T, DEt�40TI0N, REDUCTION [N � SALARY, REARIMAND, OR A CI�'1L �'ENALTY NOT T� EXCEED �S,U00, � , .'�. , .. �1' . .. � '. .. • . . . i � � ` � 1 ! i � I E , r, { j�� � . 1•� � ?. s � � 1F YOU MAKE l�0 ATT�MPTTD 1N�LUENC� TH� DECISION EXCEPT �Y D15C11S514N �TTNE MEETING: • You must disclasc oraily the nature of yau.r con(lict in thc mcasurc bcfore participating. � � � �' • You rnusi campleic the farm and filc it wsthir� tS days afler thc vatc occurs w�ith thc persari respans�blc.far rccordiriF thc minutct ot' thc mecting, �who must incorparaie ihc form' in thc minutcs. A c�py of thc form must be pravidcd immcdia�cly to the athcr mcmbcrs of the agcncy, � r•d the form must be read publicly al thc ncxt meeting af�er she form is fifed, ., ' � � OISCE.�SURE OF LOCAL O'rFIC�R'S iNT�l��ST. ' � 2042 A ri� 11 � . �� Commissioner �'rank Hibbard , ��crcby disclose that on � � 19 . .� � + � � ' . (a) A measure came or wit! cnmc before my agency which (cl�eck ane) . '. � inurcd ta my spcCi�l privale �ain; � ' •t� � .� inured to thc spcciak g7i� af my busi�css associatc, ' ; ,� inured to the speciai gain of my rcla�ive, �� .' �nurcd ta the s�eci�l gain of Su��►+1"�s'� j3an 1� ��yY -� ' �' whom I am rrtaincd; or eM��artd � . . , . � inurcd ta tl�e �pecial gain of � � , whici� . �,� iS thc parcnt or�ani7ation ar subsidiary of a principal which has rciained me. • . � {hj The measurc bc�orc my a�cn�y 3�d thc naw�c of my canflicting inicrest in the measurc is as follows: �: . . � , � . � , , � , � , ' ( .. s, , . • ,. . G/25/d2 • , . .� �' ��� � . . � �. ' � Datc Fileci ' , . ' ' naturc ' . � ' �` NOTICZ: L'�ND�R PROYiS10T�S �F FLORII?A STATUTCS §I I2.317 (t99I}, A FAILURE TO MAKE ANY REC�UIRED DISC�:OSUR� CO�STITUTES GRQUI�DS �OR AT'D A�fAY BE �'UNISIi�D i3Y ONE OR MORE OF THE �Oi.L01VSNGc 1J�4PEACHA7�1�'T. RL•MOVAL OR SUSf'F1�'S101� F�tOM OF�[CE 4R �MPLOYM�NT, D�MqTIOh, REDUCTION Ih' SALARV, REPRIMAND, OR A C1V1L PENALTY N4TT0 EXCE�D 55,000. �