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10/14/2002 (2) '~'~'~'"'''~''''''J~.''''''''' '., ,"~:"'.".I' .' ',i','I/'.',',' ".: ': "'"Ij".,.,',:,..,~,.,.,,"'..'~l.'..'. ::-":'7:,- ./:'.',..,.'.~..,:I',':. ;:,110, 'I ",, .' I I . c ;\ ' " ' . ' ~ ' .. . , , .' c ,', " , . . ,t' , ' ,! : , : , ~ , . L", ' , ' I l..' > '" ' ~ : . < .'" .. ,,', ~ , ~, . ' , . ' '> . } , , " I'. ' ~ ': ;: " . ' , ~ " ," I :,:';..:";."~..i,,,,!~', .,. ;....': , ,'..:, ';~, ' ,,; ,'"", "',' ,.' ,'. , " (, " , ~ '"c '., ~,'~ .' , T f, ,. .J .,.' ".~....". , " . , , , , ". , ' , i-,.c" " . o ,':. I ~',h_;,:',<,',.,.... ... PENSION ?..,. '" '.. ,', "., " , ' ?,,) ,..p'.,',:, ...(TRUSTEES).. :':,,':<'. ,'.'.'..'" :.~" -,', 'Board of.Trustees,oftbe Employees" "I,!" ':. , " , . . . ," ',!" , ...., , Pens'l.on' Fund ", ! ~ . ~ . ' " , ' I , ~. , ~', . ~ I . I . , " ~!;:';', ,',': ,,' ,I. ,',. '''' , " . ' Minutes \ > ;, r', " ) , , I . q I . I, '1 ,', ,::' " ..( " , ~/"':'~~) ') , ,:~: ,'. " ',', \..........-.1.., " I' , , . ' " , Date" ../oL/'f /()~ . , ' ',I ,,"> "I, ' , . ..' , ,," .." ' " ,,', . , ...: I', 1 " ..: I .I: + ,. , " " , , . .\~ . . .., " : l' , '\ .' " . .,. , " ~ " . l , ' : ~ I ". , ',' , , , " , , ' , , ~. ' " ' '. '~ , '~ I' i. " .,' , , " I I , ' , , , , ' , ..'. " , .' r , . , " '. , , ' , .' \ <..' c. , t , " \. .' , ~:. ' 'I '. . 1 , , " "\ "f J ' .' I f" ' '. " ' , , ",', , , , . ' ,',::" '., , : l , 'u"'"'" " '. , I , . ~ . , I, , . ~ T' > . ' , /91! "" ' , " ' , , , , " . . , ...~.....~~ ,~~. .- " ',' ....~__:r.._f,....,.,...:';cf-.;/'~~............~T~h"\.... . . I . . " , , , , ' , ' ~ ' " ' . .' '.> ." " ' , "1, . , I' : ..,> ,(' " ..' I' ,~ ~.' ; .., , " i,~:;'Y';':,::./!l,;;:,' ;" ',' ':, .~: .... .",~',,~ ,,?,~l;' ., .., . , " ',' , I '~, ~:;i:l ACTION AGENDA Board of Trustees of the Employees' Pension Fund October 14,2002 - 1:001'.111. , . 1, - Call to O~der - 1 :20 p.m. 2':" Approval of Minutes: 09/16/02 - Approved 3 - Request for acceptance into membership: William Harding, Kimberly Burdette, Patricia Petsch, Todd Vaughan, Tyrone Mathis, Felicia Swann, Frank Silvio, Nathaniel Vint, Sam Kamhouro1ias~ Jason Hemlan, arid KrysztofMolcda - Approved .., ; , . ,j. . , 4 - Regular pension(s) to be granted: John Berrien - Approved' , .' . ,J .. i I , I i , \ I f I , I I .' : ; " , , , , ( , I j I 5 '-'Pension(s) to be vested: Darold Brink & Irene Gaccek - Approved >:'" , ,6": <?ther Business - Humn~ Rcs~~I'ccs Director ~oc Roseto said disability pc~siol1 cases for C~mlllc Motiey ;;";, , ,and Catherine Slack will be scheduled for December 12~ 2002 ' :', \., '.\ '. " ' 7 - Adjolu-n - 1~22 p.m. ,e" ,,', i' , -, " ' , , , " , > ~ .. , ! ,'~ I . > . '" , " , ' " .: , ~ " ,.'. " , .. ,} , , " " , , " ~ .c \ , t'. I' ,I, , .. " , . .1 ' ~ : I . ',' . , ' ,>. , '" ',: O<;~';' " ' ;' . " , ' : ,:: ~' ~ , ", : ,\ I >' ,":'. I~: ~ ~ .. .~.' :. .', ,."~,\,,:-,,,,~.'~. II ~+"'~:'_'.I'~",+, '~-:"~.':"'.-..".,., ',.'..",....'.,.\. ',:.t .~"'" J....:I.~....... .,.,:;,:.,..:.:,.,.. '.., .;..,.~"..,.".;,<I,.:..<. " ',' ~ ~ '. '>,';. ' ,.. . " . '. ~, : ~ , ' '0' ,.~ . '11!--.,...."J , , ," .~ ~, . I ,TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING CITY OF CLEARWATER October 14, 2002 Present: Brian Aungst Whitney Gray Hoyt Ham1lton Frank Hibbard WfIllam C. Jonson Chair Vlce-Chalrrrrustee Trustee Trustee Trustee Also Present: William B. Horne II Pamela K. Akin' Joe Roseto Cynthia E. Goudeau Brenda Moses City Manager City Attorney Human Resources Director CIty Clerk Board Reporter The Chal~ called the meeting to order at 1 :20 p.m. at City Hall. To provide contlnuJty for research. items are In agenda order although not necessarily discussed In that order. ITEM #2- Approval of Minutes: 9/16/02 Trustee Hibbard moved to approve the minutes of the September 16, 2002. meeting. as recorded and submitted In written summation by the City Clerk to each Trustee. The motion was duly se~nded and carried unanlmous/y. ' ITEM #3 - Request for acceptance Into membershIp; Request for the Pension Advisory Committee to approve membership for the employees listed below: ' William Harding. J</mberly Burdette, Patricia Petsch. Todd Vaughan, Tyrone Mathis, Felicia Swann, Frank Silvio, Nathaniel Vint. Sam Kambourollas, Jason Herman, and Krysztof , ,Moleda. Trustee Hamilton moved to accept the request for membership in the Employees. Pension Plan for William Harding. Kimberly Burdette, Patricia Petsch. Todd Vaughan. Tyrone Mathis, Felicia Swann, Frank Silvio! Nathaniel Vint, Sam Kambourolias, Jason Herman, and Krysztof Mo/eda. . The motion was duly seconded and carried unanimously. ITEM #4 - ReQular Penslon(s) to be granted: John Berrien John Berrien, PUblic Services Technician II. Public Utilities Department, was employed by the City on November 16, 1973, and his pension service credit Is effective on that date. HIs 'pension will be effective November 1, 2002. mpf1002 1 10/14/02 .: 1.1"1' ":';;-: ~", ',: ': ,", '.'~ ',:,::".:,1., , " .'...1..'....,' ..'t",' ,'..\,',.,'.. :~~i' ... .....' ':,: "." ,.'.: . ~ .~"'~,',...'; l ,'.'.,.., '. ' "':" ,..',; ,',:',. .1:', -":':.: t"'~ Based on an average salary of approximately $37,316 per year over the past five years, the formula for computing regular pensions, and Mr. Berrien's selection of the Ufe Annuity, this pension will approximate $32.458 annually. This pension was approved by the Pension Advisory Committee on September 12, 2002. 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 thirty years of credited service, or has reached age 65 and completed ten years of credited service. Mr. Berrien qualifies under the age 55 and twenty years of service criteria. ' Trustee Jonson moved to approve the request for Benjamin Sturgis for regular pensions. The motion was duly seconded and carried unanimously. ~~, u ITEM #5 - Pension to be vested: Darold Brink & Irene Gaccek Darold Brink, Tradesworker II, Marine & Aviation Department, was employed by the City on June 8, 1983. Mr. Brink terminated from City employment on June 19, 2002. Irene Gaccek, Life Hazard Safety Inspector, Fire Department, was employed by the City on August 22, 1988. Ms. Gaccek terminated from City employment on August 22, 2002. 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. Brink would have completed twenty years of service and reached age 55 on June 8, 2003. His pension will be effective July 1, 2003. Ms. Gaccek would have completed twenty years of service and reached age 55 0", August 22, 2008. Her pension will be effective September 1, 2008. These pensions were approved by the Pension Advisory Committee on September 12, 2002. Trustee Gray moved to approve the request for a pension to be 'vested for Darold Brink and Irene Gaccek. The motion was duly seconded and carried unanimously. ITEM #6 - Other Business Human Resources Director Joe Roseto said disability pension cases for Camille Motley and Catherine Slack will be scheduled for December 12, 2002. mpf1002 2 10/14/02 '~~~'.,~~'..'... ,.., 'I..',"~ .,...';.~ ~'::.<.;"'I-:..,:....,.,: '.,~~'.l'.:,t-.'.;'~:., .,:' "'-,~",.r.,", ~',' .,....:..:... '."~,.', '.::~.~,I':...',.'''f'''..'~''I~I':.''': 1'~L'.~'~'.~\, ~ " : ""," I'....'.,~' ,..', : ",'~:" ' ...~' {".,:, ,'. :".~,' ".'.,~,t,.",I., ,',-:,!- ". ."...".,. .":,::...., , ,.~., "\, 'j " ~' ~'. : ,j' " .~~ I ~. :, I " , " , " ; ". ,\ q ", ":_1. " '" .'Ic 1 .t."',:';;:. '"t..' ." ,'<. " '. I ; " ~ I ~ ~'. , '1,'.< " ' , " , , " ',' ~.' " .,~ :~:' ", " , , .' " 1" I ; : ' ~ ;. ; J J . ;t,: '>):.' , '" ~, " ...: i ~.' :' . 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