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10/15/2001 (2) ~ ... c ,,', :' ~l , , \, ' . j" ',1. c,,' .,<: :\ ' ~ , " , . .'. . ;., : F ~c,., I' 11: i ! f.c. ,i ~ I ~ ;,.~..,...:.:,,;.....,i..,.:"-i.: .': .c .};.c' \, ' ',1.' ;.~ ~ ' :.1.~ ' i':. . , ~;' . J, i, ,~. '. . J ' ..~f:<' " 'Jt... ~.' . ";"l' :j~" ,~: '" . ."( ~~~~~. \...~\ ' f>~:: ~ ,:,:, , ,. .. C'"' c, :'~ ~ . , ~~" : ~ ,. '. l' . -.' '.; '., .),~ ,~..: ~,I !/,:,." . ,.-, ,"';' i I ~ ,.. , '1 .~.. '.< . " . J < ';~~\~'; . i , ,I' ,. ., . ~ . ~~t~:.\,~,~: I: r'. . :r;::: :.:. /.. 'C"~;'/:' , ..~, , ' . ~:;'s.,,:: , ' " '"' .'1' " , ' " ~ f . :~>'::~._,,>. ~ J::l;".':e, ,," , {:';~'i:, " ", . ~ - . " . < \. ...:,~ c,; ~, , ': '.' ." ~ .J . I ~ ; , . ' . .,'., '. ':.! , ~. < f .I, ~>. , , 'Date >\;"." ~ ." ~ ~iJ . " .,. " S~:; . . .,.. , .~ c. , ~:::,r'.:.>, {i~j:: I. ,,".' J1',>". .- I, ,~ , , '~ .,' . ,I" I'" " ., . ,~ . .{ . " , I , ' " .'. ',. .' ," ',' , , , "i '(""c::J"il'" ,~::.', .~~ ,~-t.. .~, :, : " ~i : . .~: ~. , , ~~.\, T > I I' ,~ ~i;I,:,)>!:{);,:. ':'~~:~. :.; \ j .. '!,' I '1 .,\; ,', " .., :.....':'. :,' " "J ." ... "~ .,' . " . , .I ': .'.:' ;,>I}O. ~. 1", '" ,'. ,~ I , " ~. '. .. , . ,,~ ..:. . ',: " ~ J. ' " I,' " " ..' " PENSION .; . . . " " " .,' (TRU:STEES) ,Board ,of Trustees .of the 'Employees' . . " ',' Pension Fund ' " " , Minutes '/o/ls/or , ., " : , :, '.,1 ." . i ", .' .:; , I', :. . :'. 1 " " " " ,. " ': ] i. . \ " I ~ '('1 <!. '1 " ., ',. .,' J, " . i ,I I .' . J." ., ; . ;110 .\ . ~ ' . .; ~ t I.,." ,',~," ,I'.. ..'. :,;': ..'~'.~';' ~';,".:; ~.~., "f"'; ".."'1 Ij., ',:, ., -..', ,.!,~~'.~ ~..,.., ",." '::.', ", 't':,. "\' :', .. " '. , \'. ; " , ' : , . . , , . .' " ;' ; . (\ \' , d' ,t ' <., I ::",. I ,'r'., ~ ' ': ~ ~.' 1 c. ,. , " .. , , ~ 'I ~,' ", . :, " ~,',' ,,' \,; ., ',t' , "l-t' .' i'l '" /. ,:' ,', ., ., . " 'L ,f. " ; I ~ ~ , , , , ; " , '.t ' . , .' I,' ~' " ! ., ,~ ' . .~,",,! "',.r,"':" ...~ ~l- \....\ ; I , ~ 1 ',r ~ ~ ~. , , . , ,. ~. J,. ' ", .' ,,: '\ '" . .; ! , , .,' ,., . ' , , i.~ .' ,t, ,;<J' :,:', " :",01 ,1.. . " C, . I " ACTION AGENDA, .: Board of Trustees of the Employees' Pension Fund " October 16, 2001 :. 9:00 a.rll. . n,' , ',. ,,' " . ~ ~' , ' ,~ I " .,' .' '1. ,.;), ,... ,~,. -: . .', 'L' . ,'. 1. :'0811 to, Order. 9:05 a.m. ,.. };. 2:~"" . Approval of Minutes: 09/04/01 - Approved ;:i;~,: .. . ~ , ' ~~ ""'-, . ':' -', t'.~,~: ' : ....., t.' ~ . : ~ . (. . ~, . ;~.~;:'::: C ~, " ~ :3.. : , ~ . . ' , Request for acceptance Into membership: Scott O'Hare, Patrick Pothier, Darrell Goodin, Richard . Kephart, Brian Matherly, Modesto Gonzalez, Seth Elgenmann. Debra Davis, Douglas Alvarez, , ,DavId Kessinger. John SC,hroeder and Frederick Hemerick. - Approved '" ,j ;j' .. I , : ~I ' , " ' 4. '. . , Regular Penslon(s) to be granted: Linda Lango, Deloris' Butler-Moody, Janis Przywara and James Maglio. - Approved . 5. Oth~r Business - Award contract to'Chrlstlansen & Dehner, P.A. fo'r legal services " ' /'.0" ~~ :~'; , ... . . .. , " '6. ..' Adjou.rn - 9:06 8.m. . . 1, j' , ':"'0' '" , ." , " .' '1.0.. . ". C .' , . .,' C <l.'! . , ' , .'t, " . C, . -I; ~ " ., ' ,', . , I " 'I " . ;, ~ " , . '. C ~ ~ I 1,,- . l 'J., ',' . . ., , " : :: -/, ~:: " ' . ' , "Ll' ~ ~ 'l : ". '" ' , , . \ ", ", i ". c, l. " ' , I, t.. ,'/ I- ,': ,. ~ \ f T,~. .. :1 ::' n, , .' r, " , .('1 I ~ ' I " ' i." f" ",~ " . <,I, Cj, , " I c' ' , .' ~., , ", ' .. . ;. : ' t~ P " , Ii: 'I' ,"j " 't ,I,' /, ,'. ' '. 'l '0, ,., , , 1, .. " " ~ . ~ l ,~( 1.<, . , , ~ C . " .'. C + ~ . , \ . .' 't ~. ~, i' . " :~.,:~I.'O' ,," /,,\ ,. .' H .' , . .cp, " ' ,.; ~ . , " " C ,~ J T ~ -~ " .' ,I,,' , ~.::' t, ::: ' . '. ~.r t<~~\I"jt"" " '*fjL.;,'~<:;':::'::':~';' ,,' '" "..... '.' ,,' ::';:, ;,:' , : ~' . , ~ , ,t .' if:')' ..... " , ~ : . \ ' . ~ :<. I . L ',<I' " . I .:,:': "'-","'~'I,' ,:~ ,",' ,,:, ':..'.~.':".. ,t.' ",,','.~ ""'~"'~'+11~ ::,-":' ,,".:."I~' '.- '..:~ ,'."'1;,;":':.-,:.. .',: 'I: ". \,~ "1',' ,'..:./....' .I'.',I,.,.~."."';,1.,f, ~. '. .. .' ~, .t) . ' . t,. ',1 ...' .' ,0 ." . () . TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING CITY OF CLEARWATER October 15, 2001 Present: Brian J. Aungst Ed Hart . Whitney Gray Hoyt P. Hamilton William C. Jonson Chair Vice-Chair/Trustee Trustee Trustee Trustee .. Also p,rese~t: .' William B. Horne II 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 9:06 a.m. at City Hall. To provide' continuity for research, items are in agenda order although not necessarily dis~ussed In that order. . ITEM #2. Approval of Minutes: Trustee Jonson moved to approve the minutes of the September 4, 2001, meeting, ~s recorded and submitted in written summation by the City Clerk to each Trustee. The motior:' was duly seconded and carried unanimously. ITEM #3 - Request for Acceptance into Membership: Human Resources Administrator Paul O'Rourke presented the recommendation of the Pension Advisory Committee to approve membership for employees: Scott O'Hare, Patrick Pothier, Darrell Goodin, Richard Kephart, Brian Matherly, Modesto Gonzalez, Seth , Eigenmann, Debra Davis, Douglas Alvarez, David Kessinger, John Schroeder & Frederick Hemerick' Trustee Hamilton moved to accept the recommendation of the Pension Advisory Committee. The motion was'duly seconded and carried unanimously. . . ITEM #4 - Requests for Pension Mr. O'Rourke presented the recommendation of the Pension Advisory Committee. that LInda Lange, Detorls Butlin-Moody, Janis Przywara, and James Maglio be gran~ed regular. ponslons under Sections 2.393 and 2.397 of the Employees' Pension Plan. Linda Lange was employed on March 29, 1971 i and her pension service credit is effectiv,e on' September 29,'19?1. Her pension will be effective on November 1, 2001. "':lPf1001 , 1 0/15/01 ......'.., ..' "1' 'l , , "") " , \ ~j, u Based on an average salary of $59,332 per year over the past 5 years, the formula for computing regular pensions, and Ms. Lange's selection of the Life Annuity, this pension will approximate $52,896 annually. ' Delo~is Butler-Moody was employed on June 25, 1 979, and her pension service credit is effective on that date. Her pension will be effective on November 1, 2001. Based on an average salary of $25,069 per year over the past 5 years, the formula for computing regular pensions, and Ms. Butler~Moody's selection of the Joint & Survivor Annuity, this pension will approximate $15,379 annually. Janis Przywara was employed on May 4, 1981, and her pension service credit is effective on that date. Her pension will be effective on'December 1, 2001. Based on an average salary of $39,748 per year over the past 5 years, the formula for computing regular pensions, and Ms. Przywara's selection of the Joint &. Survivor Annuity, this pension will approximate $22,480 annually. James Maglio was employed on October 5; 1 981, and his pension service credit is . effective on that date. His pension wiil be effective on November 1, 2001. Based on an average salary of $55,213 per year over the past 5 years, the formula for,computing regular pensions, and Mr. Maglio's selection of the 50% Joint & Survivor Annuity, this peflsion will approximate $31,586 annually. The PAC (Pension Advisory Committee) approved these pensions on September 13, 2001. 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, or has reached age 65 and completed 10 years of credited service. Ms. Lange' qualifies under the 30 years of service criteria, and Ms. Butler-Moody, Ms. Przywara, and Mr. Maglio qualify under the age 55 and 20 years of service criteria. Trustee Gray moved to grant regular pensions for Linda Lange, Deloris Butler- Moody, Janis, Przywara, and James Maglio be granted under Sections 2.393 and 2.397 of the Employees' Pension Plan, as approved by the PAC accept the recommendation of the Pension Adviso~y Committee. The motion was duly seconded and carried unanimously. ITEM #5 - Award contract to Christiansen & Dehner, P.A., in the estimated amount of $30,000 for legal services for the Board of Trustees of the Employees' Pension Plan; 10/1/01 - 09130102 , In 1 999, the Board of Trustees of the Employees' Pension Plan entered into an agreement with the law firm, Christiansen & Dehner, P.A., to provide legal services to the Board of Trustees and PAC. The PAC and Pension Trustees are satisfied with the firm's services. A proposal has been submitted to renew the contract, effective Octobor 1, 2001, at the current rate of $ 210 per hour for attorney services and $105 per hour for travel. This contract period will run from October 1, 2001, through September 30, 2002. On September 13, 2001.. the PAC recommended approval. ' mpf1001 2 10/15/01 +, '. t, . , ....\..:; ".~' ~ :' <' \.',: ~::'. I ,. ~ ;,.", ,'. .... i. l.... . , ... '. ..' .' :. ~ ':;, t ,~.. ,~ ,,', ',' t ': ,~ . /': . l', I.' .... ~, , '. .' r' :-' ~ . ~. !' ...." .. .'. ~ ~ " + .' + ~ .... : ~. " I., . ..., ,': '~'J~ ~ ,'. I:'~I" ',' ~.'.I ~.'~'\.. .,..'l', '.. .~., .~.: :~' ,., 'j'.~' ..... .' .:,:' '~',,"'''.'. ':' '. ,.",::' ",,:~. ',:' -, '~,' ",~......,. ;. .'. , , ' "' , '1 . . I " ~ ) , ,. " . , ",. 'l et '~ " , \., ;- ;~'~ .': ' ( . , , ',' " I ) :.,.' , " .' . .~. I I " b' .It -' , . ' . ~ . , :'1, ~ ; II ,'-1' , ' -' ~. " :r' . ., \' . '.. ~, ' I . '. ~, ' . , ,'. 'I. " ' ;, ," " "'" ' ,.. ..' ,j j'. , .' , '. . I '('. : '., , I: ,>I ~ ~. , . , '.~' . , , e . '" ~:; I>' I ., " r ' , .-1,e' ',:'"1 ". . , ,.,\ " . '. 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Trustee 'G'ray moved to, award a' contra~t to Christiansen D,ehner, P .A~, in the estimated 'amount of $30,000 fo~ legal services for the Board of Trustees of the " Employees'. pension Plan during the' contract period October 1, 2001 " to September 30, , 2002; The motion was duly seconded arid carried. unanimously. . . , " ITEM #6 - Other Business - None.. ITEM #7 - Adiournment The'~eeting adjourned at 9:06 a.m.. ~ 1 J i' ~~-- Chair. ' . P'.. ,.,~ Board. of Pension Trustees . , , ',j, : I '':.' : ~ ~ t':, f .' .i ". "Jl~est:, ",., ' . r: r:'l~~~. ~it:~I::r~" " " L ~ . . . " . , , ,. )i:~' ,0 ~ .~' \'. e ': .J , .. , ~ . '-'! , , , " e ,', .. , ; , ' ,i , . , ".' " ( . .I " ~, . - L 'J',' . '.r j ".' . 1 ~ 'I } 1.1 ,\, > '~ - ~ ': ' I " C' I. , :,. ~ . I: .1 ,: .l,' , I ~ oj ! e. '. , 1 ' 'i. ~ " . , ,. 'f' . e ", . ,'. \ " el' , I . i ( 'I' t \ . ..' I, ~, i '. , ~ ' .' 1 " . ,\ . " , .o. '. : 't;' < ~ 1 I . '. . ., " ~ . .' : I: , , ", " , ., ;', '. 'f " , , .' ~ h. 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