01/07/2002 (2)
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. PENSION
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, ~o~rd of Tr~stees ofth~ Employees'
Pe'nsion Fund
, Minutes
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ACTION AGENDA
Board of Trustees of 'the Empl'oyees' Penslon"Fund
January -1, 2002 - 9:00 a.m:"
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'Call to O'rder . 9:02 8.m.
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Approv~l of Minutes: 12/10/01 . Approv~d ..
R~~uest for acceptance Into ~embersh'p: John Mehrle, Patricia Brady, Joyce Hunt, Efraln
Pizano, Suzanne Melton', Michael Evans, Debbie Shires, Joshua Meyer, Wayne Wells, Daflna
Armen, Stephen Bell, Sherry Hunt, Brian St. Lawrence, Rcidney Fe'rguson, and Daniel RIvera.'.,
, Approved
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" Regular Penslon(s) to be granted: James Centllll and Audrey MeunIer.. - Approved
~eq~~st to Ves~ P~nslon: Lester Rent - ,Approv~d
, Other Business, - None
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Adjourn .,9:05 a:'m.
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Present:
Brian J. Aungst
'Ed Hart
Whitney Gray
Hoyt P. Hamilton
William C. Jonson
Chair
Vice~Chair/Trustee
Trustee
Trustee
Trustee
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TRUSTEES ,OF THE EMPLOYEES' PENSION FUND MEETING,
, CITY OF CLEARWATER
January 7, 2002
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Also present:
William B. Horne /I
Pamela K. Akin
Cynthia E. Goudeau
City Manager
City Attorney
City Clerk
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The' Chair called the meeting to order at 9:02 p.m. at City Hall. To provide
, ,continuity for research. items are in agenda order although not necessarily discussed in
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ITEM #2'" Approval of Minutes:
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Trustee Hamilton moved to approve the minutes of the December 10, 2001,
meeting, as recorded and submitted in written summation by the City Clerk to each
~rustee. The motion was duly seconded 'and carried unanimously.
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ITEM #3 ~ Request for Acceptance into Membership:
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The recommendation of the Pension Advisory Committee was to approve
membership for employees John Mehrle, Maintenance Worker II/General Support Services;
Patricia Brady, Staff Assistant'I/Marine; Joyce Hunt, Accountant/Finance; Efrain Pizano,
Custodiai Worker/Parks & Recreatio'n; Suzanne Melton. Staff Assistant II General Suppqrt
Services; Micha'el Evans, Parks Service Technician I/Parks & Recreation; Debbie Shires,
WWTP, Operator Trainee/Parks & Recreation; Joshua Meyer, Courier/Public,
Communications & Marketing; Wayne Wells, Senior Planner/Planning Department; Donna
Armen, Staff Assistant I/General Support Services; Stephen Bell, Utilities Chemist/Public
, Utilities; Sherry Hunt, Police Office Specialist/Police; Brian St. Lawrence; Solid Waste
Worker/Solid Waste; Rodney Ferguson, Solid Waste Worker/Solid Waste; and Daniel
Rivera, Solid Waste Worker/Solid Waste.
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.- Trustee Jonson moved to accept the recommendation of the Pension Advisory
Committee; The motion was duly seconded and carried unanimously.
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ITEM #4 - Requests for Pension
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01/07/02
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The recommendation of the Pension Advisory Committee was that James Centllll
, and Audrey Meunier be granted regular pensions under Sections 2.393 and 2.397 of the
Employees' Pension Plan.
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James Centilli was employed on November 17, 1980, and his pension service
credit is effective on that date. His pension will be effective February 1, 2002. Based on
an average salary of approximately $45,636 per year over the past five years, the formula
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, for computing regular pensions, and Mr. Centilli's selection of the 100% Joint & Survivor
Annuity, this pension will approximate $26,062 annually.
Audrey Meunier was employed on October 1, 1981, and her pension credit is
effective on that date. Her pension will be effective February 1, 2002. Based on an
average salary of approximately $31,178 per year over the past five years, the formula for
computing regular pensions, and Mrs. Meunier's selection of the 10- Year Certain & Life
Annuity, this pension will approximate $18,791 annually.
The PAC (Pension Advisory Committee) approved these pensions on December 13,
2001. Section 2.393 (p) provides for normal retirement eligibility when.a participant has
completed 20 years of credited service in a type of employment described as "hazardous
duty" and defines service as a Firefighter as meeting the hazardous duty criteria. Section
2.393 (p) also provides for normal retirement eligibility when a participant has reached age
, 55 and completed twenty years of credited service, has completed thirty years of credited
service, or has reached age 65 and completed ten years of credited service.
Trustee Gray moved to grant regular pensions for James Centilli and Audrey
Meunier be granted under Sections 2.393 and 2.397 of the Employees' Pension Plan, as
approved by the Pension Advisory Committee. The motion was duly seconded and carried
uryanimously.
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ITEM #5 - Request to Vest Pension
Lester Rent was employed by the City on June 25, 1974. M'r. Rent terminated
from City employment on December 25, 2001. The Employees' 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 service (pension 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. Section 2.393 (p) provides for normal
retirement eligibility when a participant has reached age 55 and completed twenty years
of credited service, has completed 30 years of credited service, or has reached age 65
and completed ten years of credited service. Mr. Rent would have completed thirty years
of service on June 25, 2004. His pension will be effective on July 1, 2004.
Trustee Hart moved to allow Lester Rent to vest his pension under Sections 2.397
and 2.398 of the Employees Pension Plan as approved by the Pension Advisory
Committee. The motion was duly seconded and carried unanimously.
ITEM #6 - 'Other Business - None.
The meeting adjourned at 9:05 a.m.
ITEM #7 - Adiournment
Attest: "
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01/07/02
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