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02/17/2009PENSION TRUSTEES AGENDA Location: Council Chambers - City Hall Date: 2/17/2009- 8:30 AM 1. Call to Order 2. Approval of Minutes 2.1 Approve the minutes of the January 12, 2009 Pension Trustees Meeting as submitted in written summation by the City Clerk. 1B Attachments 3. Pension Trustee Items 3.1 The employees listed below be accepted into membership in the City of Clearwater's Employees' Pension Plan. 1B Attachments 3.2 Sammie Rayner, Customer Service Department, be granted a regular pension under Section(s) 2.393 and 2.397 of the Employees' Pension Plan as approved by the Pension Advisory Committee. 10 Attachments 3.3 Karma Killian, Environmental Coordinator, Engineering Department, be allowed to vest her pension under Section(s) 2.397 and 2.398 of the Employees' Pension Plan as approved by the Pension Advisory Committee. 1B Attachments 4. Other Business 5. Adjourn Pension Trustees Agenda Council Chambers - City Hall Meeting Date:2/17/2009 SUBJECT / RECOMMENDATION: Approve the minutes of the January 12, 2009 Pension Trustees Meeting as submitted in written summation by the City Clerk. SUMMARY: Review Approval: 1) Clerk Cover Memo Item # 1 Attachment number 1 Page 1 of 3 TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING MINUTES CITY OF CLEARWATER January 12, 2009 John Doran George N. Cretekos Paul Gibson William B. Horne, II Jill S. Silverboard Rod Irwin Pamela K. Akin Cynthia E. Goudeau Rosemarie Call Chair Trustee Trustee Trustee Trustee The Chair called the meeting to order at 9:03 a.m To provide continuity for research, ite necessarily discussed in that order. 2 -Approval of Minutes ?ustees meeting of the City Clerk to each II, Library Department, was employed by the City on August credit is effective on June 11, 1981. Her pension will be Fs'ed on an average salary of approximately $55,435 per year over la for computing regular pensions, and Ms. Havens' selection of this pension will approximate $42,071 annually. J ens, Police Lieutenant, Police Department, was employed by the City on October 22, 88, and his pension service credit is effective on that date. His pension will be effective February 1, 2009. Based on an average salary of approximately $97,778 per year over the past five years, the formula for computing regular pensions, and Mr. Steffens' selection of the 100% Joint & Survivor Annuity, this pension will approximate $53,980 annually. These pensions were approved by the Pension Advisory Committee on December 11, 2008. Section 2.393 provides for normal retirement eligibility when a participant has reached Pension Trustees 2009-1-12 Item # 1 Unapproved Present: Frank Hibbard Carlen Petersen Attachment number 1 Page 2 of 3 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. Section 2.393 also provides for normal retirement eligibility when a participant has completed twenty years of credited service or has reached age 55 and completed ten years of credited service in a type of employment described as "hazardous duty" and further defines service as a Police Lieutenant as meeting the hazardous duty criteria. Ms. Havens qualifies under the age 55 and twenty years of service criteria. Mr. Steffens qualifies under the hazardous duty criteria. Ak Trustee Doran moved that Marlene Havens, Library Departme Jai Police Department, be granted regular pensions under Section(s) 2 .3f Employees' Pension Plan as approved by the Pension Advisory C ee. The duly seconded and carried unanimously. _ 3.2. Brenda Moses, Board Re Helen Goldschmidt. Librarv D Committee. Official Records & Legislative ant. be allowed to vest their D1 Brenda Moses, Board Reporter, Official Re Services ent, was employed by the City on July 8, 1996, and b articipati Pension that date. Ms. Moses terminated from City employm Novembe Helen Goldschmidt, Libraria rary rtmen mpl the City o August 22, 1994, and began partic' the nsion that d oldschmidt will terminate from City employm o ruary 1 0 , 209. es' Pensi provides that s n emplo ease to be an Clearwa ange status fr -time after completing more yea able se ension particip ployee shall acquire a sted interest in th ent be ested pension p s commence on the first of the month following th in whic ployee normally would have been eligible for retirement. Section 2.393 (p) p for normment eligibility when a participant has T etekos moved that Brenda Moses, Official Records & Legislative Services Departmen nd Helen Goldschmidt, Library Department, be allowed to vest their pension under Section(s) 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. ached age 55 and comp) enty years credited service, has completed 30 years of ited service, or has rea ge 65 and completed ten years of credited service. Ms. s would have comple least 20 years of service and reached age 55 on July 8, er pension will be e August 1, 2016. Ms. Goldschmidt would have completed at le ears of servi ached age 65 on April 1, 2010. Her pension will be effective May 1, ese pe re approved by the Pension Advisory Committee on December 11, 2008. 3.3. Employees listed below be accepted into the City of Clearwater's Employees' Pension Plan as approved by the Pension Advisory Committee. Pension Trustees 2009-1-12 Item # 1 Attachment number 1 Page 3 of 3 Name, Job Classification, and Department/Division Hire Date Philip Vannoy, Field Service Rep./Customer Service 11/10/08 William Goehring, Pub. Util. Tech. I/Public Utilities 11/10/08 Fitzgerald Scott, Planner I/Planning 11/10/08 Joseph DeCicco, Environmental Specialist/Engineering 11/10/08 Dale Abdelnour, Equipment Operator/Parks & Recreation 11/10/08 David Deas, Customer Service Rep./Customer Service 10/27/08 Daniel Rounding, Field Service Rep./Customer Service 11/10/0 Emily Laurenti, Survey Assistant I/Engineering 9/29 Natalie Rex, Parks Service Technician I/Parks & Recreation 11/24/ Anthony Deeley, Parks Service Tech. I/Parks & Recreation 11/2 Billy Stephens, Parks Service Tech. I/Parks & Recreation 11/24 Dragolub Vitkovic, Fleet Mechanic/General Services 11/24/0 Trustee Gibson moved to accept the listed employees into m Clearwater's Employees' Pension Plan. The motion was dul y secon unanimously. The meeting adjourned at 9:04 a. Pension Elig. Date 11/10/08 11/10/08 11/10/08 11/10/08 11/10/08 Pension Trustees 2009-1-12 3tem # 1 Pension Trustees Agenda Council Chambers - City Hall Meeting Date:2/17/2009 SUBJECT / RECOMMENDATION: The employees listed below be accepted into membership in the City of Clearwater's Employees' Pension Plan. SUMMARY: Name, Job Classification, & Department/Division Pension Hire Date Elig Date Elizabeth Renfroe, Pol. Com. Oper. Trainee/Police Matthew Taylor, Pks. Ser. Tech. I/Parks & Recreation Nicholas Capogna, Police Cadet/Police Thomas Olson, Police Cadet/Police Michael Clarida, Pks. Ser. Tech. I/Parks & Recreation William Cameron, Equip. Operator/Parks & Recreation Sherry Ryder, Accountant/Public Utilities Duane Barto, Public Utilities Technician I/Public Utilities Review Approval: 1) Clerk 11/24/08 11/10/08 12/8/08 12/8/08 12/8/08 12/8/08 12/8/08 12/8/08 11/24/08 11/10/08 12/8/08 12/8/08 12/8/08 12/8/08 12/8/08 12/8/08 Cover Memo Item # 2 Pension Trustees Agenda Council Chambers - City Hall Meeting Date:2/17/2009 SUBJECT / RECOMMENDATION: Sammie Rayner, Customer Service Department, be granted a regular pension under Section(s) 2.393 and 2.397 of the Employees' Pension Plan as approved by the Pension Advisory Committee. SUMMARY: Sammie Rayner, Customer Service Accounting Representative, Customer Service Department, was employed by the City on August 18, 1986, and her pension service credit is effective on that date. Her pension will be effective January 1, 2009. Based on an average salary of approximately $36,552 per year over the past five years, the formula for computing regular pensions, and Ms. Rayner's selection of the Joint & Survivor Annuity, this pension will approximate $22,570 annually. This pension was approved by the Pension Advisory Committee on January 8, 2009. Section 2.393 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. Ms. Rayner qualifies under the age 55 and twenty years of service criteria. Review Approval: 1) Clerk Cover Memo Item # 3 Pension Trustees Agenda Council Chambers - City Hall Meeting Date:2/17/2009 SUBJECT / RECOMMENDATION: Karma Killian, Environmental Coordinator, Engineering Department, be allowed to vest her pension under Section(s) 2.397 and 2.398 of the Employees' Pension Plan as approved by the Pension Advisory Committee. SUMMARY: Karma Killian, Environmental Coordinator, Engineering Department, was employed by the City on March 2, 1998, and began participating in the Pension Plan on that date. Ms. Killian terminated from City employment on August 29, 2008. The Employees' Pension Plan provides that should an employee cease to be an employee of the City of Clearwater or change status from full-time to part-time after completing ten or more years of creditable service (pension participation), 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. Ms. Killian would have completed at least 10 years of service and reached age 65 on September 23, 2017. Her pension will be effective October 1, 2017. This pension was approved by the Pension Advisory Committee on January 8, 2009. Review Approval: 1) Clerk Cover Memo Item # 4