02/17/2009TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING MINUTES
CITY OF CLEARWATER
February 17, 2009
Present: George N. Cretekos Vice-Chair
Carlen Petersen Trustee
John Doran Trustee
Absent:
Also Present:
Frank Hibbard
Paul Gibson
William B. Horne, II
Jill S. Silverboard
Rod Irwin
Pamela K. Akin
Cynthia E. Goudeau
Rosemarie Call
Chair
Trustee
City Manager
Assistant City Manager
Assistant City Manager
City Attorney
City Clerk
Management Analyst
The Chair called the meeting to order at 8:43 a.m. at City Hall.
To provide continuity for research, items are in agenda order although not
necessarily discussed in that 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.
Trustee Petersen moved to approve the minutes of the Pension Trustees meeting of
January 12, 2009, as recorded and submitted in written summation by the City Clerk to each
Trustee. The motion was duly seconded and carried unanimously.
3 - Pension Trustee Items
3.1 Accept the employees listed below into membership in the City of Clearwater's Employees'
Pension Plan
Name, Job Class, & Dept./Div
Elizabeth Renfroe, Police Comm. Operator Trainee/Police
Matthew Taylor, Parks Service Tech. I/Parks & Recreation
Nicholas Capogna, Police Cadet/Police
Thomas Olson, Police Cadet/Police
Michael Clarida, Parks Service Tech. I/Parks & Recreation
William Cameron, Equipment Operator/Parks & Recreation
Pension Eligible
Hire Date Date
11/24/08 11/24/08
11/10/08 11/10/08
12/08/08 12/08/08
12/08/08 12/08/08
12/08/08 12/08/08
12/08/08 12/08/08
Pension Trustees 2009-02-17
Sherry Ryder, Accountant/Public Utilities 12/08/08 12/08/08
Duane Barto, Public Utilities Technician I/Public Utilities 12/08/08 12/08/08
Trustee Doran moved to accept the listed employees into membership in the City of
Clearwater's Employees' Pension Plan. The motion was duly seconded and carried
unanimously.
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.
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
Trustee Petersen moved that 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. The motion was duly seconded and carried
unanimously.
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.
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
Pension Trustees 2009-02-17
Trustee Doran moved that 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. The motion was
duly seconded and carried unanimously.
4 - Other Business - None.
5 - Adjourn
The meeting adjourned at 8:44 a.m.
~~1~~ ~ ~
Chair
Employee's Pension Plan Trustees
Attest:
(~'\L- ~. JLf2oo~
Cit lerk
Pension Trustees 2009-02-17
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