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09/04/2001 (2) I', ,; '~,' ," t '.,.,':". I 'l~' ..:.~ '.~I :.:.,':',' ,. '!,', ::" ,) ':,.,. ',.'... .: ;.', " .'.':'-' '~'::: ,,', :J ,.:' i '.,. ;~"', ".~~',,' " .',\' ~ ! '. < " .' ' ,<,Ij- ,,;,'f 'M I" t',. :'" :,l " '", . ;;, . ~' , :"'n' " , , , "p,-;,t" " I, ';,;+ ,',I ....,' .. '!:' " ~..:: : ; . t :~" ':., ,i::~;;:,.'.._ "'," ,..:.,.', :. ~ ~ .' " .. " ' . [, , " , ' ,:', ~ ' ,~ ' ',' ":, ' , l:,' .' :~',,"," t. :.1, ;r" ',' ':".c ", .' , ~ '". , , ,:~~;,;::',' \ ~:: .' ~,: , ;, ~l ' ': ',~' " 'r:', ':'" ::.('.', .,: ;'" ~' ~+~' :;"/ ':'" . <, + ;::'::,~;, i,~. \~~ i,i .~,/'~' " ,: '" ,'" '[\>.' , ~~j':" " ,r . ' ;Jo.' " , " I\;~':' ...:". 'I,: i. :. ". ;., ' ," ' '. :It' ..,..f. ' . ''/'.' . ~ '.,::. ' . ~ ';;'~ ' , .: !: j . , ":~,:~.:,:~'~: '.: ,:.J:" .L., l '. . , \ ~ .." .,' ", ..'~~, :~I''''~> <,. I (T ,~ ~;: ,', < '., ' .,If' , , "0 : <~, ~ . " .' . ':.," ,'+ " . 0: I~,~ t ,i-..' , > ,'. , " " ' . ~> ,: ': i ~ ",., \ ' , ' 'I": ' ,j ,; .l. , , " " , " .' ,.. , .. :.' . ' , ' ," ~.. ' >:~: ~ :.,' \,' , . ~ ,,: ~ ~ ,J :~ ' '; '\' /', ,PENSION " , , . , , ",'::'Board of Trustees ,of the Employees" " . +' , Pension Fund Minutes ., . p, " , ' " . .' ~. " , ~:'. ,j' .',: . j,>: \' , " . ' ," (TRUSTEES) 'I ': I:,'., ' \,' . " , I: " i, , '. " .' I' .' ," '. " , " Date'''",. " . '\ " ,L J ~ , ,., o Cf!Olf/O/ . I' .;, J., ,'I :' l:. " \' , I, ~ ". ',I " ,( " ,I' " , --"'" /(0';) '.,. ,I 'I .~ '.~. ':,' ~ :.'1' ': ..' .;I,l.,'~..:',,'...~'.~l, _,' ~"',;' "," ~.. ,'..., ,.', i, ..,...'~:,}:,'r~."', '-',.'\',", 1':,;..:.:,":\,.I,~,".';,':"'r..'~I~I.,' :.,' " , '" .. '.~.(:, ':"f' 'I'. ,: ',' ,,::'~', .:.,,: ,~, ~ I. '~',I : .,~", ".~..I,I. ;,','", ' '.\ : +. .. " , ~~' ..' '..' ,".', ,.:';, ....: . ":~ ,.',4,' .", " .'tT;': . " , : ~,-I':' ::~:' :Y.' , J , , . ~':>:: ':~" ': '.J', ?:::,' ' "" .. ';',\ i ',: , '. ',' ,\' ;'-:' ' ,>j ,:' , I TO' ;' , ' . "", ','.!, ',I,l. ::;" ;,', ~,' " { , , , :, " ~ ,. \ ' . " ,,', " ':~ f . ':' ,';, , .. ,t'. : ' , '. , , , '.',,' ': j, , ~ ~ t' , . .' ~ ,.' ~' , , . ,': ' '. /,' , ,~ I" .. ~ ~ I " ;; , " r : ' , . l. I '~' . , ',l , ''-0 + .',1 f' 'r : I ..,~" ~'::: ":: 'f~l< ':', ,.; '{ d'" < ,'" , , ',~ ~ .:" , ,I ' . , ' " . . . ,i' :' I j ,:' "" ," t' '\ "I';~: ,<' ~"~, .j.~.:", ~:';~~:;:;.::~,.,:~~';,:::' .';.~':.,>,>:, '(.:> ",;',: ',..:, ':,< , , "'1' , " 1,' ",., ~ I r " ~, ': "l +,1., +,' , i,J: .' ;!/ ' ' I': I 'I , ! 'I I 1 I \ ~ , ) , . , .' 't, ;'a' > ~ ' '. . '. . , , I~' "'>t./.\ ~1, , ,;': l ,.i, " '~'fJ,' ;, 1", . " , ACTION AGENDA Board of Trustees of the Employees' Perislon Fund " Septomber'4', 2001 ~ 9:00 a.m. ::', , 'f. ' ' " ;:: ; '.. '1',< . ':' , . ,< I , .': " ' , ' ;', ~! " ' r ,~ 1; , . , ~ . 1. , Call to'Order ~ 9:02 B.m. , J ), .~:,: " t" , ., ,', , , , ,l,~::~. :::- ': '. ... 2" :'.,': Approval of Minutes:' 08/13/01 - Approved ., . ~'" I ~ .. \ 3. 'Request for acceptance Into membership: Andrea Davis, Matthew ,McLane, Richard Ross; '. , Colleen Lau; Miguel Barroso, Kelly Goolsby, Scott Durlvou, Christopher Zlermann; Brian Rogers, ' Roger Culler. Teres~ Scrlma. Craig Tower, Leighton Wright. and M~ureen Owens. - Approved Regular Penslon(s) to be granted: Alfred HarrIs. Jr.. ~ Approved . ,I ~:' ~:: f ,:, ' , ~ :,' ' . , " ,'. ~~ ~' ~, 'i::, ..-' > t ; ;:,;:: ~,:' '" :,.1, it>::::,'.,;,', (,:';:, ' :'4: :,{. ", ,...; ~ ,.. ~.. ., ' '>"' ; (.t'., ' 5.. ' Pension to be vested: Waite, Davis and William Emmott. ~ Approved " ' ,," , " I j " , Other ,Business - Renewal of the City 'Attorney'~ contract at the next moeting ,'6. ", " 7. Adjou'rn ~ ~:~3o.m. ' ~'~":':', !.(~. , ' " '>'~'>" '~ i,:, \.... ," ~: ' ,', '...: ~, I,' < ,'I. "" . " , ',~ ' . "L ' ,~ '., , <f I . " "\" ' " ' " ,I , " 'I .' .' " ' ~~. ' !'\ .'. '. ':1 ':.:' ,'" " , ~'~~~','.,~ ',..' .,'," t" \ .,' ., ,i', ~\},:;: ,':',~':;'::,,-: 1:" ".' :." .;(./::' , ' , ;"", ,(',':-: , , . '.. ,,\ " " ' , " , ' , , , '. ' " , " :;"; : , " j, . ., , , , " . ". ,'. " , " ' ,',:':'::,0, .. , " ' " " , } " , , " . ,; '~ , ' r':~, ,:: ',':<,'.: :' ,.,,:; ':, :~{:H',::~:;,;,;/'~~:':<':,:; ,;:~:/':': ' , ,'; , .. .' . ,. I'" <' ... i, \.';, '~ .' '. ,I' l, I" '~..., .. OJ- r' ~,~;:, ,.'. \,L", ,",'; '".'.',...:. .,...~.. ,'. \ .,..,".v'.r" :,".', '~',~ ".~:" r,'" ,"',\ i >, .. ":>,.".., ....t.. !,'> , "~ ' , , ' . ':',~, .. ~, T~ . ,~ . ~:. " ' ' " , , ", '; [ , '~) '.... ,.' '~. . Q I , I, , : TRUSTEES OF THE EMPLOYEES" PENSION FUND MEETING CITY OF CLEARWATER September 4/ 2001 Present: Brian J. Aungst Ed Hart Whitney Gray Hoyt P. Hamilton William C. Jonson Chair Vice-Chair/Trustee Trustee Trustee Trustee Also present: William B. Horne II , Garry Brumback Pamela K. Akin Lee Dehner Paul O~Rourke Cynth~a E: Goudeau Brenda Moses City Manager Assistant City Manager City Attorney Pension Trustees Attorney Human Resources Administrator City Clerk Board Reporter The Chai~ called the meeting to order at 9:02 a.m. at City Hall. , , 'To provide continuity for research, Items are In agenda order although not necessarily discussed In that order. , ITEM #2 '- Approval of Minutes: Trustee Jonson moved to app'rove the minutes of the August 13, 2001, 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 -Request for Acceptance into Membership: The Human Resources Director presented the recommendation of the Pension Advisory Committee to approve membership for the employees listed below: , Andrea Davis, Matthew McLane, Richard Ross, Colleen Lau, Miguel Barroso, Kelly Goolsby, Scott Durivou, Christopher Ziermann, Brian Rogers, Roger Culler, Teresa Scrima, Crai~ Towe~, Leighton Wright, and Maureen Owens. Trustee Gray moved to accept the recommendation of the Pension Advisory Committee. The motion was duly seconded and carried unanimously. ITEM #4 - Request for Pension: , , The Human Resources Director presented the recommendation of the Pension , Advisory Committee that Alfred Harris, Jr'f under Sectlon(s} 2.393 and 2.397 of the, Employees" Pension Plan. mpf0901 1 09/04/01, 'I , . . ',+' , " '? ,lJ" " Alfred Harris, Jr., Solid Waste Equipment Operator, Solid Waste Department, wsa employed by the City on September 26, 1978, and his pension service credit is effective on that date. His pension wil be efective August 1, 2001. Based on an average salary of approximately $35,828 per year over the past 5 'years, the formula for computing regular pensions, and Mr. Harris' selection of the 10- Year Certain and Life Annuity, this pension will be approximately $21,876 annually. This pension was approved by the Pension Advisory Committee on August 9, 2001. Section 2.393 (p) provides for normal retirement eligibility when a participant has reached age 55 and completed 20 years of credit service, has completed 30 years of creqited s'ervice, or has reached age 65 and completed 10 years of credited service. Mr. Harris q'ualifies under the age 55 and 20 years of service criteria. Trustee Jonson 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 Human Resources Director presented the recommendation of the Pension Advisory Committee that Walter Davis and WilJiam Emmott be allowed to vest their pensions under Section(s) 2.397 and 2.398 of the Employees' Pension Plan. (fI.~ ~~~, Walter Davis, Solid Waste Equipment Operator, Solid Waste Department, was employed the City on December 7, 1981. Mr. Davis terminated from City employment on June 1, 2001. ~ WillIam Emmott, Police Service Technician, Police Department, was employed by .the City on March 23, 1987. Mr. Davis terminated from City employment and May 8, 2001. The Employeest Pension Plan provides that should an employee cease to be an employee of the City of Clearwater after completing ten or more years of creditable seryice (Pension participation), then such employee shall acquire a vested interest in retirement benefits. Vested pension benefits payments commence on the first to the month following the month in which the employee normally would have been eligible for retirement. Section 2.393 (p) provides for normal retirement eligibility when a participant has reached age 55 and completed 20 years of credited service, has completed 30 years of credited service, orhas reached age 65 and completed 10 years of credited service. Mr. Davis was completed 20 years of service and reached age 55 on April 25', 2003. His pe':lsion will be effective on May 1, 2003. Mr. Emmott would have completed 20 years of service and reached age 65 on August 29, 2015. His pension will be effective on , mpf090 1 2 09/04/01 ~ " " :' ' >, ~ .' , ~': '"" " "', ",' ,'~ '" ' ,,' ":'.-' , " ,.' , "" ',,' ~ ':", , ".',' ,/ . ,.: ~ '.',' , ,I. .! ':+ .. ~ T' ,'~ \ \,. ,'j, '.'.. . ' " ' " ' I ~, : ' .".. ,..-f"H"'~ ...;"~.., ~ 1/", "h:'~ . ,. .. ' ':'."i~ ,; .. i',;,,"r.J, ~ l ~ ,\ ' ". ;,. ':f ;. ~, ~': I. ~: , ;':,:'.':\',i ~'t: [', . ~;,; " " , I" '~::,"~, .., \ ,'. , "t:,} , {"~I' ;i~?::':';' ~ ~', , , ,\', ,!,!'. I ,~~ ~ :~, ,i":' , !'~::, ,'r::- .... ' :~~ '.:,< .' ~~>\"~,: .. ' '1," . :~:~. 1 > :}':' ~::' >' '~t ': . " I', 'j, ",0' " , , '" '." .' '. -I- " ' ,. ;;.,' .',' , '" , , ., '(. ,', " :: ,f ',' "', ,'" ,;' , , '~ >' 1-:. '., ' " .,' " ,. , ~, I : \: J" : I ~ > .' ., < . " ~ I \',' '. , .' .' " . ' , ~,<', , , " " ,;, J , ." " , I I .. , \, , ~, " ' , ' .', > ,', )1 :" <,',' . ~ < ~ . ' ' ~ '> .. ',. I,' '.". ~ '\ September 1-; 2016; These requests were approved by the Pension Advisory Committee on August 9, 2001. " ' , ' Trustee 'Gray moved to accept the recommen,dation of the Pension Advisory ~ommittee.. . The' motton was duly seconded and carried unanimously. ' ITEM #6 - Other Business Human Resources Director PaulO' Rourke said staff will bring forward renewal" of , 'the City Attorney's contract at the next meeting. ' ITEM #7 - Adio'urnment , ' .... ' , ,The meeting adjourned, at 9:03 a.m. " " " , ,', .\ " , >, , " , , , , ~' , '. . ',', ,. ' '.( " , , . ~ hI ,','c ." ~, v ' , :' " .' I ," , ,+ " . " ,.I.t t'. . I' ~', ' ~, ., , , ' ~' .,.. ~ > ' . '. I :' .".. ,~:: .. ' . \ , ,'. , '.>.1 , ., I, \. ' , .~ ':' ,', , +1' : "e:~\\1' : ..'," Jr.:..,1 " ~ . ' , '! ,I ", ". , ~ ' I:> ,~~ ~~ I" , ~:~'~ ~ '.. I" t i':(:'};f;~.'.-;~:~.~ '.' : ' "\. ,'< , ':: l, ,', ....,+' ',' .' , ' " , '. , , " , ' , ' , ' .', " ' mpf0901 > , , 3 09/04/01 I " ", ,\' , :' .' . , ~ , . , ,'I' .' " "I,' : ' ",,'..' :,'Ij~.,f., ,..,.~",'.'I. ~.'~:."..:,~I",: \.'I~" 1 ...".. .:~'~.... J :':,,':.:',1" ~ .IJ..',..:',' :.:~.,:' :':.~~:'i ,. ~ , ',' , "