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' . . . . 1 -y . � � �i �1�!"' � 'L•.', yha.s-,���i��:.f�:lf � �1.l.�'i#�'�., �'n. ,'. • "1 :L� i.��;•ip�:.. �,��i�f..,�t°:.Y�'�.a�:., �,i. ,. � . . ,� .t1i. , . . , . i,' . �� � � , . � .i , , . . . . . . � �, � � . . . . ; , . �.Y'9� � . , �t �, � . � i , . � . . � . , � , . . . , , • , • � � . . t'7'.' . � . ' , ' , ' ' . . . , . ' ' , . . . �1,�1�,, .. � � , � ' . . ' ' � , ' . ,. . ' � '��:4. •s. . . ' .. ' . , �, S,r � . . ' � ' • , ' . . , ' , , � _ � . .. . , . . , , ., i . . . , � . ;; � . �. �, � . , � . . ACTI�N� AG�NDA , � ,'r~ '��� '' Board of Trusteas of, the �mployees' Pensian Fund' � � ' � Tuesday'- Jant�ary 16, 2001 ' ' ' �� . , . . . , . . � . , �, � , � . � ., � . . � � 1. ` Cal) ta Ordor - 7�0:13 a.m: , ' � � `''� � , . � , 2. Appro�al o# Minutes: 1214/00 - Appro�ed as submitted. � . � .�:� . � � . � � :;.; ,�� ,3. Request for acceptarice into membership: Kamen Brant, Michaei Piziorusso, Lisa , 1:�:: ��; ��.- '. -.� Turcot�e, Mark RoUerson, Diane Angello; William Diliashaw, Sharon Hofle, James � �:�� .,� , f.'� Patts, Michael Andersan; Shizuka Wire; Candy Hanssn, Angeia Cree1, Stephan � ;�=,;�:' . .� . , ��r •:_: ;. �. � �. AgathOS� Brian Mur�hree, �ames Jerkiris, Lynne F'ulizotto, & Rodgerick Scott - x'�;7: � ' . � � . �►pPro��d. � . . � , � , t_. '�- .. , . , � . . . ���.�'���.��,�'' ��' �� � 4: �Regular Pensian{s) to be granted: Wi�lie Jeter, Frank Bawler� Douglas Buntir�g, John H.. � �,-.., . , . . r�'-i��� � Donalds�n,,James H. Moore, Charles C�stanza, & Tami Jo Swain - Appraved: �. , , , � . ; :-. ;i� . � . , . , . . . . . . . . ;�;; ���'.:;� `.' `� 5. Pensian{s) to be vested: Jetfrey L. Patterson - Appro�ed. ' ,�::;�... e��� fi: ��- Request for Survi�or's Pension: Rosa Cann� WidQw of ,James Conn - Appraved. ��•: �, .;, . . �. . � � . ' - . � . ': `�,�':'� I�, ��, . 7. Request to huy back previaus per�sian ser�ice cr�dit: Leanard,Marotta - Appro�ed. ., � � � � , � � :� �:� � � � �"'' ' �. Other Businass - Nane. ' ' � " � ,l4�,,�� ' �.� . ' . . , � � ; . 1 � . � ' � - `: . 9. Adjourn.- 'i0:16 a.m. . . . � . � � �-��: , . , , . .��� . ., . , � . . .. .�'� . . . , � . , . - : ' � , ' , i , . . , . . E� � . . , � ,. , , . j,t. � ' . . . ' � ' � ' � � � . � ' . . ' ' , � . , i�' '._r ' . . , . . . j . ' . ' ' ,' , . . ' . 'P� • • • � . � f. �. • . - � � . � ' • . , � � . , . . .. � ,j-_ . . . .. . • • � . . . . . � , . � . ' ' ' ' • . '' • 'r.. � . . . ' 1 ' . . ' • , . ' ' . . ,� � :� . ' ' ; . � � ; � E � ,i �, � � ., . . f . , ; . j I i , � . ( ,. . ' . 1 , � ' � ' i . � i . . . � . . ' ' '� ' /i i ' ` ' � � ' � 1 � � . � F . , ' � . , , � � ` e ' ' , . .. • ' . 1 ' ' S � . . , 1 �� � ' ' '' . . . i� ' . . . . . . • ' ' � . t i'�tSL£�.!. , , . . . . � ' . . . . , , • - . . . . . "i �' � . ', ' ' . � . , • ' . i ' .. . , ' . ' � .. � � ' , 's.,' I , ` . : . . , , , . , . ' . ; . . . �. • , aL9� , s ., f ' , ! ' _ . • . • , . . . � . .. '1 � �ll''..'! � ` `` . . � . � � � . . , . � � � � ' . � i , • , ' ' . � • ' . . � . Sfj••f `y '•� • .'� f�� � f . . °i�'T' � ' � . . � .. � . 1 . . 1 . ' . • � .�l�i`�. ti � , ' .� . . ., f.' � , r a .4 � . , �� , t�' ' ' , � +' ' , - r �'" r, , � �. . f .; , . ,• , �:;: . , ;�� �� TRUST�ES ,O� THE EM�'LOYE�S' PENSIDN �UND� MEETiNG C1TY a� CL�ARWATER January 16� 200� . � , � Present: �, Srian J. A�ngst Chair � J. B. Johnson Vice-ChairlTrustee Robert Clark Trustee • � �d Hart Trustee � � F. Davici Hemerick Trustee ' Also present; Will�am B. Horne 11 Interim City Manager � Pamela K. Akin City Attomey Lee D�hner � Pension Trustees Attornay � . � � Pau! O'Rourke Humar� Resources Administrator .'', Cyr�thia E, GoudeaU City Cterk � , Brenda Mases 8oard Reporter � � � The Chair called the meeting to arder a# 10:�3 a.m, at City i-lall. � To pro�ide. cantinuity for research, items are in ag�enda order althaugh not necessariiy , ciiscussed in that order. � ' ITEM #2'-_A�prn�,al_of Minutes: � � . Trustee Hart moved to approve the mir�utes of the December 4, 2000, meeting, as recarded and submitted in written summation by the City Clerk to each Trustee. The motian was d�ly secanded and carried unanimously. . ITEM #3 - Reauest for AcceQtance into Memf�ership; - The Interim City Manager presented the recammen�tation of the Pension Advisory Commitiee to approve memhershi� fQr the empJayees listed below: Kamen Brant, Michae! Pixxorusso, l.isa Turcotte, Mark Roberson, Diar�e Angeilo, Wilfism Dillashaw, Sharon Hnfle, James Potts, Micha�l Anderson, Shizuka Wire, Candy Hansen, Angela Cr�el, Stephen Agathas, Brian Mur�hree, Jarr�es Jerkins, Lynne Puiizotta, & Radgerick Scott � Trustee Hart maved to accapt the recamrrzendation of tF�e Pensian Advisory Cammittee. The motion was duly secanc�ed and carried unanimously. . 17EM #4 - Reauest for Pension: � The tnterim City Manager presented the recommendatian af the t'ension Advisary Committee that Willie Jeter, �rank Baw�sr, �ou�1�s Bunting, John H. Donsidson, James H. Mr�ore, CF�arEes Csstanza, & Tami Jo Swafn be granted regutar pensions �tr�der Sectionts) 2.393 er�d 2.397 of the Empioyess' pensian plan. � '�� , mpfa't a0 3 re{„Ie�=4r� Y i �"' . p . � o�i�s�o� i � � `� �w � � • . . . ' � � . � '�;�, .;: a� ! . . ,� , , . . � . ei � ; ��'�:;e.A'in�'«f�3� � � '":.a.z': � .t ,i a , ii .i' :�.;� .:+' j. :t S�'.�; � � 'i:._ . i ' '��� 'Sf•,t•, �1'. h .�1 'A. ' ' . 1 ^`"{.6,� � ' ' ,'.i�+; �r' �i.i. '1,` ���',� �' ".t-. 'i.'i.�. �,i ���' �.i.�• :��t::� al.i.S'�i¢..;'F{s; 'S•`.�E4.�. ',r,�..�. �� !.i`+•.`r• ..rf.:�'ili� }..''f�.l'::•'s'�.;;:'� •4 ;;i' ' .� . .�� ' 4� ` " i . t' � ,!' . �� Willie Jeter was employed on June 29, 1976, and his pension service credit is etfective on December 29, 997fi. His pension will be effective February �, 200'f, ' Based on an a�erage, salary of ap�roximately .527,72fi pnr year over the past 5 years, the formula iar camputing reguiar pensions, an� Mr. Jeter's selection of the 100% Jaint & Survi�ar Annuity, this pension will appraximate $17,853 annually. Frank Bowler was employed on June �, 1981, and his �ensian service credit is effective on that date. � His pension wilt be ef#ective Juiy ,9 , 2Q4� . Based on an a�erage salary of approximately $41,984 per year o�er the past 5 � y�ars, the #ormula for camputing regular pensions, and Mr. Bawler's selection ofi.the 75°!0 Joint &�Sur�ivor Anrluity, this pension wilE ap�roximate $23,362 annually. � Douglas Bunting was employed �� May 19, 1975, and his pension service credit is ef#ecti�e on that date. His pensian wilf be effective Fabruary 'i, 2009. , ' Based on an average salary o� appraximat�ly $42,647 per year a�er the past 5 years, the #orm�la tor computing regular pensions, and Mr. Bunting's s�lection ot the . 10D% Joi�t & Sur�ivar Annuity, this �ension will approximate $29�697 annualEy, ���° 'u!�,� ,}a�� H. Donaldson was smplayed on August 28, 1978, ar�ci his pension service credit is effecti�e an that date. His pensian witi be e#fective December �, 2000. Based on an a�erage salary of approximately $81,153 per year over the past 5 y�ars, the formula for campucing reg�tlar pe�sions, arrd Nlr, Dor�aldsorr's selection of tf�e Life Annuity, this pension will approximate 537,930 annually. Jamss H. Maore was employed an August 8, 1967, and his pensioR service credit is effective on that date. His pension will be effective December 1, 2000. �� Based on an average salary o� appraximately 559,792 per yea� over the past 5 . years, the formula far camputing regular pensions, and Mr. Moare's seleation of the i00°� � .loint & Survivar Annuity, this pension wi�k appraximate $53,62Q annuaily. �.. .� Ct�ar�es Cssta�za was employed on M�rcH 1, 197G, and his pension service credit is efiective on Oct�ber.9, 19?6. His pension will be effec#ive Fobruary �, 200�. � Based on an averag� sala�y ot approxima#ely $44,2�7 per year aver the past 5 years, the farmula for corr�puting reguiar pensions, and Mr. Castanza`s selection nf the 100% Joint & Survi�or Annu�ty, this pension �rvill ap�roximate $28,961 annually. Tam# Jo Swai� was employed ar� �ctober � 3, � 950, and her pens�on service crodit is effective an that date. Her �ensian will be effective December� 1, 2�00. ' mpf01 a09 2 . 0'i 116101 : .,� :<:,. . . , . � ,� i� ,'� i; �'� ��` .� � . Based on an average salary of approximately 547,387 �er year ovar the past 5 years� th� fnrmula for computing regular pensions, �nd Ms. Swain'� sel�ction of the Jaint . & Survivor Annuity, this pension wiii approximate $26,197 annuatly. ; '�: :� �� � �.: These pensions were approved by the PAC an December � 4, 2000. 5ection 2.393(pj provides for normal retirement eligib9lity when a participant has reach�d ago 55 � and compfeted 20 years af credited servico� has compfeted 30 years of credited service, Qr has reached age 65 and campleted 1 Q years of crsdi�ed service. Section 2.393 {p} also provides �for normal retirement eligibility when a part�cipant has completed 20 years nf credited ssrvics in a typ� of �mployment described as "hazardous duty" and further specifically defines servic� as a FirefighterlDriver �perator, Fire LieutenantlRescue f'aramedic, ar�d Palice Officer as meeting t�e hazardnus duty ciiter�a. h4r. Jeter and Mr. Bowler qU�lify under th�e age 65 and 2D years of ser�ice criteria and Mr. Bunting, Mr. Do�aldson, Mr. Moore, Mr. Castanza, and Ms.. Swain quali�y under the hazardous duty' , criteria. � � . �. ' irustee Johnson mo�ed to accept t�e r�commendatior� of the Per�sion Advisory Committee. The motion was duly secqnded and carried unanimaus{y. ITEM #5 - Ret�,uest to Vest Pehsian: The interim City Manager presented the recammendation of the Pension Advisory Committee that Jeffr�y L, Patterson be allowed to �ost his p�RSian under Section(s} 2.35'7 and 2.398 of the Em�loyees' Pension pfan. Jeffrey L. Patterson was emplayed on October 24, 1983, and his pension service credit is efiective on tY�ai dare. Ne resi�ned from City employment on Decernber 29, 2000. 7he ��mployees' Pension Plan pravidas that should an employee cflase to be an employes of the City of Clearwater after completing 10 or more years of creditable service ipens�vn participation}, then such emplayee s�a�l acquire a vested interest in the retirement benefits. Vested pension paym�nts commenc� on ths first a# the mantti following the �� mor�tf� in which the employee r�armally wauld have been eligible tor retir�msr�t. Section 2.383(p} p�ovides for norma{ retirement eligibility when a participant has reached age 55 ancf completed 20 years of credited servico, has completed 30 years of credited service, or has reachvd age 85 and completed ,� 0 years of credited service. Section 2.393 [p1 also providss for nflrmal retirQment eligibility wher� a participant has completed 20 years of creditQd service in a type of emAloyment descri6ed as "h�zardous duty" and further specificaily defines service as a F'o�ice Captain as meeting the hazarc{ous duty ariteria. Mr. Patterson would�have completed 20 y�ars of service an October 24, 2003, His pensinn will ba effective on November 1, 2003. ThiS request was approved by the PAC ort pecemb�r � 4, 2000. ' , , 7rustee Clark maved to accept the recammer�d�tion of the i'ension Advisory Committsa. The motfon was duly seconded and carried �unanimously. mpf0i a�1 3 0111 fil0i . ' ' �:,, ; '� '. ', , � IT�M #6 =Request for Survir►or's Pension: Rosa Conn. Widow of James Cann . The �nterim City Ma�ager presanted the re�omr�zenclation of t�re Per�sron Advisory Committee that Rosa Conn, widaw of .lames Conn be grantad a de�th 6enefit under Section 2.397 0# the �mployees' Pension Pla�. James Conn was emplayed on August 28, 1972, a�d his pens9on service credit is e#fective an February 28, 1973. Mr, Conn passed away an October 21, 2000. Rosa K. Cann, widow o# James Conn, applied far death benefits an Octaber 24� 2000.. Mr. and Mrs. Conn were legally married on August 28, i�82, thereby entitling her to death benefits �nder provisians of the Employ�es' Per�sion PEan. ' Mrs, Conn's request for death �snefits was ap}�roved by the PAC on December 14, �.2DOq, Ti�e amaunt af Mrs. Cann's pension wiil be computed by tha Finance Departm�nt at ' a later date. This pension wii! be ef#ective November 1, 20�0. ,,� �Y.� Based on an average salary of appraximately $34�2Q2 per year over the past tive years, th�s pension will approximate $25,998 annually. , � Trustee Hemeriak moved to accept ihe recommendation o€ ti�e Per�sion Acivisory Committee. The mation �was duly secondetf and carried u�anim�usly. IT�M #7 - Request #o he�v back previous �ension servia� crec#it: L�onard Marotta T#te Interim City Nlanager presented the recommendation of the Pension Advisory Committee t�at �.ean�rd Maratta be allowad to t�uy back his previaus.pension service aredit. , ' Leonard Marot#a was nriginally Qmployed on August 26, 1979, Mr. Marotta r4signed an Augus# 26, � 982, after 3 years af service and withcirew his pension contributivr�s i� t�e amo��t af $3,890,97. Mr. Marotta formally requested a withdrawal af his resignation under the �appropriate Civil Service Rule, Although this re�uest was made 19 days past the fi-manth deadline, he was granted a�proval by the City Manager at that time to withdraw the resignatian. He retumed #o v�rork as a Po(ice Dffic�r on Aprif 25, 1983. Upan his return, Mr. Marotta's seniori#y date was adjusted by 241 days, tn� � number-�of days he was actually g4ne� as is done in any case where an emplayee withdraws a resignatiort, Additionally, Mr. Marotta was credited wit1� a!) his benefits, including s9ck lea�e and vacation. � � , At that �time, Mr. Marotta mad� a reque,t to pay back the ma�ies he had withdrawn ' from the Pensian plan. . Mr. Marotta w�s atfvised by the Palice Chief that his request was � , denied. . � `� .In 19�6, Mr. Marotta made anather request to buy back his pensic�r� servics credit, He was advised t�at the amount he would havo to pay back at that time was in excess of � $85,00�. At the PAC meeting oR March 1 Z, 1999� Mr. Marotta again asked the mpf01 a07 �- . � ' Nr:��u..r.w.rr�u�or.: 4 f� . ' .' .' ' .i . . . �111��s��or�r� � - _ _ _ - _ _ 01 I1 fi101 J' • ! " �� � � - . , . .� . , '.� � '. ' . • � , ' , �I: .iz �RSF`3 . .. s. ��. �r • •. 4� �• . � ' ' �. � ° . , ' . 1 • � ., ��' :}s � ' � �� . ' , . , . 4ls;,• . �' " ' � � f � . . r � . r . �' . „ •� � . _ • � . `` • . . . . .. . . i . . , . (' ' , ' � ' , ' ' � , '� Committee to aliow him to buy.baak the 3 years. After some discussion, a motion was �� p� ' m�de ar�d carried�that Mr. Marotta.be allowed�tfl buy back his previaus years of servica : with interest ot� the $3�89�.9� in the am�ount of 5% �por year fram the date he left in 1 J82 . � until the present time. On .lune 1� 1999, t�e I'en�ion Trustees approved this buy back . �� �equest. At a subsequent meeting an .iurie 7, � 999, this action of the Trustees� together ; . ' with the appraval of David Krieger's buy bacic, was rescinded an the advice af Les Det�nsr, � the Cammittee's perision attarney, �that the ardinance did �at provide far such buy baak. . .' Mr. Krieger subsec�uently f�led suit in Circuit Court and the action of,the Trustees was , nullified by the Caurt and th� request to buy back upheld. �� �At the PAC mesting of Decer�7ber 14� 2000� Mr. Maro#ta renewed hfs request far ,� , buy back {�ension service on the grounds that he and Mr. Krieger were approved at the � �:. �' same time and he shoutd be en#itled ta the.same relief granted Mr. Krieger. The (?AC ��'�� � � approved his request ta buy back 3�years of service by a vote of fi ta 1. 1��•�.�`�.�� . � .' � �.Trustee Johnsan moved to accept the re�ammendation of the Pensian Advisory '. Committee. The�rnotion was duly seconded. Upor� tlie vote being taken, Chair Aungst and `. Trustees Jahnson, Ciark, and HemericEc�vated "aye"; Trustee Hart votecf "nay". Motion , � carried. ' � ' � . ; ;: : , . , . � � � IT�M #8 - Other Business - None. . � � ' . ITEM #9 - �d'aurnment • , � The meeting adjourned. at 10:16 a.m. � , �� . s . , . � � � C�1�IC � . r .. . ATTEST: � . - . .' City Clerfc � � _ 'r� . . � . . . � �� ,. . � iTl�}f�� 80� � ., � . t��=,:� � . . � ���.;::��,�;.;: . , � �.. � - 5 , � � � � oi �i 6ro� � i � � i . � ,.